The CNBC RQ 50 identifies companies that don't just spend big on R&D, but spend right, creating return on innovation for shareholders.» Read More
Boston, Sept 11- EMC Corp plans to keep its majority stake in software maker VMware Inc despite pressure from activist hedge fund Elliott Management, a person familiar with EMC's thinking told Reuters on Thursday.
Sept 11- Data storage products maker EMC Corp has decided to explore selling its stake in its software unit, VMware Inc, giving into pressure from Paul Singer- run activist hedge fund Elliott Management Corp, the New York Post reported, citing sources familiar with the matter.
*Sees Q3 earnings $0.35- $0.40/ shr vs est $0.44. *Sees Q3 revenue $1.15 bln- $1.2 bln vs est $1.26 bln. Juniper, whose clients include Verizon Communications Inc and AT&T Inc, forecast adjusted profit of 35- 40 cents per share on revenue of $1.15 billion- $1.2 billion.
July 21- Activist investor Elliott Management Corp has taken a $1 billion stake in EMC Corp and plans to push it to spin off virtualization software unit VMware Inc, the Wall Street Journal reported, citing people familiar with the matter.
*Expects adj rev$ $264- $265 mln vs prior view $274- $280 mln. *Expects adj profit at low end of its 26- 28 cents/ shr view. "This was a reality check quarter for Riverbed as the company faces a myriad of company-specific and secular challenges in the field," FBR Capital Markets analyst Daniel Ives said in an email.
April 29- Network equipment maker Riverbed Technology Inc reported an 8 percent rise in quarterly revenue as U.S. telecom carriers spent more to expand and strengthen their networks. Riverbed reported net income of $3.3 million, or 2 cents per share, in the first quarter ended March 31, compared with a net loss of $8.1 million, or 5 cents per share, a year earlier.
BOSTON, April 29- Sotheby's and its largest investor, Daniel Loeb, will open their arguments in court on Tuesday on whether the auction house should be allowed to restrict the billionaire's ownership stake, in a case that could reshape the world of shareholder activism.
Shares of the company, whose customers include AT&T Inc and Verizon Communications Inc, rose about 3 percent in extended trading. AT&T has estimated capital expenditure of about $21 billion for this year, while Verizon has said it expected to spend about $17 billion.
Some of Tuesday's midday movers:
April 15- Hedge fund Elliott Management reaffirmed its $3.36 billion offer for network gear maker Riverbed Technology Inc after being rebuffed twice, saying it remained "extremely interested" in acquiring the company. The stock had touched a high of $22.76 in February after Elliot raised its initial bid by $2 to $21 per share.
April 15- Hedge fund Elliott Management reaffirmed its $3.36 billion offer for network gear maker Riverbed Technology Inc, saying it remained "extremely interested" in acquiring the company. Riverbed rejected Elliott Management's raised bid in February, saying the offer undervalued the company.
Some of Tuesday's midday movers:
Some of Friday's midday movers:
Elliott Management Corp. is getting more aggressive in its bid for Riverbed Technology with a new offer of $21 a share.
You could almost hear the bulls cheering on Wall Street as the S&P pared 2014 losses and then closed at an all time high.
Some of Wednesday's midday movers:
CNBC's Jim Cramer says Intel's recent focus on mobile and wearable tech will help the company survive a weak PC market.
Paul Singer's Elliott Management Corp. is flexing its activist muscles this week and has plans for much more in 2014.
Riverbed Technology, the enterprise tech company that Elliott Management offered to buy Wednesday for $19 a share, wants more time to think.
Take a look at some of Friday's midday movers: