Lost in the chatter about the inflating tech bubble is an important detail: Most of technology's most notable names aren't participating.» 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.
BOSTON, Sept 11- EMC Corp is not considering selling its stake in VMware Inc, a source familiar with EMC's thinking told Reuters on Thursday. The source declined to be named because they were not authorized to publicly discuss the matter.
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.
Sept 11- Data storage products maker EMC Corp has decided to consider selling its stake in its virtualization software unit, VMware Inc, New York Post reported, citing sources familiar with the situation.
Aug 6- Business software maker CA Inc, trying to shake off sluggish sales growth, is digging into a sizeable war chest built over the years to propel growth through acquisitions and a renewed focus on its own products.
BOSTON, July 29- Hedge fund Elliott Management told investors that it added to its stake in Juniper Networks last quarter and sees opportunities in real estate securities in Europe, but it said little about two positions making headlines-- Argentina and EMC Corp..
July 23- Data storage products maker EMC Corp, under pressure from activist investor Elliott Management to boost shareholder returns, on Wednesday accelerated its share buyback plan and raised its current-year profit forecast.
July 23- EMC Corp, the world's largest data storage equipment maker, reported a 5 percent rise in quarterly revenue, helped by sales of flash storage products and growth at its VMware Inc virtualization software unit. Net income fell to $589 million, or 28 cents per share, in the second quarter ended June 30 from $701 million, or 32 cents per share, a year earlier.
Check out which companies are making headlines after the bell Tuesday: Apple, Microsoft, VMWare & more.
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.
NEW YORK, July 21- U.S. stocks fell on Monday, following the sharpest moves in indexes in the past three months during the two previous sessions, as developments in Ukraine and Gaza continue to garner investor focus.
*EMC jumps on report of activist investor stake. NEW YORK, July 21- U.S. stocks fell on Monday, following the sharpest moves in indexes in the past three months during the two previous sessions, as developments in Ukraine and the Gaza Strip continue to garner investor focus.
*EMC jumps on report of activist investor stake. NEW YORK, July 21- U.S. stock index futures edged lower on Monday as developments in Ukraine and Middle East looked to dominate trading amid a thin economic calendar. Fighters from Hamas, which controls Gaza, have repeatedly tried to infiltrate Israel over the past week through a network of hidden tunnels.
Some of the names on the move ahead of the open.
July 21- Activist investor Elliott Management Corp has taken a $1 billion stake in data storage equipment maker EMC Corp and plans to push the company to spin off its VMware Inc unit, the Wall Street Journal reported, citing people familiar with the matter.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
The Apple-IBM tie up, beginning this fall, is set to target the customer base that BlackBerry needs to woo as part of a turnaround under new Chief Executive Officer John Chen. "It is not a crushing blow at this early stage, but it is a negative for BlackBerry," said IDC analyst John Jackson.
SAN FRANCISCO, July 15- Google Inc has appointed former Ford Motor Co CEO Alan Mulally to its board of directors, drafting a seasoned Detroit executive into its ranks as it develops a self-driving car and tries to get its software into more automobiles.
The "Fast Money" traders share their final trades of the day.
June 18- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, raised its full-year revenue forecast, helped by strong growth in subscription revenue. Shares of Red Hat rose 4.5 percent in extended trading. Red Hat cut its full-year adjusted profit forecast to $1.52- $1.54 per share from $1.54- $1.56.