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VMware Inc

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  • Jan 29- Data storage equipment maker EMC Corp, which has been under pressure from activist investor Elliott Management Corp, forecast a lower-than-expected profit for the year and said it would cut jobs. EMC, which owns 80 percent of VMWare Inc, also said it expected to buy back up to $3 billion in shares this year. EMC comprises four main businesses- its core...

  • NYSE stocks posting largest volume increases Wednesday, 28 Jan 2015 | 6:07 PM ET

    NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Ethan Allen Interiors Inc.: Approximately 1,759,400 shares changed hands, a 846.1 percent increase over its 65- day average volume. The shares fell $3.84 or 12.1 percent to $27.81.

  • Jan 27- Virtualization software maker VMware Inc's adjusted profit beat the average analyst estimate for the eighth straight quarter due to strong demand for its products that help cut the cost of moving data to the cloud. VMware, like rival Citrix Systems Inc, makes software that enables the creation of a virtual machine that act like a real computer with an...

  • Jan 27- Virtualization software maker VMware Inc reported better-than-expected quarterly revenue and profit, on strong demand for its products that help cut the cost of moving data to the cloud. VMware, like rival Citrix Systems Inc, makes software that enables the creation of a virtual machine that act like a real computer with an operating system, helping...

  • VMware beats Street 4Q forecasts Tuesday, 27 Jan 2015 | 4:33 PM ET

    PALO ALTO, Calif. _ VMware Inc. on Tuesday reported fourth-quarter earnings of $326 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share. VMware shares have declined slightly more than 2 percent since the beginning of the year.

  • VMware 4th-qtr revenue rises 15 pct Tuesday, 27 Jan 2015 | 4:30 PM ET

    Jan 27- Virtualization software maker VMware Inc reported a 14.8 percent rise in quarterly revenue on strong demand for its products that help cut the cost of moving data to the cloud. Revenue rose to $1.70 billion in the fourth quarter from $1.48 billion a year earlier, as income from both licenses and services rose. But net income fell to $326 million, or 75 cents...

  • Activist Elliott reaches standstill agreement with EMC Monday, 12 Jan 2015 | 10:43 AM ET

    Jan 12- EMC said on Monday that activist investor Elliott Management Corp will vote for EMC's proposed directors as part of a standstill agreement with the data storage company prohibiting the hedge fund from agitating the company until September. Since October 2014, Elliott has been publicly pushing data storage maker EMC to spin off its VMware software...

  • In the end, the deal survived only after Taser dropped Amazon.com Inc as the data storage provider for the year-long project. The fact that Amazon did not have a data center in Britain was a deal breaker for British officials, according to Taser. The case is an example of the challenges that Amazon faces as it works to expand its cloud computing business, known as...

  • UPDATE 1-NetApp profit falls on lower sales to OEMs Wednesday, 12 Nov 2014 | 6:09 PM ET

    Nov 12- Data storage equipment maker NetApp Inc reported a 4 percent fall in quarterly profit, hurt by lower sales to original equipment manufacturers, and forecast a third-quarter profit below market estimate. The company's OEM business includes revenue from the sale of NetApp's products by other companies under their brands, including IBM Corp and Fujitsu...

  • SEATTLE, Oct 23- Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins intact. "In light of recent negative earnings results from tech bellwethers Oracle, IBM, SAP, VMware, and EMC, Microsoft is bucking the trend and we...

  • UPDATE 1-Microsoft sales beat Street hopes, shares rise Thursday, 23 Oct 2014 | 4:37 PM ET

    SEATTLE, Oct 23- Microsoft Corp reported higher-than-expected revenue for its fiscal first quarter on Thursday, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins intact. "In light of recent negative earnings results from tech bellwethers Oracle, IBM, SAP, VMware, and EMC,...

  • 17 stock trades in 91 seconds Wednesday, 22 Oct 2014 | 7:24 PM ET
    Traders on the floor of the New York Stock Exchange.

    The "Fast Money" traders share how they're playing weakness in the stock market.

  • Oct 22- Data storage equipment maker EMC Corp cut its full-year profit and revenue forecast, hurt by lower bookings at its VMware Inc unit and a strong dollar. Shares of EMC, which is under pressure from activist investor Paul Singer's Elliott Management Corp to spin off VMware, fell as much as 4 percent in early trading. The unit, owned 80 percent by EMC, forecast...

  • VCE, set up in 2009 as a one-stop shop for data centers, bundles Cisco's networking equipment and servers with EMC's storage gear and software from EMC's virtualization software unit VMware Inc.. Reports of EMC and Cisco encroaching on each other's turfs had sparked speculation that the partnership was fraying. "We view the Cisco/ VCE news as a' yawner' given that...

  • Early movers: BA, DOW, SWK, TSLA, YHOO Wednesday, 22 Oct 2014 | 8:41 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Oct 22- Data storage equipment maker EMC Corp cut its full-year profit forecast as it joins other companies affected by a surge in dollar that crimps demand for U.S. exports and reduces the value of overseas sales when translated back into dollars. EMC's shares were down about 1 percent in premarket trading. EMC also cited the timing of its $3 billion share...

  • EMC Corp's quarterly revenue rises 9 pct Wednesday, 22 Oct 2014 | 7:07 AM ET

    Oct 22- EMC Corp's quarterly revenue rose about 9 percent mainly due to higher sales of its data storage products in the United States. Net income attributable to EMC shareholders rose slightly to $587 million, or 28 cents per share, in the third quarter ended Sept. 30 from $586 million, or 27 cents per share, a year earlier. Revenue rose to $6.03 billion from $5.54...

  • Oct 21- Software maker VMware Inc forecast current-quarter revenue largely below Wall Street's estimates due to a delay in the closing of a large U.S. government deal and lower bookings in Germany, Russia and Japan in the third quarter. VMware, which activist investor Elliott Management Corp wants separated from parent EMC Corp, makes software that creates a...

  • After-hours buzz: Broadcom, iRobot, Yahoo & more Tuesday, 21 Oct 2014 | 5:00 PM ET

    Companies making headlines after the bell Tuesday:

  • Oct 21- VMware Inc, bucking the trend of weak results from other software makers, reported a better-than-expected quarterly adjusted profit, helped by demand for its software that helps store data more efficiently and cut IT costs. VMware's shares were down 1.5 percent in after-market trade. Excluding items, VMware earned 87 cents per share in the third quarter...