"We believe Apple is about to change the narrative and get investors, analysts, customers and the media finally talking about new products again- starting with a software/services/Mac event on June 10th and a likely iPhone/iPad event in September," analysts led by Ben Reitzes said in a note to clients. **MBIA INC, $14.10, up 43.4 pct** BANK OF AMERICA CORP, $12.74, up 4 pct.
*Bernstein cuts to underperform from marketperform- theflyonthewall.com. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
The Dow dipped while the S&P 500 edged up on Wednesday as a sharp drop in durable goods orders last month added to worries about slower U.S. economic activity and Apple's results disappointed investors. **BOEING CO, $91.15, up 3.3 pct. **APPLE INC, $401.20, down 1 pct.
April 8- Cisco Systems, IBM and Citrix have joined forces with other tech companies in a consortium to kickstart the corporate market for software-defined networking, aimed at making network management easier and cheaper.
March 13- Software company VMware Inc promised annual revenue growth as high as 20 percent by 2016 and, with parent company EMC Corp, announced a new venture with a $1 billion revenue target, sending shares of both companies higher.
*EMC initially to own 69 pct of Pivotal, VMware to own 31 pct. *VMware shares up 7 pct, EMC shares up 2 pct. VMware said that the creation of Pivotal, a combination of both companies' data analytics and cloud application assets, would boost VMware's operating margins this year.
March 13- Data storage equipment maker EMC Corp plans to create a new company called Pivotal that would be 69 percent owned by EMC and 31 percent owned by its publicly traded affiliate VMware Inc, according to EMC Chief Executive Joe Tucci.