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VMware Inc

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  • 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,...

  • 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...

  • 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...

  • 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...

  • VMware 3rd-qtr adjusted profit beats estimates Tuesday, 21 Oct 2014 | 4:13 PM ET

    Oct 21- VMware Inc reported a better-than-expected adjusted profit for the third quarter, helped by higher demand for its software that lets computers to run multiple operating systems on the same machine. Excluding items, the company earned 87 cents per share, above the analysts' average estimate of 83 cents per share, according to Thomson Reuters I/B/E/S.

  • BOSTON, Oct 16- Some of Wall Street's biggest names are licking their wounds as October lives up to its reputation as one of the market's roughest months. Morgan Stanley strategists said this week that their model portfolio through Monday had trailed the S&P by 3.6 percentage points due to bad bets on technology stocks, including GT Advanced Technologies, the...

  • Oct 15- Hewlett-Packard Co said it would resume its share repurchase program, a day after sources told Reuters that the company had ended merger talks with data storage products maker EMC Corp.. The end of the talks to merge two of the tech industry's largest enterprise-oriented firms may force EMC to review its stake in VMware Inc- the other option besides a...

  • Wednesday's midday movers: Sears, GoPro & more Wednesday, 8 Oct 2014 | 12:38 PM ET
    Traders work on the floor of the New York Stock Exchange, Oct. 2, 2014.

    Take a look at some of Wednesday's midday movers:

  • Oct 8- Activist investor Elliott Management Corp is urging data storage products maker EMC Corp to spin off its VMWare Inc virtualization software unit or pursue other merger opportunities in its first public letter to the company. EMC's structure of combining several businesses obscures enormous value, Elliott Management said in a 13- page letter that it...

  • Elliott Management presses EMC to spin off VMware Wednesday, 8 Oct 2014 | 9:37 AM ET
    Joseph 'Joe' Tucci, chairman and chief executive officer of EMC Corp., speaks during the Oracle OpenWorld 2013 conference in San Francisco, California.

    Paul Singer's Elliott Management fired off a letter to EMC to push again for a spinoff of VMware, saying "the benefits ... are enormous."

  • Activist investor Elliott urges EMC to spin off VMWare Wednesday, 8 Oct 2014 | 9:31 AM ET

    Oct 8- Activist investor Elliott Management Corp has urged data storage products maker EMC Corp to spin off its VMWare Inc virtualization software unit. EMC's federation structure obscures enormous value, Elliott Management said in a letter to the company's board. EMC's "federation strategy" comprises three businesses- its core data-storage unit, VMware and...

  • 7 companies that could be the next to split: Pros Monday, 6 Oct 2014 | 6:58 PM ET

    Dan Ives of FBR Capital and the CNBC "Fast Money" traders discuss which companies could be next to split.

  • HP split: Death of the hardware superstore Monday, 6 Oct 2014 | 12:47 PM ET
    Ticker showing news of Hewlett-Packard planning to split into two companies, New York, Oct. 5, 2014.

    HP's breakup could end up being a good thing in the long run, but it won't fix the company's core issues.

  • Meg Whitman, CEO of Hewlett-Packard

    Computing giant Hewlett-Packard is close to breaking itself into two companies, following a months-long process during which it explored the sale of several business units, Re/code reports.