Some of the names on the move ahead of the open.» Read More
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...
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...
Paul Singer's Elliott Management fired off a letter to EMC to push again for a spinoff of VMware, saying "the benefits ... are enormous."
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...
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HP's breakup could end up being a good thing in the long run, but it won't fix the company's core issues.
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.
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EMC Corp. held merger talks with rivals Dell and Hewlett-Packard, CNBC has confirmed.
Lost in the chatter about the inflating tech bubble is an important detail: Most of technology's most notable names aren't participating.
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.
Some of the names on the move ahead of the open.
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.
Check out which companies are making headlines after the bell Tuesday: Apple, Microsoft, VMWare & more.