New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 11, 2013
07:33 EDTBIRT, SAP, INFA, FIO, MLNX, RHT, EMC, SPLK, IBM, TIBX, QLIK, TDCBarclays to host a conference
2nd Annual Big Data Conference is being held in San Francisco on February 11.
News For BIRT;QLIK;TIBX;IBM;SPLK;EMC;RHT;MLNX;FIO;INFA;SAP;TDC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | all recent news | >>
October 9, 2014
06:55 EDTEMCAnalyst says PC company likely to get much of HP debt, Re/code reports
Subscribe for More Information
October 8, 2014
14:46 EDTEMCEMC comments on letter issued by Elliott Management
Subscribe for More Information
11:04 EDTEMCEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
10:46 EDTTIBXOptions with decreasing implied volatility
Subscribe for More Information
10:00 EDTMLNXOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:53 EDTEMCHP, EMC still doing due diligence on potential deal, CNBC reports
Subscribe for More Information
09:49 EDTEMCHP, EMC merger unlikely but still possible, CNBC's Faber says
09:48 EDTEMCHP, EMC still doing work on potential deal, CNBC reports
Subscribe for More Information
08:55 EDTEMCEMC rises after VMware separation urged by Elliott Management
Shares of EMC Corp. (EMC) are higher in pre-market trading after investor Elliott Management, affiliates of which collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC, sent a letter to the company's board detailing the firm's recommendations, including a separation of VMware (VMW) from Core EMC. Shares of EMC are up about 1% to $28.39 following Elliott's public disclosure of its letter to the company's board.
08:54 EDTEMCElliott Management urges separation of VMware from EMC
Subscribe for More Information
08:31 EDTEMCElliott Management sends letter to EMC board
Subscribe for More Information
07:42 EDTMLNXMellanox initiated with a Buy at Ladenburg
Target $51.
07:22 EDTIBMIBM to make renewed push around 'Watson' AI system, FT reports
Subscribe for More Information
07:20 EDTSAPSAP orders hiring freeze until end of year, analyst says, Bloomberg reports
Subscribe for More Information
07:17 EDTSPLKSplunk price target raised to $64 from $55 at UBS
Subscribe for More Information
October 7, 2014
08:09 EDTEMCHP undisclosed info seen pointing to life in EMC talks, Bloomberg reports
Subscribe for More Information
08:08 EDTSPLKSplunk, AWS to integrate Hunk on Amazon Elastic MapReduce
Subscribe for More Information
07:48 EDTIBMU.S. Chamber of Commerce to hold a discussion
Subscribe for More Information
07:03 EDTEMCEMC valuation of $39 per share achievable, says RBC Capital
RBC Capital valued each of EMC's business lines separately following recent spin-offs in the tech space and concluded that fair valuation of $39 per share is achievable. RBC believes shares are positioned to break out of a long held trading range and that now is an appropriate time for the company to look at strategic alternatives with CEO Joe Tucci retiring in February 2015. The firm has an Outperform rating on EMC with a $33 price target.
06:29 EDTIBMIBM, Globalfoundries reignite discussions for chip division, Bloomberg says
IBM and Globalfoundries have restarted discussions for IBM to sell its unprofitable chip production division, according to Bloomberg, citing a person familiar with the matter. The source said that IBM could pay Globalfoundries more than $1B to take over the unit. Reference Link
1 | 2 | 3 | 4 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use