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July 15, 2013
19:45 EDTHPQ, HRS, CSCCSC, Harris challenge HP government contract, Bloomberg says
Computer Sciences (CSC) and Harris (HRS) have filed a protest with the U.S. Government Accountability Office challenging a $3.5B award to Hewlett-Packard (HPQ) for running the U.S. Navy's communications network, reports Bloomberg. The GAO has until October 23 to make a decision on the protests. Reference Link
News For CSC;HRS;HPQ From The Last 14 Days
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October 8, 2015
09:50 EDTHPQAnalysts doubt Dell buys EMC despite media reports
Shares of IT services and software company EMC (EMC) are moving higher in early trading amid conflicting reports regarding M&A talks between the company and Dell, which is privately owned by founder Michael Dell and private-equity partner Silver Lake. Analysts weighing in on the potential for a deal generally expressed doubt that a takeover is likely, but agree that some alternate deal may make sense and could be struck between the two. CONFLICTING REPORTS: Last night, Liz Hoffman, Dana Mattioli and Joann Lublin of The Wall Street Journal reported that Dell and Silver Lake are in "advanced talks" to buy EMC, noting that one source indicated the deal being discussed calls for the buyers to spin off EMC's VMware (VMW) unit. Then, Re/code's Arik Hesseldahl reported that EMC has approached Dell in recent weeks about selling its VNX data storage business to the private technology company. The tech reporter, who has frequently reported on EMC and VMware in the past, contended that acquiring a unit would make more logical and financial sense for Dell than buying all of EMC. However, CNBC's David Faber subsequently contended, in keeping with the Journal, that Dell is in talks to acquire all of EMC for "above $27 per share," adding that a deal could be announced as soon as one week from now. ANALYST TAKES: Jefferies analyst James Kisner thinks a Dell/EMC combination makes sense if EMC were to buy Dell or the two were to merge. However, he thinks EMC going private or Dell buying EMC is not likely given EMC's size and his view that a VMware spin out is not likely. If EMC and Dell were to merge, HP Enterprises (HP) could be the "odd man out" and an EMC acquisition of NetApp (NTAP) would be less likely, Kisner told investors in a research note. JPMorgan analyst Rod Hall agrees that a takeout of EMC by Dell does not make a lot of sense given the relative sizes of the two companies and the likely desire of Michael Dell and Silver Lake to exit their investments. EMC buying Dell is more likely, Hall told investors in his own research note. The analyst views the combination of EMC's storage business with Dell's 20% share of the server market as "strategically logical," however. He also views the potential Dell, EMC tie-up as negative for HP Enterprise. Analysts at Oppenheimer were also cautious about a full merger between the companies, partly because the firm believes that such a deal would be difficult to execute, add the low-margin consumer business to EMC, and create more conflicts between EMC and Cisco (CSCO). WHAT'S NOTABLE: Elliott Management, which is pushing EMC to break up, is planning to give EMC most of October to answer its demands after a standstill agreement expired, Reuters reported on October 1, citing people familiar with the matter. Elliott hopes that the additional time will allow the data storage company to create a response that could avoid a bruising activist campaign, the report stated, adding that Elliott plans to keep quiet until October 21, when EMC is scheduled to report Q3 earnings. PRICE ACTION: In early trading soon after the opening bell, EMC shares gained 3.6% to $26.93, while VMware fell 3.7% to $79.05 and HP was flat near $28 per share.
08:40 EDTHPQJPMorgan says EMC buying Dell more likely than reverse
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08:32 EDTHPQSanDisk, HP launch partnership for memory driven computing solutions
SanDisk (SNDK) and HP (HPQ) announced a long-term partnership to collaborate on a new technology within the Storage Class Memory category. The partnership will center around HP's Memristor technology and expertise and SanDisk's non-volatile ReRAM memory technology and manufacturing and design expertise to create new enterprise-wide solutions for Memory-driven Computing. The two companies also will partner in enhancing data center solutions with Solid State Drives. The technology is expected to be up to 1,000 times faster than flash storage and offer up to 1,000 times more endurance than flash storage. It also is expected to offer significant cost, power, density and persistence improvements over DRAM technologies. The SCM technology and its characteristics are intended to allow systems to employ tens of terabytes of SCM per server node for applications such as in-memory databases, real-time data analytics, transactional and high-performance computing.
06:59 EDTHPQEMC, Dell deal could boost infrastructure valuations, says William Blair
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05:58 EDTHPQOptions expected to be active: EMC VMW IBM HPQ ORCL AA DB LL
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October 7, 2015
04:59 EDTHPQStocks with implied volatility movement; WFT HPQ
Stocks with implied volatility movement; Weatherford (WFT) 81, Hewlett-Packard (HPQ) 36 according to iVolatility.
October 5, 2015
17:05 EDTCSCCSC enters 5-week due diligence process to acquire UXC for A$1.26 per share
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October 1, 2015
11:15 EDTHPQAutonomy's Mike Lynch sues HP for $150M in damages, Reuters reports
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09:01 EDTHRSHarris receives $38M in orders to provide tactical radio support services
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07:48 EDTHPQHP board approves separation
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September 30, 2015
15:39 EDTHPQHP announces transactions to retire up to $8.85B of debt securities
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10:49 EDTHPQWestern Digital surges on $3.78B investment from China's Unisplendour
Shares of Western Digital (WDC) surged in morning trading after the company said it Unisplendour will take a 15% stake in the U.S. data storage company. WHAT'S NEW: Western Digital and Unisplendour, a unit of China's Tsinghua Holdings, said they entered into a pact under which a Unis subsidiary will invest $3.78B in Western Digital, the companies said. Under the terms of the agreement, Unis will buy the shares at $92.50 each. Unisplendour will own 15% of Western Digital's outstanding shares after the purchase, and have the right to nominate one representative to Western Digital's board of directors, a right that terminates if Unis' ownership falls below 10%. Unis also agreed not to sell any of its Western Digital shares for five years. WHAT'S NOTABLE: In July, the Wall Street Journal reported that Tsinghua Unigroup, which is majority-owned Tsinghua Holdings, offered to buy Micron Technology (MU) for $23B. After several talks and meetings over the matter, Reuters reported on August 28 that Zhao Weiguo, chairman of Tsinghua Unigroup, met with Micron in an attempt to revive takeover talks, but a deal did not come to fruition. Tsinghua Holdings chairman Jinghong Xu said that his company was open to a partnership with Micron if an acquisition deal could not be reached, dealReporter said. Separately, in May, Hewlett-Packard (HPQ) announced that it would sell a 51% stake in its H3C business to Unisplendour for roughly $2.3B. PRICE ACTION: In morning trading, Western Digital shares are up 16.06% to $79.91. OTHERS TO WATCH: Micron, which reports quarterly earnings on Thursday, is up 5.25% to $15.10, HP is up 2.56% to $25.28, SanDisk (SNDK) is up 9.2% to $53.63, Intel (INTC) is up 3.56% to $30.28, and Seagate (STX) is up 5.5% to $44.10.
09:25 EDTHPQJefferies more positive on EMC, more negative on IBM
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September 29, 2015
09:03 EDTHPQHP updates entry-level workstation
HP (HPQ) announced the HP Z240 Tower and Z240 SFF Workstations with next generation Intel (INTC) processors and HP Z Turbo Drive options, raising the bar for entry-level workstations, while providing the reliability of a workstation at the price point of a desktop PC. The Z240 is the latest update to the world's No. 1 ranked entry-level workstation, the HP Z230. As HP's most affordable workstation, the Z240 is ideal for customers in the video editing, MCAD/AEC, education, public sector and image viewing industries.
08:10 EDTHRSHarris awarded $390M IDIQ contract by U.S. Special Operations Force
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September 28, 2015
16:10 EDTHPQHP initiated with a Neutral at Sterne Agee CRT
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September 25, 2015
18:19 EDTHPQFormer HP Chairman Ray Lane tried to stop Autonomy acquisition, WSJ says
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09:04 EDTHPQHP management to meet with JPMorgan
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September 24, 2015
09:36 EDTHPQGabelli continues to believe Stratasys is a strategic fit for Hewlett-Packard
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09:03 EDTHRSHarris receives $21M wideband tactical radio order from Latin American nation
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