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Stock Market & Financial Investment News

News For DELL;HPQ From The Last 14 Days
Check below for free stories on DELL;HPQ the last two weeks.
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June 19, 2013
06:39 EDTDELLSoutheastern lowers stake in Dell to 4.1% after Icahn sale
Southeastern Asset Management confirmed in a regulatory filing that it sold 71.66M shares of Dell at $13.52 to Carl Icahn, which lowered its stake in the computer maker to 4.1%. Southeastern said it also agreed to sell an additional 352.5K shares to Icahn at $13.52 per share.
06:12 EDTHPQHP CEO Whitman reorganizes PC business, Bloomberg reports
Hewlett-Packard CEO Meg Whitman is reorganizing the company’s troubled PC business, and is replacing the longtime head Todd Bradley with one of his deputies as PC's slump worldwide, reports Bloomberg. Dion Weisler, hired by Bradley last year from Lenovo Group to lead PCs and printing in Asia, is assuming global responsibility for the units. Reference Link
05:51 EDTDELLStocks with implied volatility movement; GLD DELL
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June 18, 2013
17:16 EDTDELLDell special committee responds to Carl Icahn's latest proposal
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16:20 EDTDELLSoutheastern says Icahn in best position to lead alternative Dell transaction
In a regulatory filing Southeastern Asset Management stated: "Southeastern Asset Management continues to believe that the Michael Dell / Silver Lake management buyout proposal undervalues the company and its prospects going forward. Southeastern and Icahn Associates have been working diligently to provide a better alternative for shareholders.Southeastern has determined that Icahn is in the best position to lead the development of an alternative transaction and to generate a better outcome for shareholders. Southeastern has therefore agreed to sell approximately 72,010,328 shares to Icahn, making Icahn the largest outside shareholder of Dell. Southeastern intends to vote its approximately 72,010,328 remaining shares of Dell stock against the $13.65 Michael Dell / Silver Lake management buyout proposal. Furthermore, Southeastern intends to vote its shares at Dell’s Annual Meeting in favor of the slate of highly qualified director candidates it and Icahn submitted to the Company. Icahn has Southeastern’s full support as it leads the proxy fight in the interest of all shareholders against the undervalued management buyout proposal. Southeastern will continue to participate in the proxy contest with Icahn to defeat the Michael Dell / Silver Lake management buyout proposal."
16:06 EDTDELLIcahn reports 8.68% stake in Dell
12:49 EDTDELLIcahn proposes Dell engage in $14 per share tender offer
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12:32 EDTDELLIcahn says bought 72M Dell shares from Southeastern
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12:28 EDTDELLIcahn proposes Dell commence tender offer for 1.1B shares at $14
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12:27 EDTDELLIcahn issues letter to Dell holders, proposes $14/share tender offer
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09:30 EDTDELLDell tells holders $13.65/share offer 'superior to any alternative'
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09:20 EDTHPQUBS IT hardware analyst holds an analyst/industry conference call
IT Hardware Analyst Milunovich and Hewlett Packard's COO Bill Veghte discuss HP's cloud computing strategy on an Analyst/Industry conference call to be held on June 20 at 11 am.
07:46 EDTHPQHewlett-Packard awards $88M Medicaid contract extension
HP Enterprise Services announced the Bureau of TennCare, Tennessee's Medicaid program, has signed an $88M agreement for HP to continue as the state's facilities manager for another two years, helping enable the state's program transformation while maintaining program stability for members. Under the terms of the new agreement, which includes two one-year options, HP will help the state move its technology infrastructure to a more flexible and sustainable services-oriented architecture that will improve responsiveness to business changes. The agreement also includes a continuation of HP Applications Services to maintain the TennCare Management Information System, which enhances workflow while providing timely access to accurate and meaningful information.
07:42 EDTDELLO'Reilly Media to hold a conference
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07:19 EDTHPQEyefortransport to hold a summit
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06:17 EDTHPQTaiwan tablet sales to reach 2M units in 2013, DigiTimes reports
Tablet demand in the Taiwan market is set to reach 2M units in 2013, reports DigiTimes, according to a Far EasTone Telecommunications Officer. Maxwell Cheng said the forecast for tablet sales volume in 2013 is set to double the level in 2012, with the 7-inch models estimated to account for 70%-80% of solid tablets. Reference Link
June 17, 2013
15:29 EDTHPQGoogle's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link
08:22 EDTHPQHewlett-Packard management to meet with UBS
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June 14, 2013
13:39 EDTDELLCarl Icahn may drop bid for Dell, CNBC says
CNBC's David Faber, citing sources, says that Carl Icahn is increasingly likely to drop his bid for Dell.
07:15 EDTHPQHewlett-Packard management to meet with UBS
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