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Stock Market & Financial Investment News

News Breaks
July 21, 2014
06:27 EDTEMC, VMWElliott Management to push EMC to break up, WSJ reports
Elliott Management has taken a stake of over $1B in EMC (EMC), according to sources, and plans to push the data-storage company to break itself up, the Wall Street Journal reports. Elliott reportedly believes EMC's stock would get a boost from spinning off VMware (VMW), of which it owns an 80% stake. Reference Link
News For EMC;VMW From The Last 14 Days
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September 24, 2014
11:42 EDTVMWMobileiron advances after analyst sees easing competition
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10:58 EDTEMCCisco CEO says not potential acquirer of EMC, Reuters reports
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09:38 EDTEMCCisco CEO says not in merger talks with EMC, Reuters reports
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08:16 EDTEMCEMC should stay independent, says Argus
Argus believes that EMC's best option is to keep its current structure, and the firm expects the company to have essentially the same structure as today when its CEO retires next February. Argus thinks the company can do well on its own, and it reiterates a $35 price target and Buy rating on the shares.
05:56 EDTEMCStocks with implied volatility above IV index mean; AMD EMC
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September 23, 2014
09:03 EDTEMC, EMCEMC would be a good fit for Hewlett-Packard , says CLSA
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07:19 EDTEMCEMC's end game is a marriage with Cisco, says Macquarie
Macquarie views EMC's (EMC) merger talks with Hewlett-Packard (HPQ) as a "ploy" to bring Cisco (CSCO) to the bargaining table. The analyst is not surprised by reports that EMC's discussions with Hewlett-Packard stalled given the lack of synergies and views Cisco as a logical buyer due to strong synergies and defensive reasons. Macquarie said VMware (VMW) would make Cisco the leader in the growing Software Defined DataCenter market, allowing it to offer EMC a better deal than any other potential acquirer. Finally, the firm does not view the status-quo as a compelling option for EMC given the recent share strength, aggressive street estimates, and the upcoming retirement of Joe Tucci in February. Macquarie rates EMC a Neutral with a $32 price target, up from $28.
06:33 EDTEMC, VMWHP was primarily interested in EMC's VMware stake, Re/code reports
HP (HPQ) was interested in merging with EMC (EMC) primarily due to the latter company's 80% stake in VMware (VMW), according to Re/code, which cited unnamed sources. The deal discussed between HP and EMC was an all-stock transaction that would have created a combined company worth about $130B, Re/code stated. Reference Link
06:10 EDTEMCStocks with implied volatility above IV index mean; AMD EMC
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September 22, 2014
13:02 EDTEMC, VMWEMC exploring options ahead of CEO retirement, Bloomberg reports
EMC (EMC) is exploring strategic options ahead of the 2015 retirement of its CEO Joseph Tucci, Bloomberg reports, citing people familiar with the discussions. The options could include a full or partial sale, or a spinoff of VMware (VMW), Bloomberg added, citing sources.
12:50 EDTVMW, EMCEMC jumps after reports detail takeover talks
The shares of cloud application provider EMC (EMC) are rising in a down market after Wall Street Journal reported that the company had held talks about selling itself to HP (HPQ) and Dell. WHAT'S NEW: EMC held on-and-off merger talks with HP for almost a year, but those talks have ended, Wall Street Journal reported today. Dell also held talks with EMC about a takeover, the newspaper added. According to a CNBC’s David Faber, the takeover talks between HP and EMC went on for months, but the two sides couldn't agree on a price, as EMC wanted HP to pay a large premium to its stock price. Tiernan Ray of Barron's added today that the takeover talks between the companies could resume, citing a source. WHAT'S NOTABLE: The New York Post reported on September 11 that EMC was considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW). UBS analyst Steven Milunovich responded to The Post's report by writing on the same day that EMC had become a potential takeover target itself. HP, Oracle (ORCL) and Cisco (CSCO) could buy EMC, the analyst wrote. PRICE ACTION: In early afternoon trading, EMC added 1% to $30, while VMware added 1% to $95.
12:26 EDTEMCEMC, HP merger talks could resume, Barron's reports
The merger talks between EMC (EMC) and HP (HPQ) could resume, Tiernan Ray of Barron's reports, citing a source. The companies had discussed HP selling its printer division, but only as "a down the road thing," once a deal was completed, Tiernan added, citing the source. Cisco (CSCO) and Oracle (ORCL) are still considered possible buyers for EMC, the reporter noted. Reference Link
09:20 EDTEMCEMC wanted large premium from HP in takeover, CNBC reports
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09:17 EDTEMCHP considered spinning off Printing, PC units, CNBC reports
09:16 EDTEMCEMC wanted large premium from HP, talks have ended, CNBC reports
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09:15 EDTEMCOn The Fly: Pre-market Movers
HIGHER: Sigma-Aldrich (SIAL), up 34% after Merck KGaA (MKGAY) to acquire the company for $17B... Viasystems (VIAS), up 44% after TTM Technologies (TTMI) acquires the company for $16.46 per share in cash and stock. TTM is up 15.5% after the deal... Clorox (CLX), up 5.4% after the New York Post said the company turned down offer to sell or merge with rival... EMC (EMC), up 2.5% after The Wall Street Journal said the company is considering options that could include merging with a rival and held on-and-off merger talks with Hewlett-Packard (HPQ) for almost a year, though the Journal added that those talks recently ended... Epiq Systems (EPIQ), up 9.9% after P2 Capital confirms 16.9% stake in Epiq and that the company turned down the shareholders' $20 per share takeover offer... Dresser-Rand (DRC), up 2.7% after the company sells to Siemens (SIEGY) for $83 per share or $7.6B... TAT Technologies (TATT), up 6.6% after a division of the company signed a maintenance agreement with Republic Airways (RJET). LOWER: Yahoo (YHOO), down 2.1% after stock was downgraded at Bank of America Merrill Lynch and at Bernstein... InvenSense (INVN), down 2.9% after downgraded at RW Baird... Threshold Pharmaceuticals (THLD), down 5.6% after TH-302 Phase 3 trial events to occur later than expected.
07:54 EDTEMCEMC volatility expected to move on explores merger reports
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06:11 EDTEMCEMC explores merger, holds talks with HP, Dell, WSJ reports
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September 19, 2014
05:58 EDTEMCStocks with implied volatility above IV index mean; EMC BWP
Stocks with implied volatility top IV index mean; EMC (EMC) 22, Boardwalk Pipeline (BWP) 35 according to iVolatility.
September 18, 2014
12:58 EDTVMW, EMCEarnings Preview: Morgan Stanley views Oracle's Q1, Q2 estimates as 'achievable'
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