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July 22, 2014
09:28 EDTVMW, EMCEMC spin-off of VMware unlikely at this point, says Janney Capital
Following the report of Elliott taking a stake in EMC (EMC) and pushing for a break-up to unlock value, Janney Capital said it does believe that a spin-off of VMware (VMW) could help improve EMC's multiple but that the firm thinks such a move is not likely at this point. Janney adds that while it views a spin-off as unlikely, other shareholder-friendly responses, such as a dividend boost or increased share buybacks, are possible. The firm keeps its Buy ratings on both EMC and VMware.
News For EMC;VMW From The Last 14 Days
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October 8, 2015
08:31 EDTEMC, VMWDell buying EMC not likely, but merger makes sense, says Jefferies
Jefferies analyst James Kisner thinks a Dell/EMC combination makes sense with EMC buying Dell or a Dell/EMC merger. However, he thinks EMC going private or Dell buying EMC is not likely given EMC's size and his view that a VMware (VMW) 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 tells investors in a research note.
08:14 EDTEMC, VMWDell probably can't buy EMC, says Bernstein
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07:53 EDTEMCDell purchase of EMC storage business may be logical, says Oppenheimer
Following media reports that EMC (EMC) and Dell are in talks about a potential deal that could involve Dell buying all of EMC or just its storage business, Oppenheimer says that the latter scenario could be logical. Oppenheimer believes that EMC could use the cash from such a deal to spur the growth of its data and security businesses. The firm is cautious about a full merger between the companies, partly because it 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). The firm keeps a $30 price target and Outperform rating on EMC.
07:36 EDTEMCEMC looking to sell VNX data storage business to Dell, Re/code reports
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06:59 EDTEMCEMC, Dell deal could boost infrastructure valuations, says William Blair
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06:29 EDTVMWVMware October weekly volatility elevated into Q3 and outlook
VMware 10/23/15 weekly call option implied volatility is at 46, November is at 39; compared to its 52-week range of 21 to 43, suggesting large price movement into the expected release of Q3 results on October 20.
06:09 EDTEMCEMC volatility up into report of merger talks with Dell
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05:58 EDTEMC, VMWOptions expected to be active: EMC VMW IBM HPQ ORCL AA DB LL
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05:35 EDTEMCMesosphere and EMC announce collaboration to expand DCOS storage
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October 7, 2015
19:22 EDTEMCEMC in merger talks with Dell, WSJ says
Dell and EMC are engaged in merger discussions, reports the Wall Street Journal, citing people familiar with the matter. It is unclear if the companies are considering a partial or full takeover of EMC, the Journal adds. Reference Link
19:11 EDTEMCEMC jumps after hours, levels to watch
Shares were last at $28 on light volume, with next resistance at $28.70. The 52-week high is at $30.92. Support is at $27.64. Dow Jones reported that Dell is in merger talks with EMC.
18:59 EDTEMCDell in merger talks with EMC, Dow Jones reports
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October 5, 2015
14:33 EDTVMWApple won't renew expiring VMware licensing deal, CRN reports
Apple (AAPL) has been using VMware (VMW) software to run parts of its corporate IT infrastructure, but the iPhone giant won't renew an expiring enterprise licensing agreement with VMware and will be stepping up its deployment of an open-source alternative, according to CRN, citing multiple sources with knowledge of the matter. One source said the VMware ELA extension would have cost around $20M, the report noted. VMware shares are still up fractionally in afternoon trading but have slipped from where they were trading before the CRN report was circulated. Reference Link
14:29 EDTVMWApple won't renew expiring VMware licensing deal, CRN reports
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October 2, 2015
09:36 EDTVMWVMware downgraded to Negative from Mixed at OTR Global
October 1, 2015
13:23 EDTEMCElliott plans to give EMC most of October to respond to demands, Reuters says
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September 30, 2015
11:29 EDTEMCAnalyst says key tech trend positive for EMC, negative for IBM
The adoption of platform-as-a-service will accelerate, creating more positive opportunities for EMC (EMC) and posing challenges for IBM (IBM), research firm Jefferies wrote in a note to investors today. WHAT'S NEW: The growth of PaaS will accelerate because the technology enables faster and cheaper development of apps, while the proliferation of mobile apps and the increased digitization of businesses will lead to greater adoption, Jefferies analyst James Kisner stated. PaaS usage will "explode" as companies leverage apps, becoming software makers in some ways, predicted Kisner, who noted that tech research firm IDC expects the number of apps to jump 1000% in three years. EMC's Pivotal business, which enables enterprises to analyze data produced by cloud infrastructure, could be significant as app usage surges, according to Kisner. Conversely, 50% of IBM's profits are generated by middleware that "is likely to be somewhat cannibalized by PaaS," the analyst believes. The Street's revenue estimates for IBM, which call for a decline of 2% in 2016 and little change in 2017, are overly optimistic, according to Kisner, who kept a Buy rating on EMC and an Underperform rating on IBM. PRICE ACTION: In morning trading, EMC rose 2.6% to $23.74 and IBM advanced 2% to $145.34.
09:25 EDTEMCJefferies more positive on EMC, more negative on IBM
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06:12 EDTVMW, EMCEMC's Goulden: Breaking off VMware 'wrong thing to do,' Re/code reports
EMC (EMC) president David Goulden said his firm will try to maintain its complex corporate structure amid pressure to spin off its stake in VMware (VMW), Re/code reports. "We believe strongly that breaking up is the wrong thing to do," Goulden said in an interview at Re/code's Code/Enterprise Series event. Reference Link
September 29, 2015
09:31 EDTEMCRe/code to hold a discussion
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