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News Breaks
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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September 1, 2015
06:24 EDTVMW, EMCVMware cash flow commentary implies 27% growth, says Jefferies
Jefferies analysts John DiFucci and Brad Zelnick say VMware's (VMW) cash flow commentary yesterday at its analyst day imply at least 27% growth in FY16. VMware CEO Pat Gelsinger noted that talk around him proposing a downstream merger with EMC (EMC) to the board is false, the analysts note. They keep a Buy rating on the stock with a $104 price target.
06:16 EDTVMWVMware upgraded to Outperform from Neutral at Baird
August 31, 2015
17:59 EDTEMC, VMWEMC downstream merger proposal originated with VMware CEO, Hesseldahl says
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15:23 EDTEMC, VMWVMware says downstream merger of EMC not a serious consideration, Bloomberg says
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11:38 EDTVMW, EMCVMware CEO says 'federation' structure best for company
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08:23 EDTVMWVMware volatility elevated into financial analyst day
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08:07 EDTVMWSanDisk unveils data service for VMware vSphere with FlashSoft
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06:31 EDTVMWVMware to host financial analyst day
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August 26, 2015
16:26 EDTEMC, VMWOn The Fly: Top stock stories for Wednesday
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16:12 EDTVMWVMware names Ray O'Farrell Chief Technology and Development Officer
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15:27 EDTVMW, EMCVMware falls after report EMC board weighing downstream merger proposal
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12:47 EDTVMW, EMCOn The Fly: Top stock stories at midday
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12:08 EDTVMW, EMCEMC Federation departures suggest changes coming, says Raymond James
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11:50 EDTVMW, EMCEMC-VMware report shows board knows status quo 'not an option,' says Wells Fargo
After Re/code's Arik Hesseldahl reported that EMC's (EMC) board is "actively considering" a downstream merger proposal under which it would be acquired by VMware (VMW), Wells Fargo analyst Maynard Um said he views the most important takeaway to be that the board views maintaining the status quo as "not an option" amid the rapid shift in the industry. Um thinks an EMC buy-in of VMware, which the report contends is the preferred option of EMC CEO Joe Tucci, presents a cleaner path with less variables but says that in either case it "seems clear that something will happen," which he views as a positive.
09:25 EDTEMCOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Abercrombie & Fitch (ANF), down 15.1%... Express (EXPR), up 9.8%... Frontline (FRO), up 10.4%... Chico's FAS (CHS), up 9.3%. ALSO HIGHER: Oshkosh (OSK), up 11.9% after being awarded a $6.7B contract by the U.S. Army... EMC Corporation (EMC), up 5.8% after Re/code reported that the board is considering a VMware (VMW) downstream merger proposal... Google (GOOG), up 4.6% after being upgraded to Conviction Buy from Neutral at Goldman... Ford (F), up 2.4% after Bloomberg reported that the company is considering returning production of Bronco and Ranger to the U.S. NOTABLE: Cameron International (CAM), up 45.4% after announcing that it will be acquired by Schlumberger (SLB). Schlumberger is down 1.9%. LOWER: WisdomTree (WETF), down 3.6% after being downgraded to Sell from Buy at Citi... Transocean (RIG), down 3.4% after proposing to cancel Q3 and Q4 dividends.
08:23 EDTEMC, VMWEMC board 'considering' VMware downstream merger proposal, Re/code reports
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07:01 EDTEMCNimble Storage reported another 'solid' quarter, says Summit Research
Summit Research analyst Srini Nandury called Nimble Storage's (NMBL) quarterly results "solid," highlighting the company's report of strong demand, higher deal sizes and addition of an all-time high 690 new customers. The firm, which said it expects Nimble to gain share from both EMC (EMC) and NetApp (NTAP) "in short order," reiterates its Buy rating and $40 price target on Nimble shares.
August 25, 2015
08:35 EDTVMWExtreme Networks joins VMware NSX partner ecosystem
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August 21, 2015
16:01 EDTEMCOptions Update; August 21, 2015
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August 20, 2015
14:39 EDTEMC, VMWEarnings Watch: Hewlett-Packard reports ahead of company split
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