|July 29, 2014|
|07:31 EDT||EMC, VMW||EMC shareholders unlikely to endorse break up, says UBS|
UBS believes shareholders of EMC Corp (EMC) are unlikely to endorse a break up of the company as proposed by Elliott Management. The firm feels that both EMC and VMware (VMW) have been run independently and that EMC has not underperformed by as much as investors believe. UBS raised its price target on EMC to $33 from $32 and keeps its Buy rating on the stock.
News For EMC;VMW From The Last 14 Days
|July 1, 2015|
|05:57 EDT||VMW||VMware, Carahsoft pay $75.5M to settle claims of overcharging government|
VMware and Carahsoft Technology Corporation yesterday agreed to pay $75.5M to resolve allegations that they violated the False Claims Act by misrepresenting their commercial pricing practices and overcharging the government on VMware software products and related services, the Department of Justice announced. VMware is a Delaware corporation that specializes in computer virtualization software and has its principal place of business in Palo Alto, California. Carahsoft is a privately held Maryland corporation that distributes information technology products to federal, state and local governments and has its principal place of business in Reston, Virginia. The settlement resolves allegations that VMware and Carahsoft made false statements to the government in connection with the sale of VMware products and services under Carahsoft’s MAS contract. These false statements allegedly concealed the companies’ commercial pricing practices and enabled the companies to overcharge the government for VMware’s products and services from 2007 through 2013. The civil settlement resolves a lawsuit filed under the whistleblower provision of the False Claims Act, which permits private parties to file suit on behalf of the United States for false claims and obtain a portion of the government’s recovery. The civil lawsuit was filed in the Eastern District of Virginia by Dane Smith, who is a former vice president of the Americas at VMware Inc. Smith’s share of the recovery has not been determined.
|June 29, 2015|
|10:02 EDT||EMC, VMW||HP deal for EMC 'more than a distinct possibility,' says Raymond James|
Noting that shares of both HP (HPQ) and EMC (EMC) have been stagnant, Raymond James analyst Brian Alexander repeated that he believes shareholders of both would earn substantial returns from a deal between the two and that he thinks an HP acquisition of EMC is "more than a distinct possibility." Alexander previously said in a note to investors on June 4 that he believed HP will ultimately buy EMC, including VMware (VMW). Assuming EMC is acquired for $32-$34 at various combinations of debt/stock, accretion for HP ranges from 39%-52%, Alexander calculates. Raymond James has a Market Perform rating on HP, a Strong Buy rating on EMC and an Outperform rating on VMware.
|June 25, 2015|
|12:59 EDT||VMW||Options with increasing implied volatility|
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|June 24, 2015|
|11:16 EDT||VMW||Options with increasing implied volatility|
Options with increasing implied volatility: WMB AMZN CMG BIIB VMW QLIK ISRG FB UA FFIV
|10:00 EDT||VMW||On The Fly: Analyst Upgrade Summary |
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|07:57 EDT||VMW||VMware upgraded to Conviction Buy from Buy at Goldman|
Goldman added VMware to the Conviction Buy List and maintained its $102 price target. The firm believes VMware will benefit from improving execution, accelerating cash flow, ELA renewals, and growth from expanded product adoption and gains in emerging areas.
|June 23, 2015|
|11:00 EDT||VMW||Options with increasing implied volatility|
Options with increasing implied volatility:TRIP WPZ CMG BIIB WMB AMZN ISRG VMW
|June 17, 2015|
|10:10 EDT||EMC||ClusterHQ announces collaboration with EMC |
ClusterHQ announced integration between ClusterHQ's Flocker container data management software and EMC's ScaleIO and EMC XtremIO storage solutions. As a result, developers and operations teams can architect and manage storage backends for Docker-based applications. EMC collaborated with ClusterHQ to develop pluggable storage drivers for ScaleIO and XtremIO solutions that enable flexible and portable shared storage for Docker.