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News Breaks
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November 23, 2009
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| 20:40 EDT |  | EMC |
| theflyonthewall.com: | Three EMC insiders sold about two million shares, Barron's reports | | EMC (EMC) shares have run up 48% over the past six months, as consumers have been shelling out money for storage devices rather than for new computers or servers, allowing insiders to sell millions in shares. John R. Egan, an EMC director, sold 200,000 shares for $3.5M, or an average price of $17.37 each, on Nov. 18. After the sale, he held 1.9M shares directly and indirectly and about 100,000 exercisable options. Egan's stake remains far less than 1% of the company's outstanding shares. On the same day, Arthur W. Coviello, an executive vice president and head of the security division at EMC, sold 15,000 directly held shares for $253,900, and exercised options and sold 50,000 of those shares for $846,200. Howard D. Elias, president and COO of information infrastructure and cloud services, sold 33,000 shares for $566,000, also on Nov. 18. An EMC spokesman says the company's officers regularly diversify and balance their personal portfolios as they see appropriate. Officers are subject to stock ownership guidelines requiring them to retain a certain amount of their EMC holdings and to sell within designated windows, one of which is occurring now, he adds. Jonathan Moreland, director of research at InsiderInsights.com, says it's difficult to read much into selling patterns like these because EMC insiders have a track record of selling early. They tend to sell when the stock is rising and hold when the stock is falling, Moreland says. "Storage has been a traditionally hot sector. It's very difficult to short EMC with this information because you don't know how much more the stock might rise," he says. Reference Link :theflyonthewall.com |
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February 8, 2012
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| 09:05 EDT |  | EMC |
| | 07:36 EDT |  | EMC |
| | 06:12 EDT | | EMC |
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February 7, 2012
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| 16:51 EDT |  | EMC |
| theflyonthewall.com: | On The Fly: Closing Wrap | | Stocks on Wall Street were higher, as the market waits another day for Greece to reach a deal that will allow it to get its much needed financial aid. Stock futures were lower throughout the pre-market trading session as investors remained nervous without a Greek debt deal in place. The futures action led to a lower open for the broader market but the losses were moderate. The market drifted off its lows following comments from Fed Chairman Bernanke to the Senate Banking Committee in which he reiterated that interest rates would remain low through 2014. The averages crossed into positive territory and continued to drift while remaining in a narrow range... ECONOMIC EVENTS: Domestically, the Fed reported that consumer credit rose by $19.3B in December. From Europe, reports early in the day said that Greek politicians had drafted an agreement on austerity measures that will allow the country to get its next bailout payment, but later reports said that a meeting on the deal was postponed to tomorrow... MARKET NEWS: Coca-Cola's (KO) Q4 earnings fell from the same quarter last year but its adjusted EPS topped expectations, sending shares higher and buoying the Dow... Xstrata (XSRAY) agreed to be acquired by Glencore in a share swap that values the miner at $61.9B. The company also reported earnings and revenue that beat Street estimates... MAJOR MOVERS: Notable gainers included Coinstar (CSTR), up $6.97, or 13.79%, to $57.53, after its Q4 results surprised to the upside and the company agreed to buy assets of NCR's (NCR) entertainment business for $100M, and Standard Pacific (SPF), up 62c, or 15.31%, to $4.67, on better than expected earnings. Among the noteworthy losers were Nevsun Resources (NSU), down $1.94, or 30.60%, to $4.40, after its 2012 production guidance disappointed, and Fusion-io (FIO), down $1.70, or 6.88%, to $23.02, as Craig-Hallum reiterated its Sell rating but Lazard Capital said it expects no meaningful change to Fusion-io's near-term revenue trajectory as a result of a competing product introduction from EMC (EMC)... INDICES: The Dow gained 33.07, or 0.26%, to 12,878.20; the Nasdaq added 2.09, or 0.07%, to 2,904.08; and the S&P 500 rose 2.72, or 0.20%, to 1,347.05. :theflyonthewall.com |
| | 10:39 EDT |  | EMC |
| | 09:20 EDT | | EMC |
| | 09:04 EDT | | EMC |
| theflyonthewall.com: | EMC Isilon chosen by Jaguar Land Rover to drive its simulation operations | | EMC announced that Jaguar Land Rover, or JLR, the U.K.'s largest manufacturer of premium vehicles, has deployed EMC Isilon scale-out NAS to simplify storage for its Big Data capacity and performance. The demand for new products in shorter timeframes whilst reducing dependency on physical testing had put pressure on JLR engineers to improve and streamline virtual simulation processes and deliver actionable analysis to the manufacturing teams. :theflyonthewall.com |
| | 08:40 EDT | | EMC |
| | 08:19 EDT | | EMC |
| | 07:14 EDT | | EMC |
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February 6, 2012
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| 12:20 EDT | | EMC |
| | 09:06 EDT | | EMC |
| theflyonthewall.com: | EMC FAST technology shipped with over one exabyte of EMC storage | | EMC Corp. announced that the company's industry-leading EMC FAST technology, which was first introduced to the market in January 2010, has already shipped with 1.3 Exabytes of information on EMC storage solutions and represents one of EMC's fastest-growing storage software products. :theflyonthewall.com |
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February 1, 2012
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| 15:20 EDT | | EMC |
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January 26, 2012
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| 09:12 EDT | | EMC |
| theflyonthewall.com: | EMC's VNX Unified Storage chosen by Nexica | | EMC announced that Nexica, a Spanish provider of ICT infrastructure managed services including cloud computing and critical application hosting, has selected EMC VNX unified storage, together with Cisco UCS and VMware virtualization and cloud infrastructure technologies, to power its newly launched public cloud services for its exceptional performance, efficiency, simplicity and data protection. :theflyonthewall.com |
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