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Stock Market & Financial Investment News

News Breaks
January 29, 2014
06:59 EDTEMCEMC reports Q4 EPS 60c, consensus 59c
Reports Q4 revenue $6.68B, consensus $6.63B.
News For EMC From The Last 14 Days
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July 7, 2015
13:19 EDTEMCEMC's Syncplicity business to be acquired by Skyview Capital
Skyview Capital announced that it has entered into a definitive agreement to acquire the Syncplicity enterprise file sync and share business from EMC. EMC will retain a financial interest in Syncplicity. Syncplicity is a leading, enterprise-grade online file sharing and mobile collaboration solution that provides users with experience and tools they desire and gives IT the security and control it needs. Unlike other solutions that force users to store all information in the cloud, Syncplicity gives organizations unmatched flexibility through its hybrid approach. With Syncplicity, IT departments can create rules based on user, group or folder policy to determine whether files should be stored in the cloud or in an on-premise storage array.The transaction is subject to customary closing conditions and is expected to close this month. Specific terms of the transaction are confidential.
10:39 EDTEMCEMC looks to sell controlling stake in Syncplicity unit, Bloomberg says
EMC is planning to divest control of its online file-sharing business Syncplicity to Skyview Capital as the company does not see the division as crucial to its core business, says Bloomberg. EMC will continue to hold a minority stake in Syncplicity which competes with cloud startup Box (BOX), added Bloomberg. Reference Link
June 29, 2015
10:02 EDTEMCHP 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.

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