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April 23, 2014
07:12 EDTEMCEMC lowers 2014 EPS outlook to $1.90 from $1.95, consensus $1.94
Sees 2014 revenue $24.575B, consensus $24.51B. EMC expects to repurchase an aggregate of $2B of the company's common stock in 2014. The company said, "While planned business practice changes had a negative impact on year-over-year revenue and EPS growth in the quarter, we are very confident we are on the right track with our Federation model and technologies. With our strong foothold in Second Platform environments and some of the most exciting IT assets in the industry helping us propel customers to the Third Platform of IT, EMC is well positioned to meet our stated 2014 targets."
News For EMC From The Last 14 Days
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October 8, 2015
09:09 EDTEMCDell in talks to buy EMC for over $27/share, CNBC's Faber reports
Dell is in talks to acquire all of EMC (EMC) for above $27 per share, CNBC's David Faber reports, citing sources. A deal could be one week away, he added. Dell wants to maintain control of VMware (VMW), making EMC's stake in the company part of the deal, Faber told viewers of CNBC. The deal would require $40B in financing, the reporter noted. Shares of EMC are up $1.39 to $27.35 in pre-market trading following Faber's report. The Wall Street Journal last night reported that Dell is in talks to acquire EMC. Many sell-side analysts this morning questioned the validity of the report. Some analysts told investors in research notes that EMC buying Dell is more likely than the reverse. Faber reports that Dell is in talks to buy all of EMC.
09:03 EDTEMCDell wants to maintain control of VMware, CNBC's Faber says
09:03 EDTEMCDell in talks to acquire EMC above $27/share, CNBC's Faber reports
08:40 EDTEMCJPMorgan says EMC buying Dell more likely than reverse
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08:31 EDTEMCDell 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 EDTEMCDell 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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06:09 EDTEMCEMC volatility up into report of merger talks with Dell
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05:58 EDTEMCOptions 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 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 EDTEMCEMC'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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