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Stock Market & Financial Investment News

News Breaks
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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September 19, 2014
05:58 EDTEMCStocks with implied volatility above IV index mean; EMC BWP
Stocks with implied volatility top IV index mean; EMC (EMC) 22, Boardwalk Pipeline (BWP) 35 according to iVolatility.
September 18, 2014
12:58 EDTEMCEarnings Preview: Morgan Stanley views Oracle's Q1, Q2 estimates as 'achievable'
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September 16, 2014
09:05 EDTEMCEMC selects ADP for human capital management
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September 15, 2014
07:19 EDTEMCSNIA to hold a conference
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September 11, 2014
13:37 EDTEMCEMC not considering VMware stake sale, Reuters says
EMC (EMC) is not exploring a sale of its majority stake in VMware (VMW), a source familiar with the parent company's thinking told Reuters, refuting an earlier New York Post report that EMC had relented to pressure from Paul Singer's Elliott Management and was weighing an exit from its VMware stake. Reference Link
13:36 EDTEMCEMC sale of VMware stake would be sub-optimal, says Wells Fargo
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13:20 EDTEMCEMC not considering selling VMware stake, Reuters reports
11:17 EDTEMCEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:41 EDTEMCEMC volatility at low end of historic range
EMC September call option implied volatility is at 18, October is at 20, November is at 21, April is at 20; compared to its 26-week average of 21 according to Track Data, suggesting non-directional price movement on UBS sees increasing likelihood of change at EMC.
10:30 EDTEMCUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
07:07 EDTEMCEMC to explore selling VMware stake, NY Post reports
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September 9, 2014
07:05 EDTEMCEMC Corporation to hold a summit
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05:36 EDTEMCVMware, Capgemini announce strategic partnership
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September 8, 2014
08:45 EDTEMCNimble Storage, Arista, CommVault recommnded on M&A at Pacific Crest
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