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Stock Market & Financial Investment News

News Breaks
July 10, 2014
09:13 EDTWDC, HPQ, STXHP Western Digital Seagate to benefit from PC rebound, says RBC Capital
After Gartner estimated that PC sales were flat year-over-year in Q2, RBC Capital believes that PC shipments are rebounding and predicts that PC demand will continue to improve going forward. The firm says that HP (HPQ), Western Digital (WDC) and Seagate (STX) are the most notable beneficiaries of this trend. It keeps Outperform ratings on Seagate and Western Digital and a Sector Perform rating on Hewlett-Packard.
News For HPQ;WDC;STX From The Last 14 Days
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September 15, 2014
07:19 EDTSTX, HPQSNIA to hold a conference
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September 12, 2014
15:29 EDTHPQHP exploring sale of Snapfish photo service, Reuters reports
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15:26 EDTHPQHP exploring sale of Snapfish photo service, Reuters reports
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12:59 EDTSTXSeagate price target raised to $65 at FBN Securities after FY17 guidance issued
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10:10 EDTSTXSeagate raises September quarter view at analyst day, says Brean Capital
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05:45 EDTSTXSeagate to host conference call
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September 11, 2014
18:30 EDTHPQHP, Russia plead guilty, sentenced for bribing Russian government officials
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16:10 EDTHPQHP acquires open source cloud software maker Eucalyptus
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11:17 EDTHPQEMC 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.
10:30 EDTHPQUBS 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 EDTHPQEMC to explore selling VMware stake, NY Post reports
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September 10, 2014
08:31 EDTHPQRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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08:02 EDTSTXSeagate says has shipped 10 millionth solid state hybrid hard drive
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September 9, 2014
14:04 EDTHPQHP price target raised to $43 from $40 at Argus
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07:17 EDTHPQThe Wireless Association to hold a conference
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September 8, 2014
14:30 EDTSTXSeagate volatility low into strategic update
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September 5, 2014
11:39 EDTHPQIntel launches Core M processor, available Holiday 2014
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06:43 EDTHPQHP considered pulling out of Autonomy deal, FT reports
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September 4, 2014
16:28 EDTHPQPMC-Sierra licenses HP Smart Array intellectual property
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09:06 EDTHPQHP, Intel, Dell announce creation of Redfish industry standard
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