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May 23, 2014
15:18 EDTIBM, NTAPIBM to stop reselling NetApp storage, focus on own devices, Bloomberg says
Bloomberg cites an IBM (IBM) memo on the decision on NetApp (NTAP).
News For NTAP;IBM From The Last 14 Days
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October 12, 2015
06:13 EDTIBMEMC plans to shop itself after Dell deal, Reuters reports
EMC (EMC) has asked that a "go shop" provision be added to the reported merger deal with Dell, sources tell Reuters. The sources say IBM (IBM), HP (HPQ) and Cisco (CSCO) could be potential suitors for EMC, but the chances of a rival offer "are slim." Reference Link
06:03 EDTNTAPNetApp upgraded to Outperform from Neutral at Baird
Baird analyst Jayson Noland upgraded NetApp (NTAP) to Outperform saying an attractive situation is lined up for the company amid low investor sentiment and reports of industry consolidation. NetApp could be viewed as a key asset with EMC (EMC) and Dell potentially merging and Juniper (JNPR) reportedly hiring bankers to sell the company, Noland tells investors in a research note. Further, his field work indicates NetApp is viewed as the number two best positioned legacy storage provider behind EMC. Noland raised his price target for shares to $40 from $35. NetApp closed Friday up 89c to $33.16.
October 10, 2015
17:03 EDTIBMMerge Healthcare to host special shareholder meeting
Special Shareholder Meeting to approve the merger of Merge Healthcare and IBM whereby Merge Healthcare becomes a wholly-owned subsidiary of IBM is being held in Chicago on October 13 at 11 am.
October 9, 2015
17:35 EDTNTAPNetApp recommends shareholders reject 'mini-tender' offer by TRC Capital
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October 8, 2015
11:43 EDTIBMIBM October weekly options active
IBM October weekly 152.5 and 155 calls are active on total call volume of 11K contracts (4K puts) on speculation an activist investor has taken a stake. October weekly call option implied volatility is at 25, October and November is at 21; compared to its 52-week range of 14 to 31. Active call volume suggests traders taking positions for price movement.
11:26 EDTIBMRumor: IBM moves higher on speculation an activist investor has taken a stake
10:14 EDTIBMThomson Reuters, IBM partner to deliver Watson computing technology
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09:50 EDTNTAPAnalysts doubt Dell buys EMC despite media reports
Shares of IT services and software company EMC (EMC) are moving higher in early trading amid conflicting reports regarding M&A talks between the company and Dell, which is privately owned by founder Michael Dell and private-equity partner Silver Lake. Analysts weighing in on the potential for a deal generally expressed doubt that a takeover is likely, but agree that some alternate deal may make sense and could be struck between the two. CONFLICTING REPORTS: Last night, Liz Hoffman, Dana Mattioli and Joann Lublin of The Wall Street Journal reported that Dell and Silver Lake are in "advanced talks" to buy EMC, noting that one source indicated the deal being discussed calls for the buyers to spin off EMC's VMware (VMW) unit. Then, Re/code's Arik Hesseldahl reported that EMC has approached Dell in recent weeks about selling its VNX data storage business to the private technology company. The tech reporter, who has frequently reported on EMC and VMware in the past, contended that acquiring a unit would make more logical and financial sense for Dell than buying all of EMC. However, CNBC's David Faber subsequently contended, in keeping with the Journal, that Dell is in talks to acquire all of EMC for "above $27 per share," adding that a deal could be announced as soon as one week from now. ANALYST TAKES: Jefferies analyst James Kisner thinks a Dell/EMC combination makes sense if EMC were to buy Dell or the two were to merge. However, he thinks EMC going private or Dell buying EMC is not likely given EMC's size and his view that a VMware 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 told investors in a research note. JPMorgan analyst Rod Hall agrees that a takeout of EMC by Dell does not make a lot of sense given the relative sizes of the two companies and the likely desire of Michael Dell and Silver Lake to exit their investments. EMC buying Dell is more likely, Hall told investors in his own research note. The analyst views the combination of EMC's storage business with Dell's 20% share of the server market as "strategically logical," however. He also views the potential Dell, EMC tie-up as negative for HP Enterprise. Analysts at Oppenheimer were also cautious about a full merger between the companies, partly because the firm 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). WHAT'S NOTABLE: Elliott Management, which is pushing EMC to break up, is planning to give EMC most of October to answer its demands after a standstill agreement expired, Reuters reported on October 1, citing people familiar with the matter. Elliott hopes that the additional time will allow the data storage company to create a response that could avoid a bruising activist campaign, the report stated, adding that Elliott plans to keep quiet until October 21, when EMC is scheduled to report Q3 earnings. PRICE ACTION: In early trading soon after the opening bell, EMC shares gained 3.6% to $26.93, while VMware fell 3.7% to $79.05 and HP was flat near $28 per share.
08:31 EDTNTAPDell 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.
06:59 EDTNTAPEMC, Dell deal could boost infrastructure valuations, says William Blair
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05:58 EDTIBMOptions expected to be active: EMC VMW IBM HPQ ORCL AA DB LL
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October 6, 2015
15:25 EDTIBMAmazon cloud announcement unlikely to sink Splunk, analysts say
Amazon (AMZN) appears to be signaling an expanded presence in cloud-based data analytics, sending shares of incumbents in the space lower and prompting several analysts to weigh in on the e-commerce giant's potential impact. AMAZON CLOUD: Amazon is expected to announce a new "big data" analytics addition to Amazon Web Services, according to an October 4 Wall Street Journal report. The article follows the launch last week of Amazon Elasticsearch, adding further data crunching capabilities to the company's cloud computing platform. Commenting on the news, William Blair analyst Bhavan Suri said that Splunk (SPLK) investor concerns over Amazon are overblown. Elasticsearch is likely to remain primarily a document search platform rather than a direct competitor to Splunk's offerings, while Amazon's expected analytics announcement looks more likely to challenge Tableau (DATA) and Qlik (QLIK), the analyst argues. Meanwhile, FBR analyst Daniel Ives said that a tangential move into the data analytics space "makes a ton of strategic and financial sense" for Amazon, as the market is only about 10% penetrated despite aggressive expansion from Microstrategy (MSTR), IBM (IBM), Microsoft (MSFT), SAP (SAP), and others. That said, Ives cautioned that Amazon's ability to again disrupt the cloud space with this latest entry appear limited in the near term, with many companies already showing preference for pure-play analytics firms. Amazon may ultimately have to make a larger acquisition by picking up a Qlik, Tableau, or Splunk to gain traction, the analyst contended. PRICE ACTION: Splunk shares are down fractionally in afternoon trading after some earlier volatility, while Tableau and Qlik are showing respective losses of roughly 3.14% and 1.86%.
October 5, 2015
09:36 EDTIBMIBM agrees to acquire Cleversafe
IBM announced it has entered into a definitive agreement to acquire Cleversafe, a developer and manufacturer of object-based storage software and appliances. The acquisition aims to strengthen IBM's leadership positions in storage and hybrid cloud and support clients' drive to next generation mobile, social and analytics applications. Financial terms of the deal were not disclosed. Once the deal closes, IBM will integrate the Cleversafe portfolio into its IBM Cloud business unit to give clients strategic data flexibility, simplified management, and consistency with on-premise, cloud, and hybrid cloud deployment options.
07:19 EDTIBMOpen Mobile Media to hold a summit
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October 2, 2015
09:38 EDTIBMIBM set to test 52-week low
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September 30, 2015
13:17 EDTIBMIBM, Box announce four solutions under strategic partnership.
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11:29 EDTIBMAnalyst 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 EDTIBMJefferies more positive on EMC, more negative on IBM
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08:03 EDTIBMWest Pharmaceutical appoints Annette Favorite to Chief Human Resources Officer
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September 29, 2015
13:32 EDTIBMIBM to create 120 positions across Ireland, Independent says
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