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Stock Market & Financial Investment News

News Breaks
June 30, 2014
08:01 EDTRAX, IBM, CSCORackspace risks have increased, buyer pool has shrunk, says Cowen
Cowen said that the pool of potential buyers for Rackspace (RAX) appears to have shrunk, with at least IBM (IBM) and Cisco (CSCO) indicating they have less interest in a deal in recent weeks. The firm said it still believes Rackspace will be acquired, adding that if it announces it is selling, a deal would be done for at least $43, but if it is not selling the stock could reach as low as $26. Cowen keeps its Outperform rating on Rackspace.
News For RAX;IBM;CSCO From The Last 14 Days
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August 22, 2014
16:42 EDTRAXMarket finishes week higher on economic data, earnings
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16:20 EDTRAXOn The Fly: Closing Wrap
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13:40 EDTRAXRackspace off highs after Re/code says HP has no bid interest
The shares hit an intraday high at $34.75 and have moved lower after a report from Re/code said that HP (HPQ) has no interest in acquiring the company. Shares had moved up on a presumption of that interest. At the current price of $34.01 next support is at $33.17, the session low.
13:12 EDTRAXHP has no interest in acquiring Rackspace, Re/code reports
HP (HPQ) continues to have no interest in acquiring Rackspace (RAX), Arik Hesseldahl of Re/code reports, citing sources with direct knowledge of HP's plans. The move higher today in shares of Rackspace is being attributed to potential takeover interest from HP. Shares are off their highs, but remain up 2% to $33.90 in afternoon trading. Reference Link
13:09 EDTRAXHP has no interest in buying Rackspace, Re/code reports
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10:55 EDTRAXRackspace rallies 3%, or 86c, to $34.24
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10:34 EDTRAXRackspace management to meet with JMP Securities
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07:08 EDTIBMIBM says China bank server business still alive, China Daily reports
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August 21, 2014
11:44 EDTIBMHP hits 52-week high after solid revenue growth, positive analyst commentary
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09:46 EDTRAXRackspace management to meet with JMP Securities
Group luncheon with management will be held in San Francisco on August 21 hosted by JMP Securities.
09:03 EDTIBMIBM cloud technology selected by Wespac
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09:02 EDTIBMIBM's private cloud resilence services selected by Ujjivan Financial
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09:01 EDTIBMIBM partners with Veda
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August 20, 2014
06:26 EDTCSCOCisco COO says annual layoffs 'wrong way to do it,' Business Insider reports
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August 19, 2014
12:45 EDTRAXRackspace advances after Blue Harbour takes activist stake
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12:21 EDTRAXRackspace rises on activist stakes, levels to watch
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11:05 EDTCSCO, IBMImperva seen as takeover candidate under new CEO
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09:07 EDTRAXOn The Fly: Pre-market Movers
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08:42 EDTIBM, CSCOImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
08:35 EDTRAXRackspace may adopt more shareholder friendly structure, says Wells Fargo
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