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Stock Market & Financial Investment News

News Breaks
July 15, 2014
08:53 EDTVMW, CHA, SFTBFVMware announces partnerships with China Telecom, Softbank
VMware (VMW) announced in a corporate blog post the expansion of its hybrid cloud service footprint into the Asia-Pacific region through two partnerships in Japan and China. This week in Japan, at SoftBank World, the company and Softbank (SFTBF) will announce a new joint venture between the companies to launch VMware vCloud Hybrid Service in Asia. This service is already available to clients in Japan as a private beta today and will become generally available in Q4 of this year, VMware stated. Also this week in China, China Telecom (CHA) executives announced plans to build a hybrid cloud service in Beijing based on VMware hybrid cloud technology. The new service, to be operated by China Telecom, as CT E-surfing Hybrid Cloud Services, is expected to deliver hybrid cloud offerings such as Infrastructure as a Service, Disaster Recovery as a Service and Desktop as a Service. Reference Link
News For VMW;CHA;SFTBF From The Last 14 Days
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September 16, 2014
10:52 EDTCHAApple, China Mobile trade lower as iPhone 6 unlikely to debut in China this year
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09:25 EDTCHAOn The Fly: Pre-market Movers
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09:13 EDTCHAApple may need to wait until 2015 to launch iPhone 6 in China, Bloomberg says
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07:31 EDTSFTBFSoftbank, Yahoo poised to profit from record Alibaba IPO, WSJ reports
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September 15, 2014
14:28 EDTSFTBFAmerica Movil shopping $17.5B of assets to AT&T, others, Bloomberg says
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13:58 EDTSFTBFAmerica Movil solicits bid from AT&T for assets in Mexico, Bloomberg says
America Movil (AMX, AMOV) has also pitched the assets to Softbank (SFTBF) and BCE (BCE), according to Bloomberg.
September 12, 2014
12:33 EDTSFTBFBlackstone, Bain speak to banks on possible Weather Channel sale, Bloomberg says
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September 11, 2014
13:37 EDTVMWEMC 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 EDTVMWEMC sale of VMware stake would be sub-optimal, says Wells Fargo
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13:20 EDTVMWEMC not considering selling VMware stake, Reuters reports
11:17 EDTVMWEMC 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 EDTVMWUBS 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.
09:20 EDTVMWVMware to host conference call
Management discusses what's new at the company on a conference call to be held on September 11 at 10 am. Webcast Link
07:07 EDTVMWEMC to explore selling VMware stake, NY Post reports
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September 10, 2014
10:00 EDTVMWOn The Fly: Analyst Initiation Summary
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September 9, 2014
19:39 EDTVMWVMware initiated with a Buy at Maxim
Target $120.00.
05:36 EDTVMWVMware, Capgemini announce strategic partnership
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September 4, 2014
11:20 EDTVMWStocks with increasing options volume
Stocks with increasing options volume: BP VMW SCTY X GE MBLY VALE DDD
06:51 EDTCHAApple's iPhone 6 subsidies unlikely to be cut in China, WantChinaTimes says
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September 3, 2014
08:34 EDTSFTBFVodafone speculated as takeover target for Softbank, Nikkei says
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