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Stock Market & Financial Investment News

News Breaks
March 25, 2013
13:41 EDTVMW, EMC, EBAY, DELL, INTCVMware retreats after eBay reportedly pulls software
VMware (VMW) is sinking after Business Insider reported earlier today that eBay (EBAY) would stop using VMWare's software on about 80,000 servers. eBay will replace VMware's software with free, open source software called OpenStack, according to the website, which received the news from a board member of the OpenStack Foundation, Boris Renski. A co-founder of OpenStack consulting company Mirantis, Renski said that Mirantis worked with eBay subsidiary PayPal on the project, the website reported. In mid-afternoon trading, VMware sank $4.25, or 5%, to $75.90.
News For VMW;EMC;EBAY;DELL;INTC From The Last 14 Days
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October 9, 2014
13:37 EDTVMW, EMCCisco may end further investment in VCE JV, CRN reports
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13:29 EDTVMWSeveral suitors interested in acquiring VMware, dealReporter says
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09:38 EDTEBAYActive equity options trading on open
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07:03 EDTINTCIntel quarter to be in-line or modestly better, says Piper Jaffray
Piper Jaffray expects Intel's quarterly results on October 14 to be in-line to modestly above consensus. The firm's channel checks indicate PC demand trends will remain stable into year-end amid solid corporate demand. Piper reiterates an Overweight rating on Intel with a $37 price target.
06:55 EDTEMCAnalyst says PC company likely to get much of HP debt, Re/code reports
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October 8, 2014
16:56 EDTINTCGartner says worldwide PC shipments in Q3 declined 0.5%
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16:26 EDTEBAYOn The Fly: Closing Wrap
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14:46 EDTEMCEMC comments on letter issued by Elliott Management
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12:41 EDTEBAYeBay ChannelAdvisor data confirms company guidance, says Piper Jaffray
Piper Jaffray noted ChannelAdvisor reported eBay's same-store sales grew 8.9% in September, which confirms the company's reiterated guidance when it announced its planned PayPal spin-off. The firm maintains its Neutral rating on eBay.
11:04 EDTEMC, VMWEMC advances after activist letter, report on HP merger talks
Shares of EMC (EMC) are rising slightly in a down market after activist investor Elliott Management disclosed that it wrote in a letter to the company's board that it had heard of "acquisition interest in EMC's assets on the part of several large companies." The firm called on EMC to pursue M&A opportunities and spin off its VMware (VMW) subsidiary. WHAT'S NEW: Since July, several large companies have expressed "acquisition interest" in EMC's assets, Eliiott wrote. Acquisitions of EMC's assets by these companies would be logical from a strategic perspective, the firm added. The parties that have expressed interest could afford to buy all of EMC or a number of its assets, according to Elliott. EMC should look to spin off VMware because owning VMware is holding down the value of EMC's stock and damaging its relationship with its customers, the investor stated. VMware is hurting EMC by competing with EMC's customers, Elliott explained. Elliott Management noted that is affiliates collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC. WHAT'S NOTABLE: HP (HPQ) and EMC are still conducting due diligence on a potential merger, CNBC's David Faber reported this morning, citing sources. A deal is unlikely, but still possible, and would include a buy-in of VMware, Faber added. PRICE ACTION: In mid-morning trading, EMC rose 0.3% to $28.20, VMware slid 0.9% to $90.59 and HP dropped 1.2% to $34.80.
10:00 EDTINTCOn The Fly: Analyst Initiation Summary
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09:53 EDTVMW, EMCHP, EMC still doing due diligence on potential deal, CNBC reports
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09:49 EDTEMCHP, EMC merger unlikely but still possible, CNBC's Faber says
09:48 EDTEMCHP, EMC still doing work on potential deal, CNBC reports
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09:42 EDTEBAYeBay SSS rose 8.9% in September, Amazon SSS up 37.9%, ChannelAdvisor says
Amazon's (AMZN) September SSS rose 37.9%, a decrease compared to August's 45.1%, ChannelAdvisor reported. eBay's (EBAY) September came in at 8.9% up from August's 5.9%, but below the e-commerce growth rate. "This is the first up-tick in eBay SSS since June and indicates that eBay is recovering from the breach and Google issues," ChannelAdvisor stated. Reference Link
08:55 EDTEMC, VMWEMC rises after VMware separation urged by Elliott Management
Shares of EMC Corp. (EMC) are higher in pre-market trading after investor Elliott Management, affiliates of which collectively own or have economic exposure to about 2.2% of the common stock and equivalents of EMC, sent a letter to the company's board detailing the firm's recommendations, including a separation of VMware (VMW) from Core EMC. Shares of EMC are up about 1% to $28.39 following Elliott's public disclosure of its letter to the company's board.
08:54 EDTEMC, VMWElliott Management urges separation of VMware from EMC
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08:31 EDTEMCElliott Management sends letter to EMC board
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08:10 EDTEBAYeBay survey suggests upswing in growth, says RW Baird
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08:08 EDTVMWVMware should be bought ahead of earnings, says Pacific Crest
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