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March 25, 2013
13:41 EDTDELL, VMW, EBAY, INTC, EMCVMware 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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March 25, 2015
10:51 EDTVMWOptions with increasing implied volatility
Options with increasing implied volatility: CLDN CMG CREE AMZN ISRG MAC UA VMW SLXP
10:31 EDTVMWUBS software analyst to hold an analyst/industry conference call
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08:54 EDTEMCNetApp Arista among potential takeover targets for EMC, says RBC Capital
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March 24, 2015
14:53 EDTVMWVMware volatility at low end of historic range
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09:37 EDTINTCHouse Energy & Commerce Committee to hold a hearing
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March 23, 2015
15:36 EDTEMC, VMWEMC announces the Federation Business Data Lake.
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10:00 EDTEMCOn The Fly: Analyst Downgrade Summary
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09:16 EDTEBAYeBay says making 'solid' progress on separation of PayPal
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09:16 EDTEBAYeBay adds two independent directors in preparation for PayPal separation
eBay (EBAY) announced the appointment of two new independent directors in anticipation of completing its previously announced separation of eBay and PayPal. Tony Bates, President of GoPro (GPRO), and Gail McGovern, President and CEO of the American Red Cross, have been appointed to eBay Inc.’s board of directors. eBay also announced that current directors William C. Ford and Richard T. Schlosberg, who have served for 10 years and 11 years, respectively, have advised the company that they do not plan to stand for re-election to the board at the 2015 Annual Meeting. With the appointment of Bates and McGovern, eBay's board currently is comprised of 17 directors, 15 of whom are independent. Following the company’s Annual Meeting, which will be held on May 1, eBay’s board will be comprised of 15 directors, 13 of whom will be independent. Additionally, eBay announced that Jonathan Christodoro has been elected to its board as part of the previously announced standstill agreement with Carl Icahn, the company’s largest active shareholder.
06:40 EDTEMCEMC downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded EMC (EMC) to Neutral to Neutral saying the company is facing increasing pressure from next-gen storage vendors and public cloud providers. Piper notes that it continues to hear Pure Storage and other vendors such as Nimble Storage (NMBL) are making inroads into the installed base of EMC. It cut its price target for shares to $27 from $30. The firm also downgraded NetApp (NTAP) to Neutral this morning for similar reasons, but says EMC has a more defensible position than NetApp.
March 22, 2015
16:42 EDTINTCChip equipment slowdown may not be as bad as first thought, WSJ says
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March 20, 2015
07:24 EDTINTCBroadcom chip renews competition with in-house hardware makers, WSJ says
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March 19, 2015
11:18 EDTEBAYeBay cut to sell by noted analyst on mounting PayPal competition
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10:46 EDTINTCChinese firms using IBM technology in server chips, WSJ says
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10:02 EDTEBAYOn The Fly: Analyst Downgrade Summary
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09:02 EDTINTCIntel, Google, TAG Heuer announce Swiss smartwatch collaboration
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08:40 EDTINTCIntel Capital in talks to invest in Indian streaming service, TechCrunch says
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05:42 EDTEBAYeBay downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Gene Munster downgraded eBay (EBAY) to Underweight, the firm's sell-equivalent rating, saying competition from Google Wallet (GOOG), Apple Pay (AAPL), Facebook (FB) and Samsung will weigh on PayPal's valuation and market share over the next three years. Munster notes shares of eBay are up 12% since the beginning of February due to optimism around the PayPal spin-out. He cut his price target for shares to $49 from $55. The online marketplace and PayPal owner closed yesterday down $1.07 to $58.42.
March 18, 2015
11:24 EDTEBAYeBay falls after Facebook adds friend-to friend payment option
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07:49 EDTEMCSenate Judiciary Committee to hold a hearing
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