New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 4, 2014
11:02 EDTVMW, EMC, IBM, MSFT, CSCOVMware seen as takeover candidate if spun from EMC
Shares of VMware (VMW) and EMC (EMC) are advancing after FBR Capital wrote that VMware would become an acquisition target if it is spun off from EMC, as has reportedly been urged by an activist investor. Meanwhile, EMC could take more steps to enhance shareholder value, FBR Capital believes. WHAT'S NEW: After The Wall Street Journal reported that hedge fund Elliott Management would push EMC to spin off VMware, FBR Capital analyst Daniel Ives wrote that he thinks that such a spin-off would make VMware "a top acquisition candidate." Among the potential acquirers of VMware in such a scenario are IBM (IBM), Microsoft (MSFT), and Cisco (CSCO), Ives contended. Furthermore, EMC could consider other measures to enhance shareholder value, including a reduction of the company's stake in VMware and an increase in its dividend and/or share repurchases, Ives believes. Meanwhile, EMC's fundamentals appear healthy, as FBR's checks suggest that the company is poised to capitalize on solid trends this year and beyond, the analyst wrote. He raised his price target on EMC to $35 from $33 and kept an Outperform rating on the shares. WHAT'S NOTABLE: Elliott Management has obtained a stake of over $1B in EMC, The Journal reported on July 21. During its earning conference call on July 23, EMC management said it had heard nothing else from Elliot Management at that point other than the request for a meeting. EMC added, "We are always open and welcome with dialogue with all of our shareholders... and will respectfully listen to them." PRICE ACTION: In mid-morning trading, EMC rose 0.7% to $29.25 and VMware advanced 1.4% to $99.69.
News For VMW;EMC;IBM;MSFT;CSCO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>
October 20, 2014
07:08 EDTIBMIBM sees deal with Globalfoundries closing in 2015
07:08 EDTIBMIBM expects to request additional share repurchase authorization at Oct. meeting
Subscribe for More Information
07:07 EDTIBMIBM reports Q3 Global Services segment revenue down 3% to $13.7B
Revenues from the Software segment were $5.7B. Revenues from continuing operations from the Systems and Technology segment totaled $2.4B. The company’s total gross profit margin from continuing operations was 48.6 percent in the 2014 third-quarter period compared with 49.0 percent in the 2013 third-quarter period. Total operating gross profit margin from continuing operations was 49.2 percent in the 2014 third-quarter compared with 50.1 percent in the 2013 third-quarter period.
07:06 EDTMSFTNICE Systems solution qualified to support Microsoft Lync
Subscribe for More Information
07:06 EDTIBMIBM committed to returning value to shareholders through dividends, repurchases
07:05 EDTIBMIBM reports Q3 EPS $3.68, consensus $4.32
Reports Q3 revenue $22.4B, consensus $23.37B. We are disappointed in our performance. We saw a marked slowdown in September in client buying behavior, and our results also point to the unprecedented pace of change in our industry. While we did not produce the results we expected to achieve, we again performed well in our strategic growth areas – cloud, data and analytics, security, social and mobile - where we continue to shift our business. We will accelerate this transformation,” said Ginni Rometty, IBM chairman, president and CEO.
06:06 EDTIBMIBM sees $4.7B pre-tax charge for Q3 results
IBM will reflect a pre-tax charge of $4.7B in its financial results for Q3, which includes an asset impairment, estimated costs to sell the IBM microelectronics business, and cash consideration to GLOBALFOUNDRIES. Cash consideration of $1.5B is expected to be paid to GLOBALFOUNDRIES by IBM over the next three years. The cash consideration will be adjusted by the amount of working capital which is estimated to be $200M.
06:04 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
Subscribe for More Information
06:02 EDTIBMGLOBALFOUNDRIES to acquire IBM microelectronics business
October 19, 2014
20:41 EDTMSFTMicrosoft plans smartwatch launch within weeks, Forbes says
Microsoft (MSFT) is planning a smart watch launch within the next few weeks, Forbes says.The smart watch will passively keep track of the wearer’s heart rate and work across different mobile platforms, added Forbes. Apple (AAPL) has delayed its own smartwatch launch to early 2015 according to the report. Reference Link
19:59 EDTIBMIBM to pay Globalfoundries $1.5B to take chip unit, Bloomberg reports
Subscribe for More Information
17:42 EDTIBMIBM to make 'major business announcement'
Subscribe for More Information
October 17, 2014
14:24 EDTVMWVMware October weekly volatility elevated into Q3 and outlook
Subscribe for More Information
11:27 EDTMSFTMicrosoft October weekly volatility elevated into Q1 and outlook
Subscribe for More Information
10:00 EDTIBMOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:31 EDTCSCOCisco namnes Bernadette Wightman President of Cisco Cananda
Subscribe for More Information
08:06 EDTCSCOCisco, Sensity Systems announce strategic relationship
Subscribe for More Information
07:33 EDTIBMIBM reinstated with a Neutral at BofA/Merrill
Target $200.
06:30 EDTMSFTNPD: Sony PlayStation4 outsells XBox One in September, GameSpot reports
Subscribe for More Information
06:26 EDTMSFTSony says PS4 September's top-selling console
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use