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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
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October 8, 2014
09:48 EDTEMCHP, EMC still doing work on potential deal, CNBC reports
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09:38 EDTCSCOCisco breakup would not create much value, says Citigroup
Citigroup says its analysis shows that a breakup of Cisco would not create much more value than the current share price. With CEO John Chambers' likely retirement next year, however, Citi thinks the Cisco board is likely to at least entertain the option of a split. The firm sees a low probability of a breakup taking place and keeps a Sell rating on Cisco shares. Citi upped its price target for the stock to $22 from $20.50. Citi's analysis of Cisco follows breakup decisions by HP (HPQ) and JDSU (JDSU) and Bloomberg's report this morning that Symantec (SYMC) is in advanced talks to split into two separate companies. This report corrects the rating on Cisco shares to Sell.
08:55 EDTVMW, EMCEMC 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 EDTVMW, EMCElliott Management urges separation of VMware from EMC
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08:31 EDTEMCElliott Management sends letter to EMC board
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08:08 EDTVMWVMware should be bought ahead of earnings, says Pacific Crest
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07:22 EDTIBMIBM to make renewed push around 'Watson' AI system, FT reports
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06:35 EDTCSCOCisco's reorganization affects up to 25,000 employees, Business Insider reports
Cisco's reorganization of its routing and switching engineering business could affect up to 25,000 employees, reports Business Insider. Citing sources in Silicon Valley, the reorganization involves massive changes for the unit, moving from individual teams to two big overarching teams with one group focused on software and the other on hardware. Due to the changes, sources say a lot of senior employees have begun send out resumes. Reference Link
06:13 EDTMSFTNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
October 7, 2014
12:50 EDTMSFTSamsung aiming for arbitration versus Microsoft, Bloomberg says
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12:45 EDTMSFTMicrosoft near deal to buy text analysis start-up for about $200M, WSJ says
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12:45 EDTMSFTMicrosoft to hold cloud event on October 20
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10:52 EDTMSFTNokia suspends handset production at Chennai facility, Reuters reports
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08:09 EDTEMCHP undisclosed info seen pointing to life in EMC talks, Bloomberg reports
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07:48 EDTMSFT, IBMU.S. Chamber of Commerce to hold a discussion
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07:36 EDTCSCOCisco unlikely to split-up despite speculation, says UBS
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07:03 EDTEMCEMC valuation of $39 per share achievable, says RBC Capital
RBC Capital valued each of EMC's business lines separately following recent spin-offs in the tech space and concluded that fair valuation of $39 per share is achievable. RBC believes shares are positioned to break out of a long held trading range and that now is an appropriate time for the company to look at strategic alternatives with CEO Joe Tucci retiring in February 2015. The firm has an Outperform rating on EMC with a $33 price target.
07:00 EDTMSFTReport says 100K Xbox Ones sold throughout China, Kotaku says
A report from Chinese video games news website 17173 said that Shanghai Media Group vice-president Zhang Dazhong accidentally noted that over 100K Microsoft Xbox One consoles sold throughout China during the first week they were launched, according to Kotaku, citing the report from 17173. Reference Link
06:52 EDTCSCOAruba Networks may be displacing Cisco in some verticals, says RBC Capital
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06:29 EDTIBMIBM, Globalfoundries reignite discussions for chip division, Bloomberg says
IBM and Globalfoundries have restarted discussions for IBM to sell its unprofitable chip production division, according to Bloomberg, citing a person familiar with the matter. The source said that IBM could pay Globalfoundries more than $1B to take over the unit. Reference Link
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