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Stock Market & Financial Investment News

News Breaks
August 4, 2014
11:02 EDTVMW, IBM, CSCO, EMC, MSFTVMware 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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June 18, 2015
13:02 EDTMSFTWorldwide wearables market forecast to grow 173.3% in 2015, IDC says
The wearables market maintained its upward trajectory in the first quarter of 2015 as new vendors, including Apple (AAPL), prepared to enter the market. A new forecast from the International Data Corporation, IDC, Worldwide Quarterly Wearable Device Tracker estimates that 72.1M wearable devices will be shipped in 2015, up a strong 173.3% from the 26.4 million units shipped in 2014. Shipment volumes are expected to experience a compound annual growth rate, CAGR, of 42.6% over the five-year forecast period, reaching 155.7M units shipped in 2019. "We expect smart wearables, those capable of running third party apps, to take the lead in 2016," added Ubrani. "Smart wearables like the Apple (AAPL) Watch and Micosoft's (MSFT) Hololens are indicative of an upcoming change in computing, and the transition from basic to smart wearables opens up a slew of opportunities for vendors, app developers, and accessory makers." Other companies that have been mentioned in the wearable tech group include Google (GOOG), GoPro (GPRO) and Fitbit (FIT). Reference Link
11:43 EDTIBMIBM, Sogeti partnering on hybrid cloud development
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09:31 EDTCSCOCisco plans to make $60M investment in India, Economic Times reports
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08:04 EDTMSFTGoogle accelerating pace of cloud product innovation, says Baird
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07:55 EDTCSCONimble Storage downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Nimble Storage (NMBL) to Hold citing the recent appreciation in shares, which the firm attributes to "heightened awareness of acquisition potential." The firm views Nimble as a "nice fit" for Cisco (CSCO), but believes some amount of a takeover premium is priced into the stock. It keeps a $33 price target for shares.
07:26 EDTIBMImperva price target raised to $75 from $59 at Stephens
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06:48 EDTMSFTGoogle, Microsoft, Mozilla announce WebAssembly partnership, TechCrunch says
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06:41 EDTMSFTMicrosoft's Jo Harlow leaves company in realignment, The Verge reports
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06:10 EDTMSFTMicrosoft writedown for Nokia now more likely, says Jefferies
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June 17, 2015
16:12 EDTCSCOCrossroads Systems updates on patent litigation after Markman hearing
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10:11 EDTMSFTMicrosoft aligns engineering team, Chief Insights Officer to leave
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10:10 EDTEMCClusterHQ announces collaboration with EMC
ClusterHQ announced integration between ClusterHQ's Flocker container data management software and EMC's ScaleIO and EMC XtremIO storage solutions. As a result, developers and operations teams can architect and manage storage backends for Docker-based applications. EMC collaborated with ClusterHQ to develop pluggable storage drivers for ScaleIO and XtremIO solutions that enable flexible and portable shared storage for Docker.
09:48 EDTCSCOCisco to invest $10B in China innovation and development
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09:46 EDTMSFTJefferies to hold company meetings at E3 Expo
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08:25 EDTCSCOCisco to participate in a tech talk with SunTrust
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June 16, 2015
19:47 EDTMSFTXbox chief says digital game sales 'really strong,' WSJ reports
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12:04 EDTMSFTBox enhances integration with Microsoft Office Online
Box (BOX) announced a deep integration with Microsoft (MSFT) Office Online that will transform collaboration for joint customers. The company added, "Today’s update extends the reach of Box’s powerful integrations with Office 365 for the desktop, Office on iOS and Outlook, and demonstrates Box’s commitment to the Office 365 Cloud Storage Partner Program." “Box and Microsoft are working together to help businesses and individuals be more productive, collaborative and successful,” said Kirk Koenigsbauer, corporate vice president for Office at Microsoft. “We're thrilled about this latest offering to give our joint customers more choice and simplicity for how they work together with documents and digital content.” The Box integration with Office Online will enable users to easily browse, open and edit Office Online files directly from Box, as well as automatically save all changes made in Office Online back to Box in real-time. Together, these enhancements eliminate the need to upload or download files or move back-and-forth between applications, simplifying workflows and mitigating the security risks that come with locally stored content.
09:46 EDTMSFTMicrosoft to encrypt all search traffic by default
Microsoft's Bing has announced that it will encrypt its search traffic by default. Bing has already been offering users the option to encrypt search traffic for about a year and a half now. Beginning this summer, Bing will begin the process of encrypting search traffic by default. With the move to encrypted search by default Bing will continue to pass along a referrer string so that marketers and webmasters will be able to identify traffic as coming from Bing. However, to further protect users’ privacy, Bing will not include the used query terms. Reference Link
09:36 EDTCSCOActive equity options trading on open
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06:27 EDTMSFTMicrosoft opens branded store on Indian e-commerce platform Snapdeal
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