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Stock Market & Financial Investment News

News Breaks
March 24, 2014
09:03 EDTVMWVMware price target raised to $126 from $97 at Sterne Agee
Sterne Agee raised its price target on VMware as the firm is more confident in the company's strategy after conducting checks. Sterne expects the company's licensing fee growth to be over 15% for the next several years. It keeps a Buy rating on the shares.
News For VMW From The Last 14 Days
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October 17, 2014
14:24 EDTVMWVMware October weekly volatility elevated into Q3 and outlook
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October 16, 2014
08:34 EDTVMWVMware and Jasper announce collaboration to streamline enterprise adoption
VMware and Jasper announced a collaboration to make it easy for enterprises to deploy, monitor, manage and secure connected devices across the Internet of Things and enterprise mobility management. The collaboration between VMware and Jasper will aim to give organizations broader control and visibility over their connected devices in the enterprise, and enables them to make smarter, real-time operational decisions. The collaborations are set to be available in 2015.
October 14, 2014
05:51 EDTVMWBrocade announces collaboration with VMware
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October 9, 2014
13:39 EDTVMWCisco denies rumors that it will stop investing in VCE JV, The Register reports
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13:37 EDTVMWCisco 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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October 8, 2014
11:04 EDTVMWEMC 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.
09:53 EDTVMWHP, EMC still doing due diligence on potential deal, CNBC reports
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08:55 EDTVMWEMC 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 EDTVMWElliott Management urges separation of VMware from EMC
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08:08 EDTVMWVMware should be bought ahead of earnings, says Pacific Crest
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