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Stock Market & Financial Investment News

News Breaks
July 23, 2014
08:06 EDTVMWVMware upgraded at CLSA
As previously reported, CLSA upgraded VMware to Buy from Outperform. The firm upgraded shares after the Q2 report citing expectations for solid growth, new product introductions, and the potential spin-off from EMC (EMC) following recent actions by Elliott Management. Price target is $115.
News For VMW From The Last 14 Days
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September 28, 2014
20:10 EDTVMWEMC buyout rumors could be good for VMware, Barron's says
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September 24, 2014
11:42 EDTVMWMobileiron advances after analyst sees easing competition
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September 23, 2014
06:33 EDTVMWHP was primarily interested in EMC's VMware stake, Re/code reports
HP (HPQ) was interested in merging with EMC (EMC) primarily due to the latter company's 80% stake in VMware (VMW), according to Re/code, which cited unnamed sources. The deal discussed between HP and EMC was an all-stock transaction that would have created a combined company worth about $130B, Re/code stated. Reference Link
September 22, 2014
13:02 EDTVMWEMC exploring options ahead of CEO retirement, Bloomberg reports
EMC (EMC) is exploring strategic options ahead of the 2015 retirement of its CEO Joseph Tucci, Bloomberg reports, citing people familiar with the discussions. The options could include a full or partial sale, or a spinoff of VMware (VMW), Bloomberg added, citing sources.
12:50 EDTVMWEMC jumps after reports detail takeover talks
The shares of cloud application provider EMC (EMC) are rising in a down market after Wall Street Journal reported that the company had held talks about selling itself to HP (HPQ) and Dell. WHAT'S NEW: EMC held on-and-off merger talks with HP for almost a year, but those talks have ended, Wall Street Journal reported today. Dell also held talks with EMC about a takeover, the newspaper added. According to a CNBC’s David Faber, the takeover talks between HP and EMC went on for months, but the two sides couldn't agree on a price, as EMC wanted HP to pay a large premium to its stock price. Tiernan Ray of Barron's added today that the takeover talks between the companies could resume, citing a source. WHAT'S NOTABLE: The New York Post reported on September 11 that EMC was considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW). UBS analyst Steven Milunovich responded to The Post's report by writing on the same day that EMC had become a potential takeover target itself. HP, Oracle (ORCL) and Cisco (CSCO) could buy EMC, the analyst wrote. PRICE ACTION: In early afternoon trading, EMC added 1% to $30, while VMware added 1% to $95.
September 18, 2014
12:58 EDTVMWEarnings Preview: Morgan Stanley views Oracle's Q1, Q2 estimates as 'achievable'
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