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November 11, 2015
08:15 EDTVMWExecutives' Club of Chicago to hold a discussion
The Executives' Club of Chicago holds their Business Technology Leadership Forum entitled, "Safeguarding Your Business: The Impact of Growing Cyber Threats" with Kevin Novak, CISO of Northern Trust, Tom Corn, SVP of VMware, Richard Rushing, CIO of Motorola Mobility and Kevin Richards, Managing Director of Accenture in Chicago on November 11 at 7 pm.
06:32 EDTVMWEMC downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Maynard Um downgraded EMC (EMC) to Market Perform and cut his price target range for shares to $25-$28 from $29-$30. The closed yesterday down 58c to $25.25. The analyst says valuing the proposed tracking stock proposed by Dell is a "significant challenge." Um also highlights yesterday's report by Re/code's Arik Hesseldahl which noted EMC's merger with Dell could be complicated or derailed by potential tax issues. Disruption from the deal could have an adverse impact on EMC's business, the analyst argues. Um believes there could still be "wide range of potential outcomes" regarding the planned EMC, Dell merger, and views the ideal scenario as selling off assets or spinning off Pivotal in early 2016 coupled with a buy-in of VMware (VMW).
06:19 EDTGOOGAppNexus talks to Goldman, other banks about IPO plans, Business Insider reports
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05:53 EDTQCOMStocks with implied volatility below IV index mean; QCOM TRIP
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