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Carl Icahn Doubles Down On Dell Technologies: 'One Of The Best Opportunities I Have Ever Seen'
Monday, October 15, 2018 - 3:25pm | 606Activist investor Carl Icahn said Monday in an open letter that his investment firm Icahn Enterprises LP (NASDAQ: IEP) now owns an 8.3-percent stake in Dell Technologies Inc (NASDAQ: DVMT), the tracking stock of VMware and Dell. Icahn is against Dell's proposed $21.7-billion — or $92...
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Barron's Picks And Pans: Apple, Dell, Netflix, Wells Fargo And More
Saturday, October 13, 2018 - 12:43pm | 718This weekend's Barron's cover story shows why there is no need to panic after last week's market rout. Other featured articles look at who will and will not benefit from rising rates, and why tech stocks are likely to rebound. Also, the prospects for tech earnings and five mutual funds...
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Susquehanna Downgrades Nutanix, Projects Profitability — In 2022
Monday, September 24, 2018 - 12:20pm | 422Nutanix Inc. (NASDAQ: NTNX) was hit with a downgrade Monday, with Susquehanna citing increased competition and a hazy reception to its subscription model. The Analyst Susquehanna analyst Mehdi Hosseini downgraded Nutanix from Neutral to Negative and lowered the price target from $55 to $33. The...
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Dell Returns To The Public Markets With Stock Conversion Funded By VMware Dividend
Monday, July 2, 2018 - 10:23am | 392Monday’s a good day for just about any investor with a Dell connection. What Happened Dell Technologies Inc (NYSE: DVMT) announced Monday that a committee representing Class V common stockholders approved the conversion of their tracking shares into Class C common stock or cash. The new Class...
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The Dell, Dell Technologies And VMWare Family Tree
Friday, February 2, 2018 - 1:23pm | 976Dell confirmed in a Friday SEC filing that it's considering a reverse merger with VMware, Inc. (NYSE: VMW) or an IPO. The first reports of the talks sent shares of VMware into a tailspin Monday. VMware stock shed 16.46 percent to $125.05 and was trading at $125.70 at the time of...
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Dell Reportedly Exploring Reverse Merger With VMWare, Potential IPO
Monday, January 29, 2018 - 2:06pm | 300Dell Inc. is reviewing strategic alternatives including an initial public offering or a some form of a merger with VMware, Inc. (NYSE: VMW), according to Monday reports. The Wall Street Journal said Dell is in early stage discussions with VMware, a cloud infrastructure company with a $55.7-billion...
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Michael Dell's Relationship With Shareholders: It's Complicated
Sunday, August 6, 2017 - 3:43pm | 779When it comes to relationships, it doesn’t get more complicated than the one between Dell Technologies Inc (NYSE: DVMT) founder and CEO Michael Dell and the company’s shareholders. With more than $61 billion in 2016 revenue, Dell remains one of the largest technology companies in the...
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What's Going Down At The Allen & Company Sun Valley Conference
Thursday, July 13, 2017 - 2:32pm | 1139The Allen & Company Sun Valley Conference is at the halfway mark and dozens of the world’s most influential people have three days left to forge relationships and make deals in comfort and secrecy. The week-long conference is hosted and wholly funded by Allen & Company, a private...
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Smart Move: VMware Now Looking To Partner, Rather Than Compete, With The Public Cloud
Wednesday, May 31, 2017 - 1:45pm | 372Thanks to a shift in strategy, VMware, Inc. (NYSE: VMW) has been upgraded by Baird analyst Jayson Noland to Outperform, with a price target raised from $90 to $115. “We aren't making a call on the quarter, but we believe VMware is better strategically positioned now than in years,”...
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Nutanix Shares 'Attractively Valued' Heading Into Q3 Report
Wednesday, May 24, 2017 - 8:19am | 333Nutanix Inc (NASDAQ: NTNX) shares are trading at attractive levels, according to a recent note from Credit Suisse. The firm reiterated an Outperform rating and $38 price target ahead of the company’s third-quarter earnings release, scheduled for May 25. “We believe the company’s...
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Aerohive Could Break Even In The Next 2 Quarters; Wunderlich Upgrades To Buy
Thursday, May 4, 2017 - 12:27pm | 338Aerohive Networks Inc (NYSE: HIVE), a $200 million designer and developer of a cloud-managed mobile networking platform, saw its stock gain more than 8 percent on Thursday after the company reported a better-than-expected first-quarter report. Following the earnings report, Matthew Robison of...
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PC Shipments Fall Below 63 Million Units For First Time Since 2007
Wednesday, April 12, 2017 - 9:40am | 379PC shipments during the first quarter of 2017 totaled 62.2 million units, which marks a 2.4 percent decline from the prior quarter and the first time since 2007 that shipments tracked below the 63 million unit mark in a quarter. Gartner noted the PC industry benefited from a growth in demand from...
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Personal Finance App Clarity Money, An $11-Million Funding Round And Your Financial Health
Friday, March 24, 2017 - 11:03am | 531Clarity Money, a personal finance app that helps users save, invest and track finances, announced Thursday it raised an incremental $11 million Series B funding on top of the $3.5 million it raised eight months back. New Money Infusion The new round of financing has come three months after the...
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As IT-Infrastructure Turns Software-Centric, Nutanix Is Most Obvious Beneficiary
Monday, February 27, 2017 - 5:28pm | 498Inspired by Nutanix Inc (NASDAQ: NTNX)’s leadership in the market of hyperconverged infrastructure (HCI), Baird maintained an Outperform rating on the stock with a price target of $37. In a note, the firm suggested Nutanix was the “most obvious beneficiary in the industry-wide shift to...
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Cognizant Shares Rally Amid Activist Letter; How Is Elliott's Track Record?
Tuesday, November 29, 2016 - 10:13am | 624Cognizant Technology Solutions Corp (NASDAQ: CTSH) shares were on a tear following the release of a letter by Elliott Management that outlined a three-part "Value Enhancement Plan," which envisages a nice bump up in its stock price to $80–$90 by the end of 2017, up 50–69 percent in...