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PC Market Isn't Out Of The Woods; Apple's Sour Statistics
Wednesday, October 12, 2016 - 10:24am | 547PC shipments have been on the wane for the eighth consecutive quarter, marking the longest duration of decline in the history of the PC industry. A release on market research firm Gartner's quarterly PC tracker survey showed that third quarter PC shipments fell 5.7 percent year-over-year, a faster...
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JPMorgan Shares Several Reasons VMware Is More Attractive Now Than A Year Ago
Thursday, September 8, 2016 - 1:31pm | 431JPMorgan reinstated coverage of VMware, Inc. (NYSE: VMW) with an Overweight rating and $90 price target on uptick in practice growth rates and strong customer adoption of vSAN, NSX and potentially VxRail. Prior to restriction, JPMorgan has a Neutral rating and December 2015 price target of $88 on...
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Oracle Versus Salesforce: Trip Chowdhry Says Salesforce's Woes Are 'Fixable'
Monday, August 22, 2016 - 1:35pm | 447How does salesforce.com, inc. (NYSE: CRM)'s business stack up to the much larger Oracle Corporation (NYSE: ORCL)? According to Global Equities Research's Trip Chowdhry, salesforce is in an "uncomfortable position" compared to its peer, as it is "technology light and marketing heavy" and faces near...
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Argus Discusses Planned Dell Acquisition Of EMC Corporation
Wednesday, July 20, 2016 - 11:33am | 317EMC Corporation (NYSE: EMC) shareholders have voted, on a preliminary basis, very strongly in support of the acquisition of the company by Dell Inc. and its associates. Argus’ Jim Kelleher reiterated a Hold rating on EMC Corp. “The future brand for the newly combined entity will be Dell...
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VMware Surges After Beat And Raise Quarter
Tuesday, July 19, 2016 - 2:16pm | 500VMware, Inc. (NYSE: VMW) was among the leading gainers on the New York Stock Exchange Monday morning after the company released strong financial results for its fiscal second quarter. In early trading, the shares had risen more than 9 percent to $68.40 on heavy volume. This compares to a 52-week...
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Oracle's $14 Billion Corporate Bond Offering Is Big, But These 5 Deals Were Bigger
Thursday, June 30, 2016 - 2:01pm | 438Oracle Corporation (NYSE: ORCL) announced a massive $14 billion corporate bond sale this week. The company plans on using the proceeds for stock repurchases, dividend payments, debt refinancing and other budget items. While certainly impressive, Oracle’s sale is not even one of the five...
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Pure Storage: Baird Stays On The Sidelines, Names Cisco Systems As Possible Buyer
Wednesday, June 29, 2016 - 3:55pm | 403Baird recommends investors stay on the sidelines with Pure Storage Inc (NYSE: PSTG), a provider of all-flash array (AFA) storage solutions, unless the market-share trajectory becomes clearer. Further, the brokerage said Cisco Systems, Inc. (NASDAQ: CSCO) and Hitachi, Ltd. (ADR) (OTC: HTHIY) could...
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Barron's Picks And Pans: Williams-Sonoma, McKesson, LyondellBasell And More
Sunday, June 12, 2016 - 4:09pm | 623Featured stories this weekend in Barron's ponder the prospects for an "Amazon-proof" retailer and a drug wholesaler. The prospects for a multinational chemical giant and a global investment management firm are also examined. The cover article offers 24 new investment ideas from the Barron's 2016...
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What Would Steve Jobs Tell Apple Employees Today?
Friday, May 20, 2016 - 1:17pm | 338Apple Inc. (NASDAQ: AAPL) has had a rough go of it lately. The stock recently hit new seven-month lows, and it remains down 27.0 percent in the past year. If you were wondering what inspiring words the late great visionary Steve Jobs would tell Apple employees in times like these, you might be...
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Why Credit Suisse Thinks Secureworks Shares Warrant Valuation Discount
Tuesday, May 17, 2016 - 10:39am | 333Secureworks Corp (NASDAQ: SCWX) warrants a valuation discount, Credit Suisse said, while starting coverage of the stock with a Neutral rating and $14.50 target price. The brokerage noted, "SecureWorks currently trades at an enterprise value to next-twelve-months (NTM) revenue multiple of 2.4x,...
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Another Lackluster Quarter For PC Sales, Says Gartner
Tuesday, April 12, 2016 - 12:18pm | 363According to a report by Gartner, worldwide PC shipments fell 9.6 percent during the first quarter of 2016. Gartner elaborated that total worldwide PC shipments in the first quarter came in at 64.8 million units, marking the sixth consecutive quarter of PC shipment declines. PC shipments dropped...
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Report: EMC To Divest More Than $6 Billion In Assets Ahead Of Dell Combination
Thursday, April 7, 2016 - 1:32pm | 159Bloomberg reported after Wednesday's market close that EMC Corporation (NYSE: EMC) has committed to divest more than $6 billion as part of a path towards a combination with Dell Inc. Bloomberg, citing "people with knowledge of the matter," added that Dell is also looking to divest...
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NTT Data Announces Acquisition Of Dell Services To Strengthen Its Competitive Positioning
Monday, March 28, 2016 - 8:48am | 315Nippon Telegraph & Telephone Corp (ADR) (NYSE: NTT), better known as NTT Data, announced on Monday it has reached an agreement with Dell Inc. (NASDAQ: DELL) to acquire Dell Services, an IT services provider that focuses on infrastructure services, cloud services, application services and...
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Report: VMware To Oversee A 'Big' Headcount Reduction
Friday, January 22, 2016 - 4:44pm | 224According to Fortune, VMware, Inc. (NYSE: VMW) is expected to announce a large headcount reduction plan next week. Fortune, citing "sources close to the server virtualization giant," reported that VMware could lay off up to 900 people, representing approximately 5 percent of its total workforce....
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Gartner: PC Shipments Fell By 8.3% In Q4, Fifth Consecutive Quarterly Decline
Wednesday, January 13, 2016 - 9:54am | 284Gartner, the world's leading information technology research and advisory company, reported on Tuesday that worldwide PC shipments declined 8.3 percent year-over-year in the fourth quarter of 2015. According to Gartner, worldwide PC shipments totaled 75.7 million units in the quarter,...