Cowen Cuts Price Target on VMware (VMW) Following Dell's Announced Acquisition of EMC

TheGrantLawFirm, PLLC Investigates the Acquisition of EMC Corp.

NEW YORK--(BUSINESS WIRE)-- TheGrantLawFirm, PLLC (the GrantFirm) has commenced an investigation into the acquisition of EMC Corp. (EMC) on behalf of the company's shareholders. On October 10, 2015 Dell Inc. (Dell) and EMC announced they signed a definitive agreement under which Dell, together with its owners, Michael S. Dell, founder, chairman and chief executive officer of Dell, MSD Partners and Silver Lake, the global leader in technology... More

EMC Pre-Announces Third-Quarter Financial Results

HOPKINTON, Mass., Oct. 12, 2015 /PRNewswire/ -- EMC Corporation (NYSE: EMC) today announced preliminary third-quarter 2015 results: consolidated revenue is expected to be between $6.05 and $6.08 billion. GAAP earnings per weighted average diluted share is expected to be approximately $0.25. Non-GAAP earnings per weighted average diluted share is expected to be approximately $0.431. 

Zane Rowe, EMC Corporation CFO, said, "During Q3, thanks to the hard work of the team, we continued to generate positive momentum in our IT transformation-focused businesses such as Pivotal, VMware and our emerging storage portfolio. We also experienced a higher than expected build... More

VMware Reports Preliminary Q3 2015 Results

PALO ALTO, CA -- (Marketwired) -- 10/12/15 -- VMware, Inc. (NYSE: VMW), a leader in cloud infrastructure and business mobility, announced preliminary financial results for the third quarter of 2015.

Revenues for the third quarter are expected to be $1.672 billion, an increase of 10% from the third quarter of 2014, or an increase of 14% in constant currency. "I'm pleased with our overall Q3 results, with total revenue expected to exceed the high end of our guidance range," said Jonathan Chadwick, chief financial officer, chief operating officer and executive vice president, VMware.

License revenues for the... More