Notable News: Dell Inc, VMware Inc, Seagate Technology Plc
2013-03-13 11:51 ET - News Release
NEW YORK, March 13, 2013 - vb-news.net, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Dell Inc, VMware Inc, Seagate Technology Plc.Dell Inc.(NASDAQ:DELL) has decided to provide an activist shareholder with a list of investors, hoping to stem the criticism over the proposed $24.4 billion buyout of the company.Southeastern Asset Management, the computer maker’s largest outside investor, believes the buyout at $13.65 a share is very low and thinks that the stock is worth more than $20 a share.Is DELL a Buy After The Solid Momentum? Find Out Here http://vbtrendreport.com/aw/?code=DELL T. Rowe Price has also publicly stated that it is not happy about the buyout. Activist investor Carl Icahn who has a “substantial” stake in Dell has also urged the company to scrap the buyout proposal and instead refinance and pay a hefty dividend to shareholders. Dell has agreed to let Icahn look at its books.The Southeastern-led campaign comprises only about 15% of shareholders. Icahn’s stake is not known. However, both are experienced activists and may spell trouble.Meanwhile, data storage equipment maker EMC Corporation(NYSE:EMC) plans to create a new company called Pivotal. EMC Chief Executive Joe Tucci has said that EMC would own 69 percent while its affiliate VMware, Inc.(NYSE:VMW) would own 31 percent.How Should Investors Trade VMW After Today’s Solid rally? Get Free Trend Analysis Here http://vbtrendreport.com/aw/?code=VMWThe plan is to take Pivotal public later. Tucci has said that EMC will contribute money to the venture but has not provided financial details. He also said that the structure would be similar to that of VMware, which is a spinoff from EMC. Although VMware is publicly traded, the world's leading maker of corporate data storage equipment still holds 80 percent.In December, the companies had said that they would combine EMC's data analytics division Greenplum and its Pivotal Labs group with VMware's vFabric, SpringSource and Gemstone units as well VMware's data analytics company Cetas and CloudFoundry, a cloud computing platform as a service.Analysts had anticipated that this could result in a spin-out of the new group from EMC. Shares of VMW soared 7% to $80.85 and EMC rose 2.15%. It may have taken as long as 34 years, but Seagate Technology PLC(NASDAQ:STX) has finally done it. It is now the first hard disk drive maker to have shipped 2 billion drives. It took 30 years for Seagate to ship its first 1 billion hard disk drives. The most impressive thing is that the company took only 4 years to ship the remaining 1 million hard disk drives. The company has redefined its external drive lineup with the GoFlex series in recent times. It has rolled out the first ultra-portable wireless drive and released the Backup Plus portable drive meant for digital use. All such features have contributed to the final push toward reaching the 2 billion shipments mark. Is STX On The Way To Hit New Highs After Solid Rally? Get Free Report Here http://vbtrendreport.com/aw/?code=STXSteve Luczo, CEO of Seagate, stated that the company is proud to have accomplished this much. Luczo attributed the achievement to the relentless commitment and hard work of the company’s workers. Seagate said that mobile devices and social media keep on increasing demand for digital content storage. This has tipped the projections of analysts that photo-sharing and video storage requirements will quadruple by the year 2015.About vb-news.netvb-news.net’s team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.DisclaimerThe assembled information disseminated by vb-news.net is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. vb-news.net does expect that investors will buy and sell securities based on information assembled and presented in vb-news.net. PLEASE always do your own due diligence, and consult your financial advisor.Contacts:vb-news.net 1419 Westwood Blvd Los Angeles, CA90024firstname.lastname@example.org
© 2015 Canjex Publishing Ltd. All rights reserved.