Dell is in talks with data storage giant EMC (EMC), the Wall Street Journal reported late Wednesday, citing sources, but it wasn’t clear if the computer maker wants to buy all or just some of EMC. EMC stock hares rose 7.1% in after-hours action to 27.80. Shares ended the regular session 25.96, up 0.6% on the stock market today . EMC shares have risen for the past six sessions, but that’s after hitting a 2-year closing low on Sept. 29. EMC has been
Economic turmoil in China is giving Apple (AAPL) investors a tummy ache, because of the company’s heavy exposure to the country. China accounted for 27% of Apple’s revenue in the June quarter. That compares with about 8% or 9% for IBM (IBM), 7% for Hewlett-Packard (HPQ) and 6% for EMC (EMC), RBC Capital Markets analyst Amit Daryanani said Tuesday. What’s more, China contributed 60% of incremental revenue and 80% of incremental profit in Apple’s
Investors might want to know how soon Hortonworks (HDP) can deliver on the promise of Hadoop, but they shouldn’t necessarily look at the company’s second-quarter earnings Wednesday for an answer. Despite an encouraging contract with data storage giant EMC Corp (EMC) announced Tuesday, Hortonworks is expected to report a loss of 84 cents a share for Q2 Quarterly losses are at least into next year and likely into 2017, according to estimates of