Tag Archives: emc

EMC Gets Lower Rating As No VMware Sale Looks Near

EMC (EMC) got downgraded Monday as an investment bank panned its performance and alleged myopia around its VMware (VMW) subsidiary. Daniel Ives, an analyst for FBR Capital Markets, downgraded EMC to market perform from outperform, in a research note, and lowered his price target on EMC stock to 28 from 31. “We are downgrading shares of EMC … in light of the company’s weakening fundamentals, management’s dogmatic view around VMware, and execution

Cisco, EMC Or NetApp Seen Eyeing Nimble Acquisition

Nimble Storage (NMBL) could be the hottest acquisition target in the storage market. And Cisco Systems (CSCO), NetApp and EMC are the likeliest buyers, says Srini Nandury, an analyst for Summit Partners, in a research report Tuesday. “The storage industry is ripe for consolidation and we believe OEMs such as NetApp (NTAP), EMC (EMC) and Cisco are looking to acquire next-generation storage assets,” he wrote. “Given that Nimble is one of the best

EMC Expands Cloud Business With $1.2 Bil Acquisition

Data company EMC (EMC) will pay $1.2 billion to acquire privately held Virtustream as part of a major expansion of its cloud computing operations. EMC said that the acquisition is a “transformational element” to help customers move all of their applications to cloud-based environments. “Virtustream is an exceptional company, and this is a critical and transformative acquisition for EMC in one of the industry’s fastest-growing and most important