Storage vendor NetApp (NTAP) tanked Tuesday following the announcement it will pay $870 million in cash to acquire SolidFire. SolidFire provides businesses with storage systems that are based on flash-memory chips rather than spinning disk drives. Flash is seen as the future of storage, with that transition well underway. EMC (EMC), Hewlett-Packard Enterprise (HPE), Cisco Systems (CSCO) and other industry giants have been investing heavily in
Hewlett Packard Enterprise (HPE) stock jumped as much as 8.5% Wednesday after after the company late Tuesday posted fiscal Q4 revenue that beat views and guided fiscal 2016 performance better than analysts expected. Hewlett Packard Enterprise stock was near 14, up more than 2%, in early afternoon trading in the stock market today. “Our overall opinion on HPE remains unchanged” after the earnings call, wrote Needham analyst Richard Kugele in a
Closing the book on the 76-year legacy of Hewlett-Packard Co., Meg Whitman continued with Volume II Tuesday by chairing both successor companies and disclosing that the former company’s final Q4 earnings missed Wall Street projections. But she also guided one of the successor company’s fiscal 2016 forecasts higher than Wall Street estimates. Thus, Hewlett Packard Enterprise (HPE) stock was up 2.5% in after-hours trading, after the earnings