Tag Archives: vmw

EMC Should Spin Off VMware, Hedge Fund Manager Urges

EMC (EMC) could be next up on the breakup wave, as hedge fund manager Elliott Management urged the data storage company in a letter Wednesday to spin off VMware. Elliott, which owns 2.2% of EMC, recommended it separate VMware (VMW) and sell other assets to improve shareholder value. EMC, the largest global provider of data storage systems, owns about 80% of VMware, the No. 1 provider of virtualization software. “Though EMC is a leader in numerous

EMC CEO Tucci Building Future; VMware Spinoff Doubted

Data storage system maker EMC (EMC) is going on the offensive as it faces competition from startups, upping research and development spending on emerging technologies, says UBS in a research report. EMC CEO Joe Tucci, who is under pressure from activist investor Elliott Management to make structural changes such as spinning off all of VMware (VMW), is playing for the long term even though he’s expected to soon retire, says UBS analyst Steven

F5 Networks Upgraded On VMware, Cisco Partnerships

F5 Networks’ (FFIV) partnerships with VMware (VMW) and Cisco Systems (CSCO) will boost its competitiveness in key emerging data center technologies, says ISI Group, which upgraded F5 stock on Wednesday. ISI Group analyst Brian Marshall upgraded F5 to strong buy from a buy rating and set a 135 price target. F5 Networks, up 35% this year, was up 2% in morning trading in the stock market today, near 122.50, hitting a 27-month high for the second