Key Developments: EMC Corp (EMC.N)

EMC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

EMC Corporation to acquire DSSD, Inc
Monday, 5 May 2014 01:00pm EDT 

EMC Corporation:Announces it has entered into a definitive agreement to acquire DSSD, Inc.DSSD is the developer of new rack-scale flash storage architecture for I/O-intensive in-memory databases and Big Data workloads like SAP HANA and Hadoop.Says transaction is expected to close in the second quarter of 2014.Financial terms were not disclosed.  Full Article

EMC Corp reaffirms FY 2014 guidance - Conference call
Wednesday, 23 Apr 2014 08:30am EDT 

EMC Corp:Reaffirms FY 2014 guidance of $24.6 bln in revenue and $1.90 per share of non-GAAP EPS.Says this updated guidance now includes impact of VMware's AirWatch acquisition, which closed in Q1 2014.FY 2014 revenue of $24.6 bln - Thomson Reuters I/B/E/S.  Full Article

EMC Corp declares quarterly cash dividend
Tuesday, 22 Apr 2014 08:00pm EDT 

EMC Corp:Approved a 15 pct increase in the quarterly cash dividend.Says increased dividend of $0.115 per share of common stock will be paid on July 23 to shareholders of record as of the close of business on July 1.  Full Article

EMC Corp's VMware, Inc completes acquisition of A.W.S. Holding - Form 8-K
Monday, 24 Feb 2014 04:20pm EST 

EMC Corp's VMware, Inc:Completed acquisition of A.W.S. Holding, LLC by and among VMware, Aikman Acquisition Corp., a wholly owned subsidiary of VMware, AirWatch Holding and representative named therein.Aikman Acquisition Corp. merged with and into AirWatch Holding, with AirWatch Holding continuing as the surviving entity.VMware paid about $1.181 billion in cash, assumed about $139 million in unvested equity awards and will pay about $225 million to designated founders and key executives of AirWatch Holding in either cash or VMware stock, at the option of VMware.About $75 million of the escrow cash is payable to designated AirWatch Holding founders and key executives in either cash or VMware stock, at the option of VMware.  Full Article

EMC Corp declares quarterly cash dividend
Monday, 10 Feb 2014 08:30am EST 

EMC Corp:Declares a quarterly cash dividend of $0.10 per common share.The dividend will be payable on Apr. 23 to stockholders of record on Apr. 1.  Full Article

EMC Corp announces management change - Form 8-K
Friday, 7 Feb 2014 04:17pm EST 

EMC Corp:Says on Feb 6, the board of EMC Corporation transferred the title of President of EMC Corporation from Goulden to Joseph M. Tucci.Says Tucci remains Chairman and CEO of EMC Corporation.  Full Article

EMC Corp gives FY 2014 guidance below analysts' estimates - Conference Call
Wednesday, 29 Jan 2014 08:30am EST 

EMC Corp:Sees FY 2014 revenue of $24.5 billion.Sees FY 2014 non-GAAP EPS of $1.95.FY 2014 revenues of $24.7 billion and EPS of $1.98 - Thomson Reuters I/B/E/S Estimates.  Full Article

Lockheed Martin Corp and EMC Corp to develop tech projects in Israel
Sunday, 26 Jan 2014 07:18am EST 

EMC Corp:Lockheed Martin Corp and EMC Corp said on Jan. 26, they plan to jointly invest in advanced technology projects at a tech park in southern Israel.The companies intend to jointly develop partnerships with Israeli industry, government and academic institutions in the city of Beersheba to explore research and development projects in cloud computing, data analytics and cyber technologies.Says their combined initial investment of $1 million will establish a vehicle through which EMC and Lockheed Martin can develop new offerings for the companies to bring to market.Says under the arrangement, Lockheed Martin and EMC will identify a series of development opportunities that can be contracted to Ben-Gurion University, which is in Beersheba, and other experts.  Full Article

EMC Corp declares quarterly cash dividend
Friday, 13 Dec 2013 09:00am EST 

EMC Corp:Declares a quarterly cash dividend of $0.10 per share of common stock.The dividend will be payable on Jan. 23, 2014 to stockholders of record on Jan. 8, 2014.  Full Article

EMC Corp Lowers FY 2013 Guidance-Reuters
Tuesday, 22 Oct 2013 12:51pm EDT 

Reuters reported that EMC Corp, cut its fiscal 2013 forecast because of the two-week U.S. government shutdown and expects profit forecast of $1.80 per share from $1.85 and its revenue forecast of $23.25 billion from $23.5 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $23.33 billion and EPS of $1.83 for fiscal 2013.  Full Article

EMC resists pressure from investor Elliott to spin off VMware

- Data storage products maker EMC Corp resisted pressure from activist investor Elliott Management Corp to spin off its VMware Inc virtualization software unit, saying that keeping the companies together helps in winning business.

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