Key Developments: EMC Corp (EMC)
23.65USD
24 May 2013
$-0.01 (-0.04%)
$23.66
$23.54
$23.84
$23.35
15,554,855
22,801,741
$28.18
$21.45
Latest Key Developments (Source: Significant Developments)
Emc Corp Reaffirms FY 2013 Guidance-Conference Call
Emc Corp reaffirmed fiscal 2013 guidance and expects revenues of $23.5 billion and non-GAAP earnings per share (EPS) of $1.85. Full Article
Emc Corp, International Business Machines Corp Eye Web Hosting Company SoftLayer Technologies Inc; AT&T Inc No Longer Involved In Deal-Reuters
Reuters reported that International Business Machines Corp (IBM) and Emc Corp are among parties in talks to buy privately held database web hosting company SoftLayer Technologies Inc, in a deal that could fetch over $2 billion. Dallas, Texas-based SoftLayer has hired Morgan Stanley and Credit Suisse to run the sale process, asking not to be named because the talks are private. SoftLayer's sale process was initially spurred by one of its customers, AT&T Inc, which approached the company in recent months seeking exclusive talks. AT&T is no longer involved in the process. Full Article
Cap Gemini SA And Emc Corp Extend Global Strategic Alliance
Cap Gemini SA and Emc Corp announced the expansion of their global alliance with a strategic go-to-market agreement to expand operations in Brazil. The two companies have committed to work collaboratively to deliver customer value through the implementation of cloud solutions. Responding to the demand for cloud-based solutions in Latin America, Capgemini and EMC will deliver a portfolio of end-to-end As-a-Service cloud offerings designed for specific vertical market segments. Working closely with EMC, a new dedicated Integrated Solutions business unit will be operated by Capgemini Brasil to bring these cloud solutions to the Brazilian market providing the needed technological infrastructure. Full Article
Emc Corp Updates FY 2013 Guidance Below Analysts' Estimates-Conference Call
Emc Corp announced that for fiscal 2013, it expects to grow revenues 8% to $23.5 billion and grew non-GAAP earnings per share (EPS) to $1.85. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $23.57 billion and EPS of $1.90 for fiscal 2013. Full Article
Lenovo Group Ltd And Emc Corp Create LenovoEMC Joint Venture to Bring Network Attached Storage to SMBs and Distributed Enterprise Sites
Lenovo Group Ltd And Emc Corp announced that they have completed the formation of LenovoEMC Ltd, the joint venture previously announced in August 2012 along with a wider strategic partnership in industry standard servers and networked storage solutions. Incorporating the core assets of EMC's Iomega business, the new JV will bring co-branded network attached storage (NAS) solutions to distributed enterprise, remote branches, and small and medium businesses. Full Article
Emc Corp, VMware Inc To Merge Data And Cloud App Assets Into New Group-Reuters
Reuters reported that Emc Corp and its publicly-traded subsidiary, software maker VMware Inc, are planning to merge their data analytics and cloud application assets. The companies expect to combine a number of divisions into the new group, called the Pivotal Initiative - by the second quarter of 2013 and said the specific operational structure will be determined then. The companies will provide an update on the details of the plans in the first quarter of next year, EMC said. The move will combine EMC's data analytics division Greenplum and its Pivotal Labs group with VMware's vFabric, SpringSource and Gemstone units as well VMware's data analytics company Cetas and CloudFoundry, a cloud computing platform as a service. This will affect about 600 employees from VMware and 800 employees from EMC. Full Article
Emc Corp To Acquire Silver Tail Systems
Emc Corp announced that it has signed a definitive agreement to acquire privately-held Silver Tail Systems, company in real-time web session intelligence and behavioral analysis. Upon closing, Silver Tail will operate within the RSA security division and is expected to extend the capabilities of RSA's Identity Protection and Verification (IPV) solutions, as well as other areas across RSA's enterprise security portfolio. Terms of the deal were not disclosed. The acquisition is expected to be completed in the fourth quarter of 2012. Full Article
TriRivers Health Partners Selects Emc Corp's RSA Solutions To Help Automate Security Management And Enhance Cyber-incident Response
RSA, The Security Division of EMC Corp announced that it is delivering a comprehensive security management solution to healthcare information technology organization TriRivers Health Partners designed to help secure its infrastructure and more closely control how it manages risk and responds to cyber threats. Full Article
Emc Corp Reaffirms FY 2012 Guidance-Conference Call
Emc Corp announced that for fiscal 2012, it expects to achieve revenue in the range of $21.6 billion to $21.75 billion, and non-GAAP earnings per share (EPS)between $1.68 and $1.70. Full Article
Guidance Software Inc And Emc Corp's RSA Collaborate On Automated Cyber Security Incident Response
Guidance Software Inc announced an interoperability partnership with RSA, the Security Division of Emc Corp, to interconnect Guidance’s EnCase Cybersecurity and the RSA enVision security information and event management (SIEM) platform to enable automated incident response and management. The integration will enable the RSA enVision platform to automatically trigger an EnCase Cybersecurity incident response, including exposing, collecting, triaging and remediating data related to threats – essentially taking action on or gathering data about a security event that might otherwise have been inappropriately disregarded. The interoperability of the two solutions will allow organizations to reduce the time it takes to remediate threats, thus reducing the high cost of response and the risk of exposing sensitive data to loss or theft. Full Article
EMC reaffirms full-year forecast after first-quarter miss
- EMC Corp reported slightly weaker-than-expected quarterly results as customers remained cautious about tech spending but the data storage equipment maker reiterated its full-year forecast, sending its shares up nearly 2 percent.
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