News: VMware Inc (VMW.N)

VMW.N on New York Stock Exchange

84.26USD
26 Dec 2014
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$0.03 (+0.04%)
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Thu, Dec 18 2014

REFILE-IBM says cloud business enjoying "breakthrough year"

LONDON, Dec 17 - IBM aims to expand the number of data centres it offers clients around the world by 25 percent to meet fast-rising demand for internet-based services, after what a company executive said has been a "breakthrough year" in 2014 for its cloud computing business.

EMC cuts profit forecast as bookings fall at VMware unit

- Data storage equipment maker EMC Corp cut its full-year profit and revenue forecast, hurt by lower bookings at its VMware Inc unit and a strong dollar.

UPDATE 2-EMC cuts profit forecast as bookings fall at VMware unit

(Adds details, background, analyst comment; updates shares)

EMC to buy much of Cisco's stake in joint venture VCE

- Data storage products maker EMC Corp said it will buy much of Cisco System Inc's stake in their joint venture VCE for an undisclosed sum.

VMware forecasts weak 4th-qtr revenue, shares fall

- Software maker VMware Inc forecast current-quarter revenue largely below Wall Street's estimates due to a delay in the closing of a large U.S. government deal and lower bookings in Germany, Russia and Japan in the third quarter.

UPDATE 2-VMware forecasts weak 4th-qtr revenue, shares fall

(Adds forecast, analyst and executive comments; updates shares)

VMware 3rd-qtr adjusted profit beats estimates

Oct 21 - VMware Inc reported a better-than-expected adjusted profit for the third quarter, helped by higher demand for its software that lets computers to run multiple operating systems on the same machine.

Activist investor Elliott publicly urges EMC to spin off VMware

- Activist investor Elliott Management Corp is urging data storage products maker EMC Corp to spin off its VMware Inc virtualization software unit or pursue other merger opportunities in its first public letter to the company.

UPDATE 3-Activist investor Elliott publicly urges EMC to spin off VMware

Oct 8 - Activist investor Elliott Management Corp is urging data storage products maker EMC Corp to spin off its VMware Inc virtualization software unit or pursue other merger opportunities in its first public letter to the company.

CORRECTED-Activist investor Elliott urges EMC to spin off VMWare

(Corrects fourth paragraph to say EMC's "federation strategy" comprises four businesses, not three)

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