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Toshiba Spurns Western Digital, Signs Deal To Sell Memory Chip Unit To Group Led By Bain Capital
Wednesday, September 20, 2017 - 8:41am | 322Read More...It’s been a trying process, hampered by legal interference and government pushback, but Toshiba Corp has finally committed to selling its memory chip unit. The Japanese firm reportedly closed a ¥2 trillion ($18 billion) deal with an American group led by Bain Capital early Wednesday. The...
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More Corporations Demand Congress Act Against Patent Trolls
Wednesday, July 31, 2013 - 11:23am | 573Read More...A number of major U.S. corporations have had it with patent trolls. On Tuesday, the companies added their names to those urging Congress to do something about entities that buy up patents and then sue other companies for infringement, according to Reuters. Among the companies asking lawmakers...
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Dell and Silver Lake Hold the Line and ISS Agrees (DELL)
Monday, July 8, 2013 - 11:05am | 555Read More...Michael Dell and Silver Lake Management LLC finally said, “Enough is enough.” According to sources who told Bloomberg, CEO Dell and his partners at Silver Lake, who have offered $24.4 billion to take Dell (NASDAQ: DELL) private, have decided that their $13.65 per share offer represents a...
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Apple and Foxconn Parting Ways
Thursday, May 30, 2013 - 9:17am | 511Read More...In a tale as old as corporate relationships themselves, Apple (NASDAQ: AAPL) has told longtime manufacturing partner, Foxconn that it wants to “start seeing other suppliers.” The Wall Street Journal reported that Pegatron Corp., named after the famed flying horse of Greek mythology Pegasus,...
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Blackstone Withdraws from Dell Deal – Icahn Still in the Ring
Friday, April 19, 2013 - 10:41am | 603Read More...First, there were three. Now, there are two. Reuters reported Friday that The Blackstone Group L.P. (NYSE: BX) has withdrawn its offer to buy Dell (NASDAQ: DELL). This leaves founder Michael Dell and his private equity partner, Silver Lake Partners, in the driver’s seat. Activist investor Carl...
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Crowell Weedon & Co. Raise PT To $20 On DELL
Monday, May 23, 2011 - 7:24am | 177Read More...Crowell Weedon & Co. has raised its price target on Dell Inc. (NASDAQ: DELL) from $18 to $20 in light of Q1 earnings ahead of all expectations. Says Crowell Weedon, “DELL's fiscal Q1 (April) results were highlighted by a substantial year/year margin increase and earnings well above...
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Stifel Nicolaus Raises PT On DELL In Morning Summary
Wednesday, May 18, 2011 - 8:41am | 135Read More...Stifel Nicolaus has raised its price target from $18 to $20 on Dell (NASDAQ: DELL) and is maintaining its Buy rating on the stock. In the summary, Stifel Nicolaus reports, “We believe shares of Dell should sustain the post-close favorable reaction (+5%) following a F1Q12 rptd non-GAAP EPS upside...
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Sterne Agee Raises Estimates On Dell
Wednesday, May 18, 2011 - 8:23am | 103Read More...According to Sterne Agee, Dell (NASDAQ: DELL) estimates are raised. Sterne Agee said that it applauds DELL for posting an unexpectedly strong April quarter in which it handily beat EPS and gross margin expectations despite a $400 million top-line miss. “Gross margin came in at 23.4%, up a...
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J.P. Morgan Comments On Dell F1Q12 Results
Friday, May 13, 2011 - 7:41am | 118Read More...According to J.P. Morgan, Dell (NASDAQ: DELL) reports its F1Q12 (April) results on Tuesday, May 17. J.P. Morgan said that it expects Dell to disappoint again on the revenue front, but the EPS profile could benefit from a sturdy gross margin. “Indeed, with the hoarding in the PC food chain and with...
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BMO Capital Markets Maintains Dell Inc. (DELL) Market Perform Rating
Friday, February 19, 2010 - 9:45am | 169Read More...BMO Capital Markets analysts Keith Bachman and Jung Pak reviewed their rating for shares of Dell Inc. (Nasdaq: DELL) after the PC maker reported earnings and maintained their Market Perform rating of Dell Inc. shares with a price target of $16. The BMO Capital Markets analysts said that although...
