Apps & Software
VMware (VMW) Buys EMC (EMC) Upgrades With Bear And Citi
Published:
Citi and Bear Streans both upgraded EMC (EMC) on the strength of its ownership in VMware (VMW) and its own growing storage business.
According to MarketWatch, Citi which upped the stock from hold to buy, said "the mid- to long-term demand generation for networked storage attributable to server virtualization (is) attractive". Bear Streans upped EMC’s rating to outperform from peer perform, said the firm has been "highly effective at finding the ‘next big thing’ in IT spending, and then growing those nascent businesses through its legendary sales and marketing prowess, enabling overall EMC to continue to grow."
VMware is one of the most successful IPOs of the last year. Its shares have moved from just over $51 to almost $80 in less than three months. EMC owns 87% of the company.
Douglas A. McIntyre
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
