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EMC Corp, the world's largest maker of data storage equipment, cut its full-year earnings forecast, citing acquisition-related costs in its VMware Inc unit. EMC's shares fell nearly 5 percent at open on the New York Stock Exchange on Wednesday.
As previously announced, EMC will hold a conference call for investors today at 8:30 a.m. ET . A live webcast of the call will be available at the EMC Investor Relations website. About EMC EMC Corporation is a global leader in enabling businesses
Bill Patalon's readers enjoy inside access to his regular consultations with Money Map Press editors. We're sharing this conversation with you today because the subject happens to lie at the intersection of several high-profit trends now.
Will the younger, more nimble ventures have the upper hand against their larger competitors?...Cloud storage/service company Box announced plans to raise an expected $250 million in its IPO. Similar IPO news is expected from cloud data-transfer
MRW It's no secret that some of the world's best investors have made their fortunes by buying depressed assets, or contrarian opportunities at attractive prices, and profiting as the businesses recovered. Indeed, buying when there is blood on the
Virtualization software maker VMware Inc said it plans to invest $500 million (297 million pounds) in India over the next three years to expand its operations. The new investment will include about $70 million of unused funds from a $120 million
On Tuesday, RSA appointed Paul Whittaker to the new role of group chief operating officer to lead the completion of its strategic disposals and support its remaining emerging-markets businesses. It recently appointed former RBS CEO Stephen Hester as
Take one of VMware's most powerful executives, Satyam Vaghani, and put him together with his former grad-school buddy, Poojan Kumar, the engineer that created Oracle's super important product, Exadata. The result is PernixData, a Valley startup that'
You may recall that this is a process by which a parent company separates a business unit into a stand-alone outfit and then issues shares in the new operation to the public. The great thing for investors is that by owning stock in the parent company
On April 23, 2014 , EMC also will issue an advisory news release announcing availability of the company's financial results at the websites referenced above. EMC will hold a conference call for investors at 8:30 a.m.