VMware Inc
EU opens antitrust probe into Broadcom’s $61 billion VMware bid
A signal is posted in front of a Broadcom office in San Jose, California. Justin Sullivan | Getty Photos European antitrust regulators have opened an in-depth investigation into U.S. chipmaker Broadcom’s proposed $61 billion bid for cloud computing enterprise VMware, the European Commission mentioned in a statement on Tuesday. “The Commission is particularly involved that […]
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Amazon’s cloud device faces price-delicate buyers as economic fears mount
Amazon Internet Companies has been the most significant progress engine for its mother or father organization about considerably of the earlier ten years, taking business from some of the major tech suppliers in the planet. But as organizations encounter the most challenging financial setting given that the 2008 monetary crisis, those people large checks they’re […]
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Stocks making the biggest moves after hours: Nordstrom, Autodesk and more
A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after hours. Nordstrom — Shares fell more than 4% after the department store cut its forecast. Nordstrom’s latest results beat profit and sales expectations, according to consensus expectations on Refinitiv. HP — Shares rose 1% after HP surpassed expectations […]
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Chip stocks have experienced a hard calendar year — but a person appears ‘really inviting,’ fund manager says
Semiconductor stocks have been overwhelmed down all 12 months — many thanks to waning chip demand and the easing of source chain disruptions that hobbled the sector at the peak of the Covid pandemic. The iShares Semiconductor ETF is down all-around 44% calendar year-to-day — a bloodbath even by this year’s bear market common. But […]
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VMware veteran takes helm of pre-IPO software company Cohesity, though market debut is on hold
Sanjay Poonen, former COO, VMware Scott Mlyn | CNBC Cohesity, a startup selling software to back up corporate data, said Tuesday it hired former VMware operating chief Sanjay Poonen to be its next CEO, as the company challenges incumbents like Dell and marches toward an eventual IPO. Poonen told CNBC that he received a call […]
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Broadcom announces plans to buy VMware in $61 billion deal
Hock Tan, chief executive officer of Broadcom Martin H. Simon | Bloomberg | Getty Images Broadcom will buy VMware in a cash-and-stock transaction valued at $61 billion, based on the closing price of Broadcom common stock on May 25, 2022, the companies announced on Thursday. The deal would be one of the largest technology acquisitions […]
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Stocks making the biggest moves midday: Snap, Abercrombie & Fitch, Roblox and more
A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Tuesday. Snap — Shares of Snapchat’s parent company plummeted 41.2% after […]
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Stocks making the biggest moves in the premarket: Best Buy, Abercrombie & Fitch, Snap and more
Take a look at some of the biggest movers in the premarket: Best Buy (BBY) – Best Buy jumped 5.2% in the premarket after the electronics retailer reported a mixed quarter. Best Buy fell 4 cents a share shy of forecasts, with quarterly earnings of $1.57 per share. Revenue was better than expected, however, and […]
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Stocks making the biggest moves midday: JPMorgan Chase, Gap, VMWare & more
People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City. Mike Segar | Reuters Check out the companies making headlines in midday trading. JPMorgan Chase – JPMorgan rose 7% after the bank said it expects to reach key return targets sooner than planned thanks to rising interest rates giving […]
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Broadcom, VMware deal could be announced by Thursday, sources say
Rangarajan Raghuram, CEO, VMware at the NYSE, Dec. 14, 2021. Source: NYSE CNBC’s David Faber reported Monday that Broadcom had been gearing up to announce its acquisition of VMware as soon as Thursday, but the news could come sooner after several reports said the two companies were in talks. Some material terms still need to […]
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