Dell says EMC deal not peak of bubble at Web Summit
Michael Dell defended the 67 billion EMC purchase as part of Dell's shift toward data storage and security amid tech market bubbles. He noted 1.8 billion PCs exist worldwide and about 600 million are over four years old and likely to be replaced, underscoring ongoing demand. The deal could close by October 2016, signaling a broader reinvention for Dell.
MENTIONED IN THIS ARTICLE
Dublin
Ireland
Michael Dell
EMC
Wired UK
David Rowan
Dell
Silicon Valley
Silver Lake
University of Texas College
EMC VMware merger arb creates risk and opportunity
EMC and VMware shares show divergent paths after Dell announced a $67 billion deal. Analysts note an arbitrage setup, with EMC trading near $26 and VMware tracking stock priced around $2, suggesting a long EMC and short VMware strategy to capture deal value amid market discount and uncertainty.
MENTIONED IN THIS ARTICLE
San Francisco
EMC
Dell
Vmware
Angelo Zino
S&p Capital IQ
AIG Rejects Icahn Breakup Proposal
AIG CEO Peter Hancock rejected Carl Icahn's plan to split the company into three parts as financially unsound. Shares fell 4.4 to $60.99 after the earnings call, with a 60% drop in Q3 income and $300 million in layoff costs flagged.
MENTIONED IN THIS ARTICLE
AIG
Icahn
Peter Hancock
Carl Icahn
Hancock
Takata to face record fines over faulty airbags
US safety regulators say Takata will pay at least 70 million dollars and could reach 200 million if recalls are not accelerated for 19 million vehicles with defective airbags. NHTSA will appoint a monitor to oversee the recall, completion accelerated by two years, and a plan to remove a harmful chemical. Transportation Secretary Foxx urged timely action for American drivers.
MENTIONED IN THIS ARTICLE
Takata
NHTSA
Transportation
Anthony Foxx
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Broadcom
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SanDisk
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Bloomberg
Jim Serged
John Shinal
USA Today
Econom
HCO
Muelo
Dell Inc
Moneyline
U.S
Commerce Department
TESLA
Tesla Motors
Google
Jason Wheeler
S&p
National Geographic
National Geographic Society
21St Century Fox
Society
DOW Jones Industrial
Marketwatch.com
USA
Jae Yat
NG and
Veronica Bravo
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