Data storage firm EMC Corp. (EMC) will buy scale-out storage company Isilon Systems for $2.25 billion, the companies announced Monday.
The deal, which values Isilon at a price of $33.85 per share, is expected to complete before the end of this year, …
Bill Gates, founder of Microsoft Corp. (MSFT), sold 2 million shares in the company.
Gates sold the shares in the open market on Nov. 2 at an average price of $27.23, according to an SEC filing. The transaction left Gates with 618,973,551 shares in M…
Apple (AAPL) may see its revenue from China triple over two years as the company expands its sales network demand from consumers rise, Morgan Stanley (MS) said.
Apple’s sales in China may be worth more than $9 billion in the year ending September 2012, Morgan Stanley analysts said in a report. In the last fiscal year, Chinese sales were worth $2.9 billion.
The analysts forecast that…
Continue reading Apple’s China Revenue May Triple Over Two Years, Analysts Say
Apple’s China Revenue May Triple Over Two Years, Analysts Say originally appeared on DailyFinance on Tue, 02 Nov 2010 07:10:00.
Filed Under: Company News, Technology, Earnings, Morgan Stanley , Apple, Stock Picks, Market News
Analysts expect the leading Web portal to report a 15% increase in earnings for the second quarter, largely due to cost cutting. Revenues are expected to be flat year-over-year.
Continue reading Yahoo Earnings …
Seagate Technology (STX) surged in premarket trading after saying that it received an indication of interest about going private.
Seagate, which makes hard disk drives and storage products, gained 20.96% to $15.35 a share at 6:19 am, from Thursday’s closing price of $12.69.
The company said Thursday that it is in discussions with the party that indicated interest. Seagate has…
Continue reading Seagate Shares Jump as It Considers Going Private
Seagate Shares Jump as It Considers Going Private originally appeared on DailyFinance on Fri, 15 Oct 2010 06:37:00.
Filed Under: Company News, Technology, Stocks in the News, Market News