|Bid||99.85 x 800|
|Ask||99.67 x 1100|
|Day's Range||99.59 - 101.25|
|52 Week Range||37.20 - 101.25|
|Beta (5Y Monthly)||0.93|
|PE Ratio (TTM)||23.62|
|Earnings Date||May 27, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||105.12|
Shares of Dell Technologies (NYSE: DELL) rose 11.5% in April, according to data provided by S&P Global Market Intelligence. The server and laptop assembler officially confirmed in a press release that it would be spinning off its near-81% stake in hyper-converged software company VMware (NYSE: VMW) after September of this year. While Dell had first announced its intention to make this move last summer, the new confirmation also provided more concrete details about the transaction, which included very good news for Dell shareholders.
(Bloomberg) -- Apple Inc. named Stella Low, chief communications officer at Cisco Systems Inc., as the company’s head of communications, filling a role that has been empty since 2019.Low will report to Chief Executive Officer Tim Cook, leading external communications and public relations as an Apple vice president, the Cupertino, California-based technology giant said Friday.“Stella brings her remarkable experience and leadership to Apple’s world-class communications teams,” a spokesman said in a statement. “Apple has an important story to tell -- from the transformative products and services we make, to the positive impacts we have on our communities and the world -- and Stella is a great leader to help us write the next chapter.”The top communications and public relations role at Apple has been empty since the departure of Steve Dowling in 2019. Phil Schiller, previously Apple’s head of marketing, has overseen the division since that time. He remains in charge of the App Store.Prior to Cisco, Low held the top communications job at Dell Technologies Inc. She has worked in the industry for 30 years, according to her executive profile at Cisco. Her hiring by Apple was earlier reported by BuzzFeed News.Low joins Apple as the iPhone maker is facing criticism from developers over App Store practices and greater scrutiny from regulators. The company has key events ahead including its June conference for software developers.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
(Bloomberg) -- Navitas Semiconductor, a maker of power chips, has agreed to go public through a merger with Live Oak Acquisition Corp. II, a blank-check firm, according to a person with knowledge of the matter.The transaction, which could be announced as soon as this week, is set to value the combined entity at about $1 billion, said the person. That includes a so-called private investment in public equity, or PIPE, of about $145 million, the person said.A Live Oak representative declined to comment. A Navitas representative didn’t immediately respond to a request for comment.Live Oak raised $253 million in a December initial public offering. The SPAC is led by CEO Richard J. Hendrix.El Segundo, California-based Navitas, led by CEO Gene Sheridan, works with customers including Lenovo Group Ltd., LG Electronics Inc., Dell Technologies Inc. and Xiaomi Corp., its website shows. Its technology is used in mobile chargers, flat-screen televisions and data centers. Navitas specializes in gallium nitride, or GaN, semiconductor technology which it says runs up to 20 times faster than silicon, enabling more power and speedier charging.(Updates with technology, Xiaomi in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.