|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||94.89 - 95.88|
|52 Week Range||64.96 - 96.15|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 5, 2018 - Sep 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||105.50|
For billionaire investment titan Carl Icahn, the second quarter of the year was a busy one. According to a filing submitted to the SEC earlier this week, Icahn increased his stake in troubled nutrition company Herbalife Nutrition Ltd ( HLF) as well as his own namesake Icahn Enterprises LP ( IEP), per a report by Proactive Investors. While it's difficult to say whether or not any given position in the billionaire's portfolio could be the target of activist maneuvering, there are at least three major companies representing new positions in Icahn's portfolio during the second quarter of the year.
Dell will probably have to sweeten an offer to buy a tracking stock tied to VMware Inc. that is central to its plan to restore its public listing, Bernstein analyst Mark Moerdler said in note. Replacing the tracker, known to traders as DVMT, with its own shares is the pivotal step in Michael Dell’s plan to return to public markets. Analysts have noted that the market seems to disagree with Dell about the value of the equity being exchanged.
According to the most recent 13F for billionaire Dan Loeb's Third Point, the hedge fund has decreased its holdings from 40 to 38 while increasing its portfolio value from $13.32 billion to $14.35 billion in the last quarter. The 13F filing, submitted to the U.S. Securities and Exchange Commission ahead of the August 15th deadline, also indicates that Third Point's portfolio remains highly concentrated, with just three holdings accounting for about a third of the entire portfolio value.
As you can see in the table below, market research firm IDC (International Data Corporation) has forecast that HP (HPQ) will ship 14.8 million PCs in the second quarter of 2018. The overall PC market returned to growth as shipments rose 2.4% and were the strongest since Q1 2012 when shipments rose 4.2% YoY (year-over-year). HP’s shipments have been projected to rise 7.6% YoY, easily beating the overall market growth.
Dell will be able to learn more about customers and tailor its marketing down to the individual level using software from Austin AI startup CognitiveScale.
The case for taking Tesla private may seem compelling — but check the data first, writes Mark Hulbert.
As Dell prepares to return to public trading, it's selling one of its wireless technology divisions to a Silicon Valley-based company.
VMware is bulking up its communications cloud platform with the acquisition of the technology and team behind Dell EMC's Service Assurance Suite.
NetApp (NTAP) stock has returned 96% in the last 12 months, 7.3% in the last month, and 6.5% in the last three months. NetApp stock rose 36% in 2016 and almost 60% in 2017. Since the start of 2018, it’s risen just over 52%.
According to market research company IDC, worldwide enterprise storage systems revenue rose 34.4% YoY (year-over-year) to $13 billion in the first quarter. Total capacity shipments rose 79% to 98.8 exabytes in the quarter.
Dell Technologies Inc.’s deal debrief was supposed to provide some answers, but instead it’s only raised more questions. The computer giant this week detailed the deliberations behind its plan to buy out the DVMT tracking stock it created in 2016 to finance its takeover of data-storage company EMC Corp. Dell estimates its stock-and-cash bid is worth $109 per share, and that hasn't sat right with DVMT investors. For one, that represents a big discount to the VMware Inc. shares DVMT is meant to mimic.
Elon Musk seems to be taking a cue from Michael Dell in his desire to take Tesla Inc. private. The similarities are clear: Like Dell, Musk is the founder and chief executive officer of a struggling publicly traded company. In 2013, Michael Dell also retreated from those outside forces by taking his company private in a leveraged buyout, saying that he wanted greater freedom to make the decisions needed for a turnaround amid a shrinking personal-computer market.
Dwight Scott’s firm knows a thing or two about leveraged buyouts. Whatever Tesla Inc. is working on wouldn’t be that, he says. The president of Blackstone Group LP’s credit arm said investors should take Elon Musk’s tweet about taking Tesla private seriously.
Dell Technologies released a rosy growth forecast late on Monday as the PC maker tries to convince investors to back a deal that would see Michael Dell’s company return to public markets four years after it went private. Dell said it decided to revise its outlook upwards following strong preliminary financial results for the first fiscal quarter of 2019, with net revenues up 17 per cent over the previous year and double-digit growth in its infrastructure unit and client solutions group.
It's been four years since Michael Dell's company went private. Now Dell Technologies is trying to convince investors to back a deal that would bring it back to public markets with a rosy growth forecast. The projections are meant to support Dell’s bullish valuation of its equity value — an important metric as it works to persuade holders of stock that tracks its stake in VMware, a software company, to swap their holdings for shares in the parent company itself.
Dell Technologies Inc. gave investors a deeper look into its financials as it steps up efforts to win support for a plan to take the company public. Dell expects its revenue to increase about 9.5 percent to $87.5 billion in fiscal 2019, according to a proxy statement filed Monday. Dell said its total earnings before interest, taxation, depreciation and amortization are expected to increase 18 percent to $9.7 billion, up from $8.2 billion.
Intel (INTC), the leading semiconductor manufacturer, is undergoing a transformation to become a leader in the data-centric, artificial intelligence, and autonomous revolution space. This transformation has been adequately reflected in the revenue growth of the company’s reportable business segments.
Michael Dell thinks he knows what his namesake company is worth, and he isn’t budging. Dell’s management team spent much of the past month in initial meetings trying to win support from more than four dozen holders of a tracking stock as part of a plan to take Dell Technologies Inc. public, according to people familiar with the matter. While skepticism is mounting as to how Dell arrived at the offer price of $109-a-share in cash and Dell Class C stock that will be traded for the tracking stock, the company has no intention of sweetening the bid, the people said.
Dell Technologies Inc. seems to be taking a Donald Trump-like approach to determining its self-worth: bold statements, and not a lot of information to back them up. This month, the computer and software giant announced a complicated plan to re-enter the public market about five years after its buyout by founder Michael Dell and Silver Lake. Dell is saddled with a boatload of debt and a messy capital structure, making a traditional IPO difficult.
Sanjay Poonen, the chief operating officer of virtualization software pioneer VMware (VMW) was in town from the company’s Palo Alto, Calif., headquarters today, and was kind enough to stop by once again at Barron’s offices to discuss a number of themes, including last week’s deal by VMware corporate parent Dell to go public. Poonen was last in our office back in December, and it’s always a pleasure to chat with him about big tech trends, as well as progress at VMware. Dell’s deal sees the privately held operation swap its common stock for the publicly traded “DVMT” shares, which are a tracking stock representing Dell’s 81% stake in VMware.
Several major stockholders of an affiliate of Dell Technologies Inc. have misgivings about a bid to buy them out, potentially complicating the PC and data-storage giant’s plan to return to the public markets. Holders of at least 10% of DVMT shares, which track Dell’s controlling stake in VMware Inc., are disappointed with terms of the deal announced last week and may oppose it, according to people familiar with the matter. The holders include several teams at investing giant BlackRock Inc., as well as Farallon Capital Management LLC and Canyon Capital Advisors LLC. BlackRock is DVMT’s third-largest shareholder with a 4.8% stake, while Farallon and Canyon own about 3.5% and 1.5%, respectively, according to FactSet.