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Intel revenues unchanged in Q3 at USD 14.5 bln
2015-10-14 09:23:00| Telecompaper Headlines
(Telecompaper) Intel reported third quarter revenues flat from the year before at USD 14.5 billion, with the operating profit down 8 percent to USD 4.2 billion and the net profit sliding 6 percent lower to USD 3.1 billion. Earnings per share went to USD 0.64 from 0.66 the year earlier. The gross margin reached 63.0 percent, up 0.5 point from the second quarter. Going forward, Intel is guiding for fourth quarter revenues at USD 14.8 billion, plus or minus USD 500 million. The midpoint of the range is up 2 percent from the third quarter, in line with the average seasonal range increase for Q4. The gross margin is expected at 62 percent, plus or minus a couple of points and down 1.0 point from Q3.
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intel
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unchanged
USD to acquire 100% stake in Casper terminal for $225m
2015-10-13 01:00:00| Hydrocarbons Technology
USD Partners will acquire 100% of the equity interests in Casper Crude to Rail (Casper terminal) from Stonepeak Infrastructure Partners, Cogent Energy Solutions and The Granite Peak Group in a deal valued at $225m.
Tags: usd
terminal
acquire
stake
Dell buys EMC for USD 67 bln, VMware to remain independent
2015-10-12 16:48:00| Telecompaper Headlines
(Telecompaper) Dell has agreed to buy EMC for an estimated total of USD 67 billion, or USD 33.15 per share in cash. The price is fluid as part of the money will be paid in tracking stock linked to a portion of EMC's stake in VMware. The combination will create the world's largest privately-controlled, integrated technology company, bringing together expertise in digital transformation, software-defined data centre, hybrid cloud, converged infrastructure, mobile and security. It will be a leader in the USD 2 trillion IT market with complementary product portfolios, sales teams and R&D investment strategies. Under the terms of the agreement, EMC shareholders will receive USD 24.05 per share in cash and 0.111 shares of new tracking stock for each EMC share. The amount assumes, for illustrative purposes, a valuation for each share of tracking stock of USD 81.78, the intraday volume-weighted average price for VMware on 7 October. The value of the tracking stock may vary from the market price of VMware given the different characteristics and rights of the two stocks. VMware will remain a publicly-traded company and continue to provide customers software-defined data centre technology, together with its cloud, mobile and desktop offerings.
Tags: independent
dell
remain
usd
Dell seen making USD 53 bln bid for EMC this week - report
2015-10-12 09:46:00| Telecompaper Headlines
(Telecompaper) Dell is now expected to make its over USD 53 billion offer for data storage maker EMC on 12 or 13 October, Reuters reported, citing people familiar with the matter. EMC has agreed to an offer worth USD 33 a share, including USD 27 in cash, for EMC shares with the rest in new securities tied to the value of VMware, the data centre software maker that EMC controls. As part of the deal, EMC will have up to 60 days to seek a better offer from other potential suitors, said people briefed about the transaction. EMC asked for a 'go-shop' provision to be included in the merger agreement that will allow it to solicit bids from other parties and pay a discounted breakup fee to Dell if there is a deal with another company. The sources added that the clause was EMC CEO Joseph Tucci's way of exhausting all arguments to convince the company's shareholders that a deal with Dell is the best possible outcome for them. The negotiations between Dell and EMC, as well as talks with banks about securing the necessary debt financing, continued on 11 October, and the two sides hope to unveil an agreement on 12 or 13 October.
Dell in talks for USD 40 bln to finance EMC deal - report
2015-10-09 10:29:00| Telecompaper Headlines
(Telecompaper) Dell is looking for USD 40 billion in financing for the acquisition of storage company EMC, the Financial Times reported, citing people people familiar the matter. Dell has approached JPMorgan, Bank of America Merrill Lynch, Barclays and Credit Suisse, among other banks. The company is working with Silver Lake, the Silicon Valley private equity company that backed its own USD 25 billion buyout two years ago. Dell hopes to acquire EMC's core storage business along with a majority stake in VMware, the data centre software company that is EMC's most valuable asset. The company owns an 80 percent stake in VMware that is worth some USD 27 billion. Dell is planning to offer more than USD 27 a share for its target, according to the people familiar with its plans. Both companies, as well as the banks and Silver Lake, declined to comment.
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finance
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dell
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