Jayson Noland News
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Elliott Management Corp. took a significant stake in NetApp Inc., pressing the data-storage company to change its board and study options to boost shareholder value, people familiar with the situation said.
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Blackstone Group LP pulled out of bidding for Dell Inc. amid concerns about a worsening global PC slump, taking pressure off Chief Executive Officer Michael Dell to sweeten his original $24.4 billion buyout offer.
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Cisco Systems Inc., the world’s largest maker of networking equipment, rose the most in three months after Chief Executive Officer John Chambers showed he’s making progress on a turnaround plan.
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Hewlett-Packard Co., facing investor frustration over sales-forecast cuts and jarring strategy shifts, is considering replacing Chief Executive Officer Leo Apotheker, two people familiar with the matter said.
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Hewlett-Packard Co.’s value has plunged to less than the $31 billion it spent during a five-year takeover binge, the strongest evidence yet that investors would be better served by disassembling the maker of consumer laptops, printers and corporate servers.
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Blackstone Group LP and billionaire Carl Icahn are offering to buy Dell Inc. without retaining Michael Dell as chief executive officer, spurring debate over whether the personal-computer maker would be better off without the entrepreneur who founded it three decades ago.
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Hewlett-Packard Co. , the largest maker of computers, announced a board shake-up aimed at adding foreign-based directors and quelling criticism over the way it handled the departure of Chief Executive Officer Mark Hurd .
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Dell Inc. said it got proposals from Blackstone Group LP and Carl Icahn that may be superior to Michael Dell’s $24.4 billion buyout plan, putting pressure on the founder to sweeten his terms or switch allegiances.
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Brocade Communications Systems Inc., which has been trying to sell itself for more than two years, is a step closer to unlocking a 32 percent gain for shareholders now that its chief executive officer is on his way out.
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Hewlett-Packard Co. agreed to buy Vertica, adding technology that will help customers analyze large and growing quantities of digital data.
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