Shebly Seyrafi News
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Mellanox Technologies Ltd. surged to its highest in three months as analysts from Lazard Capital Markets LLC to JMP Securities LLC said the six-month rout that made the company the worst performer among Israeli stocks traded in New York was overdone.
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Dell Inc. is going private in a $24.4 billion leveraged buyout that signals the waning of the personal-computer industry it once dominated.
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Now that Michael Dell has clinched a deal to take his company private, he faces the bigger challenge of turning a business falling behind in personal computers into a provider of high-margin cloud-computing tools and services.
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NetApp Inc., viewed as a takeover target for almost a decade, is becoming increasingly attractive for potential acquirers as the data-storage company nears its cheapest valuation on record.
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Mellanox Technologies Ltd. tumbled to the lowest level since April in New York after the Israeli developer of data-management technology cut its fourth-quarter revenue forecast on weaker demand and a product glitch.
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EMC Corp., the world’s biggest maker of storage computers, cut its sales forecast for the year and posted earnings that missed estimates as a weak economy prompted corporate customers to curb spending.
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Bets on Teva Pharmaceutical Industries Ltd.’s decline are rising to the highest in a year on concern the Israeli drugmaker won’t succeed in blocking competition for its best-selling Copaxone treatment.
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Brocade Communications Systems Inc., a maker of switches for data-storage networks that has been seeking to sell itself, said Chief Executive Officer Michael Klayko plans to resign.
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Hewlett-Packard Co. Chief Executive Officer Meg Whitman, in her drive to boost profitability, took another step toward dismantling the computing empire former CEO Mark Hurd built with $24.3 billion in acquisitions.
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Hewlett-Packard Co. Chief Executive Officer Meg Whitman, in her drive to boost profitability, took another step toward dismantling the computing empire former CEO Mark Hurd built with $24.3 billion in acquisitions.
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