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Cisco JV partner EMC (EMC +4.5%) joins the list of companies rallying in response to Cisco's FQ3...

Cisco JV partner EMC (EMC +4.5%) joins the list of companies rallying in response to Cisco's FQ3 beat and guidance. Cisco mentioned on its earnings call integrated hardware solutions such as Vblock (offered by the Cisco/EMC VCE JV) are driving demand for its UCS servers - Cisco's UCS unit saw 77% Y/Y rev. growth. All in all, it's a good day for enterprise IT names, who are happy to receive some good earnings news after getting plenty of bad news (I, II, III, IV). HPQ +1.7%. IBM +1.3%. ORCL +1.3%. VMW +2.6%. TIBX +4.1%. CTXS +3.9%. CRM +3.8%. JIVE +4.1%. NTGR +2.7%. CVLT +2.6%. INFA +3%. (others rallying: I, II)
Comments (1)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    Every day is new and exciting for me because I can't remember anything.

     

    I forgot (I think) about the EMC CSCO relationship.

     

    I get to re-learn about it today.
    16 May 2013, 12:33 PM Reply Like
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