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EMC (EMC +0.9%) and VMware (VMW +0.7%) trade higher after Longbow starts coverage on EMC with a...

EMC (EMC +0.9%) and VMware (VMW +0.7%) trade higher after Longbow starts coverage on EMC with a Buy and $30 PT. Longbow's launch offsets a critical report from Bernstein: the firm notes EMC shares have a historical correlation with VMware's, and thinks VMware's challenges could affect EMC's performance.
Comments (2)
  • I imagine that EMC has a bright future.

     

    The problem is that it is in the future.

     

    In the meantime, how about a 5% dividend or something so that I can buy another Starbucks latte.

     

    I'm getting old (er, at least).
    11 Mar 2013, 10:49 AM Reply Like
  • "EMC shares have a historical correlation with VMware's..."

     

    (EMC) owns 92% of (VMW). (VMW) spun off from (EMC) about 6 years ago.
    11 Mar 2013, 12:07 PM Reply Like
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