Shares of Dell (DELL) are down 48 cents, or 3.5%, at $13.40 after the company this morning said it would purchase storage equipment maker Compellent Technologies (CML) for $27.75 per share in cash.
Dell, which had said last Thursday it was in talks with Compellent for an amount near that, achieved [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Shares of Compellent Technologies (CML) are down $5.25, or 16%, at $28.40, after Dell (DELL) announced the two are in “advanced” talks for Dell to acquire Compellent for $27.50 per share in cash, below last night’s close of $33.65.
Dell has entered into an exclusivity agreement, it said, with Eden Prairie, [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Pacific Crest Securities networking analyst Brent Bracelin today raised his rating on shares of Riverbed Technology (RVBD) and Compellent Technologies (CML) to Buy, with $42 and $40 price targets, respectively, based on the trends in corporate IT spending in 2011.
A separate report from Pac Crest this morning said the firm’s [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Canaccord Genuiity analyst Paul Mansky this morning lifted his rating on storage systems provider Compellent Technologies (CML) to Hold from Sell, setting a $27.50 price target, up from $21.50. He’s not exactly a table-pounding bull on the stock, though.
“Fundamentally, we remain negative,” he writes in a research note. “On M&A, [...]
Article courtesy of BARRONS.com: Tech Trader Daily
With Dell (DELL) conceding defeat to Hewlett-Packard (HPQ) in the bidding war for 3Par (PAR), the Street has returned to the business of trying to find the company something else to buy.
The Street’s suggested shopping list:
Compellent (CML) is up 99 cents, or 6.6%, to $16.
CommVault (CVLT) is up $1.11, or [...]
Article courtesy of BARRONS.com: Tech Trader Daily
As the bidding war between Dell (DELL) and Hewlett-Packard (HPQ) for 3Par (PAR) continues, investors remain on the hunt for other potential acquisitions targets in the storage sector:
Compellent (CML) this morning is up $1.10, or 7.4%, to $16.01. For the week, the stock is up 14.8%.
CommVault (CVLT) today is up [...]
Article courtesy of BARRONS.com: Tech Trader Daily