EXCLUSIVE-EMC to keep majority stake in Virtustream -sources Nov 24- EMC Corp, in a bid to boost shareholder support for its sale to Dell Inc, will retain a majority stake in Virtustream and abandon a plan to place the loss-making cloud services provider in a joint venture with VMware Inc, people familiar with the matter said. The move is aimed at lifting VMware's shares, which have lost about a quarter of their value since...
| By: Liana B. Baker and Greg Roumeliotis
Dell acknowledges security hole in new laptops Nov 23- Major U.S. computer company Dell Inc said on Monday a security hole exists in some of its recently shipped laptops that could make it easy for hackers to access users' private data. A pre-installed program on some newly purchased Dell laptops that can only be removed manually by consumers makes them vulnerable to cyber intrusions that may allow hackers to...
| By: Dustin Volz
Blue Cross & Blue Shield RI to lay off 80 employees PROVIDENCE, R.I.— Blue Cross& Blue Shield of Rhode Island has announced that it plans to lay off 80 employees. Dell has provided information technology support to Blue Cross for almost a decade and will take on a much larger role in the nonprofit organization starting in January. Executive Vice President and Chief Financial Officer Michael Hudson tells The...
Source: The Associated Press
UPDATE 1-NetApp profit beats estimates as cost cuts, cloud focus pay off Nov 18- NetApp Inc reported a quarterly profit that beat analysts' estimates, as the company's cost-control measures and a shift to cloud-based storage products begin to yield results. NetApp faces strong competition from EMC Corp, which is being bought by Dell Inc in a $67 billion deal, and newer flash-based storage vendors such as Nimble Storage Inc..
| By: Anya George Tharakan