Rackspace Eyes AWS Customers and 4 Chip and Big Data Stocks on the Move
ARM Holdings plc (NASDAQ:ARMH) shares outperformed the FTSE 100 by 54 percent over the most recent six months.
Rackspace Hosting, Inc. (NYSE:RAX) is making attempts to poach some AWS customers. Earlier in the month, Rackspace CEO Lanham Napier stated that his company has begun talks with AWS retail customers, and he stated that there was an obvious conflict with retailers hosting infrastructure on Amazon.
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EMC Corporation (NYSE:EMC) Q3 sales were did not reach expectations, causing an adjustment in the outlook for non-GAAP EPS in FY12. On the other hand, EMC showed solid execution within the tough macro-economic environment and still outperformed its peer companies. Although it still faces issues, EMC’s portfolio has been built to withstand these conditions. Considering the various products, the incorporation of Java, and the acquisition of other brands, EMC will likely show strong competition within its market in the foreseeable future.
Western Digital Corp. (NYSE:WDC): WD®, which is a Western Digital company, and a leader regarding external storage and solutions for today’s connected life, announced its comprehensive support for new storage features in Windows 8 along with an app to be used with the new Windows user interface making it simple to discover, enjoy, and backup digital media and files. Automatically, the WD app for Windows 8 is able to discover digital content on connected WD direct attached storage solutions as it showcases these photos, videos, and music via its live tile on the Start screen. The app assists customers in easily finding and enjoying their digital content along with their media via email and social media sites with the Share charm. The WD app for certified WD products is automatically installed by Windows 8 or it is downloadable from the Windows Store.
VMware, Inc. (NYSE:VMW) board authorized purchasing as much as $250 million of its Class A common stock through the end of 2014. This stock is expected to be purchased from time to time, in the open market or via private transactions, and it is subject to market conditions. VMware predicts that the equity purchase program will assist in partially offseting dilution from its equity programs. This new stock repurchase authorization goes along with the company’s continuing $600 million stock repurchase program, which was first announced February 29.
Investing Insights: Is EMC’s Stock a Sell After These Earnings?