Scalper1 News
EMC (EMC) on Wednesday said it would accelerate its share buybacks amid speculation that activist investor Elliott Management will push for structural changes at the data storage system maker, including spinning off all of VMware. EMC raised its share buyback authorization for 2014 to $3 billion from $2 billion. Elliott Management reportedly has purchased more than $1 billion in EMC stock, roughly 2% of the Hopkinton, Mass.-based company. Joe Scalper1 News
Scalper1 News