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The Data Storage Buyout Saga Continues (DELL, CML, EMC, ISLN, NTAP, HPQ, STX, STEC)

Posted by Jason Smith at 10:29AM on December 9th

It’s been a busy second half for M&A in the technology space, and according to various reports, Dell (DELL) is prepared to continue the action with a take-under buyout of data storage firm Compellent Technologies (CML). The potential deal is valued at…

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Afternoon Slide Erases Gains for S&P 500, Nasdaq (LOW, DSX, CAT, BUCY, ISLN, EMC)

Posted by Geoff Seiler at 4:49PM on November 15th

Stocks traded mixed in what has to be viewed as a disappointing day. The market looked poised for a good session after a solid October retail sales number and a couple of big mergers. However, the market topped out late…

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Isilon Buyout Comes To Fruition (ISLN, EMC, NTAP, ORCL, HPQ, DELL)

Posted by Jason Smith at 9:10AM on November 15th

Last month Bloomberg said that data storage firm Isilon Systems (ISLN) had hired 3Par advisor Qatalyst Partners to help attract possible suitors, and now sector giant EMC (EMC) has stepped up to the plate. The New York Post said Sunday that the firms were…

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Solid-State Drive Maker STEC Tops Q3 Consensus (STEC, OCZ, NLST, SNDK, STX, ISLN, EMC, ORCL)

Posted by Jason Smith at 8:54AM on November 3rd

STEC, Inc. (STEC) shares soared by as much as 11% in pre-market trading on Wednesday after the solid-state drive (SSD) maker posted its third-quarter results. The company earned $13.6 million, or 26 cents per share, compared to $24.5 million, or 47…

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Isilon Spikes On Q3 Beat (ISLN, TDC, EMC, HTCH)

Posted by Jason Smith at 3:24PM on October 21st

Data storage firm Isilon Systems (ISLN) topped analyst expectations in the third quarter, sending the stock soaring by 7% on Thursday. The company recorded a profit of $4 million, or 5 cents per share, compared to a net loss of -$4.9…

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Flat Market Can’t Stop Data Storage Rally (ISLN, HTCH, DELL, SMOD, NZ, QTM)

Posted by Jason Smith at 4:04PM on October 7th

Select data storage stocks traded higher despite a lackluster performance by the broad market benchmarks.

As a whole, the Data Storage Stocks Index is up by 2% for the day with Isilon Systems (ISLN) and Hutchinson Technology (HTCH) among top performers.

Isilon spiked last week…

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Are More Tech Bidding Wars On The Horizon? (ISLN, DELL, HPQ, NTAP, NLST, CRM, FFIV)

Posted by Owen Vater at 11:17AM on October 4th

Isilon Systems (ISLN) spiked by 9% on Monday after a weekend Bloomberg report said the company has contracted 3PAR advisor Qatalyst Partners to locate potential buyers. Until more official announcements are made, traders can chalk today’s move up to speculation, but analysts…

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Tracking Data Storage Stocks Amid 3Par Bidding War (PAR, HPQ, DELL, CML, CVLT, ISLN, NZ, STX, STEC, NLST)

Posted by Jason Smith at 9:58AM on September 2nd

The 3PAR (PAR) bidding war continued on Thursday after Hewlett-Packard (HPQ) hiked its offer to $33 per share, topping the latest Dell (DELL) bid by a buck. Shares of the Fremont, California-based utility storage system firm are ahead by more than 5% on…

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Dell Bid Sends 3Par Soaring, Sector Follows (PAR, DELL, ISLN, HTCH, STEC, SMOD, NTAP, XRTX, CML)

Posted by Owen Vater at 10:21AM on August 16th

Enterprise data storage firm 3PAR (PAR) spiked by 85% on Monday after a $1.13 billion bid from PC maker Dell (DELL). The offer breaks down to $18 per share in cash, which represents an 87% premium to Friday’s closing value. According to…

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Data Storage Micro-Cap Boasts Apple Compatibility (AAPL, NLST, NTAP, WDC, ISLN, DRAM, STEC)

Posted by Jason Smith at 12:21PM on August 2nd

Mutter Apple (AAPL) in the same breath as a micro-cap stock and it’s likely to send shares of the latter soaring. Such was the case on Monday after data storage player Netlist (NLST) listed the tech giant on its “Validation Status” webpage.…

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