HEWLETT PACKARD ENTERPRISE STOCK UPDATE
OpenAI buys database analytics company Rockset in 9-figure stock deal
Microsoft-backed OpenAI acquired database analytics startup Rockset to enhance its enterprise products, the ChatGPT maker announced. The deal size was undisclosed.
Block Deal Buzz: Blackstone offloads 15% stake in Mphasis worth Rs 7,000 crore; stock drops 4%
Global investment firm Blackstone likely sold a 15% stake in Mphasis, leading to a 3.7% share price drop. It's the year's second-largest block deal. Blackstone, owning 55.45%, will drop to 40.4% after the deal. Mphasis specializes in IT services, especially in BFSI. Last year, shares rose 27.5%, but in 2024, they fell 13.6%.
S&P 500, Nasdaq close at record highs as data supports Fed easing
S&P 500 and Nasdaq hit record highs on Wednesday fueled by tech stocks amid expectations of Fed's easing cycle, impacting various sectors and economic indicators.
Tech stocks lift Nasdaq, S&P 500 as rate-cut expectations tick up
Nasdaq hits record intra-day high on tech rally, fueled by gains in Microsoft and Amazon. Investors remain cautious, weighing economic concerns against the possibility of earlier Fed rate cuts.
Hewlett Packard surges over 12% as AI-server demand powers strong results
Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier.
Stocks in news: Honasa Consumer, ITC, IndiGo, Vodafone Idea, ZEE
Honasa Consumer, which owns and operates Mamaearth, on Thursday reported a net profit of Rs 30.4 crore for the fourth quarter ended March 2024.
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Hewlett Packard Enterprise to buy Juniper Networks in $14-billion deal
HPE offered $40 per share to Juniper shareholders, the companies said on Tuesday. That represents a 32.4% premium to the stock's close on Monday, when the news of the deal first emerged.
US stock market: Dow, S&P 500 retreat as yields edge up ahead of data, earnings
The S&P 500 and Dow lost ground and closed lower on Tuesday, pressured by a modest rise in Treasury yields as investors assessed the timing and size of any Federal Reserve interest rate cuts in 2024 ahead of inflation data this week.
Juniper soars 21% on reports Hewlett Packard Enterprise close to $13-billion deal
HPE, grappling with sluggish demand in its traditional server business, is looking to tap into Juniper's offerings such as network security and AI-enabled enterprise networking operations (AIOps).
Wall St drops as Treasury yields drag megacaps; inflation data eyed
At 9:37 a.m. ET, the Dow Jones Industrial Average was down 232.22 points, or 0.62%, at 37,450.79, the S&P 500 was down 25.67 points, or 0.54%, at 4,737.87, and the Nasdaq Composite was down 96.80 points, or 0.65%, at 14,746.97.
Wall St falls on Fed hike jitters ahead of debt ceiling vote
Another round of earnings highlighted the pinch of higher prices being felt by corporate America.
US stocks climb as yields pull back
The U.S. 10-year Treasury yield fell on Friday after touching a four-month high in the previous session but stayed above the 4% level.
India Inc driving small vendors to adopt strong IT infra: HPE India head
Ancillary units or vendors of large enterprises are leading this demand, as they seek to comply with the IT requirements of clients, said HPE India MD Som Satsangi.
Blackstone leads $2.8 billion bet on Mphasis, ADIA, GIC & UC Investments become co-investors
World's largest PE fund, offers $1.1 billion to buy additional 26% of co to own up to 75% of co from current 56%; to remain controlling shareholder
Love in the age of digital transformation: What a Xerox-HP merger tells us about the printing industry
Founded in 1939 by two Stanford graduates at a garage in Palo Alto, HP Inc. was once the envy of Silicon Valley.
Donald Trump threatens tariffs on $267 billion more of China goods
Tariffs on $200 billion of products “will take place very soon depending on what happens,” Trump said.
Dell to return to public markets with tracking stock buyout
Founder Michael Dell took the company he founded in his dorm room private in 2013 with investment firm Silver Lake Management LLC for about $25 billion.
Blackstone sells 8% stake in Mphasis
Blackstone's holding in the company has fallen to 52 per cent from a little over 60 per cent.
New Uber CEO hints at 2019 IPO as he takes over troubled startup
Rewriting the company's ethical code will be a symbolic way for the newly appointed CEO to put his stamp on a company scarred by months of management turmoil.
Blackstone says no plans to replace current Mphasis management after $1.1 billion-buyout
Blackstone’s India co-head of private equity Amit Dixit said that Blackstone has no immediate plans of delisting Mphasis from stock exchanges.
Blackstone emerges as strongest contender to acquire Mphasis from Hewlett Packard Enterprise
Blackstone has emerged the strongest contender to acquire IT services firm Mphasis from Hewlett Packard Enterprise in a deal that could be worth over $1 bn.
IT rivals, PEs in fray as HP kicks off $1 bn Mphasis exit
Hewlett-Packard Enterprises holds 60.5% stake worth around $1 billion in Mphasis and accounts for 34% of the Bengaluru-headquartered company's revenue.
What’s worse than one sluggish Hewlett-Packard? Two
Which big technology company is most likely to follow industry pioneers like Digital Equipment and Sun Microsystems into the tech dustbin?
Dell to buy EMC in $67 bn record tech deal, aims for cloud market
The deal should help Dell diversify from a stagnant consumer PC market and give it greater scale in the more profitable market for cloud-based data services.
Foxconn vows $2 billion push to Make in India; plans to set up manufacturing plants over next 5 years
Separately, the manufacturer of the iconic Apple iPhones is also planning to set up one or more data centres and some fab units over the next 10 years.
Hewlett-Packard to invest over $1 billion in Cloud products and platforms
Cloud is one of the fastest growing businesses for HP globally. It already has over 2000 cloud customers across the world.
Hewlett-Packard enterprise sales pickup stirs turnaround hopes
Revenue from the sprawling enterprise group, which Chief Executive Meg Whitman is focused on expanding as personal computer sales crumble globally.
PC sales up 24% in Q2 2013; weak rupee affects enterprise spend
HP continued to lead India PC market and recorded its highest ever quarterly market share with an exceptional 34.1 pc share in Q2 2013.
Tough time ahead for Mphasis as Hewlett Packard cut its sales forecast
Mid-sized IT services firm Mphasis seems headed for tougher times after its parent and biggest client Hewlett Packard cut its sales forecast.
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