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Beyond Meat stock surges after the plant-based meat maker says it’s taking steps to reduce expenses, and eBay jumps after earnings top estimates and the. ....
Workday raises its fiscal-year forecast for subscription revenue, Las Vegas Sands discloses that Miriam Adelson, the casino company's largest shareholder,. ....
Intel had snatched away VMware CEO Pat Gelsinger to replace Bob Swan and fix the troubled chip giant is weighing heavily on shares of both VMware and Dell Technologies, which has an 80.6% stake in the company. Last year, Dell (ticker: DELL) confirmed press reports that it was considering spinning off its VMware stake to current Dell holders. In such a transaction, VMware (VMW) would likely pay a large cash dividend back to Dell that the PC maker would then use to reduce its substantial debt load. Now, with VMware losing its iconic leader, there are concerns on Wall Street about VMware’s valuation. Keep in mind that the value of Dell’s stake in VMware is almost equal to Dell’s entire market capitalization. ....