Yesterday many technology stocks came close to melting up, presumably reflecting expectations for strong growth and profitability in this latest reporting quarter. On the other hand, IBM reported its Q1 after the close and once again, results were singularly disappointing. I am not going to try to review IBM’s quarter in any exhaustive detail; I…
I have written several times in recent weeks regarding VMW and the potential reverse/merger with Dell. Over this past weekend, the rumor has morphed from Dell leaning to a merger with VMWare as a way to capture its cash flow and pay down its debt, to the latest set of rumors that suggest that Dell…
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NetApp held its analyst day yesterday. The presentation was much as anticipated. Specifically, the dividend was doubled, with intimations that it the company is focused on raising yields by steadily increasing dividend payouts. The company presented guidance for fiscal year 2019 which starts on May 1st. The guidance was above the currently published First Call…
We are selling 59 shares of our Dassault holding in the high growth portfolio at the closing price on April 4, of $134.32. This sale will raise $7929. Dassault has been a very strong performer for the portfolio. It is up by 55% over the last year and the shares are no longer much of…
Elliot management announced today that it had acquired a 10%+ stake in the shares of CVLT. Elliot has sent a letter to the board complaining about share price (and operational) underperformance. It has nominated 4 individuals to the board and has noted it looks forward to “constructive engagement.” Elliot is one of the leading activist…
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Perhaps a bit less than meets the eye. Red Hat reported the results of its fiscal Q4 earlier this week. The quarter’s headline results were quite impressive and were a continuation of the company’s positive trends. We had recently removed the shares from our high-growth portfolio, basically to make room for taking a position in…
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