Blackstone Mulling Bid For Dell and 2 Dow Movers To Monitor
Hewlett-Packard Company (NYSE:HPQ): Current price $22.70
According to Fortune late Wednesday, The Blackstone Group (NYSE:BX) is seriously mulling an offer for Dell (NASDAQ:DELL), and is reaching out to potential chief executive replacements in the possibility that Michael Dell stays tied to Silver Lake Partners. One of Blackstone’s top picks to run Dell is former Hewlett-Packard Chief Executive and current President of Oracle Corporation (NASDAQ:ORCL) Mark Hurd, but it is unclear if Hurd has any interest in such.
International Business Machines Corporation (NYSE:IBM): Current price $211.42
IBM has been named by the State of Ohio for a $267 million 10-year modernization of the Ohio Computing Center via the development of a private cloud computing environment and the utilization of other hardware, software and services from the corporation.
Intel Corporation (NASDAQ:INTC): Current price $21.08
Intel pulls back modestly following Citigroup and JP Morgan issuing cautious notes in regards to the chip maker earlier Thursday. Analyst Glen Young at Citigroup lowered his first and second quarter revenue estimates for the firm below analysts’ consensus outlook, explaining that demand for PCs in China during the Chinese New Year was weak, and that customers may not buy computers equipped with Intel’s current Ivy Bridge chip prior to the launch of its new Haswell architecture in the coming months. Young trimmed his price target to $23 from $25 and maintained a Neutral on the shares. Meanwhile, analyst Christopher Danely at JPMorgan wrote that data from Asian companies show that PC shipments will fall below normal seasonal levels in the current quarter, and that Intel’s 2013 results could come in below its guidance and the consensus estimates. Danely maintained a Neutral on the shares.