Tech Titans on the Move: EMC LOVES Verizon, Google’s DROPPING Price Target
EMC Corporation (NYSE:EMC): Verizon company Terremark (NYSE:VZ) and EMC will enter a strategic initiative in which both companies will try to identify, build and offer tailored, cloud-based solutions relying on Terremark’s global service and EMC’s best, cloud-optimized information infrastructure technologies. This initiative should entail EMC in providing the advanced technology infrastructure for Terremark’s Enterprise Cloud Private Edition offering, including public and hybrid deployments. This should increase the number of options for all IT organizations wishing to better business agility, possess greater efficiency, and control cost as they continue to transform to cloud computing.
Google Inc. (NASDAQ:GOOG): Following the reduction of Google’s 2012 and 2013 estimates in order to reflect a stronger dollar, Deutsche Bank decreased the company’s price target, but the firm believes Google’s diversion from free product listings in Google Shopping will improve user experience and increase ad dollars. Deutsche Bank maintains a Buy rating on the stock.
Don’t Miss: GENIUS? Facebook’s Mobile Strategy SHARED.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.