3 Tech Titans Making Noise: Apple’s Cook Talks Partnerships in China, Dell Bid Hits a Setback, and Cisco’s Set to Beat Estimates
Apple Inc. (NASDAQ:AAPL): Tim Cook visited China Mobile Chairman Xi Guohua in Beijing on Tuesday to reportedly discuss cooperation between the two companies, Reuters reports. China Mobile is the only Chinese carrier not to have a distribution deal with Apple to sell its iPhone and iPad devices, though no further details about the meeting were released.
Dell Inc. (NASDAQ:DELL): A source told Reuters that the $24.4 billion bid put forth by Michael Dell and Silver Lake to take over the PC maker hit a significant headwind on Wednesday after the company’s special committee rejected a request to change the voting rules in exchange for a sweeter bid. The board will consider a new date for a vote on the $13.75 deal, but only under current rules, in which abstentions would be counted as the equivalent of “no” votes.
Cisco Systems (NASDAQ:CSCO): Following checks, Oppenheimer expects Cisco to report results at the high end of guidance for its July quarter. The firm thinks that the company’s guidance may surpass Street expectations, and it raised its estimates on higher organic growth assumptions. The firm keeps an Outperform rating on the shares.