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The tech company is now private, but some people think a public offering could come soon.
NetBank: A direct bank, its stock price per share fluctuated between $3.50 and $83 in 1999. [39] Netscape: After a popular IPO, it was acquired by AOL in 1999 for $4.2 billion in stock. Network Solutions: A domain name registrar led by Jim Rutt, it was acquired by Verisign for $21 billion in March 2000, at the peak of the bubble.
In early May 2019, cloud computing and virtualization software giant VMware (NYSE:VMW) looked unstoppable. VMware was riding high on big-time partnerships with cloud platform giants Amazon (NASDAQ ...
Paul Maritz became Pivotal's chief executive immediately after the spin-out. [5] Maritz had joined EMC in February 2008 when Pi Corporation, a company he co-founded, was acquired and was previously the CEO of VMware. [6] [7] The Greenplum Database (acquired by EMC in 2010) formed the basis of a division selling software for the big data market. [8]
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
When Dell bought EMC in 2016 for $67 billion it was one of the biggest acquisitions in tech history, and it brought with it a boatload of debt. Since then Dell has been working on ways to mitigate ...
On January 29, 2018, it was reported that Dell Technologies was considering a reverse merger with its VMware subsidiary to take the company public. [21]On December 28, 2018, Dell Technologies became a public company, bypassing the traditional IPO process by buying back shares that tracked the financial performance of VMware.
Both companies split their stock 20-for-1 in 2022, when each traded for more than $2,000 per share. This brought them down to more reasonable levels, at a split-adjusted $100 per share.