NEW YORK, NY / ACCESSWIRE / January 29, 2018 / VMware shares leaped north to a new high on Friday on speculation that there could be a merger with Dell. Shares of Intel also hit a new high after better than expected earnings results and reassurance over how the company will combat the Meltdown and Spectre vulnerabilities in its chips.

RDI Initiates Coverage on:

VMware, Inc.
http://www.rdinvesting.com/report/?ticker=VMW

Intel Corporation
http://www.rdinvesting.com/report/?ticker=INTC

VMware, Inc. shares closed up 8.99% on about 27.8 million shares traded on Friday with a new high of $165 hit during intra-day trading. The stock soared to a record high after traders learned that there could be a potential merger with computer company Dell Technologies. Bloomberg had reported on Thursday night citing anonymous sources who are familiar with the matter that the board of directors at Dell is considering an IPO as well as other options including the merger with VMware. The board will be meeting soon however a VMWare spokesperson, Michael Thacker, told Silicon Valley Business, "We don't comment on speculation."

Access RDI?s VMware, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=VMW

Intel Corporation shares closed up 10.55% this past Friday with shares zooming to a new 52-week high of $50.15 during intra-day trading. Trading volume was colossal at almost 87 million shares compared to an average of about 33.1 million shares. The stock was one of the biggest gainers on the NASDAQ after the company assured investors on Thursday that it's working to mitigate against Meltdown and Spectre vulnerabilities in its chips. The company's CEO Brian Krzanich remarked that Intel would incorporate ?silicon-based changes to future products that will address the Spectre and Meltdown threats in hardware and those products will begin appearing later this year.? The company stated, "We have and may continue to face product claims, litigation, and adverse publicity and customer relations from security vulnerabilities and/or mitigation techniques, including as a result of side-channel exploits such as "Spectre" and "Meltdown," which could adversely impact our results of operations, customer relationships, and reputation. Separately, the publicity around recently disclosed security vulnerabilities may result in increased attempts by third parties to identify additional vulnerabilities, and future vulnerabilities and mitigation of those vulnerabilities may also adversely impact our results of operations, customer relationships, and reputation." It also pleased investors to know that the company beat in its earnings report. For the fourth quarter, Intel reported EPS of $1.08, excluding items. Analysts had been expecting just $0.86. Revenue at $17.05 billion was also higher than the $16.35 billion that analysts were waiting for. For the full year revenue was up 6% at $62.8 billion. Intel also said it had a one-time tax charge of $5.4 billion.

Access RDI?s Intel Corporation Research Report at:
http://www.rdinvesting.com/report/?ticker=INTC

Our Actionable Research on VMware, Inc. (VMW) and Intel Corporation (NASDAQ: INTC) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com