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The stock market’s next step could be its most pivotal

“But if the trade skirmish escalates into a full-blown trade war, that will swamp the fundamentals and equity markets will really suffer” writes Markets Reporter for marketwatch.com. The U.S. stock market’s bulls and bears have for months been a arm-wrestling match with no end in sight.If the issue becomes a full trade war, the S&P could drop 21%, enough to put it in bear-market territory.The market’s general momentum and sentiment are still positive, and we’ve yet to see the full effects of the tax-cut legislation. Source: marketwatch.com Share This:

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Supreme Court Justice Anthony Kennedy to retire after three decades

“He became the swing vote on the ideologically divided court after fellow centrist conservative Justice Sandra Day O’Connor retired in 2006” writes Aol Staff for aol.com. WASHINGTON, June 27 (Reuters) – Supreme Court Justice Anthony Kennedy said on Wednesday he plans to retire after three decades as a pivotal vote on the highest U.S. judicial body, giving President Donald Trump an opportunity to make the court more firmly conservative. Source: aol.com Share This:

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Pivotal Software shines in post-IPO earnings report

“Analysts on average expected adjusted earnings of 13 cents a share on sales of $140.4 million, according to FactSet” writes Jeremy C for marketwatch.com. Subscription revenue came in at $90.1 million, up from $53.4 million a year ago, while Pivotal’s other revenue generator, services, actually declined slightly, from $67.8 million to $65.6 million. Source: marketwatch.com Share This:

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The IPOs keep on coming: Raising $497M, Pivotal Software sees modest share price bump

“Shareholder General Electric Co. is also selling about 3.9 million shares, about 20 percent of its stake in Pivotal” writes Paul Gillin for siliconangle.com. The company, majority-owned by Dell Technologies Inc., had sold 33.1 million shares late Thursday at $15 apiece.Still, the modest rise in shares also indicates Pivotal priced the offering about right, leaving little money on the table.Dropbox Inc. went public March 23 in a $756 million offering that saw its shares rise 40 percent the first day.The offering also values the company, a maker of software for…

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Pivotal priced IPO at $15/share, in the middle of announced range of $14-$16, raising $555M and giving company a valuation of about $3.8B

“Pivotal said it would sell at least 37 million shares at the IPO price, the midpoint of the expected price range of $14 to $16” writes Jeremy C for marketwatch.com. PVTL, +4.87% priced its initial public offering at $15 a share early Friday, raising $555 million at a valuation of about $3.8 billion based on shares outstanding.GE, +3.93% sold about 3.9 million of the shares to receive about $58 million. Source: marketwatch.com Share This:

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Pivotal spikes in IPO before losing gains

“On Thursday Pivotal priced its stock at $15 per share in its initial public offering” writes Jordan Novet for cnbc.com. The company has raised $555 million in the process by selling 37 million shares ahead of its debut on the New York Stock Exchange on Friday.On April 9, the company said it expected to sell stock at $14 per share to $16 per share.Shares of enterprise software company Pivotal started trading on Friday, the first day on the public market for the IPO. The stock opened at $16.75 per share,…

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Pivotal goes public at $15 a share, CEO Rob Mee calls it “message of strength and independence”

“Dell is apparently still considering a reverse merger with VMware to once again become a public company, but the details of that transaction would be complex” writes Tom Krazit for geekwire.com. The company’s independence is not complete; Dell Technologies remains the controlling shareholder in the company, but Mee said chairman and CEO Michael Dell is content to let Pivotal operate as a standalone company.Mee thinks Kubernetes and serverless computing will remain important emerging technologies for its customers in 2018 and beyond.Pivotal broke free of the Dell Technologies conglomerate Friday morning,…

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Pivotal prices IPO at $15 a share

“Pivotal said it would sell at least 37 million shares at the IPO price, the midpoint of the expected price range of $14 to $16” writes Jeremy C for marketwatch.com. PVTL, +0.00% priced its initial public offering at $15 a share early Friday, raising $555 million at a valuation of about $3.8 billion based on shares outstanding.GE, +2.42% sold about 3.9 million of the shares to receive about $58 million. Source: marketwatch.com Share This:

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Dell’s Pivotal Software expects IPO to raise up to $592 million

“The company, which plans to list on the New York Stock Exchange under the ticker symbol “PVTL”, filed for an IPO on March 23″ writes Source Pivotal Software for cnbc.com. Dell, the world’s largest privately held technology company, has been under pressure to boost profitability after its debt-laden acquisition of data storage provider EMC Corp. for $67 billion in 2016 failed to meet financial targets due to intensifying price competition. Source: cnbc.com Share This:

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