Company Update (NYSE:EMC): EMC shareholders approve Dell merger

[at American City Business Journals] – EMC Corp. announced Tuesday that shareholders have approved the company’s $60 billion plan to merge with Texas-based Dell Inc. “Today’s resoundingly favorable shareholder vote clearly supports our view that combining Dell and EMC will create a powerhouse in the technology industry,” said Joe Tucci, EMC Chairman and CEO, in a prepared statement. The new company would be known as Dell Technologies. Read more on this. , valued at $recting to http://finance.ya, finished yesterday at $. Looking at the stock, its one day range is $ with a one year range of $. Priced at x this year’s forecasted earnings, EMC shares are relatively inexpensive compared to the industry’s x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 0 sell-side analysts are looking at $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $, which would be a $0.00 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $0.00 . If reported, that would be a 0.00% decrease over the year-ago quarter. Recently, d EMC from to (/fi). Previously, d EMC from to . When considering if the stock is under or overvalued, the average price target is $, which is 0.00% below where the stock opened this morning. See more in (NYSE:EMC) Similar Articles: Market Update: EMC Corporation (NYSE:EMC) – Michael Dell cites growth post merger, slams rival HP Market Update: EMC Corporation (NYSE:EMC) – Dell to put EMC exec in big role after merger Company Update (NYSE:EMC): Only an ‘act of God’ could stop Dell merger, EMC exec says