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Dell To Buy Cloud Software Maker Wyse Technology

DOW JONES NEWSWIRES Dell Inc. (DELL) agreed to acquire cloud-computing software provider Wyse Technology Inc. as the computer maker looks to extend its virtual desktop offerings. Financial terms weren't disclosed. Dell--the world's third-largest PC maker by sales behind Hewlett-Packard Co. (HPQ) and Lenovo Group Ltd. (LNVGY, 0992.HK)--recently hired private-equity executive and former CA Inc. (CA) head John Swainson to shore up its software business as its looks to focus on higher-margin operations like software and data-storage systems. The company also agreed in February to buy backup and replication software maker AppAssure Software Inc., Dell's first software acquisition since it formed its software group. Dell expects to close the Wyse Technology deal in the second quarter and said it should add to earnings in the second half of fiscal 2013. The company reported in February its fiscal fourth-quarter earnings fell 18% as a shortage of disk drives hurt its ability to sell higher-end computers, though revenue edged up 2.2%. Shares closed Friday at $16.59 and were inactive premarket. The stock has gained 13% so far this year. -By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

Stock News for Ca Inc. (CA)
DateTimeHeadline
10/23/201409:49:25U.S. Hot Stocks: Hot Stocks to Watch
10/22/201417:22:37CA Revenue Falls 2.4%
08/18/201420:44:05Skilled HealthCare to Merge with Genesis HealthCare in All-Stock...
07/07/201417:34:10CA to Sell Backup and Recovery Business to Marlin, Issues Updated...
05/29/201421:57:46Justice Dept. Sues CA for False Claims on Government Contract...
05/29/201418:03:28Justice Dept. Sues CA for False Claims on Government Contract...
05/29/201417:22:10Justice Department Sues CA for False Claims on Government Contract...
05/29/201416:47:05Justice Department Sues CA for False Claims on Government Contract
05/15/201409:00:42CA Profit Tumbles as Revenue Falls Again
01/21/201417:40:07CA Profit Falls 7.6% on Another Decline in Revenue
01/21/201417:12:57CA Profit Falls 7.6% on Another Decline in Revenue -- Update
11/15/201308:22:25Janus Capital Management 3Q 13F: Largest Eliminations
11/15/201307:59:25Soros Fund Management 3Q 13F: Largest Eliminations
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:10:27AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:10:23AQR Capital Management 3Q 13F: Largest Sales
11/15/201307:04:51Bridgewater Associates LP 3Q 13F: Largest Eliminations
11/14/201307:19:32The Vanguard Group 3Q 13F: Largest Purchases -2-
11/14/201307:19:32The Vanguard Group 3Q 13F: Largest Purchases

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