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WallStreetCowboy

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WallStreetCowboy

Re: None

Friday, 10/12/2012 1:22:43 PM

Friday, October 12, 2012 1:22:43 PM

Post# of 285
Possible acquisition involving QTM!!

Friday October 12, 2012

NetApp, Inc. (NASDAQ:NTAP): Yesterday, Wells Fargo stated that the hiring of Jonathan Kissane as chief strategy officer means it is not probably that NetApp will be acquired. Wells thinks that the moves suggests that NetApp hopes to grow bigger, and noted that recent industry trends have moved toward owning more of the entire stack. The firm also stated that shares of Quantum (NYSE:QTM) and Commvault (NASDAQ:CVLT) will probably increase due to their possibility as acquisition targets. Wells keeps its Market Perform rating on the stock, and it continues to prefer its competitor EMC (NYSE:EMC).
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