netapp

UPGRADES Goldman Sachs upgrades Johnson & Johnson (NYSE: JNJ) from Neutral to Buy. Click Here for more color.

RBC Capital ups NetApp (Nasdaq: NTAP) from Sector Perform to Outperform, increasing its price target from $55 to $70.

Data Domain ended its agreement to be acquired by NetApp and agreed to be acquired by EMC Corp. for $33.50 a share in cash.

A bidding war over data storage company Data Domain is over, with EMC emerging as the victor.

Firing the latest salvo in a bidding brawl, data storage company EMC Corp. boosted its offer for Data Domain which has already accepted a lower bid from NetApp Inc.

Raising the stakes in a contentious Silicon Valley bidding war, EMC for Data Domain to $33.50 per share in cash in hopes of snatching the company from NetApp.

• EMC Corporation (NYSE: EMC) increased its offer to acquire all the outstanding common stock of Data Domain, Inc.
  
  (Nasdaq: DDUP) to $33.50 per share in cash, for a total enterprise value of approximately $2.1 billion, net of Data Domain's cash.
  
  EMC's past offer was $30 per share. In submitting its revised proposal to Data Domain's Board of Directors, EMC emphasized that its all-cash offer is clearly superior to the $30 per share stock-and-cash proposal from NetApp (Nasdaq: NTAP).

Wall Street is clearly expecting an aggressive bidding war for Data Domain after NetApp matched EMC’s $30-a-share bid for the data backup company.

Data storage company EMC Corp. is offering $30 per share, or $1.8 billion, for Data Domain Inc., one-upping a rival bid for the backup system provider from rival NetApp Inc.

Stein Mart (Nasdaq: SMRT) 43.7% HIGHER; reports Q1 EPS of $0.38, 22 cents better than the analyst estimate of $0.16.

Revenue for the quarter was $319.6 million, versus the consensus of $315.9 million. Reports Q1 SSS down 8%. OpenTable (Nasdaq: OPEN) 40% HIGHER; another hot IPO hits the market today! after initially ranging at $12-$14, then getting raised to $16-$18, the IPO priced at $20 and has since surged another $7.

Data Domain (Nasdaq: DDUP) 35% HIGHER; to be acquired by NetApp for $25 per share.

Data Domain (Nasdaq: DDUP) 35.5% HIGHER; to be acquired by NetApp for $25 per share. Westell Technologies (Nasdaq: WSTL) 11.7% HIGHER; reports Q4 loss of $0.01, ex-items, versus the analyst estimate of ($0.04).

Revenue for the quarter was $56.3 million, versus the consensus of $50 million. Hot Topic (Nasdaq: HOTT) 10.6% LOWER; reports Q1 EPS of $0.03, 1 cent better than the analyst estimate of $0.02.

Revenue for the quarter was $175.1 million, versus the consensus of $174.73 million.