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By | Simon Sharwood 12th September 2014 02:09

EMC has nothing to say on VMware sale plan

Rumour and counter-rumour swirl around Wall Street

EMC has reportedly refused to say whether or not it intends to sell a stake in VMware, after being reported as entertaining just such a sale.

Confused? Here's how this is playing out.

Back in July, activist investor Elliot Management picked up a stake in EMC. Someone then whispered in The Wall Street Journal's ear that Elliot did so in order to engineer a spin-out of VMware, the better to line investors' pockets.

In weeks since, EMC has acknowledged its duty to engage with shareholders in order to improve their prospects. It has also re-iterated the belief that EMC works best as a ”federation” of companies.

Fast forward to Thursday, when The New York Post reported that EMC “has decided to explore selling its stake in VMware”.

Not many hours after that story appeared, a credible source told Re/code that The Post's story is bunk. Another 90 minutes or so later, Reuters heard similar whispers.

None of the allegations floating around can be tied down to an actual person willing to put their names to their “facts”. So this looks like either rumour-mongering or some kind of weird Wall Street leaking game in which players prod each other through the media.

Let's just keep the kit these players need to go about their business running, shall we? ®

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