Shares of Hewlett Packard Enterprise Co (NYSE:HPE) ended Tuesday session in green amid volatile trading. The shares closed up +0.13 points or 0.57% at $22.92 with 13.12 million shares getting traded. Post opening the session at $22.69, the shares hit an intraday low of $22.56 and an intraday high of $23.02 and the price vacillated in this range throughout the day. The company has a market cap of $37.75 billion and the numbers of outstanding shares have been calculated to be 1.67 billion shares.
Hewlett Packard Enterprise Co (HPE) on Sep 27, 2016 unveiled details of its upcoming HPE | Microsoft Azure Stack solution, an integrated system that will enable organizations to increase agility and flexibility by delivering Azure compatible infrastructure as-a-service (IaaS) and platform-as-a-service (PaaS) services from their on-premises data center. HPE also introduced new HPE Consulting for Azure Hybrid Cloud services to help enterprises and service providers successfully implement Azure Stack, as well as enhancements to HPE Flexible Capacity and support for Azure.
Organizations are turning to hybrid cloud strategies that include both private and public clouds to reduce costs and increase flexibility while retaining the control some businesses require. Using Azure Stack powered by HPE integrated systems, enterprises and service providers will be able to realize the speed and simplicity of the public cloud, combined with the cost-effectiveness and security of an on-premises private cloud. Co-engineered by HPE and Microsoft, the HPE | Azure Stack solution will provide enterprises with an Azure hybrid cloud platform in their own datacenter that is compatible with Azure public cloud services.
“Many enterprises would like to host Azure within their data centers for performance, security or compliance reasons and many service providers would like to offer Azure-compatible services for data sovereignty or other targeted services,” said Paul Miller, vice president of marketing, Converged Data Center Infrastructure, at Hewlett Packard Enterprise. “HPE is teaming with Microsoft to deliver the right mix of on- and off-premises Azure services with built-in security, operations management, pay-as-you-go pricing and the expertise that provides unmatched flexibility and cost savings for enterprise workloads.”
Shares of Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) ended Tuesday session in green amid volatile trading. The shares closed up +0.56 points or 1.88% at $30.40 with 5.71 million shares getting traded. Post opening the session at $29.80, the shares hit an intraday low of $29.65 and an intraday high of $30.43 and the price vacillated in this range throughout the day. The company has a market cap of $153.94 billion and the numbers of outstanding shares have been calculated to be 25.93 billion shares.
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (TSM) engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits, color filters, and other semiconductor devices. The company is also involved in manufacturing masks; and wholesaling and retailing electronic materials. In addition, it provides marketing and engineering support services; and customer service and technical support services, as well as sells electronic parts and solar related products. The company operates in Taiwan, the United States, Asia, Europe, the Middle East, Africa, and internationally. Taiwan Semiconductor Manufacturing Company Limited was founded in 1987 and is headquartered in Hsinchu, Taiwan.