Shares of Cisco Systems, Inc. (NASDAQ:CSCO) ended Friday session in green amid volatile trading. The shares closed up +0.25 points or 0.79% at $31.83 with 18.16 million shares getting traded. Post opening the session at $31.65, the shares hit an intraday low of $31.65 and an intraday high of $31.95 and the price vacillated in this range throughout the day. The company has a market cap of $162.08 billion and the numbers of outstanding shares have been calculated to be 5.03 billion shares.
On Aug. 31, 2016 Encompass Digital Media, a global technology services company delivering end-to-end video playout and distribution solutions to broadcast and digital media companies, introduces CloudStream™, a cloud-based platform powered by Cisco, to its suite of digital services. Encompass’ CloudStream solution enables TV networks, OTT operators and live event providers to quickly and efficiently generate new revenue opportunities by creating broadcast-quality multiscreen streams for their viewers.
“Encompass offers our clients a complete portfolio of video services providing a cost-effective alternative to building out their own operations,” said Chris Walters, Encompass CEO. “Combining CloudStream with our signal acquisition and managed services capabilities layered onto Cisco’s Media Data Center technology, we have created an industry-leading solution for OTT clients. We chose Cisco as a core component for CloudStream because of its expertise in building out the highly reliable infrastructure that is needed to support Encompass’ full suite of OTT services.”
Key components include:
End-to-end managed service for linear channels and live events including state-of-the-art monitoring and management tools, global dedicated digital NOCs and broadcast-quality SLA
A scalable private cloud solution built on Cisco Media Data Center using the Network Functions Virtualization (NFV) Infrastructure for Media which includes the Unified Computing System (UCS) virtualization server architecture and the Nexus® Series Switches for the data center
Rapid channel deployment and extended services flexibility such as cDVR, and multi-DRM with the Cisco Virtualized Video Processing platform (V2P) for workflow orchestration
Shares of EMC Corporation (NYSE:EMC) ended Friday session in red amid volatile trading. The shares closed down -0.09 points or -0.31% at $28.77 with 30.12 million shares getting traded. Post opening the session at $28.82, the shares hit an intraday low of $28.70 and an intraday high of $28.84 and the price vacillated in this range throughout the day. The company has a market cap of $55.87 billion and the numbers of outstanding shares have been calculated to be 1.96 billion shares.
On August 30, 2016 Dell Inc. and EMC Corp. (EMC) announced that they intend to close the transaction to combine Dell and EMC on Wednesday, September 7, 2016. Dell Technologies, the name of the new combined company, will begin operating immediately following the close of the transaction.
Announcement follows regulatory approval of the Dell and EMC transaction by China’s Ministry of Commerce (MOFCOM), which has granted clearance for the companies’ proposed combination. MOFCOM approval was the final regulatory condition to closing the transaction. EMC shareholders approved the transaction on July 19, with approximately 98 percent of voting EMC shareholders casting their votes in favor of the merger, representing approximately 74 percent of EMC’s outstanding common stock.
“This is an historic moment for both Dell and EMC. Combined, we will be exceptionally well-positioned for growth in the most strategic areas of next generation IT including digital transformation, software-defined data center, converged infrastructure, hybrid cloud, mobile and security,” said Michael Dell, chairman and CEO of Dell Technologies. “Our investments in R&D and innovation, along with our 140,000 team members around the world, will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes.”
“I am proud of everything we’ve built at EMC – from humble beginnings as a Boston-based startup to a global, world-class technology company with an unyielding dedication to our customers,” said Joe Tucci, chairman and chief executive officer of EMC. “The combination of Dell and EMC creates a new powerhouse in the industry – providing the essential technology for the next era in IT.”