EMC Corporation (NYSE:EMC) and Cisco Systems, Inc. (NASDAQ:CSCO) confirmed on Wednesday a Wall Street Journal report late Tuesday that detailed the next phase for the joint venture they share with VMware (VMW) known as VCE. Expected to be finalized this quarter, VCE will become an EMC Corporation (NYSE:EMC) business. Cisco Systems, Inc. (NASDAQ:CSCO) and VMware, the founding partners, will continue as strategic partners and investors, with Cisco having an approximately 10% equity interest in VCE after selling some of that stake to EMC.VCE's charter will focus on simplifying the deployment of hybrid clouds, including a full range of converged infrastructure offerings, applying its unique innovations and expertise to a broad range of hybrid cloud solutions, the companies said in a statement. Under this next phase, VCE will continue to advance new solutions based on the Vblock Systems, which feature best-of-breed technologies exclusively from Cisco, EMC and VMware. CSCO moves in a 52-week range of $20.22 to $26.08.Equifax Inc. (NYSE:EFX) reported Q3 non-GAAP net income of $124.9 million, or $1.01 per diluted share, beating Capital IQ estimates of $0.98 per share, and up from net income of $111.6 million, or $0.90 per share for the same quarter of 2013. On a GAAP basis, EFX reported EPS of $0.75 per share, up 12% from last year. Revenue of $613.4 million missed Cap IQ estimates of $622 million, but improved from $572 million for Q3 2013. For Q4 2014, the company expects revenue to be between $615.0 million and $620.0 million and fourth quarter 2014 Adjusted EPS is expected to be between $0.99 and $1.03. This compares to the consensus estimate of $1.03 per share on revenue of $632 million. Shares of Equifax Inc. (NYSE:EFX) are trading with a 52-week range of $61.18 to $79.94.Lannett Company, Inc. (NYSE:LCI) released its expectations for fiscal first quarter sales and earnings per share, ahead of full financial results scheduled for Nov. 3, 2014. Lannett Company, Inc. (NYSE:LCI), the generic drug manufacturer said it expects first quarter net sales of approximately $93 million and diluted earnings per share between $0.91 and $0.94. For the prior year first quarter, the company recorded net sales of $45.8 million and adjusted net income of $6.7 million, or $0.22 per diluted share. Analysts surveyed by Capital IQ project EPS of $0.74 on revenue of $90.2 million for Lannett's fiscal first quarter.
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