Notable Movers: EMC Corporation (NYSE:EMC), Vale SA (NYSE:VALE)

Pompano Beach, FL -- (SBWIRE) -- 01/04/2013 -- Lenovo and EMC Corporation (NYSE:EMC) have declared that they have accomplished the creation of LenovoEMC Ltd, which was formerly declared in August 2012, as well as a broader strategic association in industry standard servers and networked storage solutions.

The deal would bring co-branded NAS solutions to distributed enterprise, far away branches, and small and medium businesses all the while joining the strategic assets of EMC’s Iomega business.

How would this joint venture benefit Lenovo and EMC performances? Find out in this report

This JV is a crucial move for Lenovo as prior to this agreement they had no branded storage alternatives. Instead of purchasing a SAN/NAS firm, Lenovo moved into the storage unit with what amounts to be essentially a lighter version of EMC’s (EMC) enterprise storage portfolio.

Shares of EMC Corporation (NYSE:EMC) were moving lower -0.66% on 12:53 PM EST.

The Bovespa index ended its three-day rally as Brazil’s industrial production plunged and doubted the US might lower stimulus measures drove commodities down.

Iron-ore producer Vale SA (NYSE:VALE), which has the largest influence on the Bovespa, contributed the most to the gauge’s plunge. OGX Petroleo & Gas Participacoes SA (OGXP3), the billionaire Eike Batista’s oil firm, jumped to its maximum level in two months following starting production at a third well.

Will Vale be able to gain after this move? Click here to get answers

Vale (VALE) stock was down during Friday trading session. Steelmaker Usinas Siderurgicas de Minas Gerais SA, called as Usiminas, which plunged 4.2 percent to 12.67 while Cia. Siderurgica Nacional SA (SID) shed 3 percent to 12.42.

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