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Stock Market & Financial Investment News

News For AAPL;MSFT;GOOG;STX From The Last 14 Days
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July 30, 2015
11:26 EDTMSFT, GOOGAppeals court affirms lower court judgment in Microsoft, Motorola patent suit
The 9th Circuit Appeals court affirmed the judgment of a district court in a patent lawsuit between Microsoft (MSFT) and Motorola, which is now owned by Google (GOOG). In its ruling, the appeals court wrote: "With the partiesí consent, the district court conducted a lengthy, thorough bench trial on the RAND rate and range. The court analyzed that evidence in its exhaustive findings of fact and conclusions of law, in a manner consistent with the Federal Circuitís recent approach to establishing damages in the RAND context. The courtís factual findings were properly admitted at the jury trial. The juryís verdict was supported by substantial evidence, and its damages award was proper." In a tweet after the ruling was released, Markman Advisors, which specializes in patent law, stated that Microsoft, Qualcomm (QCOM), InterDigital (IDCC) and others will be affected by this ruling, which it characterized as "tough for licensors of standard-essential patents."
09:36 EDTAAPL, MSFTActive equity options trading on open
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09:36 EDTAAPL, MSFTActive equity options trading on open
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08:42 EDTSTXSeagate July weekly volatility increases into Q4 and outlook
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06:48 EDTAAPLGlobal tablet market fell 7% y/y in Q2, DigiTimes reports
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06:04 EDTAAPLApple implied volatility of 20 at lower end of index mean range
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July 29, 2015
14:12 EDTSTXEarnings Watch: Hard drive makers report amid PC sector fears
Western Digital (WDC) and Seagate (STX) are expected to report quarterly results on July 29 and 31 with conference calls scheduled for 5:00 pm ET and 9:00 am ET, respectively. The two companies develop and manufacture computer storage solutions, including hard disk drives. EXPECTATIONS: Analysts are expecting Western Digital to report earnings per share of $1.45 on revenue of $3.25B, while Seagate is expected to report earnings per share of 64c on revenue of $2.92B. During its last earnings conference call, Western noted a "cautious" near-term outlook and forecast Q4 EPS to be $1.50-$1.60 on revenue of $3.3B-$3.4B. PRELIMINARY RESULTS: On July 13, Seagate reported preliminary Q4 revenue of $2.9B, adjusted gross margins of 27%, and 45M unit shipments, driven by what the company characterized as "lower than expected intra-quarter demand." The company had previously guided Q4 revenue to $3.2B-$3.3B, and analysts were looking for $3.19B in revenue at the time. LAST QUARTER: On April 17, Seagate reported Q3 adjusted EPS of $1.08 against expectations for $1.04, and revenue of $3.3B versus estimates of $3.4B. Following that, Western Digital reported Q3 EPS of $1.87 on April 28 versus estimates of $1.89, and revenue of $3.5B against expectations for $3.6B. NEWS: On May 1, Seagate announced plans to combine its Cloud Systems and Electronic Solutions groups, and on July 14, the company said it extended its alliance with HP (HPQ). STREET RESEARCH: On May 15, RBC called Western Digital shares "compelling" due to multiple near-term positive catalysts, though Morgan Stanley said on May 19 that it was just "cautiously optimistic" on Western because of softened growth expectations for the general PC market. On May 28, Goldman Sachs called fears of PC weakness overdone and upgraded Western Digital to Buy, saying the company's increasingly enterprise-heavy mix gives it a healthy long-term profit forecast. On June 12, Longbow reported that its hard drive price checks were not quite as bad as it had feared, adding that Western Digital's guidance appears achievable while Seagate's forecast appeared at risk. Heading closer to earnings, Citi said on July 2 that it expects somewhat weak quarterly results for the two hard drive giants but recommended buying both Western Digital and Seagate shares on any perceived post-earnings weakness. Stifel somewhat echoed that point on July 8, saying investor sentiment seemed overly negative towards Western, with traders potentially underestimating the company's shift towards enterprise products. Note that on July 23, Morgan Stanley said its June CIO survey indicated incremental enterprise IT budget weakness, leading the research firm to downgrade Western Digital to Equal Weight and drop Seagate two notches to Underweight. On the M&A front, Susquehanna said on May 29 that SanDisk (SNDK) remained an attractive takeover target, with Western Digital looking like a likely buyer. However, RBC and CLSA both raised doubts on June 5 about the possibility of such a deal. PRICE ACTION: Shares of Western Digital are up 1.34% to $78.83 ahead of Wednesday's report, while Seagate is up 0.84% to $49.28.
09:35 EDTAAPLActive equity options trading on open
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06:23 EDTGOOGTwitter's VP of product management Christian Oestlien departs for YouTube
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05:26 EDTMSFTMicrosoft announces Windows 10 available for download
Microsoft announced that Windows 10 will become available Wednesday as a free upgrade or with new PCs and tablets. Windows 10 includes innovations such as Cortana, an Xbox app and Microsoft Edge for a familiar, yet more personal and productive, experience. The most secure Windows ever, Windows 10 is delivered as a service and kept automatically up-to-date with innovations and security updates. Windows 10 offers one experience that will become available on the broadest range of devices, including PCs, tablets, phones, Raspberry Pi, Xbox One, HoloLens and more ó with more than 2,000 devices or configurations already in testing. The new Windows Store and Windows Software Development Kit also become available Wednesday, opening the door to new and innovative app experiences on Windows 10.
July 28, 2015
16:00 EDTAAPLOptions Update; July 28, 2015
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13:43 EDTAAPLEarnings Watch: Akamai reports as cloud services, content streaming accelerate
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10:47 EDTGOOGUBS says YouTube paid service could be $1B business
Google's (GOOG, GOOGL) revenue could increase by about $1B or more if it decides to offer a paid, ad free version of its YouTube website in the U.S., UBS wrote in a note to investors today. The firm made the estimate based on a survey it conducted of U.S. consumers. WHAT'S NEW: YouTube remains well-positioned to benefit from the growth of online video, UBS analyst Eric Sheridan stated. After UBS conducted a survey of U.S. adult consumers, Sheridan reported that the survey found that 27% of U.S. consumers would probably subscribe to a paid, ad free version of YouTube. According to Bloomberg, YouTube has decided to launch such a service in coming months. If only 5% of U.S. YouTube users buy subscriptions to the service, Google's revenue would rise by about $943M, Sheridan estimated. Following the survey, the analyst is more confident that Google will meet his revenue estimates, which exceed consensus levels. Specifically, he predicted that Google's revenue for the second half of 2015 would come in at $32.4B, versus the consensus outlook of $31.8B, while its 2016 revenue would be $72.2B, compared with the consensus estimate of $69.7B. Sheridan kept a $750 price target and Buy rating on the stock. WHAT'S NOTABLE: Other companies that are significantly exposed to online video include Netflix (NFLX), Facebook (FB) and AOL, which has been acquired by Verizon (VZ). PRICE ACTION: In morning trading, Google Class A shares were little changed at $657.55.
09:42 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL BIDU FB NFLX F T FCX TWTR
09:38 EDTMSFTSalesforce announce new version of Salesforce1 for iOS
In a corporate blog post, Salesforce (CRM) announced a new version of Salesforce1 for iOS, which it said brings a "brand new way to access and edit documents in external repositories such as SharePoint and OneDrive for Business and also seamlessly edit them using Office iOS apps." Salesforce added that the release is the "latest in a series of milestones based on our strategic partnership with Microsoft (MSFT)." Reference Link
09:20 EDTGOOGGoogle well positioned to benefit from online video shift, says UBS
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06:15 EDTGOOGVessel recruits former YouTube exec Kirkbride, Re/code reports
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06:14 EDTGOOGGoogle recently attempted to buy Impossible Foods, The Information reports
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06:06 EDTGOOGStocks with implied volatility below IV index mean; BIIB GOOG
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06:00 EDTGOOGGoogle Express workers file for representation by Teamsters union
Teamsters Local Union 853 announced yesterday that workers at Palo Alto-based Google Express Services filed for a representation election. The more than 140 warehouse and shipping workers sought out the Teamsters for help with improving working conditions, treatment on the job and compensation. Google Express Services, operated by Adecco, provides products shipped from local businesses to consumers on a same-day or overnight basis. Workers are required to sign short-term employment agreements with Adecco that limit them to two years before the company lets them go. Workers have also alleged subjection to constant harassment to work faster in poor conditions that includes damaged equipment, cracked floors and failing electrical systems that have resulted in fires.
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