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Stock Market & Financial Investment News

News Breaks
December 4, 2012
12:38 EDTACLS, LRCXAxcelis sells assets to Lam Research for $10.72M
Axcelis Technologies disclosed that it (ACLS) and Lam Research (LRCX) entered into and consummated an asset purchase agreement pursuant to which Axcelis sold and Lam purchased certain intellectual property rights, a dry strip processing system and other assets relating to the company’s dry strip systems business in exchange for a cash payment of up to $10.72M. The purchased intellectual property rights include, among other things, worldwide patent rights, patent applications, copyrights, industrial designs, know-how and related rights used by the company in its dry strip business. Under the terms, $2M of the purchase price is deferred and payable in installments upon, and subject to, the completion of certain transition milestones over various dates through June 30, 2014.
News For ACLS;LRCX From The Last 14 Days
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November 20, 2015
11:13 EDTLRCXIntel, semi equipment stocks rise following chip giant's guidance
Intel (INTC) is climbing after the chip maker said at its analyst day meeting yesterday that it expects its revenue to grow by a mid-single digit percentage in fiscal 2016, up from a decline of 1% this year. On the heels of yesterday's meeting, research firm JMP Securities upgraded its rating on the stock to Outperform, saying that the company's margins and revenue are poised to climb next year. WHAT'S NEW: After conducting checks at a trade show and investor event, JMP Securities analyst Alex Gauna wrote that Intel's outlook in the cloud has improved, while its execution risk has dropped. Discussing Intel's outlook in the server chip market, Gauna wrote that the tech giant "has made significant strides" with its Xeon, Xeon Phi and Atom chips, even as rival ARM-based servers are growing more slowly than expected. Moreover, Intel is benefiting from the strong performance of its 2-in-1 notebooks, data center offerings, and enterprise PCs, Gauna reported. He believes that the chip maker's earnings are bottoming, while its revenue and margins are poised to rebound next year. Gauna raised his fiscal 2016 earnings per share estimate for the company to $2.45 from $2.10. Analysts' consensus estimate is $2.35. Gauna set a $45 price target on Intel. WHAT'S NOTABLE: Noting that Intel had predicted that its capital spending would jump 37% in 2016, KeyBanc said that this news is positive for semiconductor equipment stocks. According to the firm, Applied Materials (AMAT), Lam Research (LRCX) and Nanometrics (NANO) all have high exposure to Intel. It recommended that investors buy those stocks. PRICE ACTION: In late morning trading, Intel advanced 2% to $35, while Applied Materials rose fractionally, Lam Research gained 0.8%, Nanometrics added 1.7% and Rudolph Technologies (RTEC) jumped 4%.
08:18 EDTLRCXChip equipment names have positive read through from Intel, says Pacific Crest
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November 18, 2015
08:19 EDTLRCXRBC Capital to hold a tour
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November 16, 2015
16:43 EDTLRCXGreenlight Capital added Apple, sold some SunEdison
Greenlight Capital gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: CNX Coal Resources (CNXC), Garmin (GRMN), Terraform Global (GLBL), and Liberty Global (LILA). INCREASED STAKES: Apple (AAPL), Michael Kors (KORS), Dillard's (DDS), UIL Holdings (UIL), and Twenty-First Century Fox (FOXA). DECREASED STAKES: SunEdison (SUNE), Micron (MU), Voya (VOYA), Applied Materials (AMAT), and SunEdison Semiconductor (SEMI). LIQUIDATED STAKES: Citizens Financial (CFG), Lam Research (LRCX), Spirit AeroSystems (SPR), Hertz (HTZ), and Macy's (M).
November 13, 2015
10:39 EDTACLSAxcelis management to meet with Needham
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