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Stock Market & Financial Investment News

News Breaks
August 17, 2014
20:39 EDTIDCC, ACTG, RMBS, VRNG, TSRAPatent overhaul efforts seem to have stalled before November election, WSJ says
Legal experts say that it is unlikely that a full Congress will revisit the issue of patent reform before the election in November, says the Wall Street Journal. Large technology companies like Google (GOOG) and Microsoft (MSFT) are pushing Congress to reform patent laws to curb litigation from patent-holding firms, added the Wall Street Journal. Publicly traded companies in the space include Acacia Research (ACTG), Tessera (TSRA), Rambus (RMBS) InterDigital (IDCC) and Vringo (VRNG). Reference Link
News For ACTG;TSRA;RMBS;IDCC;VRNG From The Last 14 Days
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January 29, 2015
16:42 EDTRMBSRambus division, Microsemi enter resell agreement for security technologies
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January 26, 2015
18:28 EDTRMBSOn The Fly: After Hours Movers
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16:08 EDTRMBSRambus sees FY15 revenue $300M-$315M, consensus $319.09M
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16:08 EDTRMBSRambus sees Q1 revenue $70M-$75M, consensus $76.75M
16:07 EDTRMBSRambus reports Q4 EPS 14c, consensus 6c
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15:30 EDTRMBSNotable companies reporting after market close
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09:44 EDTIDCCInterDigital announces commencement of ITC evidentiary hearing in Microsoft case
InterDigital (IDCC) announced the commencement of the evidentiary hearing in the remand of U.S. International Trade Commission "613 Investigation" of the company's complaint against respondents Nokia Corporation, Nokia Inc. and Microsoft (MSFT). In the 613 Investigation, InterDigital seeks an exclusion order prohibiting the importation into the U.S. of Nokia and Microsoft Mobile devices with 3G WCDMA capabilities that infringe two InterDigital patents. The 613 Investigation was remanded to the ITC from the U.S. Court of Appeals for the Federal Circuit, which held that the Commission had erred in interpreting certain claim terms in InterDigital's patents.
06:04 EDTACTGAcacia Research subsidiary enters into license agreement with Arcadyan
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January 23, 2015
08:13 EDTVRNGVringo discloses court found ZTE and ASUS do not infringe patent
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January 22, 2015
17:02 EDTRMBSRambus' ReRAM memory technology incorporated by Tezzaron
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January 21, 2015
12:24 EDTACTGOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, as details of a reported bond buying program planned by the ECB offset weakness in the Dow after IBM's (IBM) earnings report. ECONOMIC EVENTS: In the U.S., housing starts rose 4.4% in December to a 1.89M rate, versus expectations for an increase of 1.2%, while building permits fell 1.9% to a rate of 1.03M, versus expectations of an increase of 0.8%. The Bank of Canada lowered its target for the overnight rate by one-quarter of one percentage point to 0.75% in response to the recent sharp drop in oil prices, which it said will be negative for growth and underlying inflation in Canada. Reports indicated that a proposal from the European Central Bankís executive board is calling for it to begin making bond purchases of about EUR 50B per month and continue that easing program for at least one year. In Asia, the Bank of Japan refrained from expanding its stimulus program, although it expanded and extended its loan programs aimed at boosting bank lending. Also, the BoJ cut next fiscal year's CPI forecast to 1.0% from the 1.7% it had projected three months ago. COMPANY NEWS: Last night, IBM reported better than expected Q4 earnings, though its revenue and FY15 profit outlook trailed estimates, sending the stock down over 3% this morning. Citigroup cut its price target for IBM shares to $170 from $180 after reducing its sales and earnings estimates following the tech giant's Q4 results. Citi reiterated a Neutral rating on IBM, saying it wants to see stability in fundamentals and free cash flow growth before getting more positive on the name. Meanwhile, Jefferies said IBM's cash flow guidance for 2015 is "very weak" and that the company has yet to reach a bottom. The firm continues to believe the risk/reward for shares is skewed negatively and it kept an Underperform on IBM with a $130 price target following the company's Q4 results... Netflix (NFLX) jumped 17% to trade near $409 per share after the company reported stronger than expected fourth quarter results and a number of research firms raised their price targets for the stock while pointing out the company's global subscriber growth had exceeded expectations. Bucking the trend, FBR Capital analyst Barton Crockett said Netflix's EPS would only have been in-line with the consensus outlook if non-operating items were excluded. He said he is less impressed with Netflix following its report and trimmed his price target on the stock to $400 from $425 while keeping a Neutral rating on the shares. MAJOR MOVERS: Among the notable gainers following their earnings reports were Northern Trust (NTRS), which rose 6%, and U.S. Bancorp (USB), which gained 3.5%. Among the noteworthy losers was Eldorado Gold (EGO), which dropped 19% after the company reported on its 2014 gold production, gave guidance on production in 2015, and its shares were downgraded at Credit Suisse, TD Securities and Canccord. Also lower was Acacia Research (ACTG), which fell more than 14% after a court granted a motion finding no infringement of certain method claims asserted by the company's Adaptix subsidiary against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. INDEXES: Near midday, the Dow was up 42.03, or 0.24%, to 17,557.26, the Nasdaq was up 27.36, or 0.59%, to 4,682.21, and the S&P 500 was up 12.25, or 0.61%, to 2,034.80.
10:29 EDTACTGAcacia Research down almost 13% after patent ruling
Earlier today, Acacia Research (ACTG) announced its CEO and President Matt Vella will discuss the January 20th, 2015 ruling received by Adaptix, , a subsidiary of Acacia Research, relating to patent cases pending in the District Court for the Northern District of California. The Courtís ruling granted a motion finding no infringement of certain method claims asserted by Adaptix against Apple(AAPL), Verizon (VZ), AT&T (T), and HTC. Shares of Acacia Research are lower by almost 13% to $13.90 in morning trading.
07:22 EDTACTGAcacia Research to hold an investor conference call
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January 15, 2015
16:14 EDTTSRATessera raises 2015 recurring revenue from $195M to $235M
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16:10 EDTTSRAAmkor to pay $155M to Tessera in litigation settlement
Tessera Technologies (TSRA) subsidiary Tessera, Inc., has entered into an agreement with Amkor Technology (AMKR) to settle all pending litigation between Amkor and Tessera, Inc. Under the terms of the agreement, Amkor will pay Tessera a total of $155M, comprised of sixteen equal quarterly recurring payments commencing in Q1 and continuing through 4Q18. This settlement includes the resolution of the previously awarded judgment of $128.3M plus interest, as well as additional amounts related to the settlement of other proceedings. Subsequent to this agreement, Tessera is raising its 2015 recurring revenue guidance from $195M to $235M. The parties have agreed to a mutual release and dismissal of all claims relating to their pending litigation and arbitration proceedings. The settlement agreement also provides that Tessera and Amkor will look for opportunities to engage in potential technology collaboration. Amkor expects to record an after-tax charge to earnings in Q4 for most of the total settlement amount.

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