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November 17, 2015
08:37 EDTADICiti sees Xilinx, not Maxim, as potential takeout candidate
Citi analyst Christopher Danely says he does not expect Maxim Integrated (MXIM) to get acquired despite reports of interest from Analog Devices (ADI) and Texas Instruments (TXN). Xilinx (XLNX) is the only large-cap semiconductor company left with "all of the attributes of a good takeover target," Danely tells investors in a research note. He believes Xilinx management could be willing sellers at the right price, and points out Qualcomm (QCOM) has a history of doing deals. Xilinx could make a good candidate for Qualcomm, Danely contends.
November 16, 2015
16:07 EDTEQIXEquinix files to sell $750M of common stock
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13:51 EDTLBTYALiberty Global offers to buy Cable & Wireless for $5.3B
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13:41 EDTLBTYALiberty Global sees Cable & Wireless offer closing in 2Q16
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13:40 EDTLBTYALiberty Global announces recommended share acquisition of Cable & Wireless
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10:29 EDTEQIXInvenergy to provide clean power to Equinix
Invenergy announced that it has signed a 100 MW wind power purchase agreement, PPA, with Equinix to provide the global interconnection and data center company with renewable energy to help support all of its data centers across North America. The agreement with Equinix includes the sale of wind energy from the Wake Wind Energy Facility located in Texas. Invenergy will provide 100 MW of capacity resulting in approximately 457,000 MW hours of renewable energy annually generated in Texas and delivered into the Electric Reliability Council of Texas regional electricity grid.
10:25 EDTADIUBS trims Apple target, says iPhone partner cut production forecast
Hon Hai, which manufactures Apple's (AAPL) iPhones, expects to assemble significantly fewer iPhones this quarter than in the same period in 2014, UBS wrote in a note to investors today. WHAT'S NEW: Hon Hai Precision Industry, also known as Foxconn, is expected to assemble 10% fewer iPhones this quarter than in the same period in 2014, said UBS analyst Steven Milunovich, citing work from fellow UBS analyst Arthur Hsieh. Previously, companies that supply force touch components for iPhones saw a 10%-15% reduction in their orders, the analyst reported. These developments "are not encouraging," but Apple had previously ordered a large number of iPhones for Q4, according to Milunovich. Overall iPhone demand "could still be decent," he believes. However, the analyst lowered his iPhone sales estimate for Apple's March quarter to 61M from 62.5M, asserting that iPhone sales on China's November 11 Singles Day holiday may have come in below expectations. Based on October search volumes, he continues to believe that demand for iPhone units in the fourth quarter of the calendar year will be 75M, in-line with the consensus outlook. Milunovich trimmed his price target on Apple to $140 from $150 but kept a Buy rating on the shares. WHAT'S NOTABLE In a note to investors on November 10, Credit Suisse reported that it was cutting its estimates for 2016 iPhone sales. The firm expects sales of the device to fall 10.4% in the first quarter versus the same period in 2015, and it predicts that iPhone sales will decline 5.5% year-over-year in 2016. Suppliers with greater than 10% exposure to Apple include Avago (AVGO), SanDisk (SNDK), Analog Devices (ADI), Broadcom (BRCM), Texas Instruments (TXN), NXP Semiconductors (NXPI) and Fairchild (FCS), Credit Suisse reported. The firm said it continues to have a negative view of the smartphone sector. PRICE ACTION: In early trading, Apple added nearly 1% to $113.34.
08:02 EDTEQIXEquinix signs power purchase agreements with NextEra Energy and Invenergy
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