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News Breaks
December 6, 2012
09:52 EDTT, AKAMAkamai jumps after announcing partnership with AT&T
Internet content delivery company Akamai (AKAM) is rallying after it announced an alliance with AT&T (T) earlier today. Under the deal, Akamai's content delivery platform will be combined with AT&T's IP network to deliver content delivery and telecom services to companies. Specifically, Akamai's servers will be placed at the edge of AT&T's IP network and in AT&T facilities throughout the United States, the companies said. With the deployment of Akamai's infrastructure within AT&T's network infrastructure, end customers are expected to benefit from more efficient content routing and better delivery of digital content, video and Web applications, AT&T and Akamai believe. The companies will initially focus their efforts in North America, but plan to expand globally within 12 months. No financial details of the deal were disclosed. In early trading, Akamai rose $3.13, or 8.82%, to $38.63.
News For AKAM;T From The Last 14 Days
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September 2, 2014
13:04 EDTTFinisar retreats after analyst cuts on pricing, demand worries
Shares of optical components maker Finisar (FNSR) are falling after research firm Jefferies downgraded the stock to Hold from Buy in a note to investors today, citing pricing and demand concerns. WHAT'S NEW: After conducting checks, Jefferies analyst James Kisner wrote that Finisar is facing "brutal" prices for datacom optics, particularly in China. Prices for telecom components in North America are also challenging for Finisar, he reported. Various low-cost competitors are driving down prices for datacom optics, while AT&T (T) is trying to force optical systems vendors to cut the prices of their components by 40%, Kisner stated. Meanwhile, demand for mobile backhaul optics slowed significantly in China over the last month, and two of Finisar's customers - Cisco (CSCO) and Huawei - are exploring alternatives to Finisar's products, Kisner indicated. Additionally, Intel (INTC) and numerous start-ups may launch products that will compete with those of Finisar, potentially cutting into its market share beginning in the second half of 2015, the analyst warned. He cut his price target on the shares to $19 from $25. PRICE ACTION: In early afternoon trading, Finisar slumped 5.5% to $19. Other optical components makers also dropped, with Oclaro (OCLR) falling 1% to $1.75 and JDS Uniphase (JDSU) losing 2% to $11.30.
06:08 EDTTCox sued by AT&T for patent infringement, Reuters reports
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August 31, 2014
19:28 EDTTAmerica Movil to sell assets to appease Mexican regulators, Bloomberg says
In order to abide by anti-trust regulations in Mexico, America Movil (AMX, AMOV) has hired Bank of America to sell some assets, says Bloomberg. Potential buyers of the assets include AT&T (T) and SoftBank (SFTBF), added Bloomberg. Reference Link
14:05 EDTAKAM, TDrexel Hamilton to hold a conference
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13:27 EDTTAT&T to hold a conference
16th Annual AT&T Cyber Security Conference will be held in New York on September 3-4 with webcast availability on September 4 at 9 am; Webcast Link
August 27, 2014
09:53 EDTAKAMOn The Fly: Analyst Initiation Summary
Bristol-Myers (BMY) initiated with a Hold at Deutsche Bank... ASML (ASML) initiated with a Hold at Stifel... Akamai (AKAM) initiated with an Outperform at RW Baird... Concur (CNQR) initiated with a Neutral at DA Davidson... CyrusOne (CONE) initiated with a Neutral at Citigroup... Eli Lilly (LLY) initiated with a Buy at Deutsche Bank... Garmin (GRMN) initiated with a Neutral at RW Baird... Merck (MRK) initiated with a Hold at Deutsche Bank... NetSuite (N) initiated with a Buy at DA Davidson... Oracle (ORCL) initiated with a Neutral at DA Davidson... Oxford Industries (OXM) initiated with a Buy at Wunderlich... Pfizer (PFE) initiated with a Buy at Deutsche Bank... ServiceNow (NOW) initiated with a Buy at DA Davidson... Workday (WDAY) initiated with a Neutral at DA Davidson... MannKind (MNKD) initiated with a Buy at Jefferies... STMicroelectronics (STM) initiated with an Underperform at Credit Suisse... Kirkland's (KIRK) initiated with an Outperform at Barrington.
06:01 EDTTAT&T's Ralph de la Vega to oversee enterprise and mobile, Re/code reports
AT&T's Ralph de la Vega has been promoted to CEO of the company's mobile & business solutions organization, Re/code confirms. Glenn Lurie, currently the CEO of AT&T Mobility, will now run the mobile unit. Andy Geisse, AT&T's business solutions head, is retiring after 35 years with the company. Reference Link
August 26, 2014
16:22 EDTAKAMAkamaiinitiated with an Outperform at RW Baird
Target $71.
08:44 EDTTBest Buy CFO says mobile phone category 'complicated to forecast'
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August 25, 2014
11:48 EDTTAT&T, DirecTV agree to deal with DOJ paving way for merger, NY Post says
AT&T (T) has agreed with the Justice Department on terms paving the way for it to acquire DirecTV (DTV), though it could not be learned what, if any, conditions the department has placed on the merger, according to The New York Post, citing a source close to the process. Reference Link
August 24, 2014
21:56 EDTAKAMB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 22, 2014
10:15 EDTTVodafone rallies amid reports of AT&T takeover bid, FT says
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07:11 EDTTAT&T may mount bid GBP3 per share bid for Vodafone, Daily Mail reports
AT&T (T) is working on a cash bid worth over GBP3 per share for Vodafone (VOD), according to the Daily Mail. The publication says China Mobile (CHL) may be interested in taking a stake in Vodafone of up to 20%. Reference Link
August 21, 2014
13:16 EDTTT-Mobile offers free data to users who recruit new customers to its network
T-Mobile (TMUS) is offering its current Simple Choice customers a free unlimited LTE data plan upgrade for a full year when they recruit a Sprint (S), Verizon (VZ), or AT&T (T) customer to its network. The new referred customer will also receive a full year of unlimited LTE data for free as well. If a Simple Choice customer who recruits a new user to T-Mobile's network already has an unlimited LTE data plan, they will receive a $10 credit each month for twelve months. The referral plan starts August 29. Reference Link
11:49 EDTTSprint announces $60 per month unlimited wireless plan
Sprint (S) announces an unlimited wireless plan for $60. The plan provides consumers unlimited talk, text and data while on Sprint's network for $60 per month, a $20 savings compared to T-Mobile's (TMUS) $80 per month unlimited plan, the wireless carrier said. The Sprint $60 Unlimited Plan is available to both new and existing Sprint customers starting tomorrow, August 22. To qualify for the plan, customers must purchase their device through Sprint Easy Pay, pay full retail price or bring their own compatible device.
August 19, 2014
10:01 EDTTAT&T confirms plan to deliver U-verse with AT&T GigaPower in Jacksonville
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07:12 EDTTFCC looks into telecom special access line rates, Reuters says
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06:46 EDTTAT&T technology routes calls to multiple devices, Re/code says
AT&T has developed technology that sends calls from one device to many other devices, Re/code reported yesterday. Reference Link

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