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Stock Market & Financial Investment News

News Breaks
November 6, 2012
05:55 EDTORCL, ORCL, ORCL, TWC, TWC, TWC, CSCO, CSCO, CSCO, IBM, IBM, IBM, CMCSA, CMCSA, CMCSA, XOXO, XOXO, XOXO, VZ, VZ, VZ, TWTC, TWTC, TWTC, T, T, T, CIEN, CIEN, CIEN, TLAB, TLAB, TLAB, ALU, ALU, ALULight Reading is hosting a conference
Ethernet Expo America 2012 is being held in New York on November 6-8.
News For ALU;TLAB;CIEN;T;TWTC;VZ;XOXO;CMCSA;IBM;CSCO;TWC;ORCL From The Last 14 Days
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October 8, 2014
07:22 EDTIBMIBM to make renewed push around 'Watson' AI system, FT reports
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07:13 EDTCMCSAHulu may cut number ads on Hulu Plus, NY Post reports
Hulu (FOXA, DIS, CMCSA) CEO Mike Hopkins is looking to cut back on the number of ads that appear on Hulu Plus, reports the New York Post. According to an executive close to the company, Hulu and its partners are “always looking at a variety of ways to create the best possible experience for our viewers and advertisers including reducing the ad load." Reference Link
06:35 EDTCSCOCisco's reorganization affects up to 25,000 employees, Business Insider reports
Cisco's reorganization of its routing and switching engineering business could affect up to 25,000 employees, reports Business Insider. Citing sources in Silicon Valley, the reorganization involves massive changes for the unit, moving from individual teams to two big overarching teams with one group focused on software and the other on hardware. Due to the changes, sources say a lot of senior employees have begun send out resumes. Reference Link
October 7, 2014
16:00 EDTVZOptions Update; October 7, 2014
iPath S&P 500 VIX Short-Term Futures up 2.16 to 32.24 Option volume leaders: AAPL TSLA TWTR AMZN FB VZ AA HTZ NFLX PBR according to Track Data.
07:48 EDTIBMU.S. Chamber of Commerce to hold a discussion
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07:36 EDTCSCOCisco unlikely to split-up despite speculation, says UBS
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06:52 EDTCSCOAruba Networks may be displacing Cisco in some verticals, says RBC Capital
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06:29 EDTIBMIBM, Globalfoundries reignite discussions for chip division, Bloomberg says
IBM and Globalfoundries have restarted discussions for IBM to sell its unprofitable chip production division, according to Bloomberg, citing a person familiar with the matter. The source said that IBM could pay Globalfoundries more than $1B to take over the unit. Reference Link
06:04 EDTTAT&T issues apology after customer info improperly accessed, Re/code reports
AT&T has issued an apology after an incident in which customer account information was improperly accessed by a worker, Re/code reports. A company spokesman says AT&T is contacting the limited number of affected customers and is also in contact with law enforcement regarding the issue. Reference Link
October 6, 2014
19:28 EDTCIENCiena has a conference call hosted by JPMorgan
JPMorgan Analyst Hall will host a conference call with CTO Steve Alexander on October 9 at 10 am.
11:42 EDTALUAlcatel-Lucent reports 9.8% passive stake in Ikanos
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11:02 EDTCSCOHP rises as split viewed as potential prelude to deals
Shares of HP (HPQ) are climbing after the company announced that it would split itself into two publicly traded companies. Analysts were mostly upbeat on the news and tech news website Re/code said that the two companies would be "in deal-making mode" following the split. WHAT'S NEW: HP this morning said it would split itself into two companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." Meg Whitman, who is currently the CEO of HP, will become CEO of Hewlett-Packard Enterprise and chairman of HP, Inc. ANALYST REACTION: Shareholders will likely view the move positively, as limited synergies exist between HP's enterprise business and its PC and printing business, Deutsche Bank analyst Sherri Scribner wrote. Moreover, the forward price to earnings ratio of the enterprises unit, whose margins are set to expand, are more likely to reach close to 11x following a split, in-line with the multiple of Xerox (XRX) and CSC (CSC), the analyst contended. Noting that HP remains one of the cheapest names in the S&P 500, Scribner kept a $40 price target and Buy rating on the shares. The split is "a bold and smart move" by HP that will give it the financial flexibility needed to sell off one or both of the PC and printing businesses, wrote Cantor analyst Brian White. The shareholders of EMC (EMC), which reportedly had been in discussions about merging with HP, would have difficulty accepting HP's printer and PC business, according to White. The analyst raised his price target on HP to $39 from $34.50 but kept a Hold rating on the stock. WHAT'S NOTABLE: Both Hewlett-Packard Enterprise and HP Inc. will "be in deal-making mode" after the split, Re/code stated. HP Inc. is likely to draw attention from both Dell and China's Lenovo (LNVGY), which were both approached by HP about a possible deal over the last year, the website stated. Meanwhile, Hewlett-Packard Enterprise could restart dormant merger talks with EMC, while Dell and Cisco (CSCO) could emerge as bidders and offer shareholders of both Hewlett-Packard Enterprise and EMC better terms, Re/code stated. However, Cisco has carried out a more conservative M&A strategy lately, while its CEO, John Chambers, who is preparing to retire soon, said the company would not be interested in buying EMC, Re/code noted. PRICE ACTION: In mid-morning trading, HP jumped 4.6% to $36.83, while shares of EMC were down fractionally.
10:04 EDTORCLOn The Fly: Analyst Upgrade Summary
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08:10 EDTIBMArrow Electronics says now authorized distributor of Lenovo enterprise products
Arrow Electronics (RW) announced it is now an authorized North American Lenovo distributor System X and related solutions following the transition of IBM’s (IBM) System X server business to Lenovo (LNVGY) effective Oct. 1. Additionally, Lenovo’s ThinkServer rack servers, tower servers and enterprise storage product lines are available through Arrow. Future offerings from Lenovo through Arrow will include the low-end storage and associated networking products to be announced in the coming weeks.
07:53 EDTORCLOracle upgraded to Buy from Neutral at DA Davidson
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07:50 EDTCSCOCisco shares could reach $40 with splits, spin-offs, says RBC Capital
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07:09 EDTTAmerican Trucking Association to hold a conference
2014 ATA Management Conference is being held in San Diego on October 4-7.
06:41 EDTCMCSA'Gone Girl' leads weekend box office with $38M in sales, WSJ reports
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06:38 EDTCSCOSpun off HP companies could be takeover targets, Re/code says
After HP (HPQ) splits into two publicly traded companies, both of those companies could become takeover targets, according to Re/code. The PC and printing unit could interest Dell or Lenovo (LNVGY), while Hewlett-Packard Enterprises could merge with EMC (EMC) and/or become a target for Dell and Cisco (CSCO), the website stated. Reference Link
06:19 EDTIBMHP facing competition from Lenovo in PCs, servers, WSJ reports
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