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Stock Market & Financial Investment News

News For APOL;EA;FLEX;GMCR;LRCX;MRVL;NFLX;RIMM;VRSN;WCRX From The Last 14 Days
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May 26, 2015
10:16 EDTEAElectronic Arts management to meet with UBS
Meetings to be held in Chicago on May 27 and in Toronto on May 28 hosted by UBS.
10:12 EDTLRCXLam Research management to meet with Pacific Crest
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09:58 EDTMRVLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: L Brands (LB) upgraded to Conviction Buy from Buy at Goldman... Dollar General (DG) upgraded to Conviction Buy from Buy at Goldman... Accenture (ACN) upgraded to Outperform from Market Perform at Cowen... Expedia (EXPE) upgraded to Outperform from Market Perform at JMP Securities... The Fresh Market (TFM) upgraded to Neutral from Underperform at Longbow... Marvell (MRVL) upgraded to Overweight from Equal Weight at Morgan Stanley... Health Care REIT (HCN) upgraded to Buy from Neutral at Mizuho... Gold Fields (GFI) upgraded to Buy from Hold at HSBC... eBay (EBAY) upgraded to Buy from Hold at Axiom... CNOOC (CEO) upgraded to Neutral from Underweight at JPMorgan... Quintiles (Q) upgraded to Buy from Neutral at SunTrust... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Pebblebrook Hotel (PEB) upgraded to Outperform from Neutral at Credit Suisse... Fortinet (FTNT) upgraded to Buy from Hold at Needham... BB&T (BBT) upgraded to Buy from Neutral at Guggenheim... Hercules Technology (HTGC) upgraded to Outperform from Neutral at Macquarie... InterXion (INXN) upgraded to Buy from Hold at Stifel.
09:22 EDTNFLXRovi gets 'de facto renewal' with TWC buyout, says JPMorgan
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07:09 EDTMRVLMarvell upgraded on favorable risk/reward at Morgan Stanley
As previously reported, Morgan Stanley upgraded Marvell to Overweight from Equal Weight. The firm believes risk/reward is favorable following Friday's sell-off and believes the payoff from new technology could be significant, and if it isn't, investments will come down. Morgan Stanley raised its price target on shares to $17.50 from $15.
06:10 EDTNFLXStocks with implied volatility below IV index mean; NFLX LNKD
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06:09 EDTMRVLMarvell upgraded to Overweight from Equal Weight at Morgan Stanley
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May 22, 2015
08:33 EDTLRCXSeveral companies to benefit from GLOBALFOUNDRIES capex, says Pacific Crest
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07:36 EDTNFLXNetflix price target raised to $700 at RBC Capital following customer surveys
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06:01 EDTMRVLStocks with implied volatility above IV index mean; ALTR MRVL
Stocks with implied volatility above IV index mean; Altera (ALTR) 68, Marvell (MRVL) 40 according to iVolatility.
05:52 EDTMRVLStocks with implied volatility movement; MRVL LBYTA
Stocks with implied volatility movement; Marvell (MRVL) 40, Liberty Global (LBTYA) 28 according to iVolatility.
May 21, 2015
18:49 EDTMRVLOn The Fly: After Hours Movers
UP AFTER EARNINGS: Hewlett-Packard (HPQ), up 1%. ALSO HIGHER: Autobytel (ABTL), up 14.1% after acquiring Dealix Corporation and Autotegrity from CDK Global (CDK) for $25M and raising fiscal 2015 guidance... StemCells (STEM), up 2.5% after being initiated with a Buy at Cantor... PTC Therapeutics (PTCT), up 2.3% after a Benefit Assessment by Germany's Federal Joint Committee indicated that Translarna provided a benefit for ambulatory patients... CBOE Holdings (CBOE), up 1.6% after raising share repurchase authorization by $100M... Cypress Semiconductor (CY), up 1.2% after being initiated with a Buy at Mizuho. DOWN AFTER EARNINGS: Aeropostale (ARO), down 18.5%... Brocade (BRCD), down 2.1%... Marvell Technology (MRVL), down 2.9% after reporting quarterly results and departure of CFO. ALSO LOWER: Otonomy (OTIC), down 17.7% following report of Phase 2b topline data for OTO-104... Viggle (VGGL), down 18.8% after filing to sell common stock... CEL-SCI (CVM),down 2.7% after announcing a proposed offering of common stock and warrants.
16:11 EDTMRVLMarvell CFO Mike Rashkin to depart May 22
Marvell Technology announced that Mike Rashkin has expressed his intention to retire as CFO, a role that he has held since December 2013. Rashkin's retirement will be effective May 22. The board appointed Sukhi Nagesh, VP of finance and investor relations, to serve as interim CFO, effective May 22.
16:10 EDTMRVLMarvell sees Q2 adjusted EPS 11c plus or minus 1c, consensus 16c
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16:08 EDTMRVLMarvell reports Q1 adjusted EPS 13c, consensus 10c
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15:35 EDTMRVLMarvell May 14.5 weekly straddle priced for 6% movement into Q1
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15:17 EDTMRVLMarvell technical notes ahead of earnings
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15:01 EDTMRVLNotable companies reporting after market close
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14:54 EDTNFLXCiti ups Netflix target on international potential as company eyes China
Citigroup raised its price target for Netflix (NFLX) to $722 and maintained a Buy rating on the stock, citing the company's underappreciated international expansion and declining churn trends. WHAT'S NEW: In a research note, Citigroup analyst Mark May raised his price target on Netflix to $722 from $584, saying that despite the stock's 31% jump since reporting first quarter earnings on April 15, Netflix shares still have room to advance as the company extends its service globally. May believes the U.S. only accounts for 18% of Netflix's total addressable market based on broadband household metrics. Additionally, he thinks subscribership should trend positively as original content grows and churn declines, resulting in a potential 20% U.S. streaming revenue growth in 2016. The firm stated that Netflix's financial model should generate similar operating profits from "most" of the markets it chooses to enter, and that non-English speaking Netflix markets are being significantly undervalued when taking into account their size. Based on Citi's analysis, Japan, Australia, and New Zealand have a $25 implied enterprise value per broadband household, which, at roughly 10% of the U.S. metric, implies "very conservative" assumptions. Citi highlighted that Netflix's current stock price does not account for any additional value from further international launches, which could include Spain, Italy, Portugal, China, Russia, and India. The firm also remains optimistic on subscriber numbers for coming quarters, saying both churn and content offerings are improving at the company. WHAT'S NOTABLE: On May 14, Bloomberg reported that Netflix has held talks with several Chinese media companies, including Wasu Media, backed by Alibaba (BABA) chairman Jack Ma. In response to the report, a Netflix spokesperson remarked that the company plans to be "nearly global" by the end of 2016. PRICE ACTION: Netflix is trading near flat on the day to $622.47.
12:03 EDTEAElectronic Arts to reboot 'Need for Speed' franchise with new game
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09:36 EDTNFLXActive equity options trading on open
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08:18 EDTMRVLMarvell May weekly volatility elevated into Q1 and outlook
Marvell May weekly call option implied volatility is at 75, July is at 30; compared to its 90-average of 32, suggesting large near term price movement in to the expected release of Q1 results on May 22.
06:23 EDTNFLXNetflix price target raised to $722 from $584 at Citigroup
Citigroup analyst Mark May raised his price target for shares of Netflix to $722 with the stock up 31% since reporting earnings on April 14. After revisiting his valuation analysis, May continues to believe Netflix's international opportunity is underappreciated. The analyst also expects the streaming service's subscriber trends to continue benefiting from lower churn and better content. May maintains a Buy rating on Netflix. The stock closed yesterday up $5.05 to $621.53.
May 20, 2015
12:11 EDTNFLXNetflix to introduce new web interface in June, TechCrunch reports
Netflix is testing a new user interface that does away with its carousels, reports TechCrunch. The company is expected to rollout the new interface on the web to all users worldwide beginning next month. Reference Link
10:57 EDTGMCRKeurig Green Mountain calls active
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10:38 EDTGMCRRumor: Keurig Green Mountain active amid renewed Coke-Cola speculation
Shares of Keurig Green Mountain (GMCR) are active amid renewed speculation Coke-Cola (KO) will increase its stake in the company.
10:00 EDTGMCROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Achillion (ACHN) downgraded on valuation at JMP Securities... Ashland (ASH) downgraded to Equal-Weight from Overweight at First Analysis... Bank of Nova Scotia (BNS) downgraded to Underperform from Neutral at BofA/Merrill... Braskem (BAK) downgraded to Neutral from Overweight at JPMorgan... Comerica (CMA) downgraded to Underperform at Baird... Crestwood Midstream (CMLP) downgraded to Neutral from Buy at Ladenburg... Fifth Third (FITB) downgraded to Neutral from Outperform at Baird... Keurig Green Mountain (GMCR) downgraded to Hold from Buy at Argus... Keysight Technologies (KEYS) downgraded to Neutral from Outperform at Baird... Leju (LEJU) downgraded to Underperform from Buy at CLSA... Marrone Bio (MBII) downgraded to Hold from Buy at Jefferies... Southwest (LUV) downgraded to Neutral from Buy at Buckingham... SunTrust (STI) downgraded to Market Perform from Outperform at Keefe Bruyette... Western Alliance (WAL) downgraded to Market Perform from Outperform at Keefe Bruyette.
08:18 EDTGMCRKeurig Green Mountain downgraded at Argus on 2.0 brewer challenges
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07:31 EDTGMCRKeurig Green Mountain downgraded to Hold from Buy at Argus
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06:14 EDTEAElectronic Arts says mobile gaming head Frank Gibeau steps down
Electronic Arts said in a regulatory filing that on May 19, the company announced that Frank Gibeau, EVP, EA Mobile has chosen to transition on from the company. His last day was May 18. CEO Andrew Wilson commented, "Mobile games continue to be a core focus for EA, and thanks to our incredibly talented mobile teams, our position has never been stronger. With a foundation of key titles, core strength in live services that provide years of entertainment, and new games that are bringing in more players, engagement across the EA Mobile portfolio continues to grow. Our studio teams have new experiences in development for some of EA’s biggest franchises, powerful new IP like The Minions and Star Wars, and more creative concepts at early stages in the testing process. As the mobile gaming audience continues its rapid expansion, EA has a tremendous opportunity to deliver amazing entertainment to more players around the world."
May 19, 2015
16:01 EDTNFLXOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
11:49 EDTEATake-Two surges after GTA maker's profit tops estimates
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11:04 EDTNFLXNetflix hits pattern price target
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09:37 EDTNFLXActive equity options trading on open
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09:08 EDTLRCXLam Research recommended on higher 3D NAND spending at Goldman
Goldman reiterates its Conviction Buy rating on Lam Research given potential for higher 3D NAND spending in 2H. The firm expects the secular transition to 3D NAND and aggressive capital allocation to re-rate shares. Goldman's price target on Lam Research is $91.
May 18, 2015
16:10 EDTLRCXLam Research raises quarterly dividend 67% to 30c per share
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10:25 EDTGMCRKeurig Green Mountain falls, levels to watch
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May 15, 2015
16:51 EDTMRVL, LRCXGreenlight Capital gives quarterly update on stakes
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16:21 EDTNFLXStocks end week little changed as data, deals offset bond yield jumps
Stocks ended the week little changed as a number of M&A deals and a few relatively strong economic data points offset worries about rising bond yields. MACRO NEWS: U.S. weekly jobless claims came in better than expected and reached the lowest four-week average level in 15 years... In Europe, the combined GDP of the 19 eurozone countries grew 0.4% in the first quarter, which was a bit weaker than the 0.5% consensus growth forecast but a pickup from the 0.3% growth pace of the final quarter of last year. Of note, all four of the euro zone's largest economies recorded growth in the same quarter for the first time since the first half of 2010... The People's Bank of China reduced its one year interest rate by 0.25%, marking the third time in the last six months that the central bank has cut benchmark rates... Bond yields surged in many of the world's largest economies, raising worries about inflation and putting pressure on stocks in the beginning of the week. COMPANY NEWS: There was a significant amount of M&A activity again this week, with the headliner being Verizon's (VZ) deal to acquire AOL (AOL) for $50 per share in a transaction valued at $4.4B. Danaher (DHR) agreed to buy purification technologies supplier Pall Corporation (PLL) for $127.20 per share in cash. Danaher also announced that it plans to split itself into two publicly traded companies. Energy infrastructure company Williams (WMB) announced a simplification deal to buy its affiliate Williams Partners (WPZ) for $13.9B in an all-stock transaction. Energy exploration company Noble Energy (NBL) agreed to acquire Rosetta Resources (ROSE) in an all-stock deal. Noble is buying Rosetta for $2.1B in stock plus the assumption of Rosetta's net debt of $1.8B... Alibaba (BABA) acquired a 9.3% stake in Zulily (ZU), an e-commerce retailer geared toward women. A person familiar with the matter reportedly told the Wall Street Journal that the Chinese e-commerce giant is not pursuing an outright acquisition of the U.S. company, however... Shares of Netflix (NFLX) jumped Friday and hit a new all-time high after Bloomberg reported that the company is in talks with Wasu Media, a Chinese media company backed by Alibaba Executive Chairman Jack Ma, about forming a partnership to bring its content to China... Nelson Peltz's Trian Fund Management lost its proxy fight with DuPont (DD) as Trian did not succeed in getting its nominees elected to the DuPont board. INDEXES: For the week, the Dow rose 0.45% to 18,272.56, the Nasdaq gained 0.89% to 5,048.29, and the S&P 500 climbed 0.31% to 2,122.73.
16:17 EDTNFLXOn The Fly: Top stock stories for Friday
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16:01 EDTNFLXOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
13:01 EDTNFLX, GMCROn The Fly: Top stock stories at midday
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11:57 EDTLRCXApplied Materials jumps after reporting highest revenue in three years
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11:47 EDTGMCRAnalysts mixed on Keurig after cold drink maker unveiling
Several research firms disagreed on the outlook for Keurig Green Mountain's (GMCR) upcoming at-home cold beverage maker, Keurig KOLD, after the company unveiled the product yesterday. SunTrust and Bernstein expressed major reservations about the product, while Susquehanna was more upbeat about the device and said the shares had reached a good entry point for investors. WHAT'S NEW: Keurig's management seemed to take a cautious view on the outlook for the device's sales, Bernstein analyst Ali Dibadj wrote. Additionally, the device and its pods "seemed a bit pricey" and large. However, the analyst, noting that the company hopes to eventually cut the price of the product to $200 from $300, called a potential $200 price point "more palatable for consumers." Furthermore, Dibadj says he has a hard time "fully understanding" the company's assertion that the device solves several problems. SunTrust analyst William Chappell, Jr. was impressed by the device's technology, but said he was concerned by the product's initial price and the investments that Keurig will have to make to launch the product. He kept a Neutral rating on the shares. BULLISH OUTLOOK:, Susquehanna analyst Pablo Zuanic said that most of the information on Kold was disappointing. The analyst said that he was disappointed by the device's high price and the fact that it will take a minute to make each drink. However, noting that SodaStream's (SODA) cold drink makers have penetrated 1.5% of U.S. households, the analyst says it is "not out of the question" that Kold can reach 3% household penetration in the U.S. by fiscal 2017-2018. If Kold does attain that milestone, Green Mountain's profits would double, the analyst stated. Zuanic remained upbeat on the company's long-term outlook and says that the stock is not currently reflecting any value for Kold. He believes that the stock has reached a good entry point, and kept a $140 price target and Positive rating on the shares. WHAT'S NOTABLE: Coca-Cola (KO) owns a 16% stake in Keurig Green Mountain. PRICE ACTION: In late morning trading, Keurig Green Mountain dropped 8.3% to $94.50, while SodaStream gained 2.5% to $22.25.
10:31 EDTNFLXNetflix volatility at low end of historic range as shares at all-time high
Netflix May weekly call option implied volatility is at 25, June is at 28, July is at 37; compared to its 90-day average of 36; suggesting decreasing near term price movement on reports of talks to enter China's online video market.
10:08 EDTGMCRKeurig Green Mountain May volatility up following Kold machine presentation
Keurig Green Mountain May weekly call option implied volatility is at 43, June is at 33; compared to its 90-day average of 35, suggesting large near term price movement following its Kold machine presentation.
10:00 EDTGMCRKeurig Green Mountain trades sharply lower, levels to watch
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09:37 EDTNFLXActive equity options trading on open
Active equity options trading on open: AAPL TWTR TSLA NFLX FB
09:11 EDTNFLX, GMCROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Bsquare (BSQR), up 34.2%... Applied Materials (AMAT), up 3.2%. ALSO HIGHER: Trillium Therapeutics (TRIL), up 13% after being initiated with an Outperform at Oppenheimer... Pernix Therapeutics (PTX), up 7.4% after announcing FDA approval of Treximet for use in pediatric patients... Advaxis (ADXS), up 4.4% after being initiated with a Buy at Jefferies... Netflix (NFLX), up 3.3% following a Bloomberg report that the company is in talks to enter China's online video market... Inovalon (INOV), up 2.9% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: El Pollo LoCo (LOCO), down 12.8%... King Digital (KING), down 8.3%. ALSO LOWER: PlasmaTech (PTBI), down 5.4% after filing to sell 1.93M shares for selling stockholders... Paycom Software (PAYC), down 7% after 8M share Spot Secondary priced at $36.25... Keurig Green Mountain (GMCR), down 5.9% after Keurig Kold investor presentation... 3D Systems (DDD), down 2.4% after CFO transition... Celladon (CLDN), down 5.1% after the CEO says that the company is evaluating strategic options.
09:04 EDTNFLXNetflix poised to open at all-time high above $600 per share
Shares of Netflix (NFLX) are up more than 3% in pre-market trading to trade near $606 per share after Bloomberg reported that the company is in talks with Wasu Media Holding, a Chinese media company backed by Alibaba (BABA) Executive Chairman Jack Ma, and other Chinese companies about forming a partnership to bring its content to China.
08:48 EDTGMCRKeurig Green Mountain Keurig Cold price points worrisome, says SunTrust
After attending Keurig Green Mountain's (GMCR) Keurig Kold launch event, SunTrust says it was impressed by the device's technology but concerned about its initial price points and near-term investments needed to launch the product. The firm keeps a Neutral rating on the stock. Coca-Cola (KO) owns a 16% stake in Keurig Green Mountain. SodaStream (SODA) develops and markets at-home cold beverage makers. :
08:40 EDTGMCRKeurig Green Mountain weakness provides buying entry point, says Susquehanna
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08:05 EDTGMCRBernstein has reservations about Keurig Green Mountain's Keurig Kold
After attending Keurig Green Mountain's (GMCR) Keurig Kold launch event, Bernstein says that it has a hard time understanding the device's value proposition and sensed some caution from the company about how quickly the device's penetration will rise and be accretive to earnings. The firm says the device and pods seem a bit expensive, while the brewer and pods are large. The firm believes that the taste of the product's Diet Coke drink was off, although regular Coke and others were good. Coca-Cola (KO) owns a 16% stake in Keurig Green Mountain. SodaStream (SODA) develops and markets at-home cold beverage makers.
05:55 EDTNFLXNetflix in talks to enter China's online video market, Bloomberg reports
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05:52 EDTEAApril NPD video game software sales rose 13%, says Piper Jaffray
Piper Jaffray notes April NPD video game software sales increased 13% year-over-year with next-generation software revenue up 200% versus the prior year. Piper keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
May 14, 2015
19:02 EDTGMCROn The Fly: After Hours Movers
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18:41 EDTGMCRKeurig Green Mountain drops after Keurig Kold investor presentation
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17:02 EDTGMCRKeurig Green Mountain drops after hours
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16:57 EDTGMCRKeurig Green Mountain drops 5% during Keurig Kold presentation
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11:38 EDTNFLXNetflix has a small potential bullish pattern developing
On the daily chart there is a small potential bullish flag developing. The pattern won't become active unless there is a breakout above $585. The time until the pattern expires is likely by end of day tomorrow, meaning it could fail by time or price. If the pattern becomes active and completes, upside potential would be to the $625 to $630 area. A breakdown below the low of the flag portion of the pattern at $575 or lower would void the pattern.
09:34 EDTNFLXActive equity options trading on open
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06:20 EDTNFLXStocks with implied volatility below IV index mean; LNKD NFLX
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May 13, 2015
16:57 EDTNFLXNetflix CCO believes traditional TV will shift towards event coverage, BI says
Netflix Chief Content Officer Ted Sarandos believes that as over-the-top TV services gain momentum, traditional cable and satellite TV is going to become "more about events, and more about award shows and live sports," reports Business Insider, citing remarks at a New York media conference. "Where the attribute really is the liveness of it, television is fantastic. And I think the real saving grace for television is they’ll focus on the other things and make it more event-oriented," said Sarandos. Reference Link
13:43 EDTFLEXAlcatel-Lucent, Flextronics sign LOI for sale of Trieste optical transport plant
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09:39 EDTNFLXActive equity options trading on open
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07:32 EDTFLEXCLSA to hold a conference
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07:16 EDTNFLXMoffett Nathanson to hold a summit
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06:55 EDTNFLXInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
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