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Stock Market & Financial Investment News

News Breaks
July 7, 2014
04:55 EDTASMI, ASMI, ASMI, ASMI, ASML, ASML, ASML, ASML, MTSN, MTSN, MTSN, MTSN, KLAC, KLAC, KLAC, KLAC, XCRA, XCRA, XCRA, XCRA, RTEC, RTEC, RTEC, RTEC, FORM, FORM, FORM, FORM, CSCD, CSCD, CSCD, CSCD, ACLS, ACLS, ACLS, ACLS, BRKS, BRKS, BRKS, BRKS, LRCX, LRCX, LRCX, LRCXB. Riley to hold investor meetings at SEMICON West
Investor Meetings, to be held in conjunction with SEMICON West, will be held in San Francisco on July 7-10.
News For ASMI;BRKS;ACLS;CSCD;FORM;RTEC;XCRA;KLAC;MTSN;ASML;LRCX From The Last 14 Days
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February 4, 2016
07:09 EDTCSCD, FORMFormFactor to acquire Cascade Microtech for $16.00 per share
FormFactor (FORM) and Cascade Microtech (CSCD) announced that they have entered into a definitive agreement under which FormFactor will acquire all outstanding Cascade shares in a cash and stock transaction. For each share of Cascade stock held, Cascade stockholders will be entitled to receive $16.00 in cash and 0.6534 of a share of FormFactor common stock, subject to the terms of the merger agreement. The transaction values Cascade at $21.13 per share, or $352M in equity value based on the closing price of FormFactor's stock on February 3, of $7.85. The 2015 revenues of the combined company on a pro forma basis would be over $426M. This transaction is expected to be immediately accretive to FormFactor's earnings per share. The combined company expects to realize $10M-$12M in annualized cost synergies within 18-24 months of closing, and to accelerate the tax benefit of monetizing FormFactor's approximately $300 million in net operating losses. Under the terms of the definitive agreement, FormFactor will acquire Cascade for approximately $352M in aggregate consideration, consisting of $270M in cash and approximately 10.4M shares of FormFactor common stock, valued at $7.85 per share as of February 3. At closing, Cascade common stockholders are expected to own approximately 15% of the combined company. FormFactor intends to fund the cash consideration for the transaction using approximately $120M of cash on hand and approximately $150M in debt financing. The transaction is not subject to a financing condition. The transaction was unanimously approved by the boards of both companies. The transaction is expected to close in mid-2016.
07:07 EDTFORM, CSCDFormFactor to acquire Cascade Microtech for $16.00 per share
February 3, 2016
17:51 EDTRTECRudolph Technologies announces win in patent suit against Camtek
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16:04 EDTBRKSBrooks Automation sees Q2 adjusted EPS 3c-5c, consensus 4c
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16:03 EDTBRKSBrooks Automation reports Q1 adjusted EPS 2c, consensus (1c)
Reports Q1 revenue $120M, consensus $113.53M.
15:55 EDTRTECCamtek announces final ruling in patent litigation case
Camtek (CAMT) reported that the United States Court of Appeals for the Federal Circuit entered its judgment regarding Camtek's appeal in the patent infringement case of Rudolph Technologies (RTEC) against Camtek regarding the Falcon systems. The Court of Appeals reaffirmed the Minnesota Court's Ruling in Rudolph Technologies' favor, and reinstated the damages originally awarded which total, including interest, approximately $14.6M, as well as the injunction in connection with sales of the Falcon systems in the United States until the expiration of plaintiff's patent. Camtek shall record a reserve for the awarded amount in its financial statements for year 2015.
February 2, 2016
16:08 EDTACLSAxcelis sees Q1 EPS 0c-1c, consensus 0c
Sees Q1 revenue in the mid $60M range, consensus $65.84M.
16:07 EDTACLSAxcelis reports Q4 EPS 1c, consensus 0c
Reports Q4 revenue $70.5M, consensus $68.54M.
February 1, 2016
16:54 EDTRTECRudolph Technologies sees Q1 EPS 15c-20c, consensus 16c
Sees Q1 revenue $51M-$55M, consensus $51.36M. Information reported during Q4 earnings conference call.
16:49 EDTRTECRudolph Technologies sees Q1 gross margin 53%-54%
16:42 EDTRTECRudolph Technologies 'pleased' with progress of lithography business
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16:38 EDTRTECRudolph Technologies sees increased growth in MEMS market
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16:06 EDTRTECRudolph Technologies reports Q4 EPS 16c, consensus 15c
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06:32 EDTRTECRudolph Technologies receives order for JetStep Lithography System
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January 31, 2016
20:43 EDTLRCXOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
12:44 EDTLRCXAutodesk, Akamai among top tech picks after January selloff, Barron's says
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January 28, 2016
16:43 EDTKLACKLA-Tencor sees Q3 shipments $720M-$800M
16:40 EDTKLACKLA-Tencor sees Q3 EPS 86c-$1.06, consensus 94c
Sees Q3 revenue $690M-$750M, consensus$732.84M.
16:26 EDTKLACKLA-Tencor reports Q2 EPS $1.04, consensus 85c
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07:50 EDTLRCXLam Research weakness would be a buying opportunity, says Cowen
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