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Stock Market & Financial Investment News

News Breaks
May 22, 2014
06:19 EDTAUO, SNE, SSNLFAU Optronics to supply panels for Xiaomi 55-inch HD TVs, DigiTimes says
AU Optronics (AUO) plans to supply panels for Xiaomi 55-inch Ultra HD TVs in 2H14, reports DigiTimes. According to industry sources, AU Optronics will provide the most panels but Samsung (SSNLF), Sony (SNE) and Vizio will also provide panels. Reference Link
News For AUO;SSNLF;SNE From The Last 14 Days
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April 17, 2015
05:53 EDTSNEWikiLeaks publishes previously hacked Sony emails, Financial Times reports
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April 16, 2015
07:44 EDTSSNLFApple calls audible to award 30% of A9 chip orders to TSM, Apple Insider says
Apple (AAPL) has made a "last minute decision" to recruit TSMC (TSM) for 30% of A9 chip orders for its next iPhone after GlobalFoundries continued to experience poor yield rates on production of the next-generation CPU, reports AppleInsider. According to a note from KGI Securities Ming-Chi Kuo, Globalfoundries A9 chip yield rate was at about 30% iyeld rate, well below the "basic requirement" of 50%. Kuo adds that Apple is concerned that Samsung's (SSNLF) chipmaking business may not be able to supply enough of its 14-nanometer design. Reference Link
05:55 EDTSSNLFGalaxy S6 expected to reach 70M in sales during 2015, DigiTimes reports
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April 15, 2015
15:05 EDTSSNLFEarnings Watch: SanDisk to report Q1 results after lowering revenue guidance
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10:06 EDTSSNLFSamsung creates team to work exclusively on Apple devices, Bloomberg reports
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06:14 EDTSSNLFSamsung may be borrowing from Apple profit margin strategy, WSJ reports
Samsung (SSNLF) could be borrowing from Apple's (AAPL) profit margin strategy by charging customers $100 more for each incremental gain in storage capacity, reports the Wall Street Journal. IHS senior director of research and analytics Andrew Rassweiler said it costs Samsung makes an extra $87 in profit each time it sells a 64-gigabyte Galaxy S6 and an extra $160 each time it sells a 128-gigabye device. Rassweiler adds that Apple has been structuring its iPhone offerings like this for years to improve margins. Reference Link
05:55 EDTSSNLFSamsung Taiwan mobile business general manager to resign, DigiTimes reports
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April 14, 2015
13:20 EDTSNERecord labels lobby for better royalties from YouTube, Dailymotion, FT says
The International Federation of the Phonographic Industry alleged Tuesday that certain digital video platforms including Google's (GOOG) YouTube and Orange's (ORAN) Dailymotion are relying too much on "safe harbour" laws to avoid paying royalties to record labels, reports the Financial Times, citing statements by IFPI CEO Frances Moore. The move comes as the European Commission weighs reforming EU copyright law. The IFPI is a recording industry group that counts Sony (SNE) Music Entertainment and Vivendi's (VIVHY) Universal Music Group among its members. Reference Link
12:40 EDTSSNLFPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
10:27 EDTSSNLFSamsung's Galaxy S6 Edge costliest phone to build, Re/code reports
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05:54 EDTSNESony creates unit built for local language production, Financial Times says
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05:46 EDTSSNLFReport: Samsung to hold off release of flexible tablets in 2015, DigiTimes says
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05:46 EDTAUOReport: AUO may face $1B fine, probation for compliance issues, DigiTimes says
AU Optronics could face a $1B fine and five years of probation for allegedly failing to implement compliance policies, reports DigiTimes. Citing a report from Law360 that quoted prosecutors from the U.S. Attorney's Office, the fee comes after it was convicted of conspiring to fix pricing. The report added that AU Optronics responded by saying that it has already created compliance documents, trained more than 1,000 employees and hired a Chief Antritrust Compliance. Reference Link
April 13, 2015
08:42 EDTSNEPandora rises after Spotify reportedly valued above $8B in fundraising
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06:09 EDTSSNLFSamsung semiconductor CapEx to reach $15B in 2015, DigiTimes reports
Samsung's semiconductor capital spending is expected to reach a record $15B in 2015, reports DigiTimes Research. The company's CapEx for system ICs is expected to reach $4B, mainly to finance the commencement of its Line-17 fab in Hwasong and a buildup of its plant in Austin, Texas. Reference Link
April 12, 2015
18:11 EDTSNEEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link
April 9, 2015
06:02 EDTSSNLFSamsung sees record shipmnents for Galaxy S6 smartphones, Reuters reports
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April 8, 2015
06:15 EDTSSNLFSamsung rely on new phones to raise mobile profit margins, WSJ says
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April 7, 2015
07:28 EDTSNESony increases production capacity for stacked CMOS image sensors
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06:46 EDTSSNLFApple Pay, Google Wallet could see competition from CurrentC, Macworld says
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