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May 29, 2014
42nd Annual Technology, Media & Telecom Conference to be held in New York on May 28-29 with webcasted company presentations to begin on May 29 at 8 am; not all presentations may be webcasted.Webcast Link
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October 16, 2014
13:46 EDTLMOSLumos calls active on exploring sale report
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13:34 EDTLMOSLumos jumps 10% to $16.47 after Bloomberg says exploring sale
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13:33 EDTLMOSLumos hired Wells Fargo to explore sale, Bloomberg reports
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12:29 EDTEXTROn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday, though well off their worst levels. The market opened sharply lower following less than stellar quarterly reports from some of the countryís largest corporations and a number of in-focus "momentum" names such as Netflix (NFLX) and eBay (EBAY). The early drop extended the marketís recent declines and put the averages close to correction territory. The market moved off its lows after a regional Fed president, who'd recently been seen as hawkish, said in an interview that the central bank should consider delaying the end of quantitative easing and that it should be more data driven than time driven. The comments were attributed as the catalyst for a reversal that brought the averages all the way back to positive territory, though the market has once again drifted back into negative ground. ECONOMIC EVENTS: In the U.S., initial jobless claims decreased by 23K to 264K last week to hit their lowest level since April 2000. Industrial production rebounded 1.0% in September, beating expectations for a rise of 0.4% and pushing capacity utilization up to 79.3% from 78.7% previously. The Philadelphia Fed manufacturing index fell 1.8 points to 20.7 in October, which was not as low as the expected 19.9 reading. The NAHB homebuilder sentiment index fell 5 points to 54 in October, versus expectations for it to hold steady at 59. Also of significant note, St. Louis Fed President James Bullard, who is not a voting FOMC member though was quoted recently saying that a rate hike might be appropriate as soon as early next year, reversed course this morning and told Bloomberg in an interview that the Fed should consider delaying an end to its quantitative easing program. COMPANY NEWS: Shares of Netflix (NFLX) plunged 22% after the company provided lower than expected Q4 profit guidance and reported lower than expected subscriber data. The move after its earnings report last night also follows Time Warner's (TWX) announcement yesterday of plans for a standalone HBO online service and Piper Jaffray saying it believes CBS (CBS) will similarly launch an over-the-top Showtime offering next year... eBay (EBAY) shares slipped nearly 6% after the company missed revenue expectations for the third quarter and lowered its outlook for fiscal 2014. Following the report, analysts at both RBC Capital and CLSA downgraded the stock. MAJOR MOVERS: Among the notable gainers was Chesapeake Energy (CHK), which rose 17% after the company announced that it sold Marcellus and Utica shale assets to Southwestern Energy (SWN) for $5.375B. Shares of the buyer Southwestern, however, fell 8% after the deal announcement. Also lower was Extreme Networks (EXTR), which dropped almost 19% after cutting its first quarter outlook citing significant delays with its North American deals as well as headwinds in Europe. INDEXES: Near midday, the Dow was down 28.46, or 0.18%, to 16,113.28, the Nasdaq was down 16.16, or 0.38%, to 4,199.16, and the S&P 500 was down 2.08, or 0.11%, to 1,860.41.
10:03 EDTACLSAxcelis management to meet with Needham
Meetings to be held in Detroit/St. Louis on October 21, in Minneapolis on October 22 and in Ohio on October 23 hosted by Needham.
09:23 EDTEXTROn The Fly: Pre-market Movers
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October 15, 2014
18:26 EDTEXTROn The Fly: After Hours Movers
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16:08 EDTEXTRExtreme Networks lowers Q1 EPS view to (2c)-0c from 6c-8c
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16:01 EDTEXTRExtreme Networks trading halted, pending news
09:24 EDTINTUIntuit management to meet with UBS
Meetings to be held in Copenhagen/Stockholm on October 15 hosted by UBS.
07:32 EDTEXTRUBM Canon to hold a conference
PLASTEC Midwest Conference is being held in Chicago on October 15-16.
October 13, 2014
07:21 EDTINTUIntuit management to meet with UBS
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October 10, 2014
11:13 EDTKLACMicrochip not relevant to DRAM, NAND, says Summit Research
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October 9, 2014
14:53 EDTKLACCapital World Investors reports 10.5% passive stake in KLA-Tencor
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06:20 EDTIMOSChipMOS reports September revenue $62.7M up 13.5% y-o-y
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06:18 EDTIMOSChipMOS reports Q3 revenue $190.7M, consensus $189.90M
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October 8, 2014
12:09 EDTINTUIntuit management to meet with Oppenheimer
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October 7, 2014
08:05 EDTACLSAxcelis announces new customer for Purion XE
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