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December 20, 2013
12:31 EDTBBRY, MKTG, ORCL, RHT, TIBX, KMX, IDCCOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after a revised government estimate showed the U.S. economy grew at a 4.1% annual rate in the third quarter, which is the strongest growth rate since late 2011. Today marks "quadruple witching," the last trading day for stock options on indexes, equities and futures, in which futures expire at the same time, which generally leads to a pickup in volume and volatility. Adding to the noise is the S&P 500 quarterly rebalancing, which occurs today as well. ECONOMIC EVENTS: In the U.S., third quarter GDP growth was revised up to 4.1% from the second reading of 3.6% growth. Personal consumption fueled the better than expected headline, rising 2.0%, which was up from the prior 1.4% estimate and from 1.8% in the prior quarter. In Europe, ratings agency S&P cut its triple-A rating of the European Union by one notch. Also, market research group Gfk said consumer confidence in Germany hit its highest level in December since April of 2007. COMPANY NEWS: BlackBerry (BBRY) reported a worse than expected quarterly loss and lower than expected sales, including recognizing revenue on only 1.9M smartphones in the third quarter which was down from 3.7M smartphones in the previous quarter. However, the company also announced a five-year strategic partnership with Foxconn, which also builds devices for Apple (AAPL), and reported over 40M newly registered iOS and Android users for BlackBerry Messenger in the last 60 days. Shares of the troubled phone maker rose 12% near noon... MAJOR MOVERS: Among the notable gainers was Responsys (MKTG), which rose 38% after agreeing to be acquired by Oracle (ORCL) for $27.00 per share in cash. Also higher were shares of open source software provider Red Hat (RHT), which rose 18% after its third quarter results and fiscal 2013 guidance topped analystsí consensus estimates. Among the noteworthy losers following their earnings reports were TIBCO Software (TIBX), which fell 14%, and CarMax (KMX), which slid over 8%. Also lower was InterDigital (IDCC), which declined more than 5% after the ITC upheld an unfavorable ruling for the company in a patent suit. INDEXES: Near midday, the Dow was up 91.44, or 0.57%, to 16,270.52, the Nasdaq was up 43.74, or 1.08%, to 4,101.88, and the S&P 500 was up 11.94, or 0.66%, to 1,821.54.
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April 22, 2014
12:18 EDTORCLBofA/Merrill's software analysts hold an analyst/industry conference call
Software Analysts, along with Ray Wang, Principal Analyst & CEO at Constellation Research, provide their perspectives on pertinent topics in the software industry and how disruptive technologies impact cross channel commerce and technology optimization on an Analyst/Industry conference call to be held on April 25 at 11 am.
April 19, 2014
20:17 EDTRHTTwitter, Netflix, Amazon look pricey, Barron's says
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April 17, 2014
08:39 EDTRHTRed Hat bias to investment over margin the right trade-off, says BofA/Merrill
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April 16, 2014
13:41 EDTBBRYBlackBerry's troubles spawn entrepreneurs in Canada, NY Times reports
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09:04 EDTBBRYBlackBerry announces investment by several leading Canadian organizations
BlackBerry announced that several leading Canadian customers are deploying BlackBerry Enterprise Service 10, or BES10, including: Volker Stevin, City of Waterloo and Samuel, Son & Co., Limited. According to J. Gold Associates, over the next year or two the average enterprise user will employ three to five personal devices and use eight to 10 business applications. With the growing need for enterprise users to connect to at least five different enterprise systems, such as VPN, email and the cloud, to perform work-related tasks, the management and security of devices will become increasingly more complex to control without the right enterprise mobility management, or EMM, solution. Migrating to BlackBerry's EMM solution allows organizations to seamlessly manage devices, operating systems, applications and security. The City of Waterloo continues its long-standing partnership with BlackBerry in innovating and injecting new ideas and technologies to provide valued services that help build the best quality of life for its citizens. In addition to deploying BES10 and BlackBerry 10 smartphones for its workforce, the City of Waterloo also worked with BlackBerry to develop the Ping Street mobile application on the BlackBerry OS platform. Samuel, Son & Co., Limited, Canada's oldest and largest metals service center and metal manufacturing company, has chosen BES10 and BlackBerry 10 smartphones as their core end-to-end business mobility solution.
April 15, 2014
15:53 EDTBBRYFord's new My Touch with BlackBerry software slated for year end, WSJ says
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08:03 EDTBBRYBlackBerry invests in NantHealth for integrated end-to-end healthcare solutions
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April 14, 2014
10:30 EDTRHTHigh option volume stocks: ZLTQ GLOG RHT SBAC EW
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April 13, 2014
17:05 EDTBBRYBlackBerry plans to release 'Heartbleed' patches, Reuters says
BlackBerry is planning a release of security updates for messaging software for Android and iOS devices by Friday to deal with vulnerabilities in programs related to the "Heartbleed" security threat, says Reuters. Reference Link
April 11, 2014
09:24 EDTORCLOracle management to meet with JPMorgan
Meeting to be held in Chicago on April 17 hosted by JPMorgan.
07:06 EDTORCLOracle management to meet with Deutsche Bank
Meeting to be held in Frankfurt on April 11 hosted by Deutsche Bank.
April 10, 2014
12:13 EDTBBRYBlackBerry CEO: No intention of selling handset unit, Globe and Mail reports
BlackBerry CEO John Chen said his comments that he would consider exiting the handset business were taken out of context, and that there are no immediate plans to sell the business, The Globe and Mail reports. Reference Link
11:03 EDTKMXOptions with decreasing implied volatility: MNKD QCOR MU KMX
09:06 EDTORCLOracle management to meet with Deutsche Bank
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