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Stock Market & Financial Investment News

News For BBRY;MSFT From The Last 14 Days
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June 26, 2015
12:23 EDTMSFTMicrosoft says revenue recognition method will remain unchanged for Windows 10
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10:14 EDTBBRYOptions with decreasing implied volatility
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06:04 EDTMSFTMicrosoft, NASA teaming up to develop Sidekick
NASA and Microsoft are teaming up to develop Sidekick, a new project using commercial technology to empower astronauts aboard the International Space Station. Sidekick uses Microsoft HoloLens to provide virtual aid to astronauts working off the Earth, for the Earth. A pair of the devices is scheduled to launch on SpaceX’s seventh commercial resupply mission to the station on June 28. The goal of Sidekick is to enable station crews with assistance when and where they need it. This new capability could reduce crew training requirements and increase the efficiency at which astronauts can work in space. The Sidekick project is part of a larger partnership formed by NASA and Microsoft to explore applications of holographic computing in space exploration. Earlier this year, NASA and Microsoft announced a collaboration to develop software called OnSight, a new technology that will enable scientists to work virtually on Mars using the same HoloLens technology. NASA’s Jet Propulsion Laboratory in Pasadena, California, led the development of Sidekick and OnSight. NASA’s Johnson Space Center in Houston led testing and certification of Sidekick for use onboard the space station.
05:51 EDTBBRYFoxconn expects to be largest handset, tablet ODM/OEM in 2015, DigiTimes says
Foxconn Chairman Terry Guo said the company is set to be the largest OEM/ODM for handsets, tablets and desktops in 2015, reports DigiTimes. Guo added that Foxconn will establish component supply chains to increase its advantage over competitors. Reference Link
June 25, 2015
17:56 EDTMSFTMicron plunges after Q3 results, guidance impacted by PC headwinds
Shares of PC related memory chip maker Micron Technology (MU) are plunging after reporting third quarter financial results and fourth quarter guidance that missed analyst expectations. WHAT'S NEW: After the close, Micron reported Q3 earnings per share of 54c on revenue of $3.85B, both shy of analyst estimates of 56c and $3.9B, respectively. Citing "near-term headwinds driven primarily by weakness in PC sector," Micron gave a fourth quarter revenue view of $3.45B-$3.7B which was significantly lower than analyst expectations of $4.16B. WHAT'S NOTABLE: On the company's earnings conference call, Micron said, consistent with prior expectations, "We are forecasting DRAM industry supply bit growth in the mid-20s in calendar 2015 and in the low-to-mid 20s in 2016." The company said it sees DRAM gross margins for Q4 down mid-single digits sequentially. Additionally, the chip maker said it sees Q4 DRAM bit growth flat to up low single digits. ANALYST TAKE: On June 22, Micron was downgraded to Sell from Neutral at Goldman Sachs. Goldman analyst Mark Delaney downgraded Micron Technology to Sell saying rising DRAM supply will lower selling prices and contract margins. Delaney expects DRAM prices to drop up to 30% over the next three quarters and cut his price target for shares to $19 from $27. On the same day, JP Morgan lowered its price target on Micron shares to $33 from $37. The firm also lowered its estimates for Micron citing lower than anticipated DRAM pricing in the past three months. The firm, however, kept an Overweight rating on Micron, saying improving demand in other segments like mobile and the company's decision to not hold inventory during Q3 should help offset the DRAM weakness. PRICE ACTION: Shares of Micron are lower by 11.5% in after- hours trading to $21.25. OTHER PC RELATED STOCKS: In after-hours trading, PC related chip makers are also lower, with Intel Corporation (INTC) down 0.9%, NVIDIA (NVDA) lower by 1.1%, and AMD (AMD) down fractionally. Others trading lower include Microsoft (MSFT), SanDisk (SNDK), Hewlett-Packard (HPQ), and Seagate (STX).
17:26 EDTMSFTMicrosoft CEO Satya Nadella lays out new mission statement, GeekWire reports
Microsoft CEO Satya Nadella emailed a new mission statement to employees companywide on Thursday morning, which was obtained by GeekWire. It reads, in part, "I believe that culture is not static. It evolves every day based on the behaviors of everyone in the organization. We are in an incredible position to seize new growth this year. We will need to innovate in new areas, execute against our plans, make some tough choices in areas where things are not working and solve hard problems in ways that drive customer value." Reference Link
10:11 EDTBBRYOptions with decreasing implied volatility
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08:08 EDTBBRY, BBRYBlackBerry's quarter provides little confidence in software growth, says CLSA
CLSA lowered BlackBerry estimates following the "confusing quarter" which provided little confidence in software business growth. The firm reiterated its Underperform rating and lowered its price target to $9 from $10 on lower FY16 EPS estimates of (20c) vs. (6c) previously.
07:03 EDTBBRYBlackBerry announces 12M common share repurchase program
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06:31 EDTMSFTMicrosoft focusing on increasing smartphone sales in India, WSJ reports
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June 24, 2015
18:16 EDTMSFTGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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16:00 EDTBBRYActionable Options for Wednesday, June, 24
iPath S&P 500 VIX Short-Term Futures up 30c to 17.32 Option volume leaders: AAPL FB NFLX BAC VALE MU BABA WMB T F EBAY FCX TWTR BBRY
10:43 EDTBBRYStocks with call strike movement; BBRY CNX
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10:36 EDTMSFTElectronic Arts advances after analysts positive on E3 showing
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10:19 EDTBBRYOptions with decreasing implied volatility
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09:35 EDTBBRY, MSFTActive equity options trading on open
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07:48 EDTBBRYBlackBerry estimates, price target lowered at Canaccord
Canaccord lowered its estimates and price target on Blackberry following its Q1 report, as the firm sees a continued decline in high margin services business and ongoing tepid hardware sales remaining headwinds. Canaccord maintained its Hold rating and lowered its price target to $8 from $10 on Blackberry shares.
06:07 EDTMSFTJefferies says PC market to stay 'lower for longer'
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June 23, 2015
16:29 EDTBBRYOn The Fly: Top stock stories for Tuesday
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16:00 EDTBBRYOptions Update; June 23, 2015
iPath S&P 500 VIX Short-Term Futures down 46c to 17. Option volume leaders: AAPL FB AAPL T BAC MU BTU WMB AMZN TWTR BBRY
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