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Stock Market & Financial Investment News

News Breaks
May 5, 2014
06:13 EDTBBY, SSNLF, SNESony and Samsung launching in-store shops at Best Buy stores, LA Times reports
Sony (SNE) and Samsung (SSNLF) are set to launch in-store entertainment shops at Best Buy (BBY) locations in the U.S., the LA Times reports. Sony is set to launch 350 Sony Experience areas, while Samsung will launch around 500 Samsung Entertainment Experience areas at hundreds of Best Buy locations. Reference Link
News For BBY;SSNLF;SNE From The Last 14 Days
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July 30, 2014
09:53 EDTBBYBest Buy CEO Joly says sales of tablets 'crashing,' Re/code reports
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July 28, 2014
12:26 EDTSSNLFIHS teardown says Amazon Fire phone costs $205 to build, Re/code reports
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09:01 EDTSSNLFSamsung delays Tizen smartphone Russia debut, WSJ says
Samsung said it is planning to delay the launch of its Samsung Z smartphone in Russia, which will run on its new Tizen operating system, according to The Wall Street Journal, citing a brief statement from the firm. Postponing the reveal marks a new complication to the company's efforts to make a name for itself in the mobile software and services market. Reference Link
06:33 EDTSSNLFSamsung to open new R&D center in Silicon Valley in 2015, Business Insider says
Samsung is planning to "hire like crazy" in a move to open a $300M R&D center in Silicon Valley by next summer, Business Insider reports. Reference Link
July 24, 2014
09:35 EDTSSNLFReport: Samsung's departments suffering from infighting, DigiTimes says
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09:32 EDTSNESony to raise production capacity for stacked CMOS image sensors, DigiTimes says
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July 23, 2014
11:33 EDTSSNLFSamsung Ventures invests in BlueStacks, Business Insider reports
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10:20 EDTSNESony investing to increase stacked CMOS image sensor production
Sony (SNE) announced earlier that it plans to invest in Nagasaki TEC and Kumamoto TEC from the second half of FY14 through the first half of FY15 to increase its production capacity for stacked CMOS image sensors. This investment is primarily intended to reinforce Nagasaki TEC's layering process production capabilities, as well as Kumamoto TEC's mastering process facilities. The current investment is expected to enable Sony to complete subsequent stages of production, including the layering process, at Nagasaki TEC on semiconductor chips that have undergone the mastering process at Yamagata TEC, providing Sony with a fully integrated production system for stacked CMOS image sensors. This investment forms part of Sony's mid - to long-term plan to increase its total production capacity for image sensors to approximately 75K wafers per month and is expected to increase the current capacity of approximately 60K wafers per month to approximately 68K wafers per month in August 2015. Sony intends to bolster its manufacturing capacity for stacked CMOS image sensors, and further strengthen its integrated supply operations, and to thereby reinforce its leading market position. The total investment amount is expected to be approximately Y35B to be carried out in FY14 and in FY15. Of this, the amount to be invested in FY14, or approximately Y9B, was included in the forecast of capital expenditure for semiconductors in the current fiscal year of approximately Y65B announced on May 14. Note that OmniVision Technologies (OVTI) designs, develops and markets integrated and semiconductor image-sensor devices.
July 22, 2014
16:04 EDTSNESkullcandy names David Raffone as Chief Sales and Revenue Officer
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06:21 EDTSSNLFWitsView: Acer surpasses Samsung in Chromebook shipments in Q2, DigiTimes says
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06:17 EDTSNE, SSNLFGlobal notebook shipments to increase 4.3% in Q3, DigiTimes Research says
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July 21, 2014
10:45 EDTBBYAnalysts roll out coverage on GoPro with differing views
Shares of GoPro (GPRO) are climbing after a number of analysts initiated coverage of the stock with different outlooks. GoPro develops mountable and wearable cameras. BULLISH TAKE: JPMorgan analyst Paul Coster initiated coverage of GoPro with an Overweight rating. GoPro is gaining share in the digital camcorder market, and it has begun to penetrate "active lifestyle" markets, which are a much larger opportunity for the company, Coster believes. The company could ship 10M of its products for use by active lifestyle participants annually, the analyst estimated. In a best case scenario, the company could also sell low-cost devices for the mass market, according to Coster. However, GoPro will face competition from major companies, including Google (GOOG) and possibly Apple (AAPL) in this market, warned Coster, who set a $51 price target on GoPro. Also initiating coverage of the name with an Overweight rating was Piper Jaffray analyst Sean Naughton. GoPro is in the early stages of growth, as the company's user base is poised to expand beyond extreme sports enthusiasts, the analyst forecast. The company has a competitive advantage over other brands, which should enable it to maintain strong profitability, added Naughton, who set a $48 price target on the shares. BEARISH TAKE: Stifel analyst Jim Duffy started coverage of GoPro with a Hold rating. The company's three year growth outlook is compelling, but the stock is fully valued, the analyst believes. The company faces a number of risks, including competition in the image device market and the possibility that its relationship with key channel partners, including Best Buy (BBY), could be disrupted, the analyst wrote. Sales to Best Buy accounted for 17% of GoPro's revenue in fiscal 2013, Duffy reported. After GoPro surged following its initial public offering, the stock is likely to advance by only limited amounts, wrote Barcalys analyst Joseph Wolf, who initiated coverage of the shares with an Equal Weight rating. The stock could fall to $30 if the company is unable to increase its hardware sales or make progress in its efforts to develop a media business, the analyst warned. He set a $45 price target on the shares. PRICE ACTION: A total of seven analysts rolled out coverage today on GoPro, according to The Fly’s research, with only two recommending the stock with buy-equivalent ratings. Shares of the camera marker are up 3%, or $1.10, to $42.53 in morning trading.
07:20 EDTSSNLFSamsung China supplier stops production amid investigation, Reuters says
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06:23 EDTSNEUpscale Sony Walkman enjoying a comeback in Japan, WSJ reports
Sony's new $700 Walkman, which is aimed at premium buyers, is enjoying a small comeback, the Wall Street Journal reports. The company says the ZX1, which houses 128 gigabytes of storage, is selling well in Japan. Reference Link
July 18, 2014
07:22 EDTSNETotal June video game sales up 24%, spending on games down 3%, VentureBeat says
Sales of physical video game products, including consoles, games and accessories, rose 24% from the same month of last year to $736.4M in the U.S. in June, reported VentureBeat, citing NPD Group data. Spending on games slid 3% year-over-year to $286.8M, the report noted, with NPD stating that sales of launch titles this June "did not compare favorably" to those launched in 2013. The report also noted that PS4 again outsold Xbox One in the month. Publicly traded companies in the video game space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME), Take-Two (TTWO), Sony (SNE) and Microsoft (MSFT). Reference Link
06:08 EDTSSNLFSamsung mobile executives return part of bonuses, Yonhap News reports
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06:06 EDTSNEXbox Live, PlayStation Network users report connectivity issues, Re/code says
Xbox Live (MSFT) and PlayStation Network (SNE) users yesterday reported problems with connecting to their online services, Re/code reports. The connectivity issues could be connected to the start of a beta period for the upcoming Bungie-Activision (ATVI) game Destiny, the publication says. Reference Link
06:06 EDTSNESony confirms PlayStation4 is top selling next-gen consol in June for U.S.
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06:02 EDTSSNLFDRAMeXchange: Global DRAM module sales grew 32% in 2013, DigiTimes says
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July 17, 2014
06:43 EDTSSNLFTSMC expects to lose out to competitors in 14/16nm segment, DigiTimes says
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