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May 22, 2014
08:25 EDTSSNLF, BBY, SNEBest Buy says to open 500 Samsung, 350 Sony home theater stores this quarter
Says will open 500 Samsung Entertainment (SSNLF), 350 Sony Experience (SNE) stores within stores this quarter. Says since Q4, annualized cost reductions have increased an additional $95M, bringing the total annualized cost reductions to $860M. Says online sales represented 8.2% of sales in Q1, up from 6.3% a year ago. Sees ongoing softness in mobile phone category in Q2, Q3. Comments made on the Q1 earnings conference call.
News For BBY;SSNLF;SNE From The Last 14 Days
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September 25, 2015
08:50 EDTSSNLFBlackBerry says working with Google on securing Android
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September 24, 2015
20:04 EDTSSNLFFacebook virtual reality initiative picks up speed with $99 Samsung device
Thursday's Oculus Connect 2 event saw numerous announcements from Facebook (FB) virtual reality subsidiary Oculus VR, including content deals with major media players as well as a $99 VR headset developed in conjunction with Samsung (SSNLF). CONTENT OFFERINGS: The virtual reality firm will be partnering with Fox (FOX, FOXA) and Lionsgate (LGF) to bring more than 100 films to the Oculus Store at launch. Additionally, Netflix (NFLX), Amazon's (AMZN), TiVo (TIVO), and Hulu -- the joint venture of Disney (DIS), Fox, and Comcast's (CMCSA, CMCSK) NBCUniversal -- will be launching apps for the company's virtual reality products, bringing web TV and streaming content to early adopters of the new technology. MAINSTREAM DEVICE: Samsung joined with Oculus to reveal a new $99 "Gear VR" headset on Thursday. Standing in contrast to Oculus' own pricier devices, the Samsung headset will rely on the company's Galaxy line of smartphones to power its virtual reality experiences. Note that a major point of contention regarding the "blockbuster" potential -- or lack thereof -- of VR technology is whether consumers will be willing to pay upwards of $399 for the Oculus gadgets. Samsung's Gear VR tends more towards what Piper Jaffray analyst Gene Munster has called "medium immersion" devices, potentially allaying investor concern over adoption rates with its more attractive point of entry. PRICE ACTION: Facebook shares closed higher by 0.5% and continued to rise in after-hours trading, up another 0.2%.
12:02 EDTSSNLFSTARZ PLAY now available on Samsung Smart TVs
Starz announced that STARZ PLAY, the authenticated online TV Everywhere service for STARZ premium subscribers, has launched on Samsung (SSNLF) Smart TVs. STARZ subscribers may now watch exclusive STARZ Original series including "Blunt Talk," "Survivor's Remorse," and "Power," among others, as well as hundreds of movies and first-run films on Samsung Smart TVs. Starting today, the STARZ PLAY App will be available in Samsung App store within the Smart Hub across select 2014 and 2015 Samsung Smart TVs.
11:21 EDTSSNLFJury says Pendrell patents not infringed on by Samsung, Google products
Pendrell announced earlier, that on September 23, a jury in the United States District Court for the Eastern District of Texas found that certain claims of five digital rights management patents asserted by Pendrell (PCO) subsidiary, ContentGuard Holdings, against Samsung Electronics (SSNLF) and Google (GOOG) are valid, but that Samsung products and Google products accused in the lawsuit do not infringe the asserted patents. ContentGuard is assessing the jury's findings and evaluating its options to challenge the verdict. ContentGuard's claims against Samsung and Google are part of a larger lawsuit filed by ContentGuard against several companies that have not paid for a license to use ContentGuard's patented digital rights management solutions, including Apple (AAPL), DirecTV, HTC, Huawei and Motorola Mobility. The jury verdict does not impact ContentGuard's August 2015 settlement and license agreement with (AMZN); nor does ContentGuard believe the jury verdict will impact or delay ContentGuard's upcoming November trial against Apple. Shares of Pendrell are down 35.34% in morning trading.
06:34 EDTSSNLFApple 'A10' processor may switch to six-cores, AppleInsider reports
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06:08 EDTSSNLFSamsung Pay has over $30M in accumulated transaction volume in first month
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September 23, 2015
20:08 EDTSNEChinese president visits U.S. amid cybersecurity, copyright worries
As part of his first official U.S. visit, Chinese president Xi Jinping held a meeting with American business leaders on Wednesday to address concerns of copyright infringement and cybersecurity, among numerous topics. In attendance were corporate giants from both nations, including Microsoft (MSFT), Apple (AAPL), Amazon (AMZN), Cisco (CSCO), Alibaba (BABA), Tencent (TCEHY), and Baidu (BIDU), according to media reports. COPYRIGHT CONCERNS: Responding to oft-cited concerns of copyright infringement by Chinese companies, Xi said China will "stand firm to protect" the intellectual property rights of American companies, according to Wall Street Journal coverage of the event. Note that in late 2014, China began establishing specialized courts to deliberate on intellectual property rights cases, and Xi commented Wednesday that "the newly established IPR courts are working smoothly. This means there will be much stronger IPR protection which will serve the interests of foreign businesses as well as Chinese companies." Chinese consumer electronics company Xiaomi is perhaps the most talked-about firm when it comes to the matter, with media outlets frequently criticizing its alleged "copying" of Apple design sensibilities. In mid-July, Xiaomi VP of global operations Hugo Barra told Bloomberg that the company is preparing to enter U.S. markets, though he cautioned that the launch could be "much more" than a year away as it seeks to build up its patent portfolio. CYBERSECURITY TENSIONS: Wednesday's meeting comes in the wake of numerous high-profile "hack attacks," with Sony (SNE), American Airlines (AAL), Anthem (ANTM), United Airlines (UAL), and Target (TGT) all reporting digital security breaches in recent years. Xi has consistently denied the involvement of state-backed hackers, but tensions have nevertheless arisen as cybersecurity firms such as FireEye (FEYE) and Palo Alto Networks (PANW) backtrace connections to the country. Cybersecurity intrusions originating from China have recently slowed ahead of Xi's visit, according to Reuters, with Kevin Mandia of security firm Mandiant telling the publication, "In my gut, I feel like the Chinese and the U.S. over the next couple of years are going to figure this out."
05:30 EDTBBYStocks with implied volatility below IV index mean; LULU BBY
Stocks with implied volatility below IV index mean; lululemon (LULU) 38, Best Buy (BBY) 32 according to iVolatility.
September 22, 2015
12:54 EDTSNEGoPro CEO says market share has grown since Sony entered market
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12:53 EDTSNEGoPro CEO says competitors like Sony have helped grow total reach
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08:08 EDTSSNLFVMware extends Samsung partnership to include AirWatch
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05:18 EDTBBYStocks with implied volatility below IV index mean; LULU BBY
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September 21, 2015
17:33 EDTSSNLFApple may adopt curved iPhone screens by 2018, Business Korea says
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16:53 EDTSNEOn The Fly: Top stock stories for Monday
Stocks on Wall Street began the session in positive territory and remained there for most of the morning. The Nasdaq was the first index to show signs of weakness after Hillary Clinton pledged to address the high cost of specialty drugs, sinking multiple biotech stocks. The averages later recovered from their afternoon lows, with both the Dow and S&P posting gains and the Nasdaq narrowly finishing in the green after Monday's drug pricing debate. ECONOMIC EVENTS: In the U.S., existing home sales fell 4.8% to a 5.31M rate in August, versus expectations for them to be down 1.6% to a rate of 5.5M. Over the weekend, three Federal Reserve officials, namely San Francisco Fed President John Williams, St. Louis Fed President James Bullard and Richmond Fed President Jeffrey Lacker, all argued that an interest-rate increase is still warranted this year. COMPANY NEWS: Biotech stocks declined after privately-held Turing Pharmaceuticals made headlines by enacting a 5,000% price increase on its treatment for toxoplasmosis, reigniting a debate around drug prices that previously embroiled costly Hepatitis C drugs including AbbVie's (ABBV) Viekira Pak and Gilead's (GILD) Sovaldi and Harvoni. Presidential candidate Hillary Clinton sent the debate to center stage by criticizing the "outrageous" prices of specialty drugs and promising to lay out a plan tomorrow to tackle "price gouging" in the specialty drug market. The NASDAQ Biotechnology index fell roughly 4.4% following the attention paid to Turing's drug and Clinton's response... Shares of Volkswagen (VLKAY) trading in New York dropped 17.1% to $30.10 after the EPA and California Air Resources Board detected manipulations that violate U.S. environmental standards while testing certain Volkswagen diesel cars. The EPA said Volkswagen may face civil penalties of $37,500 for each vehicle not in compliance with federal clean air rules, which could total as much as $18B, according to Reuters... Apple (AAPL), which has previously been reported to be working on an electric car via its "Project Titan," is speeding up those efforts and setting 2019 as a target to ship its first vehicle, according to The Wall Street Journal. Shares of Tesla Motors (TSLA) were volatile following the Journal's report, but closed the day up 1.37% at $264.20. MAJOR MOVERS: Among the notable gainers was Atmel (ATML), which surged 12.65%, to $8.19 after agreeing to be acquired by German chipmaker Dialog Semiconductor in a deal valued at roughly $4.6B. Also higher was Starwood Waypoint (SWAY), which gained $2.89, or 12.70%, to $25.64 after announcing a stock-for-stock merger agreement with Colony American Homes. Additionally, Pandora (P) rose 8.17% to $21.31 after receiving an interim opinion from the Register of Copyrights regarding the company's agreements with Merlin and Naxos. Among the noteworthy losers was GoPro (GPRO), which fell $2.88, or 8.19%, to $32.27 after Barron's contended that the company's stock could plunge another 30% to $25 as Apple, Sony (SNE), and others pressure the company's "one-hit wonder" products. Also lower was Mallinckrodt (MNK), which lost $8.23, or 10.02%, to $73.87 after ANI Pharma (ANIP) announced plans to acquire two new drug applications from Merck (MRK) that could compete with Acthar, Mallinckrodt's largest product. Separately, D.R. Horton (DHI) dipped 2.91% after the August U.S. existing home sales report showed a 4.8% drop for the month. Note also that Lennar (LEN) slipped 0.27% after its quarterly earnings report beat analyst estimates. INDEXES: The Dow rose 125.61, or 0.77%, to 16,510.19, the Nasdaq added 1.73, or 0.04%, to 4,828.96, and the S&P 500 gained 8.94, or 0.46%, to 1,966.97.
10:49 EDTSNEGoPro falls after Barron's predicts 'dramatic' drop in share price
GoPro (GPRO) shares fell in morning trading after an article from Barron's argued that the company's share price may drop to as low as $25. WHAT'S NEW: Alexander Eule argued in a Barron's article that GoPro's stock price may see a "dramatic" slip of as much as 30% to $25 due to significant competitive pressure from Apple (AAPL), Sony (SNE) and others. Eule noted that the company's shares have crashed to a recent $35 after peaking at $98 in October 2014 and even called the mostly bullish analyst views on the camera maker's stock "wishful thinking." Additionally, Eule called the company's cameras a "one-product wonder" and compares them to BlackBerry (BBRY) smartphones and Palm digital organizers, which previously dominated their respective markets. The article adds that there is risk in being overly bearish on the company, since the "impressive" brand might become an acquisition target. WHAT'S NOTABLE: Last Wednesday, Citi analyst Jeremy David said that GoPro chief financial officer Jack Lazar confirmed at the bank's Global Tech Conference the week before that the Hero4 Session camera has been off to a slow start since its launch on July 12. David said that the recent selloff in the company's shares has been motivated by investor concerns about the Session. At the time, Citi cut its third quarter fiscal 2015 estimate for the company to $425M from $438M and fourth quarter estimate to $560M from $737M, $148M below consensus estimate at the time of $708M. David also said he was reducing estimates for the second half of fiscal 2015 and first quarter of fiscal 2016 as a result of downside from the Hero4 Session, but left estimates after 1Q16 unchanged, saying the long-term fundamentals of the company are "intact." The analyst added that his firm was "humbled" by the recent move in share price and acknowledged that GoPro is the "quintessential product cycle stock," though he said he remains bullish on the long-term prospects of the camera maker and reiterated a $90 price target. David argued that GoPro missing Q3 estimates and guiding below the consensus for Q4 is largely priced in. Separately, The Wall Street Journal said on September 13 that shares of GoPro were starting to look like a bargain after dropping 50% in a month. The company had a difficult time selling its Hero4 Session camera in July in the face of competition from older GoPro models, the publication added. PRICE ACTION: In morning trading, GoPro shares are down 5.15% to $33.34. OTHERS TO WATCH: Ambarella (AMBA), which supplies chips to GoPro, is down 3.7% to $68.81.
06:34 EDTSSNLFSamsung may be planning leasing program for Galaxy phones, Forbes reports
Samsung (SSNLF) is rumored to be planning to launch a leasing program for its Galaxy phones in the U.S., similar to the program Apple (AAPL) recently announced, Forbes reports, citing an industry executive with knowledge of Samsung's plans. According to the source, Samsung could launch the leasing program in the next few months. Apple's iPhone Upgrade Program encourages consumers to buy iPhones directly from the Apple Store instead of going through carriers, the publication notes. Publicly traded wireless carriers include AT&T (T), Verizon (VZ), Sprint (S) and T-Mobile US (TMUS). Reference Link
06:07 EDTSSNLFServer DRAM prices are down 15% since beginning of Q3, DigiTimes says
DRAMeXchange said average contract prices for server DRAM chips are down 15% since the beginning of Q3 due to weak demand, reports DigiTimes. DRAMeXchange added that shipments of branded enterprise servers have decelerated and dropped due to a weak global economy and currency rate fluctuations. Reference Link
05:40 EDTBBYStocks with implied volatility below IV index mean; LULU BBY
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September 20, 2015
19:48 EDTSNE'Maze Runner' sequel outpaces 'Black Mass'
Young-adult science fiction film "Maze Runner: The Scorch Trials" raced ahead of Johnny Depp-led crime biopic "Black Mass" in their respective weekend debuts. WEEKEND LEADER: Falling somewhat short of estimated sales in the range of $34M-$36M, Fox's (FOX, FOXA) "Maze Runner: The Scorch Trials" grossed $30.3M domestically for the weekend of September 20. The sci-fi action thriller's $61M budget nearly doubles that of the first "Maze Runner" film, building on a trend of dystopic young-adult films popularized by Lionsgate's (LGF) "The Hunger Games" and "Divergent." BOX OFFICE RUNNERS-UP: "Black Mass" from Time Warner (TWX) subsidiary Warner Bros. took in $23.4M for its domestic open. The Boston-based crime film garnered acclaim from critics and audiences alike, with particular praise given to Johnny Depp in the role of mobster Whitey Bulger. Meanwhile, Comcast (CMCSA, CMCSK) subsidiary Universal's horror thriller "The Visit" earned $11.4M in its second week in theaters, while Sony (SNE) thriller "The Perfect Guy" fell to fourth place with $9.7M. Rounding out this weekend's Top 5, Universal's disaster film "Everest" grossed $7.6M despite opening in just 545 theaters ahead of its wider release.
12:49 EDTSNEGoPro shares could fall another 30% to $25, Barron's says
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