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Stock Market & Financial Investment News

News Breaks
April 25, 2014
11:08 EDTBRCM, QCOM, PMCS, INTCBroadcom falls after revenue guidance disappoints
Shares of semiconductor company Broadcom (BRCM) are falling after the mid-point of the company’s second quarter revenue outlook fell short of analysts’ consensus estimates. WHAT'S NEW: Last night, Broadcom reported first quarter adjusted earnings per share of 51c and revenue of $1.98B, against consensus views of 46c and $1.96B, respectively. WHAT’S NOTABLE: The mid-point of the company’s Q2 revenue outlook, $2B-$2.1B, fell short of the consensus of $2.07B. Broadcom also forecast Q2 adjusted product gross margin would incease 75bps-175bps, sequentially. ANALYST REACTION: This morning, analyst commentary was mixed. Research firm Needham downgraded Broadcom to Hold from Buy. The firm said Q1 results and Q2 outlook indicated Mobile & Wireless growth is stalling and it noted management backed away from its prior connectivity growth expectations. Conversely, Bernstein thought Broadcom reported strong Q1 results. Bernstein thought the company's LTE business remains frustrating, but can still perform well over the longer term. The firm thought the stock's valuation was attractive. It raised its price target on the shares to $35 from $33, and kept an Outperform rating on the stock. PRICE ACTION: In morning trading, Broadcom fell $1.54, or about 5%, to $29.60 on heavy trading volume. Including today’s pull back, the stock has lost approximately 14% over the past twelve months. OTHERS TO WATCH: Others in the semiconductor space include Qualcomm (QCOM), PMC-Sierra (PMCS) and Intel (INTC).
News For BRCM;QCOM;PMCS;INTC From The Last 14 Days
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August 21, 2014
05:50 EDTQCOMStocks with implied volatility movement; QCOM SNDK
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August 20, 2014
13:05 EDTINTCIntel and Unity collaborate to extend Android support across Intel-based devices
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August 18, 2014
10:29 EDTINTCGoldman cuts sector view on semiconductors to Cautious
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08:04 EDTINTCSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
August 15, 2014
06:23 EDTINTCIntel teaming with SMS Audio for biometric earbuds, WSJ reports
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August 14, 2014
17:27 EDTQCOMAppaloosa gives quarterly update on stakes
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14:13 EDTQCOMOmega Advisors gives quarterly update on stakes
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09:55 EDTQCOMQualcomm discloses 4.1M share stake in Globalstar
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05:52 EDTBRCMOpco sees Cicso results as favorable for supply chain
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August 13, 2014
17:38 EDTINTCAvago to sell Axxia Networking Business to Intel for $650M
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05:59 EDTINTCIntel could invest up to $100B in Oregon over 30 year period
Washington County, a political subdivision of the State of Oregon, the City of Hillsboro, a municipal corporation, and Intel have entered into a strategic investment program agreement. The SIP application requested that Intel and the County enter into a SIP Agreement to provide a framework for potential additional Intel investment in Oregon of up to $100B over a 30 year period commencing around the time when the current SIP agreement between Intel and the County approaches or reaches the limits of its current investment ceiling. In general terms, Intel’s investment will consist primarily of proposed investments in semiconductor manufacturing equipment and facilities to promote job retention of its semiconductor manufacturing and semiconductor technology development work force. Reference Link
August 12, 2014
10:07 EDTQCOMCirrus Logic losing China OEM market share to Qualcomm, says Rosenblatt
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07:33 EDTQCOMQualcomm's subsidiary enters into collaboration to develop health solutions
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August 11, 2014
08:11 EDTBRCMBroadcom has meaningful upsise, says Morgan Stanley
Morgan Stanley said Broadcom management is in the early stages of transforming the company to one of stable growth and high profitability from one focused on growth, which should catch the focus of investors. The firm expects shares to trade higher and reiterates its Overweight rating and raises its price target to $44.
07:53 EDTBRCMBroadcom upcoming changes not priced into shares, says Jefferies
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August 10, 2014
18:44 EDTINTCIntel should see more gains, Barron's says
As Intel's revenues are expected to climb 5% this year, investors should expect more gains by the company's stock, Barron's argues in a follow up article. Reference Link
16:51 EDTINTCCourt rejects $324M settlement in tech hiring conspiracy, NYT says
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August 8, 2014
16:16 EDTINTCU.S. judge rejects Apple, Google antitrust hiring accord, Bloomberg reports
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12:01 EDTINTCAltisource names Juneja Chief Technology Officer
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11:51 EDTQCOM, INTC, BRCMNVIDIA rallies after Q2 quarter profit, Q3 revenue outlook top estimates
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