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Stock Market & Financial Investment News

News Breaks
February 5, 2013
13:16 EDTDELL, SYMC, MSFT, CA, BMCCA, Symantec, BMC gain after Dell reaches deal to go private
CA (CA), Symantec (SYMC), and BMC Software (BMC) are climbing after Dell announced earlier today that it had agreed to go private in a deal valued at $24.4B. The Dell deal may reignite speculation that the three large software vendors may carry out similar transactions, JPMorgan analyst John DiFucci wrote in a note to investors following the Dell announcement. DiFucci also noted that Microsoft (MSFT) had agreed to provide a $2B loan to finance Dell's transaction. Microsoft's partners will probably be pleased that the software maker chose to provide a loan to the acquirers, rather than obtain a stake in Dell, the analyst wrote. The software giant’s decision will reduce concerns that Dell will receive preferential treatment from Microsoft, DiFucci contended. The analyst maintained Overweight ratings on CA and Symantec, and Neutral ratings on BMC and Microsoft. In early afternoon trading, CA added 1.5% to $25.06, Symantec climbed 2% to $22.08, BMC rose 1% to $42.05, and Microsoft added 0.5% to $27.57.
News For CA;SYMC;BMC;MSFT;DELL From The Last 14 Days
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April 20, 2015
05:49 EDTSYMCSymantec upgraded to Hold from Underperform at Jefferies
Jefferies upgraded Symantec to Hold citing a lack of negative catalysts and potential breakup scenarios following the company's analyst day. The firm raised its price target for shares to $21 from $20.
April 19, 2015
16:51 EDTMSFTFireEye labs detected limited APT campaign
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April 17, 2015
13:39 EDTMSFTElectronic Arts says Star Wars Battlefront begins shipping November 17
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13:31 EDTSYMCSymantec approached NetApp, EMC about potential Veritas sale, Bloomberg says
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13:19 EDTSYMCSymantec May volatility elevated on wide price movement
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12:39 EDTMSFTMicrosoft weekly volatility elevated into Q3 and outlook
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11:20 EDTMSFTGoogle deal possible after Yahoo amends search pact with Microsoft, analyst says
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10:19 EDTMSFTAnalyst says AMD driving close to cliff after Q1 miss
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07:15 EDTMSFTYahoo search deal with Google could add $10/share, says Jefferies
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06:33 EDTMSFTChina suspends new bank technology policy, NY Times reports
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April 16, 2015
11:54 EDTMSFTYahoo gets more flexibility with new Microsoft agreement, says Cantor
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09:01 EDTMSFTMicrosoft, Yahoo agree to amend search partnership
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09:00 EDTMSFTMicrosoft, Yahoo agree to amend search partnership
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06:08 EDTMSFTMicrosoft counceled EC in Google antitrust probe, NY Post says
Microsoft (MSFT) "complained a lot" and "definitely counseled" the European Commission in its antitrust investigation of Google (GOOG), reports the New York Post, citing a source with direct knowledge of the situation. Reference Link
April 15, 2015
10:00 EDTCAOn The Fly: Analyst Initiation Summary
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06:17 EDTMSFTCiti cuts Microsoft estimates, price target ahead of Q3 results
Ahead of the tech giant's Q3 results on April 23 and analyst day on April 29, Citigroup cut its below consensus estimates for Microsoft to reflect currency headwinds, lower PC units and reductions in commercial licensing. Citi's FY15, FY16 and FY17 earnings estimates now stand at $2.59, $2.71 and $2.90. The firm believes further contraction to Microsoft’s valuation multiple is possible given downside risk to consensus numbers and "medium-term uncertainty on multiple fronts." It believes the tech giant's strategic issues, including Windows challenges and the cloud transition, have no easy answers. Citi cut its price target for Microsoft shares to $36 from $38 and keeps a Sell rating on the name.
05:32 EDTCACA Technologies initiated with a Neutral at JPMorgan
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April 14, 2015
11:04 EDTMSFTMicrosoft acquires Datazen Software, terms not disclosed
Microsoft announced in a blog post the acquisition of Datazen Software, "an industry leader in mobile business intelligence and data visualization on Windows, iOS and Android devices. This acquisition accelerates our Power BI strategy to help organizations create a data culture with easy-to-use, accessible tools to extract maximum value from data – from anywhere, on any device... Beyond great technology, this acquisition brings a group of talented people to Microsoft. They will help us continue to deliver a broad range of products and services that will empower organizations around the world capitalize on their data opportunities." Reference Link
05:46 EDTMSFTMicrosoft's Surface 3 expected to see weak sales, DigiTimes Research reports
Microsoft's Surface 3 is expected to see low shipments and weak sales due to fiercer competition than those for its Surface Pro 3, reports DigiTimes Research. The Surface 3, priced over $600, is expected to only have limited impact on other branded 2-in-1 products, which are priced below $350 on average. Reference Link
05:46 EDTMSFTMicrosoft offers fee cut to attract vendors to pre-install apps, DigiTimes says
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