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Stock Market & Financial Investment News

News Breaks
March 5, 2012
06:55 EDTVZ, VZ, CALL, CALL, EGHT, EGHT, IBM, IBM, INAP, INAP, INXN, INXN, KITD, KITD, RAX, RAX, T, TOppenheimer to host a conference
Cloud Computing Services 1:1 Conference is being held in New York on March 6.
News For CALL;EGHT;IBM;INAP;INXN;KITD;RAX;T;VZ From The Last 14 Days
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April 20, 2015
08:25 EDTRAXData centers,connectivity firms should be owned into results, says Pacific Crest
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07:16 EDTVZVerizon April weekly volatility elevated into Q1 and outlook
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06:29 EDTIBMIBM April volatility elevated into Q1 and outlook
IBM April weekly call option implied volatility is at 46, May is at 25, June is at 22; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on April 21.
06:03 EDTVZESPN raises objections to Verizon FiOS TV packages, WSJ reports
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April 19, 2015
19:57 EDTIBMIBM project in China causes some U.S. concern, NY Times says
IBM has in the past 16 months agreed and received U.S. permission to provide a Beijing company, Teamsun, with partial plans of its higher end servers and the software that runs on them but the U.S. tech giant's activities in China are now becoming a sensitive issue for the Obama administration which is trying to get Beijing to drop new policies requiring American companies to share technology in exchange for market access, says the New York Times. Reference Link
13:36 EDTIBMIBM stock could move towards $195 in intermediate term, Barron's says
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April 17, 2015
12:21 EDTVZOn The Fly: Top stock stories at midday
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09:32 EDTIBMIBM acquires Explorys from Heritage Group
Explorys, a portfolio company of venture capital firm Heritage Group, has been acquired by IBM in an agreement signed April 13. In May 2012, big data company Explorys received a significant investment from the Heritage Healthcare Innovation Fund, a $167M strategic venture fund that invests in businesses that reduce healthcare costs, improve outcomes and increase the efficiency of delivery.
06:33 EDTIBMChina suspends new bank technology policy, NY Times reports
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06:17 EDTVZVerizon to offer monthly custom TV plans, Reuters reports
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April 15, 2015
15:14 EDTIBMIBM April volatility elevated into Q1 and outlook
IBM April weekly call option implied volatility is at 31, May is at 22, June is at 18; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on April 21.
08:43 EDTIBMIBM estimates lowered at Credit Suisse ahead of the Q1 report
Credit Suisse lowered IBM estimates ahead of the Q1 report on April 20 and reiterated its Underperform rating and $125 price target on the stock. The firm's Q1 estimates for EPS and revenue go to $2.84/$19.8B versus consensus of $2.86/$19.9B and FY15 to $15.59/$85B versus consensus of $15.98/$85.4B. Credit Suisse concerns remain a weak order book and a reduction in industry-wide deal sizes, margin dilution from the cloud despite any revenue growth, less effective restructuring, and internal turmoil and underinvestment.
08:15 EDTEGHT8x8, Inc. issued new conferencing and meeting patent
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06:46 EDTTAT&T files lawsuit to challenge net neutrality order, WSJ says
AT&T filed a lawsuit to overturn the FCC's net neutrality order to reclassify the internet as a telecommunications service, reports the Wall Street Journal. The move is surprising, as AT&T didn't join in prior suits, the Journal adds. Reference Link
April 14, 2015
12:40 EDTTPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
April 13, 2015
20:16 EDTVZ, TUSTelecom files net neutrality lawsuit against FCC
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17:13 EDTIBMIBM Medtronic to partner to improve diabetes care
IBM (IBM) and Medtronic (MDT) announced that they will work together to combine powerful analytics and cognitive computing with diabetes medical devices and health data to develop a new generation of personalized diabetes management solutions. People using Medtronic diabetes solutions could benefit from new solutions developed in collaboration with IBM's newly-formed Watson Health unit.
17:12 EDTIBMIBM acquires Cleveland-based Explorys and Dallas-based Phytel
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17:10 EDTIBMIBM establishes a Watson Health Cloud
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07:16 EDTVZTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
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