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Stock Market & Financial Investment News

News For CAVM;SSNLF From The Last 14 Days
Check below for free stories on CAVM;SSNLF the last two weeks.
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May 20, 2013
06:43 EDTCAVMCavium downgraded to Market Perform from Outperform at JMP Securities
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06:29 EDTCAVMCavium downgraded to Market Perform from Outperform at JMP Securities
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May 17, 2013
12:13 EDTSSNLFSamsung says S4 sales to reach 10M next week, Korea Times says
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06:12 EDTSSNLFApple losing its edge as innovator, poll shows, Bloomberg reports
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06:07 EDTSSNLFMobile DRAM revenue fell 5% in Q1, DigiTimes reports
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May 16, 2013
12:24 EDTCAVMOn The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80.
11:22 EDTSSNLFSamsung captures 95% of global Android profit in Q1, Strategy Analytics says
Samsung captured 95% of all Q1 global Android smartphone profits, which reached $5B, according to Strategy Analytics. LG followed in second place and took 3% global Android profit share, added the report. Reference Link
10:44 EDTCAVMCisco results give boost to semiconductor names
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10:25 EDTSSNLFMicrosoft discussing 'glasses' tech with Vuzix, NY Post says
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07:07 EDTCAVMCisco results positive for communications semi space, says William Blair
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06:21 EDTSSNLFMicrosoft to launch 8-inch Surface in June, Digitimes says
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May 15, 2013
12:59 EDTSSNLFGoogle confirms plan to sell Samsung Galaxy S4 in Google Play store
Says GS4 will be available on AT&T (T) and T-Mobile (TMUS) networks.
09:32 EDTSSNLFInvenSense has multiple positive catalysts, says Pacific Crest
Pacific Crest thinks that InvenSense (INVN) remains extremely well positioned to penetrate Apple (AAPL) this year. The firm expects InvenSense to recover market share on Samsung's (SSNLF) Galaxy Note 3, and it recommends buying InvenSense shares.
09:31 EDTSSNLFRDA Microelectronics switch selected by Samsung for 2G, 3G smartphones
RDA Microelectronics (RDA) announced that Samsung (SSNLF) has selected the RDASW36 switch for two Samsung models, the 2G Samsung Galaxy Star smartphone and the 3G Samsung Galaxy Pocket Neo smartphone. Both smartphones are expected to be released in Q2 and will be sold in Europe and emerging markets, such as South America. Developed on Silicon-On-Insulator CMOS process technology, RDA's single pole three throw switch combines high power with low insertion loss on a small form factor, making it ideally suited for WiFi and Bluetooth applications in 2G and 3G handsets.
08:33 EDTSSNLFGoogle to announce "pure" Android version of Galaxy S4, Geek.com says
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08:19 EDTSSNLFSamsung shipped 6M Galaxy S4 devices through May 10, androidcentral says
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May 14, 2013
10:49 EDTSSNLFDell accuses optical disk drive makers of price-fixing, Bloomberg says
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07:50 EDTSSNLFSharp to seek increased sales to Samsung, Reuters reports
Sharp Corp. (SHCAY), a supplier to Apple (AAPL), will look to increase sales to rival Samsung Electronics (SSNLF) under a three-year rehabilitation roadmap to secure its survival, reports Reuters. The business plan is expected to be released today, and will lean further on banks that last year saved it from failure, as a $2B convertible bond will fall due in September, sources say. Reference Link
06:22 EDTSSNLFGartner reports Q1 mobile phone sales growth
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May 13, 2013
15:22 EDTSSNLFAmazon confirms purchase of Samsung screen technology, The Digital Reader says
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06:09 EDTSSNLFSamsung announces plans to launch 5G by 2020
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May 10, 2013
10:53 EDTSSNLFFacebook adds Facebook Home launcher to more Android phones, androidcentral says
Facebook (FB) has added the Facebook Home launcher to a number of smartphones using Google's (GOOG) Android operating system, including Samsung's (SSNLF) Galaxy S4 and the HTC One, androidcentral reported last night. Reference Link
08:03 EDTSSNLFLenovo to sell smartphones in Africa, beginning with Nigeria, Bloomberg reports
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May 9, 2013
06:10 EDTSSNLFDRAM shortages expected to impact PC players in Q2, DigiTimes says
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05:50 EDTSSNLFSamsung using its own parts to cut costs, WSJ reports
Samsung Electronics's (SSNLF) newsest smartphone, the Galaxy S 4, takes advantage of its chip- and display-manufacturing prowess to get its material costs closer to Apple's (AAPL) costs for the iPhone 5, reports the Wall Street Journal. Reference Link
May 8, 2013
07:10 EDTSSNLFSamsung faced with hugh cash pile, WSJ reports
Samsung (SSNLF) now faces a new, enviable Apple-like (AAPL) challenge: a mammoth pile of unspent, accumulated cash. The company said its cash and cash equivalents grew to nearly $40B at the end of March. After stripping out debt, their net cash position is $28.5B, reports the Wall Street Journal.Reference Link
06:15 EDTSSNLFApple wants Google documents in Samsung suit, Bloomberg reports
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06:05 EDTSSNLFOn the Fly: Periodicals Wrap-Up
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May 7, 2013
11:39 EDTSSNLFSamsung to open mini-shops in 1,400 Best Buy stores, LA Times reports
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08:28 EDTSSNLFNokia to continue using Windows Phone software, Reuters reports
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08:05 EDTSSNLFStable capactiy, rising demand to drive up memory prices, FT says
After years of price competition and industry consolidation, analysts do not expect any new memory chip capacity to be introduced this year, which coupled with rising demand driven by smartphone growth is set to feed through into prices, Financial Times said. Samsung Electronics (SSNLF), SK Hynix and Micron (MU) now hold more than 90% of the D-Ram market and almost 100% of the Nand market is divided between those three and Intel (INTC), Toshiba (TOSBF) and SanDisk (SNDK), the report noted, citing analysts at Bernstein. Reference Link
06:30 EDTSSNLFSamsung to begin selling OLD TVs in Korea in June, DigiTimes reports
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06:26 EDTSSNLFSamsung acquires connected TVs gaming startup MOVL, TechCrunch reports
Samsung (SSNLF) has acquired MOVL, the maker of the Kontrol.tv API platform, which lets developers create apps to connect TVs via the cloud, a MOVL representative confirms to TechCrunch. Terms of the deal have not been disclosed. Reference Link
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