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Stock Market & Financial Investment News

News Breaks
November 7, 2012
12:21 EDTT, OCLR, FNSR, CSCO, JDSU, JNPR, ADTN, CIENTelecom equipment providers climb after AT&T announces spending plan
A number of telecom equipment providers are climbing after AT&T (T) announced that it would spend about $22B annually over the next three years on capital projects. The company will increase its capital expenditures by about 15% in 2013 compared with 2012. Over the next three years, AT&T intends to spend $14B to expand its wireless and wireline broadband networks, the company added. In a note to investors earlier today, Citigroup analyst Kevin Dennean wrote that the telecom giant will spend about 18% more on capital expenditures over the next three years than research firms' average forecast. Dennean identifies Ciena (CIEN), Juniper (JNPR), Cisco (CSCO) and Adtran (ADTN) as key beneficiaries of AT&T's larger than expected spending increases. Also benefiting will be JDS Uniphase (JDSU), Finisar (FNSR) and Oclaro (OCLR), the analyst wrote. Moreover, Dennean predicts that other telecom carriers may follow AT&T's lead and exploit low costs of capital by significantly enhancing their networks. The analyst maintains Outperform ratings on Ciena, Cisco, Adtran, JDS Uniphase, Finisar, and Oclaro. He maintains a Neutral rating on Juniper. In early afternoon trading, Ciena climbed 8.50% to $14.30, Juniper added 1.08% to $17.73, Adtran rose 3.08% to $18.06 and JDS Uniphase advanced 5.97% to $11.27. However, Cisco dropped 1.60% to $17.20, Finisar lost 0.49% to $12.13 and Oclaro fell 1.86% to $1.58.
News For CIEN;JNPR;CSCO;ADTN;JDSU;FNSR;OCLR;T From The Last 14 Days
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February 24, 2015
15:46 EDTJNPRJuniper CIO leaving company for same role at VMware, Business Insider says
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15:28 EDTJNPRJuniper to hold an analyst and investor update
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09:02 EDTJNPRJuniper adds 2 directors to board, announces agreement with Elliott
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07:14 EDTJNPRCantor to hold a conference
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February 23, 2015
16:24 EDTOCLRSoros Fund reports 9.95% passive stake in Oclaro
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12:28 EDTTGoogle reaches deal with wireless carriers, acquires Softcard tech, Re/code says
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07:38 EDTTComcast, AT&T deals could be delayed by document access case, WSJ says
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05:33 EDTTDirecTV downgraded to Hold from Buy at Brean Capital
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February 22, 2015
18:09 EDTCSCOArista Networks shares could be a bargain, Barron's says
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11:39 EDTADTNADTRAN announces retirement of CFO James Matthews
ADTRAN announced the retirement of its CFO, James Matthews. Matthews’ retirement as SVP – Finance, CFO, Treasurer and Secretary of the company will be effective March 16. Matthews’ retirement as a Director will take effect with the company’s Annual Meeting on May 13; he will not stand for reelection. Matthews is retiring in order to spend time with his family. The company also announced that the Board has elected Michael Foliano, SVP – Global Operations, to the position of Interim CFO. Foliano will assume these responsibilities upon the effectiveness of Matthews’ resignation and will work with Matthews in transitioning these responsibilities until and after that date.
February 20, 2015
13:56 EDTTAT&T VP critical of Dish auction tactics
AT&T (T) VP of Federal Regulatory Joan Marsh stated in a post to a corporate blog that FCC Auction 97 represents "hard evidence that there is significant continuing interest in licensed spectrum... It didn't matter that it was mid-band spectrum. It mattered only that it was broadband spectrum." Marsh notes that Dish (DISH) won more licenses than any other bidder though "none of that spectrum is currently supporting commercial wireless services," with her suggestion being that "auctions should be designed to ensure that licenses go to those willing to deploy networks – not speculators or stockpilers...The government should continue to place a high priority on allocating new licensed bands to the wireless industry." Marsh continues her analysis of Dish, claiming the double and triple-bidding activity carried out by its two designated entities "circumvented auction activity rules, masked actual demand and distorted the auction," as they were able to win significant allocations while enjoying a 25% small business discount. In response to Dish claims that all companies use DEs, Marsh replies that "in more recent auctions... bidders like AT&T, Verizon (VZ) and T-Mobile (TMUS) had no DE relationships, participated directly and paid full price for their licenses." Reference Link
February 19, 2015
14:06 EDTTDirecTV says on track to close deal with AT&T before end of 1H
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08:54 EDTTAT&T fiber-optic internet charges users $29 to avoid tracking, WSJ says
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February 18, 2015
09:01 EDTCIENCiena names Marcus Starke as Chief Marketing Officer
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February 17, 2015
12:12 EDTTAT&T to match Google Fiber speed, pricing in Kansas City area, KC Star says
AT&T (T) announced on Sunday that it would offer Internet service in Kansas City and several of itssuburbs, with the same speed and pricing as Internet service provided by Google's Google Fiber service in the region, according to The Kansas City Star. Reference Link
11:25 EDTCSCOCisco partners with France to invest $100M in French startups, TechCrunch says
French Prime Minister Manuel Valls announced Monday a partnership with Cisco that will see the company investing $100M in French startups in coming years, reports TechCrunch, citing government statements and remarks by Cisco CEO John Chambers. The partnership also involves collaborating on cybersecurity, "smart" networks and cities, and an education initiative aimed at teaching network infrastructure to 200,000 people. Reference Link
09:19 EDTTDocument Security files patent infringement claims against Intel, others
DSS Technology Management, a subsidiary of Document Security (DSS), announced the filing of a patent infringement lawsuit against the Intel (INTC); Dell; GameStop (GME); Conn's Inc. (CONN) and Conn Appliances; NEC Corporation of America; Wal-Mart Stores (WMT) and Wal-Mart Stores Texas, and AT&T (T) in the United States District Court for the Eastern District of Texas, Tyler Division. DSS's complaint alleges infringement by Intel, Dell, GameStop (GME), Conn's, NEC, Wal-Mart, and AT&T of US Patents 5,965,924 and 6,784,552, which relate to semiconductor manufacturing.
05:52 EDTCSCOSony to establish alliance to promote Ultra HD technology, DigiTimes reports
Sony (SNE) is planning to form an alliance with 10 companies including Cisco (CSCO) and Rohde & Shwarz to boost IP-based Ultra HD video broadcasts, reports DigiTimes. According to industry sources, the alliance named IP Life Consortium will allow TV stations worldwide to set up Ultra HD infrastructure with lower costs. Reference Link
05:31 EDTADTNADTRAN receives extension of TL 9000 certification in R&D facility
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February 16, 2015
19:13 EDTTLiberty Global may become takeover target, NY Times says
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