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Stock Market & Financial Investment News

News Breaks
January 30, 2014
05:19 EDTCODESpansion responds to Macronix's statements, ITC case
Spansion responded to an announcement by the International Trade Commission that it would institute an investigation requested by Macronix. Ali Pourkeramati, senior vice president of Flash Memory Business at Spansion, said, "This decision is standard ITC procedure and is not related to the merits of this case. As the ITC stated in its own press release: 'by instituting this investigation (337-TA-909), the USITC has not yet made any decision on the merits of the case.' We believe that Macronix has requested this investigation without regard to its underlying merit as an attempt to counter our earlier case against Macronix at the ITC. The Macronix patents that have been asserted have questionable validity, lack domestic industry and are not infringed by Spansion products." With regard to a recent press release filed by Macronix, Pourkeramati said, "It is regrettable that Macronix has attempted to impugn Spansion's character through the press. Spansion adamantly denies all allegations in Macronix's press release. Our customers are aligned with us, and we are confident that the patent case will be resolved in Spansion's favor."
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April 15, 2014
10:00 EDTCODEOn The Fly: Analyst Initiation Summary
Allscripts (MDRX) reinstated with an Outperform at Raymond James... Amber Road (AMBR) initiated with a Buy at Canaccord... Autonation (AN) coverage assumed with a Market Perform at Wells Fargo... BG Group (BRGYY) initiated with an Outperform at BMO Capital... Borderfree (BRDR) initiated with a Buy at Canaccord... Dean Foods (DF) initiated with a Buy at BB&T... Destination XL (DXLG) initiated with a Buy at Ascendiant... Group 1 Automotive (GPI) coverage assumed with a Market Perform at Wells Fargo... Halozyme (HALO) initiated with a Buy at Citigroup... MakeMyTrip (MMYT) initiated with a Neutral at Goldman... Penske Automotive (PAG) coverage assumed with a Market Perform at Wells Fargo... RPM (RPM) initiated with an Outperform at Wells Fargo... RSP Permian (RSPP) initiated with a Buy at KLR Group... Repligen (RGEN) initiated with a Buy at Jefferies... Spansion (CODE) initiated with a Buy at Sterne Agee... Statoil (STO) initiated with a Market Perform at BMO Capital... TPG Specialty Lending (TSLX) initiated with a Buy at BofA/Merrill... Versartis (VSAR) initiated with a Buy at Citigroup... WWE (WWE) initiated with a Buy at Needham... WebMD (WBMD) reinstated with a Strong Buy at Raymond James.
April 14, 2014
16:34 EDTCODESpansion initiated with a Buy at Sterne Agee
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