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Stock Market & Financial Investment News

News Breaks
July 1, 2014
12:22 EDTCODEMacronix files additional patent infringement complaints against Spansion
Macronix International and Macronix America announced that they have filed a new patent infringement complaint against Spansion (CODE), Spansion LLC, Spansion Thailand and certain of their customers with the U.S. International Trade Commission, ITC, for infringement of four Macronix patents covering separate aspects of non-volatile memory devices, including flash memory. The named respondents include Aerohive Networks,, Allied Telesis , Ciena Corporation, Delphi Automotive and Delphi Automotive Systems, Polycom , Ruckus Wireless, ShoreTel, Tellabs and/or Tellabs North America, and TiVo Inc. The company added, "Macronix has taken this step to address Spansion's rampant infringement of Macronix's patent rights as well as the infringement that arises when Spansion's customers import products containing infringing Spansion's devices, including Spansion flash memory devices, into the United States." This additional complaint follows a first ITC complaint, that was filed in December 2013 and that will be determined in January, 2015, in which Macronix asserted three patents against Spansion. In addition, Macronix has a seven-patent infringement litigation pending against Spansion in the United States District Court. Macronix also has pending actions at the U.S. Patent Office to invalidate Spansion's patents asserted in an earlier-filed ITC case. The investigations of the above have been initiated respectively by the courts and/or authorities and the decisions will be available in the early part of 2015. Macronix is confident in those actions and will continue to vigorously defend its valuable intellectual property rights.
News For CODE From The Last 14 Days
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October 20, 2014
14:29 EDTCODEEarnings Preview: Texas Instruments down 9% over last three months
Semiconductor maker Texas Instruments (TXN) is expected to report third quarter earnings after the close on Monday, October 20, with a conference call scheduled for 5:30 pm ET. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $3.46B. The consensus range is 66c-74c for EPS on revenue of $3.44B-$3.5B, according to First Call. Along with its last earnings report, Texas Instruments guided to Q3 EPS of 66c-76c on revenue of $3.31B-$3.59B. LAST QUARTER: On July 21, Texas Instruments reported second quarter EPS of 62c, which was higher than analysts' consensus of 59c. The company's revenue of $3.29B exceeded analysts' expectation of $3.27B. Texas Instruments noted that the restructuring changes which occurred in Q2 are positioned to be nil in Q3 and noted that it anticipated utilization in Q3 to remain consistent with Q2 levels. NEWS: On September 18, Texas Instruments increased its quarterly dividend by 13% to 34c. WHAT'S NOTABLE: After the close on October 9, Microchip (MCHP), which develops microcontroller and analog semiconductors, said that it had experienced a number of negative trends during the quarter, including a weaker than usual September, weakness in China, and significant inventory builds at its distributor customers. Microchip President and CEO Steve Sanghi claimed his company often sees the turn of the semiconductor industry ahead of others, noting that it reports sales from distribution on a sell-through basis and that it does business with over 80,000 customers. Sanghi stated, "We believe that another industry correction has begun and that this correction will be seen more broadly across the industry in the near future." STREET RESEARCH: Analysts were fairly quiet on Texas Instruments during the quarter. The day after the company issued its Q2 earnings report, Sterne Agee believed that Texas Instruments' commentary on 4G telecom, auto and industrial strength should be positive for Spansion (CODE). RBC Capital noted on the same day that Texas Instruments had "strong" Q2 results, particularly in its execution, while its operating margin leverage was "impressive. The firm maintained a $57 price target and Outperform rating on the stock. On July 24, Tigress Financial upgraded Texas Instruments to Neutral from Underperform. PRICE ACTION: Over the last three months, Texas Instruments' shares are down about 9%. Since October 10, the day after Microchip's warning on the industry correction it believes has begun, Texas Instruments shares are down over 3%. In afternoon trading before tonight's report, Texas Instruments was up 1.7% to $44.41.
October 16, 2014
11:36 EDTCODEOptions with increasing implied volatility
Options with increasing implied volatility: UVXY NQ PVA SVXY VXX SUNE CIE COV ZU CODE
October 14, 2014
08:55 EDTCODEBarclays top ideas in U.S. Semiconductors on the pullback
Barclays' top U.S. Semiconductor ideas to buy on the pullback are Avago (AVGO), Cavium (CAVM), Spansion (CODE), NXP Semiconductors (NXPI) and Xilinx (XLNX).
October 9, 2014
07:08 EDTCODESpansion, Integrated Silicon announce plans to develop HyperRAM products
Spansion (CODE) and Integrated Silicon (ISSI) announced plans to develop HyperRAM products based on the Spansion HyperBus interface, which improves performance while reducing the number of pins. Both companies will have rights to sell HyperRAM products under a long-term supply agreement fulfilled by ISSI.

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