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Stock Market & Financial Investment News

News Breaks
July 15, 2013
19:45 EDTHRS, CSC, HPQCSC, Harris challenge HP government contract, Bloomberg says
Computer Sciences (CSC) and Harris (HRS) have filed a protest with the U.S. Government Accountability Office challenging a $3.5B award to Hewlett-Packard (HPQ) for running the U.S. Navy's communications network, reports Bloomberg. The GAO has until October 23 to make a decision on the protests. Reference Link
News For CSC;HRS;HPQ From The Last 14 Days
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December 19, 2014
18:54 EDTHPQHP, Autonomy shareholder settlement rejected by Judge, Bloomberg says
This is the second time the settlement was rejected, Bloomberg added.
09:02 EDTHRSHarris awarded $18M order from Armed Forces of the Philippines
Harris Corporation has been awarded an $18M initial order to provide the Armed Forces of the Philippines with Harris Falcon III tactical vehicular radios and intercom systems. The Philippine Army will acquire the radios for its tactical communications modernization program. The order was received during the first quarter of fiscal 2015.
December 18, 2014
14:33 EDTHRSHarris awarded $50M communication system order from Middle East nation
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December 17, 2014
10:14 EDTHPQHP best way to play coming PC sales outperformance, Citi says
Sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017, Citigroup wrote in a note to investors today. The firm identified HP (HPQ) as the best way to play better than expected PC sales. WHAT'S NEW: Although many believe that PCs will become extinct, there are several reasons why sales of personal computers will begin growing again, Citi analyst Jim Suva contended. Sales of commercial PCs in emerging markets should increase over the long-term, as those PCs are aging, according to Suva. He estimated that commercial PCs in emerging markets account for 27% of the total PC market. Meanwhile, tablets were supposed to replace PCs, but tablet sales growth slowed to just 8% this year, indicating that tablets are becoming less of a threat to PCs, he wrote. Additionally, some believe that PC demand was inflated by a rush to replace computers running Microsoft's (MSFT) Windows XP operating system this year after the company stopped supporting XP, but Suva believe that PC demand growth in 2014 was more driven by a need to buy new computers following a lull in growth in 2012-2013 than by the XP situation. As a result, the analyst estimates that the XP phenomenon will only reduce next year's PC growth by 1%, versus the 3%+ reduction that investors fear. HP is the best way to play the PC rebound, wrote Suva, who raised his price target on the company's shares to $46 from $40 and kept a Buy rating on the stock. WHAT'S NOTABLE: Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. PRICE ACTION: In early trading, Hewlett-Packard gained 2.7% to $38.32, Western Digital rose 1.7% to $106.30, and Seagate climbed 1% to $63.89.
06:20 EDTHPQHP price target raised to $46 from $40 at Citigroup
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December 15, 2014
16:26 EDTHRSHarris receives $38M order from Australian Department of Defence
Harris has received a $38M order to deliver Falcon III tactical radios that will provide Australia’s armed forces with reliable and secure Type-1 tactical voice and data communications. The order was awarded by the Defence Materiel Organisation of the Australian Department of Defence to support project JP2097. This project delivers enhancements to Networked Communications to meet Special Operations Command Land Mobility and Command, Control and Communications requirements. The Australian Department of Defence is acquiring AN/PRC-152A handheld and AN/PRC-117G manpack radios to provide its forces with wideband tactical networking capabilities, as well as line-of-sight, ground-to-air and tactical satellite communications. The wideband network enables operators to send and receive tactical voice, video, and data, resulting in enhanced situational awareness and real-time intelligence. In addition, the AN/PRC-152A and AN/PRC-117G provide users with interoperability through legacy narrowband waveforms.
11:31 EDTHPQHP, NYC Comptroller reach $10.6M settlement to resolve ECTP dispute
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10:05 EDTHPQHP participates in a conference call with Oppenheimer
Oppenheimer hosts Antonio Neri, Senior Vice President & General Manager-Enterprise Group, who discusses HP convergence, servers and networking on a conference call to be held on December 15 at 11 am.
December 12, 2014
07:12 EDTHPQHP reinstated with a Buy at BofA/Merrill
Target $47.
December 10, 2014
09:01 EDTHRSHarris awarded three-year $20M NOAA contract
Harris Corporation has been awarded a three-year, $20M contract by the National Oceanic and Atmospheric Administration, or NOAA, for the Geostationary Weather Satellite Antenna System program. The contract was awarded in the first quarter of Harris fiscal year 2015. Harris will provide its new WxConnect products that receive and process satellite weather observations from the NOAA Geostationary Operational Environmental Satellite R-Series Rebroadcast and Japanese HimawariCast services. These products will be deployed at eight National Weather Service locations to support a broad range of mission critical forecasting operations.
08:25 EDTHPQHP capital return potential makes valuation attractive, says Brean Capital
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December 8, 2014
07:28 EDTHPQFBN Securities to hold a bus tour
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December 7, 2014
15:53 EDTHPQHP shares could gain 15%, Barron's says
HP shares could gain 15% to $45.00 per share as the company splits its enterprise business from PCs and printer business, by next October, Barron's argues in a follow up article. Reference Link

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