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News For DELL;HPQ From The Last 14 Days Check below for free stories on DELL;HPQ the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. << 1 | 2 | 3 | 4 | all recent news | >> May 23, 2013 19:33 EDT DELL Icahn, Southeastern engage banks on financing for Dell deal, Reuters says Subscribe for More Information 16:23 EDT HPQ On The Fly: Closing Wrap Subscribe for More Information 16:00 EDT HPQ Options Update; May 23, 2013 Subscribe for More Information 12:38 EDT HPQ On The Fly: Midday Wrap Subscribe for More Information 10:11 EDT HPQ Hewlett-Packard gaps up and rises sharply after results Subscribe for More Information 10:08 EDT HPQ On The Fly: Analyst Upgrade Summary Subscribe for More Information 09:37 EDT HPQ Active equity option families trading on open Active equity option families trading on open according to Track Data: AAPL NFLX GOOG HPQ 09:21 EDT HPQ HP must diversify product options, Meg Whitman says Subscribe for More Information 09:21 EDT HPQ Hewlett-Packard CEO: Still believe keeping HP together is 'right thing to do' Subscribe for More Information 09:11 EDT HPQ Hewlett-Packard had a solid quarter but remain cautious, says Goldman Subscribe for More Information 09:00 EDT HPQ Hewlett-Packard rises 10.6% Subscribe for More Information 07:54 EDT HPQ Hewlett-Packard strength a selling opportunity, says Topeka Subscribe for More Information 07:17 EDT HPQ Hewlett-Packard guidance looks conservative, says Bernstein After HP reported lower than expected Q2 revenue but higher than expected EPS, Bernstein thinks the company's EPS guidance looks conservative. The firm expects the company to either improve its business or break itself up. It keeps an Outperform rating on the shares. 05:52 EDT HPQ Hewlett-Packard upgraded to Hold from Underperform at Jefferies Subscribe for More Information 05:48 EDT HPQ Proxy advisers see their power diminish, WSJ reports Subscribe for More Information May 22, 2013 18:52 EDT HPQ On The Fly: After Hours Movers UP AFTER EARNINGS: Hewlett-Packard (HPQ), up 13.4% after reporting second quarter earnings that beat expectations and guiding third quarter and full-year earnings above estimates... Pacific Sunwear (PSUN), up 14.3%. ALSO HIGHER: Merck (MRK), up 0.2% after an FDA advisory panel voted 13-3 in support of the safety of initial doses of its insomnia drug suvorexant. DOWN AFTER EARNINGS: DryShips (DRYS), down 4.7%. ALSO LOWER: Apricus Biosciences (APRI), down 11.5% after filing to sell an ungiven amount of stock... NCI Building Systems (NCS) after being replaced by Cynosure (CYNO) in the S&P 600 as of May 31. 17:52 EDT HPQ Hewlett-Packard's Whitman says 'encouraged with where we are' with turnaround Subscribe for More Information 16:12 EDT HPQ Hewlett-Packard reports Q2 cash flow from operations $3.6B Subscribe for More Information 16:09 EDT HPQ Hewlett-Packard reports Q2 personal systems revenue down 20% YoY Subscribe for More Information 16:06 EDT HPQ Hewlett-Packard sees FY13 adjusted EPS $3.50-$3.60, consensus $3.49 Subscribe for More Information 16:05 EDT HPQ Hewlett-Packard sees Q3 adjusted EPS 84c-87c, consensus 84c Subscribe for More Information 16:04 EDT HPQ Hewlett-Packard reports Q2 adjusted EPS 87c, consensus 81c Subscribe for More Information 15:28 EDT HPQ Notable companies reporting after market close Notable companies reporting after the market close, with earnings consensus, include Hewlett-Packard (HPQ), consensus 81c; Limited Brands (LTD), consensus 46c; Workday (WDAY), consensus (18c); PetSmart (PETM), consensus 96c; Synopsys (SNPS), consensus 63c; HEICO (HEI), consensus 40c. 13:37 EDT HPQ Hewlett-Packard May 21 weekly straddle priced for 7.4% move into Q2 Subscribe for More Information 09:39 EDT HPQ Active equity option families trading Subscribe for More Information 07:24 EDT HPQ, DELL NetEvents International to host a summit Subscribe for More Information 06:00 EDT HPQ Hewlett-Packard implied volatility at upper end of index mean range Subscribe for More Information May 21, 2013 14:13 EDT HPQ Earnings Preview: Hewlett-Packard shares up more than 20% since Q1 report Hewlett-Packard (HPQ) is set to report Q2 earnings after the market close on Wednesday, May 22, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is an IT company that provides hardware, software, and business and enterprise solutions. EXPECTATIONS: Analysts are looking for EPS of 81c on revenue of $28.12B, according to First Call. The consensus range for EPS is 77c-83c on revenue of $27.01B-$29B. LAST QUARTER: HP reported Q1 EPS of 82c against estimates for 71c on revenue of $28.4B against estimates for $27.79B. HP said it sees Q2 EPS 80c-82c against then estimates for 77c. HP also reiterated its FY13 EPS view of $3.40-$3.60. In its Q1 earnings release, the company said personal systems revenue fell 8%, while consumer revenue fell 13%. On its Q1 earnings conference call, CEO Meg Whitman said the company's restructuring and turnaround plan was on track, but said the turnaround would not be linear. Whitman also said the company expects its personal systems revenue to decline at a faster rate than it did in Q1. On April 4, the company announced its chairman, Raymond Lane, would be stepping down, while also announcing that its independent director role would be eliminated. On April 10, IDC said worldwide PC shipments totaled 76.3M units in Q1, down 13.9% year-over-year, the largest decline since IDC began tracking global PC sales in 1994. On April 24, in an appearance on CNBC, noted short-seller Jim Chanos said he has been adding to his short position in HP. STREET RESEARCH: Analyst commentary since HP's Q1 report has been mixed, with the stock receiving an upgrade to Neutral from Sell at UBS the day after its Q1 report. On March 18, HP was upgraded to Overweight from Equal Weight at Morgan Stanley with a $27 price target, with the firm saying potential upside to free cash flow guidance could lead to aggressive buybacks and dividends. On April 2, Goldman downgraded the stock to Sell from Neutral with a $16 price target, saying incremental weakness in PC's, enterprise hardware, services, and printing will offset restructuring efforts. Citi also reiterated its Sell rating on HP following IDC's release of Q1 global PC shipments that showed a 13.9% decline. Last week, Cleveland Research said its estimates for HP remain below the Street, with the firm recommending investors remain on the sidelines. PRICE ACTION: Since the first day of trading following its Q1 report, shares of HP have gained more than 23.5%. Following HP's Q1 report, its shares jumped 12.28%, to $19.20, and shares closed as high as $23.84 in late March. In afternoon trading ahead of its Q2 report, shares of HP are unchanged at $21.18. 12:00 EDT HPQ Stocks with call strike movement; HPQ CLF Subscribe for More Information May 20, 2013 16:55 EDT DELL S&P lowers Dell ratings to 'BBB' from 'A-', remains on watch negative Standard & Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on Dell to 'BBB' from 'A-', and its commercial paper rating to 'A-2' from 'A-1'. All ratings remain on CreditWatch, where they were placed with negative implications on Feb. 5. The initial CreditWatch listing reflected S&P's assessment that the $24.4B going private transaction, which includes a substantial portion of debt financing, will materially degrade Dell's financial risk profile, which S&P currently view as modest. Although Carl Icahn submitted a non-binding alternative acquisition proposal, the Michael Dell and Silver Lake Partners LBO proposal remains the only transaction that has been approved by Dell's board of directors. S&P's review of the LBO transaction terms and the company's ownership, business and financial strategy may also result in a downward revision of its assessment of Dell's business risk profile. 11:14 EDT DELL Dell to deliver public cloud through partner ecosystem Subscribe for More Information 07:03 EDT DELL Dell committee says cannot evaluate Icahn proposal without more information Subscribe for More Information May 17, 2013 14:03 EDT DELL Market set to finish week with gains after Cisco results, comments Subscribe for More Information 09:37 EDT HPQ Active equity option families trading on open Subscribe for More Information 08:29 EDT DELL JPMorgan's business and information services analyst holds a conference call Subscribe for More Information 08:02 EDT DELL Dell results could increase votes for Silver Lake offer, says Wells Fargo Subscribe for More Information 07:00 EDT HPQ Hewlett-Packard volatility elevated into Q2 and revenue outlook Subscribe for More Information May 16, 2013 18:01 EDT DELL Dell continues to expect 'relatively weak' demand in end-user PC business Subscribe for More Information 16:05 EDT DELL Dell reports Q1 enterprise solutions, services, software revenue up 12% to $5.5B Subscribe for More Information 16:02 EDT DELL Dell not providing guidance for Q2 Subscribe for More Information 16:01 EDT DELL Dell reports Q1 adjusted EPS 21c, consensus 35c Reports Q1 revenue $14.1B, consensus $13.52B. 15:14 EDT DELL Notable companies reporting after market close Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c. 13:58 EDT DELL Earnings Preview: Dell facing uncertainty about going private ahead of Q1 report Dell (DELL) is set to report Q1 earnings after the market close on Thursday, May 16, with a conference call scheduled for 4:45 pm ET. Dell is a global IT company that operates enterprise, business, and consumer segments. EXPECTATIONS: Analysts are looking for EPS of 35c on revenue of $13.52B, according to First Call. The consensus range for EPS is 28c-42c on revenue of $12.6B-$14.22B. A report by Dow Jones earlier this week said Dell will report non-GAAP EPS of 20c on revenue of about $14B. LAST QUARTER: Dell reported Q4 adjusted EPS of 40c against consensus for 39c on revenue of $14.3B against estimates for $14.12B. On its Q4 earnings conference call, the company said it expects continued margin pressure and market competitiveness in 2013. GO-PRIVATE NEWS: On February 5, Dell officially announced that it had agreed to be taken private for $13.65 per share by a consortium lead by Silver Lake. On March 25, Dell announced it had received two alternative proposals during its go-shop process, which began following its February 5 announcement. These proposals included a $14.25 per share offer from Blackstone (BX), and a $15 per share offer from Carl Icahn and affiliated funds, including Icahn Enterprises (IEP). On April 19, Dell announced that Blackstone decided not to submit a bid for the company. Last Friday, Icahn and Southeastern Asset Management, which collectively hold about a 13% stake in Dell, submitted an alternative proposal to Dell's board. The Icahn and Southeastern proposal would allow Dell shareholders to receive a $12 per share cash distribution or $12 of additional shares valued at $1.65 per share. On Monday, the special committee of Dell's board asked Icahn and Southeastern for more information related to proposal, while Icahn and Southeastern proposed a slate of directors to the company's board that same day. COMPANY NEWS: In addition to news surrounding the company's go-private proposal, data regarding global PC demand has also weighed on Dell. On April 10, data from IDC said worldwide PC shipments totaled 76.3M in Q1, a 13.9% decline from the prior year period, which was worse than the expected decline of 7.7%. IDC also added that this year-over-year decline was the worst since the firm began its quarterly tracking of the PC market in 1994. On March 28, data released by Gartner said worldwide IT spending is projected to increase 4.1% in 2013 to $3.8T. PRICE ACTION: Shares of Dell have slid more than 2.5% since the first day of trading following its Q4 report. Following the March announcement that Dell received alternative proposals from Blackstone and Icahn, shares closed as high as $14.51 per share. Through April, however, shares of Dell slipped, including a sharp decline after disclosing Blackstone withdrew its offer, with shares closing as low as $13.09 per share. In afternoon trading ahead of its Q1 report, shares of Dell are down 0.2%, to about $13.42. 13:57 EDT DELL Dell May 13 straddle priced for 1.7% move into Q1 Subscribe for More Information May 15, 2013 16:48 EDT DELL Icahn gives quarterly update on stakes Subscribe for More Information 09:39 EDT HPQ Hewlett-Packard estimates remain below Street at Cleveland Research Subscribe for More Information 08:08 EDT DELL, HPQ PC sales decline in Western Europe, Economic Times reports Subscribe for More Information May 14, 2013 16:23 EDT DELL On The Fly: Closing Wrap Stocks on Wall Street were higher on a Tuesday again, keeping the strange "Tuesday in 2013" streak alive. Some positive domestic economic data and bullish commentary from Appaloosa Management's David Tepper set the tone early and the averages traded with an upward bias for almost the entire trading day. Today's advance means that every Tuesday this year has seen the market log gains, and investors will have to wait another week to see if the pattern continues. ECONOMIC EVENTS: The NFIB small business optimism index for April rose to 92.1, versus expectations for it to climb to 90.3 from its prior 89.5 reading. Import prices were reported to have declined 0.5% in April, which was in-line with expectations. Export prices declined 0.7%, versus a forecast for a 0.1% drop in the month. COMPANY NEWS: Dell (DELL) shares lost 6c, or 0.44%, to $13.46 after Dow Jones said the company will report first quarter non-GAAP earnings of 20c per share, 15c below current consensus estimates. That followed an earlier report from CNBC's David Faber, who also said the company will report earnings that miss expectations and accurately called that Dell has moved its report to Thursday, which is earlier than had been expected... Sony (SNE) shares added $1.87, or 9.9%, but closed off their best levels at $20.76 after the New York Times reported that Dan Loeb of Third Point has built a 6.5% stake and proposes that the company take its entertainment unit public. MAJOR MOVERS: Among notable gainers was InterOil (IOC), up $7.46, or 9.57%, to $85.39 after reporting its earnings and saying its talks with "major oil companies and a national oil company" about a potential LNG partnership are in the final stages. Also higher was SodaStream (SODA), up $6.79, or 11.85%, to $64.08 after at least two analyst firms raised their price target on shares following yesterday's analyst day presentations. Among noteworthy losers was Solar City (SCTY), down $4.44, or 12.37%, to $31.44 after the company's first quarter earnings missed expectations and the stock was downgraded by at least two firms. Also lower was Velti (VELT), down 29c, or 14.5%, to $1.71 after its revenue outlook fell below estimates. INDICES: The Dow was up 123.57, or 0.82%, to 15,215.25; the Nasdaq was up 23.82, or 0.69%, to 3,462.61; and the S&P 500 was up 16.57, or 1.01%, to 1,650.34. 13:18 EDT DELL Dell to report Q1 non-GAAP EPS 20c, Dow Jones says Subscribe for More Information 12:35 EDT DELL Dell holder Pzena prefers Icahn, Southeastern proposal, CNBC reports Cites statement from Rich Pzena, who called the Icahn and Southeastern proposal "superior" to the "go-private" deal supported by founder Michael Dell. 11:18 EDT DELL Dell earnings to miss consensus expectations, CNBC reports Subscribe for More Information 11:17 EDT DELL Dell May volatility increases into Q1 and revenue outlook Dell May call option implied volatility is at 33, June and July is at 14; compared to its 14-week average of 16 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 16. 11:13 EDT DELL Dell moving up earnings announcement to Thursday, CNBC reports Subscribe for More Information 11:12 EDT DELL Dell earnings expected to be below consensus, CNBC reports 10:49 EDT DELL Dell accuses optical disk drive makers of price-fixing, Bloomberg says Subscribe for More Information 08:19 EDT DELL David Tepper says Dell in tough business, no position in company 05:44 EDT DELL Banks work deals from both sides of the field, WSJ reports Subscribe for More Information May 13, 2013 16:49 EDT DELL Icahn, Southeastern to nominate several parties to Dell board Subscribe for More Information 16:27 EDT HPQ Hewlett-Packard hasn't tried to sell Autonomy to SAP, AllThingsD reports Subscribe for More Information 16:25 EDT DELL On The Fly: Closing Wrap Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77. 15:45 EDT HPQ Options Update; May 13, 2013 Subscribe for More Information 12:20 EDT DELL On The Fly: Midday Wrap Subscribe for More Information 10:41 EDT HPQ SAP says HP offered to sell Autonomy, London Times reports Subscribe for More Information 07:22 EDT DELL Dell special committee asks for more info from Icahn, Southeastern Asset Subscribe for More Information 07:17 EDT DELL Dell special committee asks for more info from Icahn, Southeastern Asset May 12, 2013 18:35 EDT DELL Carl Icahn's newest offer could be better deal for Dell holders, Barron's says Subscribe for More Information May 10, 2013 16:29 EDT DELL On The Fly: Closing Wrap Subscribe for More Information 14:52 EDT HPQ Market poised to end week higher as tech helps lead advance Subscribe for More Information 13:07 EDT DELL Dell committee says 'carefully reviewing' Icahn, Southeastern proposal Dell's Special Committee issued a statement regarding a proposal it has received from Carl Icahn and Southeastern Asset Management. The statement read: "Mr. Icahn and Southeastern have outlined a potential leveraged recapitalization transaction that they want the Dell Board either to recommend at this time or to consider if the existing going-private transaction is rejected by Dell shareholders. They have also proposed replacing the Board with a slate of new directors who they say would approve such a transaction. Consistent with the Special Committee’s goal of achieving the best possible outcome for all shareholders, we and our advisors are carefully reviewing the potential transaction to assess the potential risks and rewards to the public shareholders." 13:05 EDT DELL Dell committee says 'carefully reviewing' Icahn transaction Subscribe for More Information 12:51 EDT DELL Carl Icahn: 'I've made fortunes going against Jim Chanos' Subscribe for More Information 12:47 EDT DELL Icahn says if board is elected, Michael Dell won't run Dell Subscribe for More Information 12:46 EDT DELL Icahn says would personally put up over $2B for Dell bridge loan if needed Carl Icahn is speaking on CNBC. 12:42 EDT DELL Icahn says 'not looking to make a dollar' on Dell shares Carl Icahn is speaking on CNBC. 12:39 EDT DELL Icahn says proposing full slate of 12 Dell board members on Monday Carl Icahn is speaking on CNBC. 12:37 EDT DELL Icahn says Dell needs change in culture Carl Icahn is speaking on CNBC. 12:31 EDT DELL On The Fly: Midday Wrap Subscribe for More Information 06:15 EDT DELL Icahn reports 4.52% stake in Dell, sends buyout proposal to board Carl Icahn disclosed a 4.52% stake in Dell as well a letter sent to the company's board offering an alternative buyout proposal. The letter stated in part, "We are a group of Dell Inc. shareholders that own in the aggregate approximately 13% of the outstanding shares of Dell Inc. From the announcement of the Agreement and Plan of Merger, dated as of February 5, 2013 we have stated repeatedly that we believe that the Going Private Transaction is not in the best interests of Dell shareholders and substantially undervalues the company. As a result, we will vote against the Going Private Transaction." The group's proposal gives shareholders the right to continue as owners and keep their existing equity position in Dell. The shareholders would also be given the opportunity to elect to receive a distribution of $12 per share in cash or $12 in additional shares valued at $1.65 per share. Icahn and Southeastern said they would both elect to receive additional shares rather than cash. Both investors said financing for their proposal would be obtained from Dell's existing cash and $5.2B in new debt. Icahn and Southeastern believe their proposal is superior to Dell's going private transaction. 06:08 EDT DELL Carl Icahn discloses 4.52% stake in Dell, proposal letter to board Subscribe for More Information 06:03 EDT DELL Icahn, Southeastern propose alternative buyout for Dell, WSJ reports Subscribe for More Information << 1 | 2 | 3 | 4 | all recent news | >> Sign up for a free trial to see the rest of the stories you've been missing.