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Stock Market & Financial Investment News

News Breaks
June 11, 2014
07:29 EDTTOSBF, HPQ, SNE, SSNLF, LNVGY, DELLNotebook panels sized 15.6-inch to be in short supply, DigiTimes says
Notebook panels that are sized 15.6-inch continue to be in short supply due to panel makers focusing more on small and medium-sized panel production, reports DigiTimes. According to industry sources, notebook vendors face difficulties in gaining access to the panels to limited supply as a result of production shifts. The sources add that the trend is likely to push up 15.6-inch notebook panel pricing in 2H14. Reference Link
News For DELL;SSNLF;HPQ;LNVGY;SNE;TOSBF From The Last 14 Days
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January 15, 2015
06:33 EDTSSNLFSamsung says BlackBerry rumors 'not true,' Yonhap News reports
In response to media reports that Samsung (SSNLF) is in talks to buy BlackBerry (BBRY) for up to $7.5B, a Samsung spokesperson says "It is not true," Yonhap News reports. BlackBerry also denied rumors of a potential deal. Reference Link
06:14 EDTSSNLFSamsung may dump Qualcomm chip in Galaxy S6 for own processor, DigiTimes says
Samsung (SSNLF) may dump Qualcomm's (QCOM) Snapdragon 810 processor for use in its next-generation Galaxy S smartphone in favor of its own Exynos-series chip, reports DigiTimes. According to other industry sources, Samsung's Galaxy S6 may have two versions using either Qualcomm's Snapdragon processors or Samsung's own Exynos chips. Reference Link
06:04 EDTSSNLFBlackBerry turned down multiple takeover offers, Globe and Mail reports
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January 14, 2015
17:50 EDTSSNLFBlackBerry down 15% following denial of discussions with Samsung
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17:36 EDTSSNLFBlackBerry issues response to Samsung takeover bid, denies discussions
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16:33 EDTSSNLFOn The Fly: Closing Wrap
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16:06 EDTSSNLFBlackBerry approached by Samsung about potential takeover, Reuters says
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15:58 EDTSSNLFBlackBerry continues rise, up 28% after report on Samsung approach
Shares of smartphone maker BlackBerry (BBRY) surged in late day trading following a Reuters report that said rival Samsung (SSNLF) had approached the Canadian company to discuss a potential takeover offer. Reuters said that Samsung executives discussed a potential bid in a range of $13.35 to $15.49 per share with BlackBerry. Heading into the close, BlackBerry shares are up 28.5% to $12.48.
15:47 EDTSSNLFBlackBerry jumps 16% following report of Samsung takeover approach
15:46 EDTSSNLFSamsung discussed bid of $13.35-$15.49 per share with BlackBerry, Reuters says
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15:44 EDTSSNLFBlackBerry received takeover offer from Samsung, Reuters reports
07:58 EDTSNE, SSNLFQuantum Dot bumps OLED at cutting edge of TV tech, WSJ says
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06:20 EDTSSNLFSamsung to start selling Z1 Tizen smartphone in India today, WSJ reports
Samsung's Z1 smartphone, which is based on its homegrown Tizen mobile operating system, will go on sale today in India, The Wall Street Journal reports. The company first said it would launch a Tizen smartphone in 2H12. Reference Link
06:14 EDTSSNLF, HPQ, LNVGYMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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January 13, 2015
12:48 EDTHPQOn The Fly: Midday Wrap
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11:57 EDTHPQHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
10:00 EDTHPQOn The Fly: Analyst Downgrade Summary
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07:49 EDTLNVGYLenovo weighs IPO for small device unit, Bloomberg reports
Lenovo, whose new small device unit to be called Shenqi could be worth “a couple of billion dollars” when it begins selling smartphones and smart-home devices under its own brand, is considering taking the new unit public, reported Bloomberg, citing an interview with Lenovo CEO Yang Yuanqing in Beijing. Reference Link
07:10 EDTSNESony considering options for TV, phone operations, Reuters reports
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06:44 EDTHPQHP downgraded to Sector Perform from Outperform at Pacific Crest
Pacific Crest downgraded HP (HPQ) to Sector Perform citing valuation and rising competitive risks from hyperconvergence and new datastores. The firm lists Tableau (DATA), F5 Networks (FFIV), lik Technologies (QLIK) and Nimble Storage (NMBL) as its top names to own in the Cloud, Analytics & Data Infrastructure space. Pacific Crest also downgraded also NetApp (NTAP) to Sector Perform citing the same rationale as HP.
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