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Stock Market & Financial Investment News

News Breaks
September 21, 2012
08:57 EDTDTV, VIVHYDirecTV CEO says "disciplined" on acquisitions, calls GVT "interesting asset"
DirecTV (DTV) CEO Michael White says company "looks at everything" and called Vivendi's (VIVHY) GVT Brazil business an "interesting asset" in response to questions about DTV's rumored interested in acquiring GVT. White said DTV's evaluation process on acquisitions is "very disciplined" and takes time. Comments made at Goldman Sachs Communacopia Conference.
News For DTV;VIVHY From The Last 14 Days
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August 19, 2014
06:26 EDTVIVHYTelecom Italia board plans meeting to discuss GVT bid, Reuters says
Telecom Italia (TI) is poised to have a board meeting sometime next week to talk about making a takeover bid for Vivendi's (VIVHY) GVT division, according to Reuters, citing a source close to the matter. The source said, "Certainly nothing will happen this week," but explained that the meeting was likely to occur on August 27. Reference Link
August 18, 2014
13:32 EDTVIVHYTelefonica adds content deal in bid for Vivendi GVT unit, Reuters says
Telefonica (TEF) has added to its bid for Vivendi's (VIVHY) Brazilian broadband telecoms business, GVT, by offering Vivendi a television content-sharing deal, says Reuters. The content-sharing deal offered by Telefonica brings its total offer to approximately $9.4B which is in-line with what Telecom Italia (TI) may counter bid for GVT, added Reuters. Reference Link
09:16 EDTDTVDreamWorks Animation appoints Fazal Merchant as CFO effective September 15
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August 17, 2014
13:51 EDTVIVHYTelecom Italia looks to outbid rival for Vivendi's GVT unit, Bloomberg says
Telecom Italia (TI) is preparing to outbid Telefonica (TEF) and offer as much as $9.4B for Vivendiís (VIVHY) Brazilian broadband unit GVT, says Bloomberg. Reference Link
August 14, 2014
17:16 EDTDTVPaulson & Co gives quarterly update on stakes
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16:54 EDTDTVBerkshire Hathaway gives quarterly update on stakes
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13:27 EDTVIVHYTelecom Italia confirms talks with Vivendi for potential Brazilian combination
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13:16 EDTVIVHYTelecom Italia confirms in talks with Vivendi for alliance
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August 13, 2014
11:27 EDTDTVJDSU falls after outlook disappoints, analyst downgrades
Shares of JDSU (JDSU), a provider of equipment to telecommunications service providers, are sharply lower after the company's fourth quarter results and first quarter guidance were reported last night. Following the report, the stock was downgraded this morning at two Street research firms. WHAT'S NEW: Last night, JDSU reported fourth quarter adjusted earnings of 14c per share, beating the consensus forecast by 1c, on revenue of $448.6M, which topped the consensus $436.8M view. However, JDSU expects revenue to be $405M-$425M in its first quarter and sees Q1 EPS of 8c-12c, which fell short of consensus of about $441M and 14c, respectively. JDSU's President and CEO Tom Waechter said, "Looking ahead to fiscal 2015, we believe there are strong market drivers across our three business segments, and that we are well positioned with differentiated products and solutions to support our customers as they transition to Software Defined Networks, Network Function Virtualization and more dependency on cloud infrastructure. We continue to lead in our core network and anti-counterfeiting markets and I am pleased with the momentum we are building in our commercial lasers business on the strength of our highly differentiated fiber laser product line." ANALYST OPINION: Following the company's report, B. Riley analyst Dave Kang cut his rating on JDSU shares to Neutral from a Buy rating, citing near-term uncertainties in the North American telecom market. Kang pointed to two events contributing to that uncertainty, namely an architectural shift to SDN, or Software Defined Networking, and AT&T's (T) planned merger with DirecTV (DTV). The analyst acknowledged previously underestimating the potential impact of the SDN shift on the telecom equipment industry and noted that appears to be impacting JDSU's NSE business more than its optical component unit. Kang prefers Finisar (FNSR) over JDSU given the current environment, noting that about 70% of Finisar's sales come from the datacom sector. Kang lowered his price target on JDS Uniphase shares to $11.75 from $15.50. Piper Jaffray analyst Troy Jensen also downgraded JDSU following its report, lowering his rating on the stock to Neutral from Overweight. Jensen also said the company's worse than expected guidance indicates softer Telco spending and he believes JDSU will have trouble showing significant revenue acceleration even if the optical upgrade cycle starts to ramp up. Piper lowered its price target on the stock to $12 from $14. OTHERS TO WATCH: Other providers of telecom equipment include Ciena (CIEN) and Infinera (INFN). PRICE ACTION: In morning trading, shares of JDSU fell $1.12, or 9.4%, to $10.78. Meanwhile, shares of Finisar were down nearly 2% to $19.58, Ciena slipped 1.5% to $18.92 and Infinera was fractionally higher at $9.09.
07:25 EDTVIVHYTelecom Italia head, Vivendi chairman to discuss GVT offer, Reuters says
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August 8, 2014
10:36 EDTDTVOptions with increasing implied volatility
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07:12 EDTVIVHYVivendi arm in discussions for majority share in Mediaset unit, Reuters says
Canal Plus, Vivendi's (VIVHY) pay-TV division is in discussions to buy a majority stake in a subsidiary of Mediaset (MDIUY), Mediaset Premium, according to Reuters, citing sources. Reference Link
August 7, 2014
10:51 EDTVIVHYVivendi in talks to take significant stake in Telecom Italia, Bloomberg says
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10:32 EDTVIVHYTelecom Italia approached Vivendi over tie-up, Bloomberg says
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