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July 15, 2014
06:06 EDTEBAY, EA, MSFTElectronic Arts names Ken Moss as Chief Technology Officer
Electronic Arts (EA) announced on its website that it has named Ken Moss as its Chief Technology Officer. As CTO, Ken will lead the organization, strategy and vision for EA’s Digital Platform and Information Technology divisions. Moss comes to EA most recently from eBay (EBAY), where he led the Marketplace Technology, Science and Data global organization. He is a 20-year veteran of Microsoft (MSFT), where he founded and led the engineering and product teams on Search -- which later became Bing -- and played an important role in Microsoft’s transition to large-scale services. Reference Link
News For EA;EBAY;MSFT From The Last 14 Days
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November 19, 2015
08:18 EDTMSFTMicrosoft participates in a panel discussion
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November 18, 2015
16:01 EDTMSFTOptions Update; November 18, 2015
iPath S&P 500 VIX Short-Term Futures down 1.39 to 19.44. Option volume leaders: AAPL NBG TGT NFLX F FB QCOM SUNE GPRO MSFT
14:49 EDTMSFTEarnings Watch: Salesforce shares up 14% since last earnings report
Salesforce (CRM) is scheduled to report third quarter results after the market close on Wednesday, November 18, with a conference call scheduled for 5:00 pm ET. Salesforce is a provider of enterprise cloud computing solutions that include apps and platform services. EXPECTATIONS: Analysts are looking for earnings per share of 19c on revenue of $1.7B, according to First Call. The consensus range for EPS is 17c-20c on revenue of $1.68B-$1.72B. On its last earnings conference call, Salesforce gave Q3 EPS guidance of 18c-19c and revenue guidance of $1.69B-$1.7B. It also gave FY16 EPS guidance of 70c-72c and FY16 revenue of $6.6B-$6.63B. The company expects FY16 operating cash flow growth of approximately 34%-35%. Salesforce said it is now on pace to reach $7B run rate later this year. LAST QUARTER: On August 20, Salesforce reported second quarter EPS of 19c, beating the consensus analyst forecast of 18c. The company's revenue came in at $1.63B, topping the consensus estimate of $1.60B. It reported deferred revenue on balance of $3.03B as of July 31 and Q2 subscription and support revenue of $1.52B. Salesforce added that Q2 was the "best quarter ever" for the company due to momentum in Europe and growth in the adoption of its core platform. NEWS: Salesforce and Western Union (WU) announced an agreement for Western Union to use Sales Cloud, Community Cloud, Analytics Cloud and App Cloud to automate previously paper-based processes. Salesforce also announced plans to extend its strategic partnership with Microsoft (MSFT). The company said it would double its workforce in the Seattle area. STREET RESEARCH: Brean Capital said Salesforce should be a core holding due its new cloud targets, operating margin expansion and revenue growth in the 20%-30% range year over year. Jeffries said it was impressed with the company's DreamForce conference, but kept an Underperform rating on the stock because the net present value of new business may be negative for Salesforce at this time. In late September, Oppenheimer said that the company's checks were positive. It added that Salesforce's share of the market could be increasing and adds that Salesforce's platform strategy is becoming more popular with customers. PRICE ACTION: Salesforce shares are up over 14% since the company's Q2 report. In afternoon trading ahead of Thursday's report, Salesforce shares are up fractionally.
November 17, 2015
18:58 EDTMSFTMicrosoft CEO says building new cyber defense center, NBC reports
Speaking at the Microsoft Government Cloud Forum on Tuesday, CEO Satya Nadella revealed plans to open a Cyber Defense Operations Center, gathering security experts from across the company's suite of products in order to respond to security threats in real-time, reports NBC. Reference Link
09:02 EDTMSFTAnalyst pans competing products, says buy Fitbit
Shares of previous high-flier Fitbit (FIT) have dropped about 30% in the last two weeks following the company's third quarter earnings report, but an analyst at Bank of America upgraded his view of the fitness tracker maker this morning, saying that now is the time to buy ahead of fourth quarter results that may be boosted by the "underwhelming" new products being launched by its competitors. UNDERWHELMING COMPETITION: Fitbit's sales guidance for this holiday quarter looks conservative, contends Bank of America analyst Nat Schindler, who notes that the company only had the launch of one new product last December but will have the Charge, Charge HR and Surge to drive sales this season. Schindler also notes that the company's international advertising has expanded into more countries ahead of the holidays this year. Key, however, may be the "underwhelming" lineup of new or updated fitness trackers launched by competitors, such as the Microsoft's (MSFT) Band 2, Jawbone's UP4 and Sony's (SNE) Smartband 2, many of which have only minor improvements and no "must have" features to pull consumers away from Fitbit, Schindler told investors in his research note. PLATFORM PICKING UP STEAM: The analyst also pointed out that Fitbit now has more than 20 companies signed onto its health and wellness platform, including big names like Target (TGT) and Barclays (BCS), which he believes should help drive revenue beats in the upcoming fiscal year due to increased device sales. Also, the additional dashboard data should help Fitbit maintain long-term user engagement, said Schindler. APPLE WATCH: Apple's (AAPL) Apple Watch is largely viewed as the biggest potential competitive threat to Fitbit's offerings, but on the fitness tracker maker's last earnings call CEO James Park said Fitbit's products differ from those of its competitors in several key aspects, including pricing, cross-platform compatibility, brand awareness and product line breadth. Other wearables makers include Garmin (GRMN) and Samsung. PRICE ACTION: Since the day after Fitbit's last earnings report after the market close on November 2, its shares have fallen about 29.5% to close yesterday at $28.80. In pre-market trading this morning, Fitbit shares rose 2% to $29.40.
07:56 EDTMSFTUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link
07:16 EDTEAEarly Star Wars Battlefront reviews are mixed, says Piper Jaffray
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06:16 EDTMSFTMicrosoft turns around flawed security technology, NY Times says
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November 16, 2015
17:16 EDTEBAYIcahn liquidated eBay stake, took Paypal stake
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17:02 EDTEBAY, MSFTPoint72 added to lululemon position, subtracted from Netflix position
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16:00 EDTMSFTOptions Update; November 16, 2015
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09:59 EDTEBAYOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).
09:33 EDTEBAYeBay second week of November SSS up 0.4%, ChannelAdvisor says
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November 15, 2015
19:29 EDTMSFTMicrosoft delays, possibly kills tool to translate Android apps, Re/code says
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November 13, 2015
17:04 EDTEBAYThird Point gives quarterly update on stakes
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16:00 EDTMSFTOptions Update; November 13, 2015
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10:48 EDTEAGameStop retreats after downgrade, NPD sales data
Video game retailer GameStop (GME) is falling after its stock was downgraded by Pacifc Crest and a research firm estimated that video game software sale declined 3% last month compared to the same month of last year. Notably, the news comes after video game makers Activision Blizzard (ATVI) and Electronic Arts (EA) have recently announced some upbeat news. WHAT'S NEW: Pacific Crest analyst Evan Wilson cut his rating on GameStrop to Sector Weight from Overweight, citing weaker than expected physical game sales, the growth of digital games, and the stock's gains. Noting that research firm NPD reported that sales of new physical software video games had dropped 3% year-over-year last month, Wilson says he is not as optimistic as he had been that the category will grow going forward. Additionally, the popularity of digital games, where GameStop's market share and profitability are much lower than in physical software, is hurting the retailer, the analyst stated. The new video games due out in 2016 don't look especially impressive, and before today's trading, GameStop's stock was approaching Wilson's previous price target, the analyst wrote. WHAT'S NOTABLE: Activision Blizzard's stock climbed November 11 and November 12 after the company announced that its new Call of Duty video game had generated more than $550M of sales in the first weekend it was available. In a note to investors on November 11, Piper Jaffray analyst Michael Olson said he still anticipates that Activision will sell 20.5M units of Call of Duty this year. However, he added that the estimate could prove conservative, given solid reviews of the game and a bigger next-gen console installed base. He kept an Overweight rating on the shares. On October 29, Electronic Arts reported stronger than expected second quarter results and provided stronger than expected Q3 guidance. The company's "Star Wars: Battlefront" game, due out November 17, has generally gotten good reviews from analysts. The video game should be "one of the strongest titles" this quarter, and should kick off an important franchise for the company, predicted Piper's Olson, who expects the company to sell 13.5M units of the game. He kept an $87 price target and Overweight rating on EA shares. PRICE ACTION: In morning trading, GameStop dropped 12% to $39.20, Electronic Arts slid 1% to $70.93 and Activision fell 1.8% to $34.39.
09:35 EDTMSFTActive equity options trading on open
Active equity options trading on open: AAPL CSCO FB BAC BABA MSFT NFLX INTC JCP AMZN C
06:27 EDTMSFTMicrosoft brings major updates to Xbox One, WSJ reports
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05:40 EDTEAOctober NPD video game software declined 3%, says Piper Jaffray
Piper Jaffray analyst Michael Olson says October NPD video game software declined 3% year-over-year, with Microsoft's (MSFT) Halo 5 being the top title by a "wide margin." Enough next generation hardware has now been sold to drive sustainable software growth on a quarterly basis, Olson tells investors in a research note. He maintains Overweight ratings on Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO).
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