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Stock Market & Financial Investment News

News Breaks
June 24, 2014
08:31 EDTEBAY, IBMeBay names Craig Hayman as head of eBay Enterprise
eBay (EBAY) announced the appointment of Craig Hayman as president of its eBay Enterprise business. Hayman brings more than 30 years of enterprise technology leadership including executive positions at IBMís (IBM) Industry Cloud Solutions and WebSphere businesses. Hayman will report to eBay Inc. President and CEO John Donahoe.
News For EBAY;IBM From The Last 14 Days
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September 30, 2014
07:01 EDTEBAYeBay to separate eBay, PayPal into independent publicly traded companies in 2015
eBay Inc. said its Board of Directors, following a strategic review of the companyís growth strategies and structure, has approved a plan to separate the companyís eBay and PayPal businesses into independent publicly traded companies in 2015, subject to customary conditions. Creating two standalone businesses best positions eBay and PayPal to capitalize on their respective growth opportunities in the rapidly changing global commerce and payments landscape, and is the best path for creating sustainable shareholder value, the company said. ďeBay and PayPal are two great businesses with leading global positions in commerce and payments,Ē said eBay Inc. President and CEO John Donahoe. ďFor more than a decade eBay and PayPal have mutually benefited from being part of one company, creating substantial shareholder value. However, a thorough strategic review with our board shows that keeping eBay and PayPal together beyond 2015 clearly becomes less advantageous to each business strategically and competitively. The industry landscape is changing, and each business faces different competitive opportunities and challenges. In its recently completed review, the board concluded: A changing competitive landscape creates enormous opportunities for eBay and PayPal; separation will create sharper strategic focus and better position each business to capitalize on those growth opportunities as independent companies. The benefits of the existing relationships between eBay and PayPal will naturally decline over time and can be optimized in armís length operating agreements between the two entities. This is the best path for delivering sustainable shareholder value. The company expects to complete the transaction as a tax-free spin-off in the second half of 2015, subject to market, regulatory and certain other conditions. eBay Inc. President and CEO John Donahoe and company CFO Bob Swan will be responsible for leading the separation of each business, with board oversight. This includes determining appropriate management and capital structures for eBay and PayPal, and putting in place appropriate operating agreements. Neither Donahoe nor Swan will have an executive management role in the new eBay and PayPal companies. But to provide continuity, they each expect to serve on one or both of the boards of the two companies.
07:00 EDTEBAYeBay to separate eBay, PayPal into independent publicly traded companies in 2015
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06:58 EDTEBAYeBay trading halted, pending news
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06:29 EDTIBMLenovo needs 6 months for internal reorganizaion after merger, DigiTimes says
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September 29, 2014
07:25 EDTIBMOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
07:15 EDTIBMNational Association of Business Economics to hold annual meeting
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06:06 EDTIBMLenovo to close acquisition of IBM's x86 server business on October 1
Lenovo (LNVGY) and IBM ((IBM) announced that conditions for Lenovoís acquisition of IBMís x86 server business have been satisfied and the parties anticipate they will begin closing the transaction effective on October 1. Lenovo is acquiring System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations. IBM will retain its System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, PureApplication and PureData appliances. As described in the January announcement of Lenovoís acquisition of IBMís x86 server business, Lenovo and IBM have also established a strategic alliance where Lenovo will serve as an Original Equipment Manufacturer to IBM and resell selected products from IBMís storage and software portfolio, including IBMís entry and midrange Storwize storage product family, Linear Tape Open products, IBM Flash storage arrays and elements of IBMís system software portfolio, including Smart Cloud, General Parallel File System and Platform Computing solutions. The purchase price is approximately $2.1B. Approximately $1.8B will be paid in cash at closing after estimated adjustments and approximately $280M will be paid in Lenovo stock, based on the closing price of Lenovoís stock on September 26. The transition will begin Wednesday in countries that are part of the initial closing, which includes most major markets. The transaction is expected to close in most other countries later this year, with the few remaining countries following in early 2015.
September 25, 2014
14:29 EDTIBMEarnings Preview: BlackBerry downgraded at BGC ahead of tomorrow's report
BlackBerry (BBRY) is expected to report second quarter earnings before the open on Friday, September 26, with a conference call scheduled for 8:00 am ET. BlackBerry manufactures and markets mobile devices, such as smartphones, and creates software and services for those devices. EXPECTATIONS: Analysts are expecting losses per share of (16c) on revenue of $949.64M. The consensus range is (36c)-(4c) for EPS on revenue of $855.9M-$1.16B, according to First Call. LAST QUARTER: On June 19, BlackBerry reported a loss per share, excluding certain items, of (11c), versus analysts' consensus estimate of a (26c) per share loss. The company's revenue of $966M was a bit higher than the consensus expectation near $963M. The smartphone maker said that it had recognized revenue on about 1.6M of its smartphones, up from about 1.3M during the previous quarter. Moreover, it said that it was close to reaching the breakeven point on hardware sales and added that it expects its subscriber numbers to be steady going forward. BlackBerry should be profitable sometime in fiscal 2016, company CEO John Chen stated. NEWS: On July 21, BlackBerry announced that it has named Marty Beard as its Chief Operating Officer. Prior to the appointment, Beard had been chairman and CEO of LiveOps. After Apple (AAPL) and IBM (IBM) announced an enterprise partnership, BlackBerry CEO John Chen told Financial Times on July 24 that his company was in early talks with companies about working together in parts of the enterprise market, though he declined to comment on who the discussions have been with. Last month, BlackBerry announced that it has named Sandeep Chennakeshu to lead a new business unit to be called BlackBerry Technology Solutions, or BTS. The BTS business unit comprises BlackBerry's technology assets, including QNX, Project Ion, Certicom and Paratek as well as BlackBerry's patent portfolio. Two weeks ago, BlackBerry announced that it has acquired Movirtu, a provider of virtual identity solutions for mobile operators that allows multiple numbers to be active on a single device. Terms of the transaction were not disclosed, though the next day Wells Fargo wrote that it thinks the deal brings a degree of differentiation to BlackBerry's mobile device management solutions and will make BYOD better for both companies and employees. Yesterday, BlackBerry launched the Passport, a high-end smartphone featuring a large square touch screen and new QWERTY touch-enabled keyboard. Inspired by actual passports, the device was "purpose-built for productivity-driven business professionals," the company stated. STREET RESEARCH: On the day of BlackBerry's last quarterly report, BGC Financial said that it thought that the negative thesis on BlackBerry was falling apart, at least in the short-term. However, this afternoon BGC Financial analyst Colin Gillis downgraded shares of BlackBerry to Hold from Buy, saying the company's quarterly results tomorrow "may prove underwhelming." Gillis expects BlackBerry's revenue declines to continue in the current quarter and noted that his estimate is below consensus. He has an $11 price target for the shares. Also today, MKM Partners stated in a note to investors that it believes BlackBerry's new Passport phone is for "hardcore entrenched BB users" and unlikely to make much of a difference. The firm kept a Neutral rating on the stock with a $10 price target. PRICE ACTION: On the day of its last report, shares of BlackBerry climbed 9.65% to close at $9.09. Since the day after that initial pop, the stock has gained about another 10%. In afternoon trading, BlackBerry was down 51c, or almost 5%, to $10.00.
06:08 EDTIBMStocks with implied volatility above IV index mean; IBM BBRY
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September 23, 2014
13:37 EDTIBM21Vianet, IBM launch enterprise Cloud Managed Services in China
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13:22 EDTEBAYBitPay, PayPal announce bitcoin integration
BitPay announced a relationship with PayPal to further expand the adoption of bitcoin. The first joint project is an integration with PayPalís Payments Hub, which is PayPalís alternative payment platform for digital goods. The integration with PayPalís Payments Hub is now completed and ready for merchants in North America to enable. Merchants using Payments Hub can create a BitPay merchant account and provide the API credentials into the Payments Hub admin. Customers with a bitcoin wallet will then be able to pay with bitcoin for games, music, videos, news, ebooks, and other digital content.
08:11 EDTIBMTech Data expands relationship with IBM
Tech Data (TECD) announced an expanded distribution agreement with IBM (IBM) to offer SoftLayer technologies to its channel of solution providers throughout the U.S. and Europe. The announcement was made in conjunction with Tech Data's Channel Link event.
September 22, 2014
08:05 EDTIBMIngram Micro signs U.S. agreement with IBM's SoftLayer
Ingram Micro Cloud, a global division of Ingram Micro (IM), announced a new relationship with SoftLayer, an IBM company (IBM). Under the U.S. agreement, Ingram Micro is expanding its relationship with IBM and now offers SoftLayer cloud services to its mutual channel partners within the U.S. As part of the new relationship, Ingram Micro will be able to market, sell and support SoftLayer cloud services and drive solutions and cross-selling opportunities within its partner community and the Ingram Micro Cloud Marketplace. As a master Cloud Services Provider, Ingram Micro will also offer its cloud onboarding capabilities, marketing support, as well as end-to-end technical and operational support to its channel partners focused on building cloud solutions.
September 19, 2014
16:24 EDTIBMStocks rise after Fed keeps pledge for 'considerable time' before rate hike
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16:17 EDTIBMOn The Fly: Closing Wrap
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10:59 EDTEBAYSamsung working with PayPal for mobile payments on smartwatch, Gigaom says
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06:00 EDTIBMStocks with implied volatility top IV index mean; AMD IBM
Stocks with implied volatility top IV index mean; AMD (AMD) 55, IBM (IBM) 61 according to iVolatility.
September 18, 2014
09:34 EDTIBMAT&T extends NetBond security services to IBM SoftLayer platform
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08:47 EDTEBAYeBay October volatility elevated into Alibaba IPO
eBay September call option implied volatility is at 33, October is at 31, November is at 27, January is at 27; compared to its 26-week average of 26 according to Track Data, suggesting large near term price movement into the expected IPO of Alibaba (BABA) on September 19.
07:25 EDTIBMActuate to hold a webinar
Database Trends & Applications Webinar will be held on September 18 at 2 pm. Webcast Link
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