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Stock Market & Financial Investment News

News Breaks
November 29, 2012
11:16 EDTENTR, CMCSAEntropic advances after analysts talk Comcast design wins
Entropic Communications (ENTR) is climbing after research firms DA Davidson and Wunderlich Securities reported that the company had obtained important design wins from Comcast (CMCSA). In a note to investors earlier today, DA Davidson analyst Aalok Shah wrote that information obtained from the FCC indicated that Entropic had obtained a number of design wins from Comcast for the cable company's IP set-top box, the X13-H. Specifically, Entropic will provide the connectivity and System-on-a-Chip components of the product, the analyst reported. Entropic may receive $8-$10 for each X13-H that Comcast deploys, Shah wrote. Given Comcast's large customer base, the analyst believes that a substantial number of the product may be deployed. The device may begin rolling out in the first half of next year, added Shah, who reiterated a Buy rating on Entropic. Wunderlich also reported that the first version of the X13-H, which was approved by the FCC, would utilize Entropic's connectivity solution and its System-on-a-Chip components. The firm, which maintained a Buy rating on Entropic, views the wins as positive but believes it's too early to speculate on their financial impact. In mid-morning trading, Entropic rose 29c, or 5.54%, to $5.43.
News For ENTR;CMCSA From The Last 14 Days
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May 22, 2013
07:29 EDTCMCSAXbox won't hurt pay TV companies in near-term, AllThingsD says
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07:24 EDTCMCSANetEvents International to host a summit
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May 21, 2013
06:52 EDTCMCSAVideo on demand from cable companies becoming more popular, NY Times says
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May 20, 2013
13:45 EDTCMCSAComcast's NBC names new news president
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May 17, 2013
15:51 EDTCMCSADirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link
15:26 EDTCMCSADirecTV considering acquisition of Hulu, Dow Jones reports
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May 16, 2013
09:24 EDTCMCSAAmazon.com expands content licensing agreement with NBCUniversal
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07:26 EDTENTRJPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 16 at 8 am; not all company presentations may be webcasted. Webcast Link
05:51 EDTCMCSANBCUniversal says winter Olympic Games ad sales strong, WSJ reports
Comcast's (CMCSA) NBCUniversal unit is projecting advertising sales over $800M for the Olympic Games next year in Russia, which would be a record for the Winter Games, despite the decision by Anheuser-Busch InBev (BUD) and Hilton Worldwide not to advertise on the event in Sochi, reports the Wall Street Journal. The company said it has sold 75%-80% of its TV inventory.Reference Link
May 15, 2013
19:59 EDTCMCSAPay-TV operators eye Hulu, WSJ reports
At least two pay-TV operators, including Time Warner Cable (TWC), are looking at an investment in Hulu, jointly controlled by Comcast (CMCSA), Disney (DIS), and News Corp. (NWSA), reports the Wall Street Journal, citing people familiar with the matter. Reference Link
11:48 EDTCMCSAAppaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M.
11:24 EDTCMCSADavid Tepper's Appaloosa reports new stake in Comcast
10:49 EDTCMCSASenator questions TV broadcasters' free spectrum rights, The Hill says
Democratic Senator Mark Warner questioned whether broadcast stations that pull their programming off the air should be able to keep using spectrum for free, The Hill reported yesterday. A number of TV networks have threatened to broadcast only on cable and satellite in response to the launch of Aereo. The latter service uses stations' over the air signals to send programming to consumers' Internet devices. Reference Link
May 14, 2013
11:17 EDTENTREntropic management to meet with Needham
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08:06 EDTCMCSACinedigm enters multi-year agreement with Universal Studios Home Entertainment
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May 10, 2013
11:21 EDTCMCSANBC News settles on new president, NY Times reports
NBC News is close to naming Deborah Turness, the head Britain's ITV News, to succeed Steven Capus, who stepped down in February, as its president, reports the New York Times, citing people with knowledge of the appointment. Reference Link
May 9, 2013
10:30 EDTCMCSABill would pressure cable companies on a la carte channels, The Hill says
Republican Senator John McCain is writing a bill that would push cable TV and satellite companies to offer a la carte channel options to their customers, according to The Hill, which cited statements by the senator's office. McCain's bill would rpessure cable and satellite companies to enable consumers to choose which individual channels they want, the website explained. Reference Link
May 8, 2013
17:34 EDTENTREntropic files patent infringement lawsuit against ViXS
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