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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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November 11, 2014
07:44 EDTCMCSAComcast deal would only be derailed by Title II concessions, says Wells Fargo
After President Obama called for Internet providers to be regulated under Title II, Wells Fargo thinks that Comcast (CMCSA) will only walk away from the Time Warner Cable (TWC) deal if there are significant Title II concessions specifically attached to the deal. The firm suggests, however, that the deal could be restructured if the companies' stock prices continue to fall in reaction to Obama's statement.
07:06 EDTCMCSAObama's call for regulation worries investors in Comcast-TWC deal, WSJ says
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06:36 EDTCMCSANBC exec 'very satisfied' with pace of Super Bowl ad sales, NY Times says
NBC, the broadcast home of Super Bowl XLIX in 2015, is "very satisfied" with the pace of sales of commercial time during the game, reports the New York Times. Seth Winter, the Executive VP for Sales of NBC Sports and NBCUniversal News Groups at NBCUniversal, said "I'm never 'extremely satisfied' until we're sold out... I'm very satisfied with what we see." Winter added that NBC is approaching 90% of the commercial time in the game's being sold to advertisers. Reference Link
05:51 EDTCMCSAStocks with implied volatility movement; HLF CMCSA
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November 10, 2014
16:44 EDTCMCSAOn The Fly: Closing Wrap
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14:09 EDTCMCSABoehner strongly opposes net neutrality
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13:32 EDTENTREntropic upgraded to Hold from Sell at Stifel
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13:26 EDTCMCSACable providers fall after Obama weighs in on net neutrality
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12:24 EDTCMCSAOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the marketís drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internetís success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributorís third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analystsí consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
10:42 EDTCMCSAComcast falls after Obama urges internet reclassification under Title II
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10:09 EDTCMCSAOptions with increasing implied volatility: CZR IGT CMCSA TWC
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10:06 EDTCMCSAVerizon says utility Internet regulation would 'threaten great harm'
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10:01 EDTCMCSATWC, Charter, Comcast drop after Obama calls for Internet regulation
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09:45 EDTCMCSAObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTCMCSAObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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07:20 EDTENTREntropic announces restructuring plan, to eliminate about 200 jobs
Entropic also announced its strategy to refocus on its core Connectivity businesses, which include MoCA, or Multimedia over Coax Alliance, direct broadcast satellite outdoor unit, or DBS ODU, and broadband access. Entropic will continue to pursue design wins for all set-top box system-on-a-chip, or SoC, products in production or already commercialized and will continue to invest to support those programs, but the Company will discontinue all new set-top box SoC product development. Entropic believes the set-top box SoC business will contribute meaningful revenue for the next three years or more, based on design wins currently in the pipeline and the products it has already brought to market.To advance its refocused strategy, Entropic is implementing a restructuring plan that it expects to substantially complete within the current quarter. The restructuring plan is expected to result in a workforce reduction of approximately 200 positions, constituting approximately 40% of Entropic's global workforce and includes closing facilities in Shanghai, China, Belfast, Northern Ireland and San Jose, CA. As a result of the restructuring plan, beginning in 1Q15, Entropic expects to realize approximately $11M in non-GAAP quarterly savings, primarily in operating expenses, with annualized non-GAAP savings projected at $44M. Entropic estimates it will incur pre-tax GAAP charges of between $9.0M-$11.0M in connection with the restructuring plan, the majority of which will be recorded during Q4. The company is continuing to actively explore strategic alternatives to enhance shareholder value.
07:17 EDTENTREntropic reports CEO Patrick Henry terminated without cause
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07:12 EDTENTREntropic reports Q3 EPS (11c), consensus (14c)
Reports Q3 revenue $43.2M, consensus $45.14M.
07:12 EDTCMCSACA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
November 7, 2014
08:46 EDTCMCSACord cutting accelerates as pay-TV loses 179K customers in Q3, WSJ reports
The pay-TV industry lost about 179K customers in Q3, which is steeper than the decline of 83K in the same quarter of last year, reported The Wall Street Journal, citing company reports and estimates from research firm MoffettNathanson. Companies that provide television service include AT&T (T), Verizon (VZ), DISH (DISH), Charter (CHTR), DirecTV (DTV), Cablevision (CVC), Comcast (CMCSA) and Time Warner Cable (TWC). Netflix (NFLX) and Amazon (AMZN) provide television and movie streaming services that compete with broadcast and cable television network offerings. Reference Link
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