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Stock Market & Financial Investment News

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July 30, 2012
09:21 EDTERIC, ALU, NXPI, ELT, ESE, ITRI, ENOC, COMV, ELONMachine to machine communication growing rapidly, NY Times says
The number of machine to machine communication devices using wireless networks will at least triple by 2017, The New York Times quoted research firm Berg Insight as saying. As many as 50B machines will be connected to wireless networks by 2020, an Ericcson (ERIC) executive said, and smart meters and the auto industry are currently the leading users of machine to machine communications, the newspaper added. Reference Link
News For ERIC;ALU;NXPI;ELT;ESE;ITRI;ENOC;COMV;ELON From The Last 14 Days
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August 28, 2014
09:57 EDTALUOn The Fly: Analyst Upgrade Summary
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07:29 EDTALUAlcatel-Lucent removed from Europe 1 List at BofA/Merrill
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06:51 EDTALUAlcatel-Lucent upgraded to Outperform from Market Perform at Bernstein
August 22, 2014
06:46 EDTERICEricsson contract with MTS upped to exceed $1.5B, Reuters says
Russia's MTS said that it had raised the value of its contract with Ericsson to exceed $1.5B, reported Reuters. MTS noted that it agreed to an extra $286M contract with the Swedish company for the broadening and modernization of its 2G, 3G and LTE networks throughout Russia. Reference Link
05:18 EDTELONEchelon to sell Grid operations to S&T AG
Echelon announced that it has signed a definitive agreement to sell its Grid operations to S&T AG, a publicly traded European IT systems provider with an existing focus on smart energy products and services. The companies expect the deal to close by the end of the year. Under the terms of the agreement, Echelon will receive approximately $5M in upfront consideration, dependent in part on the value of net assets at closing. After fees, expenses, and restructuring charges are considered the company expects the net benefit to be nominal. Echelon will also become a supplier of its industry-leading narrowband high-reliability power line communications chips to S&T for use in their smart meters and related products. Echelon will receive future benefits in the form of revenue from the purchase of these products, as well as rental income, and potential performance-based consideration of up to $1M. As part of the transaction approximately 60 current Echelon employees are expected to join S&T. The acquisition is anticipated to be accomplished via a subsidiary established by S&T.
August 21, 2014
09:00 EDTNXPISeveral semi companies have positive read through from deal, says Sterne Agee
After Infineon (IFNNY) bought International Rectifier (IRF), Sterne Agee thinks the deal indicates that the shares ofother players in the sector - including Spansion (CODE), NXP Semiconductors (NXPI), and Avago (AVGO) - can rise further. The firm keeps Buy ratings on the latter three stocks.
August 20, 2014
12:38 EDTALUAlcatel-Lucent announces early repayment of $1.75B credit facility
Alcatel-Lucent announced today that its affiliate Alcatel-Lucent USA has repaid early and in full the senior secured credit facility of an initial principal amount of 1.75B entered into on January 30, 2013. The senior secured credit facility was secured by various first-priority pledges on a material portion of the Alcatel-Lucent Group's assets. The pledges will be consequently cancelled and released.
05:20 EDTERICEricsson to upgrade Vodafone Australia network
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August 19, 2014
08:36 EDTENOCEnerNOC announces investment in WeSpire
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08:01 EDTELONEchelon announces Lumewave acquisition
Echelon announced that it has acquired Lumewave. Echelon will sell the Lumewave products, which include individual lighting controllers, gateways, and management and maintenance software, and will incorporate Lumewave’s established sales channels in North America into its existing channels worldwide. Terms of the transaction were not disclosed.
August 18, 2014
16:52 EDTNXPIOn The Fly: Closing Wrap
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12:18 EDTNXPIThe Fly: Midday Wrap
The market opened in positive territory following news that Russia and Ukraine were working on a potential ceasefire. The market had faltered on Friday following reports that the Ukraine army had attacked a Russian military vehicle after it crossed into Ukraine territory. The market opened sharply higher and then received an additional boost when the NAHB Housing market Index came in above expectations. The averages quickly moved to session highs, lifting the S&P to its highest level ever and putting August on track for the best monthly performance since February. ECONOMIC EVENTS: The NAHB homebuilder sentiment index rose 2 points to 55 in August. The index had climbed 4 points to 53 in July. This is the highest level since January's 56. The single family sales index edged up to 58 from 56 (revised from 57). The future index was 65 from 63 (revised from 64). The index of prospective buyer traffic improved to 42 from 39 (revised from 39). Data was better than expected. COMPANY NEWS: Shares of discount retailer Dollar General (DG) were higher by about 10% after the company announced a proposal to acquire rival Family Dollar (FDO) for $78.50 per share in cash, in a transaction valued at $9.7B. Shares of Family Dollar rose approximately 5% on the news. MAJOR MOVERS: Among the notable gainers was Sensata Technologies (ST), which rose 5.6% after after agreeing to buy privately held Schrader International for $1B. Also higher was Lannett (LCI), which gained 9.3% after the company said fourth quarter and full-year 2014 earnings per share and revenue would exceed analysts' consensus estimates. Among the noteworthy losers was Monster Beverage (MNST), which fell about 4% after research firm Jefferies downgraded the shares to Hold from Buy saying the valuation looks full following its recent rally. Also lower was NXP Semiconductors (NXPI), which dropped 2.3% after Goldman Sachs downgraded the company to Sell from Neutral, and downgraded the semiconductor sector to Cautious from Neutral. The firm expects consensus estimates to move lower due to cyclical headwinds, increased Q4 and Q1 seasonality, and a RF correction. Goldman lowered their price target on the shares to $54 from $58. INDEXES: Near midday, the Dow was up 168.13, or 1.01%, to 16,831.04, the Nasdaq rose 44.11, or 0.99%, to 4,508.87, and the S&P 500 was higher by 16.79, or 0.86%, to 1,971.88.
10:29 EDTNXPIGoldman cuts sector view on semiconductors to Cautious
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10:01 EDTNXPIOn The Fly: Analyst Downgrade Summary
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09:03 EDTNXPIOn The Fly: Pre-market Movers
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08:36 EDTNXPINXP Semiconductors shares should be bought, says Sterne Agee
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08:04 EDTNXPISemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
06:39 EDTERICHrvatski Telekom selects Ericsson for 5-year managed services contract
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06:10 EDTNXPINXP Semiconductors downgraded at Goldman
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05:44 EDTNXPINXP Semiconductors downgraded to Sell from Neutral at Goldman
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