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Stock Market & Financial Investment News

News Breaks
August 18, 2014
06:39 EDTERIC, DTEGYHrvatski Telekom selects Ericsson for 5-year managed services contract
Hrvatski Telekom, a member of the Deutsche Telekom (DTEGY) has selected Ericsson (ERIC) as its partner in the construction and maintenance of telecommunications infrastructure. The five-year contract for construction and maintenance of telecommunications infrastructure includes planning and construction of fixed and mobile networks, maintenance of telecommunications infrastructure, telecom network monitoring, as well as field maintenance of active access and passive networks.
News For ERIC;DTEGY From The Last 14 Days
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September 29, 2014
11:50 EDTERICEricsson set to buy Ambient Corp.out of bankruptcy, WSJ says
Ericsson is set to acquire Massachusetts-based Ambient Corp. for $7.5M, says the Wall Street Journal. Ambient filed for bankruptcy on July 28 because it was having trouble selling its "smart grid" technology to power companies, added the Wall Street Journal. Reference Link
07:03 EDTERICNeuStar plans to send report to FCC this week, NY Times says
NeuStar (NSR) plans this week to send the Federal Communications Commission a 45-page report done by former secretary of the Department of Homeland Security, Michael Chertoff, New York Times says. The report discusses national security concerns should NeuStar lose its $446M phone call routing contract to Ericsson (ERIC), as recommended to the FCC by a private phone-industry panel, the paper adds. Reference Link
September 26, 2014
15:47 EDTDTEGYDeutsche Telekom mulling longer stay in U.S. with T-Mobile, Reuters says
Deutsche Telekom (DTEGY) is mulling the possibility of keeping its investment in T-Mobile U.S. for at least another year as it worries that the current bidder for T-Mobile, Iliad (IILIAF), will not be able to offer an ample bid for the 56.6% stake in the U.S. telecom operator, Reuters reports, citing three people familiar with the matter. Deutsche Telekom could still be convinced to sell its stake in T-Mobile if Iliad can secure partners to significantly increase its offer, the people added. Reference Link
September 24, 2014
09:59 EDTERICOn The Fly: Analyst Downgrade Summary
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07:56 EDTERICEricsson downgraded to Neutral at UBS
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05:22 EDTERICEricsson downgraded to Neutral from Buy at UBS
September 22, 2014
09:49 EDTERICEricsson to hold a briefing
CEO Vestberg provides a briefing on sustainability and corporate responsibility initiatives at the NASDAQ offices in New York on September 22 at 10:30 am.
09:06 EDTERICEricsson acquires majority stake in Apcera
Apcera also announced that Ericsson has acquired a majority stake in the company. In addition, Ericsson has made a significant commitment to fund future operations and fuel growth and sales channel expansion. The all-cash deal is expected to close in Q4 and marks the most significant investment to date in deploying the next generation of PaaS technology. Apcera will retain its name and operate as a standalone company. Founder and CEO Derek Collison will continue as CEO. The company plans to immediately accelerate hiring as it prepares for expected growth.
07:14 EDTERICGSM Association to hold a conference
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06:58 EDTDTEGYIliad enacts mid-October cut-off date for T-Mobile offer, Reuters says
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September 20, 2014
21:29 EDTDTEGYIliad faces obstacles in T-Mobile bid, Bloomberg says
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September 19, 2014
18:40 EDTDTEGYIliad sets mid-October deadline for T-Mobile bid, Reuters reports
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12:20 EDTDTEGYIliad financing talks yet to yield higher T-Mobile bid, Bloomberg reports
Iliad talks with potential partners for additional financing have not yet resulted in a higher bid for T-Mobile (TMUS), Bloomberg reports, citing people familiar with the matter. Iliad is facing hurdles while Deutsche Telekom (DTEGY) reconsiders plans for its U.S. unit, Bloomberg adds. Reference Link
10:06 EDTDTEGYOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
05:31 EDTDTEGYDeutsche Telekom upgraded to Buy from Neutral at Citigroup
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September 18, 2014
05:15 EDTERICEricsson discontinues development of modems
Ericsson announced it will discontinue future development of modems and shift parts of resources in modems to radio network R&D to better capture growth opportunities in this area. The change in strategy for modems comes as the company completes its previously communicated evaluation of the future of the modems business. In order to capture opportunities in radio networks, especially within small cells, energy efficiency and M2M, Ericsson has an immediate need to increase its R&D resources by approximately 500 people. Parts of the Modems organization have a relevant R&D competence base to support this growth.

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