News Breaks |
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| January 31, 2013 |
| 11:05 EDT |  | FB, AAPL, FIO | Lazard Capital bucks trend with upgrade of Fusion-io
Fusion-io (FIO), which develops flash data storage products, is tumbling after the company last night provided weaker than expected revenue guidance for its third quarter and fiscal year 2013. The huge scale of the transformation to flash storage can create lumpiness in customer deployments from quarter to quarter, Fusion-io explained. The company added that its sales to Apple (AAPL) tumbled 42% in the second quarter compared with the previous quarter. Moreover, Fuison-io stated that its sales to Apple should continue to slow for the next two quarters. Facebook's (FB) spending on Fusion-io's products will also slow over the next two quarters, the company warned. While Fusion-io said it remained upbeat about the outlook for its business, several analysts reacted to the company’s guidance by downgrading the stock. Analysts from JPMorgan, Credit Suisse and Piper Jaffray all downgraded the shares in notes to investors earlier today. On the other hand, Lazard Capital analyst Edward Parker upgraded the shares to Buy from Hold. Fusion-io maintains a significant lead over its competitors, and it still has pricing power, Parker believes. The company's new guidance adequately incorporates lumpiness in its business and the stock's valuation is now reasonable, wrote Parker, who put a $23 price target on the shares. In mid-morning trading, Fusion-io sank $3.04, or 15.12%, to $17.05. |
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News For FIO;AAPL;FB From The Last 14 Days Check below for free stories on FIO;AAPL;FB the last two weeks. |
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| May 22, 2013 |
| 14:27 EDT | | FB | comScore says Google Sites lead April U.S. online video rankings
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| 12:07 EDT |  | AAPL | Consumer Reports says Galaxy S 4 is top smartphone, iPhone 5 fifth, CNN says
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| 10:37 EDT | | FB | Pandora extends Facebook partnership with timeline App
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| 09:42 EDT |  | AAPL | Apple rises in early trading, levels to watch
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| 09:39 EDT |  | AAPL | Active equity option families trading
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| 08:58 EDT |  | FB | Facebook management to meet with Deutsche Bank
Meeting to be held in New York on May 22 hosted by Deutsche Bank. |
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| 07:29 EDT | | FIO | Fusion-io calls volatility flat, shares near record low
Fusion-io overall option implied volatility of 56 is near its 26-week average of 55 according to Track Data, suggesting non-directional price movement into the company may be in play after valuation decline, Bloomberg reports. |
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| 07:22 EDT | | FIO | Fusion-io may be in play after valuation decline, Bloomberg reports
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| 07:10 EDT | | AAPL | Apple bonds lose $280.6M as rates increase, Bloomberg reports
Apple’s bonds have lost $280.6M of market value since buyers bought $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, reports Bloomberg.Reference Link |
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| 07:09 EDT | | AAPL | Apple used unusual tax loophole in Ireland to shelter billions, Reuters reports
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| 06:02 EDT | | AAPL | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports. |
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| May 21, 2013 |
| 16:04 EDT | | AAPL | Options Update; May 21, 2013
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| 09:42 EDT | | AAPL | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C |
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| 09:34 EDT | | AAPL | Apple trades lower, levels to watch
The shares are down less than 1% in the early going, last at $439.04. At that price, next support is at $437.85, a prior pivot high and then at $433.26. Resistance is at $444.46. |
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| 08:12 EDT | | AAPL | Senate Homeland Security and Governmental Affairs Committee to hold a hearing
The Permanent Subcommittee on Investigations holds a hearing entitled, "Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)" with CEO Cook, SVP & CFO Oppenheimer and Head of Tax Operations Bullock of Apple (AAPL) on May 21 at 9:30 am. Webcast Link |
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| 07:50 EDT | | AAPL | Ireland rejects allegations that it's a tax haven, FT reports
Ireland rejected allegations contained in a U.S. Senate committee report that it is a tax haven which has helped Apple avoid paying billions of dollars in taxes worldwide, reports the Financial Times. Deputy Prime Minister Eamon Gilmore said Ireland was “a highly tax compliant country” and loopholes in other countries were to blame for multinational companies’ use of complex tax avoidance strategies. Reference Link |
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| 07:05 EDT | | AAPL | Senate report says Apple avoided paying taxes on $44B of income, Politico says
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| May 20, 2013 |
| 17:12 EDT | | AAPL | Apple has avoided paying taxes on operations for five years, U.S. Senate says
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| 17:11 EDT | | AAPL | Apple Operations International has no physical presence, says Senator Levin
Apple Operations International has no physical presence and no employees, according to Senator Levin. Two of three directors are Apple employees, based in the U.S., the Senator added. |
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| 16:02 EDT | | AAPL | Options Update; May 20, 2013
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