News Breaks |
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| January 29, 2013 |
| 10:27 EDT |  | CSCO, FIO, INTC, STX | Fusion-io retreats after Seagate invests in competitor
Fusion-io (FIO), which develops flash data storage products, is falling after hard drive maker Seagate (STX) announced last night that it would invest $40M in Fuison-io's competitor, Vident. Under the deal, Seagate will immediately begin offering Vident's products to its customers. Seagate and Vident will also collaborate on the development of other data storage products, the companies stated. In a note to investors earlier today, Piper Jaffray analyst Andrew Nowinski wrote that Seagate's investment in Vident shows that Seagate has confidence in the flash storage market. In addition, the deal will likely cause Fusion-io's valuation in any merger or acquisition transaction to increase, the analyst believes. While the deal between Seagate and Virdent will give the latter company access to more customers, the competitive dynamic between Vident and Fuison-io hasn't changed, according to Nowinski. Virdent has already received investments from a number of large companies including Cisco (CSCO) and Intel (INTC), and those deals haven't slowed Fusion-io's growth, Nowinski explained. The analyst maintained a $33 price target and Buy rating on Fusion-io, which fell 98c, or 4.77%, to $19.56 in mid-morning trading. Meanwhile, Seagate tumbled $3.17, or 8.47%, to $34.24 following its earnings report last night. |
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News For FIO;STX;INTC;CSCO From The Last 14 Days Check below for free stories on FIO;STX;INTC;CSCO the last two weeks. |
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| May 23, 2013 |
| 10:17 EDT | | INTC | Nokia Siemens Networks, Intel sign collaboration MoU
Nokia Siemens Networks (NOK, SI) and Intel (INTC) announced they signed a Memorandum of Understanding to collaborate around the development of Liquid Applications, an approach to accelerate the delivery of media-rich services and content directly from the base station. The intent of the collaboration is to accelerate development of an enhanced mobile broadband experience that gives operators new revenue and differentiation opportunities. Nokia Siemens Networks and Intel will collaborate in the creation of a mobile edge computing ecosystem, focusing on over-the-top content providers, independent software vendors and application service providers. The parties will also explore new business models between mobile operators and other ecosystem players, they said. |
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| 10:08 EDT |  | STX | On The Fly: Analyst Upgrade Summary
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| 09:37 EDT |  | CSCO | Cisco to host a webcast
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| 06:01 EDT |  | CSCO | Stocks with implied volatility below IV index mean; CSCO MBI
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| 05:49 EDT |  | CSCO | Cisco earnings upside could drives shares to $30, says Citigroup
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| 05:40 EDT | | STX | Seagate upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Seagate citing the move towards higher-margin enterprise drives and expectations for HDD unit growth to resume in the second half of 2013. The firm raised its price target for shares to $46 from $40. |
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| May 22, 2013 |
| 09:10 EDT | | INTC | Intel management to meet with 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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| 07:24 EDT | | INTC, CSCO | NetEvents International to host a summit
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| 07:22 EDT |  | FIO | Fusion-io may be in play after valuation decline, Bloomberg reports
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| 07:21 EDT | | INTC | MIT Sloan Alumni Club of Boston to hold a symposium
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| May 21, 2013 |
| 13:08 EDT | | INTC | Intel CEO creates 'new devices' group, Reuters reports
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| May 20, 2013 |
| 13:01 EDT |  | CSCO | Cisco hits session lows, levels to watch
The shares are down nearly 2%, last at $23.76. At that price, next support is at $23.32. Resistance is at $24.34. |
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| 09:40 EDT | | CSCO | Active equity option families trading
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| 08:10 EDT | | INTC | Intel management to meet with Deutsche Bank
Meeting to be held in Stockholm on May 20 hosted by Deutsche Bank. |
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| 07:42 EDT | | CSCO | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. |
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| 07:32 EDT | | INTC | Society for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24. |
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| 07:32 EDT | | INTC | Society for Information Display / IHS to host a conference
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| May 19, 2013 |
| 18:59 EDT | | CSCO, INTC | Cisco looks the best out of tech comeback stocks, Barron's says
Cisco (CSCO), Intel (INTC), and Microsoft (MSFT) stocks have jumped this month, however, Intel and Microsoft's revenue growth declined, due to their reliance on the PC market, providing Cisco with an opportunity to pull ahead in the technology sector, Barron's contends in its Technology Trader column. Cisco looks moderately priced, the paper adds. Reference Link |
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| May 17, 2013 |
| 16:00 EDT | | CSCO | Options Update; May 17, 2013
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