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Stock Market & Financial Investment News

News Breaks
January 29, 2013
10:27 EDTFIO, STX, INTC, CSCOFusion-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.
News For FIO;STX;INTC;CSCO From The Last 14 Days
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September 12, 2014
06:05 EDTCSCOCisco implied volatility of 14 at lower end of index mean range
05:45 EDTSTXSeagate to host conference call
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September 11, 2014
13:51 EDTINTCIntel tablet AP shipments could reach 7M units in 2H14, Digitimes reports
In the first half of 2014, Intel shipped approximately 1.5M tablet application processors, but Digitimes Research expects the company's shipments to total 7M units in the second half due to China brand vendors' and white-box players' full support, Digitimes reports. Reference Link
11:17 EDTCSCOEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
07:35 EDTINTCAntitrust suit over tech giants' hiring pushed back, WSJ reports
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September 10, 2014
16:00 EDTINTCIntel acquires Powerwave patent portfolio
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08:02 EDTSTXSeagate says has shipped 10 millionth solid state hybrid hard drive
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07:37 EDTINTCIntel products look strong, says Wells Fargo
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September 9, 2014
14:12 EDTINTCApple confirms wireless charging for Apple Watch
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13:03 EDTINTCIntel head feels expensive tablet chip plan beneficial, Reuters says
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08:51 EDTINTCIntegrated Device says 'working closely' with Intel on wireless charging
Integrated Device Technology (IDTI) announced earlier at the Intel Developer Forum that it is working closely with Intel (INTC) on the development of wireless charging solutions to accelerate the delivery and adoption of the technology. The two companies, both board members of the Alliance for Wireless Power, will define, design and manufacture solutions that comply with the A4WP magnetic resonance standard. The new technology will offer the ability to charge both lower and higher power devices, from wearables and phones to tablets and PCs. The companies expect to have their technology in products in 2015, IDT stated.
07:29 EDTINTCUBM Canon to hold a summit
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07:28 EDTINTCThe Money Event, Inc to hold a conference
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07:17 EDTCSCO, INTCThe Wireless Association to hold a conference
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07:13 EDTINTCIntel to hold a forum
Annual Developers Forum: IDF 2014 to be held in San Francisco on September 9-11.
07:11 EDTINTCUBM Tech to hold a conference
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September 8, 2014
14:30 EDTSTXSeagate volatility low into strategic update
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13:18 EDTINTCIntel 'Grantley' line could drive server processor unit growth, says Wells Fargo
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13:15 EDTINTCIntel introduces Xeon processors for servers
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08:45 EDTCSCONimble Storage, Arista, CommVault recommnded on M&A at Pacific Crest
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