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Stock Market & Financial Investment News

News For GOOG;EMC;VMW;INTC;GILD;FRX From The Last 14 Days
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December 5, 2014
06:15 EDTGOOGGoogle revamps incentive program for firms that sell productivity apps, services
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06:03 EDTGOOGiOS mobile traffic shows iPhone 6 launch strong, says Piper Jaffray
Piper Jaffray says that according to Quantcast data, Apple's (AAPL) iOS mobile traffic share increased from 60.6% at iPhone 6 launch to 61.4% nine weeks after launch, while Google's (GOOG) Android decreased from 38.4% to 37.5% in the same period. Piper views the iOS mobile traffic share as further evidence that the iPhone 6 launch in the U.S. is off to a strong start. It keeps an Overweight rating on Apple shares with a $135 price target.
December 4, 2014
11:10 EDTGOOGNetwork-1 Technologies initiates 2nd patent litigation against Google, YouTube
Network-1 Technologies (NTIP) announced it has initiated its second patent litigation against Google (GOOG) and YouTube in the United States District Court for the Southern District of New York for infringement of its newly issued patent relating to the identification and tagging of media content. The patent being asserted is U.S. Patent No. 8,904,464. The lawsuit alleges that Google and YouTube have infringed and continue to infringe by making, using, selling and offering to sell unlicensed systems and products and services related thereto, which include YouTube's Content ID system.
09:01 EDTGILDVA negotiated $594 per dose price for Gilead HCV treatment
A Veterans Health Administration official told a Senate committee yesterday that Veterans' Affairs has "moved rapidly to deploy new, more effective, less toxic HCV treatments and has been able to negotiate significant discounts for these newer therapies." The agency negotiated a price of $594 per dose for Gilead's (GILD) Hepatitis C virus drug Sofosbuvir, below the commercial price of $1,000 per dose, VHA Chief Consultant for Pharmacy Benefits Management Michael Valentino told the Senate's Committee on Veterans' Affairs. The agency also received a $413 per dose price for Johnson & Johnson's (JNJ) Simeprevir, below the commerical price of $790. The VA has approximately 174,000 veterans in care with HCV, making it the largest single HCV provider in the U.S., Valentino pointed out. He added, "Like the rest of the country, VA has treated only a portion of Veterans for HCV because treatment and cures have been difficult to achieve due to low efficacy and high toxicity of standard drug therapies." Reference Link
07:17 EDTVMWFBR Capital to hold a bus tour
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06:41 EDTGOOGProposed U.K. tax hike would hit tech companies, NY Times says
The British government has proposed a 25% tax on the U.K. profits of international companies, according to The New York Times. The tax would hit tech giants like Google (GOOG) which use complex loopholes to reduce their taxes, the newspaper stated. Reference Link
06:38 EDTINTCIntel to spend $1.6B to upgrade China factory, Reuters says
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05:21 EDTVMWJuniper, VMware collaborate on cloud in APAC
Juniper Networks (JNPR) and VMware (VMW) have kick-started a joint Asia Pacific, or APAC, strategy aimed at accelerating the adoption of private cloud solutions by enterprises across APAC. The announcement builds on last year's expansion of the two companies' global technology partnership to deliver joint marketing and sales activities and interoperable products to support simple integration of the VMware NSX network virtualization platform with Juniper Networks' MetaFabric architecture for virtualized data center networking in APAC. The global market for private cloud services is forecasted to grow at a compound annual rate of 22% over the period 2013-2018 according to TechNavio. Yet the implementation and management of virtual infrastructures, together with network latency, are among the leading pain-points cited by CIOs across the APAC region. The partnership between Juniper Networks and VMware represents a shared commitment to delivering simplified, flexible solutions that enable customers to more easily realize the benefits of network virtualization and SDN as their business needs evolve.
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