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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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July 2, 2015
16:04 EDTINTCOptions Update; July 2, 2015
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13:09 EDTINTCOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session in positive territory but have moved into negative ground in early afternoon trading. The nonfarm payrolls report showed that job growth slowed in June and the unemployment rate ticked down as many left the labor force. The news flow is expected to slow with investors preparing for the Independence Day weekend and the trading has been listless as is typical in the trading session prior to a long leave. However, U.S. investors will be returning to big news, either positive or negative, on Monday following the Greek referendum that is scheduled to occur on July 5. ECONOMIC EVENTS: In the U.S., the monthly nonfarm payrolls report showed the addition of 223,000 jobs, versus expectations for 233,000 jobs to have been added last month. The unemployment rate fell to 5.3% from the prior month’s 5.5% rate. Initial jobless claims rose 10,000 to 281,000 in the week ended June 27, versus expectations for 270,000 first-time claims. Factory orders fell 1.0% in May, which was larger than the expected 0.5% decline. In Europe, Greek finance minister Yanis Varoufakis said he would resign from his post if the nation's referendum on bailout terms results in a "Yes" vote. COMPANY NEWS: Shares of BP (BP) trading in New York rose more than 5% after the oil major announced it has reached agreements in principle to settle all U.S. federal and state claims arising from the Deepwater Horizon accident and spill in 2010. BP said it will pay up to $18.7B to settle the claims and that the expected impact of its agreements would be to increase the cumulative pre-tax charge associated with the accident and spill by around $10B from $43.8B at the end of the first quarter... Managed healthcare company Centene (CNC) announced a definitive agreement to acquire managed health care services rival Health Net (HNT) in a cash and stock deal valued at approximately $6.8B, including the assumption of approximately $500M of debt. Under the terms of the deal, Health Net shareholders would receive 0.622 shares of Centene common stock and $28.25 in cash for each share of Health Net common stock, which is equal to implied consideration of $78.57 per share based on Centene’s closing stock price on July 1. MAJOR MOVERS: Among the notable gainers was Intel (INTC), which was 1.5% higher in afternoon trading after the company announced this morning that President Renee James informed the board that she will be stepping down to pursue an external CEO role. Also higher was Xoom (XOOM), which gained 22% after eBay's (EBAY) soon-to-be split PayPal (PYPL) unit announced last night that it has agreed to acquire the digital money transfer provider for $25 per share in cash. Among the noteworthy losers was Western Union (WU), which slipped about 6% after Evercore ISI downgraded the stock to Hold and JMP Securities said that PayPal's deal for Xoom will negatively affect Western Union's prices over the longer term. Also lower were shares of Triple-S Management (GTS), which fell xxx% after Wells Fargo downgraded the stock to Underperform, the firm's equivalent to a "sell" rating, saying Puerto Rico's "crumbling" economy puts the company's earnings at risk. INDEXES: Near midday, the Dow was down 54.98, or 0.31%, to 17,702.93, the Nasdaq was down 20.30, or 0.4%, to 4,992.83, and the S&P 500 was down 5.11, or 0.25%, to 2,072.31.
09:35 EDTGILDActive equity options trading on open
Active equity options trading on open: AAPL HP TSLA FB GRPN BP MEP GILD
09:14 EDTGOOGYahoo begins testing search partnership with Google, New York Times reports
Yahoo (YHOO) and Google (GOOG) are exploring a new relationship in which Yahoo would use Google for some regular search results and search ads, reports the New York Times. Yahoo and Google confirmed that Yahoo has begun testing the use of Googl search ads for a small portion of its desktop and mobile web search results. Reference Link
09:03 EDTINTCIntel President Renee James stepping down to pursue external CEO role
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09:01 EDTINTCIntel President Renee James stepping down to pursue external CEO role
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06:05 EDTGOOGBarclays extends cheque imaging to Android users
Barclays announced the extension of its pioneering mobile cheque imaging service to nearly a million more customers, including 500,000 customers with android phones. In another UK first, the service is also now being made available to iPad users. Since the launch of cheque imaging a year ago, nearly three quarters of a million pounds have been deposited by the 30,000 Barclays customers signed up to the mobile cheque imaging tool on their iPhones. The latest roll-out will see this number rise yet higher as more customers are able to benefit from the speed and ease of this time-saving technology. Mobile cheque imaging is available through the Barclays Mobile Banking app and allows customers to pay in a Barclays cheque of up to £500 within minutes of receiving it. Customers simply need to take a photo of the cheque then complete a few quick steps before the funds are immediately available in their current account. Reference Link
July 1, 2015
16:33 EDTGILDGilead submits NDA to FDA for single tablet regimen for HIV containing R/F/TAF
Gilead Sciences (GILD) announced that it has submitted a New Drug Application, or NDA, to the FDA for an investigational, once-daily single tablet regimen that combines Gilead’s emtricitabine 200 mg and tenofovir alafenamide, or TAF, 25 mg with rilpivirine 25 mg, or R/F/TAF, from Janssen Sciences Ireland UC, one of the Janssen Pharmaceutical Companies of Johnson & Johnson (JNJ), for the treatment of HIV-1 infection in adult and pediatric patients 12 years of age and older. The data submitted in the NDA support the use of R/F/TAF among patients who are HIV treatment-naïve or who are virologically suppressed and want to replace their current antiretroviral treatment regimen. A Priority Review voucher acquired from Knight Therapeutics in November 2014 was submitted to the FDA along with the R/F/TAF NDA. Under the Prescription Drug User Fee Act, or PDUFA, the anticipated target action date for the R/F/TAF NDA is six months after the FDA’s acceptance of the filing. TAF is a novel, investigational nucleotide reverse transcriptase inhibitor, or NRTI, that has demonstrated high antiviral efficacy at a dose less than one-tenth that of Gilead’s Viread, as well as improved renal and bone laboratory parameters as compared to TDF in clinical trials in combination with other antiretroviral agents. In addition to R/F/TAF, two other TAF-based HIV treatments are also under FDA review.
13:23 EDTGOOGFacebook to offer revenue split for content creators, Re/code says
As it continues competing with Google's (GOOG) YouTube, Facebook (FB) will begin offering video content creators 55% of the revenue from ads played alongside videos, reports Re/code. In an interview, Facebook's VP of partnerships Dan Rose told Re/code that "a lot of [partners] have said this will be a big motivation to start publishing a lot more video content to Facebook." As part of the revenue-sharing move, Facebook will also be testing a "Suggested Videos" feature, a video-only news feed that uses an algorithm to personalize its content for each user. Reference Link
10:07 EDTGOOGGoogle, Apple seen benefiting from Internet of Things emergence
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09:46 EDTGOOGCriteo rises after said to add Alibaba, Target as customers
Shares of digital marketing solutions provider Criteo (CRTO) are rising in early trading after research firm Pacific Crest raised its price target on the stock. The firm also notes that it appears Criteo has recently added Alibaba (BABA) and Target (TGT) as customers. WHAT'S NEW: In a note to investors this morning, Pacific Crest analyst Evan Wilson said that the firm's checks indicate that Criteo now has cookies on 49% of the top 100 retail and travel websites in the U.S. Wilson noted that Google (GOOG) has 76% of the top 100, but suggested also that its heavy overlap with Criteo reinforces the view that the two companies' cookies serve different purposes. Wilson said Target was a notable Criteo win in the U.S. during Q2, while also saying the firm discovered that some Alibaba sites outside of China now have a Criteo cookie for the first time. Wilson raised his 2016 estimates for Criteo citing the continued strong checks and increased the firm's price target on the stock to $65 from $55. PRICE ACTION: In early trading, Criteo grained $2.30, or 4.8%, to $49.97.
08:30 EDTGOOGGoogle outlook improved due to Internet of Things forecast, says JMP Securities
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05:57 EDTVMWVMware, Carahsoft pay $75.5M to settle claims of overcharging government
VMware and Carahsoft Technology Corporation yesterday agreed to pay $75.5M to resolve allegations that they violated the False Claims Act by misrepresenting their commercial pricing practices and overcharging the government on VMware software products and related services, the Department of Justice announced. VMware is a Delaware corporation that specializes in computer virtualization software and has its principal place of business in Palo Alto, California. Carahsoft is a privately held Maryland corporation that distributes information technology products to federal, state and local governments and has its principal place of business in Reston, Virginia. The settlement resolves allegations that VMware and Carahsoft made false statements to the government in connection with the sale of VMware products and services under Carahsoft’s MAS contract. These false statements allegedly concealed the companies’ commercial pricing practices and enabled the companies to overcharge the government for VMware’s products and services from 2007 through 2013. The civil settlement resolves a lawsuit filed under the whistleblower provision of the False Claims Act, which permits private parties to file suit on behalf of the United States for false claims and obtain a portion of the government’s recovery. The civil lawsuit was filed in the Eastern District of Virginia by Dane Smith, who is a former vice president of the Americas at VMware Inc. Smith’s share of the recovery has not been determined.
June 30, 2015
13:37 EDTGOOGYouTube prevails in German court case regarding artists' fees, Reuters says
Google notched a legal victory over German performing rights organization Gema, which had tried to make YouTube pay each time users watched music videos by artists it represents, Reuters reports. Reference Link
11:58 EDTGILDStocks with call strike movement; GILD YHOO
Gilead (GILD) November 130 call option implied volatility increased 2% to 28, Yahoo (YHOO) October 46 call option implied volatility decreased 2% to 29 according to IVolatility.
10:38 EDTGOOGWells Fargo upbeat on core eBay, Bernstein bullish on PayPal
Wells Fargo issued an upbeat note on the outlook for eBay's (EBAY) core business, while another research firm, Bernstein, was bullish on the company's soon to be spun off PayPal (PYPL) unit. eBay has said that it will spin off its PayPal online payments unit through a distribution to eBay shareholders on July 17. CORE EBAY: The shares of core eBay are likely to offer a "unique value opportunity" following the spin-off, as many growth investors will probably sell their shares in eBay creating "an interesting entry point." Wells Fargo stated. eBay's business model is "arguably better" than that of most retailers, as it has no inventory risk, better margins, and more efficient capital deployments than most other companies in the sector, Wells believes. Numerous initiatives that the company is undertaking, including structured data and a simplified listing process, could enable eBay to beat expectations going forward, Wells contended. Additionally, there is little risk to fiscal 2016 estimates for eBay, since its guidance does not factor in any improvement in its business, the firm believes. Noting that "when issued" shares of eBay and PayPal are slated to start trading on July 9, Wells says that eBay's shares would provide "exceptional value" if they trade anywhere near the current $20 per share implied value of core eBay. At $25, the shares would still provide "excellent value," the firm added. PAYPAL: The growth of Internet payments is in its infancy and has "vast untapped potential," according to Bernstein analyst Carlos Kirjner. PayPal's total payments volume should have a compound annual growth rate of over 20% in the next three years, helping its revenue to jump by a CAGR of at least 17% over the period, the analyst stated. Since PayPal's position in mobile is strong, competing services from Apple (AAPL) and Google (GOOG) will, at most, create a small headwind to PayPal's growth over the next three years, Kirjner contended. Moreover, PayPal has room to cut its costs, enabling its margins to expand and its earnings to grow faster than its revenue over the longer term, the analyst stated. He values PayPal at $43 per eBay share. PRICE ACTION: In early trading, eBay added 0.7% to $59.77.
09:35 EDTGILDActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
08:37 EDTGOOGTwitter integration with Google could accelerate user growth, says Canaccord
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08:22 EDTGOOGMicrosoft deal with AOL for Bing doesn't move needle, says Citi
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07:32 EDTGILDJuno pact leaves Celgene set for growth past Revlimid, says Deutsche Bank
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07:08 EDTGOOGGoogle apps take up nearly as much user time as Facebook’s apps, WSJ says
A study released by Forrester Research suggests that U.S. smartphone users in late 2014 spent roughly 12% of their time in Google (GOOG) apps, just below the 13% spent on Facebook (FB) apps, the Wall Street Journal reports. The time spent on Google apps is likely to be “much higher” since respondents were only asked to list apps they downloaded and the time spent on them, excluding apps pre-loaded on certain Google phones, the report says. The same is true of Apple’s (AAPL) apps, amounting to 3% of users time, the report says. Reference Link
05:59 EDTINTCGartner: Worldwide IT spending on pace to decline 5.5% in 2015
Worldwide IT spending is on pace to total $3.5T in 2015, a 5.5% decline from 2014, according to the latest forecast by Gartner, Inc. Analysts attribute the decline to the rising U.S. dollar. In constant-currency terms, the market is projected to grow 2.5%. In Gartner's previous forecast in April, it had forecast IT spending to decline 1.3% in U.S. dollars and grow 3.1% in constant currency. "We want to stress that this is not a market crash. Such are the illusions that large swings in the value of the U.S. dollar versus other currencies can create," said John-David Lovelock, research vice president at Gartner. "However, there are secondary effects to the rising U.S. dollar. Vendors do have to raise prices to protect costs and margins of their products, and enterprises and consumers will have to make new purchase decisions in light of the new prices." Communications services will continue to be the largest IT spending segment in 2015 with spending at nearly $1.5T. However, this segment is also experiencing the strongest decline among the five IT sectors. In the device market, mobile phones continue to be the leading segment, with growth in Apple phones, especially in China, keeping overall phone spending consistent. However, overall smartphone unit growth will start to flatten. The PC and tablet market continues to weaken. The expected 10 percent increase in average PC pricing in currency-impacted countries is going ahead, delaying purchases even more than expected. Excessive PC inventory levels, especially in Western Europe, need to be cleared, which will delay Windows 10 inventory in the second half of the year. Within the data center systems segment, storage and network markets are both expected to see weaker growth in U.S. dollar terms as a result of the appreciation of the U.S. dollar. Reference Link
05:58 EDTINTCIntel 28nm SoFIA 4G AP delayed to early 2016, DigiTimes reports
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05:32 EDTGOOGNovartis launches first Apple Watch app for visually impaired people
Novartis Pharmaceuticals (NVS) announced the release of new features for its ViaOpta applications, and the extension for use with smart watches. The discreet, hands-free nature of using ViaOpta app with wearable devices, such as Apple Watch (AAPL) and Android Wear (GOOG), provides users with an experience that seamlessly fits into their existing routines allowing those with visual impairments to navigate daily life with even greater ease.
June 29, 2015
16:30 EDTGILDFDA sued by advocacy groups for Gilead Hep-C drug trial data, Reuters says
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11:59 EDTGOOGGoogle deadline to answer EU antitrust claim extended, WSJ says
U.S. search giant Google was granted more time to respond to European Union regulators' claims that the company skews search results in favor of its own comparison-shopping service, says the Wall Street Journal. The new deadline is August 17, added the Wall Street Journal. Reference Link
11:03 EDTINTCAnalyst says sell Qualcomm ahead of predicted price cuts
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10:54 EDTGOOGGoogle denied appeal by U.S. Supreme Court in Oracle copyright case
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10:02 EDTVMW, EMCHP deal for EMC 'more than a distinct possibility,' says Raymond James
Noting that shares of both HP (HPQ) and EMC (EMC) have been stagnant, Raymond James analyst Brian Alexander repeated that he believes shareholders of both would earn substantial returns from a deal between the two and that he thinks an HP acquisition of EMC is "more than a distinct possibility." Alexander previously said in a note to investors on June 4 that he believed HP will ultimately buy EMC, including VMware (VMW). Assuming EMC is acquired for $32-$34 at various combinations of debt/stock, accretion for HP ranges from 39%-52%, Alexander calculates. Raymond James has a Market Perform rating on HP, a Strong Buy rating on EMC and an Outperform rating on VMware.
07:13 EDTGOOGGoogle, Facebook competing heavily in video market, NY Post says
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06:24 EDTGOOGResearch shows Google hurts users by skewing search results, WSJ reports
New research by two U.S. academics shows that Google is harming internet users and violating competition laws by skewing search results to favor its own products and services, the Wall Street Journal reports. The study may present a “significant twist” in the European Union’s antitrust investigation into Google’s supposed anticompetitive practices, the report says. The research shows that users were 45% more likely to click on results that were ranked purely by relevance as opposed to the way Google ranks them currently, the Wall Street Journal says.Reference Link
06:08 EDTINTCIntel estimates lowered at Pacific Crest
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June 28, 2015
12:47 EDTGOOGTech sector earnings 'melt away' when accounting for stock comp, Barron's says
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June 26, 2015
16:16 EDTINTCOn The Fly: Top stock stories for Friday
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16:00 EDTINTCOptions Update; June 26, 2015
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10:00 EDTGOOGOn The Fly: Analyst Initiation Summary
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09:41 EDTINTCIntel falls after weak Micron results and outlook
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09:36 EDTINTCActive equity options trading on open
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07:14 EDTINTCIntel estimates lowered following Micon report at Jefferies
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06:58 EDTGOOGLost My Name raises $9M in funding round led by Google Ventures, TechCrunch says
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06:17 EDTGOOGGoogle Ventures, Softbank invest in Yieldify, Business Insider reports
Google Ventures Europe (GOOG) and Softbank (SFTBF) have invested $11.5M into Yieldify, an e-commerce startup that "helps online retailers convince people to buy products online," Business Insider reports. Google Ventures partner Avid Larizadeh Duggan will join Yieldify's board as part of the fundraising. Reference Link
06:11 EDTGOOGGoogle, Delphi self driving cars have near collision in Palo Alto, Reuters says
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June 25, 2015
19:34 EDTGOOGAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
17:56 EDTINTCMicron plunges after Q3 results, guidance impacted by PC headwinds
Shares of PC related memory chip maker Micron Technology (MU) are plunging after reporting third quarter financial results and fourth quarter guidance that missed analyst expectations. WHAT'S NEW: After the close, Micron reported Q3 earnings per share of 54c on revenue of $3.85B, both shy of analyst estimates of 56c and $3.9B, respectively. Citing "near-term headwinds driven primarily by weakness in PC sector," Micron gave a fourth quarter revenue view of $3.45B-$3.7B which was significantly lower than analyst expectations of $4.16B. WHAT'S NOTABLE: On the company's earnings conference call, Micron said, consistent with prior expectations, "We are forecasting DRAM industry supply bit growth in the mid-20s in calendar 2015 and in the low-to-mid 20s in 2016." The company said it sees DRAM gross margins for Q4 down mid-single digits sequentially. Additionally, the chip maker said it sees Q4 DRAM bit growth flat to up low single digits. ANALYST TAKE: On June 22, Micron was downgraded to Sell from Neutral at Goldman Sachs. Goldman analyst Mark Delaney downgraded Micron Technology to Sell saying rising DRAM supply will lower selling prices and contract margins. Delaney expects DRAM prices to drop up to 30% over the next three quarters and cut his price target for shares to $19 from $27. On the same day, JP Morgan lowered its price target on Micron shares to $33 from $37. The firm also lowered its estimates for Micron citing lower than anticipated DRAM pricing in the past three months. The firm, however, kept an Overweight rating on Micron, saying improving demand in other segments like mobile and the company's decision to not hold inventory during Q3 should help offset the DRAM weakness. PRICE ACTION: Shares of Micron are lower by 11.5% in after- hours trading to $21.25. OTHER PC RELATED STOCKS: In after-hours trading, PC related chip makers are also lower, with Intel Corporation (INTC) down 0.9%, NVIDIA (NVDA) lower by 1.1%, and AMD (AMD) down fractionally. Others trading lower include Microsoft (MSFT), SanDisk (SNDK), Hewlett-Packard (HPQ), and Seagate (STX).
16:55 EDTGOOGGoogle-built self-driving cars hit the road
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16:52 EDTGOOGGoogle initiated with a Neutral at Mizuho
Target $595.
12:59 EDTVMWOptions with increasing implied volatility
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09:34 EDTINTC, GILDActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
06:31 EDTGOOGMicrosoft focusing on increasing smartphone sales in India, WSJ reports
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June 24, 2015
19:31 EDTGOOGGoogle exec 'very confident' in YouTube's lead over Facebook video, BI says
In a Business Insider interview at the Cannes Lions advertising festival, Torrence Boone, Google's (GOOG) VP of global agency sales and services, said the company is "very bullish and confident" that Google's YouTube will maintain its lead over Facebook's (FB) efforts in video. Boone explained that the services serve different functions, with YouTube being a more dedicated video platform. Reference Link
18:16 EDTGOOGGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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17:57 EDTINTCWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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12:27 EDTGOOGHBO to offer free episodes of 'Ballers', 'The Brink' on Facebook, Variety says
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11:16 EDTVMWOptions with increasing implied volatility
Options with increasing implied volatility: WMB AMZN CMG BIIB VMW QLIK ISRG FB UA FFIV
11:01 EDTINTCHoneywell and Intel to collaborate for Internet of Things security
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10:00 EDTVMWOn The Fly: Analyst Upgrade Summary
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09:35 EDTINTCActive equity options trading on open
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09:30 EDTGOOGGoogle competing with itself after unveiling free music service, Bloomberg says
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07:57 EDTVMWVMware upgraded to Conviction Buy from Buy at Goldman
Goldman added VMware to the Conviction Buy List and maintained its $102 price target. The firm believes VMware will benefit from improving execution, accelerating cash flow, ELA renewals, and growth from expanded product adoption and gains in emerging areas.
06:00 EDTGOOGGoogle held 29 high-level meetings in Brussels in 6 months, Financial Times says
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June 23, 2015
17:50 EDTGOOGGoogle to remove Confederate flag from shopping service and ads, Reuters says
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14:10 EDTGILDGilead price target raised to $150 from $130 at Argus
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12:54 EDTINTCPC concerns weighing on shares of Seagate, Western Digital
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12:08 EDTGOOGPandora down 1% after Google launches free music service
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12:05 EDTGOOGGoogle launches free, ad-supported music service in U.S.
Google (GOOG) announced via a blob post that Google Play Music now has a "free, ad-supported version" in the U.S. It stated, "Our team of music experts, including the folks who created Songza, crafts each station song by song so you don’t have to. If you’re looking for something specific, you can browse our curated stations by genre, mood, decade or activity, or you can search for your favorite artist, album or song to instantly create a station of similar music." Shares of Pandora (P) ticked lower following Google's announcement.
11:00 EDTVMWOptions with increasing implied volatility
Options with increasing implied volatility:TRIP WPZ CMG BIIB WMB AMZN ISRG VMW
07:41 EDTINTCRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
06:25 EDTGOOGGoogle introduces the News Lab on blog
Google said on its blog that it is launching the News Lab, "a new effort at Google to empower innovation at the intersection of technology and media. Our mission is to collaborate with journalists and entrepreneurs to help build the future of media. And we’re tackling this in three ways: though ensuring our tools are made available to journalists around the world -- and that newsrooms know how to use them; by getting helpful Google data sets in the hands of journalists everywhere; and through programs designed to build on some of the biggest opportunities that exist in the media industry today. The News Lab is a global effort, with teams in the U.S., U.K., France, and Germany to start -- and we’re also powering the training and research arm of Google’s Digital News Initiative in Europe. Google has created many technologies and platforms that have engaged the media industry. As both the media landscape and technology continue to evolve, we believe we can create a more informed world if technologists and journalists work together -- and we’re excited to be part of the effort." Reference Link
06:14 EDTGOOGGetty filed a complaint against Google to EU earlier this year, WSJ reports
Getty Images complained earlier this year to European antitrust authorities that Google unfairly favors its image search service over rivals, the Wall Street Journal reports. The European Commission told Getty in early June that its concerns were valid and added Getty as an “interested third person” in its search manipulation case against the search giant, according to a document reviewed by the Wall Street Journal. Reference Link
06:05 EDTINTCIntel pushing into SSD market and hope to surpass Samsung in 2016, DigiTimes says
Intel (INTC) is looking to push into the SSD market with its newest 750 series SSDs with technology able to enhance the transmission speed, reports DigiTimes. According to sources from the upstream supply chain, the company is also offering price cuts on its existing products in order to narrow its gap with the largest vendor Samsung (SSNLF). Sources also expect Intel to draw near to Samsung in 2H15 and may even have a chance to surpass Samsung in 2016. Reference Link
06:05 EDTINTCNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
June 22, 2015
18:22 EDTGOOGGoogle offers sign-ups to test GoPro virtual reality prototype
Google (GOOG) has created a sign-up page to allow "creators" -- taken to mean video content creators -- to test its "Jump" virtual reality platform. Jump uses 16 GoPro (GPRO) cameras to create virtual reality video "that you can step inside of." Content creators selected by Google will get access to the platform beginning this summer. Reference Link
14:42 EDTGOOGOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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12:12 EDTGOOGUS Supreme Court rejects Google patent appeal over Street View, Reuters says
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09:40 EDTGILD, INTCActive equity options trading on open
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08:35 EDTINTCKopin divests interest in Recon Instruments
Kopin (KOPN) said it had divested its equity interest in Recon Instruments as part of Intel Corporation’s (INTC) acquisition of Recon. Kopin anticipates that it will receive approximately $6M in cash proceeds for its equity interest, subject to certain closing conditions including a working capital adjustment.
08:02 EDTGOOGTransphorm announces new $70M investment led by KKR
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07:31 EDTGOOGFacebook catching up to YouTube in video ads, Reuters says
Facebook (FB) is gaining market share on Google's (GOOG) YouTube in online video advertising, reports Reuters, citing a published Ampere Analysis report. Reference Link
June 21, 2015
16:32 EDTINTCAMD considers spinoff or break-up, Reuters says
AMD (AMD) has hired a consulting firm to help it review a potential split or spinoff, Reuters reported late Friday, citing three people familiar with the matter. Reuters notes that AMD may be seeking to better compete with Intel (INTC), and sources said one option being considered is to separate AMD's server business from its graphics and licensing arm. Though the company had previously decided against such an option, sources noted that CEO Lisa Su believes the move is worth reconsidering. Reference Link
14:49 EDTGOOGRaven shares may rally in next couple years, Barron's says
The recent selloff in Raven (RAVN) shares "looks like an opportunity," and the company's stock could rally over the next couple years, Barron's contends in its 'Sizing Up Small Caps' column. Barron's notes that the company has partnered with Google (GOOG) to develop high-altitude balloons for the experimental Project Loon, which, if expanded into a full project, could signal a boost for Raven. Reference Link
June 19, 2015
16:00 EDTGILDOptions Update; June 19, 2015
iPath S&P 500 VIX Short-Term Futures up 11c to 18.21, Option volume leaders: AAPL TWTR BAC T FB GILD NFLX BABA AAL MU AMZN
14:49 EDTGOOGEU sends charge sheet to Google, demands search changes, WSJ reports
The European Union sent a formal charge sheet to Google in April, within which it demands changes to the way Google ranks rival shopping services in its general search results that go far beyond the company's own proposal last year to settle the concerns, said The Wall Street Journal, citing three people familiar with the matter. Reference Link
12:53 EDTGOOGEU demands Google make changes in new charge sheet, DJ reports
10:32 EDTGOOGTwitter calls active on renewed takeover chatter
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10:22 EDTGOOGRumor: Twitter active on rewewed takeover chatter by Google
Shares or Twitter (TWTR) are moving higher amid renewed speculation Google (GOOG) may make a bid for the company.
07:44 EDTGOOGTamr receives $25.2M in financing from HP Ventures, Thomson Reuters, others
Tamr announced that it has raised $25.2M in Series B financing from Hewlett Packard Ventures (HPQ); Thomson Reuters (TRI); MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company and others. Current Tamr investors NEA and Google Ventures (GOOG) also participated in the round. Tamr will use the funds to significantly grow sales as well as product engineering for Tamr’s scalable data unification platform.
07:26 EDTGOOGOxford Sciences raises GBP320M from Dunstone, Google Ventures, Telegraph says
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06:40 EDTGILDPatent linked to Gilead's Solvadi rejected by China, Reuters reports
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06:26 EDTINTCIntel CEO confirms recent reports of layoffs, The Oregonian reports
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06:17 EDTGOOGEU gives Google critics one month to remark on antitrust charges, Reuters says
European Union antitrust regulators have sent copies of their charges against Google (GOOG) to critics of the company and given them a month to comment on the charges, Reuters reports, citing one of the complainants. Google has been accused by many companies of abusing its market power and cheating consumers and rivals by tweaking search results to favor its shopping service, the report says. 19 companies, including Microsoft (MSFT) and TripAdvisor (TRIP), are expected to receive the EU charge sheet, Reuters says. Reference Link
June 18, 2015
13:02 EDTGOOGWorldwide wearables market forecast to grow 173.3% in 2015, IDC says
The wearables market maintained its upward trajectory in the first quarter of 2015 as new vendors, including Apple (AAPL), prepared to enter the market. A new forecast from the International Data Corporation, IDC, Worldwide Quarterly Wearable Device Tracker estimates that 72.1M wearable devices will be shipped in 2015, up a strong 173.3% from the 26.4 million units shipped in 2014. Shipment volumes are expected to experience a compound annual growth rate, CAGR, of 42.6% over the five-year forecast period, reaching 155.7M units shipped in 2019. "We expect smart wearables, those capable of running third party apps, to take the lead in 2016," added Ubrani. "Smart wearables like the Apple (AAPL) Watch and Micosoft's (MSFT) Hololens are indicative of an upcoming change in computing, and the transition from basic to smart wearables opens up a slew of opportunities for vendors, app developers, and accessory makers." Other companies that have been mentioned in the wearable tech group include Google (GOOG), GoPro (GPRO) and Fitbit (FIT). Reference Link
11:12 EDTGOOGGoogle acquired 'app streaming' startup Agawi last fall, The Information says
Google quietly acquired "app streaming" startup Agawai last fall, The Information reports. The startup's technology lets people access apps on their smartphone without downloading them. Reference Link
10:20 EDTGOOGGoogle in talks for combined Dunnhumby bid, Sky News reports
Google (GOOG) is in talks with buyout firm Permira regarding a possible combined bid for Tesco (TSCDY) unit Dunnhumb, Mark Kleinman of Sky News reports. Reference Link
08:04 EDTGOOGGoogle accelerating pace of cloud product innovation, says Baird
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07:36 EDTGILDReceptos remains an attractive takeover candidate, says Leerink
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06:48 EDTGOOGGoogle, Microsoft, Mozilla announce WebAssembly partnership, TechCrunch says
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06:19 EDTGOOGGoogle, Ingenico Group team up to facilitate cross-border e-commerce
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05:56 EDTINTCIntel to debut Skylake at Gamescon in early August, DigiTimes reports
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