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Stock Market & Financial Investment News

News For GOOG;MSFT;CSCO From The Last 14 Days
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June 30, 2015
10:42 EDTCSCOCisco strengthens security story with OpenDNS buy, says Wells Fargo
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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 EDTMSFTActive 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 EDTGOOG, MSFTMicrosoft deal with AOL for Bing doesn't move needle, says Citi
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08:04 EDTCSCOCisco to acquire OpenDNS for $635M
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07:13 EDTCSCONasdaq to hold a conference
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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
06:11 EDTCSCOCisco, Schneider Electric partner to build resilient control system networks
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05:59 EDTMSFTGartner: 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
05:32 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
17:36 EDTMSFTAMD up 3.4% after Microsoft reportedly interested in buying chipmaker
17:33 EDTMSFTMicrosoft interested in AMD, KitGuru reports
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16:46 EDTMSFTMicrosoft, AOL expand global enterprise-level partnership
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16:00 EDTMSFTOptions Update; June 29, 2015
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14:42 EDTMSFTMicrosoft to sell some mapping assets to Uber, TechCrunch reports
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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
10:54 EDTGOOGGoogle denied appeal by U.S. Supreme Court in Oracle copyright case
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09:35 EDTCSCOActive equity options trading on open
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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
06:07 EDTMSFTWindows 10 not leading to new notebook panel surge, DigiTimes reports
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06:05 EDTMSFTNotebook demand expected to be weaker than expected in 2H15, DigiTimes reports
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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
16:17 EDTMSFTInterDigital: ITC to review RID involving Nokia and Microsoft
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16:16 EDTMSFTOn The Fly: Top stock stories for Friday
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16:00 EDTMSFTOptions Update; June 26, 2015
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12:23 EDTMSFTMicrosoft says revenue recognition method will remain unchanged for Windows 10
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10:00 EDTGOOGOn The Fly: Analyst Initiation Summary
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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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06:04 EDTMSFTMicrosoft, NASA teaming up to develop Sidekick
NASA and Microsoft are teaming up to develop Sidekick, a new project using commercial technology to empower astronauts aboard the International Space Station. Sidekick uses Microsoft HoloLens to provide virtual aid to astronauts working off the Earth, for the Earth. A pair of the devices is scheduled to launch on SpaceX’s seventh commercial resupply mission to the station on June 28. The goal of Sidekick is to enable station crews with assistance when and where they need it. This new capability could reduce crew training requirements and increase the efficiency at which astronauts can work in space. The Sidekick project is part of a larger partnership formed by NASA and Microsoft to explore applications of holographic computing in space exploration. Earlier this year, NASA and Microsoft announced a collaboration to develop software called OnSight, a new technology that will enable scientists to work virtually on Mars using the same HoloLens technology. NASA’s Jet Propulsion Laboratory in Pasadena, California, led the development of Sidekick and OnSight. NASA’s Johnson Space Center in Houston led testing and certification of Sidekick for use onboard the space station.
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 EDTMSFTMicron 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).
17:26 EDTMSFTMicrosoft CEO Satya Nadella lays out new mission statement, GeekWire reports
Microsoft CEO Satya Nadella emailed a new mission statement to employees companywide on Thursday morning, which was obtained by GeekWire. It reads, in part, "I believe that culture is not static. It evolves every day based on the behaviors of everyone in the organization. We are in an incredible position to seize new growth this year. We will need to innovate in new areas, execute against our plans, make some tough choices in areas where things are not working and solve hard problems in ways that drive customer value." Reference Link
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.
07:23 EDTCSCOHouse Energy & Commerce Committee to hold a hearing
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06:31 EDTGOOG, MSFTMicrosoft 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 EDTMSFT, GOOGGoogle, GE, Airbus lead in sheer number of meetings with EU officials
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12:27 EDTGOOGHBO to offer free episodes of 'Ballers', 'The Brink' on Facebook, Variety says
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10:36 EDTMSFTElectronic Arts advances after analysts positive on E3 showing
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09:35 EDTMSFTActive 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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08:31 EDTCSCOInvestors should weigh waiting for better Arista entry point, says Pacific Crest
Pacific Crest says that Arista's (ANET) new Cloudvision software should have only a minor impact on its 2H15 results. The firm recommends that investors consider waiting for a lower entry point before buying the stock. The firm thinks that such an entry point could materialize during the company's trial versus Cisco (CSCO) this summer. It keeps an $88 price target and Overweight rating on Arista..
06:07 EDTMSFTJefferies says PC market to stay 'lower for longer'
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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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12:54 EDTMSFTPC 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.
08:04 EDTCSCONRG Renew to develop 20MW solar energy facility for Cisco
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07:41 EDTCSCORed 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
07:33 EDTCSCOBlackBerry, Cisco sign broad patent cross-licensing agreement
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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 EDTMSFTMicrosoft may charge extra licensing fees for high-end notebooks, DigiTimes says
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06:05 EDTMSFTNo 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
06:04 EDTMSFTOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
05:56 EDTMSFTEarnings Watch: Analyst says BlackBerry's FY16 targets looking 'unttainable'
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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 EDTGOOG, MSFTOculus 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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08:08 EDTCSCORed Hat names Frank Calderoni as EVP, operations, CFO
Red Hat (RHT) announced that Frank Calderoni will join the company as EVP, operations and CFO. Calderoni will be responsible for leading the company’s global finance organization and the leadership and management of IT and operations teams, reporting to Red Hat president and CEO, Jim Whitehurst. Calderoni served as EVP and CFO at Cisco Systems (CSCO) for seven years and most recently served as an executive advisor. Calderoni succeeds Red Hat executive vice president and CFO Charlie Peters, whose planned retirement was announced in December 2014, and who will remain with Red Hat until July 31. Calderoni joins Red Hat on June 22, 2015, and will succeed Peters as CFO effective July 13, 2015.
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
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
14:44 EDTMSFTFitbit shares likely to see 'typical IPO' subpair gains, Barron's says
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June 19, 2015
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.
08:06 EDTMSFTMicrosoft Azure its key to the cloud, says UBS
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07:51 EDTMSFTGameStop CFO says 'blown away' by Microsoft virtual reality demonstration
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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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06:22 EDTMSFTMicrosoft to offer more Lumia phones through U.S. carriers, Re/code reports
Microsoft (MSFT) will be offering more of its Lumia smartphones through U.S. wireless carriers, Re/code reports. Beginning next week, the company’s Lumia 640 XL smartphone will be available through AT&T (T) for around $250, the report says. The Lumia 735 will begin selling through Verizon (VZ) at around $200, Re/code reports. Reference Link
06:17 EDTGOOG, MSFTEU 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
16:54 EDTCSCOCisco announces stock trading plans for executives
On June 12, John T. Chambers, Chairman and CEO of Cisco, adopted a pre-arranged stock trading plan to (i) exercise up to 1,775,000 Cisco stock options set to expire in September and November of 2016, and sell the acquired shares of Cisco stock, and (ii) sell up to 500,000 shares of Cisco stock from other shareholdings. The plan is scheduled to terminate in September 2016. On June 17, Charles Robbins, incoming CEO of Cisco, modified a pre-arranged stock trading plan originally entered into and disclosed in March 2015. Sales under the modified portion of the plan may begin in September 2015. Under the plan, Mr. Robbins may (i) exercise up to 42,000 Cisco stock options set to expire in September 2016, and sell the acquired shares of Cisco stock, and (ii) sell up to 90,000 shares of Cisco stock from other shareholdings. The plan is scheduled to terminate in December 2015.
13:02 EDTGOOG, MSFTWorldwide 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
09:31 EDTCSCOCisco plans to make $60M investment in India, Economic Times reports
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08:04 EDTMSFT, GOOGGoogle accelerating pace of cloud product innovation, says Baird
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07:55 EDTCSCONimble Storage downgraded to Hold from Buy at Wunderlich
Wunderlich downgraded Nimble Storage (NMBL) to Hold citing the recent appreciation in shares, which the firm attributes to "heightened awareness of acquisition potential." The firm views Nimble as a "nice fit" for Cisco (CSCO), but believes some amount of a takeover premium is priced into the stock. It keeps a $33 price target for shares.
06:48 EDTMSFT, GOOGGoogle, Microsoft, Mozilla announce WebAssembly partnership, TechCrunch says
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06:41 EDTMSFTMicrosoft's Jo Harlow leaves company in realignment, The Verge reports
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06:19 EDTGOOGGoogle, Ingenico Group team up to facilitate cross-border e-commerce
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06:10 EDTMSFTMicrosoft writedown for Nokia now more likely, says Jefferies
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June 17, 2015
16:12 EDTCSCOCrossroads Systems updates on patent litigation after Markman hearing
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14:34 EDTGOOGGoogle's Nest announces redesigned, refreshed product line
Google's Nest Labs announced refreshes and redesigns across the company’s entire product portfolio, including the introduction of Nest Cam, the second generation Nest Protect, new features for the Nest Learning Thermostat, and a new app. Nest Cam is a 1080p camera featuring a stand as well as improved motion alerts and night vision, offering live video streaming to a phone or computer to keep an eye on the home while the Nest user is away. Cam users can also subscribe to Nest Aware with Video History for an additional monthly fee to gain access to video history, alert summaries, advanced motion sensing, and more. Also, Nest is piloting the ability for YouTube creators to stream directly to YouTube Live from Nest Cam. Nest Protect is the company's second generation smoke and carbon monoxide alarm, offering a custom, split-spectrum sensor that uses two wavelengths of light to look for different types of fires. Building on Nest’s energy partner program, Nest is partnering with home insurance companies to help Nest Protect users save money on home insurance policies. Through Nest Safety Rewards, a participating Nest insurance partner may offer a discount on a Nest user's annual premiums. American Family and Liberty Mutual Insurance are the first insurance partners to provide offers as part of Nest Safety Rewards. Separately, the updated Nest Learning Thermostat has the capability to notify customers when temperatures drop to help avoid frozen pipes, and it also adds new integrations with other Nest products. Finally, the redesigned Nest app 5.0 brings together all three Nest products across multiple platforms. Nest Cam is available for immediate purchase with a suggested retail price of $199. It will begin shipping this month. The camera is set to launch next month in Belgium, France, Ireland, Netherlands, and the U.K. Nest Aware with Video History can be purchased as a 10-day or 30-day subscription for $10 or $30 per month, respectively. Nest Protect is available for immediate purchase for a suggested retail price of $99, and will begin shipping next month. Nest app 5.0 is available in the Google Play Store and iOS App Store. Nest Learning Thermostat software 4.5 will begin rolling out immediately and will take up to two weeks to reach all Nest customers.
10:58 EDTGOOGGoogle announces cross-device measurement for all DoubleClick products
Google announced that cross-device measurement is coming to all of its DoubleClick advertiser products, so marketers can measure conversions that start as a click on one device and end with a conversion on another for all their campaigns across the web, not just with the ads they buy from Google. Reference Link
10:11 EDTMSFTMicrosoft aligns engineering team, Chief Insights Officer to leave
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09:48 EDTCSCOCisco to invest $10B in China innovation and development
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09:46 EDTMSFTJefferies to hold company meetings at E3 Expo
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08:25 EDTCSCOCisco to participate in a tech talk with SunTrust
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06:34 EDTGOOGGoogle's former head of Maps to join Uber, Re/code reports
Brian McClendon, the former head of Google Maps and a 10-year company veteran, will join Uber to oversee the company's new Advanced Technologies Center out of Pittsburgh, Re/code reports. McClendon will help guide Uber’s mapping, self-driving car and vehicle safety initiatives, the report says. Reference Link
June 16, 2015
19:47 EDTMSFTXbox chief says digital game sales 'really strong,' WSJ reports
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19:38 EDTGOOGNext Google Nexus may have 3D camera, BGR says
Google is working on two Nexus handsets and LG's is testing a 3D camera for its model, reports the Boy Genius Report. Reference Link
14:47 EDTGOOGBanking sources say Twitter open to potential sale, Gasparino says
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13:56 EDTGOOGTwitter hits 52-week low after MKM downgrades on user growth concerns
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12:04 EDTMSFTBox enhances integration with Microsoft Office Online
Box (BOX) announced a deep integration with Microsoft (MSFT) Office Online that will transform collaboration for joint customers. The company added, "Today’s update extends the reach of Box’s powerful integrations with Office 365 for the desktop, Office on iOS and Outlook, and demonstrates Box’s commitment to the Office 365 Cloud Storage Partner Program." “Box and Microsoft are working together to help businesses and individuals be more productive, collaborative and successful,” said Kirk Koenigsbauer, corporate vice president for Office at Microsoft. “We're thrilled about this latest offering to give our joint customers more choice and simplicity for how they work together with documents and digital content.” The Box integration with Office Online will enable users to easily browse, open and edit Office Online files directly from Box, as well as automatically save all changes made in Office Online back to Box in real-time. Together, these enhancements eliminate the need to upload or download files or move back-and-forth between applications, simplifying workflows and mitigating the security risks that come with locally stored content.
09:46 EDTMSFTMicrosoft to encrypt all search traffic by default
Microsoft's Bing has announced that it will encrypt its search traffic by default. Bing has already been offering users the option to encrypt search traffic for about a year and a half now. Beginning this summer, Bing will begin the process of encrypting search traffic by default. With the move to encrypted search by default Bing will continue to pass along a referrer string so that marketers and webmasters will be able to identify traffic as coming from Bing. However, to further protect users’ privacy, Bing will not include the used query terms. Reference Link
09:36 EDTCSCOActive equity options trading on open
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07:51 EDTGOOGTwitter downgraded to Neutral at MKM Partners on stalled user growth
As previously reported, MKM Partners analyst Rob Sanderson downgraded Twitter (TWTR) to Neutral from Buy, noting that growth in its user base is stalling out and he sees no catalyst for sentiment to improve in the next two quarters, besides a possible bid from Google (GOOG). Sanderson thinks the company's CEO search brings with it some uncertainty and likely delays user experience improvements, unless Jack Dorsey takes over full-time, but that would require him to give up his CEO post at Square. The firm lowered its estimates on Twitter and cut its price target on the shares to $39 from $57.
06:27 EDTMSFTMicrosoft opens branded store on Indian e-commerce platform Snapdeal
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06:01 EDTGOOGNeal Mohan not leaving Google for Dropbox, Re/code reports
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05:52 EDTGOOGStocks with implied volatility movement; GOOG VXX
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