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Stock Market & Financial Investment News

News Breaks
February 5, 2013
10:27 EDTHPQ, DELLHewlett-Packard buyout unlikely to follow Dell, analyst contends
HP (HPQ) is unlikely to carry out a leveraged buyout, or LBO, similar to the transaction that Dell (DELL) is undertaking, Jefferies analyst Peter Misek wrote in a note to investors earlier today. It's unlikely that anyone would take as large a stake in HP as Michael Dell took in his company, according to the analyst. Dell announced earlier this morning that it had agreed to sell itself to Michael Dell and investment firm Silver Lake for $13.65 per share. Michael Dell "will maintain a significant equity investment in Dell," and will make an additional cash investment in it, the company said. Based on the valuation that Dell's shareholders received, HP would be worth $12.50-$13.50 in an LBO, Misek wrote. Dell's willingness to take a large stake in his company is a key reason why that deal was able to occur, Misek contended. Meanwhile, the analyst expects HP to report significantly lower than expected earnings per share in fiscal year 2013, and he maintained a $10 price target and Underperform rating on the shares. In mid-morning trading, HP was flat at $16.21.
News For HPQ;DELL From The Last 14 Days
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April 24, 2015
18:23 EDTHPQHP awarded $469M government contract
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April 23, 2015
11:31 EDTHPQOptions with increasing implied volatility
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April 22, 2015
13:39 EDTHPQAnalyst warns competition growing in 3D printing space
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11:08 EDTHPQOptions with increasing implied volatility
Options with increasing implied volatility: CZR FMSA PSEC CSX AEO CRM BBY SPLS HPQ DTV
April 21, 2015
11:16 EDTHPQOptions with increasing implied volatility
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09:37 EDTHPQHP sells Snapfish to District Photo ahead of seperation
HP announced a definitive agreement to divest Snapfish, its photo storage and merchandising business. District Photo will acquire the Snapfish business, including technology assets and employees. After the transaction closes, HP will maintain a partnership with Snapfish. Snapfish will continue to use HP printing solutions, and HP will provide the HP Connected Photo application developed by Snapfish on HP consumer PCs, including the Sprout computing platform, the company said. HP expects the transaction to close in the second half of FY15. Financial terms of the deal were not disclosed. It added, "The divestiture is consistent with HPs strategy to focus the organization following HPs previously announced separation."
08:04 EDTHPQHP, FireEye announce partnership
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05:56 EDTHPQStocks with implied volatility movement; CNX HPQ
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April 15, 2015
07:58 EDTHPQTsinghua confirms talks for controlling stake in HP unit in China, WSJ reports
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05:10 EDTHPQHP selects Antonio Lucio as Chief Marketing Officer of HP Inc.
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April 14, 2015
07:47 EDTHPQHP announces new $190M Medicaid contract in Arkansas
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April 13, 2015
19:43 EDTHPQHP reaffirms commitment to the public cloud
In a blog post on HP's website, senior VP Bill Hilf said, "In the past week, a quote of mine in the media was interpreted as HP is exiting the public cloud, which is not the case." Reference Link

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