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Stock Market & Financial Investment News

News Breaks
June 9, 2014
18:13 EDTIBM, HPQHP to challenge IBM in high-end supercomputer space, WSJ reports
Hewlett-Packard( HPQ) intends to challenge IBM (IBM) in the high-end supercomputer space under the Apollo brand, The Wall Street Journal reports. Reference Link
News For HPQ;IBM From The Last 14 Days
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July 31, 2015
11:47 EDTHPQStocks with call strike movement; LNKD HPQ
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July 30, 2015
16:00 EDTHPQOptions Update; July 30, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 16.05. Option volume leaders: AAPL FB SPLS X TWTR BAC NFLX MU CHK BIDU WFM HPQ LNKD MDLZ XOM
06:48 EDTIBMCVS Health announces partnership with IBM Watson
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05:51 EDTHPQStocks with implied volatility above IV index mean; ZNGA HPQ
Stocks with implied volatility above IV index mean; Zynga (ZNGA) 66, Hewlett-Packard (HPQ) 36 according to iVolatility.
July 29, 2015
14:12 EDTHPQEarnings Watch: Hard drive makers report amid PC sector fears
Western Digital (WDC) and Seagate (STX) are expected to report quarterly results on July 29 and 31 with conference calls scheduled for 5:00 pm ET and 9:00 am ET, respectively. The two companies develop and manufacture computer storage solutions, including hard disk drives. EXPECTATIONS: Analysts are expecting Western Digital to report earnings per share of $1.45 on revenue of $3.25B, while Seagate is expected to report earnings per share of 64c on revenue of $2.92B. During its last earnings conference call, Western noted a "cautious" near-term outlook and forecast Q4 EPS to be $1.50-$1.60 on revenue of $3.3B-$3.4B. PRELIMINARY RESULTS: On July 13, Seagate reported preliminary Q4 revenue of $2.9B, adjusted gross margins of 27%, and 45M unit shipments, driven by what the company characterized as "lower than expected intra-quarter demand." The company had previously guided Q4 revenue to $3.2B-$3.3B, and analysts were looking for $3.19B in revenue at the time. LAST QUARTER: On April 17, Seagate reported Q3 adjusted EPS of $1.08 against expectations for $1.04, and revenue of $3.3B versus estimates of $3.4B. Following that, Western Digital reported Q3 EPS of $1.87 on April 28 versus estimates of $1.89, and revenue of $3.5B against expectations for $3.6B. NEWS: On May 1, Seagate announced plans to combine its Cloud Systems and Electronic Solutions groups, and on July 14, the company said it extended its alliance with HP (HPQ). STREET RESEARCH: On May 15, RBC called Western Digital shares "compelling" due to multiple near-term positive catalysts, though Morgan Stanley said on May 19 that it was just "cautiously optimistic" on Western because of softened growth expectations for the general PC market. On May 28, Goldman Sachs called fears of PC weakness overdone and upgraded Western Digital to Buy, saying the company's increasingly enterprise-heavy mix gives it a healthy long-term profit forecast. On June 12, Longbow reported that its hard drive price checks were not quite as bad as it had feared, adding that Western Digital's guidance appears achievable while Seagate's forecast appeared at risk. Heading closer to earnings, Citi said on July 2 that it expects somewhat weak quarterly results for the two hard drive giants but recommended buying both Western Digital and Seagate shares on any perceived post-earnings weakness. Stifel somewhat echoed that point on July 8, saying investor sentiment seemed overly negative towards Western, with traders potentially underestimating the company's shift towards enterprise products. Note that on July 23, Morgan Stanley said its June CIO survey indicated incremental enterprise IT budget weakness, leading the research firm to downgrade Western Digital to Equal Weight and drop Seagate two notches to Underweight. On the M&A front, Susquehanna said on May 29 that SanDisk (SNDK) remained an attractive takeover target, with Western Digital looking like a likely buyer. However, RBC and CLSA both raised doubts on June 5 about the possibility of such a deal. PRICE ACTION: Shares of Western Digital are up 1.34% to $78.83 ahead of Wednesday's report, while Seagate is up 0.84% to $49.28.
10:01 EDTHPQBox names Paul Chapman as Chief Information Officer
Box (BOX) announced that 25-year IT industry veteran Paul Chapman has joined the company as its Chief Information Officer, responsible for driving a broad range of IT initiatives to support the companyís more than 1,200 employees worldwide and customer base of 47,000 organizations. Chapman was most recently CIO of HP Software for Hewlett-Packard Company (HPQ).
09:07 EDTIBMIBM partners with Rochester Institute of Technology in cybersecurity lab
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July 28, 2015
16:24 EDTHPQHP to acquire Stackato business from ActiveState
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15:15 EDTIBMIBM says may see $250M pre-tax charge due to U.K. pension case
In a regulatory filing, IBM disclosed that proceedings to determine remedies in IBM UK's legal proceedings in London against the IBM UK Pensions Trust were held in July 2014, and in February 2015 the High Court held that for IBM to make changes to accruals under the plan would require a new consultation of the participants, but other changes, including to early retirement policy, would not require such consultation. IBM UK has appealed both the breach and remedies judgments and a decision is not expected until at least 2016. If the appeal is unsuccessful, the Courtís rulings would require IBM to reverse the changes made to the UK defined benefit plans retroactive to their effective dates. This could result in an estimated non-operating one-time pre-tax charge of approximately $250M, plus ongoing defined benefit related accruals. In addition, IBM UK is a defendant in approximately 290 individual actions brought since early 2010 by participants of the defined benefits plans who left IBM UK. These actions, which allege constructive dismissal and age discrimination, are pending before the Employment Tribunal in Southampton UK, IBM stated.
12:02 EDTHPQMicron, Intel to discuss technology similar to HP memristor, Hesseldahl says
Arik Hesseldahl of Re/code said on Twitter: "Intel and Micron are going to disclose technology similar to HP's memristor technology. It will be called: 3D XPoint" Reference Link
06:04 EDTHPQStocks with implied volatility above IV index mean; TWTR HPQ
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July 27, 2015
12:30 EDTIBMIBM invests $60M over three years in African Skills Initiative
IBM announced an investment of $60M over three years to develop the next generation of technical talent in Africa. As part of the initiative, IBM is expanding the Africa Technical Academy and the company's Africa University Programme to over 20 African countries. IT professionals across the continent are set to benefit with advanced skills in analytics, cloud and big data technologies which are crucial to the next phase of Africa's economic and social development. The courses are available at no cost and are facilitated by both IBM online trainers and certified faculty in the participating universities.
11:37 EDTHPQStratasys upgraded to Buy with $45 price target at Dougherty
Before the open, Dougherty analyst Andrea James upgraded Stratasys (SSYS) to Buy from Neutral and set a $45 price target on the stock, noting that the firm's North American channel checks indicate the sales climate has improved since the stock was downgraded in April. James also said that the pullback in the stock over that time frame leaves it trading at a "historically low P/E multiple" and that the firm believes HP (HPQ) will compete more directly with others in the 3D space than it will with Stratasys.
July 26, 2015
14:44 EDTIBM, HPQAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 24, 2015
16:30 EDTIBMStocks end week lower as Apple headlines busy week of earnings
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14:01 EDTHPQHP granted approval for shareholder settlement on Autonomy, Bloomberg reports
05:45 EDTHPQStocks with implied volatility movement; EXXI HPQ
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July 23, 2015
12:01 EDTIBMIBM acquires Compose, terms not disclosed
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11:54 EDTHPQOptions with increasing call volume
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07:58 EDTHPQBrean Capital maintains Buy on EMC due to activist, merger potential
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