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Stock Market & Financial Investment News

News Breaks
June 3, 2014
13:16 EDTLNVGY, HPQIDC raises 2014 PC shipment outlook to down 6% from down 6.1%
International Data Corporation said it expects worldwide PC shipments to fall 6.0% in 2014, a slight adjustment from the previous forecast of down 6.1%. "Mature regions benefitted primarily from a recovery surge in Western Europe while other mature regions performed modestly above expectations in the first quarter of 2014," IDC stated. "Emerging regions continued to see weak demand and difficult conditions, although the economic environment in Latin America had the largest impact," the research firm added. PC makers include HP (HPQ) and Lenovo Group (LNVGY).
News For HPQ;LNVGY From The Last 14 Days
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January 23, 2015
06:22 EDTLNVGYApple sees strong growth in Asian smartphone sales, CNBC says
Apple (AAPL) captured 33% of South Korea's smartphone market share in November, reports CNBC, citing Counterpoint Research. South Korean Samsung's (SSNLF) market share fell from 60% six months earlier to 46%. Apple also captured over 50% market share in Japan and saw a rise to 12% in China behind Lenovo (LNVGY) and Xiaomi. Reference Link
January 22, 2015
08:28 EDTLNVGYBank document shows Samsung still pursuing BlackBerry, Financial Post says
Samsung (SSNLF) continues to pursue acquisition of BlackBerry (BBRY), reports the Financial Post, citing an investment bank document and a source with knowledge of the plan. Prepared by Evercore Partners in 4Q14, the document hints at only a partial takeover, notes that Lenovo (LNVGY) may compete with Samsung for the company, cites BlackBerry's operating system and Messenger as potential divestitures, adds that Samsung could offset $50M in taxable income, and suggests Samsung start by approaching Fairfax Financial about acquiring a minority stake. Reference Link
January 21, 2015
08:03 EDTHPQHP PC market share, sales seem to have risen, says Argus
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05:53 EDTLNVGYTrendForce: Global smartphone shipments grew 26% in 2014, DigiTimes reports
Global smartphone shipments grew about 25.9% to 1.17B units, reports DigiTimes, according to TrendForce. Samsuing amanged to retain to the number one position, although its global market share dropped to 28% from 32.5% while Apple shipments grew to 24.5% market share compared to 16.6% last year. Reference Link
January 20, 2015
12:55 EDTHPQThousands of HP employees protest new China head, China Daily says
About 2,500 employees of HP's (HPQ) China based subsidiary, H3C Technologies, have signed a petition against HP's new China chairman, Mao Yu'nan, according to China Daily. The employees fear that Mao will endanger H#C's autonomy and torpedo an employee stock option plan that has been in the works for some time, the newspaper stated. Reference Link
11:13 EDTHPQHP looks to boost sales with specific tablets for professionals, Bloomberg says
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January 19, 2015
12:56 EDTHPQHP-Autonomy investigation closed by U.K.'s Serious Fraud Office
The Director of the Serious Fraud Office has closed the SFO's investigation into the sale of Autonomy to the Hewlett-Packard company in 2011. This investigation was commenced in early 2013, following a referral from HP.In respect of some aspects of the allegations, the SFO has concluded that, on the information available to it, there is insufficient evidence for a realistic prospect of conviction.In respect of other aspects and on the application of well-established principles, jurisdiction over the investigation has been ceded to the US authorities whose investigation is ongoing. Reference Link
January 16, 2015
06:10 EDTLNVGY, HPQGlobal notebook shipments to reach 46M units in Q4, DigiTimes Research says
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January 15, 2015
10:00 EDTLNVGYLenovo announces a strategic alliance with Zenoss
Lenovo announced a strategic alliance with Zenoss to help enterprises and service providers improve IT service reliability, responsiveness and operational efficiency. With this agreement, Lenovo and Zenoss will extend the Zenoss Resource platform by adding the ZenPack plug-in to Lenovo’s lineup of x86 servers.
06:55 EDTHPQHP removed from short-term buy list at Deutsche Bank
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January 14, 2015
06:14 EDTLNVGY, HPQMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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January 13, 2015
12:48 EDTHPQOn The Fly: Midday Wrap
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11:57 EDTHPQHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
10:00 EDTHPQOn The Fly: Analyst Downgrade Summary
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07:49 EDTLNVGYLenovo weighs IPO for small device unit, Bloomberg reports
Lenovo, whose new small device unit to be called Shenqi could be worth “a couple of billion dollars” when it begins selling smartphones and smart-home devices under its own brand, is considering taking the new unit public, reported Bloomberg, citing an interview with Lenovo CEO Yang Yuanqing in Beijing. Reference Link
06:44 EDTHPQHP downgraded to Sector Perform from Outperform at Pacific Crest
Pacific Crest downgraded HP (HPQ) to Sector Perform citing valuation and rising competitive risks from hyperconvergence and new datastores. The firm lists Tableau (DATA), F5 Networks (FFIV), lik Technologies (QLIK) and Nimble Storage (NMBL) as its top names to own in the Cloud, Analytics & Data Infrastructure space. Pacific Crest also downgraded also NetApp (NTAP) to Sector Perform citing the same rationale as HP.
January 12, 2015
16:50 EDTLNVGY, HPQGartner says worldwide PC shipments in Q4 grew 1%
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