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July 14, 2014
08:34 EDTHPQ, MSFT, WDC, STX, INTC, SNXPC market stability could be short-lived, Reuters says
Improved personal computer demand could be fleeting, as emerging markets remain weak and recent corporate upgrades in the U.S. and Europe may be short-lived, said Reuters, pointing to a warning earlier this month from SYNNEX (SNX) CEO Kevin Murai, who warned that increased demand was already waning from companies buying new computers to upgrade after Microsoft (MSFT) stopped supporting Windows XP. Stocks that are levered to PC demand other than SYNNEX and Microsoft include HP (HPQ), Intel (INTC), Western Digital (WDC) and Seagate (STX). Reference Link
News For HPQ;MSFT;WDC;STX;INTC;SNX From The Last 14 Days
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August 13, 2014
17:38 EDTINTCAvago to sell Axxia Networking Business to Intel for $650M
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14:54 EDTMSFTEarnings Preview: Cisco reports following Deutsche upgrade, Pac Crest downgrade
Cisco Systems (CSCO) is scheduled to report fourth quarter results after the market close on Wednesday, August 13, with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 53c on revenue of $12.14B, according to First Call. The consensus range for EPS is 51c-54c on revenue of $11.8B-$12.25B. Along with its last quarterly report, Cisco guided to Q4 adjusted EPS of 51c-53c and said it expects its revenue to be down 1% to 3% in the quarter compared to the prior year. At that time, the company also said it sees its FY14 adjusted EPS to come in at the higher end of its previously communicated $1.95-$2.05 range. LAST QUARTER: On May 14, Cisco reported third quarter adjusted EPS of 51c, beating the consensus analyst forecast of 48c. It's revenue came in at $11.5B, topping the $11.38B consensus forecast. Cisco reported a Q3 adjusted gross margin of about 62.7%. NEWS: On June 17, Cisco announced its intent to acquire privately held Tail-f Systems, whose products help service providers and enterprise IT organizations easily and cost-effectively implement applications, network services and solutions across networking devices. Upon completion of the acquisition, which is expected to be complete in Q4, Tail-f employees will join Cisco's Cloud and Virtualization Group. About two weeks later, tech blog Gigaom reported that Cisco has acquired British firm Assemblage for technology that uses real-time collaboration that does not require the user to download programs or plug-ins. On July 15, Cisco announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets, the companies stated. STREET RESEARCH: On May 21, Northland said that after speaking with Cisco's management and attending Cisco Live, the firm believed that the company is taking share form Arista Networks (ANET), which has since come public. The firm added that it did not believe that Juniper (JNPR) has gained traction in data center switching and it recommended Cisco as a cyclical recovery play and a relative bargain to peers. About a week later, Deutsche Bank upgraded its rating on Cisco shares to Buy from Hold, citing expectations that the company's new product ramps in FY15 and FY16 will be stronger than expected. Deutsche said then that it saw upside to consensus estimates and raised its price target for Cisco shares to $30 from $25. On July 28, Pacific Crest downgraded its rating on Cisco shares to Sector Perform from Outperform, citing valuation and concern that the company's margin expansion could moderate in 2015. The firm believes Cisco shares are fairly valued at $26. Less than a week ago, Morgan Stanley said its checks indicate the enterprise market is improving. The firm said it expects Cisco's outlook to be conservative and said concerns over rapid software-defined networking adoption and margin impact are overblown. Morgan Stanley has an Overweight rating with a $30 price target on Cisco. PRICE ACTION: In the last three months, Cisco has advanced about 9.5%. In afternoon trading ahead of tonight's report, Cisco shares are down 0.5% to $25.01.
07:55 EDTHPQHP free cash flow upside thesis intact, says Brean Capital
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05:59 EDTINTCIntel could invest up to $100B in Oregon over 30 year period
Washington County, a political subdivision of the State of Oregon, the City of Hillsboro, a municipal corporation, and Intel have entered into a strategic investment program agreement. The SIP application requested that Intel and the County enter into a SIP Agreement to provide a framework for potential additional Intel investment in Oregon of up to $100B over a 30 year period commencing around the time when the current SIP agreement between Intel and the County approaches or reaches the limits of its current investment ceiling. In general terms, Intelís investment will consist primarily of proposed investments in semiconductor manufacturing equipment and facilities to promote job retention of its semiconductor manufacturing and semiconductor technology development work force. Reference Link
August 12, 2014
13:36 EDTSTXSeagate sees strong enterprise demand in 2H, says Pacific Crest
13:19 EDTMSFTSony says 10M PS4 consoles have been sold since launch, TechCrunch reports
Sony has sold 10M units of the PlayStation 4 consoles to consumers since its launch last year, TechCrunch reports, citing comments made by Sony Computer Entertainment Europe CEO Jim Ryan at Gamescom 2014. Reference Link
10:31 EDTHPQEx-Autonomy CFO accuses HP of agreement cover-up, Re/code says
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August 11, 2014
15:24 EDTHPQBloomberg to hold a summit
Silicon Valley 2014 Cybersecurity Summit to be held in Palo Alto, California on August 12.
15:19 EDTMSFTMicrosoft schedules event likely focused on Lumia phones, WMPoweruser says
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06:35 EDTMSFTMicrosoft Devices unveils low-cost Nokia 130 phone
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August 10, 2014
18:44 EDTINTCIntel should see more gains, Barron's says
As Intel's revenues are expected to climb 5% this year, investors should expect more gains by the company's stock, Barron's argues in a follow up article. Reference Link
16:51 EDTINTCCourt rejects $324M settlement in tech hiring conspiracy, NYT says
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August 8, 2014
16:16 EDTINTCU.S. judge rejects Apple, Google antitrust hiring accord, Bloomberg reports
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12:01 EDTINTCAltisource names Juneja Chief Technology Officer
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11:51 EDTINTCNVIDIA rallies after Q2 quarter profit, Q3 revenue outlook top estimates
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08:42 EDTMSFTMicrosoft has made strong progress in cloud, says Pacific Crest
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08:32 EDTMSFTVMware, others could benefit from increased cloud adoption, says Pacific Crest
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August 7, 2014
06:33 EDTMSFTAnti-trust investigations in China reignite protectionism worries, Reuters says
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06:19 EDTMSFTMicrosoft in talks to open Fifth Avenue store, Daily News reports
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06:04 EDTINTCStocks with implied volatility below IV index mean; INTC SNDK
Stocks with implied volatility below IV index mean; Intel (INTC) 19, SanDisk (SNDK) 27 according to iVolatility.
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