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Stock Market & Financial Investment News

News Breaks
April 16, 2014
12:30 EDTLNVGY, IBMEarnings Preview: Cantor more upbeat than Citi on IBM ahead of report
International Business Machines (IBM) is expected to report first quarter earnings after the close on Wednesday, April 16, with a conference call scheduled for 4:30 pm ET. IBM, an information technology services and software company, is a member of the Dow Jones Industrial Average. EXPECTATIONS: Analysts are looking for earnings per share of $2.54 on revenue of $22.91B. The consensus range is $2.49-$2.62 for EPS on revenue of $22.21B-$23.19B, according to First Call. In response to a question on its Q4 earnings conference call, IBM said that an analyst's math which put the company's Q1 EPS coming in at $2.50 was "consistent with how we would see it as well." LAST QUARTER: IBM reported Q4 EPS of $6.13, beating the consensus estimate of $5.99. Revenue came in at $27.7B, trailing the consensus $28.25 projection. IBM reported Q4 software segment revenue grew 3% to $8.1B and that technology services revenue fell 4% to $9.9B. IBM also said its sees 2014 EPS of "at least" $18.00, which compared to consensus at the time of $17.97 and current consensus of $17.84. STREET RESEARCH: In a note to investors this morning, Cantor Fitzgerald analyst Brian White said that he expects IBM to meet the firm's $2.53 per share earnings estimate for the quarter. White added that he expects all of IBM's segments to decline sequentially due to seasonality, but also said that he believes IBM's profit cycle bottomed out in Q1 and that investors could "warm up" to the stock this year. Cantor has a Buy rating and $220 price target on shares of IBM. Yesterday, Citigroup downgraded its rating on IBM to Neutral from Buy, citing the stock's valuation. The firm lowered its price target for shares to $200 from $235. About a week ago, Deutsche Bank initiated coverage of IBM with a Hold rating and $200 price target. NEWS: On January 23, two days after its last quarterly report, IBM agreed to sell its x86 server business, including System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, to Lenovo (LNVGY) for about $2.3B in cash and stock. IBM will retain its System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, and PureApplication and PureData appliances. Within the next week, Re/code reported, citing sources, that IBM was exploring the sale of its product line focused on software defined networking, or SDN, that was not included in the sale to Lenovo. The company may be seeking as much as $1B for the assets, the report claimed. In February, Bloomberg said IBM was focused on finding a joint-venture partner for its chip-making unit after failing to find a buyer for the assets. The next month, IBM CEO Virginia Rometty reportedly stated in a letter to investors that the company is not exiting hardware entirely. Rometty wrote that "IBM will remain a leader in high-performance and high-end systems, storage and cognitive computing, and we will continue to invest in R&D for advanced semiconductor technology," as quoted by The Wall Street Journal. PRICE ACTION: In afternoon trading ahead of tonight's report, IBM is flat near $197 per share. IBM shares have risen 4.5% over the last three months.
News For IBM;LNVGY From The Last 14 Days
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March 27, 2015
05:57 EDTLNVGYReport: Lenovo separates mobile business unit by brand, DigiTimes says
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March 26, 2015
12:17 EDTIBMEarnings Preview: Analyst sees BlackBerry's revenue bottoming in Q4
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07:25 EDTIBMThe Economist to hold a forum
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06:05 EDTLNVGYIntel to partner with notebook makers for Chromebook 2-in-1s, DigiTimes says
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March 25, 2015
11:09 EDTIBMU.S. government seen as likely to disprove of IBM deal, WantChinaTimes reports
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05:52 EDTLNVGYSamsung set to lead smartphone market in 2015, DigiTimes Research reports
Samsung (SSNLF) is set to lead the smartphone vendor rankings in 2015, reports DigiTimes Research. Samsung and Apple (AAPL) is expected to ship 330M and 230M smartphones, respectively in 2015, while Lenovoy (LNVGY) is set to up its shipments to 84M units. Reference Link
March 23, 2015
16:35 EDTIBMRambus licenses patents and technology solutions to IBM, terms undisclosed
Rambus (RMBS) announced it has signed both patent and technology license agreements with IBM (IBM). The patent license agreement authorizes IBM to integrate Rambus memory controller and serial link interface technologies. The technology license agreement will have Rambus develop and deliver high-performance memory interface design IP to enhance IBM systems and semiconductor offerings. Specific terms of the agreements are confidential.
06:00 EDTLNVGYReport: Motorola production base to begin operations on May 11, DigiTimes says
Motorola Mobility's new production base in Wuhan, China will begin commercial production on May 11, reports DigiTimes, citing a Chinese-language tech.sina.com report. The base will also look to accommodate a global operating hub and research and testing center that will come online in 2H16. Reference Link
06:00 EDTLNVGY, IBMAMD's former CEO may join Dell, Re/code reports
According to sources, former AMD (AMD) CEO Rory Read is close to a deal to join Dell, Re/code reports. Read, who also previously worked at Lenovo (LNVGY) and IBM (IBM), could become COO and president for global commercial sales at Dell. An announcement may come as early as today, the sources say. Reference Link
March 20, 2015
09:05 EDTIBMJefferies Euro offshore IT services analyst has analyst/industry conference call
Analysts discusses the market growth in Ofshore IT Services in Continental Europe which is expected to outpace project growth in the U.S., with Cognizant Technology Solutions/EPAM Systems best positioned and IBM/Hewlett Packard disadvantaged on an Analyst/Industry conference call to be held on March 20 at 10 am.
March 19, 2015
10:46 EDTIBMChinese firms using IBM technology in server chips, WSJ says
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09:04 EDTIBMIBM invests in Modernizing Medicine
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08:45 EDTIBMHouse Permanent Select Committee on Intelligence to hold a hearing
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March 18, 2015
05:21 EDTLNVGYMicrosoft announces Windows 10 to launch this Summer in 190 countries
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March 17, 2015
07:12 EDTIBMDeutsche Messe to hold a conference
CeBIT 2015 is being held in Hannover, Germany on March 15-20.
March 16, 2015
14:43 EDTLNVGYAnalyst sees Himax facing headwinds, risks in near-term
The shares of Himax Technologies (HIMX) are falling sharply after research firm Northland Securities warned that the company's March revenues could come in at the lower end of its guidance. Himax develops semiconductors used in thin film transistor-liquid crystal displays and displays using other technologies. WHAT'S NEW: The Chinese sales of smartphones made by a number of Himax's customers, including Samsung, Lenovo (LNVGY), and ZTE, have been weak, Northland analyst Tom Sepenzis wrote in a note to investors today. Additionally, Samsung's new smartphones will probably ship with OLED displays, rather than TFT displays, the analyst stated. These developments create risks for Himax in the March-June time period, according to Sepenzis. Meanwhile, January and February data reported by a number of Taiwanese vendors, including HTC and Taiwan Semiconductor (TSM), do not bode well for Himax, as their sales were down 26.5% in February versus January. Additionally, Sepenzis is now more pessimistic on the near-term outlook for sales of augmented reality headsets, leading him to believe that Himax's revenue from these products will be lower than he previously estimated in the near-term. The analyst kept a $110 price target and Outperform rating on the shares, as he remains upbeat on the company's longer term outlook. PRICE ACTION: In mid-afternoon trading, Himax dropped 51c, or 6.5% to $7.47.
12:56 EDTIBMIBM protest of Army contract an incremental negative for CACI, says Maxim
According to a Washington Technology article, IBM (IBM) successfully protested a $158M Army-payroll contract awarded to CACI (CACI). Maxim expects the contract to be re-evaluated and for CACI to still prevail and win, but the revenue ramp will take longer than previously anticipated. The firm rates CACI a Buy with a $101 price target.
12:54 EDTIBMContract awarded to CACI protested by IBM, Washington Technology reports
A $158M Army payroll and personnel contract that was awarded to CACI (CACI) has been successfully protested by IBM (IBM) and the contract has been dismissed, Washington Technology reports. Reference Link
March 15, 2015
16:14 EDTIBMBlackBerry collaborates with IBM, Samsung on SecuTABLET
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