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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:48 EDTMSFT, IBM, GSQuantum computer company D-Wave may come public, FT says
While tech giants such as IBM (IBM) and Microsoft (MSFT) have significant long-range research efforts in quantum computing, the only company that claims to have produced a working quantum computer, D-Wave Systems, says it may seek an initial public offering of stock within “a couple of years”, reported Financial Times, citing the CEO of the Canadian start-up that has Goldman Sachs (GS) and the Canadian government among its investors. Reference Link
News For IBM;MSFT;GS From The Last 14 Days
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January 15, 2015
07:08 EDTMSFTMicrosoft Windows shipments still growing, says Bernstein
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06:27 EDTMSFTIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
06:21 EDTGSGoldman Sachs helped Apollo in Caesar's restructuring deal, NY Post reports
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January 14, 2015
08:34 EDTIBMIBM estimates lowered at BofA/Merrill
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07:31 EDTGSGoldman Sachs volatility increases into Q4 and outlook
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06:36 EDTGSGoldman Sachs Q4 profit reduced by loan write-down, Reuters says
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06:14 EDTMSFTMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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January 13, 2015
17:55 EDTIBMIBM launches the z13 mainframe after $1B investment
IBM announced the z13 mainframe system, capable of processing 2.5B transactions per day and it is the first system to make real-time encryption of all mobile transactions at any scale. z13 speeds real-time encryption of mobile transactions to help protect the transaction data and ensure response times consistent with a positive customer experience. The system includes 500 new patents including cryptographic encryption technologies that enable more security features for mobile initiated transactions. The system culminates a $1B investment and five years of development.
15:12 EDTGSU.S. Supreme Court decision gives homeowners leeway to rescind mortgage loans
In an unanimous ruling, the U.S. Supreme Court ruled on Jesinoski vs. Countrywide Home Loans that homeowners are allowed to rescind home mortgages within the three years allotted under the Truth in Lending Act of 1968 by providing written notice to his/her lender. The court ruled that the borrowers were not required to file suit against the lender, which the respondents, Countrywide, claimed. The notice of rescission was sufficient to clear the homeowners of any obligation to the loan, provided they do it within the allotted time. Countrywide Home Loans is a subsidiary of Bank of America (BAC). Other publicly traded companies in the banking space include Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
11:57 EDTMSFTHP 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.
11:42 EDTMSFTJustice Department partners with Facebook, Bing to expand reach of AMBER Alerts
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07:04 EDTIBMFederal court confirms halt to sales of chips used by SanDisk, IBM, others
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06:33 EDTIBMTeradata set to acquire Appoxee for about $20M, WSJ reports
Teradata (TDC) will buy Appoxee, a Tel Aviv-based mobile-marketing-automation startup, for around $20M, The Wall Street Journal reports, citing two sources. Teradata rival IBM (IBM) acquired Xtify, a mobile-marketing company, in 2013. Reference Link
06:30 EDTIBMCourt order bars sales of chips used by SanDisk and IBM, WSJ reports
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January 12, 2015
11:51 EDTIBMIBM results seen being hurt by continued dollar strength
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08:05 EDTMSFTGameStop to use Microsoft Azure to stream game content, promotional materials
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07:52 EDTIBMIBM to undertake biggest re-organization in company history, Register says
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07:52 EDTIBMIBM price target lowered to $130 from $144 at Jefferies
Jefferies lowered its price target for IBM shares to $130 after cutting its estimates to reflect the strengthening of the dollar against almost every other major currency worldwide since the tech giant reported Q3 results. Jefferies believes consensus estimates for IBM need to come down as the company deals with enterprises increasingly allocating investments away from traditional Software and IT Outsourcing toward investments in Cloud, Mobile and and Social initiatives. The firm reiterates an Underperform rating on IBM.
07:35 EDTIBMNational Retail Federation to hold a trade show
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06:14 EDTGSBrennan Investment, Goldman Sachs acquire industrial portfolio
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