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Stock Market & Financial Investment News

News Breaks
May 19, 2014
14:41 EDTSNDK, IMI, TOSYYIntermolecular surges after SanDisk, Toshiba license memory IP
Shares of semiconductor and clean-energy technology company Intermolecular (IMI) are on the rise after the company announced that SanDisk (SNDK) and Toshiba (TOSYY) have jointly elected to take an exclusive license to Intermolecular's developed intellectual property, or IP. WHAT'S NEW: Intermolecular announced that SanDisk and Toshiba have jointly elected to take an exclusive license, in a limited field, to Intermolecular's rights in the IP developed under a collaborative development program, as well as Intermolecular's background intellectual property. The related technologies have been developed for next-generation memory. The companies' CDP with Intermolecular, specifically targeted at developing certain memory products, materials, processes and device technologies, was concluded on March 15. Under the terms of the exclusive license, SanDisk and Toshiba will prepay non-refundable royalties in quarterly installments over a predetermined period. WHAT'S NOTABLE: On February 27, Intermolecular first reported that development activity related to the collaborative development program agreement with both SanDisk and Toshiba reached a conclusion. The company's CEO Dave Lazovsky said, "The objective of the CDP was to prepare certain memory technology for future production, and we are proud to have worked with SanDisk and Toshiba over the last four years to achieve the goal of our collaboration. We believe that we have helped them develop such memory technology with the potential to be the industry leader in non-volatile memory capability." ANALYST REACTION: Research firm Pacific Crest commented that the strength in Intermolecular shares on the news has been overdone. The firm added that it does not expect the license payments to ramp for 5 years. PRICE ACTION: In afternoon trading, shares of Intermolecular rose 79c, or about 35%, to $3.06.
News For IMI;SNDK;TOSYY From The Last 14 Days
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February 27, 2015
08:00 EDTSNDKMorgan Stanley likes SanDisk shares here
Morgan Stanley's NAND checks indicate supplier inventories are low and 1H 2015 pricing is holding up better than expected. Furthermore, contacts indicate Samsung's Galaxy S6 launch on Sunday will likely have upgraded NAND content of 32/64/128GB vs. the S5's 16/32GB. The firm believes the S6's content would absorb more bits in 1H than previously expected and help support NAND prices. The analyst reiterates SanDisk's Overweight rating and likes shares at these levels.
February 18, 2015
09:59 EDTSNDKSanDisk calls active on renewed takeover chatter
SanDisk February 81 and 83 calls are active on total call volume of 1500 contracts (600 puts) on renewed takeover chatter. February call option implied volatility is at 41, March and April is at 29, July is at 31; compared to its 26-week average of 32 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:42 EDTSNDKRumor: SanDisk moves up on renewed takeover chatter
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February 17, 2015
07:22 EDTSNDKMitsubishi UFJ to hold a tour
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