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July 30, 2014
11:22 EDTFSL, TWTR, INFN, AWAY, QLIK, MLNX, CRUS, TTS, INOOptions with decreasing implied volatility
Options with decreasing implied volatility: INO MLNX INFN TTS QLIK TWTR CRUS AWAY FSL
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September 30, 2015
15:03 EDTTWTRTwitter founder Dorsey reported to be named permanent CEO
Shares of Twitter (TWTR) remain about 3% higher in afternoon trading after Re/code reported that founder and interim CEO Jack Dorsey is set to be named permanent Chief Executive. DORSEY: Jack Dorsey is expected to be named permanent CEO of Twitter as soon as Thursday, Re/code's Kara Swisher and Kurt Wagner reported this afternoon, citing sources. The company is also likely to reconfigure its board of directors, beginning with the departure of former CEO Dick Costolo, the report said. DUAL ROLES: Re/code noted that Dorsey will remain as CEO of Square, the payments company he founded in 2009. As recently as September 25, Fortune reported that Square plans to file for an initial public offering within weeks, and in a thinly-veiled reference to Dorsey's commitments to Square, the Twitter board of directors has previously commented that running the micro-blogging site requires a "full-time commitment." PRODUCT CHANGES: Re/code reported on Tuesday that Twitter is looking to break its trademark 140-character limit with new long-form content products. The news comes as Twitter struggles to expand its user base and appeal to advertisers, having launched multiple ad products in recent months while overhauling its front page to capture so-called logged out users. PRICE ACTION: Twitter shares are up about 3% to $26.33 in afternoon trading following Re/code's report.
14:04 EDTTWTRTwitter calls active on report Jack Dorsey to be named permanent CEO
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13:58 EDTTWTRTwitter up 3% after Re/code says Dorsey to be named permanent CEO
13:53 EDTTWTRTwitter to name Jack Dorsey as permanent CEO, Re/code reports
According to sources, Re/code's Kara Swisher reports that Jack Dorsey, the co-founder and interim CEO of Twitter, is likely to be named as the company's permanent CEO. The sources say Dorsey, who will continue to run Square, could be made permanent CEO as early as Thursday morning. There may also be a "shakeup" of Twitter's board as well, sources say, including the departure of former CEO Dick Costolo. Reference Link
12:10 EDTMLNXOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday as the unquestionably hard quarter looks like it will end on an up note. Relief, as well as end of the quarter window dressing, may be the main drivers of this morning's rebound as investors are certainly ready to turn the page on the third quarter with the monthly non-farm payrolls report and the start of earnings season on the horizon. ECONOMIC EVENTS: In the U.S., payroll processor ADP reported that 200,000 jobs were added this month, topping expectations for 190,000 job additions. The Chicago PMI business barometer index fell to 48.7 in September, missing expectations for a reading of 53.6. Additionally, the Senate passed a continuing resolution, officially funding the government through December 11. COMPANY NEWS: Shares of two clothing companies moved in opposite directions after an executive for one left to take over for an icon at the other. Last night, Gap (GPS) announced that Stefan Larsson will step down as global president of Old Navy effective October 2. Larsson is leaving Gap to become the new Chief Executive Officer of Ralph Lauren (RL), replacing the man who founded the company that bears his name. At least three research firms downgraded Gap shares to sell or equivalent ratings and the stock fell 7% in the wake of the executive shake-up, while Ralph Lauren shares were upgraded to Buy at UBS and the stock advanced 12% near noon. MAJOR MOVERS: Among the notable gainers were Rentrak (RENT) and comScore (SCOR), which gained 20% and 9%, respectively, after the companies agreed to a stock-for-stock merger. Also higher were shares of Western Digital (WDC), which rallied 14.5% after Unisplendour, a unit of China's Tsinghua Holdings, struck a deal to buy a 15% stake in the U.S. data storage company. Among the noteworthy losers was Barracuda Networks (CUDA), whose shares plunged 35% after the IT security and storage solutions company reported lower than expected revenue and provided weaker than expected guidance. Also lower were shares of Mellanox (MLNX), which were down 9% after the company agreed to acquire EZchip (EZCH) in a transaction implying a value of approximately $811M, or roughly $620M net of cash. Potentially overshadowing the deal was the fact that the company failed to reiterate its guidance despite being asked repeatedly by analysts on today's acquisition conference call, Summit Research analyst Srini Nandury told investors in a research note. EZchip, which will be bought for a cash purchase price of $25.50 per share, rose 14% following the deal announcement. INDEXES: Near midday, the Dow was up 128.64, or 0.8%, to 16,177.77, the Nasdaq was up 56.46, or 1.25%, to 4,573.78, and the S&P 500 was up 18.68, or 0.99%, to 1,902.77.
11:11 EDTMLNXMellanox selloff reflects no guidance reiteration, says Summit Research
Summit Research analyst Srini Nandury says Mellanox's (MLNX) failure to reiterate its guidance on the last day of the quarter is overshadowing its purchase of EZchip (EZCH). The company failed to reiterate its guidance despite being asked repeatedly by analysts on today's acquisition conference call, Nandury tells investors in a research note. The analyst recommends using today's weakness as a buying opportunity. He continues to believe in the Mellanox Ethernet and Infiniband stories. Nandury has a Buy rating on the name with a $56 price target.
10:41 EDTMLNXEZchip downgraded to Hold from Buy at Benchmark Co.
Benchmark Co. downgraded EZchip to Hold with a $25.50 price target following the takeover by Mellanox (MLNX).
09:04 EDTTWTRDemandware, Twitter partner to deliver 'Buy Now' capability to retailers
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09:03 EDTTWTRShopify introduces selling on Twitter with Buy Now
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08:59 EDTMLNXMellanox and EZchip to co-host a press briefing
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08:35 EDTMLNXMellanox and EZchip to co-host a conference call
Conference call to discuss the definitive agreement where Mellanox acquires EZchip to be held on September 30 at 8:30 am. Webcast Link
07:32 EDTMLNXMellanox agrees to acquire EZchip
Mellanox Technologies (MLNX) and EZchip (EZCH) announced that they have entered into a definitive merger agreement under which Mellanox shall acquire 100% of EZchip's outstanding ordinary shares for a cash purchase price of $25.5 per share implying a transaction value of approximately $811M, or roughly $620M net of cash. The terms of the transaction have been unanimously approved by both the Mellanox and EZchip Boards of Directors. The combined businesses currently have approximately 2,400 employees, and have generated combined revenues of $668M for the twelve months ended June 30, 2015. The transaction is projected to close in the first quarter of 2016, subject to the completion of certain closing conditions. Mellanox expects the transaction to be non-GAAP accretive from day one. Under the terms of the definitive agreement, EZchip shareholders will receive $25.5 for each ordinary share of EZchip that they hold at the closing of the transaction. Mellanox intends to fund the transaction with cash on hand from the combined companies and $300M in fully-committed debt financing. The proposed acquisition is subject to customary closing conditions, including the receipt of applicable regulatory approvals and the approval of EZchip's shareholders.
06:18 EDTMLNXMellanox said to be in talks to buy EZchip for $700M-$800M, Reuters reports
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05:10 EDTTWTRStocks with implied volatility movement; TWTR P
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September 29, 2015
13:23 EDTTWTRTwitter intends to go beyond 140-character limit, Re/code says
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13:07 EDTTWTRTwitter intends to go beyond 140-character limit, Re/code says
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08:42 EDTINFNInfinera TM-Series selected by Hanoi Telecom
Infinera announced Hanoi Telecom Corporation's selection of the Infinera TM-Series, via its local partner Nissho Electronics Vietnam, for HTC's metro network in Vietnam connecting Ho Chi Minh City and Vung Tau. By deploying the Infinera TM- Series, HTC can deliver multi-service transport services with low power, high density and scalability. This is the first selection of Infinera's TM-Series by an existing Infinera customer post the acquisition of Transmode, which closed on August 20, 2015. The Infinera TM-Series packet- optical platform provides multi-service capabilities including services such as Ethernet/CE2.0, MPLS-TP and OTN aggregation, which are well suited for mobile fronthaul and backhaul, and metro aggregation applications.
September 28, 2015
11:57 EDTTWTRInvestors have confidence in Dorsey as next Twitter CEO, NY Times says
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11:51 EDTTWTRStocks with call strike movement; TWTR FCX
Twitter (TWTR) December 29 call option implied volatility increased 4% to 59, Freeport McMoRan (FCX) January 10 call option implied volatility increased 7% to 74 according to iVolatility.
10:08 EDTQLIKTableau price target lowered to $75 at Summit Research on competition concerns
Summit Research analyst Srini Nandury said the firm's channel checks indicate that Tableau's (DATA) software competition will intensify from Salesforce (CRM), Qlik (QLIK) and PowerBI. The analyst thinks Tableau's string of large "beat and raise" quarters will come to an end since most of the "low-hanging fruit" seems to have been picked and the company will need to work harder to acquire new customers. Nandury keeps a Hold rating on Tableau and cut the firm's price target on the stock to $75 from $80.
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