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Stock Market & Financial Investment News

News Breaks
June 13, 2014
10:37 EDTINTC, HPQ, MSFT, STX, WDCPC names climb following positive Intel preannouncement
Shares of a number of companies that benefit from higher PC sales are rising after Intel (INTC) raised its guidance, citing strong demand for business PCs. WHAT'S NEW: Last night chip maker Intel said that it now expects some revenue growth this fiscal year, versus its previous guidance for "mostly flat" revenue growth. Intel now expects its revenue to be $13.7B, plus or minus $300M, in the second quarter, as compared to its previous range of $12.5B-$13.5B. Additionally, the company said that its full-year gross profit margins would be in the upper half of the previous range of 61%, plus or minus a few percentage points. The higher revenue growth guidance was driven mostly by strong demand for business PCs, while the increased margin guidance was spurred mostly by expected increases in unit sales and reduced costs, Intel reported. ANALYST REACTION: Several research firms reacted positively to the news, with Morgan Stanley upgrading the shares to Equal Weight from Underweight, Roth Capital raising its rating to Buy from Neutral, and Drexel Hamilton upping its rating to Buy from Hold. Several firms also increased their price targets on Intel. PRICE ACTION: In early trading, Hewlett-Packard (HPQ) rose 4%, Microsoft (MSFT) advanced 2%, and hard disk drive makers Seagate (STX) and Western Digital (WDC) advanced 2% and 3%, respectively. Intel gained 6.76% to $29.85.
News For INTC;HPQ;MSFT;STX;WDC From The Last 14 Days
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October 6, 2014
07:33 EDTHPQHP to host conference call
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07:09 EDTHPQBusiness rationale for HP split not very clear, says Bernstein
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07:02 EDTHPQHP up 7.8% after announcing separation transaction
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06:58 EDTHPQHP now sees FY15 revenue growth approx. flat y/y in constant currency
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06:53 EDTHPQHP split is smart move, says Cantor
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06:47 EDTHPQHP sees FY15 free cash flow $6.5B-$7B
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06:46 EDTHPQHP reports 36K employees left as of Q3 as part of restructuring program
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06:42 EDTHPQHP's former Chairman Ralph Whitwork comments on separation
Ralph Whitworth, founder of Relational Investors and former Chairman of HPs board issued the following statement: HP's board and management have made a brilliant value-enhancing move at the perfect time in the turnaround. Today's announcement sets out bold, logical and highly compelling steps that will align the company's assets within more strategically and operationally focused corporate structures. Shareholders will now be able to invest in the respective asset groups without the fear of cross-subsidies and inefficiencies that invariably plague large business conglomerates. At the same time, management can better design strategic plans, incentives and market initiatives to suit the varying growth rates, capital intensity, and market objectives of these more focused and nimble companies. The new companies will be better positioned to address today's light-speed market dynamics and customer needs, and with distinct and compelling financial profiles and strong leadership teams, accelerate growth and shareholder value creation.
06:39 EDTHPQHP intends separation to be tax-free to holders
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06:38 EDTHPQSpun off HP companies could be takeover targets, Re/code says
After HP (HPQ) splits into two publicly traded companies, both of those companies could become takeover targets, according to Re/code. The PC and printing unit could interest Dell or Lenovo (LNVGY), while Hewlett-Packard Enterprises could merge with EMC (EMC) and/or become a target for Dell and Cisco (CSCO), the website stated. Reference Link
06:35 EDTHPQHP sees FY15 EPS $3.83-$4.03, consensus $3.95
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06:34 EDTHPQHP backs FY14 EPS view of $3.70-$3.74, consensus $3.73
06:33 EDTHPQHP confirms separation into two companies
HP announced plans to separate into two new publicly traded Fortune 50 companies: one comprising HP's market-leading enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP's market-leading personal systems and printing businesses, which will do business as HP Inc. and retain the current logo. Immediately following the transaction, which is expected to be completed by the end of fiscal 2015, HP shareholders will own shares of both Hewlett-Packard Enterprise and HP Inc. The transaction is intended to be tax-free to HP's shareholders for federal income tax purposes. Hewlett-Packard Enterprise will build upon HP's leading position in servers, storage, networking, converged systems, services and software as well as its OpenStack Helion cloud platform. Meg Whitman to be president and CEO of Hewlett-Packard Enterprise; Pat Russo to be chairman of the Hewlett-Packard Enterprise board. Dion Weisler to be president and CEO of HP Inc.; Meg Whitman to be chairman of the HP Inc. board.
06:31 EDTHPQHP confirms separation into two companies
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06:26 EDTHPQHP October volatility elevated, plans to separate into two companies, reports
HP October option implied volatility is at 35, November is at 27, December is at 28; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into reports of plans to separate into two companies.
06:23 EDTINTCIntel to push Broadwell into three notebook segments, DigiTimes reports
Intel is looking to push its 14nm Broadwell processors into three major notebook segments, reports DigiTimes. According to sources from the upstream supply chain, Intel is looking to push Brodawell into the entry-level non-touchscreen traditional notebooks, 2-in-1 devices, and 14- to -17-inch performance-level notebooks. Reference Link
06:21 EDTMSFTMicrosoft 2015 solution may not help suppress Chromebook growth, DigiTimes says
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06:19 EDTHPQHP facing competition from Lenovo in PCs, servers, WSJ reports
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06:12 EDTHPQHP breakup could drive 40%-90% upside, says Citigroup
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05:29 EDTHPQHP split to be viewed positively by shareholders, says Deutsche Bank
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