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Stock Market & Financial Investment News

News For IT;MSFT;HPQ;DELL;LNVGY;IBM;AAPL From The Last 14 Days
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July 30, 2015
09:36 EDTAAPL, MSFTActive equity options trading on open
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07:25 EDTITGartner reports Q2 Research revenue up 8% to $385.7M
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06:48 EDTIBMCVS Health announces partnership with IBM Watson
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06:48 EDTAAPL, LNVGYGlobal tablet market fell 7% y/y in Q2, DigiTimes reports
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06:12 EDTITGartner backs FY15 EPS excl items $2.27-$2.46, consensus $2.38
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06:11 EDTITGartner reports Q2 EPX excl-items 65c, consensus 63c
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06:04 EDTAAPLApple implied volatility of 20 at lower end of index mean range
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05:51 EDTHPQStocks with implied volatility above IV index mean; ZNGA HPQ
Stocks with implied volatility above IV index mean; Zynga (ZNGA) 66, Hewlett-Packard (HPQ) 36 according to iVolatility.
July 29, 2015
14:12 EDTHPQEarnings Watch: Hard drive makers report amid PC sector fears
Western Digital (WDC) and Seagate (STX) are expected to report quarterly results on July 29 and 31 with conference calls scheduled for 5:00 pm ET and 9:00 am ET, respectively. The two companies develop and manufacture computer storage solutions, including hard disk drives. EXPECTATIONS: Analysts are expecting Western Digital to report earnings per share of $1.45 on revenue of $3.25B, while Seagate is expected to report earnings per share of 64c on revenue of $2.92B. During its last earnings conference call, Western noted a "cautious" near-term outlook and forecast Q4 EPS to be $1.50-$1.60 on revenue of $3.3B-$3.4B. PRELIMINARY RESULTS: On July 13, Seagate reported preliminary Q4 revenue of $2.9B, adjusted gross margins of 27%, and 45M unit shipments, driven by what the company characterized as "lower than expected intra-quarter demand." The company had previously guided Q4 revenue to $3.2B-$3.3B, and analysts were looking for $3.19B in revenue at the time. LAST QUARTER: On April 17, Seagate reported Q3 adjusted EPS of $1.08 against expectations for $1.04, and revenue of $3.3B versus estimates of $3.4B. Following that, Western Digital reported Q3 EPS of $1.87 on April 28 versus estimates of $1.89, and revenue of $3.5B against expectations for $3.6B. NEWS: On May 1, Seagate announced plans to combine its Cloud Systems and Electronic Solutions groups, and on July 14, the company said it extended its alliance with HP (HPQ). STREET RESEARCH: On May 15, RBC called Western Digital shares "compelling" due to multiple near-term positive catalysts, though Morgan Stanley said on May 19 that it was just "cautiously optimistic" on Western because of softened growth expectations for the general PC market. On May 28, Goldman Sachs called fears of PC weakness overdone and upgraded Western Digital to Buy, saying the company's increasingly enterprise-heavy mix gives it a healthy long-term profit forecast. On June 12, Longbow reported that its hard drive price checks were not quite as bad as it had feared, adding that Western Digital's guidance appears achievable while Seagate's forecast appeared at risk. Heading closer to earnings, Citi said on July 2 that it expects somewhat weak quarterly results for the two hard drive giants but recommended buying both Western Digital and Seagate shares on any perceived post-earnings weakness. Stifel somewhat echoed that point on July 8, saying investor sentiment seemed overly negative towards Western, with traders potentially underestimating the company's shift towards enterprise products. Note that on July 23, Morgan Stanley said its June CIO survey indicated incremental enterprise IT budget weakness, leading the research firm to downgrade Western Digital to Equal Weight and drop Seagate two notches to Underweight. On the M&A front, Susquehanna said on May 29 that SanDisk (SNDK) remained an attractive takeover target, with Western Digital looking like a likely buyer. However, RBC and CLSA both raised doubts on June 5 about the possibility of such a deal. PRICE ACTION: Shares of Western Digital are up 1.34% to $78.83 ahead of Wednesday's report, while Seagate is up 0.84% to $49.28.
10:01 EDTHPQBox names Paul Chapman as Chief Information Officer
Box (BOX) announced that 25-year IT industry veteran Paul Chapman has joined the company as its Chief Information Officer, responsible for driving a broad range of IT initiatives to support the companyís more than 1,200 employees worldwide and customer base of 47,000 organizations. Chapman was most recently CIO of HP Software for Hewlett-Packard Company (HPQ).
09:35 EDTAAPLActive equity options trading on open
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09:07 EDTIBMIBM partners with Rochester Institute of Technology in cybersecurity lab
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05:26 EDTMSFTMicrosoft announces Windows 10 available for download
Microsoft announced that Windows 10 will become available Wednesday as a free upgrade or with new PCs and tablets. Windows 10 includes innovations such as Cortana, an Xbox app and Microsoft Edge for a familiar, yet more personal and productive, experience. The most secure Windows ever, Windows 10 is delivered as a service and kept automatically up-to-date with innovations and security updates. Windows 10 offers one experience that will become available on the broadest range of devices, including PCs, tablets, phones, Raspberry Pi, Xbox One, HoloLens and more ó with more than 2,000 devices or configurations already in testing. The new Windows Store and Windows Software Development Kit also become available Wednesday, opening the door to new and innovative app experiences on Windows 10.
July 28, 2015
16:24 EDTHPQHP to acquire Stackato business from ActiveState
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16:00 EDTAAPLOptions Update; July 28, 2015
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15:15 EDTIBMIBM says may see $250M pre-tax charge due to U.K. pension case
In a regulatory filing, IBM disclosed that proceedings to determine remedies in IBM UK's legal proceedings in London against the IBM UK Pensions Trust were held in July 2014, and in February 2015 the High Court held that for IBM to make changes to accruals under the plan would require a new consultation of the participants, but other changes, including to early retirement policy, would not require such consultation. IBM UK has appealed both the breach and remedies judgments and a decision is not expected until at least 2016. If the appeal is unsuccessful, the Courtís rulings would require IBM to reverse the changes made to the UK defined benefit plans retroactive to their effective dates. This could result in an estimated non-operating one-time pre-tax charge of approximately $250M, plus ongoing defined benefit related accruals. In addition, IBM UK is a defendant in approximately 290 individual actions brought since early 2010 by participants of the defined benefits plans who left IBM UK. These actions, which allege constructive dismissal and age discrimination, are pending before the Employment Tribunal in Southampton UK, IBM stated.
13:43 EDTAAPLEarnings Watch: Akamai reports as cloud services, content streaming accelerate
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12:02 EDTHPQMicron, Intel to discuss technology similar to HP memristor, Hesseldahl says
Arik Hesseldahl of Re/code said on Twitter: "Intel and Micron are going to disclose technology similar to HP's memristor technology. It will be called: 3D XPoint" Reference Link
09:42 EDTAAPLActive equity options trading on open
Active equity options trading on open: AAPL BIDU FB NFLX F T FCX TWTR
09:38 EDTMSFTSalesforce announce new version of Salesforce1 for iOS
In a corporate blog post, Salesforce (CRM) announced a new version of Salesforce1 for iOS, which it said brings a "brand new way to access and edit documents in external repositories such as SharePoint and OneDrive for Business and also seamlessly edit them using Office iOS apps." Salesforce added that the release is the "latest in a series of milestones based on our strategic partnership with Microsoft (MSFT)." Reference Link
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