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News For ACTV;MA;YHOO;KMB;T;DELL;JAH;INTC;IBM;V;FB;CLX;KO From The Last 14 Days Check below for free stories on ACTV;MA;YHOO;KMB;T;DELL;JAH;INTC;IBM;V;FB;CLX;KO the last two weeks. |
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| May 17, 2013 |
| 16:34 EDT |  | CLX | Clorox board authorizes new $750M share repurchase, cancels old programs
Clorox disclosed in a regulatory filing that on May 13, the board of directors of the company terminated its previously announced May 13, 2008 and May 18, 2011 share repurchase authorizations and authorized an updated share repurchase program for an aggregate purchase amount of up to $750M. This reduces the total dollar value of shares that the company could repurchase under its open market share repurchase program from $821M to $750M. This $750M open market share repurchase program is in addition to the company’s previously announced evergreen repurchase program to reduce or eliminate dilution in connection with issuances of stock under the company’s stock incentive plans. |
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| 15:04 EDT | | YHOO | Yahoo to hold product-related event Monday, CNBC says
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| 14:03 EDT |  | DELL | Market set to finish week with gains after Cisco results, comments
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| 08:29 EDT |  | DELL | JPMorgan's business and information services analyst holds a conference call
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| 08:02 EDT |  | DELL | Dell results could increase votes for Silver Lake offer, says Wells Fargo
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| 06:51 EDT |  | FB | Facebook volatility at low end of historic range
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| 06:49 EDT |  | T | AT&T initiated with an Equal Weight at Barclays
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| 06:36 EDT |  | FB | Google to add new apps to Google Glass, NY Times says
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| 06:27 EDT | | IBM | Stocks with implied volatility below IV index mean; IBM FSLR
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| May 16, 2013 |
| 19:47 EDT | | YHOO | Yahoo in talks with Tumblr, AllThingsD reports
An AllThingsD report that cites sources close to the situation says Yahoo is in serious talks with Tumblr regarding a strategic alliance, or a potential outright buy of the company. The report cites sources that say this isn't the first time Yahoo CEO Marissa Mayer has been interested in Tumblr, saying that since taking over at Yahoo, Mayer has met with Tumblr executives, including founder David Karp. Reference Link |
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| 18:01 EDT | | DELL | Dell continues to expect 'relatively weak' demand in end-user PC business
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| 16:25 EDT | | YHOO | Yahoo! granted favorable ruling in Mexico City superior court
Yahoo! announced that the Superior Court of Justice for the Federal District in Mexico has granted the company’s appeal and reversed the ruling of the 49th Civil Court of Mexico, which had entered a non-final judgment of $2.75B against Yahoo! and Yahoo! Mexico on November 28, 2012. The appellate decision overturned all monetary awards against Yahoo! and reduced the monetary award against Yahoo! Mexico to $172,500. Yahoo! Mexico was awarded $2.6M in the original judgment, and this award was confirmed by the appellate decision. |
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| 16:05 EDT |  | DELL | Dell reports Q1 enterprise solutions, services, software revenue up 12% to $5.5B
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| 16:02 EDT | | DELL | Dell not providing guidance for Q2
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| 16:01 EDT | | DELL | Dell reports Q1 adjusted EPS 21c, consensus 35c
Reports Q1 revenue $14.1B, consensus $13.52B. |
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| 15:14 EDT | | DELL | Notable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c. |
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| 13:58 EDT | | DELL | Earnings Preview: Dell facing uncertainty about going private ahead of Q1 report
Dell (DELL) is set to report Q1 earnings after the market close on Thursday, May 16, with a conference call scheduled for 4:45 pm ET. Dell is a global IT company that operates enterprise, business, and consumer segments. EXPECTATIONS: Analysts are looking for EPS of 35c on revenue of $13.52B, according to First Call. The consensus range for EPS is 28c-42c on revenue of $12.6B-$14.22B. A report by Dow Jones earlier this week said Dell will report non-GAAP EPS of 20c on revenue of about $14B. LAST QUARTER: Dell reported Q4 adjusted EPS of 40c against consensus for 39c on revenue of $14.3B against estimates for $14.12B. On its Q4 earnings conference call, the company said it expects continued margin pressure and market competitiveness in 2013. GO-PRIVATE NEWS: On February 5, Dell officially announced that it had agreed to be taken private for $13.65 per share by a consortium lead by Silver Lake. On March 25, Dell announced it had received two alternative proposals during its go-shop process, which began following its February 5 announcement. These proposals included a $14.25 per share offer from Blackstone (BX), and a $15 per share offer from Carl Icahn and affiliated funds, including Icahn Enterprises (IEP). On April 19, Dell announced that Blackstone decided not to submit a bid for the company. Last Friday, Icahn and Southeastern Asset Management, which collectively hold about a 13% stake in Dell, submitted an alternative proposal to Dell's board. The Icahn and Southeastern proposal would allow Dell shareholders to receive a $12 per share cash distribution or $12 of additional shares valued at $1.65 per share. On Monday, the special committee of Dell's board asked Icahn and Southeastern for more information related to proposal, while Icahn and Southeastern proposed a slate of directors to the company's board that same day. COMPANY NEWS: In addition to news surrounding the company's go-private proposal, data regarding global PC demand has also weighed on Dell. On April 10, data from IDC said worldwide PC shipments totaled 76.3M in Q1, a 13.9% decline from the prior year period, which was worse than the expected decline of 7.7%. IDC also added that this year-over-year decline was the worst since the firm began its quarterly tracking of the PC market in 1994. On March 28, data released by Gartner said worldwide IT spending is projected to increase 4.1% in 2013 to $3.8T. PRICE ACTION: Shares of Dell have slid more than 2.5% since the first day of trading following its Q4 report. Following the March announcement that Dell received alternative proposals from Blackstone and Icahn, shares closed as high as $14.51 per share. Through April, however, shares of Dell slipped, including a sharp decline after disclosing Blackstone withdrew its offer, with shares closing as low as $13.09 per share. In afternoon trading ahead of its Q1 report, shares of Dell are down 0.2%, to about $13.42. |
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| 13:57 EDT | | DELL | Dell May 13 straddle priced for 1.7% move into Q1
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| 13:40 EDT | | INTC | Intel CFO Smith says staying with the company, CNBC reports
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| 12:12 EDT | | YHOO | Yahoo in pact to integrate Twitter content on newsfeed
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