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October 9, 2015
17:18 EDTQCOMNVIDIA to ask for full commission review in Samsung patent case
NVIDIA said in a blog post: "We said we would keep you informed of new developments in our cases with Samsung. In the latest step of our efforts to protect NVIDIA's intellectual property, an administrative law judge at the U.S. International Trade Commission ruled today that Samsung (SSNLF) and Qualcomm (QCOM ) did not violate U.S. law with respect to importing certain Samsung products into the U.S. Judge Thomas Pender issued an initial determination that Samsung and Qualcomm didn't infringe two NVIDIA patents, and that both did infringe a third patent but that this patent wasn't valid. This initial determination is one more step in a long legal process. We now intend to ask the full commission to review this initial determination and to confirm the previous judgment of the U.S. Patent Office - that the third patent is valid. If they agree, the ITC would issue an order that would preclude Samsung from importing into the U.S. infringing Samsung mobile devices and smart TVs. We are continuing this case by proceeding to the next step in the process because we believe our patents are valid and have been infringed." Reference Link
16:00 EDTFBOptions Update; October 9, 2015
iPath S&P 500 VIX Short-Term Futures up 1c to 21.29. Option volume leaders: AAPL FB NFLX GE TWTR AA TSLA BABA XOM GPRO
13:43 EDTQCOMU.S. trade judge says Samsung products do not violate NVIDIA patent rights
Administrative Law Judge Thomas Pender issued an initial determination on violation in a patent fight brought by NVIDIA (NVDA) against Samsung (SSNLF) and Qualcomm (QCOM). Pender's initial determination is that there is no violation of Section 337 of the Tariff Act of 1930, as amended, in the importation into the U.S., the sale for importation, or the sale within the U.S. after importation of certain consumer electronics and display devices with graphics processing and graphics processing units that NVIDIA claims are infringing upon its patent rights. The judge stated that the accused products with Adreno, PowerVR, or Mali GPUs do not infringe claim 14 of U.S. Patent No. 7,209,140 and that claim 14 of the '174 patent is invalid as obvious. Some of the accused products infringe claim 23 of U.S. patent 6,690,372, but claims 23 and 24 of the '372 patent are invalid as anticipated, the judge said. The accused products with Adreno or Mali GPUs do not infringe claims 1 or 15 of U.S. Patent No. 7,038,685, the judge also determined. The judge's findings are subject to review by the commission, which can block imports of products that it finds infringe U.S. patents.
13:30 EDTQCOMNVIDIA loses 1st round of patent fight with Qualcomm, Samsung, Bloomberg says
10:22 EDTBCSBarclays may name Gerry Grimstone non-executive director, Sky News says
Barclays is in talks with Gerry Grimstone, a former privatization adviser to Margaret Thatcher, to name him a non-executive director, Sky News reports. Grimstone would be the bank's deputy chairman and senior independent director should the plan actually happen, the report says. Reference Link
10:12 EDTFBCLSA internet analyst holds an analyst/industry conference call
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09:36 EDTFBActive equity options trading on open
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09:28 EDTBCSBarclays appoints Ben Davey investment bank CSO, Bloomberg says
Barclays has named Ben Davey chief strategy officer of the investment bank in London, Bloomberg reports, citing an internal memo. Davey will join the Investment Bank Executive Committee and report to securities unit CEO Tom King, the report says. Most recently, Davey served as head of the financial institutions group for banking in Europe, the Middle East, and Africa, the report says. Reference Link
07:29 EDTFBFacebook price target to $115, estimates raised at Credit Suisse
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07:01 EDTKORSMichael Kors trends decelerated through September, says Piper Jaffray
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October 8, 2015
16:02 EDTFBOptions Update; October 8, 2015
iPath S&P 500 VIX Short-Term Futures down 1.04 to 21.22. Option volume leaders: AAPL NFLX FB TWTR BAC EMC TSLA GE HUN FCX P BABA AA INTC AMZN GPRO
15:36 EDTQCOMQualcomm, Mellanox collaborate to enable cost-effective data center platforms
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15:35 EDTQCOMQualcomm, Xilinx to collaborate on heterogeneous computing solutions
Qualcomm (QCOM) through its subsidiary, Qualcomm Technologies, and Xilinx (XLNX) announced a strategic technical collaboration to deliver heterogeneous computing solutions with new levels of efficiency and performance through FPGA-enabled dynamic workload acceleration on Qualcomm Technologies' server platforms. The strategic collaboration is designed to span multiple product generations, ranging from card level to highly-integrated solutions. Target applications include compute acceleration, big data analytics, machine learning, storage and CloudRAN, the companies said.
13:39 EDTQCOMAmazon Web Services announces AWS IoT
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11:04 EDTFBDirecTV launches Big Knockout Boxing virtual reality app
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07:25 EDTBCSRosenblatt to hold a conference
8th Annual Global Exchange Leader Conference is being held in New York on October 8.
07:12 EDTFBFacebook to test buttons for reactions beyond 'like,' Engadget reports
Facebook will begin testing a "Reactions" feature that lets users express multiple emotions aside from "like," according to Engadget, whose sources indicate that the social network will start testing with users in Ireland and Spain as soon as Friday, October 9. Reference Link
October 7, 2015
16:01 EDTFBOptions Update; October 7, 2015
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14:40 EDTBYDNRT Technology signs multi-year pact with Boyd for payments, kiosk solutions
NRT Technology announced that it has signed an exclusive multi-year agreement with Boyd Gaming to provide its 22 casino properties with NRT's full suite of Cash-to-Floor products, solutions and services. Under the terms of the agreement, Boyd Gaming will utilize NRT's QuickJack ticket redemption kiosks and SmartAcquirer ATM and Cash Advance platform for all of its cash access needs. In addition, NRT and Boyd will launch the SecureSmart end-to-end Encryption and Tokenization security solution. NRT will be Boyd Gaming's exclusive provider of ticket redemption kiosks and related bill-breaking and cash access services at all 22 Boyd casinos across the U.S., the company said.
12:31 EDTAVPNu Skin plummets after cutting Q3 revenue outlook
Shares of Nu Skin (NUS), a global direct selling company, are sinking after the company lowered its third quarter revenue outlook. WHAT'S NEW: Tuesday after the bell, Nu Skin lowered its Q3 revenue view to $570M-$573M from $600M-$620M, well below analysts' consensus estimates of $621.55M. Foreign currency headwinds associated with the strengthening of the U.S. dollar negatively impacted revenue by more than $60M compared to the prior-year period. The revised revenue range is expected to represent continued improvement on a sequential basis, and the company continues to forecast constant-currency revenue growth in the fourth quarter of 2015 versus the prior year. WHAT'S NOTABLE: Truman Hunt, Nu Skin's Chief Executive Officer, noted, "Third quarter results were impacted by lower-than-expected sales of our new cosmetic oils in China during August and September, which may be a reflection of economic conditions in China." Hunt continued, "Our third quarter results will be in-line with expectations, with the exception of the Greater China region. Revenue growth in the third quarter was particularly strong in South Asia/Pacific, where our first introduction of ageLOC Youth drove more than 20% growth in that region, or more than 40% on a constant-currency basis. Given the successful launch of ageLOC Youth in South Asia/Pacific, we look forward to the introduction of ageLOC Youth as well as ageLOC Me in most of our regions during the fourth quarter. We forecast year-over-year constant-currency revenue growth of between 7%-10% in the fourth quarter." ANALYST REACTION: Sentiment on the Street was cautious at midday. Research firm Stifel downgraded Nu Skin to Sell from Hold, citing the company's negative pre-announcement and its deteriorating trends in Greater China. Its price target for shares is $35. Another firm, Canaccord, noted that NuSkin pre-announced revenue numbers that were below guidance, which suggests softer trends in China and the long awaited sustainable turn in momentum has failed to materialize. The firm expects a new product cycle to help support the return to growth. Canaccord maintained its Hold rating and lowered its price target to $45 from $48 on NuSkin shares. PRICE ACTION: In midday trading, Nu Skin fell $12.13, or about 26%, to $34.45 on about six times its average daily trading volume. OTHERS TO WATCH: Other companies in the direct selling business include Herbalife (HLF), down 9.2%, Estee Lauder (EL), down fractionally, USANA Health Sciences (USNA) down 8.4%, Avon Products (AVP) up almost 8%, and Tupperware Brands (TUP), up 2.5%.
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