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Stock Market & Financial Investment News

News Breaks
April 4, 2014
08:47 EDTS, IBM, VZ, LNVGY, TLenovo, IBM deal investigated by U.S. over Pentagon servers, Bloomberg says
Lenovo (LNVGY) must convince government officials that buying a server unit from IBM (IBM) won’t give China back-door access to U.S. secrets and infrastructure, even though the Pentagon, FBI and certain telecommunications companies use the servers, according to Bloomberg, citing people familiar with the matter. The sources said that the servers are also embedded in telephone networks operated by AT&T (T), Verizon (VZ), and Sprint (S). Reference Link
News For LNVGY;IBM;T;VZ;S From The Last 14 Days
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August 24, 2015
06:16 EDTLNVGYLenovo could raise PC prices in China, DigiTimes reports
Lenovo may look to raise prices of PCs in China at the end of this month due to the Chinese yuan depreciation, sources from the upstream supply chain tell DigiTimes. The sources, who say Acer and Asustek Computer will follow suit in September, add that Lenovo will raise prices in Southeast Asia following the price increases in China. Reference Link
August 23, 2015
19:13 EDTT, VZBT executive says Verizon, AT&T abusing landline duopoly, FT reports
In a Financial Times interview published Sunday, BT Group's (BT) Americas president Bas Burger said Verizon (VZ) and AT&T (T) are abusing their control over telephone and broadband lines to charge inappropriate access fees to companies like BT. "For a western world country it is the worst I've seen... There is not sufficient regulation to create competition: almost all access is being provided by two companies and they have divided the country among themselves," remarked Burger, adding that the two companies are also not required to fix network problems within any specific timeframe. Reference Link
August 21, 2015
12:13 EDTLNVGY, IBMBrocade soars after Q3 results top estimates
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06:01 EDTIBM, LNVGYABI Research: Portable PC sales to remain flat in 2015, DigiTimes says
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August 20, 2015
18:07 EDTLNVGY, IBMBrocade seeing pressure in server business due to IBM-Lenovo deal
Brocade (BRCD) says "where we've really seen pressure has been in our server related business," due to market conditions as well as divestiture of IBM's (IBM) commodity business to Lenovo (LNVGY). Says growth of flash storage continues to be one of the "most disruptive" factors in data center. Comments taken from Q3 earnings conference call.
08:02 EDTT, VZ, SFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
August 19, 2015
13:30 EDTSOptions with increasing put volume;
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10:20 EDTT, VZ, SBig telecom firms put M&A on hold, CTFN reports
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08:22 EDTVZ, T, SSprint traffic levels increasing, says Pacific Crest
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August 18, 2015
18:35 EDTSSoftbank increases Sprint stake by roughly 16.8M shares
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11:34 EDTT, S, VZSprint rises on plans to abandon two-year contracts
Sprint shares are higher this morning after the company's chief executive officer said that the carrier plans to move away from two-year contracts. WHAT'S NEW: In an interview with The Wall Street Journal, Sprint CEO Marcelo Claure said that the company will stop offering two-year contracts by the end of 2015 in favor of a "smartphone lease" model. Sprint began offering a lease option last year, The Journal noted, and Claure said the carrier is planning to move entirely to that model by the end of the year. As part of its shift, Sprint yesterday unveiled iPhone Forever, a new leasing plan that starts at $22 per month for an iPhone. WHAT'S NOTABLE: In a similar move earlier this month, Sprint rival Verizon (VZ) said it would drop phone subsidies and two-year contracts for new customers. T-Mobile (TMUS), another market rival, abandoned contracts over two years ago, leaving AT&T (T) as the only major U.S. carrier still offering to subsidize new smartphone purchases. Separately, Softbank (SFTBF), Sprint's primary stakeholder, disclosed last week that it increased its holdings in the company to approximately 80%, though the company said it does not plan for its stake in the carrier to exceed 85%. Meanwhile, a study released Tuesday by RootMetrics, an independent company that evaluates wireless networks, shows that Sprint is improving its network, having solidified third place nationally in overall performance, surpassing T-Mobile for the second consecutive six-month stretch. PRICE ACTION: Sprint is up 7c, or 1.52%, to $4.67 in morning trading.
08:08 EDTLNVGYBrocade expands OEM relationship with Lenovo
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August 17, 2015
18:12 EDTSSprint to move away from two-year contracts, WSJ says
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09:03 EDTLNVGYLenovo, StorMagic to offer software-defined-storage for small business
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08:22 EDTSSprint customers can upgrade iPhone anytime, included in monthly rate
Sprint (S) announced that customers can upgrade their Apple (AAPL) iPhone anytime, included in their monthly rate. New and upgrade eligible Sprint customers can get iPhone for just $22 per month with iPhone Forever. Anytime customers don't have the latest iPhone, they are eligible to upgrade. They bring their iPhone, upgrade on the spot and away they go. It's that simple. iPhone Forever is available on any eligible Sprint rate plan and upgrade eligibility is always included in your price. New or existing customers who are upgrade eligible can bring in any smartphone and get a 16GB iPhone 6 model and their monthly rate will be reduced to just $15 until their next upgrade. As a special promotion, customers who get iPhone 6 and upgrade before December 31 continue with the discount price of $15 until their next upgrade.
07:39 EDTVZ, IBMTMC to hold a conference
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07:30 EDTLNVGYLenovo weakness overdone, says Bernstein
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06:26 EDTTAmerica Movil removes charges on U.S. calls for Mexican clients, Reuters says
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06:17 EDTTAT&T aided NSA in web surveillance, NYT reports
The National Security Agency's, or NSA, ability to spy on great amounts of internet traffic has relied on a decades-long partnership with AT&T, the New York Times reports, citing newly disclosed NSA documents. The company's cooperation with the NSA has involved a broad range of activities from 2003-2013, including giving the NSA access to billions of emails and providing technical assistance in carrying out a secret court order permitting the wiretapping of all web communications at the UN headquarters, the report says. AT&T installed surveillance equipment in "at least" 17 of its U.S. internet hubs, the report says. Reference Link
August 16, 2015
13:59 EDTIBMIBM product development strategy leaves cause for concern, Barron's says
IBM's hefty dividend and buyback programs have expended upward of 80% of operating cash flow in the past three years, and the company's "thin" R&D investments should give investors a "reason to be concerned," Barron's contends in its 'Technology Trader' column. Reference Link
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