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Stock Market & Financial Investment News

News Breaks
August 21, 2014
06:58 EDTSSNLF, SHCAY, LPL, AUOLarge-size panel demand increases in Q2 with LG Display in lead, DigiTimes says
Large-size panel demand increased in Q2 driven by a shift to larger sizes in applications, reports DigiTimes. Citing DisplaySearch, LG Display (LPL) maintained its lead with 25% of units shipped in Q2 while Innolux surpassed Samsung (SSNLF) Display for second place. AU Optronics AUO) ranked fourth in the rankings. Large size-panel demand, however, is likely to fall in Q3 as tablet panel shipments will decline 1% and notebook panel shipments are expected to remain flat. Reference Link
News For LPL;SSNLF;AUO;SHCAY From The Last 14 Days
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April 24, 2015
07:21 EDTLPLApple Watch teardown casts doubt on rumored upgradability, iFixit reports
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April 21, 2015
10:34 EDTSSNLFCorning sapphire glass rumored to be in new Apple iPhone, PatentlyApple says
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05:59 EDTSSNLFReport: Samsung considers moving LCM business from S Korea, DigiTimes says
Samsung Display is considering moving its LCD module business to China or Vietnam from South Korea, reports DigiTimes. According to a Korean-language AJU Business Daily report, the move comes after related labor expenses in South Korea is rising dramatically. Since the assembly of LCD modules still require heavy manual labor, Samsung Display is looking to move production lines out of South Korea to save costs. Reference Link
05:58 EDTAUOReport: AU Optronics to supply Apple with iPhone panels, DigiTimes says
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April 20, 2015
14:48 EDTSSNLFQualcomm to have Samsung foundry make next high-end chip, Re/code says
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05:44 EDTAUOAU Optronics says operations not affected by Taiwan earthquake, DigiTimes says
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April 16, 2015
07:44 EDTSSNLFApple calls audible to award 30% of A9 chip orders to TSM, Apple Insider says
Apple (AAPL) has made a "last minute decision" to recruit TSMC (TSM) for 30% of A9 chip orders for its next iPhone after GlobalFoundries continued to experience poor yield rates on production of the next-generation CPU, reports AppleInsider. According to a note from KGI Securities Ming-Chi Kuo, Globalfoundries A9 chip yield rate was at about 30% iyeld rate, well below the "basic requirement" of 50%. Kuo adds that Apple is concerned that Samsung's (SSNLF) chipmaking business may not be able to supply enough of its 14-nanometer design. Reference Link
06:23 EDTSHCAYSharp, lenders close to $1.7B rescue, restructuring plan, Reuters reports
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05:55 EDTSSNLFGalaxy S6 expected to reach 70M in sales during 2015, DigiTimes reports
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April 15, 2015
15:05 EDTSSNLFEarnings Watch: SanDisk to report Q1 results after lowering revenue guidance
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10:06 EDTSSNLFSamsung creates team to work exclusively on Apple devices, Bloomberg reports
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06:14 EDTSSNLFSamsung may be borrowing from Apple profit margin strategy, WSJ reports
Samsung (SSNLF) could be borrowing from Apple's (AAPL) profit margin strategy by charging customers $100 more for each incremental gain in storage capacity, reports the Wall Street Journal. IHS senior director of research and analytics Andrew Rassweiler said it costs Samsung makes an extra $87 in profit each time it sells a 64-gigabyte Galaxy S6 and an extra $160 each time it sells a 128-gigabye device. Rassweiler adds that Apple has been structuring its iPhone offerings like this for years to improve margins. Reference Link
05:55 EDTSSNLFSamsung Taiwan mobile business general manager to resign, DigiTimes reports
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April 14, 2015
12:40 EDTSSNLFPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
10:27 EDTSSNLFSamsung's Galaxy S6 Edge costliest phone to build, Re/code reports
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05:46 EDTSSNLFReport: Samsung to hold off release of flexible tablets in 2015, DigiTimes says
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05:46 EDTAUOReport: AUO may face $1B fine, probation for compliance issues, DigiTimes says
AU Optronics could face a $1B fine and five years of probation for allegedly failing to implement compliance policies, reports DigiTimes. Citing a report from Law360 that quoted prosecutors from the U.S. Attorney's Office, the fee comes after it was convicted of conspiring to fix pricing. The report added that AU Optronics responded by saying that it has already created compliance documents, trained more than 1,000 employees and hired a Chief Antritrust Compliance. Reference Link
April 13, 2015
06:09 EDTSSNLFSamsung semiconductor CapEx to reach $15B in 2015, DigiTimes reports
Samsung's semiconductor capital spending is expected to reach a record $15B in 2015, reports DigiTimes Research. The company's CapEx for system ICs is expected to reach $4B, mainly to finance the commencement of its Line-17 fab in Hwasong and a buildup of its plant in Austin, Texas. Reference Link

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