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Stock Market & Financial Investment News

News Breaks
January 16, 2014
08:37 EDTAVGO, MLNXITC rules Mellanox did not infringe Avago's VCSEL Driver patent
Mellanox (MLNX) announced that on December 13, 2013, the Administrative Law Judge of the U.S. International Trade commission found that Mellanox’s production and sale of its Active Optical Cable products do not infringe Avago’s (AVGO) U.S. Patent Number 5,596,456, directed to a VCSEL driver, which was asserted against Mellanox by Avago in an ITC complaint filed in September 2012. In the investigation, Avago sought a ruling that the IPtronics’ drivers utilized in active optical cable products infringed the ‘456 patent The ALJ did make a finding, however, that certain Mellanox products that contain a particular type of vertical cavity surface emitting laser do infringe another of Avago’s patents, US Patent No. 5,596,595, directed to a VCSEL. Mellanox has asked the ITC to review this initial finding. The final determination on this issue is not expected until mid-April. The VCSELs in the products at issue are supplied to Mellanox by third parties. The proceedings and final resolution of the issues raised by Avago in the ITC are not currently expected to impact Mellanox’s current or planned product offerings or have a material adverse effect on the company’s business, financial position, results of operations or cash flow.
News For MLNX;AVGO From The Last 14 Days
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August 28, 2015
10:26 EDTAVGOOptions with decreasing implied volatility
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August 27, 2015
09:26 EDTAVGOOn The Fly: Pre-market Movers
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08:23 EDTAVGOAvago story remains compelling following results, says Brean Capital
Brean Capital said the Avago story remains compelling after the company reported a solid Q2 beat after competitors gave cautious commentary. Brean Capital reiterated its Buy rating on shares, citing valuation, expectations for better operating expenses, and a "world class" diversified semiconductor portfolio, but lowered its price target to $170 from $180 on Avago.
August 26, 2015
20:03 EDTAVGOOn The Fly: After Hours Movers
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17:24 EDTAVGOAvago says FBAR capacity may remain pressured for 'extended' time period
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16:07 EDTAVGOAvago sees Q4 GAAP revenue $1.84B plus or minus $25M, consensus $1.86B
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16:06 EDTAVGOAvago reports Q3 EPS $2.24, consensus $2.14
Reports Q3 revenue $1.74B, consensus $1.74B.
15:00 EDTAVGONotable companies reporting after market close
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August 25, 2015
09:59 EDTAVGOOn The Fly: Analyst Upgrade Summary
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08:32 EDTMLNXMellanox says EDR 100Gb/s InfiniBand solutions selected by KTH Royal
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07:30 EDTAVGO, AVGOAvago upgraded to Buy from Outperform at CLSA
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August 24, 2015
09:45 EDTAVGOOn The Fly: Analyst Downgrade Summary
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09:27 EDTAVGOAvago downgraded to Sell from Hold at Drexel Hamilton
Drexel Hamilton downgraded Avago (AVGO) to Sell and reduced its price target to $95 from $125. The firm said Broadcom (BRCM) acquisition will require large amounts of debt and financing will be difficult given the situation in the capital markets.
06:22 EDTAVGOTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link

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