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Stock Market & Financial Investment News

News Breaks
January 15, 2013
12:17 EDTMLNX, INTCMellanox advances after UBS ups rating to Buy
Israel's Mellanox (MLNX), which develops chips that enable data transmission among different devices, is climbing after UBS analyst Steven Milunovich upgraded the stock to Buy from Neutral. The stock's risk/reward ratio is compelling, as the shares are unlikely to drop by a large amount, the analyst said earlier today in a note to investors. Mellanox's InfiniBand switch is moving into new markets, and should gain market share in the storage space, he wrote. Intel (INTC) is likely to enter Mellanox's market in 2014 or 2015, but that risk is already reflected in Mellanox's stock price, according to Milunovich, who raised his price target on the shares to $65 from $56. In early afternoon trading, Mellanox climbed $1.80, or 3.56%, to $52.31.
News For MLNX;INTC From The Last 14 Days
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December 22, 2014
14:29 EDTINTCSemiconductor revenue on track for 9.4% expansion in 2014, IHS says
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December 19, 2014
07:42 EDTINTCEPAM, WisdomTree added to Franchise Pick list at Jefferies
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December 18, 2014
16:09 EDTMLNXSecurities action against Mellanox dismissed
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10:01 EDTINTCOn The Fly: Analyst Initiation Summary
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06:16 EDTINTCIntel initiated with a Neutral at Citigroup
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December 17, 2014
08:55 EDTINTCJD.com signs partnership pact with Intel on shopping tech, Marbridge Daily says
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December 16, 2014
11:31 EDTINTCRackspace looks to reduce reliance on Intel chips, Bloomberg says
Rackspace Hosting (RAX), which has been testing server computers based on IBM (IBM) Power chip designs, is looking to reduce its reliance on Intel (INTC) chips as it shifting to some server computers based on modified International Business Machine processors, says Bloomberg. Reference Link
December 8, 2014
07:28 EDTMLNXFBN Securities to hold a bus tour
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