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Stock Market & Financial Investment News

News Breaks
April 1, 2014
09:15 EDTQCOM, MRVLMarvell shares attractive at current levels, says MKM Partners
After a judge reduced the compensation that Marvell (MRVL) must pay to Carnegie Mellon to about 25% of the amount awarded by a jury, MKM Partners thinks the ruling removes a major overhang on Marvell's stock. The firm believes that concerns about the competition that Marvell faces from Qualcomm (QCOM) and Mediatek in China 4G is overdone, while the firm expects Marvell's full year revenue to surpass the consensus outlook. The firm keeps a Buy rating on the shares.
News For MRVL;QCOM From The Last 14 Days
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May 25, 2015
12:37 EDTQCOMQualcomm, Daimler announce strategic collaboration on connected car technology
Daimler AG (DDAIF) and Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), announced a strategic collaboration focused on vehicle innovation. In the first phase of the collaboration, the companies will focus on developing vehicles with mobile technologies such as 3G/4G connectivity, wireless charging technology, and implementation of the Qualcomm "Halo" wireless electric vehicle charging technology. In addition, the companies are jointly assessing the application of Qualcomm's newly developed "Automotive Solutions." Qualcomm Technologies is collaborating with Daimler on its wireless power transfer 2.0 program for electric vehicles. The Qualcomm Halo technology could allow Daimler customers to charge their electric vehicles and plug-in hybrid EVs without having to plug them in. In addition, Qualcomm WiPower technology enables consumer electronics to charge wirelessly in-vehicle.
May 22, 2015
06:01 EDTMRVLStocks with implied volatility above IV index mean; ALTR MRVL
Stocks with implied volatility above IV index mean; Altera (ALTR) 68, Marvell (MRVL) 40 according to iVolatility.
05:52 EDTMRVLStocks with implied volatility movement; MRVL LBYTA
Stocks with implied volatility movement; Marvell (MRVL) 40, Liberty Global (LBTYA) 28 according to iVolatility.
May 21, 2015
18:49 EDTMRVLOn The Fly: After Hours Movers
UP AFTER EARNINGS: Hewlett-Packard (HPQ), up 1%. ALSO HIGHER: Autobytel (ABTL), up 14.1% after acquiring Dealix Corporation and Autotegrity from CDK Global (CDK) for $25M and raising fiscal 2015 guidance... StemCells (STEM), up 2.5% after being initiated with a Buy at Cantor... PTC Therapeutics (PTCT), up 2.3% after a Benefit Assessment by Germany's Federal Joint Committee indicated that Translarna provided a benefit for ambulatory patients... CBOE Holdings (CBOE), up 1.6% after raising share repurchase authorization by $100M... Cypress Semiconductor (CY), up 1.2% after being initiated with a Buy at Mizuho. DOWN AFTER EARNINGS: Aeropostale (ARO), down 18.5%... Brocade (BRCD), down 2.1%... Marvell Technology (MRVL), down 2.9% after reporting quarterly results and departure of CFO. ALSO LOWER: Otonomy (OTIC), down 17.7% following report of Phase 2b topline data for OTO-104... Viggle (VGGL), down 18.8% after filing to sell common stock... CEL-SCI (CVM),down 2.7% after announcing a proposed offering of common stock and warrants.
16:11 EDTMRVLMarvell CFO Mike Rashkin to depart May 22
Marvell Technology announced that Mike Rashkin has expressed his intention to retire as CFO, a role that he has held since December 2013. Rashkin's retirement will be effective May 22. The board appointed Sukhi Nagesh, VP of finance and investor relations, to serve as interim CFO, effective May 22.
16:10 EDTMRVLMarvell sees Q2 adjusted EPS 11c plus or minus 1c, consensus 16c
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16:08 EDTMRVLMarvell reports Q1 adjusted EPS 13c, consensus 10c
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15:35 EDTMRVLMarvell May 14.5 weekly straddle priced for 6% movement into Q1
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15:17 EDTMRVLMarvell technical notes ahead of earnings
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15:01 EDTMRVLNotable companies reporting after market close
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08:18 EDTMRVLMarvell May weekly volatility elevated into Q1 and outlook
Marvell May weekly call option implied volatility is at 75, July is at 30; compared to its 90-average of 32, suggesting large near term price movement in to the expected release of Q1 results on May 22.
07:32 EDTQCOMQualcomm initiates $5B accelerated share repurchase
Qualcomm announced that it has entered into accelerated share repurchase agreements with two financial institutions to repurchase an aggregate of $5B of Qualcomm's common stock, with an initial delivery of approximately 57.7M shares. The final number of shares to be repurchased will be based on the volume-weighted average stock price of Qualcomm's common stock during the term of the transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR Agreements. The company is funding the accelerated share repurchase with proceeds from its recently completed $10B debt offering.
May 15, 2015
17:33 EDTQCOMPoint72 Asset Management gives quarterly update on stakes
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16:51 EDTMRVLGreenlight Capital gives quarterly update on stakes
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10:55 EDTQCOMJANA Partners gives quarterly update on stakes
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May 14, 2015
11:05 EDTQCOMQualcomm expands industry collaboration to grow Internet of Everything
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May 13, 2015
07:34 EDTQCOMEdX and Qualcomm collaborate to build next-generation mobile learning experience
EdX and Qualcomm Education, a subsidiary of Qualcomm, announced a collaboration to further develop edX's MOOC mobile capabilities and enhance its open source platform to benefit connected learners around the world. As part of the collaboration, Qualcomm Education will contribute engineering resources and will license elements of its SDK code, which edX will distribute to the Open edX community.

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