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Stock Market & Financial Investment News

News For MSFT;DELL;HPQ From The Last 14 Days
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May 17, 2013
14:03 EDTDELLMarket set to finish week with gains after Cisco results, comments
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10:17 EDTMSFTMicrosoft continues its quiet stealth rally, levels to watch
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09:37 EDTHPQActive equity option families trading on open
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08:29 EDTMSFT, DELLJPMorgan's business and information services analyst holds a conference call
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08:02 EDTDELLDell results could increase votes for Silver Lake offer, says Wells Fargo
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07:00 EDTHPQHewlett-Packard volatility elevated into Q2 and revenue outlook
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May 16, 2013
18:01 EDTDELLDell continues to expect 'relatively weak' demand in end-user PC business
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16:05 EDTDELLDell reports Q1 enterprise solutions, services, software revenue up 12% to $5.5B
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16:02 EDTDELLDell not providing guidance for Q2
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16:01 EDTDELLDell reports Q1 adjusted EPS 21c, consensus 35c
Reports Q1 revenue $14.1B, consensus $13.52B.
15:14 EDTDELLNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c.
13:58 EDTDELLEarnings Preview: Dell facing uncertainty about going private ahead of Q1 report
Dell (DELL) is set to report Q1 earnings after the market close on Thursday, May 16, with a conference call scheduled for 4:45 pm ET. Dell is a global IT company that operates enterprise, business, and consumer segments. EXPECTATIONS: Analysts are looking for EPS of 35c on revenue of $13.52B, according to First Call. The consensus range for EPS is 28c-42c on revenue of $12.6B-$14.22B. A report by Dow Jones earlier this week said Dell will report non-GAAP EPS of 20c on revenue of about $14B. LAST QUARTER: Dell reported Q4 adjusted EPS of 40c against consensus for 39c on revenue of $14.3B against estimates for $14.12B. On its Q4 earnings conference call, the company said it expects continued margin pressure and market competitiveness in 2013. GO-PRIVATE NEWS: On February 5, Dell officially announced that it had agreed to be taken private for $13.65 per share by a consortium lead by Silver Lake. On March 25, Dell announced it had received two alternative proposals during its go-shop process, which began following its February 5 announcement. These proposals included a $14.25 per share offer from Blackstone (BX), and a $15 per share offer from Carl Icahn and affiliated funds, including Icahn Enterprises (IEP). On April 19, Dell announced that Blackstone decided not to submit a bid for the company. Last Friday, Icahn and Southeastern Asset Management, which collectively hold about a 13% stake in Dell, submitted an alternative proposal to Dell's board. The Icahn and Southeastern proposal would allow Dell shareholders to receive a $12 per share cash distribution or $12 of additional shares valued at $1.65 per share. On Monday, the special committee of Dell's board asked Icahn and Southeastern for more information related to proposal, while Icahn and Southeastern proposed a slate of directors to the company's board that same day. COMPANY NEWS: In addition to news surrounding the company's go-private proposal, data regarding global PC demand has also weighed on Dell. On April 10, data from IDC said worldwide PC shipments totaled 76.3M in Q1, a 13.9% decline from the prior year period, which was worse than the expected decline of 7.7%. IDC also added that this year-over-year decline was the worst since the firm began its quarterly tracking of the PC market in 1994. On March 28, data released by Gartner said worldwide IT spending is projected to increase 4.1% in 2013 to $3.8T. PRICE ACTION: Shares of Dell have slid more than 2.5% since the first day of trading following its Q4 report. Following the March announcement that Dell received alternative proposals from Blackstone and Icahn, shares closed as high as $14.51 per share. Through April, however, shares of Dell slipped, including a sharp decline after disclosing Blackstone withdrew its offer, with shares closing as low as $13.09 per share. In afternoon trading ahead of its Q1 report, shares of Dell are down 0.2%, to about $13.42.
13:57 EDTDELLDell May 13 straddle priced for 1.7% move into Q1
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10:25 EDTMSFTMicrosoft discussing 'glasses' tech with Vuzix, NY Post says
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07:02 EDTMSFTYouTube demands that Microsoft pull YouTube app, The Verge reports
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06:23 EDTMSFTMicrosoft second-generation Surface to be between $249-$299, DigiTimes says
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06:21 EDTMSFTMicrosoft to launch 8-inch Surface in June, Digitimes says
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05:59 EDTMSFTHigh tech firms involved in immigration battle, WSJ reports
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May 15, 2013
17:09 EDTMSFTGreenlight gives quarterly update on stakes
NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG).
16:48 EDTDELLIcahn gives quarterly update on stakes
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16:08 EDTMSFTGoogle sites lead U.S. April searches with 66.5% of searches, comScore says
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13:26 EDTMSFTMicrosoft to grow tablet sales outlets by about 50% in Japan, Nikkei says
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11:37 EDTMSFTMicrosoft replacing Xbox points with gift cards, currency, The Verge reports
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09:39 EDTHPQHewlett-Packard estimates remain below Street at Cleveland Research
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08:08 EDTDELL, HPQPC sales decline in Western Europe, Economic Times reports
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07:38 EDTMSFTMicrosoft has numerous potential catalysts, says Stifel
Stifel names the release of Windows 8.1, a stabilization of the PC market, and the launch of Windows devices costing less than $500 as potential catalysts for Microsoft. The firm raised its price target on the shares to $38 from $36 and keeps a Buy rating on the stock.
May 14, 2013
16:23 EDTDELLOn The Fly: Closing Wrap
Stocks on Wall Street were higher on a Tuesday again, keeping the strange "Tuesday in 2013" streak alive. Some positive domestic economic data and bullish commentary from Appaloosa Management's David Tepper set the tone early and the averages traded with an upward bias for almost the entire trading day. Today's advance means that every Tuesday this year has seen the market log gains, and investors will have to wait another week to see if the pattern continues. ECONOMIC EVENTS: The NFIB small business optimism index for April rose to 92.1, versus expectations for it to climb to 90.3 from its prior 89.5 reading. Import prices were reported to have declined 0.5% in April, which was in-line with expectations. Export prices declined 0.7%, versus a forecast for a 0.1% drop in the month. COMPANY NEWS: Dell (DELL) shares lost 6c, or 0.44%, to $13.46 after Dow Jones said the company will report first quarter non-GAAP earnings of 20c per share, 15c below current consensus estimates. That followed an earlier report from CNBC's David Faber, who also said the company will report earnings that miss expectations and accurately called that Dell has moved its report to Thursday, which is earlier than had been expected... Sony (SNE) shares added $1.87, or 9.9%, but closed off their best levels at $20.76 after the New York Times reported that Dan Loeb of Third Point has built a 6.5% stake and proposes that the company take its entertainment unit public. MAJOR MOVERS: Among notable gainers was InterOil (IOC), up $7.46, or 9.57%, to $85.39 after reporting its earnings and saying its talks with "major oil companies and a national oil company" about a potential LNG partnership are in the final stages. Also higher was SodaStream (SODA), up $6.79, or 11.85%, to $64.08 after at least two analyst firms raised their price target on shares following yesterday's analyst day presentations. Among noteworthy losers was Solar City (SCTY), down $4.44, or 12.37%, to $31.44 after the company's first quarter earnings missed expectations and the stock was downgraded by at least two firms. Also lower was Velti (VELT), down 29c, or 14.5%, to $1.71 after its revenue outlook fell below estimates. INDICES: The Dow was up 123.57, or 0.82%, to 15,215.25; the Nasdaq was up 23.82, or 0.69%, to 3,462.61; and the S&P 500 was up 16.57, or 1.01%, to 1,650.34.
15:36 EDTMSFTMicrosoft confirms Windows 8.1 update scheduled for June 26
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13:18 EDTDELLDell to report Q1 non-GAAP EPS 20c, Dow Jones says
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12:35 EDTDELLDell holder Pzena prefers Icahn, Southeastern proposal, CNBC reports
Cites statement from Rich Pzena, who called the Icahn and Southeastern proposal "superior" to the "go-private" deal supported by founder Michael Dell.
11:18 EDTDELLDell earnings to miss consensus expectations, CNBC reports
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11:17 EDTDELLDell May volatility increases into Q1 and revenue outlook
Dell May call option implied volatility is at 33, June and July is at 14; compared to its 14-week average of 16 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 16.
11:13 EDTDELLDell moving up earnings announcement to Thursday, CNBC reports
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11:12 EDTDELLDell earnings expected to be below consensus, CNBC reports
10:49 EDTDELLDell accuses optical disk drive makers of price-fixing, Bloomberg says
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08:19 EDTDELLDavid Tepper says Dell in tough business, no position in company
07:27 EDTMSFTNokia introduces Lumia 925 with metal body, PureView camera
Nokia (NOK) introduced the Nokia Lumia 925, which introduces a metal design and includes the most advanced lens technology and next generation imaging software for clearer, sharper pictures and video, including the best low light images. The Nokia Lumia 925 also introduces the new Nokia Smart Camera mode, coming as an update to all Lumia Windows Phone 8 smartphones. The Lumia 925 is being introduced into Europe with Vodafone (VOD), along with other operator and retail partners. In addition to Europe, the Nokia Lumia 925 will be introduced into the US by T-Mobile (TMUS) and into China by China Mobile (CHL) and China Unicom (CHU). Sales are expected to start in the U.K., Germany, Italy, Spain and China in June, followed by the U.S. and a number of other markets.
05:53 EDTMSFTWeb browsers are being reinvented, WSJ reports
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05:44 EDTDELLBanks work deals from both sides of the field, WSJ reports
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May 13, 2013
16:49 EDTDELLIcahn, Southeastern to nominate several parties to Dell board
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16:27 EDTHPQHewlett-Packard hasn't tried to sell Autonomy to SAP, AllThingsD reports
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16:25 EDTDELL, MSFTOn The Fly: Closing Wrap
Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77.
15:45 EDTHPQOptions Update; May 13, 2013
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14:24 EDTMSFTBarnes & Noble tumbles after blog pans potential Nook deal
Shares of Barnes & Noble (BKS) are sinking after website Insider Monkey stated that Microsoft (MSFT) doesn't plan to buy the book retailer's NOOK Media unit in the near future. Last Thursday another website, TechCrunch, reported that Microsoft was considering acquiring NOOK Media, which includes NOOK devices and other digital businesses, for $1B. WHAT'S NEW: "Nothing imminent is happening" between Microsoft and NOOK, Insider Monkey quoted a "highly placed source" at Microsoft as saying. TechCrunch's story was "only a rumor," the unnamed source added, according to Insider Monkey. WHAT'S NOTABLE: Microsoft has already invested $300M in NOOK Media in exchange for a stake of about 17% in the unit. The New York Times last week quoted a source as saying that the TechCrunch story was based on valid documents, but that they appeared to be at least several weeks old. The book retailer's stock surged over 20% on Thursday after TechCrunch published its story. TODAY'S PRICE ACTION: In mid-afternoon trading, Barnes & noble fell $2.90, or 12.40%, to $20.40.
13:38 EDTMSFTMicrosoft, Barnes & Noble NOOK deal unlikely, InsiderMonkey says
A report by InsiderMonkey, citing a "highly placed source inside Microsoft (MSFT)," says reports last week that Microsoft may look to acquire buy Barnes & Noble's (BKS) NOOK Media assets were only a rumor, with the source adding that "[Microsoft] has no intention of acquiring the NOOK unit." Shares of Barnes & Noble, which had been flat for the session, are now sharply lower, down $2.86, or 12.17%, to $20.45. Reference Link
12:20 EDTDELLOn The Fly: Midday Wrap
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10:41 EDTHPQSAP says HP offered to sell Autonomy, London Times reports
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07:22 EDTDELLDell special committee asks for more info from Icahn, Southeastern Asset
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07:17 EDTDELLDell special committee asks for more info from Icahn, Southeastern Asset
05:53 EDTMSFTU.K. game industry experiences a revival, WSJ reports
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May 12, 2013
18:35 EDTDELLCarl Icahn's newest offer could be better deal for Dell holders, Barron's says
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May 10, 2013
16:29 EDTDELLOn The Fly: Closing Wrap
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14:52 EDTHPQMarket poised to end week higher as tech helps lead advance
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13:07 EDTDELLDell committee says 'carefully reviewing' Icahn, Southeastern proposal
Dell's Special Committee issued a statement regarding a proposal it has received from Carl Icahn and Southeastern Asset Management. The statement read: "Mr. Icahn and Southeastern have outlined a potential leveraged recapitalization transaction that they want the Dell Board either to recommend at this time or to consider if the existing going-private transaction is rejected by Dell shareholders. They have also proposed replacing the Board with a slate of new directors who they say would approve such a transaction. Consistent with the Special Committee’s goal of achieving the best possible outcome for all shareholders, we and our advisors are carefully reviewing the potential transaction to assess the potential risks and rewards to the public shareholders."
13:05 EDTDELLDell committee says 'carefully reviewing' Icahn transaction
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12:51 EDTDELLCarl Icahn: 'I've made fortunes going against Jim Chanos'
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12:47 EDTDELLIcahn says if board is elected, Michael Dell won't run Dell
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12:46 EDTDELLIcahn says would personally put up over $2B for Dell bridge loan if needed
Carl Icahn is speaking on CNBC.
12:42 EDTDELLIcahn says 'not looking to make a dollar' on Dell shares
Carl Icahn is speaking on CNBC.
12:39 EDTDELLIcahn says proposing full slate of 12 Dell board members on Monday
Carl Icahn is speaking on CNBC.
12:37 EDTDELLIcahn says Dell needs change in culture
Carl Icahn is speaking on CNBC.
12:31 EDTDELLOn The Fly: Midday Wrap
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07:48 EDTMSFTMicrosoft says Yammer sales up 259%, added 312 customers in quarter
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06:15 EDTDELLIcahn reports 4.52% stake in Dell, sends buyout proposal to board
Carl Icahn disclosed a 4.52% stake in Dell as well a letter sent to the company's board offering an alternative buyout proposal. The letter stated in part, "We are a group of Dell Inc. shareholders that own in the aggregate approximately 13% of the outstanding shares of Dell Inc. From the announcement of the Agreement and Plan of Merger, dated as of February 5, 2013 we have stated repeatedly that we believe that the Going Private Transaction is not in the best interests of Dell shareholders and substantially undervalues the company. As a result, we will vote against the Going Private Transaction." The group's proposal gives shareholders the right to continue as owners and keep their existing equity position in Dell. The shareholders would also be given the opportunity to elect to receive a distribution of $12 per share in cash or $12 in additional shares valued at $1.65 per share. Icahn and Southeastern said they would both elect to receive additional shares rather than cash. Both investors said financing for their proposal would be obtained from Dell's existing cash and $5.2B in new debt. Icahn and Southeastern believe their proposal is superior to Dell's going private transaction.
06:08 EDTDELLCarl Icahn discloses 4.52% stake in Dell, proposal letter to board
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06:03 EDTDELLIcahn, Southeastern propose alternative buyout for Dell, WSJ reports
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May 9, 2013
16:47 EDTMSFTOn The Fly: Closing Wrap
Stocks on Wall Street were lower, breaking the recent streak of the Dow and S&P 500 setting new closing highs. The averages moved higher during the afternoon, as the dollar topped the Y100 level for the first time in three years, though the averages fell again and failed to regain positive territory into the close. ECONOMIC EVENTS: In the U.S., jobless claims fell 4K from the prior week to 323K, which was below the consensus 335K claim forecast. Wholesale inventories rose 0.4% in March, which matched expectations. In Asia, Chinese consumer prices increased 2.4% in April, which was just above expectations, and producer prices fell 2.6%, which was more than expected. Also, the Bank of Korea unexpectedly cut its interest rate. COMPANY NEWS: Two heavily shorted stocks, Tesla (TSLA) and Green Mountain Coffee Roasters (GMCR), surged after reporting quarterly earnings after yesterday's close. Tesla added $13.61, or 24.4%, to $xx 69.40 after its top and bottom line results beat Street estimates and it raised its full-year vehicle delivery outlook to 21,000 from 20,000 vehicles. Green Mountain shares gained $16.56, or 27.84%, to $76.04 after the company's earning came in better than expected and it announced a long-term strategic partnership with Starbucks. MAJOR MOVERS: Among the notable gainers was Barnes & Noble (BKS), up $4.31, or 24.25%, to $22.08 after a report saying Microsoft (MSFT) is considering acquiring the digital assets of Nook Media. Also higher was News Corp. (NWSA), up $1.43, or 4.49%, to $33.29 after its third quarter earnings were in-line and its revenues topped consensus estimates. Among the noteworthy losers Rackspace (RAX), down $12.88, or 24.66%, to $39.36 after its second quarter revenue missed Street estimates and its stock received downgrades from at least four analyst firms. Also lower following its quarterly report was Monster Beverage (MNST), which fell $2.96, or 5.2%, to $54.01. INDICES: The Dow was down 22.50, or 0.15%, to 15,082.62; the Nasdaq was down 4.10, or 0.12%, to 3,409.17; and the S&P 500 was down 6.02, or 0.37%, to 1,626.67.
12:35 EDTMSFTOn The Fly: Midday Wrap
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09:19 EDTMSFTOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tesla (TSLA), up 23.7%... Green Mountain (GMCR), up 14.5%... Groupon (GRPN), up 14.1%... Walter Investment (WAC), up 6.1%... News Corp. (NWSA), up 3.9%... ALSO HIGHER: Barnes & Noble (BKS), up 29.4% after TechCrunch says Microsoft (MSFT) may buy Nook Media assets for $1B... Oil States (OIS), up 4.2% after David Einhorn recommends shares at investor conference... MGM Resorts (MGM), up 1.2% following upgrade to Buy at Sterne Agee. DOWN AFTER EARNINGS: Rackspace (RAX), down 21.6%... Monster Beverage (MNST), down 9.8%... McDermott (MDR), down 8.3%... Activision Blizzard (ATVI), down 7.1%. ALSO LOWER: Seagate (STX), down 3.4%, and Western Digital (WDC), down 2.2% after negative mention of both by Jim Chanos at Sohn conference.
07:44 EDTMSFTMicrosoft new CFO positive, says Oppenheimer
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07:37 EDTMSFTBarnes & Noble volatility flat into Microsoft may acquire Nook Media assets
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06:40 EDTMSFTMicrosoft may acquire Nook Media assets for $1B, TechCrunch reports
Microsoft (MSFT) is considering to acquire the digital assets of Nook Media for $1B, reports TechCrunch. Microsoft would redeem preferred units of Nook Media, a joint venture with Barnes & Noble (BKS) and other investors. Nook Media may also plan to discontinue its Android-based tablet business by end of FY14. Reference Link
05:54 EDTDELLStocks with implied volatility movement; DELL BAX
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May 8, 2013
16:07 EDTMSFTMicrosoft names Amy Hood new CFO
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09:50 EDTHPQPacific Crest has more questions than answers on Fusion-io
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09:20 EDTHPQFusion-io plummets after resignations of CEO, Chief Marketing Officer
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07:49 EDTHPQBofA/Merrill's semiconductor analyst holds an analyst/industry conference call
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07:18 EDTMSFTLockheed Martin to host a conference
13th Annual Information Technology Day is being held in Kennewick, Washington on May 8.
May 7, 2013
19:17 EDTMSFTYahoo! wants out of search deal with Microsoft, WSJ reports
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14:06 EDTMSFTYahoo U.S. search revenue guarantee extended by Microsoft
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12:54 EDTMSFTGoogle rumored to be planning stores to sell Google Glass, Business Insider says
Google (GOOG) is rumored to be planning retail stores specifically to sell Google Glass, Business Insider reports, citing a source. Previous reports suggested Google was developing retail stores, like Apple (AAPL) and Microsoft (MSFT), to sell a variety of products. Reference Link
09:26 EDTMSFTGameStop price target raised to $44 from $35 at SunTrust
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09:15 EDTMSFTMicrosoft says Windows 8 update to come later this year
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08:38 EDTMSFTAmazon leak reveals planned Windows 8 mini-tablet, Telegraph says
According to a listing that appeared briefly on Amazon's (AMZN) U.S. website before being removed, a new 7-inch Acer tablet priced at $379.99 will be the first Microsoft (MSFT) Windows 8 small tablet, reported The Telegraph. This device is expected to be the first of number of mini W8 tablets that will compete with Apple's (AAPL) iPad Mini, Google's (GOOG) Nexus 7 and Amazon's own Kindle Fire, the report added. Reference Link
08:28 EDTMSFTNokia to continue using Windows Phone software, Reuters reports
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07:10 EDTMSFTMicrosoft to tweak Windows 8 for small tablets, Reuters reports
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06:21 EDTHPQQualcomm elects Jonathan Rubinstein to board of directors
Qualcomm (QCOM) announced the election of Jonathan Rubinstein to its Board of Directors. Rubinstein brings more than 30 years of experience in the mobile, computing and consumer electronics industries to the position, and he last served as senior vice president of Product Innovation for Hewlett-Packard Company (HPQ) until January 2012.
06:07 EDTMSFTOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some of the world's biggest handset makers and telecom carriers are embracing alternative mobile operating systems this year in an attempt to become credible challengers to smartphones run by Apple (AAPL) and Google (GOOG), the Wall Street Journal reports...JPMorgan Chase (JPM) has yet to persuade three of its largest shareholders--BlackRock (BLK), Vanguard Group and Fidelity Investments--to back the company in a coming vote over whether James Dimon should retain his dual role of chairman and CEO, the Wall Street Journal reports...REUTERS: SoftBank (SFTBF) President Masayoshi Son said he will go to the U.S. today to meet Sprint Nextel’s (S) major shareholders about the Japanese company's takeover bid, after rival bidder Dish Network (DISH) said a U.S. company would make a better suitor., Reuters reports...Microsoft (MSFT) has sold 100M Windows 8 licenses in the six months since launch, but wants to combat sputtering interest in its flagship software with a substantial update to make it easier to use, and compatible with smaller tablets, Reuters reports...BLOOMBERG: Rio Tinto (RIO) will likely pursue a $5B expansion of its iron ore output in Australia, CEO Sam Walsh said, according to two people present at a meeting with investors and analysts, Bloomberg reports...Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $390B stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly, Bloomberg reports.
May 6, 2013
10:04 EDTDELLDell acquires enterprise cloud-management company Enstratius
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08:22 EDTMSFTAcer sees 'no value' in making tablet for current Windows RT, AllThingsD says
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07:43 EDTDELLIcahn looks for Dell board fight, NY Post reports
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07:27 EDTMSFTMicrosoft 720 may be delayed until Spring 2014, IB Times reports
Microsoft's (MSFT) next-generation Xbox may be delayed until the Spring of next year compared to a Sony (SNE) Playstation 4 pre-Christmas 2013 release, reports IB times. Analyst Michael Pachter and a Gamestop employee both asserted that a 2014 would be more sensible for the company. Reference Link
07:17 EDTMSFT, HPQSummit Business Media holds a conference
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May 4, 2013
10:28 EDTDELL, MSFTValuations could continue to drive tech stocks higher, Barron's says
Despite lackluster earnings reports, the technology sector continues to rally on attractive valuations and bullish investors, Barron's contends in its Technology Trader column. Reference Link
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