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Stock Market & Financial Investment News

News Breaks
October 22, 2012
07:26 EDTMSFT, HPQ, DELL, LNVGYMicrosoft Windows 8 launch comes amid worries about price, FT says
PC makers and manufacturers, who had previously expressed optimism that Microsoft's (MSFT) Windows 8 could spur desktop and laptop sales, are worrying that the new Windows 8 devices may be too expensive in the face of many competing options for consumers, according to Financial Times. Reference Link
News For MSFT;HPQ;DELL;LNVGY From The Last 14 Days
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May 21, 2013
15:40 EDTMSFTGameStop off lows after Microsoft says Xbox One will allow resale of games
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15:39 EDTMSFTMicrosoft says Xbox One will allow resale, trade-in of games, Bloomberg says
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15:24 EDTMSFTMicrosoft Xbox One seems to restrict used games, Kotaku says
Microsoft's (MSFT) Xbox One won't require an "always-on" Internet connection, but could very well block used games, Kotaku said, based on a company response given to a question posed by Wired. The Fly notes that GameStop (GME) shares are down 4.75% to $36.92 in late day trade following Microsoft's Xbox One event. Reference Link
14:18 EDTMSFTElectronic Arts announced EA Sports Ignite for Xbox One
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14:16 EDTMSFTMicrosoft announces Xbox One
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14:13 EDTHPQEarnings Preview: Hewlett-Packard shares up more than 20% since Q1 report
Hewlett-Packard (HPQ) is set to report Q2 earnings after the market close on Wednesday, May 22, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is an IT company that provides hardware, software, and business and enterprise solutions. EXPECTATIONS: Analysts are looking for EPS of 81c on revenue of $28.12B, according to First Call. The consensus range for EPS is 77c-83c on revenue of $27.01B-$29B. LAST QUARTER: HP reported Q1 EPS of 82c against estimates for 71c on revenue of $28.4B against estimates for $27.79B. HP said it sees Q2 EPS 80c-82c against then estimates for 77c. HP also reiterated its FY13 EPS view of $3.40-$3.60. In its Q1 earnings release, the company said personal systems revenue fell 8%, while consumer revenue fell 13%. On its Q1 earnings conference call, CEO Meg Whitman said the company's restructuring and turnaround plan was on track, but said the turnaround would not be linear. Whitman also said the company expects its personal systems revenue to decline at a faster rate than it did in Q1. On April 4, the company announced its chairman, Raymond Lane, would be stepping down, while also announcing that its independent director role would be eliminated. On April 10, IDC said worldwide PC shipments totaled 76.3M units in Q1, down 13.9% year-over-year, the largest decline since IDC began tracking global PC sales in 1994. On April 24, in an appearance on CNBC, noted short-seller Jim Chanos said he has been adding to his short position in HP. STREET RESEARCH: Analyst commentary since HP's Q1 report has been mixed, with the stock receiving an upgrade to Neutral from Sell at UBS the day after its Q1 report. On March 18, HP was upgraded to Overweight from Equal Weight at Morgan Stanley with a $27 price target, with the firm saying potential upside to free cash flow guidance could lead to aggressive buybacks and dividends. On April 2, Goldman downgraded the stock to Sell from Neutral with a $16 price target, saying incremental weakness in PC's, enterprise hardware, services, and printing will offset restructuring efforts. Citi also reiterated its Sell rating on HP following IDC's release of Q1 global PC shipments that showed a 13.9% decline. Last week, Cleveland Research said its estimates for HP remain below the Street, with the firm recommending investors remain on the sidelines. PRICE ACTION: Since the first day of trading following its Q1 report, shares of HP have gained more than 23.5%. Following HP's Q1 report, its shares jumped 12.28%, to $19.20, and shares closed as high as $23.84 in late March. In afternoon trading ahead of its Q2 report, shares of HP are unchanged at $21.18.
14:12 EDTMSFTNVIDIA announces PhysX support for Microsoft Xbox One
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14:05 EDTMSFTMicrosoft, NFL in multiyear agreement
Microsoft and the National Football League announced a multiyear partnership that will deliver a unique, interactive NFL television experience for the next-generation Xbox One and leverage Microsoft devices and services to evolve the in-game, sideline experience for coaches, players and other personnel. The agreement provides Microsoft with the rights to create exclusive interactive experiences through products such as Xbox One and Surface. As part of the partnership, Surface by Microsoft branding will appear on NFL sidelines, including on the hoods of the official on-field NFL instant replay stations. As part of the relationship, Microsoft will be granted the following designations: Xbox remains "The Official Game Console of the NFL" and will also become "The Official Interactive Video Entertainment Console"; Microsoft is "The Official Sideline Technology Sponsor of the NFL"; Surface by Microsoft and Windows are "The Official Tablet and PC Operating System of the NFL."
13:54 EDTMSFTActivision's Call of Duty downloadable content will come first to Xbox One
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13:50 EDTMSFTMicrosoft announces partnership with National Football League
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13:48 EDTMSFTMicrosoft announces live action Halo television series
Steven Spielberg to be involved with Halo series.
13:30 EDTMSFTElectronic Arts says starting new strategic partnership with Microsoft
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13:24 EDTMSFTMicrosoft unveils 'Xbox One' featuring voice, gesture control
Microsoft says next-generation video game system, to be called "Xbox One," will be an all-in-one system for entertainment. Says newly redesigned Kinect will allow for voice and gesture control of device. Information from live blog of Xbox event.
12:00 EDTHPQStocks with call strike movement; HPQ CLF
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10:59 EDTMSFTMicrosoft to hold a company event
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09:48 EDTMSFTMicrosoft breakout continues, levels to watch
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07:25 EDTMSFTMicrosoft price target raised to $40 from $33 at UBS
UBS believes Microsoft's shares can continue to move higher driven by improved earnings visibility, cloud momentum, a bottom in PC weakness, enterprise strength, and expectations for a seasonally strong 2H 2013. As a result, the firm reiterates its Buy rating and raised its price target to $40 from $33.
06:39 EDTMSFTMicrosoft to begin shipping volume shipments of new Xbox in Q3, Digitimes says
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May 20, 2013
16:55 EDTDELLS&P lowers Dell ratings to 'BBB' from 'A-', remains on watch negative
Standard & Poor's Ratings Services lowered its corporate credit and senior unsecured debt ratings on Dell to 'BBB' from 'A-', and its commercial paper rating to 'A-2' from 'A-1'. All ratings remain on CreditWatch, where they were placed with negative implications on Feb. 5. The initial CreditWatch listing reflected S&P's assessment that the $24.4B going private transaction, which includes a substantial portion of debt financing, will materially degrade Dell's financial risk profile, which S&P currently view as modest. Although Carl Icahn submitted a non-binding alternative acquisition proposal, the Michael Dell and Silver Lake Partners LBO proposal remains the only transaction that has been approved by Dell's board of directors. S&P's review of the LBO transaction terms and the company's ownership, business and financial strategy may also result in a downward revision of its assessment of Dell's business risk profile.
11:14 EDTDELLDell to deliver public cloud through partner ecosystem
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