News Breaks |
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| September 21, 2012 |
| 06:15 EDT |  | MSFT, HPQ | Congress looks at corporate loopholes in tax law, WSJ reports
As Congress prepares to debate an overhaul of America's business taxes next year, a Senate subcommittee investigating how multinational companies exploit the intricate U.S. corporate-tax code said Microsoft (MSFT) and Hewlett-Packard (HPQ) used accounting strategies to hold down their U.S. tax bills while moving profits in and out of the country, reports the Wall Street Journal. Much of that appears to comply with the letter of current tax regulations, though Senate investigators regard some of the practices used by H-P as potentially abusive and subject to challenge. Both companies said their strategies are legal. Reference Link |
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News For MSFT;HPQ From The Last 14 Days Check below for free stories on MSFT;HPQ the last two weeks. |
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| May 22, 2013 |
| 09:39 EDT |  | HPQ | Active equity option families trading
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| 09:24 EDT | | MSFT | Microsoft CEO says to hire 'several thousand' in China, Bloomberg reports
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| 08:53 EDT |  | MSFT | GameStop has positive read through from Xbox launch, says Sterne Agee
Sterne Agee believes that GameStop (GME) will benefit from several aspects of the launch of the new version of Microsoft's (MSFT) Xbox, including the fact that it will accept new games and is launching this year instead of 2014 as some reports had suggested. The firm keeps a $46 price target and Buy rating on GameStop. |
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| 08:45 EDT | | MSFT | Microsoft Xbox very compelling, says Stifel
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| 07:41 EDT |  | MSFT | PROS Holdings to host a conference
Outperform Europe 2013 is being held in Brussels, Belgium on May 22-23. |
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| 07:29 EDT | | MSFT | Xbox won't hurt pay TV companies in near-term, AllThingsD says
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| 07:24 EDT | | HPQ, MSFT | NetEvents International to host a summit
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| 07:12 EDT | | MSFT | GameStop may see pressure from used game uncertainty, says Piper Jaffray
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| 06:00 EDT | | HPQ | Hewlett-Packard implied volatility at upper end of index mean range
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| May 21, 2013 |
| 15:40 EDT |  | MSFT | GameStop off lows after Microsoft says Xbox One will allow resale of games
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| 15:39 EDT | | MSFT | Microsoft says Xbox One will allow resale, trade-in of games, Bloomberg says
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| 15:24 EDT | | MSFT | Microsoft 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 |
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| 14:18 EDT | | MSFT | Electronic Arts announced EA Sports Ignite for Xbox One
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| 14:16 EDT | | MSFT | Microsoft announces Xbox One
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| 14:13 EDT |  | HPQ | Earnings 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. |
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| 14:12 EDT | | MSFT | NVIDIA announces PhysX support for Microsoft Xbox One
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| 14:05 EDT | | MSFT | Microsoft, 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." |
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| 13:54 EDT | | MSFT | Activision's Call of Duty downloadable content will come first to Xbox One
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| 13:50 EDT | | MSFT | Microsoft announces partnership with National Football League
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| 13:48 EDT | | MSFT | Microsoft announces live action Halo television series
Steven Spielberg to be involved with Halo series. |
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