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September 2, 2015
08:00 EDTINTCSilver Spring names Michael Bell as president and CEO
Silver Spring Networks (SSNI) announced that Michael Bell has been appointed as Silver Spring's President and CEO and has also been appointed as a member of the Board of Directors. Scott Lang transitions to the role of Executive Chairman and will continue to serve as Chairman of the Board. Most recently Bell held leadership roles in the technology groups dedicated to new devices, mobility, and communications at Intel (INTC), which were established to help expand the company's position in new categories of connected devices.
07:21 EDTHPQArista Networks outlook has improved, says Stifel
After meeting with Arista's (ANET) management and other sources in the industry, Stifel says that the release of VMware's (VMW) NSX 6.2 will be positive for Arista, which partners with NSX. The firm adds that the momentum of Arista's partnership with HP (HPQ) is increasing, while the partnership is creating new opportunities for Arista. The firm continues to believe that Arista has multiple "tangible" growth catalysts. It keeps a $95 price target and Buy rating on the shares.
06:09 EDTINTCIntel announces 6th Generation Intel Core processor family
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September 1, 2015
19:22 EDTINTC, MSFTAmazon, Google, Netflix, others establish alliance to develop new media format
Amazon (AMZN), Cisco (CSCO), Google (GOOG), Intel (INTC), Microsoft (MSFT), Mozilla and Netflix (NFLX) announced the formation of the Alliance for Open Media, "an open-source project that will develop next-generation media formats, codecs and technologies in the public interest." The alliance added that it is committing its collective technology and expertise to meet "growing Internet demand for top-quality video, audio, imagery and streaming across devices of all kinds." The alliance's initial focus is to deliver a next-generation video format that is interoperable and open; optimized for the web; scalable to any modern device; optimized for hardware; capable of highest-quality and real-time video delivery; and flexible for both commercial and non-commercial content, including user-generated content. The initial project will create a new, open royalty-free video codec specification based on the contributions of members, said the group. Additional information on the alliance will be available later this year. Reference Link
17:48 EDTINTC, QCOMAmbarella hasn't seen the competitive landscape changed in drone market
The company, speaking to a question on talk of growing competition in the drone market, said it doesn't think the competitive landscape changed that much in the last three months. The company noted the talk of the interest in the drone market from Intel (INTC) and Qualcomm (QCOM) but said it continues to believe the firms that use the Ambarella (AMBA) solution "really pay attention to the image quality compression efficiency and power" and that it doesn't see another processor as a strong competitor to its solution "yet." Ambarella is speaking on its Q2 earnings conference call.
16:22 EDTMSFTOptions Update; September 1, 2015
iPath S&P 500 VIX Short-Term Futures up 2.97 to 31.40. Option volume leaders: AAPL NFLX BAC FB BABA MSFT TSLA TWTR C GE GPRO XOM SUNE FCX JPM INTC
14:51 EDTEMCVMWare impresses at investor day, denies downstream merger plan
Shares of VMware (VMW) are edging higher in Tuesday's down market after its analyst day on Monday, during which CEO Patrick Gelsinger replied to a report of a "downstream" merger consideration involving parent company EMC (EMC). WHAT'S NEW: VMware saw numerous bullish mentions followings its 2015 financial analyst day on Monday. Notably, Baird's Jayson Noland upgraded the shares to Outperform from Neutral while maintaining his $95 price target, saying VMware CEO Patrick Gelsinger took the opportunity to "essentially" squash reports of a downstream merger with EMC. Additionally, Noland said channel feedback has seen improvement amid just modest investor expectations, producing an "attractive entry point" for those looking to invest in what the analyst called the "best positioned" software infrastructure firm. Separately, Pacific Crest's Rob Owens highlighted "maturing" opportunities in VMWare's hybrid cloud technology as the company shifts its business model towards recurring revenue streams. The hybrid cloud vision, said Owens, is "paying off" for the company. MERGER REPORT: Re/code's Arik Hesseldahl first reported on August 5 that EMC and VMware were considering a transaction under which VMware would buy parent company EMC. On August 26, Hesseldahl again quoted sources saying EMC was "actively considering" the downstream merger idea, though CEO Joe Tucci was said to prefer to simply buy out the remaining 20% stake in VMWare in a "spin-in" deal. Monday's analyst event saw VMWare CEO Gelsinger contend that a downstream transaction is not a serious consideration. Research firm Baird appeared to appreciate the commentary, saying the news is a relief for VMware shares and adding that a spin-in could provide additional revenue synergies for the companies. Bank of America Merrill Lynch somewhat echoed Baird's comments in remarking that Gelsinger's comments -- made in the presence of an EMC board member -- look like "solid confirmation" to close out the downstream merger speculation. PRICE ACTION: Shares of VMWare are fractionally higher in today's down market, while EMC has followed market trends with a roughly 2.7% intraday loss.
13:16 EDTEMCEMC says XtremeIO achieves $1B in aggregate bookings
EMC says XtremIO achieves $1B in aggregate bookings in just six quarters on the market. Says all flash array amasses over 1,750 customers, including 60% of the Fortune 100 and 47% of the Fortune 200.
12:17 EDTMSFTVMware introduces software to accelerate Windows 10 adoption
VMware (VMW) announced new End-User Computing innovations for universal application delivery and device management to help organizations transform business processes and deliver a more user- and application-centric experience. VMware End-User Computing solutions help customers bridge from the traditional world of client-server technologies to the new world of mobile-cloud technologies that deliver greater agility, seamless access across user devices and enhanced security. Moreover, with the expertise to help businesses accelerate the upgrade to Microsoft (MSFT) Windows 10 and achieve business mobility, VMware End-User Computing solutions will deliver consumer-grade simplicity, platform heterogeneity and accelerated application delivery for unified endpoint management. "A fundamental technology shift is underway as organizations seek to embrace and capitalize on business mobility," said Sanjay Poonen, general manager and executive vice president, End-User Computing, VMware. "The opportunity for transformative change is massive, and VMware is innovating like never before. Our industry-leading VMware End-User Computing product portfolio is uniquely positioned to help customers navigate this transition to the mobile-cloud era." VMware introduced Project A2, a technology preview showcasing the ability to re-define Windows management and pioneer an approach that is unique in the industry, shifting from a focus on endpoint management to a focus on application management. Project A2 will make applications lightweight and easy to deliver, enabling IT organizations to seamlessly move existing physical Windows applications into the new Windows 10 mobile-cloud platform and apply an EMM approach across all applications (universal and classic Windows applications). This new technology will offer IT teams a uniform management experience for their entire fleet of Windows 10 desktop devices along with employee and business owned mobile devices. Moreover, it will deliver a consistent end-user mobile workspace that provides access to all of users applications including Windows, SaaS and mobile, to any device. Reference Link
08:30 EDTQCOMParkerVision comments on IPR petitions filed by Qualcomm
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08:11 EDTEMCVMware upgraded to Outperform at Baird
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08:08 EDTSTXSeagate says develops high density mobile hard drive technology
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08:06 EDTINTCVerifone, Aava Mobile partner to offer 'pocketable' mPOS Solution
Verifone (PAY) and Aava Mobile announced the first handheld mobile point of sale solution powered by Intel (INTC) to deliver a flexible, long-lasting EMV-ready mPOS solution for enterprise retailers. The solution is based on Verifone's device and operating system-agnostic mPOS terminal integrated with Aava Mobile's rugged handheld tablet PC, which is powered by the Intel Atom processor.
07:48 EDTINTC, QCOMSemiconductor sector upgraded to Neutral from Cautious at UBS
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07:30 EDTSTXSeagate set up for strong second half, says Brean Capital
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06:31 EDTHPQHP made workers choose between being contractors or being fired, BI reports
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06:24 EDTEMCVMware cash flow commentary implies 27% growth, says Jefferies
Jefferies analysts John DiFucci and Brad Zelnick say VMware's (VMW) cash flow commentary yesterday at its analyst day imply at least 27% growth in FY16. VMware CEO Pat Gelsinger noted that talk around him proposing a downstream merger with EMC (EMC) to the board is false, the analysts note. They keep a Buy rating on the stock with a $104 price target.
05:30 EDTWDCWD announces partnership with Milestone Systems
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August 31, 2015
20:04 EDTMSFTNext Apple TV device to feature deep support for gaming, 9to5Mac says
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17:59 EDTEMCEMC downstream merger proposal originated with VMware CEO, Hesseldahl says
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