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Stock Market & Financial Investment News

News For QCOM;WDC;INTC;EMC;HPQ;MSFT;STX;DELL From The Last 14 Days
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January 20, 2015
11:15 EDTINTCIntel slips after JMP cuts to sell, Canaccord says upgrade not yet warranted
Following Intel's (INTC) fourth quarter results last week, two research firms issued cautious notes on the stock today. JMP Securities downgraded the stock to Underperform, which is the firm's "Sell" equivalent rating, while Canaccord kept a Hold rating on the shares, though the latter firm said its outlook on the company's fundamentals is continuing to become more positive and raised its price target on the name. WHAT'S NEW: Intel's Q4 results were "mixed," but the company's fundamentals appear to have improved, Canaccord analyst Matt Ramsay wrote in a note to investors today. The company's data center group and Internet of Things group should generate sustained 15%+ and 20%+ growth, respectively, over the next several years, the analyst stated. Meanwhile, Intel's PC client group should be able to cut costs further, Ramsay believes. The analyst said he had "intended to upgrade the stock" after the results, given his long-term upbeat view of the company, but was unable to do so. Ramsay explained that he changed his mind because he does not think the company's profits will increase at all this year, while the stock largely already reflects his expectations for solid profit growth in 2016. The analyst increased his price target on the shares to $40 from $36 but kept a Hold rating on the stock. More bearish was JMP Securities analyst Alex Gauna. Gauna downgraded the stock to Underperform from Market Perform and set a $30 price target on Intel. After speaking with a source who sells server components, the analyst reported that the source's business has been weak this month. Weak server component sales are likely to pull down Intel's stock, given its relatively high valuation, the analyst stated. Meanwhile, Intel's gross margins have probably peaked, Gauna believes. PRICE ACTION: In morning trading, Intel fell 1.7% to $35.82.
11:13 EDTHPQHP looks to boost sales with specific tablets for professionals, Bloomberg says
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11:08 EDTMSFTMicrosoft acquires Equivio, terms not disclosed
Rajesh Jha, Microsoft's Corporate VP, Outlook and Office 365, announced on the company's blog that Microsoft has acquired Equivio, a provider of machine learning technologies for eDiscovery and information governance. Jha explains, "We are making this acquisition to help our customers tackle the legal and compliance challenges inherent in managing large quantities of email and documents." Reference Link
09:39 EDTMSFTMicrosoft Outlook in China hacked by government censorship department, CNBC says
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08:07 EDTINTCIntel downgraded at JMP Securities
As noted earlier, JMP Securities downgraded Intel to Underperform from Market Perform. The firm reports that industry sources said there has been a sharp downturn in server activity going into 2015.
07:59 EDTINTCIntel upgrade not warranted due to lack of EPS growth, says Canaccord
Canaccord said it intended to upgrade Intel following its mixed Q4 results, but with estimates for essentially no earnings growth in 2015, the firm could not justify it. As a result, Canaccord raised its price target to $40 from $35 on Intel shares and maintained its Hold rating, but noted it stands ready to upgrade the stock on a pullback.
06:12 EDTINTCIntel downgraded to Underperform from Market Perform at JMP Securities
January 19, 2015
12:56 EDTHPQHP-Autonomy investigation closed by U.K.'s Serious Fraud Office
The Director of the Serious Fraud Office has closed the SFO's investigation into the sale of Autonomy to the Hewlett-Packard company in 2011. This investigation was commenced in early 2013, following a referral from HP.In respect of some aspects of the allegations, the SFO has concluded that, on the information available to it, there is insufficient evidence for a realistic prospect of conviction.In respect of other aspects and on the application of well-established principles, jurisdiction over the investigation has been ceded to the US authorities whose investigation is ongoing. Reference Link
January 16, 2015
10:01 EDTQCOMOn The Fly: Analyst Downgrade Summary
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09:47 EDTMSFTPolice arrest U.K. man in connection with Sony, Microsoft hack, Bloomberg says
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08:49 EDTINTCIntel CEO says has made 'incremental improvement' on diversity
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08:47 EDTINTCIntel CEO says relationship with Apple 'strong'
Krzanich says he's heard the "rumors" of Apple (AAPL) looking at other types of chips for some of its products. Apple will always choose innovation and Intel's (INTC) job is to offer them the most competitive products, Krzanich said. Intel's CEO says many customers want to have a single supply source, which is a reason Intel needs to be in a broad array of businesses including mobile, PCs and servers. Krzanich says "very comfortable" with inventory levels and that Q4 played out the way the company expected. Intel CEO Brian Krzanich is speaking on CNBC.
08:32 EDTINTCIntel results, 2015 plans 'very impressive,' says Wells Fargo
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08:24 EDTQCOMQualcomm downgraded to Hold from Buy at Drexel Hamilton
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07:35 EDTINTCChanos says short Intel for around six months
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07:30 EDTINTCIntel post-earnings pullback a buying opportunity, says Jefferies
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07:26 EDTINTCIntel margins to rise through 2015, says Deutsche Bank
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06:10 EDTHPQGlobal notebook shipments to reach 46M units in Q4, DigiTimes Research says
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06:03 EDTQCOMQualcomm Snapdragon 810 scheduled for product launches, DigiTimes reports
Although Qualcomm's Snapdragon 810 has been rumored to have defects and unstable mass production, DigiTimes Research says the product has already entered mass production. The AP may still have some defects, but they have not stopped vendors from adopting it into their products. Reference Link
05:59 EDTINTCIntel aims to ship 44M tablet APs in 2015, DigiTimes reports
Intel (INTC) targets shipping 44M tablet APs in 2015 to acount for one third of the non-Apple (AAPL) tablet shipments in 2015, reports DigiTimes. According to sources from tablet players, Intel expects losses from its tablet segment to narrow significant in 2016 as it acquires a leading position in the non-Apple tablet sector. Reference Link
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