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Stock Market & Financial Investment News

News For MSFT;NYT;AOL From The Last 14 Days
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December 19, 2014
13:33 EDTMSFTVirnetX to receive $23M from Microsoft in patent settlement
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11:54 EDTMSFTRed Hat soars to 52-week high after beat and raise quarter
Shares of open source software solutions provider Red Hat (RHT) are rallying after the company’s third quarter results surpassed analysts’ consensus estimates and it raised its outlook for fiscal 2015. WHAT'S NEW: Last night, Red Hat reported Q3 adjusted earnings per share of 42c and revenue of $455.9M, topping analysts’ consensus estimates of 40c and $451.39M, respectively. Q3 subscription revenue was $395M, up 15% year-over-year, while operating cash flow of $133M was up 40% year-over-year. CFO Charlie Peters noted that strong performance in the quarter was driven by outstanding sales execution. He said, “performance this quarter with large deals was exceptional, setting new records in number of deals over $5M in a quarter and deals over $10M in a Q3.” Peters also announced his intention to retire in the next twelve months. WHAT’S NOTABLE: Looking ahead to Q4, Red Hat forecast EPS of 40c-41c and revenue of $456M-$459M, compared to consensus of 41c and $459.39M, respectively. The company raised its outlook for FY15 EPS to $1.57-$1.58 from $1.53-$1.55, versus consensus of $1.54. It also boosted the bottom end its FY15 revenue outlook to $1.78B-$1.79B from $1.77B-$1.79B, compared to the consensus of $1.78B. ANALYST REACTION: This morning, four research firms - Piper Jaffray, Stifel, UBS, and Oppenheimer - all raised their respective price targets on Red Hat. Each cited the company’s stronger than expected Q3 results. All four maintained a Buy or equivalent rating on the shares and among the four Oppenheimer took its price target up to the highest level, increasing its target on Red Hat to $80 from $74. PRICE ACTION: In late morning trading, Red Hat rose $6.98, or 11.4%, to $68.48 on nearly three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $70.13. Including today's advance, the shares have gained approximately 40% over the past 12 months. OTHERS TO WATCH: Other companies in the software and cloud space include Oracle (ORCL), LogMeIn (LOGM) VMware (VMW), and Microsoft (MSFT).
December 18, 2014
16:06 EDTMSFTNetSuite names Fred Studer Chief Marketing Officer
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11:49 EDTMSFTOracle soars to 52-week high after Q2 results beat estimates
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11:34 EDTMSFTMicrosoft to sell MixRadio service to LINE, terms not disclosed
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06:50 EDTMSFTGoogle to seek dismissal of Android antitrust lawsuit, Reuters reports
Google (GOOG) will try to convince a federal judge today to dismiss a lawsuit alleging that its practices related to its Android operating system violate antitrust laws, according to Reuters. The plaintiffs allege that Google forces handset makers to restrict competing apps such as Microsoft's (MSFT) search engine, Bing, the news service stated. Reference Link
06:36 EDTMSFTMicrosoft may be planning head-worn gaming device for 2015, DigiTimes reports
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December 17, 2014
13:44 EDTAOLYahoo holders continue push for AOL merger, NY Times reports
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10:42 EDTMSFTDigital River spikes after renewing agreement with Microsoft
Digital River (DRIV) shares are sharply higher this morning after the company agreed to extend the terms of its distribution agreement with Microsoft (MSFT). WHAT'S NEW: Digital River this morning disclosed in a filing that it has agreed to extend the term of its Operations Digital Distribution Agreement with Microsoft to March 31, 2017. Additionally, Microsoft can extend the expiration date for up to four separate six month renewal terms, according to Digital River. Earlier this month, Digital River shares declined up to 24% after disclosing that the company granted Microsoft an extension to December 19 from December 1 as the deadline by which Microsoft was required to provide notice to the company of its decision as to whether it would choose to extend the expiration date of the agreement. WHAT'S NOTABLE: Digital River also announced this morning that the Federal Trade Commission informed the company on December 5 that it granted early termination of the Hart-Scott-Rodino Act waiting period for the company's acquisition by an investor group led by Siris Capital for $26 per share in cash, or about $840M. The "go-shop" period expired on December 7, and Digital River did not receive a competing proposal. Digital River says the merger is expected to close in the first quarter of 2015. PRICE ACTION: Digital River shares are up $7.58, or 45%, to $24.44 in morning trading.
10:14 EDTMSFTHP best way to play coming PC sales outperformance, Citi says
Sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017, Citigroup wrote in a note to investors today. The firm identified HP (HPQ) as the best way to play better than expected PC sales. WHAT'S NEW: Although many believe that PCs will become extinct, there are several reasons why sales of personal computers will begin growing again, Citi analyst Jim Suva contended. Sales of commercial PCs in emerging markets should increase over the long-term, as those PCs are aging, according to Suva. He estimated that commercial PCs in emerging markets account for 27% of the total PC market. Meanwhile, tablets were supposed to replace PCs, but tablet sales growth slowed to just 8% this year, indicating that tablets are becoming less of a threat to PCs, he wrote. Additionally, some believe that PC demand was inflated by a rush to replace computers running Microsoft's (MSFT) Windows XP operating system this year after the company stopped supporting XP, but Suva believe that PC demand growth in 2014 was more driven by a need to buy new computers following a lull in growth in 2012-2013 than by the XP situation. As a result, the analyst estimates that the XP phenomenon will only reduce next year's PC growth by 1%, versus the 3%+ reduction that investors fear. HP is the best way to play the PC rebound, wrote Suva, who raised his price target on the company's shares to $46 from $40 and kept a Buy rating on the stock. WHAT'S NOTABLE: Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. PRICE ACTION: In early trading, Hewlett-Packard gained 2.7% to $38.32, Western Digital rose 1.7% to $106.30, and Seagate climbed 1% to $63.89.
09:18 EDTMSFTTyler Tech signs contract with Buffalo and Ford Erie Public Bridge Authority
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09:16 EDTMSFTDigital River renews pact with Microsoft
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07:20 EDTNYTCapital Link to hold a forum
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06:44 EDTMSFTGoogle opponents lobbying state attorneys general, NY Times says
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December 16, 2014
09:59 EDTMSFTOn The Fly: Analyst Downgrade Summary
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07:37 EDTMSFTMicrosoft downgraded at BofA/Merrill
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06:05 EDTMSFTMicrosoft downgraded to Underperform from Neutral at BofA/Merrill
December 15, 2014
15:18 EDTNYTNew York Times management to meet with Evercore ISI
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11:09 EDTMSFTSkype app to enable real-time voice translation, The Verge says
A new app from Microsoft's Skype enables voice calls in English or Spanish to be translated to the other language in real time, according to The Verge. The app will be available as a preview starting today, The Verge added. Reference Link
06:13 EDTNYTNew York Times announces collaboration agreement with Women in the World
New York Times and Women in the World announced that they will join forces and enter into a multi-year agreement to collaborate on the production of the Women in the World Summit series. The Times Company will create and launch a new digital platform for Women in the World, tied to NYTimes.com. The Times will also invest in Women in the World and take on the role of selling sponsorships and advertising for the Women in the World events and digital.
06:06 EDTMSFTFacebook stops including results from Bing on site, Reuters reports
A Facebook (FB) spokesperson has confirmed that the company has stopped including results from Microsoft’s (MSFT) Bing search engine on its site as it has revamped its own search offerings, Reuters reported on Friday. Facebook recently introduced a tool that allows users to quickly find past comments and other information posted by their friends on the social networking site. The spokesperson comments that "We continue to have a great partnership with Microsoft in lots of different areas." Reference Link
December 12, 2014
10:01 EDTMSFTOn The Fly: Analyst Initiation Summary
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08:24 EDTMSFTMicrosoft price target raised to $57 from $53 at FBR Capital
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07:18 EDTNYTCato Institute holds a conference
2014 Cato Institute Surveillance Conference is being held in Washington, D.C. on December 12 with webcasted presentations to begin at 9 am. Webcast Link
06:37 EDTMSFTMicrosoft initiated with an Overweight at Piper Jaffray
Piper Jaffray started shares of Microsoft with an Overweight rating saying the tech giant should benefit from stabilization in the PC market and "healthy" enterprise spending. The firm set a $54 price target for shares. The stock closed yesterday up 27c to $47.17.
December 11, 2014
19:34 EDTMSFTMicrosoft Xbox One outsells Sony PS4, Engadget reports
Microsoft's (MSFT) Xbox One was the best selling console for November, beating Sony's (SNE) PlayStation 4, according to Microsoft, citing data from NPD Group. Prior to November, the PlayStation 4 had been the best selling console for almost a year. According to the NPD data, console sales are up in general, with hardware unit-sales increasing by 3% over last November. Reference Link
16:20 EDTMSFTMicrosoft to now accept bitcoin
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13:26 EDTMSFTMicrosoft to reveal Windows 10 features at January 21 event, Re/code reports
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13:19 EDTMSFTMicrosoft dropped by Ford for in-car sync system, Re/code reports
Ford's (F) Sync 3 in-car entertainment and mapping system will use a version of BlackBerry's (BBRY) QNX operating system, replacing Microsoft (MSFT) technology that had been used in the prior two versions, Re/code reports. The QNX-powered system adds more features, including a capacitive touch screen and the ability to get software updates over Wi-Fi. Ford said in a statement that its "hardware and software decisions were based on identifying the technology that would best meet the expectations for performance by our customers." Reference Link
10:20 EDTMSFTMicrosoft acquires HockeyApp, terms not disclosed
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10:17 EDTMSFTCiti upbeat on Google in face of pending Apple decision on Safari
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08:53 EDTMSFTBritain lays out details for proposed 25% 'Google Tax,' WSJ reports
U.S. technology giants such as Google (GOOGL, GOOG), Facebook (FB), Microsoft (MSFT) and Apple (AAPL) have come under fire in Britain for the relatively small corporate taxes they pay there and the U.K. government detailed plans for a new 25% tax on profits of multinational technology and other companies, reported The Wall Street Journal. Reference Link
08:09 EDTMSFTGoogle shares pricing in loss of Apple search deal, says Citigroup
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07:49 EDTNYTThe New York Times to hold a conference
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December 10, 2014
09:22 EDTMSFTMicrosoft management to meet with Pacific Crest
Meeting to be held on the West Coast on December 12 hosted by Pacific Crest.
09:20 EDTMSFTTyler Technologies signs agreement with Albermarle County Service Authority
Tyler Technologies (TYL) has signed an agreement with the Albemarle County Service Authority to implement Microsoft Dynamics AX, an enterprise resource planning solution with public sector functionality that Tyler Technologies jointly developed with Microsoft (MSFT). The contract includes implementation and related professional services, support, and training.
07:53 EDTAOLUBS to hold a conference
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December 9, 2014
07:32 EDTNYTUBS to hold a conference
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06:27 EDTMSFTSamsung, white-box makers to benefit from Microsoft Mobile exit, DigiTimes says
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December 8, 2014
13:21 EDTMSFTMicrosoft files appeal in case on customer data in Ireland
Microsoft said on its blog that it has filed an appeal in its ongoing case challenging a U.S. government search warrant for customer data stored in Ireland. Microsoft said it filed the appeal after a U.S. district court judge rejected the company’s argument that the warrant is illegal because it calls for the seizure of emails stored outside the United States. Reference Link
12:40 EDTMSFTOn The Fly: Midday Wrap
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10:44 EDTMSFTDigital River grants Microsoft extestion to decide on renewing pact
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10:04 EDTMSFTAccenture and Microsoft launch hybrid cloud platform
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