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Stock Market & Financial Investment News

News Breaks
August 1, 2014
16:35 EDTSSNLF, MSFTMicrosoft files legal action against Samsung for breach of contract
Microsoft (MSFT) has filed legal action against Samsung (SSNLF) in U.S. District Court, Southern District of New York, to enforce its 2011 cross-licensing contract with Samsung. Microsoft alleges Samsung decided late last year to stop complying with its agreement with Microsoft. In September 2013, after Microsoft announced it was acquiring the Nokia (NOK) devices and services business, Samsung began using the acquisition as an excuse to breach its contract. Samsung did not ask the court to decide whether the Nokia acquisition invalidated its contract with Microsoft. Microsoft expects its partnership with Samsung to continue and is asking the Court to settle its disagreement with Samsung. The announcement was made in a Microsoft blog post. Reference Link
News For MSFT;SSNLF From The Last 14 Days
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January 15, 2015
06:33 EDTSSNLFSamsung says BlackBerry rumors 'not true,' Yonhap News reports
In response to media reports that Samsung (SSNLF) is in talks to buy BlackBerry (BBRY) for up to $7.5B, a Samsung spokesperson says "It is not true," Yonhap News reports. BlackBerry also denied rumors of a potential deal. Reference Link
06:27 EDTMSFTIntel to partner with more IT players for Internet of Things, DigiTimes reports
Intel (INTC) is preparing to team up with more IT firms such as AT&T (T), Verizon (VZ), Cisco (CSCO), SAP (SAP), and Microsoft (MSFT) in order to expand the Internet of Things industry in 2015, reports DigiTimes. According to sources from the upstream supply chain, Intel has been playing an active role in helping Taiwan build its smart city infrastructure and has also cooperated with Chunghwa Telecom to develop the IoT and cloud computing applications. Reference Link
06:14 EDTSSNLFSamsung may dump Qualcomm chip in Galaxy S6 for own processor, DigiTimes says
Samsung (SSNLF) may dump Qualcomm's (QCOM) Snapdragon 810 processor for use in its next-generation Galaxy S smartphone in favor of its own Exynos-series chip, reports DigiTimes. According to other industry sources, Samsung's Galaxy S6 may have two versions using either Qualcomm's Snapdragon processors or Samsung's own Exynos chips. Reference Link
06:04 EDTSSNLFBlackBerry turned down multiple takeover offers, Globe and Mail reports
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January 14, 2015
17:50 EDTSSNLFBlackBerry down 15% following denial of discussions with Samsung
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17:36 EDTSSNLFBlackBerry issues response to Samsung takeover bid, denies discussions
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16:33 EDTSSNLFOn The Fly: Closing Wrap
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16:06 EDTSSNLFBlackBerry approached by Samsung about potential takeover, Reuters says
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15:58 EDTSSNLFBlackBerry continues rise, up 28% after report on Samsung approach
Shares of smartphone maker BlackBerry (BBRY) surged in late day trading following a Reuters report that said rival Samsung (SSNLF) had approached the Canadian company to discuss a potential takeover offer. Reuters said that Samsung executives discussed a potential bid in a range of $13.35 to $15.49 per share with BlackBerry. Heading into the close, BlackBerry shares are up 28.5% to $12.48.
15:47 EDTSSNLFBlackBerry jumps 16% following report of Samsung takeover approach
15:46 EDTSSNLFSamsung discussed bid of $13.35-$15.49 per share with BlackBerry, Reuters says
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15:44 EDTSSNLFBlackBerry received takeover offer from Samsung, Reuters reports
07:58 EDTSSNLFQuantum Dot bumps OLED at cutting edge of TV tech, WSJ says
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06:20 EDTSSNLFSamsung to start selling Z1 Tizen smartphone in India today, WSJ reports
Samsung's Z1 smartphone, which is based on its homegrown Tizen mobile operating system, will go on sale today in India, The Wall Street Journal reports. The company first said it would launch a Tizen smartphone in 2H12. Reference Link
06:14 EDTMSFT, SSNLFMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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January 13, 2015
11:57 EDTMSFTHP rises after PC report despite Pacific Crest downgrade
Shares of personal computer maker Hewlett-Packard (HPQ) are rising after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. The advance comes despite research firm Pacific Crest having downgraded HP shares this morning. WHAT'S NEW: Worldwide shipments of PCs increased 1% last quarter, Gartner estimated. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. The estimate suggests that PCs are not fading into oblivion, as some had predicted. Despite this news, research firm Pacific Crest downgraded HP to Sector Perform from Outperform in a note to investors today. HP is facing increased competition, as a number of companies are buying fewer individual servers and IT storage products, Pacific Crest analyst Brent Bracelin stated. Instead, they are buying integrated IT stacks. Ongoing technological trends could make this option more popular going forward, the analyst believes. Additionally, new data storage systems - including next wave systems with software-defined controls, cloud storage systems, and open sources systems - are growing rapidly and could increase the competitive pressure on HP, the analyst stated. Bracelin is less confident that HP's multiple can expand further going forward, he added. WHAT'S NOTABLE: Bracelin also downgraded NetApp (NTAP) to Sector Perform from Outperform for the same reasons that he cut his rating on HP. The analyst identified Tableau (DATA), F5 Networks (FFIV), Qlik Technologies (QLIK), and Nimble Storage (NMBL) as his favorite names in the IT infrastructure sector. F5 should benefit from earnings and multiple expansion as it carries out its security strategy, while Qlik is well-positioned to generate improved growth and margins, the analyst stated. Tableau and Nimble are poised to report better than expected results as their new products ramp up, Bracelin believes. OTHERS TO WATCH: Other companies that benefit from upbeat PC sales include Intel (INTC), Microsoft (MSFT), and hard disk drive makers Seagate (STX) and Western Digital (WDC). PRICE ACTION: In late morning trading, HP shares climbed 1.5% to $40.50.
11:42 EDTMSFTJustice Department partners with Facebook, Bing to expand reach of AMBER Alerts
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January 12, 2015
08:05 EDTMSFTGameStop to use Microsoft Azure to stream game content, promotional materials
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06:34 EDTSSNLFSamsung expected to launch two versions of Galaxy S6 phone in March, BI reports
Samsung will launch two versions of its Galaxy S6 phone in March at the Mobile World Congress, Business Insider reports, citing sources. One version will be made with metal, a departure from the plastic casings used in most Galaxy phones, while the other will have a curved screen, the sources say. Reference Link
06:11 EDTSSNLFSamsung, Pattern Energy complete wind energy project in Ontario
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