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News Breaks
January 24, 2013
13:56 EDTMSFTEarnings Preview: Windows 8, Surface results in focus when Microsoft reports
Microsoft (MSFT) is scheduled to report Q2 results after the market close on Thursday, January 24, with a conference call scheduled for 5:30 pm ET. Microsoft, a member of the Dow Jones Industrial Average, sells software and business services globally and also markets hardware, notably the XBOX and the new Surface tablet... EXPECTATIONS: Analysts are looking for EPS of 75c on revenue of $21.53B, according to First Call. The consensus range for EPS is 66c-82c on revenue of $19.94B-$23.32B... LAST QUARTER: Microsoft reported Q1 adjusted EPS of 65c against estimates for 56c on GAAP revenue of $16.01B against estimates for $16.42B. Microsoft reported Q1 non-GAAP revenue of $17.36B. The company said its Q1 revenue was impacted by a challenging PC market, normal purchasing slowdowns in advance of upcoming product launches and tough economic conditions in Europe... NEWS AND RESEARCH: This Tuesday, CNBC's David Faber reported Microsoft (MSFT) is in talks to invest between $1B-$3B in Dell's (DELL) leveraged buyout, which may be mezzanine financing in the form of preferred shares. On January 15, Facebook (FB) announced that Microsoft's Bing search engine was a partner on its new Graph Search product. During this month, research firm Gartner announced its estimate that worldwide PC shipments declined 4.9% from the prior year to 90.3M units in the fourth quarter of 2012, while IDC estimated that worldwide PC sales fell 6.4% to 89.8M units during the holiday period. Also this month, several analysts have sent downbeat notes on Microsoft to investors. Morgan Stanley downgraded Microsoft to an Equal Weight rating on January 10, citing disappointing Windows 8 sales, continued PC market weakness and margin pressures. More recently, Atlantic Equities lowered its price target on shares to $35 from $39 to reflect the weak start to Windows 8, but maintained its Overweight rating due to valuation. Stifel Nicolaus also said that after reviewing third party data, the firm believes that Windows 8 sales have been weaker than expected, but added it expects Windows 8 sales to rebound in the second half of this year and kept a Buy rating on Microsoft shares... PRICE ACTION: Since the day after last quarter's report, shares of Microsoft have lagged the DJIA significantly. Microsoft has declined over 5% since October 19, while the Dow is up more than 2% over the same time period. However, in afternoon trading ahead of tonight's report, Microsoft is up about 1% to trade near $28.
News For MSFT From The Last 14 Days
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November 21, 2014
14:08 EDTMSFTHacker group releases login info for three gaming networks, CNet says
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13:20 EDTMSFTOn The Fly: Midday Wrap
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10:38 EDTMSFTJefferies says Microsoft, Salesforce.com, Symantec facing significant problems
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10:01 EDTMSFTOn The Fly: Analyst Initiation Summary
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November 20, 2014
16:40 EDTMSFTJefferies says new Microsoft looks like old, starts with Underperform
Jefferies initiated shares of Microsoft with an Underperform rating after the closing bell, saying the "new" Microsoft will look very much like the "old" Microsoft for some time. The firm attributes the 30% rally in shares over the past year to optimism around new management, but it thinks the tech giant's fundamentals remain challenged despite its focus on cloud and mobile given its dependency on the PC market. Jefferies put a $40 price target on the stock. Microsoft closed the trading day up 48c to $48.70.
16:10 EDTMSFTMicrosoft initiated with an Underperform at Jefferies
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06:28 EDTMSFTBillboard 200 chart to include on-demand streaming in rankings
The Billboard 200 albums chart will premiere its biggest upgrade in more than 23 years, transforming from a pure sales-based ranking to one measuring multi-metric consumption. Beginning with the top 10 revealed on Wednesday, Dec. 3, on Billboard.com, the chart, which currently tracks the top 200 albums of the week by sales alone, will be the first to include on-demand streaming and digital track sales -- as measured by Nielsen Entertainment (NLSN) -- by way of a new algorithm. It is the most substantial methodology update since May 1991, when Billboard first used Nielsen's point-of-sale data -- SoundScan -- to measure album sales. The updated Billboard 200 will utilize accepted industry benchmarks for digital and streaming data, equating 10 digital track sales from an album to one equivalent album sale, and 1,500 song streams from an album to one equivalent album sale. All of the major on-demand audio subscription services are considered, including Spotify, Beats Music (AAPL), Google Play (GOOG) and Xbox Music (MSFT). Reference Link
November 19, 2014
07:40 EDTMSFTUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 19 at 10:45 am; not all company presentations may be webcasted.Webcast Link
07:38 EDTMSFTMicrosoft U.S. suit against Samsung over royalties can proceed, Reuters reports
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07:19 EDTMSFTServer replacement seen coming as Microsoft ends 2003 support, DigiTimes says
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06:31 EDTMSFTISS recommends invsetors vote against Microsoft CEO pay package, WSJ says
Institutional Shareholder Services, a proxy advisory firm, is recommending shareholders vote against the pay package for Microsoft CEO Satya Nadella in a nonbinding vote at the software company’s December annual meeting, The Wall Street Journal reports. ISS criticized a "mega" grant of restricted stock to Nadella, which the firm values at $65M, and said iti s "concerning" that Microsoft plans to grant Nadella additional shares annually. Reference Link
November 18, 2014
12:49 EDTMSFTMicrosoft, Real Madrid announce alliance
Real Madrid C.F. and Microsoft have signed a landmark agreement accelerating the digital transformation of the club through technology. This alliance, through which Microsoft becomes the strategic technological partner of Real Madrid, will revolutionize the experience enjoyed by members and supporters of the club by providing digital services that are accessible anywhere, anytime and on a host of devices.
06:46 EDTMSFTMicrosoft could spin off Nokia MixRadio, TechCrunch reports
According to sources, Microsoft (MSFT) is considering spinning off Nokia MixRadio, the music streaming service it acquired as part of its takeover of Nokia's (NOK) Devices and Services unit, TechCrunch reports. Microsoft is reportedly seeking investors for Nokia MIxRadio, and the potential spin-off is said to be making "good progress." Reference Link
06:10 EDTMSFTMicrosoft, Real Madrid to announce 'significant' partnership, Re/code reports
Microsoft is expected to today announce a "significant" tie-up with Real Madrid, a Spanish soccer team, Re/code reports. The partnership is likely to be a technology and sponsorship deal. Reference Link
05:49 EDTMSFTStocks with implied volatility movement; MSFT UNG
Stocks with implied volatility movement; Microsoft (MSFT) 19, United States Natural Gas Fund (UNG) 57 according to iVolatility.
November 17, 2014
12:02 EDTMSFTSAP names new Chief Digital Officer, Chief Marketing Officer
SAP (SAP) announced that Jonathan Becher has been appointed as the company's first Chief Digital Officer to lead the company's new digital business unit with immediate effect. SAP has appointed Maggie Chan Jones as Chief Marketing Officer. Jones, who will join SAP from Level 3 Communications (LVLT), spent seven years at Microsoft (MSFT). She has extensive cloud experience having successfully navigated Microsoft's transition from on premise to a cloud business.
06:23 EDTMSFTFacebook working on 'Facebook at Work' website, FT reports
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November 14, 2014
09:38 EDTMSFTActive equity options trading
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09:18 EDTMSFTTyler Technologies signs contract with Ohio Police and Fire Pension Fund
Tyler Technologies (TYL) has signed a contract with the Ohio Police and Fire Pension Fund 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 related professional services, licensing, training and support.
09:05 EDTMSFTNPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
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