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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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April 10, 2014
06:14 EDTMSFTMicrosoft may release server orders to Taiwan ODMs, DigiTimes reports
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April 9, 2014
17:26 EDTMSFTGartner says worldwide PC shipments in Q1 fell 1.7%
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13:23 EDTMSFTEnd of Windows XP support could spur adoption of Chinese OS, WantChinaTimes says
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13:01 EDTMSFTMicrosoft continues Windows XP support for select customers, Re/code reports
For most customers, support for Windows XP ended yesterday. However, for select customers and governments, Microsoft is providing paid custom support, Re/code reports. Reference Link
12:19 EDTMSFTMicrosoft volatility increases into Q3 and outlook
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April 8, 2014
13:27 EDTMSFTGoogle, Citrix to collaborate on Chromebooks
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12:12 EDTMSFTOn The Fly: Midday Wrap
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11:55 EDTMSFTNokia advances after securing Chinese approval for Microsoft deal
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09:09 EDTMSFTOn The Fly: Pre-market Movers
HIGHER: BioScrip (BIOS), up 6.7% after stock was named as a stock pick and a potential takeover target by Oscar Schafer while speaking on CNBC... Nokia (NOK), up 5% after deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) receives regulatory approval in China... Ctrip.com (CTRP), up 4.6% after Bloomberg said, citing sources, that the company is in talks with Baidu-controlled (BIDU) Qunar (QUNR) about a partnership or a potential merger... Plug Power (PLUG), up 4.6% after CEO discusses plan to expand fuel cells to trucks in interview... FireEye (FEYE), up 2.5% following upgrade at Wedbush... Twitter (TWTR), up 2% following initiation of coverage with a Buy rating at at Janney Capital... Nike (NKE), up 1.75% after upgraded at Stifel. LOWER: Gigamon (GIMO), down 23% after lowering revenue outlook, shares downgraded at Pacific Crest... LivePerson (LPSN), down 3% after announcing resignation of EVP, Worldside Sales, shares downgraded at Benchmark... Cisco (CSCO), down 0.5% following downgrade to Hold from Buy at Wunderlich.
06:31 EDTMSFTMicrosoft, Mediatek to push Windows tablet in white-box market, DigiTimes says
Microsoft (MSFT) has been aggressively trying to persuade Mediatek to push Windows-based tablets in China's white-box market, reports DigiTimes. According to sources from the upstream supply chain, there is a high chance for a partnership, which would lead to current smartphone chip partner Qualcomm (QCOM) to face strong pressure. Reference Link
06:07 EDTMSFTMicrosoft investing in 'invisible user interface' technology, WSJ reports
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06:01 EDTMSFTMicrosoft ending support for Windows XP today, AP reports
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05:45 EDTMSFTNokia, Microsoft receive approval from China for Devices & Services transaction
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April 7, 2014
10:10 EDTMSFTAnalyst sees 'golden' opportunity after software stocks decline
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09:00 EDTMSFTMicrosoft May volatility increases; shares near 14-year high into Q3
Microsoft April weekly call option implied volatility is at 29, April is at 23, May is at 25, July is at 21; compared to its 26-week average of 23 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on April 24.
06:41 EDTMSFTMicrosoft pushes for programming to rival Amazon, Netflix, Bloomberg says
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06:18 EDTMSFTMicrosoft starts developing 4th-generation Surface, DigiTimes reports
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April 4, 2014
11:21 EDTMSFTCourt reverses parts of lower court ruling in DataTern suit with Microsoft, SAP
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07:43 EDTMSFTBaidu market leading search share in China rose in March, Marbridge Daily says
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07:28 EDTMSFTNew America Foundation to hold a forum
The New America Foundation holds a forum, "Implementing the PCAST Spectrum Sharing Report" with President Obama's Deputy CTO for Telecom Policy, Jason Furman, VP Medin of Google and Craig Mundie of Microsoft in Washington, D.C. on April 4 at 2 pm. Webcast Link
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