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Stock Market & Financial Investment News

News Breaks
February 25, 2013
05:55 EDTMRVL, MRVL, MRVL, NOK, NOK, NOKCitigroup to host events at Mobile World Congress 2013
Events at Mobile World Congress 2013 is being held in Barcelona, Spain on February 25-27.
News For NOK;MRVL From The Last 14 Days
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April 27, 2015
07:37 EDTMRVLMarvell downgraded to Neutral from Buy at Ladenburg
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07:28 EDTMRVLMarvell miss more severe than expected, says Brean Capital
Brean Capital said Marvell's quarterly miss was inevitable, but the depth of the miss was more severe than expected. The firm believes the miss is related to China's handset market and believes there is a greater than 50% chance the company will exit the mobile business. Brean Capital reiterated its Buy rating but lowered its price target to $16 from $17 on Marvell shares.
05:32 EDTMRVLMarvell technology selected by SendTek to support market migration
Marvell announced that SendTek has selected Marvell's 88LX3142 G.hn digital baseband processor and 88LX2718 G.hn analog front end for integration into SendTek Coax and Phoneline adapters.
April 26, 2015
16:37 EDTNOKNokia says no current plans to manufacture consumer handsets
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April 24, 2015
16:49 EDTMRVLMarvell down 5% after cutting Q1 revenue outlook
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16:34 EDTMRVLMarvell lowers Q1 revenue guidance to $710M-$740M from $810M-$830M
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April 23, 2015
08:19 EDTNOKBaidu mulling bid for Nokia maps unit, Bloomberg reports
April 22, 2015
18:27 EDTMRVLSemiconductor stocks under pressure after TI, Qualcomm report financial results
Semiconductor stocks are under pressure after earnings reports from Texas Instruments (TXN) and Qualcomm (QCOM). TEXAS INSTRUMENTS: TI reported first quarter results that were lower than analyst expectations, and gave second quarter guidance below consensus estimates. In its Q1 earnings press release, Texas Instruments said its outlook for Q2 is for earnings per share between 60c-70c and revenue in the range of $3.12B-$3.38B. "Our estimates assume continuing weakness in our communications equipment and personal electronics markets, particularly for wireless infrastructure equipment and PCs, respectively. We also do not expect a near-term rebound in foreign currency exchange rates. The annual effective tax rate for 2015 is expected to be about 30%." QUALCOMM: Qualcomm reported Q2 results that were better than analyst's average estimates, but lowered its fiscal year 2015 EPS and revenue views. Qualcomm CEO Steve Mollenkopf said, "While we remain confident in the significant growth opportunities ahead, we are reducing our QCT outlook for fiscal 2015, primarily due to the increased impact of customer share shifts within the premium tier and a decline in our share at a large customer." PRICE ACTION: In after-hours trading, shares of Texas Instruments are down over 6%, while Qualcomm shares are down almost 3%. Other publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), NVIDIA (NVDA), Altera (ALTR), Xilinx (XLNX), and Maxim Integrated (MXIM).
17:23 EDTNOKNokia approaches Apple, Amazon, Facebook in sale of maps unit, Bloomberg says
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16:55 EDTNOKNokia looks for $3.2B for its Maps business, Bloomberg says
14:47 EDTMRVLEarnings Watch: Texas Instruments reports amid M&A focus in semiconductor space
Texas Instruments (TXN) is expected to report first quarter earnings after the close on Wednesday, April 22, with a conference call scheduled for 5:30 pm ET. Texas Instruments is a global semiconductor manufacturer operating in four segments: Analog, Embedded Processing, Wireless and Other. EXPECTATIONS: Analysts are looking for earnings per share of 62c on revenue of $3.2B. The consensus range is 61c-64c for EPS on revenue of $3.18B-$3.21B, according to First Call. On its last earning call, Texas Instruments said it expected Q1 EPS of 57c-67c and revenue of $3.07B-$3.33B. LAST QUARTER: On January 26, Texas Instruments reported adjusted fourth quarter EPS of 69c, which matched consensus expectations at that time. Its Q4 revenue of $3.27B came in just above the consensus forecast of $3.26B. Texas Instruments said its inventory ended the quarter at 117 days and noted on its associated conference call that it believe inventories were at "healthy levels." Texas Instruments also said then that it expected its embedded operating margins to increase. STREET RESEARCH: The day after TI's last quarterly report, Ascendiant raised its price target for Texas Instruments shares to $64 from $56 and reiterated a Buy rating on the stock. The firm attributed the post-earnings slide the stock experienced then to profit taking, rather than a fundamental disappointment. That same week, Argus increased its price target on Texas Instruments to $62 from $54 and said it expected the company's operating trends to continue to strengthen. Argus kept a Buy rating on the shares. Acquiring companies in the semiconductor space "can materially outperform the market," Jefferies analyst Mark Lipacis wrote in a note to investors on March 9. At that time, Lipacis identified Texas Instruments, NXP Semiconductors (NXPI), Avago (AVGO), Marvell (MRVL), Maxim Integrated (MXIM), Broadcom (BRCM), Altera (ALTR), and Xilinx (XLNX) as companies that were well-positioned to make acquisitions in the future. WHAT'S NOTABLE: On March 1, NXP Semiconductors and Freescale Semiconductor (FSL) announced that they have entered into a definitive agreement under which NXP will merge with Freescale in a transaction valuing the combined enterprise at just over $40B. Recent media reports suggested that Intel's (INTC) talks to acquire Altera stalled when the latter wanted more than Intel was willing to pay. PRICE ACTION: Since the day after last quarter's report, Texas Instruments' stock has rallied nearly 7%. In afternoon trading, Texas Instruments gained over 1% to $58.76.
10:02 EDTNOKOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alcatel-Lucent (ALU) upgraded on post-merger outlook at Bernstein... Amazon.com (AMZN) upgraded to Buy, price target raised to $450 at Monness Crespi... BNP Paribas (BNPQY) upgraded to Overweight from Equal Weight at Morgan Stanley... Dolby (DLB) upgraded to Overweight from Neutral at JPMorgan... First Defiance (FDEF) upgraded to Outperform from Market Perform at Raymond James... Gran Tierra (GTE) upgraded to Buy from Neutral at Dundee... Grupo Aval (AVAL) upgraded to Buy from Neutral at Goldman... Manhattan Associates (MANH) upgraded to Buy from Hold at Benchmark Co.... Marriott (MAR) upgraded to Buy from Neutral at MKM Partners... Masco (MAS) upgraded to Outperform from Market Perform at FBR Capital... Nokia (NOK) upgraded on post-merger outlook at Bernstein... Packaging Corp. (PKG) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Sector Perform from Underperform at RBC Capital... Rogers Communications (RCI) upgraded to Buy from Neutral at BofA/Merrill... Sanofi (SNY) upgraded to Neutral from Sell at Citigroup... Select Comfort (SCSS) upgraded to Outperform from Neutral at Wedbush... UniCredit (UNCFF) upgraded to Buy from Sell at Berenberg... Zions Bancorp (ZION) upgraded to Outperform from Market Perform at FBR Capital.
09:18 EDTNOKNokia upgraded to Overweight from Equal Weight at Barclays
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08:37 EDTNOKAlcatel-Lucent upgraded on post-merger outlook at Bernstein
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08:35 EDTNOKNokia upgraded on post-merger outlook at Bernstein
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06:24 EDTNOKNokia upgraded to Outperform from Market Perform at Bernstein
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April 20, 2015
10:00 EDTNOKOn The Fly: Analyst Downgrade Summary
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09:09 EDTNOKNokia management to meet with JPMorgan
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07:21 EDTNOKNokia could rejoin consumer mobile phone market in 2016, Re/code reports
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06:07 EDTNOKNokia downgraded to Hold from Buy at Jefferies
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