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Stock Market & Financial Investment News

News Breaks
August 8, 2014
11:51 EDTNVDA, INTC, QCOM, BRCMNVIDIA rallies after Q2 quarter profit, Q3 revenue outlook top estimates
Shares of graphic chip maker NVIDIA (NVDA) are rallying after the companyís second quarter profit and third quarter revenue outlook surpassed analystsí consensus estimates. WHAT'S NEW: Last night, NVIDIA reported second quarter adjusted EPS of 30c, beating analysts' consensus estimates of 20c, on revenue of $1.1B, in line with estimates. Q2 adjusted gross margin came in at a record 56.4%., the company said. Chief Executive Officer Jen-Hsun Huang noted that the company saw strong gains in Gaming, Datacenter & Cloud and Mobile, and said the company's Tesla datacenter business is benefitting from stron gdemand from cloud service providers. The executive said that the company's SHIELD tablet is generating "considerable excitement." WHATíS NOTABLE: Looking ahead to the third quarter, NVIDIA expects revenue of $1.2B, plus or minus 2%, versus consensus $1.16B. GAAP and non-GAAP gross margins are expected to be 55.2% and 55.5%, respectively, plus or minus 50 basis points. GAAP operating expenses are forecast at approximately $463M; non-GAAP operating expenses are expected to be approximately $416M. Capital expenditures are seen at approximately $40M-$50M. During the first half of the year, NVIDIA said it returned $594M of the $1B it intends to return to shareholders in fiscal 2015. ANALYST REACTION: This morning, research firm Needham upgraded NVIDIA to Buy from Hold. The firm believes that earnings volatility has been reduced and margins have been raised by the change in the company's strategy. The firm, which has a price target of $23 on shares, believes that the stock's decline has created a good entry point. Another firm, Brean Capital, maintained a Hold rating on the shares with a mid-point target range of $20. Brean expects gross margins to be negatively affected in the second half of the year due to strength in the Tegra processor, and expects the ramp of Tegra to drive the revenue growth in Q3. The firm recommended waiting for a decline before becoming more constructive on the stock. PRICE ACTION: In late morning trading, NVIDIA rose $1.31, or 7.5%, to $18.77 on nearly twice its average daily trading volume. Including todayís advance, the stock has gained approximately 28% over the past twelve months. OTHERS TO WATCH: Other companies in the chip space include Intel (INTC), up 0.5%, Qualcomm (QCOM) up 0.6%, and Broadcom (BRCM), up 1.2%.
News For NVDA;INTC;QCOM;BRCM From The Last 14 Days
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September 9, 2014
07:13 EDTINTCIntel to hold a forum
Annual Developers Forum: IDF 2014 to be held in San Francisco on September 9-11.
07:11 EDTINTC, QCOMUBM Tech to hold a conference
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06:54 EDTQCOMChamber of Commerce says China antitrust efforts may be illegal, NY Times says
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September 8, 2014
13:18 EDTINTCIntel 'Grantley' line could drive server processor unit growth, says Wells Fargo
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13:15 EDTINTCIntel introduces Xeon processors for servers
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10:04 EDTQCOMAlcatel-Lucent sees commercial release of Enterprise Small Cells in early 2015
Alcatel-Lucent (ALU) has announced that it will introduce its new Enterprise Small Cell device at the beginning of 2015. In collaboration with Qualcomm Technologies, a subsidiary of Qualcomm (QCOM), Alcatel-Lucent is developing a small cell solution that will allow operators to extend superior 3G, 4G LTE and Wi-Fi connectivity and coverage into the office for in-building customers. The rapid development of the solution has led the company to extend its plans to include LTE and multi-standard residential cells, Alcatel said.
07:34 EDTQCOMU.S. claims China breaks commitments amid Qualcomm, Microsoft probes, WSJ says
As Microsoft (MSFT) and Qualcomm (QCOM) are being investigated for potential monopolistic activity by Chinese regulators and lawmakers there recently alleged price manipulation by foreign automakers including Toyota (TM), Honda (HMC) and Daimler (DDAIF), the U.S. Chamber of Commerce alleged that China's use of its antimonopoly law has been subjective and its implementation skewed to favor China's local companies, reported The Wall Street Journal. Reference Link
September 5, 2014
16:12 EDTINTCFossil, Intel announce collaboration to develop innovation in wearable tech
Fossil Group (FOSL) and Intel Corporation (INTC) announced that they will be collaborating to further develop wearable technology for the fashion industry. Fossil Group will partner with Intel to identify, support and develop emerging trends in the wearable technology space. The companies will work together on emerging products and technologies that will be developed for the fashion-oriented consumer. In addition, Fossil Group will work closely with Intel Capital, Intelís global investment organization, to identify and evaluate co-investments in emerging technologies to accelerate industry innovation and stay at the forefront of the wearable consumer trend.
11:39 EDTINTCIntel launches Core M processor, available Holiday 2014
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11:32 EDTINTCApple, Google, Adobe appeal court's rejection of hiring settlement, Reuters says
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08:22 EDTQCOM, NVDA, INTCNVIDIA lawsuits likely to have positive outcome, says JMP Securities
After NVIDIA (NVDA) filed lawsuits against Qualcomm (QCOM) and Samsung, JMP Securities thinks there is a good chance that NVIDIA will obtain a favorable ruling or settlement that is equal or greater to the $1.5B deal it cut with Intel (INTC),. The firm thinks that other companies, most notably Apple (AAPL), will launch talks with NVIDIA in the wake of the lawsuit. JMP Securities recommends buying NVIDIA ahead of upcoming Apple product refreshes and what it sees as accelerating growth trends for NVIDIA. The firm is upbeat about NVIDIA's new products and reiterates an Outperform rating.
07:54 EDTBRCMBroadcom price target raised to $50, shares attractive, says BofA/Merrill
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07:31 EDTNVDA, QCOMNVIDIA lawsuit positive, says Stifel
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September 4, 2014
16:13 EDTQCOM, NVDANVIDIA files patent infringement complaint against Qualcomm, Samsung
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09:06 EDTINTCHP, Intel, Dell announce creation of Redfish industry standard
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07:31 EDTINTCIntel management to meet with Deutsche Bank
Meeting to be held in Frankfurt on September 4 hosted by Deutsche Bank
06:40 EDTINTCApple, others restart discussions with tech staff in hiring suit, Reuters says
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September 3, 2014
08:34 EDTINTCIntel volatility increases as shares near 10-year high
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07:44 EDTINTCIntel management to meet with Deutsche Bank
Meetings to be held in Amsterdam/Milan on September 3 hosted by Deutsche Bank.
September 2, 2014
07:07 EDTINTCIntel management to meet with Deutsche Bank
Meeting to be held in Edinburgh, Scotland on September 2 hosted by Deutsche Bank.
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