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Stock Market & Financial Investment News

News Breaks
June 23, 2014
12:48 EDTORCL, MCRS, PRKR, QCOM, AVGO, PLXT, TEG, WECOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday despite higher manufacturing index readings in the U.S. and China. Bucking the trend, a similar reading in Europe fell from its May level in the preliminary, or "flash," looks at the purchasing managers indexes. The market opened slightly lower and the major averages have moved in a narrow range throughout the morning, though they have spent most of their time slightly below the flat-line. ECONOMIC EVENTS: In the U.S., Markit's flash manufacturing purchasing managers index for June rose to 57.5 from 56.4 in May. Existing home sales beat estimates with a 4.9% May rise to a 4.89M rate. In China, HSBC's flash manufacturing PMI rose to 50.8 from 49.4 last month, hitting a seven-month high and moving into expansion territory for the first time this year. In Europe, Markit's euro zone flash composite purchasing managers' index fell to 52.8 in June from 53.5 in May. COMPANY NEWS: Oracle (ORCL) confirmed an agreement to acquire MICROS Systems (MCRS) for $68 per share in cash in a transaction valued at $4.6B net of MICROS' cash. Oracle's purchase was well telegraphed, after Bloomberg first reported on June 17 that a deal between the two was close and The Wall Street Journal confirmed the news over this weekend prior to the announcement from the companies. Shares of the register system and hospitality software maker rose a bit over 3% to trade just below the acquisition price near noon, while Oracle was up nearly 1% following the announcement. MAJOR MOVERS: Among the other notable gainers were two other companies that agreed to be acquired: Integrys (TEG) jumped 12.5% after Wisconsin Energy (WEC) struck a deal to buy the company in a transaction valued at $9.1B and PLX Technology (PLXT) rose 9% this morning after Avago Technologies (AVGO) said it will buy the circuit maker for $6.50 per share in an all-cash deal. Shares of both buyers slipped after the deals were announced, with Wisconsin Energy falling more than 2.5% and Avago dropping nearly 1%. Also lower was ParkerVision (PRKR), which crashed 53% after a Florida judge ruled in favor of its competitor, Qualcomm (QCOM), in a patent infringement trial between the companies. INDEXES: Near midday, the Dow was down 27.42, or 0.16%, to 16,919.66, the Nasdaq was down 0.96, or 0.02%, to 4,367.07, and the S&P 500 was down 1.27, or 0.06%, to 1,961.60.
News For ORCL;MCRS;PRKR;QCOM;AVGO;PLXT;TEG;WEC From The Last 14 Days
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September 16, 2014
07:34 EDTORCLOracle September volatility elevated into Q1 and outlook
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07:19 EDTQCOM, ORCLCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
06:41 EDTQCOMQualcomm accused of bribing Chinese official, WantChinaTimes says
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September 15, 2014
16:39 EDTORCLOracle assumed with a Sector Perform at RBC Capital
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10:34 EDTQCOMQualcomm acquires image recognition start-up Euvision
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07:19 EDTORCLSNIA to hold a conference
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September 14, 2014
20:25 EDTORCLOracle buys Front Porch Digital, terms undisclosed
Oracle announced that it has signed an agreement to acquire Front Porch Digital, a provider of content storage management solutions that help companies migrate, manage and monetize large-scale media assets. Front Porch Digital's big data technologies help enterprises easily handle their rapidly expanding and complex volumes of digital media content, such as high definition films and TV shows, medical images and records, and real-time security monitoring feeds. More than 550 organizations worldwide rely on Front Porch Digital across multiple industries to ensure the availability and accessibility of their valuable content, including A&E Television, BBC, Discovery Communications, U.S. Library of Congress and NASCAR. In total, Front Porch Digital helps manage over 750 petabytes of digital content. Together, Oracle and Front Porch Digital will help organizations more effectively and efficiently manage the growing complexities associated with the migration, integration, storage, and delivery of rich media content.
September 12, 2014
15:31 EDTORCLOracle September volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 31, October is at 18, December is at 19; compared to its 26-week average of 23 according to Track Data suggesting large near term price movement into the expected release of Q1 results after the close on September 18.
September 11, 2014
11:17 EDTORCLEMC seen as potential target after said to mull VMware stake sale
EMC (EMC) is considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW), The New York Post reported today, citing unnamed sources. Calling The New York Post "surprisingly accurate" on M&A news, UBS said the likelihood of change at EMC has increased and it has become a potential takeover target. WHAT'S NEW: EMC is exploring the possibility of selling its stake in VMware, which could be acquired by HP (HPQ), according to one source, The Post reported. EMC could also look to sell other assets, the newspaper quoted a second unnamed source as saying. ANALYST REACTION: UBS analyst Steven Milunovich wrote that he is more convinced in the wake of the Post story that "something is up" at EMC. Although EMC has denied in the past that it would consider selling or spinning off VMware, the company could change its tune, the analyst stated. HP could buy VMware or all of EMC, while Oracle (ORCL) and Cisco (CSCO) are also potential buyers of EMC, Milunovich believes.The analyst kept a $33 price target and Buy rating on shares of EMC. WHAT'S NOTABLE: Activist investor Elliott Management, a hedge fund, has taken a $1B stake in EMC and wants the company to spin off VMware, The Wall Street Journal reported in July. Early last month, research firm FBR Capital wrote that an EMC spin-off of VMware could enhance shareholder value for both companies and make VMware a top acquisition candidate by a larger technology company. The firm kept an Outperform rating on EMC at that time. PRICE ACTION: In late morning trading, EMC was little changed at $29.50, down from its earlier high of $29.89. VMware fell 0.7% to $96.75, down from its earlier daily high of $97.86.
10:30 EDTORCLUBS sees increasing likelihood of change at EMC
UBS calls the New York Post "surprisingly accurate on M&A" after the paper reported that EMC (EMC) is considering the sale of its stake in VMware (VMW). The firm believes the likelihood for change at the company is rising. In addition, UBS says the industry should consolidate, and it views EMC as a potential target. UBS thinks Cisco (CSCO), Oracle (ORCL) and HP (HPQ) might be interested parties in owning part or all of EMC. The firm believes an HP, EMC merger would make sense. UBS has a Buy rating on EMC with a $33 price target.
September 10, 2014
14:21 EDTAVGOAvago mentioned positively at Deutsche Bank
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14:06 EDTQCOMQualcomm could be hit with $1.6B fine, WantChinaTimes says
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10:51 EDTORCLOracle September volatility elevated into Q1 and outlook
Oracle September call option implied volatility is at 28, October is at 18, December is at 19; compared to its 26-week average of 23 according to Track Data suggesting large near term price movement into the expected release of Q1 results after the close on September 18.
07:23 EDTORCLOracle coverage assumed with a Neutral at MKM Partners
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September 9, 2014
09:45 EDTQCOMBofA/Merrill wireless equipment analyst holds analyst/industry conference call
Wireless Equipment Analyst Liani discusses a recently published report, "Wireless Equipment: A Deep Dive into Qualcomm's Royalties, Semis and Cash" on an Analyst/Industry conference call to be held on September 9 at 11 am.
07:17 EDTQCOM, ORCLThe Wireless Association to hold a conference
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07:11 EDTQCOMUBM 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
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
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