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Stock Market & Financial Investment News

News Breaks
June 22, 2014
11:23 EDTBBRY, RHT, ORCLOracle, Red Hat, BlackBerry working to meet challenges, Barron's says
Oracle (ORCL), Red Hat (RHT), and BlackBerry (BBRY) have been working to overcome challenges and transform themselves back into disruptors, Barron's contends in its "Technology Trader" column. Reference Link
News For ORCL;RHT;BBRY From The Last 14 Days
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April 30, 2015
07:07 EDTORCLSalesforce appears to be open to evaluating takeover offers, says Stifel
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06:51 EDTORCLPiper sees Salesforce takeover price upwards of $100/share
Piper Jaffray followed JPMorgan in predicting a Salesforce takeover price upwards of $100 per share. Piper calls Salesforce a "very attractive and unique asset," but admits it has no proprietary information about a potential deal. Oracle (ORCL), Microsoft (MSFT), IBM (IBM) and the large Internet centric vendors are the only tech companies likely to afford Salesforce, Piper believes. It points out that while Oracle denied it made an offer, the $10B in debt raised earlier this week by the company is likely to keep it near the top of the potential acquirer list. Piper says Salesforce potentially being in play raises the potential for any pure cloud vendor to be taken over, including Workday (WDAY) and ServiceNow (NOW), as well as "host of smaller pure cloud vendors and fast-growing non-cloud companies" such as Splunk (SPLK). The firm keeps an Overweight rating on Salesforce with an $80 price target.
06:49 EDTORCLOracle has not approached Salesforce, BuzzFeed says
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06:10 EDTORCLJefferies sees 'very low' probability of Salesforce takeover
Jefferies views the 12% rally in Salesforce (CRM) shares yesterday after Bloomberg reported the company is fielding takeover offers as an overreaction. The firm says the probability of a sale is "very low, especially with the stock already trading at an inflated valuation." It views Microsoft (MSFT) as the most likely suitor, with Oracle (ORCL), IBM (IBM) and Google (GOOG) potentially in the mix. Jefferies keeps an Underperform rating on Salesforce with a $49 price target. The stock closed yesterday up $7.76 to $74.65.
05:57 EDTORCLMicrosoft, IBM, Oracle rumored as potential Salesforce.com suitors, Re/code says
Potential suitors for Salesforce.com (CRM), which is said to have hired financial advisers to handle takeover inquiries, may include Microsoft (MSFT), IBM (IBM), Google (GOOG) and Oracle (ORCL), Re/code's Arik Hesseldahl reports. Hesseldahl notes that Salesforce CEO Marc Benioff attended a dinner with Microsoft CEO Satya Nadella on Tuesday night, ahead of Microsoft's Build conference. Reference Link
05:46 EDTORCLStocks with implied volatility movement; CRM ORCL
Stocks with implied volatility movement; Salesforce (CRM) 57, Oracle (ORCL) 21 according to iVolatility.
April 29, 2015
17:16 EDTORCLSalesforce could be worth $100/share in a takeover, says JPMorgan
After Bloomberg reported this afternoon that Salesforce has hired bankers to field takeover inquiries, JPMorgan analyst Mark Murphy told investors that he believes the stock could be worth $100 in a buyout. Shares closed the trading day up $7.76 to $74.65. A deal would be the largest in software history, and only a short list of companies could pull it off, Murphy wrote. Those companies are Microsoft (MSFT), Oracle (ORCL), IBM (IBM) and SAP (SAP), he believes. After pointing out JPMorgan has "no conclusive evidence to confirm or dispel the speculation," Murphy noted Salesforce CEO Marc Benioff was sitting in the front row of the Microsoft Build Conference this morning and that Oracle just raised $10B of debt. The analyst calls Salesforce a "rare asset" and the "pioneering leader of the cloud computing." He has an Overweight rating on the shares.
14:58 EDTORCLSalesforce hires bankers after approach by potential buyer, Bloomberg says
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14:48 EDTORCLOracle May weekly volatility elevated
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13:19 EDTBBRYBlackBerry offering signficant discount in India, CrackBerry says
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April 27, 2015
12:37 EDTBBRYBlackBerry CEO says expanding apps availability on phone
BlackBerry CEO is speaking on a CNBC interview.
08:08 EDTORCLAccenture, Oracle form new business group
Accenture (ACN) and Oracle (ORCL) have launched a new business group to jointly help customers embrace the cloud to achieve their digital transformation goals. Through the group, Accenture and Oracle will deliver industry-specific solutions built on the Oracle Cloud to help clients realize the benefits of the cloud faster and with reduced risk. The Accenture Oracle Business Group brings together the leading technology, skills and experience from each company to offer businesses the ability to implement cloud solutions quicker and easier than previously possible.
06:05 EDTBBRYBlackBerry implied volatility of 37 at lower end of index mean range
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April 24, 2015
16:14 EDTBBRYBlackBerry considers shutting down Sweden operations, WSJ reports
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April 23, 2015
14:25 EDTBBRYBlackBerry shares jump after MobileIron cuts Q1 revenue outlook
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10:45 EDTORCLRumor: Salesforce.com active on renewed takeover speculation
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08:31 EDTRHTRed Hat management to meet with JPMorgan
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07:05 EDTRHTRed Hat to hold a webinar
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April 21, 2015
09:09 EDTBBRYBlackBerry to acquire WatchDox, term not disclosed
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06:16 EDTBBRYBlackBerry could acquire WatchDox for $150M-$200M, Globes reports
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