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Stock Market & Financial Investment News

News Breaks
July 31, 2012
08:06 EDTSNE, OVTINeedham cuts OmniVision estimates after Sony keeps Apple position
Needham said that its channel checks indicate Sony (SNE) has retained its position at Apple (AAPL), supplying the 8MP back-camera sensor for the upcoming iPhone 5. The firm believes OmniVision (OVTI) is supplying the 1.3 MP front-sensors, plus an extra pixel for image. Since Needham had expected Apple would dual-source the 8MP sensor socket between OmniVision and Sony, it lowered its estimates for OmniVision following its channel checks. The firm dropped its price target for shares to $18 from $24, but keeps a Buy rating on the name.
News For OVTI;SNE From The Last 14 Days
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August 17, 2014
18:51 EDTOVTIInvestors should hold on to OmniVision, Barron's says
Investors should hold on to OmniVision, as the company could negotiate a slightly higher price from Hua Capital, Barron's contends in a follow up article. Reference Link
August 15, 2014
10:09 EDTSNESony expected to debut Smartwatch 3 next month, GigaOM reports
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10:01 EDTOVTIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Apollo Global (APO) downgraded to Market Perform from Outperform at Wells Fargo... Calavo Growers (CVGW) downgraded to Neutral from Outperform at Wedbush... DaVita (DVA) downgraded to Hold from Buy at Deutsche Bank... Dangdang (DANG) downgraded to Neutral from Outperform at Credit Suisse... Ducommun (DCO) downgraded to Neutral from Buy at DA Davidson... Energy XXI (EXXI) downgraded to Sector Perform from Outperform at Howard Weil... Fifth Street Finance (FSC) downgraded to Neutral from Buy at Gilford Securities... Genetic Technologies (GENE) downgraded to Neutral from Buy at Ladenburg... Harmony Gold (HMY) downgraded to Underweight from Neutral at HSBC... Ignite Restaurant (IRG) downgraded to Neutral from Overweight at Piper Jaffray... JDSU (JDSU) downgraded to Hold from Buy at Argus... K12 (LRN) downgraded to Market Perform from Outperform at Wells Fargo... KKR (KKR) downgraded to Market Perform from Outperform at Wells Fargo... Lexington Realty (LXP) downgraded to Neutral from Buy at Ladenburg... Lithia Motors (LAD) downgraded to Underweight from Equal Weight at Morgan Stanley... New York & Co. (NWY) downgraded to Neutral from Buy at Janney Capital... OCI Partners (OCIP) downgraded to Underweight from Equal Weight at Barclays... OmniVision (OVTI) downgraded to Neutral from Outperform at RW Baird... Smith & Nephew (SNN) downgraded to Equal Weight from Overweight at Morgan Stanley... Subsea 7 (SUBCY) downgraded to Neutral from Buy at Goldman... Tencent (TCEHY) downgraded to Neutral from Overweight at JPMorgan... ViaSat (VSAT) downgraded to Equal Weight from Overweight at Stephens... bebe stores (BEBE) downgraded to Neutral from Buy at Janney Capital.
09:39 EDTSNENPD: Sony's PS4 beats out Xbox One in July, BGR reports
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06:03 EDTOVTIOmniVision downgraded to Neutral from Outperform at RW Baird
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August 14, 2014
16:30 EDTOVTIOn The Fly: Closing Wrap
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15:15 EDTOVTIOmniVision price target rasied to $32 following Hua Capital offer at Needham
Needham raised its price target on OmniVision to $32 from $27 following Hua Capital Management's preliminary offer to acquire all the company's shares at $29 per share cash. The analyst believes a deal near $32 is more likely given recent industry transactions, the likelihood of a higher bid and potential for other bidders to emerge. Shares are Buy rated.
13:25 EDTSNESony enters into car sensor industry, Nikkei says
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12:59 EDTOVTIOmniVision competing bid 'highly unlikely,' says Wedbush
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12:30 EDTOVTIOn The Fly: Midday Wrap
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10:53 EDTOVTIHigh option volume stocks
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09:44 EDTOVTIOmniVision volatility expected to move on non-binding acquisition proposal
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09:14 EDTOVTIOmniVision to resume trading at 9:50 am ET after disclosing buyout offer
OmniVision announced earlier that its board has received a preliminary non-binding proposal from Hua Capital Management to acquire all of the outstanding shares of common stock of the company at $29.00 per share in cash. The stock remains halted, but quotation is set to resume at 9:45 am ET and trading is scheduled to resume at 9:50 am ET, according to Nasdaq. OmniVision shares were up fractionally to $24.76 in pre-market trading prior to being halted.
09:06 EDTOVTIOmniVision reports Q2 EPS (7c)
Reports Q2 revenue $7.15M.
09:04 EDTOVTIOmniVision announces receipt of non-binding acquisition proposal
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08:55 EDTOVTIOmniVision trading halted, pending news
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08:12 EDTSNESony Pictures Entertainment, T3Media announce partnership
T3Media announced an expanded agreement with Sony Pictures Entertainment, a unit of Sony, to allow T3Media to manage the licensing and distribution of the entire SPE stock footage archive. In addition, T3Media will expand its technology services offering to include enhanced automated metadata creation, additional storage capacity, digital distribution, and use of T3Media's industry leading temporal metadata toolsets. Starting in September, more than 140K clips SPE's stock footage archive will be available for the production community to license via T3Licensing.com. With a direct sales team and a global network of sub distributors, T3Media is ideally positioned to provide access and value for the SPE stock footage archive.
August 12, 2014
13:19 EDTSNESony says 10M PS4 consoles have been sold since launch, TechCrunch reports
Sony has sold 10M units of the PlayStation 4 consoles to consumers since its launch last year, TechCrunch reports, citing comments made by Sony Computer Entertainment Europe CEO Jim Ryan at Gamescom 2014. Reference Link
05:23 EDTSNEPlantronics announces partnership with Sony Computer Entertainment Europe
Plantronics (PLT) announced it has entered into its first-ever partnership with Sony Computer Entertainment Europe (SNE) to provide advanced audio perfectly optimized for performance with PlayStation 4, PlayStation 3, and PlayStation Vita. The new, officially-licensed product, the Plantronics RIG for PS4, PS3, PS Vita will be available across Europe, Middle East and Oceania for the 2014 holiday season.
August 8, 2014
12:49 EDTSNEChina chosen as first market for Sony 4K curved TV's, Nikkei reports
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