New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 23, 2014
16:17 EDTMTOR, TEG, QCOM, NSPH, ETN, PRKR, WECOn The Fly: Closing Wrap
Stocks on Wall Street began the session in negative territory and remained there for most of the session, though a late day rally allowed the Nasdaq to move very narrowly into positive territory. Preliminary, or "flash," manufacturing index readings in the U.S. and China rose from last month and indicated expansion, but a similar reading in Europe fell from its May level. The major averages drifted throughout the day and remained in a narrow range, as the Dow remained below the 17,000 milestone for another day. 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, which measures activity across both the manufacturing and services sectors, fell to 52.8 in June from 53.5 in May. COMPANY NEWS: Shares of radio frequency technologies and products company ParkerVision (PRKR) crashed $3.16, or 63.07%, to $1.85 after a Florida judge ruled in favor of its competitor, Qualcomm (QCOM), in a patent infringement case between the two. ParkerVision confirmed that on Friday, June 20, a judge granted Qualcomm's motion for non-infringement but denied Qualcomm's motion for invalidity. ParkerVision CEO Jeffrey Parker said, "While we are pleased that the court upheld the jury's decision that the patents are valid, we are obviously disappointed with the District Court's ruling that judgment be entered for Qualcomm on non-infringement. We will appeal this latest ruling on non-infringement." In October 2013 a jury had found that ParkerVision's down-conversion technology patents were valid and infringed by Qualcomm and awarded ParkerVision $172.7M in damages. MAJOR MOVERS: Among the notable gainers was small-cap Nanosphere (NSPH), which surged 20c, or 14.6%, to $1.57 after it was selected by HealthTrust as a provider of multi-target molecular diagnostic tests for the nearly 1,400 acute care facilities that are part of the HealthTrust membership. Also higher was Integrys (TEG), which jumped $7.40, or 12.14%, to $68.35 after agreeing to be acquired by Wisconsin Energy (WEC) in a transaction valued at $9.1B. Wisconsin Energy shares slid $1.62, or 3.45%, to $45.27 following the deal announcement. Among the other noteworthy losers was Meritor (MTOR), which fell $1.91, or 13.09%, to $12.68 after industrial products maker Eaton (ETN) agreed to pay its joint venture, ZF Meritor, $500M to settle a lawsuit that alleged Eaton had sought to stifle competition in the truck transmission market. Wells Fargo analyst Andrew Casey wrote that the $500M amount was lower than most had expected, since Eaton may have had to pay $1.4B-$2.4B if the size of the payment had been decided through a trial. Eaton shares trading in New York advanced $1.68, or 2.17%, to $79.24 following the settlement deal. INDEXES: The Dow fell 9.82, or 0.06%, to 16,937.26, the Nasdaq gained 0.64, or 0.01%, to 4,368.68, and the S&P 500 slipped 0.26, or 0.01%, to 1,962.61.
News For PRKR;QCOM;MTOR;ETN;TEG;WEC;NSPH From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
August 26, 2015
12:14 EDTQCOMAnalysts say Ambarella selloff overdone, recommend buying shares
Subscribe for More Information
11:08 EDTMTOROshkosh upgraded after JLTV contract win, but BofA says 'sell the news'
Subscribe for More Information
10:00 EDTETNOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:26 EDTMTORMeritor to supply components to Oshkosh for recently awarded JLTV program
Subscribe for More Information
09:03 EDTETNEaton upgraded to Buy from Hold at Vertical Research
07:23 EDTQCOMAmbarella weakness overdone, says Stifel
Noting that Ambarella's (AMBA) stock has dropped 20% since Qualcomm (QCOM) indicated that it would look to supply chips for drones, Stifel says that the decline is overdone. The firm thinks that it's more likely that Qualcomm's chip will be used to help control drones, rather than replace Ambarella's video processor. The firm continues to recommend Ambarella's stock.
06:22 EDTQCOMiPhone 6S to include Qualcomm radio frequency transceiver chip, MacRumors says
Subscribe for More Information
05:21 EDTQCOMQualcomm agrees to sell UK L-Band spectrum to Vodafone, H3G
Subscribe for More Information
August 24, 2015
10:17 EDTQCOMQualcomm upgraded to Buy from Hold at Standpoint Research
Subscribe for More Information
09:45 EDTQCOMOn The Fly: Analyst Initiation Summary
Subscribe for More Information
08:54 EDTQCOMQualcomm coverage resumed with a Buy at Goldman
Subscribe for More Information
06:22 EDTQCOMTSMC pursuing 16nm chip orders, DigiTimes reports
According to market sources, DigiTimes reports that TSMC (TSM) has been "actively" seeking 16nm FinFET chip orders. In addition to securing a portion of Apple's (AAPL) A9 chip orders, TSMC has also received orders from AMD (AMD), Broadcom (BRCM), LG, Nvidia (NVDA) and Avago (AVGO), the sources say, noting that TSMC failed to maintain orders for Qualcomm's (QCOM) flagship mobile chips, as it has placed orders for the Snapdragon 820 series with Samsung (SSNLF). Reference Link
August 21, 2015
16:21 EDTQCOMOn The Fly: Top stock stories for Friday
Subscribe for More Information
13:41 EDTQCOMAmbarella sinks after supremacy in drone technology challenged by Qualcomm
Subscribe for More Information
12:53 EDTQCOMAmbarella competition in drones not a surprise, says Canaccord
Subscribe for More Information
11:12 EDTQCOMQualcomm reportedly to enter consumer drone market
Subscribe for More Information
10:50 EDTQCOMCitron says next stop $70 for shares of Ambarella
Subscribe for More Information
09:19 EDTQCOMQualcomm to enter consumer drone market, Re/code reports
Subscribe for More Information
August 19, 2015
06:18 EDTQCOMQualcomm exec among casualties in midair plane crash, AP reports
Subscribe for More Information
August 18, 2015
05:55 EDTQCOMQualcomm to supply all modem chips for next iPhone, DigiTimes reports
Subscribe for More Information
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use