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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:44 EDTRAX, HPQ, IBM, CSCO, GOOG, AMZN, EMC, VMWRackspace surges after report on 'going private' talks
Shares of open cloud company Rackspace (RAX) are rising after a technology focused blog said the firm is in talks with a private equity company to figure out a deal that would take it private. WHAT'S NEW: TechCrunch reported that Rackspace has been involved in negotiations with a private equity company for an agreement that would take the company private. A source within Rackspace is quoted as saying that the pressures of being a public firm could be "too much," while another source told the blog that an official announcement regarding the deal could occur as soon as this week. The TechCrunch article added that Rackspace has received bids from both HP (HPQ), which was said to be offering up to $43 per share, and IBM (IBM), though the source added that IBM's offer "fell through." WHAT'S NOTABLE: On May 15, Rackspace announced that it had been approached by a number of other companies that expressed interest in exploring strategic relationships, including partnerships and acquisitions. Rackspace disclosed it had hired Morgan Stanley (MS) to evaluate the proposals and explore other alternatives. Afterwards, analysts from Credit Suisse, Piper Jaffray and JMP Securities gave their opinions regarding potential acquirers of Rackspace, listing HP, Cisco (CSCO), Google (GOOG), Amazon (AMZN), EMC (EMC), VMWare (VMW) and Red Hat (RHT) as among the many potentially interested or suitable matches. ANALYST REACTION: Wells Fargo analyst Gray Powell feels that Rackspace could be "seriously" contemplating a motion to go private. Due to the company's strong balance sheet, Powell notes that the move is possible, but he thinks it is more likely that the company is trying to pressure possible acquirers. Wells continues to maintain an Outperform rating on Raxspace shares. PRICE ACTION: During morning trading, Rackspace jumped $2.23 or 6.6%, to $35.98.
News For RAX;HPQ;IBM;CSCO;GOOG;AMZN;EMC;VMW From The Last 14 Days
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August 20, 2014
08:59 EDTHPQHewlett-Packard weekly volatility increases into Q3 and outlook
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08:49 EDTHPQHP shares have dropped in August over past four years, Re/code reports
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07:01 EDTGOOGGarmin introduces first Android-based fleet navigators
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06:40 EDTAMZNAmazon.com to launch China e-commerce hub, WantChinaTimes says
Amazon will launch an e-commerce hub in the Shanghai Pilot Free Trade Zone at the end of September, according to WantChinaTimes, which cited a report in Chinese-language news agency the Paper. The hub will enable Amazon to bring goods from around the world to China, and to sell China's goods to buyers around the world, WantChinaTimes explained. Reference Link
06:36 EDTGOOGIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
06:26 EDTCSCOCisco COO says annual layoffs 'wrong way to do it,' Business Insider reports
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06:02 EDTAMZNAmazon.com implied volatility of 21 at lower end of index mean range
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August 19, 2014
12:45 EDTRAXRackspace advances after Blue Harbour takes activist stake
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12:21 EDTRAXRackspace rises on activist stakes, levels to watch
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11:05 EDTIBM, CSCO, HPQImperva seen as takeover candidate under new CEO
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09:07 EDTRAXOn The Fly: Pre-market Movers
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08:59 EDTHPQHewlett-Packard volatility increases into Q3 and outlook
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08:42 EDTCSCO, IBM, HPQImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.
08:35 EDTRAXRackspace may adopt more shareholder friendly structure, says Wells Fargo
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08:11 EDTVMW, EMCVMware promotes Betsy Sutter to SVP, Chief People Officer
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08:09 EDTEMC, VMWVMware updates executive responsibilities
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06:57 EDTAMZNAmazon.com implied volatility of 22 at lower end of index mean range
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06:50 EDTGOOGImages show impending Google music subscription service, Android Police says
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06:13 EDTGOOGContinental AG hires Google's Seval Oz to lead new division, WSJ reports
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05:57 EDTGOOGGoogle to offer accounts to children under 13, WSJ reports
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