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Stock Market & Financial Investment News

News Breaks
May 16, 2014
08:33 EDTEMC, RAX, VMW, IBM, HPQ, TRackspace may be worth $54 per share in takeout, says William Blair
William Blair believes Rackspace (RAX) could be a strategic asset to other companies in the OpenStack ecosystem, such as AT&T (T), IBM (IBM), EMC (EMC), HP (HPQ) and VMware (VMW). The firm says recent deals in the data center space would imply a $54 per share valuation for Rackspace in a takeout scenario. William Blair has an Outperform rating on Rackspace.
News For RAX;T;IBM;EMC;HPQ;VMW From The Last 14 Days
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April 17, 2015
09:32 EDTIBMIBM acquires Explorys from Heritage Group
Explorys, a portfolio company of venture capital firm Heritage Group, has been acquired by IBM in an agreement signed April 13. In May 2012, big data company Explorys received a significant investment from the Heritage Healthcare Innovation Fund, a $167M strategic venture fund that invests in businesses that reduce healthcare costs, improve outcomes and increase the efficiency of delivery.
06:33 EDTIBMChina suspends new bank technology policy, NY Times reports
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06:06 EDTEMCEMC upgraded to Outperform from Market Perform at Bernstein
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April 16, 2015
10:00 EDTVMWOn The Fly: Analyst Upgrade Summary
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05:57 EDTVMWVMware upgraded to Buy from Hold at Summit Research
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April 15, 2015
15:14 EDTIBMIBM April volatility elevated into Q1 and outlook
IBM April weekly call option implied volatility is at 31, May is at 22, June is at 18; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q1 results after the market close on April 21.
08:43 EDTIBMIBM estimates lowered at Credit Suisse ahead of the Q1 report
Credit Suisse lowered IBM estimates ahead of the Q1 report on April 20 and reiterated its Underperform rating and $125 price target on the stock. The firm's Q1 estimates for EPS and revenue go to $2.84/$19.8B versus consensus of $2.86/$19.9B and FY15 to $15.59/$85B versus consensus of $15.98/$85.4B. Credit Suisse concerns remain a weak order book and a reduction in industry-wide deal sizes, margin dilution from the cloud despite any revenue growth, less effective restructuring, and internal turmoil and underinvestment.
08:09 EDTVMWGood Technology and VMware resolve patent litigation
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07:58 EDTHPQTsinghua confirms talks for controlling stake in HP unit in China, WSJ reports
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06:46 EDTTAT&T files lawsuit to challenge net neutrality order, WSJ says
AT&T filed a lawsuit to overturn the FCC's net neutrality order to reclassify the internet as a telecommunications service, reports the Wall Street Journal. The move is surprising, as AT&T didn't join in prior suits, the Journal adds. Reference Link
05:10 EDTHPQHP selects Antonio Lucio as Chief Marketing Officer of HP Inc.
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April 14, 2015
17:34 EDTEMCGuidance Software appoints Patrick Dennis as CEO
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12:40 EDTTPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
07:47 EDTHPQHP announces new $190M Medicaid contract in Arkansas
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April 13, 2015
20:16 EDTTUSTelecom files net neutrality lawsuit against FCC
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19:43 EDTHPQHP reaffirms commitment to the public cloud
In a blog post on HP's website, senior VP Bill Hilf said, "In the past week, a quote of mine in the media was interpreted as HP is exiting the public cloud, which is not the case." Reference Link
17:13 EDTIBMIBM Medtronic to partner to improve diabetes care
IBM (IBM) and Medtronic (MDT) announced that they will work together to combine powerful analytics and cognitive computing with diabetes medical devices and health data to develop a new generation of personalized diabetes management solutions. People using Medtronic diabetes solutions could benefit from new solutions developed in collaboration with IBM's newly-formed Watson Health unit.
17:12 EDTIBMIBM acquires Cleveland-based Explorys and Dallas-based Phytel
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17:10 EDTIBMIBM establishes a Watson Health Cloud
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07:08 EDTEMCSources: Symantec exploring Veritas sale 'for months,' Reuters reports
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