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Stock Market & Financial Investment News

News Breaks
May 16, 2014
08:33 EDTVMW, IBM, HPQ, T, EMC, RAXRackspace 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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June 23, 2015
10:01 EDTIBMIBM up after Post says Ackman to take on big target
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10:00 EDTTOn The Fly: Analyst Upgrade Summary
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09:36 EDTTActive equity options trading on open
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07:41 EDTIBMRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
06:05 EDTHPQNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
06:04 EDTIBMOracle says extending enterprise cloud portfolio
At a live event yesterday, Oracle (ORCL) Executive Chairman of the Board and CTO Larry Ellison announced new additions to the Oracle Cloud Platform, a comprehensive, integrated suite of services that make it easier for developers, IT professionals, business users and analysts to build, extend and integrate cloud applications. With more than 24 new cloud services, the Oracle Cloud Platform "extends Oracle's leadership with the world's broadest and deepest portfolio" of SaaS, PaaS and IaaS. Newly available Oracle Cloud services include, Oracle Database Cloud - Exadata, Oracle Archive Storage Cloud, Oracle Big Data Cloud, Oracle Integration Cloud, Oracle Mobile Cloud, and Oracle Process Cloud. The Oracle Cloud Platform helps customers build new applications, extend existing ones, and easily move existing on-premises workloads to the cloud with no application changes. The services are designed to maximize end user experience and productivity; enable developers to manage and analyze data, rapidly develop, test and deploy applications; enable architects to quickly integrate across on-premises and cloud applications; and enable business users to drive rich business insights and enterprise collaboration. With the Oracle Cloud Platform, customers and partners are able to take advantage of the industry-leading Oracle middleware and database software that thousands of global organizations already use to run their own businesses, all delivered via cloud. The extensive level of automation that has been engineered into the Oracle Cloud, results in faster time-to-value, greater innovation, and lower cost for customers. "Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That's an industry record, no company has ever sold that much in just one quarter," said Ellison. "Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier (AMZN) and it's one-tenth their price."
05:41 EDTTAT&T upgraded to Buy from Neutral at UBS
UBS analyst John Hodulik upgraded AT&T (T) to Buy citing an attractive valuation at current share levels. Hodulik expects the phone giant's core domestic wireless business to show "meaningful improvement" in Q2. He also thinks financial benefits from the DirecTV (DTV) acquisition are being underappreciated by the market. Hodulik raised his price target for AT&T shares to $42 from $34. The stock was also upgraded this morning by Barclays analyst Amir Rozwadowski. AT&T shares closed yesterday up 5c to $35.04.
05:35 EDTTAT&T upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Amir Rozwadowski upgraded AT&T (T) to Overweight saying earnings estimates should move higher following the close of the DirecTV (DTV) acquisition. After visiting AT&T's headquarters, Rozwadowski believes synergies from the deal are "too material to ignore." He raised his price target for AT&T shares to $39 from $34. The stock closed yesterday up 5c to $35.04.
June 22, 2015
09:40 EDTTActive equity options trading on open
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05:39 EDTIBMNidec, IBM Japan to jointly develop IoT Technology
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June 19, 2015
16:00 EDTTOptions Update; June 19, 2015
iPath S&P 500 VIX Short-Term Futures up 11c to 18.21, Option volume leaders: AAPL TWTR BAC T FB GILD NFLX BABA AAL MU AMZN
07:44 EDTHPQTamr receives $25.2M in financing from HP Ventures, Thomson Reuters, others
Tamr announced that it has raised $25.2M in Series B financing from Hewlett Packard Ventures (HPQ); Thomson Reuters (TRI); MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company and others. Current Tamr investors NEA and Google Ventures (GOOG) also participated in the round. Tamr will use the funds to significantly grow sales as well as product engineering for Tamr’s scalable data unification platform.
06:22 EDTIBMLayoffs commenced at IBM this week, Business Insider reports
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06:22 EDTTMicrosoft to offer more Lumia phones through U.S. carriers, Re/code reports
Microsoft (MSFT) will be offering more of its Lumia smartphones through U.S. wireless carriers, Re/code reports. Beginning next week, the company’s Lumia 640 XL smartphone will be available through AT&T (T) for around $250, the report says. The Lumia 735 will begin selling through Verizon (VZ) at around $200, Re/code reports. Reference Link
June 18, 2015
15:05 EDTHPQOracle hires David Donatelli to lead Converged Infrastructure
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11:43 EDTIBMIBM, Sogeti partnering on hybrid cloud development
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07:26 EDTIBMImperva price target raised to $75 from $59 at Stephens
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June 17, 2015
12:04 EDTTFCC plans to fine AT&T $100M for misleading customers about unlimited data plans
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10:10 EDTEMCClusterHQ announces collaboration with EMC
ClusterHQ announced integration between ClusterHQ's Flocker container data management software and EMC's ScaleIO and EMC XtremIO storage solutions. As a result, developers and operations teams can architect and manage storage backends for Docker-based applications. EMC collaborated with ClusterHQ to develop pluggable storage drivers for ScaleIO and XtremIO solutions that enable flexible and portable shared storage for Docker.
June 16, 2015
08:17 EDTTElephant Talk reaches $13.5M global settlement with Grupo Iusacell
Elephant Talk Communications (ETAK) reports it ended its relationship with Grupo Iusacell and agreed to a global settlement worth approximately $13.5M in favor of Elephant Talk, consisting of $12.6M in cash and the remaining balance in exchange for certain obligations of Elephant Talk to Iusacell. The cash payment will be reflected on the company's financial reports for the quarter ended June 30. The termination was to allow for AT&T (T) and Iusacell to ensure consistency of infrastructure suppliers in their businesses, Elephant Talk said.
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