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Stock Market & Financial Investment News

News Breaks
January 8, 2014
08:32 EDTROVI, SHCAYRovi, Sharp agree to new DivX licensing agreement
Rovi Corporation (ROVI) announced that Rovi and Sharp Corporation (SHCAY) have agreed to renew a multi-year DivX® licensing agreement. The new agreement enables Sharp to integrate DivX HEVC technology in its next-generation AQUOS® TVs and AQUOS® Blu-ray disc recorder product lines to support the high-quality streaming and playback of DivX HEVC HD 720p/1080p and UltraHD/4K HEVC content. In addition, the agreement includes use of Rovi’s adaptive streaming solution, DivX Plus Streaming®.
News For ROVI;SHCAY From The Last 14 Days
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April 15, 2014
10:00 EDTSHCAYOn The Fly: Analyst Downgrade Summary
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05:28 EDTSHCAYSharp downgraded to Underperform from Hold at Jefferies
Jefferies downgraded Sharp to Underperform citing the risks of another potential share issuance. The firm lowered its price target for shares to $2.30 from $3.10.
April 14, 2014
07:07 EDTSHCAYSharp mulls another share offering, could raise $1.97B, Reuters says
Sharp is contemplating another issue of new shares that could raise nearly $1.97B to replenish its depleted capital base, according to Reuters, citing a report from Japan's Asahi newspaper. Reference Link
April 9, 2014
06:07 EDTROVIRovi sell-off on patent ruling unwarranted, says Brean Capital
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06:01 EDTROVIRovi sell-off on patent ruling a buying opportunity, says Piper Jaffray
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April 8, 2014
16:21 EDTROVIOn The Fly: Closing Wrap
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15:02 EDTROVIRovi issues statement in response to court ruling in Amazon case
The U.S. Court of Appeals issued its decision in Rovi’s (ROVI) patent infringement litigation against Amazon (AMZN). Rovi had sued Amazon for infringing the two patents at issue in the decision. The appeals court sided with Amazon and found that the District Court’s interpretation of the claims of the patents was correct and therefore Amazon did not infringe these patents. "We are disappointed by this decision," said Rovi executive VP Samir Armaly, worldwide intellectual property and licensing. "It should be noted that this decision relates to only two patents in our extensive portfolio. We believe that our portfolio is even more relevant to Amazon today and going-forward than when the present litigation began in early 2011. Since that time, Amazon has continued to expand its video and over-the-top offerings through new products like the recently announced Fire TV. As illustrated by various recent agreements, Rovi’s patent portfolio continues to be recognized by leading companies looking to deliver compelling video experiences across multiple screens. We plan to continue to pursue Amazon going-forward to take the necessary licenses under our patent portfolio, not only to protect our rights but also the rights of our existing licensees in this space."
13:24 EDTROVIRovi weakenss a buying opportunity, says B. Riley
B. Riley said Rovi (ROVI) weakness related to the Amazon patent case is overdone and that the patents in question are old.
11:48 EDTROVIRovi down over 7% after appeals court ruling with Amazon
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11:25 EDTROVIAppeals court upholds ruling that Amazon did not infringe Rovi patents
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11:07 EDTROVICourt rules Amazon.com did not infringe on Rovi patent, Bloomberg says
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