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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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July 31, 2015
07:28 EDTROVIRovi price target lowered to $20 form $31 at Brean Capital
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06:00 EDTSHCAYSharp to end in-house production of Si PV modules, Nikkei reports
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05:59 EDTROVIRovi price target lowered to $26 from $29 at Piper Jaffray
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05:44 EDTROVIRovi price target lowered to $23 from $27 at JPMorgan
JPMorgan analyst Sterling Auty lowered his price target for Rovi (ROVI) to $23 saying the company's Q2 results and guidance were worse than expected. The Netflix (NFLX) litigation outcome has led to slower sales cycles, Auty tells investors in a research note. He sees an uncertain growth outlook going forward and keeps a Neutral rating on Rovi.
July 30, 2015
16:22 EDTROVIRovi to continue pursuing Netflix litigation
Rovi (ROVI) said in its earnings release, "While we are disappointed with the Netflix ruling, we continue to believe in our broader IP licensing business. Our second half focus is on achieving our sales and profit objectives, continuing our big-four renewal negotiations, securing meaningful design wins for our products and continuing to pursue our Netflix litigation."
16:21 EDTROVIRovi says shares undervalued, to buy back $50M in Q3
Rovi said it believes its stock is currently undervalued, and the company intends to repurchase an additional $50M of the company’s shares in Q3, under the existing stock repurchase authorization.
16:20 EDTROVIRovi sees 2015 EPS $1.35-$1.60, consensus $1.70
Sees 2015 revenue $500M-$530M, consensus $546.6M. The company said, "The low-end of this range assumes no new or one-time revenues are recognized in the second-half of 2015, which the Company considers unlikely. The midpoint of this range assumes approximately the same level of new or one-time revenues in the second half of the year as the Company achieved in the first half of 2015."
16:19 EDTROVIRovi reports Q2 EPS 38c, consensus 38c
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14:15 EDTSHCAYSharp to halt production of thin solar cells, Nikkei says
Sharp (SHCAY) plans to stop producing thin solar cells due to heightened price competition from Asian rivals, reports Nikkei. The publication notes that the company will use its Sakai thin solar cell plant to instead produce solar panels for residential use. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
08:56 EDTSHCAYTaiwan LCD TV maker shipments down 8.6% in Q2, Digitimes reports
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July 29, 2015
08:04 EDTROVIRovi extends product, entertainment discovery patent license agreement to Funai
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