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Stock Market & Financial Investment News

News Breaks
January 4, 2013
10:40 EDTROVIRovi rallies after saying it will look to sell entertainment store
Rovi (ROVI), which sells digital entertainment products, is climbing after the company announced that it would look to sell its Rovi Entertainment Store business. The Rovi Entertainment Store, which the company acquired in February 2011, sells solutions that enable users to drive revenue from over the top media delivery and cloud-based entertainment, according to Rovi. The company said it's looking to sell the store in order to focus on its core assets and intellectual property. The company estimated that its fiscal 2012 earnings per share would be $2.05-$2.10, with the store classified as a discontinued operation. The company's updated fiscal 2012 revenue forecast, with the store treated as a discontinued operation, is $645M-$650M. In a note to investors earlier today, Brean Capital analyst Todd Mitchell wrote that Rovi's decision to sell the entertainment store is positive, as he believes that such a transaction would increase the company's earnings power starting in 2013, while reducing its risk. Mitchell increased his price target on the stock to $22 from $20 and reiterated a Buy rating on the shares. In early trading, Rovi rallied 82c, or 5.17%, to $16.67.
News For ROVI From The Last 14 Days
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March 27, 2015
06:32 EDTROVIRovi to host conference call
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March 26, 2015
10:44 EDTROVIRovi expects decision in Netflix case within next few months, remains confident
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08:05 EDTROVIEngaged files request to elect three directors to Rovi board
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06:06 EDTROVIRovi says confident in Netflix suit arguments, Bloomberg reports
Rovi (ROVI) told Bloomberg last night that it is aware of speculation regarding its patent infringement suit against Netflix (NFLX) and remains confident in its arguments while awaiting the judge's decision. Shares of Rovi dropped 12% in late trading yesterday and closed at $18.42.
06:03 EDTROVIRovi traded lower on Netflix suit speculation, says Piper Jaffray
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March 19, 2015
10:23 EDTROVIHigh option volume stocks
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March 18, 2015
06:42 EDTROVIPiper sees 'material appreciation' in Rovi shares over next year
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March 17, 2015
12:24 EDTROVIRovi management to meet with Piper Jaffray
Meeting to be held in the Mid-Atlantic area on March 17 hosted by Piper Jaffray.
08:57 EDTROVIRovi management to meet with JPMorgan
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05:14 EDTROVIRovi extends product, patent license agreement with Sharp
Rovi (ROVI) announced that Rovi has renewed its interactive program guide, or IPG, product and patent portfolio license agreement with Sharp (SHCAY). The license provides Sharp with access to Rovi’s entertainment discovery capabilities worldwide and Rovi’s G-Guide HTML in Japanese markets for its popular AQUOS brand. The new G-Guide HTML features advanced discovery capabilities such as rich metadata, search functionality, and a browser-based interface to help drive a robust consumer entertainment experience across Sharp TVs and DVRs. G-Guide HTML also boasts a sleek TV listing grid designed to showcase rich images including cast photos, as well as Rovi’s “six-degrees” discovery capability, to help consumers quickly find relevant content that interests them.

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