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Stock Market & Financial Investment News

News For SCSC;FLEX;TECD;MU;EMC;AMD;PLXS;CTXS;SNX;DELL;IM From The Last 14 Days
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July 28, 2015
08:38 EDTMUIntel and Micron to hold a joint press and analyst webcast
Micron and Intel Share Updates on Latest Storage and Memory Technologies in a webcast being held on July 28 at 12 pm. Reference Link
07:50 EDTEMCEMC outlook has improved, says Oppenheimer
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July 27, 2015
10:35 EDTMUIntel, Micron gain after announcing joint press event
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10:01 EDTIMNimboxx signs distribution agreement with Ingram Micro
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09:36 EDTMUActive equity options trading on open
Active equity options trading on open: AAPL NFLX INTC MU VZ BIDU AMBA
July 26, 2015
14:44 EDTEMCAmazon cloud sales signal risk for traditional data storage, Barron's says
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July 24, 2015
09:06 EDTFLEXFlextronics officially changes name to 'Flex'
Flextronics announced that it has officially changed its name to Flex. "We have progressed in our product and service offering over the years, adding many new solutions, and today we are much more than just an EMS, supply chain solutions or 'tronics' company. Our new website and corporate identity better reflect who we are. We are proud to be our customers' sketch-to-scale competitive advantage, further enabling a simpler, richer life through technology," said Michael Mendenhall, Flex chief marketing and communications officer.
July 23, 2015
16:22 EDTFLEXFlextronics sees Q2 adjusted EPS 22c-28c, consensus 25c
Sees Q2 revenue $5.9B-$6.5B, consensus $6.23B.
16:21 EDTFLEXFlextronics reports Q1 adjusted EPS 23c, consensus 23c
Reports Q1 revenue $5.57B, consensus $5.89B.
10:00 EDTEMCOn The Fly: Analyst Upgrade Summary
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09:38 EDTAMDActive equity options trading on open
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09:09 EDTEMCEMC moves positive, says BMO Capital
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07:58 EDTEMCBrean Capital maintains Buy on EMC due to activist, merger potential
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07:28 EDTEMCEMC upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Maynard Um upgraded EMC (EMC) to Outperform citing a more favorable risk/reward following the company's reduced guidance. Um sees the potential for a number of strategic corporate actions, some of which he believes could take place before year-end. Most favorable would be a buy-in of EMC's VMware (VMW) stake, Maynard tells investors in a research note. The analyst has a $29-$31 price target range for EMC shares, which closed yesterday up 45c to $25.38.
06:42 EDTMUMobile DRAM prices to fall on excess smartphone inventory, DigiTimes reports
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06:42 EDTMUTsinghua still in talks with Micron over possible takeover, Reuters reports
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06:29 EDTMUMicron and Tsinghua fail to reach consensus in tie-up talks, DigiTimes reports
Micron and Tsinghua Unigroup failed to reach a consensus although it is negotiating a possible tie-up in DRAM business, reports DigiTimes. According to industry sources, Micron wanted to have absolute control over the production capacity the company would share with Tsinghua while the China chipmaker had no interest in just being a manufacturing partner of the US vendor. The sources add that Tsinghua could be the one spreading the rumors that it is looking to make an offer for Micron. Reference Link
July 22, 2015
19:02 EDTMUOn The Fly: After Hours Movers
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17:33 EDTMUMicron advances by 2.33% after SanDisk Q2 results
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16:05 EDTPLXSPlexus sees Q4 EPS 64c-72c, consensus 76c
Sees Q4 revenue $650M-$680M, consensus $689.9M. CEO Dean Foate said, "Our fiscal third quarter results were consistent with our announcement of preliminary results on July 13th. While revenue of $670M set a new quarterly record for the company, our results were disappointing given the stronger expectations we had when we issued our initial guidance in April. Looking forward to next quarter, we expect continuing end-market weakness in our Networking/Communications sector to largely offset anticipated sequential growth in our other three market sectors. As a consequence, we are guiding fiscal fourth quarter 2015 revenue of $650M-$680M. Achieving the midpoint of our guidance would result in full year revenue growth just shy of our 12% enduring goal."
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