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Stock Market & Financial Investment News

News For SHCAY;TOSBF;SSNLF;SNE;PC From The Last 14 Days
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October 31, 2014
09:11 EDTSSNLFSprint expanding leasing program to include Samsung Galaxy S5, Galaxy S5 Sport
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06:13 EDTSNESony sees 'significant reduction' in Chinese mobile market, FT reports
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06:00 EDTSNESony backs Oct. sales guidance of Y7.8B
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05:57 EDTSNESony reports Q2 EPS (Y124.32) vs. (Y19.25) last year
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October 30, 2014
05:23 EDTSSNLFSamsung sees demand for smartphone, tablet to increase during Q4
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05:14 EDTSSNLFSamsung reports Q3 net profit KRW 4.22T vs. KRW 8.24T last year
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October 29, 2014
12:43 EDTSNEAlibaba, Sony discussing co-financing movie deals, Variety Reports
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12:21 EDTSNEElectronic Arts surges after 'beat and raise' quarterly report
Shares of video game maker Electronic Arts (EA) are surging after the company's second quarter earnings per share and revenue topped analysts' estimates. The company also raised its fiscal year 2015 guidance. WHAT'S NEW: Electronic Arts' Q2 adjusted EPS was 73c, which beat analysts' consensus of 53c. The company's revenue for the quarter was $1.22B, which beat estimates of $1.16B. The video game maker anticipates third quarter EPS to be 90c, which is higher than analysts' 86c consensus. The company expects Q3 revenue of approximately $1.275B, which is slightly lower than analysts' expectations of $1.3B. Electronic Arts raised its FY15 EPS outlook to $2.05 from $1.85, which is higher than analysts' consensus of $1.92 prior to the new outlook. The company raised its FY15 revenue view to $4.175B from $4.1B, which was slightly ahead of the consensus estimate prior to the report. WHAT'S NOTABLE: EA stated that, in the calendar year to date, the company continues to be the number one publisher on Sony's (SNE) PlayStation4 and Xbox One consoles in the Western World, led by FIFA 15, NHL 15, Madden NFL 15, Titanfall, Battlefield 4, and FIFA 14. Electronic Arts noted that "Battlefield: Hardline" will debut on March 17, 2015 in North America and March 19, 2015 in Europe. On July 29, Electronic Arts announced in a post to its corporate blog that the company partnered with Microsoft (MSFT) to deliver EA Access, a new monthly, or annual, membership for gamers exclusively on Xbox One that starts at $4.99 a month. ANALYST REACTION: RW Baird analyst Colin Sebastian feels that digital growth was a notable aspect of Electronic Arts' Q2 earnings results. He said the quarter was driven by the combination of a rise in digital content sales and improved cost controls. Sebastian anticipates the video game maker will continue to improve its operating performance and benefit from solid growth in the future. Sebastian increased his price target on the stock to $45 from $43 and maintained an Outperform rating on the stock. Brean Capital analyst Todd Mitchell believes that Electronic Arts' Q2 earnings results will probably be out-shone by the push-back of its Battlefield 5 game to 2017. Mitchell expects Electronic Arts to sell approximately 4M units of "Battlefield: Hardline" by the end of FY15. He kept a Buy rating on Electronic Arts and raised his price target on the stock to $43 from $40. OTHERS TO WATCH: Electronic Arts peer Activision Blizzard (ATVI) is scheduled to give its Q3 earnings report on November 4. Another competitor, Take-Two (TTWO), is set to release its Q2 earnings numbers later on this afternoon. PRICE ACTION: Near noon, Electronic Arts climbed 3.6% to $38.83. Earlier in the session the stock hit a new 52-week high of $40.34.
October 28, 2014
13:27 EDTSNESony cuts FY smartphone forecast to 40M units, Nikkei reports
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06:36 EDTSSNLFSamsung to roll out cheaper line of smartphones in China, WSJ reports
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06:27 EDTSSNLFReport: Samsung to exit LED lighting in overseas markets, DigiTimes says
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06:25 EDTSSNLFLenovo, Dell, Asustek eye Chromebook market, DigiTimes reports
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October 27, 2014
06:59 EDTSNE'Ouija' makes $20M debut at weekend box office, WSJ says
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06:33 EDTSSNLFiPhone pre-orders in South Korea topping pre-orders for Galaxy Note 4, WSJ says
Pre-orders for Apple's (AAPL) iPhone 6 and iPhone 6 Plus in South Korea are reportedly far higher than orders for the new Samsung (SSNLF) Galaxy Note 4, the Wall Street Journal reports. Analysts believe total pre-sale figures for the new iPhones are around 100,000 units, more than the 30,000 units for the Galaxy Note 4. The iPhone launches in South Korea on October 31. Reference Link
October 24, 2014
10:48 EDTSNESony Pictures likely to end distribution business in South Korea, Variety says
Sony Pictures is expected to close its theatrical distribution business in South Korea, reports Variety. According to sources in the Korean film industry, Sony Pictures Korea will cease operations at the end of this year. Universal Pictures International will then take over distribution duties. Reference Link
10:34 EDTSSNLFSamsung confirms plans to exit LED lamps, Lighting says
Samsung (SSNLF) confirmed that it is exiting the global LED lamps business, according to industry site Lighting. The publication quotes the company as issuing the following statement: “We have decided to discontinue our LED lamp business in all markets, except Korea, so that we can focus more resources on our core business areas. We will remain active in the LED industry through our LED component business, and continue to provide high-quality products and services to our customers.” Philips’ (PHG) recent decision to split off its lighting division has been blamed, at least in part, on the commoditized nature of the consumer LED lamp market, Lighting added. Shares of Cree (CREE), whose products consist of both LED and traditional lighting systems, are up 1% in early trading following the news of Samsung's plans. Reference Link
05:56 EDTSNESony to launch 12-inch tablet in 1Q15, DigiTimes reports
Sony Mobile will launch a 12-inch tablet in 1Q15, reports DigiTimes. According to Taiwan-based supply chain makers, several other vendors are also developing large-size vendors for launch in Q1 and Q2. The sources pointed out that Sony's 12-inch tablet will feature high-end specifications and come with a stylus. Reference Link
October 23, 2014
10:01 EDTSSNLFGeneral Dynamics receives DMCC contract from NSA
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07:53 EDTSNEAlibaba CEO ups Hollywood content pursuit with studio meetings, Bloomberg says
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06:58 EDTSNESony Mobile to amend strategy for releasing flagship models, DigiTimes says
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06:05 EDTSHCAY, SNEApple defeats GPNE civil patent suit, Re/code reports
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October 22, 2014
08:59 EDTSNESony may lower smartphone target for second time this year, Bloomberg says
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08:32 EDTSSNLFSamsung, Barnes & Noble introduce new large screen Galaxy Tab 4 NOOK
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06:25 EDTSSNLFSamsung, TSMC Solid State Lighting to quit LED lighting business, DigiTimes says
Samsung (SSNLF) will plan to withdraw from the global LED lighting market while TSMC (TSM) Solid State Lighting will cease operations, reports DigiTimes, citing industry sources. Samsung will withdraw due to low price pressure from China-based makers. TSMC Solid State Lighting will reportedly quit operations and sell production equipment to LED maker Advanced Optoelectronic Technology. Reference Link
October 21, 2014
14:09 EDTSNEThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
12:36 EDTSSNLFNXP Semiconductors loses Samsung Galaxy phone NFC business, NFC Times says
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October 20, 2014
07:49 EDTSNESony November volatility elevated into Q2 and investor meeting
Sony November weekly call option implied volatility is at 34, January is at 28, April is at 29; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on October 31 and a company sponsored investor meeting on November 24.
05:50 EDTSSNLFSamsung partners with Teletrac to expand fleet management offerings for Android
Teletrac announced it is partnering with Samsung Electronics America to expand its fleet management offerings to the Android platform on Samsung's Galaxy Tab devices.
October 19, 2014
18:38 EDTSNESony's ‘Fury’ wins at the box office,'Gone Girl' keeps second place, WSJ says
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