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Stock Market & Financial Investment News

News Breaks
February 2, 2014
17:19 EDTSNE, LNVGYSony considers PC alliance with Lenovo, NHK says
Sony (SNE) is weighing the idea of forming a business alliance with the Lenovo (LNVGY) to rebuild Vaio, its personal computer business, says NHK. Reference Link
News For SNE;LNVGY From The Last 14 Days
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September 29, 2014
10:39 EDTSNEGoPro climbs higher after revealing new HERO4 camera line-up
Shares of mountable and wearable camera developer GoPro (GPRO) are climbing after the company announced its new HERO4 camera line-up. WHAT'S NEW: GoPro announced the camera offerings in its Hero4 lineup, including the $499 GoPro HERO4 Black, which shoots 4K video at up to 30 frames per second, 1080p HD video at 120 frames per second and 12-megapixel photos, as well as the HERO4 Silver, which offers may of the same features as the Hero4Black less some of the higher performance video capture modes including 4K30, 2.7K50 and 1080p120. The Hero4 Silver, which costs $399, includes GoPro's first built-in touch display. Finally, GoPro announced the HERO "entry-level" camera, which costs $129 and shoots 1080p HD video at 30 frames per second and 720p HD video at 60 frames per second. The company announced that the new HERO4 line will be available October 5 online and at select retailers worldwide. GoPro is also debuting new mounts and accessories on October 5, which include the Smart Remote, the Handler and the new BacPac Accessories, which correlate with the HERO4 line-up. ANALYST REACTION: Citigroup analyst Jeremy David said that while the company's rivals, such as Sony (SNE), are launching new products as well, GoPro isn't likely to be impacted much by competitive pressure. David foresees an upside risk to revenue and earnings per share in the third quarter. He believes that a broader array of price points for HERO devices might spark unit and/or ASP upside in Q4 and fiscal year 2015. David maintains a Neutral rating on GoPro with a $70 price target. PRICE ACTION: During mid-morning trading, GoPro rose $3.46 or 4.1%, to $85.47. Since it's IPO on June 26, GoPro's shares have increased 172.09%.
07:25 EDTSNE'Equalizer' tops domestic box office with $35M debut, WSJ reports
"The Equalizer," distributed by Sony (SNE), topped the domestic box office with a $35M weekend opening, beating out last week's winner, 21st Century Fox's (FOXA) "The Maze Runner," reported the Wall Street Journal. Reference Link
06:06 EDTLNVGYLenovo to close acquisition of IBM's x86 server business on October 1
Lenovo (LNVGY) and IBM ((IBM) announced that conditions for Lenovo’s acquisition of IBM’s x86 server business have been satisfied and the parties anticipate they will begin closing the transaction effective on October 1. Lenovo is acquiring System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations. IBM will retain its System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, PureApplication and PureData appliances. As described in the January announcement of Lenovo’s acquisition of IBM’s x86 server business, Lenovo and IBM have also established a strategic alliance where Lenovo will serve as an Original Equipment Manufacturer to IBM and resell selected products from IBM’s storage and software portfolio, including IBM’s entry and midrange Storwize storage product family, Linear Tape Open products, IBM Flash storage arrays and elements of IBM’s system software portfolio, including Smart Cloud, General Parallel File System and Platform Computing solutions. The purchase price is approximately $2.1B. Approximately $1.8B will be paid in cash at closing after estimated adjustments and approximately $280M will be paid in Lenovo stock, based on the closing price of Lenovo’s stock on September 26. The transition will begin Wednesday in countries that are part of the initial closing, which includes most major markets. The transaction is expected to close in most other countries later this year, with the few remaining countries following in early 2015.
September 25, 2014
18:16 EDTSNESony's new Walkmans point towards survival versus growth, Nikkei says
The introduction of Sony's new Walkman portable music players indicate that the company is focusing on survival, rather than seeking growth, for its troubled electronics business, Nikkei reports. Reference Link
06:07 EDTSNE, LNVGYGlobal tablet sales momentum to slow down in 2015, DigiTimes reports
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September 23, 2014
13:55 EDTSNESamsung to stop selling laptops in Europe, PC Advisor says
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06:08 EDTSNESony Mobile cuts smartphone business personnel by 15%, DigiTimes reports
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September 22, 2014
13:49 EDTSNESony confirms October 14 launch for PlayStation TV in U.S.
Sony confirmed in a blog post that PlayStation TV will launch in the U.S. and Canada on October 14 and that "nearly 700 games" will be available at launch. PS TV will be priced starting at $99.99 for the standalone system, or $139.99 for a bundle that includes a Wireless Controller, 8GB memory card, and The LEGO Movie Videogame. Reference Link
06:44 EDTSNE'The Maze Runner' leads weekend box office sales with $32.5M, WSJ reports
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September 19, 2014
10:12 EDTSNESony expected to launch SmartEyeglass by end of March, The Verge reports
Sony (SNE) is expected to launch SmartEyeglass, a competitor to Google Glass (GOOG), by the end of March, according to The Verge. Reference Link
September 18, 2014
11:39 EDTSNESony's no-dividend policy could be sign of hope, not doom, Nikkei reports
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10:17 EDTSNESony Computer Entertainment division upbeat on 2014 profit, Reuters reports
The head of Sony's PlayStation division aims to raise its profit outlook for 2014 due to the strong sales of the latest PalyStation 4 and the rollout of games and content for its network services, reports Reuters. In an interview with Reuters, Sony Computer Entertainment CEO Andrew House said We raised our profit prediction and I hope that's a trend we can continue, even within this fiscal year." Sony has sold 10.3 million PlayStation 4 consoles as of Sept. 6. Reference Link
07:27 EDTSNESony CEO says 'running out of options' for electronics unit, WSJ reports
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07:26 EDTSNEGartner: Smartwatch market ready to expand, poised for takeoff, DigiTimes says
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06:45 EDTSNEMobile DRAM bit growth to reach 37.5% in 2H14, DigiTimes Research reports
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September 17, 2014
09:10 EDTSNEOn The Fly: Pre-market Movers
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07:08 EDTSNESony volatility expected to move after raises its net loss forecast
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06:18 EDTSNEAU Optronics enters Sony SmartWatch 3's supply chain, DigiTimes reports
AU Optronics (AUO) has entered Sony Mobile's (SNE) supply chain for the SmartWatch 3, reports DigiTimes. AUO will supply 30% of the 1.6-inch panels for the new smartwatch. Reference Link
05:34 EDTSNESony lowers FY14 net loss estimate to 230B from 50B yen
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September 16, 2014
06:28 EDTLNVGYLenovo, Huawei look to pose threat in high-end smartphone segment, DigiTimes says
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