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Stock Market & Financial Investment News

News Breaks
March 27, 2014
06:16 EDTSPEX, CSCOSpherix commences federal litigation against Cisco for patent infringement
Spherix (SPEX) announced that it has commenced patent litigation in the U.S. District Court for the District of Delaware against Cisco (CSCO) alleging that the San Jose, CA based company infringes 11 patents owned by Spherix. These patents, developed by inventors at Nortel Networks and acquired by Spherix in December 2013, relate to Cisco's products including routers and switches. Spherix contends that the scope of Cisco's infringement of the asserted patents has been and continues to be immense. Cisco is believed to have revenues of over $6B from switching and over $3B from routers in the U.S. for its fiscal year ended July 27, 2013 and total revenues of over $30B from switching and $13B from routers in the U.S. for the five fiscal years ended July 27, 2013. The company believes that the vast majority of Cisco's switching and routing revenue from March 2008 through the present has been generated by products and services implementing technology that the company believes infringes on the 11 patents.
News For SPEX;CSCO From The Last 14 Days
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August 29, 2014
16:50 EDTSPEXSpherix files $30M mixed securities shelf
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06:15 EDTCSCOCisco implied volatility of 13 at lower end of index mean range
August 27, 2014
12:13 EDTCSCOAruba Networks climbs after earnings beat prompts upgrades
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08:48 EDTCSCOAruba Networks upgraded to Overweight at Stephens
As previously reported, Stephens upgraded Aruba Networks (ARUN) to Overweight from Equal Weight and raised its price target on the stock to $25 from $22, citing the company's strong Q4 results and the firm's belief that Cisco (CSCO) has become increasingly less competitive over the last several quarters.
August 25, 2014
06:21 EDTSPEXSpherix announces first trial of Nortel patents scheduled against Verizon for Q1
Spherix (SPEX) announced that on August 19, the Honorable Gerald Bruce Lee, United States District Judge for the Eastern District of Virginia, in Case No. 1:14-cv-00721 -GBL-TCB, issued a scheduling order in the company's patent litigation against Verizon Services; Verizon South; Verizon Virginia; Verizon Communications; Verizon Federal; Verizon Business Network Services; MCI Communications Services, collectively Verizon (VZ). The judge ordered both parties to appear for a pretrial conference on September 10, and ordered discovery to be complete by December 12. The order also states the trial of this case will be within four to eight weeks after the December 18 final pretrial conference.
August 20, 2014
06:26 EDTCSCOCisco COO says annual layoffs 'wrong way to do it,' Business Insider reports
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August 19, 2014
11:05 EDTCSCOImperva seen as takeover candidate under new CEO
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08:42 EDTCSCOImperva new CEO has history of selling companies, says Sterne Agee
After Imperva (IMPV) appointed Anthony Bettencourt as its new CEO, Sterne Agee says that he has a history of selling companies. The firm believes that Imperva "would likely be an acquisition candidate" for a number of large tech companies such as Cisco (CSC), Juniper (JNPR), HP (HPQ), IBM (IBM), Check Point (CHKP), or F5 (FFIV). Sterne Agee believes that Imperva could be acquired for as much as $45 per share, and it keeps a Buy rating on the stock.

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