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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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October 1, 2014
08:05 EDTCSCOCisco trades at 'meaningful' discount to market, says Deutsche Bank
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07:29 EDTCSCOCisco initiated with an Overweight at Atlantic Equities
Target $31.
06:06 EDTSPEXSpherix announces Markman hearing date for VTech, UNIDEN litigation
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September 30, 2014
18:08 EDTCSCOCisco could jump 50% with spin off, Barron's says
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September 29, 2014
16:10 EDTCSCOCisco closes acquisition of Metacloud, 30 companies added support to Intercloud
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12:31 EDTCSCOIntel hires Christopher Young as general manager of Intel Security
Intel (INTC) introduced cybersecurity executive Christopher Young as Intel’s newest senior vice president and general manager of Intel Security. Young will join Intel’s management committee and report to Intel President Renée James. Young comes to Intel from Cisco (CSCO), where he was senior vice president of the global Security and Government Group, responsible for strategy, engineering and product development for the company’s security product business.
08:02 EDTCSCOCisco announces partnership with Equinix
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07:25 EDTCSCOOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
September 28, 2014
20:10 EDTCSCOEMC buyout rumors could be good for VMware, Barron's says
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September 24, 2014
10:58 EDTCSCOCisco CEO says not potential acquirer of EMC, Reuters reports
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09:38 EDTCSCOCisco CEO says not in merger talks with EMC, Reuters reports
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09:29 EDTCSCOCisco to hold a virtual news conference
Rob Lloyd, President of Cisco's Development & Sales, addresses customer requirements for a globally distributed, highly secure cloud platform in Media & Analyst Virtual News Conference to be held on September 29 at 10:30 am. Webcast Link
September 23, 2014
07:23 EDTCSCOCisco management to meet with UBS
Meeting to be held in New York on September 23 hosted by UBS.
07:19 EDTCSCOEMC's end game is a marriage with Cisco, says Macquarie
Macquarie views EMC's (EMC) merger talks with Hewlett-Packard (HPQ) as a "ploy" to bring Cisco (CSCO) to the bargaining table. The analyst is not surprised by reports that EMC's discussions with Hewlett-Packard stalled given the lack of synergies and views Cisco as a logical buyer due to strong synergies and defensive reasons. Macquarie said VMware (VMW) would make Cisco the leader in the growing Software Defined DataCenter market, allowing it to offer EMC a better deal than any other potential acquirer. Finally, the firm does not view the status-quo as a compelling option for EMC given the recent share strength, aggressive street estimates, and the upcoming retirement of Joe Tucci in February. Macquarie rates EMC a Neutral with a $32 price target, up from $28.
September 22, 2014
12:50 EDTCSCOEMC jumps after reports detail takeover talks
The shares of cloud application provider EMC (EMC) are rising in a down market after Wall Street Journal reported that the company had held talks about selling itself to HP (HPQ) and Dell. WHAT'S NEW: EMC held on-and-off merger talks with HP for almost a year, but those talks have ended, Wall Street Journal reported today. Dell also held talks with EMC about a takeover, the newspaper added. According to a CNBC’s David Faber, the takeover talks between HP and EMC went on for months, but the two sides couldn't agree on a price, as EMC wanted HP to pay a large premium to its stock price. Tiernan Ray of Barron's added today that the takeover talks between the companies could resume, citing a source. WHAT'S NOTABLE: The New York Post reported on September 11 that EMC was considering selling its 80% stake in cloud computing infrastructure provider VMware (VMW). UBS analyst Steven Milunovich responded to The Post's report by writing on the same day that EMC had become a potential takeover target itself. HP, Oracle (ORCL) and Cisco (CSCO) could buy EMC, the analyst wrote. PRICE ACTION: In early afternoon trading, EMC added 1% to $30, while VMware added 1% to $95.
12:26 EDTCSCOEMC, HP merger talks could resume, Barron's reports
The merger talks between EMC (EMC) and HP (HPQ) could resume, Tiernan Ray of Barron's reports, citing a source. The companies had discussed HP selling its printer division, but only as "a down the road thing," once a deal was completed, Tiernan added, citing the source. Cisco (CSCO) and Oracle (ORCL) are still considered possible buyers for EMC, the reporter noted. Reference Link
11:18 EDTCSCOCisco management to meet with Oppenheimer
Meeting to be held in Boston on September 25 hosted by Oppenheimer.
06:11 EDTCSCOEMC explores merger, holds talks with HP, Dell, WSJ reports
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06:05 EDTSPEXSpherix issued new U.S. patent
Spherix announced that the United States Patent & Trademark Office issued a new patent to the company in the month of September that is part of a standard essential family of patents. The listed inventors of the new patent, entitled "VLAN frame format," are Paul J. Frantz and Geoffrey O. Thompson. The patent relates to the field of data communications. More specifically, the patent relates to a method and frame format for preserving in a data frame the virtual local area network, or VLAN, associated with the data frame as determined by a network device from which the data frame was received when transmitting the data frame over a communications medium shared among multiple VLANs.
September 17, 2014
08:05 EDTCSCOCisco announces intent to acquire Metacloud
Cisco announced its intent to acquire privately held Metacloud. Upon completion of the acquisition, Metacloud employees will join Cisco's Cloud Infrastructure and Managed Services organization led by Faiyaz Shahpurwala, senior vice president. The acquisition of Metacloud is expected to be complete in 1Q15, subject to customary closing conditions.
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