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Stock Market & Financial Investment News

News Breaks
March 27, 2014
06:16 EDTCSCO, SPEXSpherix 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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July 2, 2015
13:36 EDTCSCOOn The Fly: Technical notes on earnings season calendar effects
The doldrums have persisted without a great deal of index volatility heading into Q2 earnings season. Until we are into the bulk of the season, we aren't likely to have sufficient catalysts to move far, barring an exogenous event. What traders need to be aware of is how compressed this earnings season really is. The increased flow of earnings news within a shorter span could lead to some bigger moves. How short? The old school way of determining the bounds of earnings season starts with Alcoa (AA) and ends with Cisco (CSCO). This time around, Alcoa is on July 8 and Cisco is on August 12, putting the season at just over a month in calendar time. Contrast this with Q4 earnings season, which can take nearly seven weeks in some cases. Another factor to be aware of: in the first week of earnings this season, there are just a relative handful of S&P 500 names reporting. By the time Cisco reports, the bulk will be done. We really are looking at more like a three week window. If the direction of earnings surprises are consistent, the market might see its first real push up or down that breaks the tight range with solid momentum. If not, market watchers are likely to see a spate of volatility in a market that has become used to flatter conditions, where volatility has been better for a sale. Choppy earnings could make that strategy more problematic. Planning out ahead is critically important too, as the day of the week can matter. Wednesdays and Thursdays tend to be the peak days for reports, making them more subject to market gyrations. Friday afternoons tend to be a day in which companies with genuinely bad news try to sneak it out. Use the forthcoming holiday wisely; we may be in for a bumpier ride ahead.
09:54 EDTSPEXSpherix discloses resignation of CFO Richard Cohen effective immediately
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08:08 EDTSPEXSpherix issues litigation update in patent case against Verizon
Spherix announced a litigation update. In the matter of Spherix Incorporated v. Verizon Services Corp. et al., in the U.S. District Court for the Eastern District of Virginia, the Court issued a Markman Order interpreting certain key claims in favor of the Defendants on the one patent at issue in the case. In light of the Court's Markman decision on the one patent, the Court also granted the Defendants' Motion for Summary Judgment. The other 20 patents being asserted by Spherix in other cases were not affected by the ruling. The patent infringement claims being brought in the second suit filed against Verizon were not affected and that case against Verizon continues.
July 1, 2015
10:07 EDTCSCOGoogle, Apple seen benefiting from Internet of Things emergence
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June 30, 2015
10:42 EDTCSCOCisco strengthens security story with OpenDNS buy, says Wells Fargo
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08:04 EDTCSCOCisco to acquire OpenDNS for $635M
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07:13 EDTCSCONasdaq to hold a conference
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06:11 EDTCSCOCisco, Schneider Electric partner to build resilient control system networks
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June 29, 2015
09:35 EDTCSCOActive equity options trading on open
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June 25, 2015
07:23 EDTCSCOHouse Energy & Commerce Committee to hold a hearing
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June 24, 2015
08:31 EDTCSCOInvestors should weigh waiting for better Arista entry point, says Pacific Crest
Pacific Crest says that Arista's (ANET) new Cloudvision software should have only a minor impact on its 2H15 results. The firm recommends that investors consider waiting for a lower entry point before buying the stock. The firm thinks that such an entry point could materialize during the company's trial versus Cisco (CSCO) this summer. It keeps an $88 price target and Overweight rating on Arista..
June 23, 2015
08:04 EDTCSCONRG Renew to develop 20MW solar energy facility for Cisco
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07:41 EDTCSCORed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
07:33 EDTCSCOBlackBerry, Cisco sign broad patent cross-licensing agreement
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June 22, 2015
08:08 EDTCSCORed Hat names Frank Calderoni as EVP, operations, CFO
Red Hat (RHT) announced that Frank Calderoni will join the company as EVP, operations and CFO. Calderoni will be responsible for leading the company’s global finance organization and the leadership and management of IT and operations teams, reporting to Red Hat president and CEO, Jim Whitehurst. Calderoni served as EVP and CFO at Cisco Systems (CSCO) for seven years and most recently served as an executive advisor. Calderoni succeeds Red Hat executive vice president and CFO Charlie Peters, whose planned retirement was announced in December 2014, and who will remain with Red Hat until July 31. Calderoni joins Red Hat on June 22, 2015, and will succeed Peters as CFO effective July 13, 2015.
06:06 EDTSPEXSpherix notified by USPTO of issuance of new patent
Spherix announced that the United States Patent & Trademark Office, or USPTO, has notified the company that it will issue a new patent to Spherix that is part of a standard essential family of patents. The new patent will issue on June 30 as U.S. Patent RE45,598 from U.S. Patent Application Serial No.13/728,698.

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