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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:18 EDTSSNLFMan claims Samsung phone explodes in pocket, Chosun Media reports
A Samsung (SSNLF) Galaxy Note smartphone reportedly exploded in a man's pocket, giving him second-degree burns, Chosun Media reports. Reference Link
News For SSNLF From The Last 14 Days
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June 17, 2013
15:29 EDTSSNLFGoogle's Chromebook to be available in Wal-Mart, Staples
In addition to Best Buy (BBY) and Amazon.com (AMZN), Google (GOOG) announced that, starting today, Walmart (WMT) will be making the newest Acer Chromebook available in approximately 2,800 stores across the U.S. for $199. Beginning this weekend, Staples (SPLS) will bring a mix of Chromebooks from Acer, HP (HPQ) and Samsung (SSNLF) to each of its stores in the U.S., or more than 1,500 in total. Reference Link
11:31 EDTSSNLFHuawei to unveil new phone to compete with Galaxy, iPhone, WSJ says
Huawei Technologies will launch it's flagship smartphone, the Ascent P6, in the company's first stand-alone global product launch, creating even more competition in the crowded premium smartphone space dominated by Samsung (SSNLF) and Apple (AAPL), reported The Wall Street Journal. Reference Link
11:18 EDTSSNLFSamsung phone to transmit data at much faster speed, Reuters reports
Samsung intends to sell a version of its Galaxy S 4 smartphone that will transmit data at almost twice the speed of devices that use conventional LTE, the company's co-CEO said, according to Reuters. The company is in talks with a number of carriers about selling the new phone, the executive told Reuters. Reference Link
11:15 EDTSSNLFSamsung Jay-Z give-away could help in fight with Apple, WSJ says
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June 14, 2013
12:27 EDTSSNLFSamsung management to meet with Jefferies
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June 13, 2013
06:22 EDTSSNLFSamsung may reduce parts and components orders for Galaxy S4, DigiTimes says
Samsung may reduce its parts and components orders for Galaxy S4 for Q2 and Q3, reports DigiTimes. According to industry sources, the decrease is due to a slowdown in demand in the end market. Reference Link
June 12, 2013
08:29 EDTSSNLFSamsung cutting back shipments of S4, says Maxim
Maxim says its channel checks indicate Samsung (SSNLF) has started cutting back shipments of the Galaxy S4 due to weak sell through and rising inventories. The firm estimates Samsung will need to cut back production between 20%-25% and notes that of the stocks it covers, Synaptics (SYNA) has the largest exposure to the Galaxy S4.
June 11, 2013
15:06 EDTSSNLFTime Warner Cable to bring content directly to Samsung Smart TVs
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09:13 EDTSSNLFSome component makers to be hurt by lower Galaxy S 4 outlook, says Pacific Crest
After speaking with Samsung (SSNLF) and conducting checks, Pacific Crest believes that expectations for Galaxy S 4 sales in Q3 are too high. As a result, the firm reduced its price target on Broadcom (BRCM) to $41 from $44, and on Maxim Integrated (MXIM) to $34 from $37. The firm also lowered its estimates for Audience (ADNC), Peregrine (PSMI), RF Micro Devices (RFMD), and Skyworks (SWKS). The firm keeps Outperform ratings on Broadcom, Maxim, and Peregrine, and Sector Perform ratings on Skyworks, Audience, and RF Micro.
June 10, 2013
07:31 EDTSSNLFMaxim Integrated downgraded to Neutral from Overweight at JPMorgan
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June 7, 2013
07:09 EDTSSNLFSamsung shares fall sharply on poor Galaxy S4 sales, WSJ reports
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06:10 EDTSSNLFOn the Fly: Periodicals Wrap-Up
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June 5, 2013
12:32 EDTSSNLFOn The Fly: Midday Wrap
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05:59 EDTSSNLFApple legal loss could impact quarter by 1%, says Piper Jaffray
Piper Jaffray estimates Apple's (AAPL) legal loss to Samsung (SSNLF) that could stop the sale of iPhone 4 on AT&T (T) could negatively impact Apple's revenue by as much as 1% for the June and September quarters. However, Piper does not believe the ruling will lead to future product injunctions and maintains an Overweight on shares of Apple.
June 4, 2013
17:42 EDTSSNLFITC: Apple violates Samsung patent, to face limited import ban, TechCrunch says
According to an ITC ruling, Apple (AAPL) has violated a Samsung (SSNLF) patent and will face a limited import ban on select products, TechCrunch reports. Reference Link
17:07 EDTSSNLFApple loses patent case against Samsung, Bloomberg reports
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11:49 EDTSSNLFSamsung, Jay-Z close to reaching a $20M deal, NY Post reports
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06:15 EDTSSNLFSamsung may experience in-house chipset supply shortgage in 2013, DigiTimes says
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