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Stock Market & Financial Investment News

News Breaks
May 29, 2014
07:50 EDTSTX, AVGOSeagate to acquire LSI's flash businesses from Avago for $450M in cash
Seagate Technology (STX) and Avago Technologies Limited (AVGO) announced that they have entered into a definitive asset purchase agreement under which Seagate will acquire the assets of LSIís Accelerated Solutions Division and Flash Components Division from Avago for $450M in cash. In fiscal 2015, Seagate would expect the combination of its enterprise SSD product line and these SSD Controller families to generate revenues of at least $150M and be slightly accretive to the company gross margin with operating margin headwind of $30M-$40M. As Seagate drives operational synergies and leverages its SSD technology into its product portfolio, the company would expect the operating margin contribution from its SSD business to be neutral to positive in fiscal 2016 and beyond. The transaction is expected to close in the third quarter of calendar year 2014, subject to the satisfaction of customary closing conditions and the receipt of certain regulatory approvals, including those required by the Hart-Scott-Rodino Antitrust Improvements Act.
News For STX;AVGO From The Last 14 Days
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July 18, 2014
07:40 EDTSTXSeagate shares could trade as high as $100, says Brean Capital
Brean Capital remains bullish on Seagate following its Q4 results. The firm expects solid industry demand and improved gross margins and believes the company's revenue guidance is conservative. The firm has a Buy rating and $70 price target on Seagate, but said its stock could trade as high as $100 if earnings, free cash flow, and enterprise value hit the top end of its potential range.
07:25 EDTSTXWestern Digital has positive read through from Seagate results, says RBC Capital
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July 17, 2014
18:31 EDTSTXOn The Fly: After Hours Movers
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17:56 EDTSTXWestern Digital down 1.2% after peer Seagate reports Q4 results
17:52 EDTSTXSeagate comes off after hours lows after Q1 revenue guidance
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17:49 EDTSTXSeagate sees Q1 revenue at least $3.55B, consensus $3.54B
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16:09 EDTSTXSeagate falls after results, levels to watch
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16:02 EDTSTXSeagate reports Q4 EPS $1.10, consensus $1.10
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15:26 EDTSTXNotable companies reporting after market close
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11:54 EDTSTXStocks with call strike movement; SNDK STX
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08:14 EDTSTXSeagate July weekly volatility elevated into Q2 and outlook
Seagate July weekly call option implied volatility is at 47, August is at 31, September is at 26, December is at 25; compared to its 26-week average of 33 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 21.
July 15, 2014
10:00 EDTSTXOn The Fly: Analyst Initiation Summary
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July 14, 2014
16:39 EDTSTXSeagate initiated with a Positive at Susquehanna
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10:00 EDTAVGOOn The Fly: Analyst Upgrade Summary
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08:34 EDTSTXPC market stability could be short-lived, Reuters says
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06:57 EDTSTXSeagate price target raised to $74 from $64 at Deutsche Bank
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06:14 EDTAVGOAvago resumed with a Buy from Neutral at Citigroup
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July 11, 2014
08:49 EDTSTXJune CIO survey indicates strong 2H, says Morgan Stanley
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July 10, 2014
09:13 EDTSTXHP Western Digital Seagate to benefit from PC rebound, says RBC Capital
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July 9, 2014
11:51 EDTSTXOptions with increasing implied volatility:
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