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News Breaks
October 12, 2012
07:47 EDTSYMC, FIRE, VRSN, IPAS, ADBE, INTCDefense secretary sounds strong warning on cyber security, FT says
U.S. defense secretary Leon Panetta warned the nation could face a “cyber Pearl Harbor,” citing China and Russia as having advanced cyber capabilities and Iran making progress toward the same, according to Financial Times. Reference Link
News For SYMC;FIRE;VRSN;IPAS;ADBE;INTC From The Last 14 Days
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September 16, 2014
13:45 EDTADBEAdobe technical comments ahead of results
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13:31 EDTADBEAdobe September 70 straddle priced for 5.2% move into Q3
11:21 EDTADBEAdobe slips ahead of report following RBC downgrade
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09:59 EDTADBEOn The Fly: Analyst Downgrade Summary
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September 15, 2014
18:25 EDTSYMCFinjan Holdings provides update on Federal Circuit Ruling in patent case
Finjan Holdings (FNJN) provides an update on the case Finjan, Inc. v. Symantec Corp. (SYMC), Websense (WBSN), Inc., Sophos. This patent infringement suit dates back to a legacy litigation filed on July 12, 2010, in the U.S. District Court for the District of Delaware against Symantec Corp., Websense, Inc., Sophos Inc., et al. During this time, two of the five defendants settled; for the three remaining defendants, Websense, Inc., Sophos Inc., and Symantec Corp., the verdict resulted in a finding of invalidity of certain asserted claims of Finjan's patents, U.S. Patent Nos. 6,092,194 and 6,480,962, and non-infringement of same, against the three parties. Finjan's Appeal Brief was filed on December 10, 2013, and the Oral Argument was heard on September 9, 2014. The Court of Appeals for the Federal Circuit issued a decision, affirming the District Court's prior ruling with no opinion, citing Federal Circuit Rule 36. Rule 36 findings by the Court do not provide any additional insight or context into the Court's decision in the case. This CAFC ruling was the most recent outcome in the process to reverse the lower Court's finding of invalidity on claims in the two patents. The two patents in question are not at issue in any of six currently pending cases in the Northern District of California, including three separate actions involving the three remaining parties in the appeal, noted previously. "While we are disappointed with the Panel's finding, we continue to believe in the Court's ability to adjudicate complicated issues in patent cases," commented Julie Mar-Spinola, VP Legal Operations of Finjan. "The two patents in question represent a small number – two of twenty –currently involved in our licensing and enforcement program related to Finjan's pioneering cybersecurity related technologies." Finjan has also filed patent infringement lawsuits against FireEye, Inc., Blue Coat, Inc., Websense, Inc., Sophos Inc. and Symantec Corp. relating to, collectively, more than 20 patents in the Finjan portfolio. The company will continue to provide timely updates of important events relating to these matters on an on-going basis.
16:38 EDTADBEAdobe assumed with a Sector Perform from Outperform at RBC Capital
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16:15 EDTADBEAdobe downgraded to Sector Perform from Outperform at RBC Capital
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09:59 EDTSYMCOn The Fly: Analyst Downgrade Summary
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08:00 EDTADBEAdobe September volatility elevated into Q3 and outlook
Adobe September call option implied volatility is at 57, October is at 29, January is at 25; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q3 results before the market open on September 16.
07:19 EDTINTCSNIA to hold a conference
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06:06 EDTSYMCSymantec downgraded to Sector Perform from Outperform at RBC Capital
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September 12, 2014
09:01 EDTADBEWipro announces Premier Partnership with Adobe
Wipro Ltd. (WIT) announced that it has entered into a Premier Partnership with Adobe (ADBE). Wipro is the first Indian Global IT services company to attain this level of partnership. Wipro will partner with Adobe in creating integrated marketing, commerce, analytics and customer experience solutions. These solutions will help businesses to better understand and win customers, increase share of wallet and differentiate through targeted, relevant and consistent conversations across multiple devices and channels.
September 11, 2014
14:16 EDTSYMCSymantec downgraded to Hold from Buy at Standpoint Research
13:51 EDTINTCIntel tablet AP shipments could reach 7M units in 2H14, Digitimes reports
In the first half of 2014, Intel shipped approximately 1.5M tablet application processors, but Digitimes Research expects the company's shipments to total 7M units in the second half due to China brand vendors' and white-box players' full support, Digitimes reports. Reference Link
07:56 EDTADBEAdobe September volatility elevated into Q3 and outlook
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07:35 EDTADBE, INTCAntitrust suit over tech giants' hiring pushed back, WSJ reports
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September 10, 2014
16:00 EDTINTCIntel acquires Powerwave patent portfolio
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07:37 EDTINTCIntel products look strong, says Wells Fargo
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07:24 EDTSYMCSymantec coverage assumed with a Neutral at MKM Partners
Target $24.
05:28 EDTADBEAdobe, Publicis announce strategic partnership
Publicis Groupe (PUBGY), and Adobe (ADBE) announced a strategic partnership to deliver the Publicis Groupe Always-On Platform, the first end-to-end marketing management platform from Publicis Groupe that automates and connects all components of a client's marketing efforts. This unique platform will standardize on Adobe Marketing Cloud, and for the first time in the industry all agencies across Publicis Groupe will be able to create engaging content, access marketing intelligence, identify and build audience segments, deliver campaigns, and track and measure marketing performance through a unified technology and data structure. Both Adobe and Publicis Groupe will invest in joint sales and marketing, including retaining a dedicated team of strategists and business development specialists to innovate and bring the platform to market.
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