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Stock Market & Financial Investment News

News Breaks
February 18, 2014
07:43 EDTSYNA, CY, INVN, SSNLFSynaptics InvenSense Cypress Semiconductor should be bought, says Pacific Crest
Pacific Crest believes that Synaptics (SYNA), InvenSense (INVN), and Cypress Semiconductor (CY) remain best insulated from maturing smartphone demand trends, and the firm views the companies as well-positioned to benefit from Samsung's (SSNLF) upcoming smartphone launches at the Mobile World Congress. The firm recommends buying Synaptics, InvenSense, and Cypress Semiconductor ahead of the conference.
News For SYNA;INVN;CY;SSNLF From The Last 14 Days
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June 26, 2015
08:43 EDTCYISSI determines Cypress final proposal does not constitute superior to Uphill
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08:02 EDTCYCypress Semiconductor's TrueTouch controller selected by Huawei
Cypress Semiconductor announced that Huawei has selected Cypress's TrueTouch capacitive touchscreen solution for its next-generation MediaPad X2 tablet PC. The MediaPad X2 utilizes the TrueTouch TMA568 controller's industry-leading gloved finger tracking, robust water tolerance and easy-wake gestures for its sleek 7-inch touchscreen display.
06:24 EDTSSNLFElliott lobbies Korean shareholders to block Samsung C&T, Cheil deal, WSJ says
A team from U.S. hedge fund Elliott told Samsung unit Samsung C&T’s CFO at an April 9 meeting that a merger with Cheil Industries would not be in the best interests of shareholders, including Elliott, the Wall Street Journal reports, citing a person familiar with the matter. Elliott is trying to block the deal, seeking a court injunction and telling investors to block the deal at a shareholder vote next month, the report says. South Korean shareholders in Samsung C&T have begun to voice their concerns over the deal, with “dozens” of them filing court petitions arguing the deal unfairly undervalues Samsung C&T, the report says. Reference Link
June 25, 2015
10:29 EDTSSNLFBarnes & Noble says relationship with Samsung 'excellent'
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07:29 EDTSSNLFCheil, Samsung C&T deal could increase shareholder returns, Reuters reports
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05:53 EDTSSNLFSamsung expects SUHD TV sales to reach 15K in 1H15, DigiTimes reports
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05:18 EDTCYCypress Semiconductor presents 'best and final offer' to Integrated Silicon
Cypress Semiconductor (CY) announced that it sent the following letter to the board of Integrated Silicon Solution (ISSI): "On behalf of Cypress Semiconductor, I hereby submit our best and final offer for Integrated Silicon Solution and attach a revised draft Agreement and Plan of Merger between ISSI and Cypress. Cypress is increasing its offer to acquire ISSI to a price of $22.60 per share, while maintaining its previously outlined ticking fee of 10c per share per quarter beginning October 1. Our strategic and financial analysis indicates this is the maximum price justified for ISSI in order for the deal to create long-term value for our shareholders. Again, we are prepared to put the Revised Definitive Merger Agreement reflecting our Revised Offer, signed by me to demonstrate our sincerity and strong commitment to closing this transaction, into escrow through our lawyers today. We strongly believe that our Revised Offer clearly represents a superior, risk-adjusted proposal to the transaction contemplated by the current Agreement and Plan of Merger with Uphill Investment... As we have noted previously, had we been included in your sale process, your shareholders would have reaped two significant benefits: a more time-efficient price-discovery process and the capture of a potential incremental 56c per share per quarter, which was instead misspent on an unnecessary breakup fee."
June 24, 2015
08:08 EDTSYNASynaptics selected by Sharp for smartphone fingerprint sensor
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June 23, 2015
16:02 EDTSSNLFRed Hat, Samsung form strategic alliance
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08:08 EDTCYUphill increases price for ISSI acquisition to $23 per share
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06:05 EDTSSNLFIntel pushing into SSD market and hope to surpass Samsung in 2016, DigiTimes says
Intel (INTC) is looking to push into the SSD market with its newest 750 series SSDs with technology able to enhance the transmission speed, reports DigiTimes. According to sources from the upstream supply chain, the company is also offering price cuts on its existing products in order to narrow its gap with the largest vendor Samsung (SSNLF). Sources also expect Intel to draw near to Samsung in 2H15 and may even have a chance to surpass Samsung in 2016. Reference Link
06:05 EDTSSNLFSamsung pushing to release Galaxy S7 in 2H15, DigiTimes reports
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06:05 EDTSSNLFNo clear prospects for PC component suppliers until July, DigiTimes reports
There are no clear business prospects for PC component suppliers until July, reports DigiTimes. According to sources in the supply chain, Intel's decision to delay the launch of its Skylake platform has weakened market demand for notebooks and other PC systems. The planned release of Microsoft (MSFT) Windows 10 may also affect the production of PC makers. Reference Link
June 22, 2015
17:55 EDTSSNLFITC staff supports clearing Samsung, Qualcomm, in NVIDIA case, Bloomberg says
The U.S. International Trade Commission staff recommends that Samsung Electronics (SSNLF) and Qualcomm (QCOM) be absolved of patent-infringement accusations brought by Nvidia (NVDA), Bloomberg reports. Reference Link
14:42 EDTSSNLFOculus potential not reflected in Facebook's stock price, Piper Jaffray says
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09:25 EDTSYNASynaptics removed from Focus List at JPMorgan
JPMorgan removed Synaptics from its Focus List and keeps an Overweight rating on the name.
08:04 EDTCYCypress Semiconductor sends updated proposal to Integrated Silicon
Cypress Semiconductor (CY) sent an updated proposal to Integrated Silicon (ISSI). In the letter to the Executive Chairman of the Board of Integrated Silicon, Cypress said, "I trust that the ISSI Board of Directors now understands that Cypress Semiconductor places strategic, not just financial, value on the acquisition of ISSI. Of course, you have known of this strong and unwavering interest, given your personal dialogues with us over the last year. As we said in those meetings, we believe that the transaction would benefit not only ISSI shareholders, but also ISSI customers due to the increased breadth and strategic capabilities of the product offerings of the combined companies; for example, to provide and warranty all the memory types needed to implement an automotive embedded system. With that vision unchanged, Cypress is increasing its offer to acquire ISSI to $22.25 per share, while maintaining its previously outlined ticking fee of $0.10 per share per quarter beginning October 1, 2015. Additionally, Cypress will put into escrow through our lawyers today a merger agreement pre-negotiated with ISSI and signed by me to further demonstrate our sincerity and strong commitment to closing this transaction. This Cypress proposal is clearly superior to an Uphill proposal at the same price per share, given our inclusion of a ticking fee and our mitigation of regulatory risk."
June 21, 2015
14:44 EDTSSNLFFitbit shares likely to see 'typical IPO' subpair gains, Barron's says
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June 19, 2015
08:05 EDTCYUphill increases price for ISSI acquisition to $22 per share
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07:15 EDTSSNLFCourt to rule July 1 on Elliott’s bid to block Samsung deal, Reuters reports
A South Korean court said it will rule by July 1 on U.S. hedge fund Elliott’s request to block a Samsung C&T Corp, a unit of Samsung, shareholder vote on an $8B buyout offer from Cheil Industries, Reuters reports. Elliott told the court that Cheil’s offer was built to pave the way for a leadership succession in the Samsung conglomerate and did not serve the best interests of their shareholders, the report says. Reference Link
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