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Stock Market & Financial Investment News

News For TWX;GOOG;NFLX From The Last 14 Days
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February 26, 2015
13:12 EDTNFLXNetflix volatility at record low, shares near record high on FCC vote
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13:00 EDTNFLXFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTNFLXFCC Chair says open Internet proposals not a plan to control the Internet
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10:40 EDTGOOGDish could consider partnering with Google in wireless, The Information says
According to The Information, Dish Network (DISH) is likely to play a large role in the telecommunications industry in the coming years, and could look to form a partnership with Google (GOOG), something the companies have previously discussed. Though Google did not bid in the most recent auction of wireless spectrum, sources say Google executive Milo Medin, considered a bid. Reference Link
10:15 EDTTWXTime Warner calls active on speculation of a large investor stake
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10:01 EDTTWXRumor: Time Warner active on speculation of a large investor stake
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09:35 EDTNFLXActive equity options trading on open
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09:28 EDTGOOGSolarCity creates fund to finance $750M solar projects, Google invests $300M
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06:56 EDTGOOGGoogle reportedly announcing Android Pay at May conference, Ars Technica says
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06:42 EDTGOOGGoogle unifies two separate European units, Financial Times reports
Google is unifying its two separate European arms following a more challenging and combative regulatory landscape, reports the Financial Times. Matt Britain, who had led the company's northern and western arm, will take over the running of the new business. Britain said the structure would allow the company to better respond to local conditions and opportunities. Reference Link
06:25 EDTGOOGYouTube revenue growing but did not contribute to earnings, WSJ reports
Google's YouTube posted 2014 revenue of $4B although it did not contribute to earnings, reports the Wall Street Journal, according to two people familiar with its financials. One step that may hope to boost viewership include playing more videos automatically, a feature that is expected to roll out shortly. Reference Link
06:18 EDTGOOGGoogle introduces Android for Work program
The company said on its Official Blog: "Over a billion people today carry Android smartphones -- devices that are more powerful than the computers we used just a few years ago. For many, these phones have become essential tools to help us complete important work tasks like checking email, editing documents, reviewing sales pipelines and approving deals. But for the majority of workers, smartphones and tablets are underutilized in the workplace. Their business and innovation potential remain largely untapped. We're announcing the Android for Work program to tap into that potential. With a group of partners, we're helping businesses bring more devices to work by securing, managing and innovating on the Android platform... Together with a wide range of management, application and device makers, we believe the Android for Work program provides businesses and workers with the choice and flexibility they need to get things done at work." Reference Link
06:06 EDTGOOGGoogle considering making investment in Jawbone, Re/code reports
Google is considering making a strategic investment in Jawbone, which makes wireless and wearable devices, sources tell Re/code. Jawbone has also been talking to other strategic investors, and the sources caution that talks with Google are preliminary. Reference Link
February 25, 2015
14:13 EDTGOOGGoogle unifying EU units amid regulatory pressures, FT says
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14:06 EDTGOOGMobileIron announces Cloud support for Android for Work
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14:03 EDTGOOGCitrix extends collaboration with Google to include Android for Work
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14:03 EDTGOOGBlackBerry says working with Google to enable BES12
BlackBerry Limited (BBRY) announced that it is working with Google (GOOG) to enable BES12: a cross-platform EMM solution by BlackBerry to manage devices equipped with Android for Work, Google's solution to securely separate business and personal data and applications. BES12 will provide organizations with the most secure and flexible way to manage Android for Work. Android for Work smartphones and tablets will be natively managed within the BES12 environment.
12:41 EDTGOOGGoogle introduces Google Flights
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11:47 EDTTWX, NFLXAnalysts clash on DreamWorks following Q4 miss
The shares of animated film and television show maker DreamWorks (DWA) are rising, despite the weaker than expected results reported by the company last night. Two analysts offered very different views on the company's outlook following its results. BACKGROUND: DreamWorks last night reported a fourth quarter per share loss of ($3.08), versus analysts' consensus outlook for a ($3.01) per share loss. The company's revenue also came in below expectations. Excluding $210M in pre-tax charges associated with DreamWorks' restructuring plan, its loss was (75c) per share, the company stated. BEARISH TAKE: In a note to investors today, FBR Capital analyst Barton Crockett wrote that DreamWorks' results were "ugly," as they included $155M of write-offs on films and TV shows. However, Crockett believes that the crucial factor for the company's outlook is whether it can consistently compete with the entertainment giants, including Disney (DIS), Viacom (VIA), and Time Warner (TWX). Crockett is not convinced that DreamWorks will be able to hold its own, and he believes that its 2015 results could come in below expectations. The analyst warned that the company may have difficulty meeting its 2015 consumer products revenue guidance. DreamWorks expects its consumer products revenue to double this year, but the movie-based toy space is "very competitive" in 2015, as toys based on multiple popular children's films are set to be released, Crockett stated. Moreover, after conducting checks online, Crockett reports that there does not seem to be a great deal of interest in DreamWorks' movie "Home," which is set to be released on March 27. He kept an Underperform rating on the shares and raised his price target on the stock to $14 from $12. BULLISH TAKE: DreamWorks' results were mixed, but the results are not very important, Piper Jaffray analyst James Marsh stated. The company's guidance for its TV and consumer products businesses were solid, the analyst believes. Moreover, the company "took specific and decisive action" to avert a liquidity crunch, Marsh wrote. Specifically, DreamWorks raised $185M of capital by selling its real estate in Glendale, California and then leasing it back, and increased the size of its current credit facility to $450M from $400M, Marsh reported. The moves should "largely" eliminate investors' worries about the company's liquidity position, Marsh stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: On DreamWorks' earnings conference call last night, the company's CEO Jeffrey Katzenberg stated that it did not obtain more than 10% of its revenue from Netflix (NFLX) last year. However, in an SEC filing earlier this morning, DreamWorks clarified that it had obtained 14.9% of its revenue from Netflix last year. PRICE ACTION: In late morning trading, DreamWorks rose 5.6% to $22.31.
11:19 EDTNFLXNetflix to premiere five new shows for kids
Netflix announced that it is adding five new animated and live-action comedy series to its selection of kids and family entertainment. These include Danger Mouse, planned for Spring 2016, Inspector Gadget in March 2015, Some Assembly Required in Summer 2015, Bottersnikes & Gumbles in Spring 2016 and SUPER 4, a new CGI animated series inspired by PLAYMOBIL, which makes its U.S. premiere in April exclusively on Netflix.
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