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Stock Market & Financial Investment News

News Breaks
January 11, 2014
19:22 EDTTAT&T launches exclusive family offer from Beats Music
AT&T announced that beginning Jan. 21, AT&T is introducing a new offer for families to experience the music they love with an exclusive offering from Beats Music. Working together, AT&T and Beats are addressing the challenges that exist with current music subscription services today – lack of unique personalization and high costs to enjoy premium music for the family. With Beats Music, AT&T customers on a multiline account get unlimited streaming music and downloads for offline listening for up to five family members across 10 devices. Each family member can get 24/7 access to more than 20 million songs and a unique curated experience, and the entire cost for the family is $14.99 a month, exclusively from AT&T.AT&T's $14.99 a month offer of Beats Music gives AT&T wireless customers unlimited music access across 10 devices for up to five family members with the first 90 days free. Individual AT&T wireless customers can get the same access across three devices for $9.99 a month with the first 30 days free.
News For T From The Last 14 Days
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April 15, 2015
06:46 EDTTAT&T files lawsuit to challenge net neutrality order, WSJ says
AT&T filed a lawsuit to overturn the FCC's net neutrality order to reclassify the internet as a telecommunications service, reports the Wall Street Journal. The move is surprising, as AT&T didn't join in prior suits, the Journal adds. Reference Link
April 14, 2015
12:40 EDTTPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
April 13, 2015
20:16 EDTTUSTelecom files net neutrality lawsuit against FCC
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April 8, 2015
13:11 EDTTAT&T to pay $25M civil penalty for consumer privacy violations
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April 7, 2015
07:34 EDTTMobileIron announces availability of AT&T Work Platform
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April 6, 2015
06:45 EDTTQualcomm downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Qualcomm (QCOM) to Market Perform, removed the stock from its Top Picks list and dropped its price target for shares to $72 from $80. FBR said the moves were prompted by a posting on AT&T's (T) website which said the carrier’s version of the GS6 smarphone is powered by the Samsung Exynos 7420 processor with a Shannon 333 modem as opposed to Qualcomm's Snapdragon platform. FBR still expects the Verizon (VZ) and Sprint (S) GS6 versions to sport Qualcomm modems, but it believes the change at AT&T signals Samsung’s "clear intent to utilize proprietary baseband whenever and wherever possible." Shares of chip maker Qualcomm closed Thursday down $1.46 to $67.97.
April 5, 2015
08:43 EDTTAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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