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Stock Market & Financial Investment News

News Breaks
July 9, 2014
11:00 EDTVMW, CTXS, RHT, EMC, GOOG, AMZN, MSFTWells says VMware growth could slow, downgrades shares
Shares of cloud computing infrastructure provider VMware (VMW) are dropping slightly after Wells Fargo downgraded the stock due to concerns about the company's growth outlook. Meanwhile, in comments made to The Wall Street Journal, VMware's CEO suggested that the company was unlikely to be acquired. WHAT'S NEW: VMware will have difficulty achieving analysts' consensus growth expectations over the next 6-18 months, Wells Fargo predicted. The company will have difficulty sustaining its current mid-teen percentage growth rates in its fiscal 2015, the firm added. Growth in VMware's core virtualization business should slow sooner or later, and the company's new products probably won't grow quickly enough to compensate, the firm forecast. Wells downgraded VMware to Market Perform from Outperform and cut its price target range on the stock to $98-105 from $107-$112. The firm prefers two other software infrastructure companies, Red Hat (RHT) and Citrix (CTXS). Citrix has easy comparisons and better execution than VMware, while its valuation is depressed, the firm believes. Meanwhile, Red Hat could see 15% or better revenue growth and an increase in its multiple, Wells predicted. The firm kept Outperform ratings on Citrix and Red Hat. WHAT'S NOTABLE: Asked if it will be tough for VMware to remain independent, the company's CEO, Patrick Gelsinger, suggested that to buy VMware, an acquirer would also have to purchase its parent, EMC (EMC), The Wall Street Journal reported today. As a result, the acquirer would have to pay $60B for EMC, including a premium, the CEO added. EMC owns 80% of VMware. In the interview, Gelsinger identified the "key cloud-tech companies" that matter in the long term as his own, Google (GOOG), Amazon (AMZN), and Microsoft (MSFT), which he said has the most "comparable view" to VMware's. PRICE ACTION: In mid-morning trading, VMware fell 0.8% to $94.45.
News For VMW;CTXS;RHT;EMC;GOOG;AMZN;MSFT From The Last 14 Days
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July 15, 2014
16:15 EDTGOOGGoogle appoints ex Ford CEO Alan Mulally to board, CNBC says
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16:00 EDTAMZN, GOOGOptions Update; July 15, 2014
iPath S&P 500 VIX Short-Term Futures up 53c to 28.02. Option volume leaders: AAPL FB GOOG AMZN ABX DIS NFLX TWTR TSLA according to Track Data.
13:34 EDTAMZNLivingSocial names eBay's Guantam Thakar as president and CEO
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12:01 EDTMSFTMicrosoft July weekly volatility elevated into Q4 and outlook
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11:55 EDTMSFTMicrosoft hits a fresh 52-week high, levels to watch
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10:00 EDTGOOGOn The Fly: Analyst Initiation Summary
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09:31 EDTMSFTSenate Judiciary Committee to hold a hearing
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09:29 EDTMSFTMicrosoft in talks to buy cybersecurity start-up Aorato, WSJ says
Microsoft is in talks to buy Israel-based cybersecurity start-up Aorato in a deal worth around $200M, according to The Wall Street Journal, citing a person familiar with the matter who noted that the pact could close within the next two months. Reference Link
09:05 EDTMSFTMicrosoft price target raised to $50 from $45 at Nomura
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09:05 EDTAMZNSanDisk to benefit from Amazon use of flash storage, says Pacific Crest
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08:53 EDTVMWVMware announces partnerships with China Telecom, Softbank
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08:35 EDTMSFTCisco announces multi-year sales, go-to-market agreement with Microsoft
Cisco (CSCO) announced a multi-year sales and go-to-market agreement with Microsoft (MSFT) designed to modernize data centers through the delivery and acceleration of integrated solutions. Cisco and Microsoft will both invest in sales, marketing and engineering resources to drive global alignment, while delivering deeper technology integration across cloud and data center markets. The companies will focus on integrating market leading technologies, including Cisco Unified Computing System, Cisco Nexus switching and Microsoft Cloud OS solutions including Windows Server, System Center, SQL Server and Microsoft Azure.
07:24 EDTMSFTMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
07:23 EDTAMZN, MSFTFortune to hold a conference
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07:15 EDTGOOGIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
06:24 EDTMSFTMicrosoft poised to make job reductions, Bloomberg says
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06:15 EDTGOOGGoogle Fit may benefit remote medical care industry, DigiTimes Research says
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06:06 EDTMSFTElectronic Arts names Ken Moss as Chief Technology Officer
Electronic Arts (EA) announced on its website that it has named Ken Moss as its Chief Technology Officer. As CTO, Ken will lead the organization, strategy and vision for EA’s Digital Platform and Information Technology divisions. Moss comes to EA most recently from eBay (EBAY), where he led the Marketplace Technology, Science and Data global organization. He is a 20-year veteran of Microsoft (MSFT), where he founded and led the engineering and product teams on Search -- which later became Bing -- and played an important role in Microsoft’s transition to large-scale services. Reference Link
06:02 EDTGOOGSamsung, Nest, ARM team up for Thread wireless networking protocol
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05:44 EDTGOOGNovartis to license Google 'smart lens' technology
Novartis (NVS) announced that its eye care division Alcon has entered into an agreement with a division of Google (GOOG) to in-license its "smart lens" technology for all ocular medical uses. The agreement with Google[x], a team within Google that is devoted to finding new solutions to big global problems, provides Alcon with the opportunity to develop and commercialize Google's "smart lens" technology with the potential to transform eye care and further enhance Alcon's pipeline and global leadership in contact lenses and intraocular lenses. The transaction remains subject to anti-trust approvals. The agreement between Google and Alcon represents an important step for Novartis, across all of its divisions, to leverage technology to manage human diseases and conditions. Google's key advances in the miniaturization of electronics complement Novartis's deep pharmaceuticals and medical device expertise. Novartis aims to enhance the ways in which diseases are mapped within the body and ultimately prevented.
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