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Stock Market & Financial Investment News

News Breaks
July 9, 2014
11:00 EDTRHT, GOOG, CTXS, MSFT, EMC, VMW, AMZNWells 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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March 19, 2015
09:32 EDTRHTRed Hat upgraded to Positive from Mixed at OTR Global
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09:02 EDTGOOGIntel, Google, TAG Heuer announce Swiss smartwatch collaboration
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06:55 EDTGOOGCertain news agencies form advertising alliance to rival Google, others, BI says
The Guardian, CNN International, The Financial Times , Reuters (TRI) and The Economist are forming an advertising alliance, called Pangaea, in hopes of rivaling Google (GOOG), Facebook (FB), Twitter (TWTR), and LinkedIn (LNKD), reports Business Insider UK. The Financial Times is owned by Pearson (PSO), The Economist Group is 50% owned by Pearson via The Financial Times, and CNN is owned by Time Warner (TWX). Reference Link
06:42 EDTGOOGSafety standards for self-driving cars remain in flux, WSJ says
A 2012 California proposal to create safety standards for self-driving cars has yet to materialize because lawmakers, regulators, researchers, and government agencies do not know how to fully assess the technology, reports the Wall Street Journal. Google and other auto makers want to verify safety themselves, but law firm TroyGould and advocacy group Auto Reliability and Safety say third party testing is necessary, while a UC Berkeley transportation expert called the issue an "open question." The National Highway Traffic Safety Administration plans to test the technology "as it emerges... to inform future federal regulation," while the California DMV stated last week it's working quickly but doesn't want to release a premature ruling. Reference Link
05:53 EDTAMZNAmazon plans to shut down Shopify rival Amazon Webstore, Re/code reports
Amazon is planning to shut down Amazon Webstore, its competitor to Shopify and Bigcommerce, Re/code reports, citing sources. The company will allow its Webstore customers over a year to find a new vendor before the service is fully shut down, the sources say. Reference Link
05:50 EDTMSFTMicrosoft, BlackBerry raises cooperation for software products, DigiTimes says
Microsoft and Blackberry have been increasing their cooperation with other companies to promote sales of software platforms and related services, reports DigiTimes. According to industry sources, the new eefforts come after their global smartphone market edge dropped 2.8% and 0.6%, respectively. Reference Link
05:42 EDTGOOGeBay downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Gene Munster downgraded eBay (EBAY) to Underweight, the firm's sell-equivalent rating, saying competition from Google Wallet (GOOG), Apple Pay (AAPL), Facebook (FB) and Samsung will weigh on PayPal's valuation and market share over the next three years. Munster notes shares of eBay are up 12% since the beginning of February due to optimism around the PayPal spin-out. He cut his price target for shares to $49 from $55. The online marketplace and PayPal owner closed yesterday down $1.07 to $58.42.
05:30 EDTAMZNAmazon.com expands Prime Now delivery to Baltimore and Miami
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March 18, 2015
10:01 EDTMSFTPolycom and Microsoft announces new series of video collaboration solutions
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09:03 EDTMSFTMicrosoft price target lowered to $46 on rising headwinds at Morgan Stanley
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08:04 EDTGOOGAmerican Enterprise Institute to hold a discussion
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07:49 EDTEMCSenate Judiciary Committee to hold a hearing
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07:03 EDTMSFTSonus transitions enterprises to Microsoft Skype for business
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06:04 EDTGOOGGoogle's initial drone design failed, company working on new drone, WSJ reports
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05:59 EDTGOOGGoogle sees self-driving car on market within five years, Re/code says
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05:55 EDTGOOGApple has small team working on augmented reality, says Piper Jaffray
Piper Jaffray analyst Gene Munster says that following talks with industry contacts, he believes Apple (AAPL) has a small team working and exploring the augmented reality space. Munster believes augmented reality has the potential to "be as profound a technology platform as the smartphone today," but admits broader consumer adoption is likely 10 years away. He views Apple's involvement in the space as an indication the company is preparing for the next evolution of computing. Munster has an Overweight rating on Apple with a $160 price target. He describes augmented reality as the "overlay of digital information on the physical world," with Google (GOOG) Glass given as an example.
05:43 EDTGOOGGoogle introduces new app approval process
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05:23 EDTMSFTQihoo 360 announces partnership with Microsoft
Qihu 360 (QIHU) announced a partnership with Microsoft (MSFT) to bring Windows 10, for free, to its customers in China through seamless upgrades. Qihu 360 will enable the Windows 10 upgrade with just a few clicks for their customers with accelerated download speeds. As a result, millions of Qihu 360 users will be able to upgrade to Windows 10 quickly and easily.
05:22 EDTMSFTMicrosoft announces strategic partnership with Tencent
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05:21 EDTMSFTMicrosoft announces Windows 10 to launch this Summer in 190 countries
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