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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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August 21, 2014
06:21 EDTGOOGGM product chief thinks Google might become 'threat,' Bloomberg says
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06:05 EDTGOOGGoogle unit leads $100M infusion in Thumbtack, WSJ reports
Google's Google Capital unit is leading a $100M funding round in Thumbtack, a services marketplace, the Wall Street Journal reports. The investment, which also includes Tiger Global Management and Sequoia Capital, values Thumbtack at over $800M. Reference Link
06:02 EDTAMZNAmazon.com implied volatility of 22 at lower end of index mean range
August 20, 2014
16:07 EDTVMWVMware acquires CloudVolumes, terms undisclosed
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13:46 EDTGOOGVerizon looking to build app store, The Information says
Verizon (VZ) is looking to partner with other companies to build an app store, according to The Information. Verizon's app store would compete with Google (GOOG) and Apple (AAPL), which already sell smartphone software, The Information noted. Reference Link
09:24 EDTGOOGVringo intends to seek en banc review of decision in I/P Engine case
Vringo (VRNG) announced that its wholly-owned subsidiary I/P Engine, Inc. intends to file a petition with the United States Court of Appeals for the Federal Circuit seeking en banc review of the split appellate decision in its case against AOL (AOL), Google (GOOG) et al. that issued on August 15 and reversed the judgment of the United States District Court for the Eastern District of Virginia. Under the Federal Circuit's rules, I/P Engine's petition for en banc review is due on September 15. I/P Engine has filed an unopposed motion seeking a 30-day extension, which would make its petition due October 15. Upon receiving the requested extension, I/P Engine may file the petition on or anytime prior to October 15.
07:58 EDTMSFTBallmer stepping down a positive for Microsoft, says FBR Capital
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07:01 EDTGOOGGarmin introduces first Android-based fleet navigators
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06:40 EDTAMZNAmazon.com to launch China e-commerce hub, WantChinaTimes says
Amazon will launch an e-commerce hub in the Shanghai Pilot Free Trade Zone at the end of September, according to WantChinaTimes, which cited a report in Chinese-language news agency the Paper. The hub will enable Amazon to bring goods from around the world to China, and to sell China's goods to buyers around the world, WantChinaTimes explained. Reference Link
06:36 EDTGOOG, MSFTIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
06:02 EDTAMZNAmazon.com implied volatility of 21 at lower end of index mean range
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August 19, 2014
17:14 EDTMSFTOn The Fly: Closing Wrap
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14:12 EDTMSFTBallmer steps down from Microsoft board, sees holding shares
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11:25 EDTMSFTHTC unveils the HTC One for Windows
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08:11 EDTVMW, EMCVMware promotes Betsy Sutter to SVP, Chief People Officer
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08:09 EDTVMW, EMCVMware updates executive responsibilities
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06:57 EDTAMZNAmazon.com implied volatility of 22 at lower end of index mean range
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06:50 EDTGOOGImages show impending Google music subscription service, Android Police says
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06:13 EDTGOOGContinental AG hires Google's Seval Oz to lead new division, WSJ reports
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05:57 EDTGOOGGoogle to offer accounts to children under 13, WSJ reports
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