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Stock Market & Financial Investment News

News Breaks
March 28, 2013
14:01 EDTVRNG, MSFTVringo April and May calls active
Vringo (VRNG) April and May 3 calls are active on total call option volume of 8K contracts (2K puts) as shares are up on potential settlement talks with Microsoft (MSFT). April call option implied volatility is at 108, May is at 119, June is at 100; compared to its 26-week average of 99 according to Track Data. Active call volume suggests traders taking positions for large near-term price movement.
News For VRNG;MSFT From The Last 14 Days
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August 17, 2014
20:39 EDTVRNGPatent overhaul efforts seem to have stalled before November election, WSJ says
Legal experts say that it is unlikely that a full Congress will revisit the issue of patent reform before the election in November, says the Wall Street Journal. Large technology companies like Google (GOOG) and Microsoft (MSFT) are pushing Congress to reform patent laws to curb litigation from patent-holding firms, added the Wall Street Journal. Publicly traded companies in the space include Acacia Research (ACTG), Tessera (TSRA), Rambus (RMBS) InterDigital (IDCC) and Vringo (VRNG). Reference Link
August 15, 2014
12:39 EDTVRNGOn The Fly: Midday Wrap
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12:18 EDTVRNGVringo plunges 74% after appeals court overturns favorable patent ruling
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12:13 EDTVRNGVringo to resume trading at 12:15, quotation at 12:10
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11:45 EDTVRNGVringo confirms adverse ruling in patent suit with Google, others
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11:15 EDTVRNGVringo falls after patent win against Google, AOL reversed on appeal
The U.S. Court of Appeals for the Federal Circuit that patents claims asserted by I/P Engine, a unit of Vringo (VRNG), are invalid for obviousness and reversed a lower court's ruling in the company's favor. The patents were asserted in a suit against Google (GOOG) and Aol (AOL), IAC Interactive (IACI) and Gannett (GCI). Vringo shares dropped nearly 11% following the posting of the appeal court ruling. Reference Link
11:11 EDTVRNGU.S. Court says Vringo patents in Google case are invalid, Bloomberg Reports
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09:39 EDTMSFTNPD: Sony's PS4 beats out Xbox One in July, BGR reports
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August 14, 2014
18:04 EDTMSFTInterDigital loses patent case against Nokia, ZTE, Bloomberg reports
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August 13, 2014
14:54 EDTMSFTEarnings Preview: Cisco reports following Deutsche upgrade, Pac Crest downgrade
Cisco Systems (CSCO) is scheduled to report fourth quarter results after the market close on Wednesday, August 13, with a conference call scheduled for 4:30 pm ET. Cisco, a member of the Dow Jones Industrial Average, sells Internet protocol-based networking and other products related to the communications and IT industry and provides related services. EXPECTATIONS: Analysts are looking for earnings per share of 53c on revenue of $12.14B, according to First Call. The consensus range for EPS is 51c-54c on revenue of $11.8B-$12.25B. Along with its last quarterly report, Cisco guided to Q4 adjusted EPS of 51c-53c and said it expects its revenue to be down 1% to 3% in the quarter compared to the prior year. At that time, the company also said it sees its FY14 adjusted EPS to come in at the higher end of its previously communicated $1.95-$2.05 range. LAST QUARTER: On May 14, Cisco reported third quarter adjusted EPS of 51c, beating the consensus analyst forecast of 48c. It's revenue came in at $11.5B, topping the $11.38B consensus forecast. Cisco reported a Q3 adjusted gross margin of about 62.7%. NEWS: On June 17, Cisco announced its intent to acquire privately held Tail-f Systems, whose products help service providers and enterprise IT organizations easily and cost-effectively implement applications, network services and solutions across networking devices. Upon completion of the acquisition, which is expected to be complete in Q4, Tail-f employees will join Cisco's Cloud and Virtualization Group. About two weeks later, tech blog Gigaom reported that Cisco has acquired British firm Assemblage for technology that uses real-time collaboration that does not require the user to download programs or plug-ins. On July 15, Cisco 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 stated. STREET RESEARCH: On May 21, Northland said that after speaking with Cisco's management and attending Cisco Live, the firm believed that the company is taking share form Arista Networks (ANET), which has since come public. The firm added that it did not believe that Juniper (JNPR) has gained traction in data center switching and it recommended Cisco as a cyclical recovery play and a relative bargain to peers. About a week later, Deutsche Bank upgraded its rating on Cisco shares to Buy from Hold, citing expectations that the company's new product ramps in FY15 and FY16 will be stronger than expected. Deutsche said then that it saw upside to consensus estimates and raised its price target for Cisco shares to $30 from $25. On July 28, Pacific Crest downgraded its rating on Cisco shares to Sector Perform from Outperform, citing valuation and concern that the company's margin expansion could moderate in 2015. The firm believes Cisco shares are fairly valued at $26. Less than a week ago, Morgan Stanley said its checks indicate the enterprise market is improving. The firm said it expects Cisco's outlook to be conservative and said concerns over rapid software-defined networking adoption and margin impact are overblown. Morgan Stanley has an Overweight rating with a $30 price target on Cisco. PRICE ACTION: In the last three months, Cisco has advanced about 9.5%. In afternoon trading ahead of tonight's report, Cisco shares are down 0.5% to $25.01.
August 12, 2014
13:19 EDTMSFTSony says 10M PS4 consoles have been sold since launch, TechCrunch reports
Sony has sold 10M units of the PlayStation 4 consoles to consumers since its launch last year, TechCrunch reports, citing comments made by Sony Computer Entertainment Europe CEO Jim Ryan at Gamescom 2014. Reference Link
August 11, 2014
15:19 EDTMSFTMicrosoft schedules event likely focused on Lumia phones, WMPoweruser says
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06:35 EDTMSFTMicrosoft Devices unveils low-cost Nokia 130 phone
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August 8, 2014
08:42 EDTMSFTMicrosoft has made strong progress in cloud, says Pacific Crest
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08:32 EDTMSFTVMware, others could benefit from increased cloud adoption, says Pacific Crest
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August 7, 2014
06:33 EDTMSFTAnti-trust investigations in China reignite protectionism worries, Reuters says
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06:19 EDTMSFTMicrosoft in talks to open Fifth Avenue store, Daily News reports
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August 6, 2014
06:38 EDTMSFTAccenture says complying with SAIC in Microsoft probe, Reuters says
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06:35 EDTMSFTSAIC enacts fresh raids on Accenture, Microsoft, Reuters says
China's State Administration for Industry and Commerce said on its website that it conducted fresh raids on Microsoft (MSFT) and Accenture (ACN) after the firm noted last week that Microsoft is being probed for anti-trust crimes, according to Reuters, citing an e-mail statement from a Beijing-based Microsoft spokeswoman. Reference Link
06:17 EDTMSFTAlibaba courting Nokia employees on website, WSJ reports
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