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March 11, 2012
11:57 EDTMERU, WIFI, VZ, QCOM, ARUN, S, BRCM, IPAS, TLTE promises just as many headaches as breakthroughs, Barron's says
The telephone companies are happy because long term evolution, or LTE, not only moves units of phones, but also lets carriers squeeze more bits out of each hertz, Barron's reports. LTE already has deepened the disparity among U.S. carriers. Verizon (VZ) and AT&T (T) are far ahead of others. While, Sprint-Nextel (S) is just getting started. The benefits nevertheless are not clear cut. LTE is just at the beginning of the road. As that service fills up, it will require increasing capital investments. Moreover, the true payoff only comes if customers are satisfied, not disappointed. Both AT&T and Verizon now cap how much you can use. As a result, there will be more interest in what's called "WiFi offloading," where customers are bumped from LTE onto the nearest WiFi network. Barron's Technology Trader columnist Tiernan Ray contends that this could mean opportunity for WiFi network operators such as Boingo Wireless (WIFI) and iPass (IPAS). Also for WiFi equipment vendors like Aruba Networks (ARUN) and Meru Networks (MERU). Chip vendors Broadcom (BRCM) andQualcomm (QCOM) are already touting their parts for higher-speed versions of WiFi, called 802.11ac. Reference Link
News For VZ;T;S;WIFI;IPAS;ARUN;MERU;BRCM;QCOM From The Last 14 Days
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July 20, 2015
16:34 EDTQCOMQualcomm to cut 'several thousand' jobs, The Information says
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16:33 EDTQCOMQualcomm may cut 'several thousand jobs' according to report, CNBC says
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15:01 EDTVZNotable companies reporting before tomorrow's open
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14:49 EDTVZVerizon July weekly volatility increases into Q2 and outlook
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14:22 EDTVZEarnings Watch: Verizon to report Q2 results after AOL acquisition
Verizon Communications (VZ) is expected to report second quarter earnings before the market open on Tuesday, July 21, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for earnings per share of $1.01 on revenue of $32.45B, according to First Call. The consensus range for EPS is 93c-$1.05 on revenue of $31.75B-$33.0B. LAST QUARTER: Verizon reported first quarter EPS of $1.02 against estimates for 95c on revenue of $32B against estimates for $32.27B. Verizon Wireless had 565,000 retail postpaid net additions in Q1, a 4.8% increase compared with first-quarter 2014. At the end of Q1, the company had 108.6M retail connections, a 5.1% year-over-year increase, and had 102.6M retail postpaid connections. The company added 621,000 4G smartphones to its customer base in Q1. In light of a net decline in 3G smartphones, overall smartphone growth totaled 247,000. The company also added 820,000 4G tablets and reported net declines of 385,000 basic phones and 188,000 prepaid devices in Q1. 4G devices now constitute approximately 70% of the retail postpaid connections base, up from 49% a year ago – with the 4G LTE network handling about 86% of total wireless data traffic in Q1. At 1.03% in Q1, retail postpaid churn improved both sequentially and year over year. Retail postpaid smartphone customer churn was less than 0.9%. Verizon added 133K net new FiOS Internet, and 90K net new FiOS Video connections in Q1. Verizon had totals of 6.7M FiOS Internet and 5.7M FiOS Video connections at the end of the first quarter, representing year-over-year increases of 9.4% and 7.9%, respectively. CEO Lowell McAdam said, “We are confident in our ability to maintain momentum and continue to add value for customers and shareholders.” On May 12, Verizon announced it would acquire AOL for $50 per share, or $4.4B. The transaction was completed on June 23. On May 19, speaking at the JPMorgan Global Technology, Media and Telecom Conference, CFO Fran Shammo said he expects net phone additions in Q2. ANALYST REACTION: Street research has been mostly mixed in the weeks leading up to Verizon’s Q2 earnings report. On May 12, Macquarie downgraded Verizon to Underperform from Neutral with a $45 price target to reflect a weaker 2016 and 2017 earnings outlook. The firm's analyst believed management has made a series of questionable strategic moves beginning with the Vodafone (VOD) deal that will depress earnings. Recent advertising promotions are likely to pressure 2015 margins and ARPU and LTE capacity issues are expected in certain markets later in the year. Macquarie is surprised Verizon shares have held in around $50 with treasury yields rising and increasing Q2 promotions and does not believe this is sustainable ahead of a reset in consensus estimates. Conversely, on July 9, Stifel resumed coverage of Verizon with a Buy rating and price target of $60 per share. PRICE ACTION: Verizon’s shares are down about 3% since the company's Q1 report. Over the past twelve months, they are down about 5.7%. In afternoon trading ahead of Tuesday's Q2 report, Verizon’s shares are up 0.6%.
July 16, 2015
19:27 EDTVZ, TFCC reforms bidding rules for spectrum auctions, prohibits joint bidding
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10:04 EDTVZ, TU.S. Cellular offers 'guarantee' to beat Verizon and AT&T plans
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08:18 EDTQCOMSeveral stocks attractive following Intel results, says JMP Securities
For investors looking to take advantage of the sentiment shift the Intel (INTC) results could mean for the group and stronger demand due to seasonality and the Windows 10 launch, JMP Securities recommends Nvidia (NVDA) and Micron (MU). The firm says that both stocks have more attractive valuations and "more strategic roadmaps" than Intel. It also recommends Apple (AAPL) and Qualcomm (QCOM) as more attractive and secure dividend growth plays.
05:51 EDTQCOMEuropean Commission confirms two investigations against Qualcomm
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05:22 EDTQCOMQualcomm issues statement on European Commission announcement
Qualcomm provided the following statement: "We were informed that the European Commission has taken the procedural step of 'initiating proceedings' against Qualcomm with regard to the two ongoing investigations into Qualcomm's sale of chipsets for mobile devices. This step allows investigators to gather additional facts, but it represents neither an expression by the Commission on the merits of the case nor an accusation against the company. While we were disappointed to hear this, we have been cooperating and will continue to cooperate with the Commission, and we continue to believe that any concerns are without merit."
July 15, 2015
10:01 EDTQCOMOn The Fly: Analyst Initiation Summary
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06:52 EDTTFCC ruling on AT&T-DirecTV deal could come as soon as today, CTFN says
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06:50 EDTQCOMQualcomm initiated with a Neutral at Mizuho
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05:55 EDTQCOMQualcomm to push inexpensive mobile device market in 2015, DigiTimes reports
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05:53 EDTQCOMTSMC cuts 28nm and 20nm prices by 5%-10%, DigiTimes reports
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05:52 EDTSStocks with implied volatility movement; PBR S
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July 14, 2015
16:01 EDTTOptions Update; July 14, 2015
iPath S&P 500 VIX Short-Term Futures down 15c to 17.76 Option volume leaders: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT NFLX TSLA TWTR MPC
10:07 EDTVZVerizon announces new content partnership with VICE
Verizon announced a new content partnership that will bring VICE Media's content to Verizon's mobile video platform, launching later this year. The multi-year partnership will see a broad selection of VICE digital content, including original domestic and international programming produced exclusively for Verizon, all through a mobile-first video offering. The content offering will also include a curated selection of original videos from across VICE's digital channels covering a range of categories.
09:35 EDTTActive equity options trading on open
Active equity options trading on open: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT
06:20 EDTQCOMQualcomm to work with Google-backed Thread Group, Re/code reports
Qualcomm (QCOM) said it is working with Thread Group, a Google (GOOG) backed effort to find ways for internet connected devices to communicate with one another, Re/code reports. Reference Link
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