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Stock Market & Financial Investment News

News Breaks
January 28, 2013
19:32 EDTSTX, OPK, YHOO, WDC, BMC, NTGR, MSPD, EMC, VMW, SWIR, PLXT, SANMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Yahoo! (YHOO), up 2.6%... PLX Technology (PLXT), up 4.7%... Mindspeed (MSPD), up 3.2%... ALSO HIGHER: Opko Health (OPK), up 4.2% after Barrington raised its price target on shares to $7.50 from $6... Sierra Wireless (SWIR), up 8% after announcing an agreement to sell its AirCard assets to Netgear (NTGR) for $138M cash... DOWN AFTER EARNINGS: Seagate Technology (STX), down 5.3%... VMware (VMW), down 14.2%... BMC Software (BMC), down 6.7%... Sanmina (SANM), down 8%... ALSO LOWER: EMC (EMC), down 4.7% after VMware, of which it owns a stake, provided revenue guidance below expectations... Western Digital (WDC) down 2.8% after peer Seagate fell following its quarterly report.
News For YHOO;PLXT;MSPD;OPK;SWIR;NTGR;STX;VMW;BMC;SANM;EMC;WDC From The Last 14 Days
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February 27, 2015
17:36 EDTOPKOPKO Health says has adequate liquidity to continue product development
The company said, "We believe that OPKO’s cash and cash equivalents of $96.9 million at December 31, 2014, together with the $295.0 million in upfront payments from Pfizer received in 2015, provide OPKO with adequate liquidity to continue development of its product candidates."
17:33 EDTOPKOPKO Health reports Q4 EPS (12c), consensus (6c)
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16:29 EDTVMW, EMCEMC decides against spinning off stake in VMware, Reuters reports
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15:57 EDTEMC, VMWEMC decides against spinning off stake in VMware, Reuters reports
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11:26 EDTVMWVMware management to meet with UBS
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09:16 EDTEMCEMC to hold a conference call
VP-Product Management Josh Goldstein holds a conference call to discuss EMC XtremIO on February 27 at 1 pm. Webcast Link
February 26, 2015
10:00 EDTVMWOn The Fly: Analyst Initiation Summary
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06:22 EDTYHOOYahoo paying very high salaries, Business Insider says
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05:47 EDTVMW, EMCAtos and EMC to further strengthen strategic alliance
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February 25, 2015
15:03 EDTYHOOYahoo paying very high salaries, Business Insider says
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10:29 EDTYHOOYahoo management 'seems open' to Yahoo Japan options, dealReporter says
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February 24, 2015
16:20 EDTVMWVMware appoints Bask Iyer as Chief Information Officer
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15:46 EDTVMWJuniper CIO leaving company for same role at VMware, Business Insider says
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12:47 EDTSTXEarnings Preview: HP reports with break-up inching closer
Hewlett-Packard (HPQ) is set to report first quarter earnings after the market close on Tuesday, February 24, with a conference call scheduled for 5:00 pm ET. Hewlett-Packard is an IT company that provides hardware, software, and business and enterprise solutions. In October of last year, HP announced plans to separate into two new publicly traded companies: one comprising HP's enterprise technology infrastructure, software and services businesses, which will do business as Hewlett-Packard Enterprise, and one that will comprise HP's personal systems and printing businesses, which will do business as HP Inc. EXPECTATIONS: Analysts are looking for earnings per share of 91c on revenue of $27.34B, according to First Call. The consensus range for EPS is 88c-95c on revenue of $27.01B-$27.92B. With its last earnings report, the company said it expects Q1 EPS of 89c-93c. HP has an FY15 EPS forecast of $3.83-$4.03, compared to a consensus estimate of $3.96. LAST QUARTER: On November 25, HP reported fourth quarter EPS of $1.06, matching the consensus estimate, on revenue of $28.4B, against a consensus estimate of $28.76B. HP said its Q4 personal systems revenue was up 4% from the prior year period, with total units up 5%, including Desktops units being down 2% and Notebooks units being up 8%. Enterprise Group revenue was down 4% year over year, with Industry Standard Servers revenue down 2%, Storage revenue down 8%, Business Critical Systems revenue down 29%, Networking revenue up 2% and Technology Services revenue down 3%. NEWS: On the day after HP's Q4 report, HP CEO Meg Whitman said in an interview on CNBC that the company will have a moratorium on acquisitions during 2015 as it readies for its split. Whitman also noted that the newly formed companies will have a supply chain agreement to ensure they do not lose leverage after their split. In mid January, research firm Gartner estimated that worldwide shipments of PCs increased 1% last quarter. "These results indicate a slow, but consistent improvement following more than two years of decline," the firm wrote. Late last month, HP said it has been "working diligently to ensure that both HP Inc. and Hewlett-Packard Enterprise are set up for success" and announced Hewlett-Packard Enterprise will be headed by Meg Whitman as President and CEO and that HP Inc. will be led by Dion Weisler as President and CEO. STREET RESEARCH: On December 17, Citigroup analyst Jim Suva contended that sales of PCs will be at least flat next year, before growing slightly in 2016 and 2017. The firm identified HP as the best way to play better than expected PC sales. Suva raised his price target on HP shares to $46 from $40 and kept a Buy rating on the stock. Also at that time, Suva raised his price target on hard disk drive maker Western Digital (WDX) to $125 from $110 and on its competitor, Seagate (STX), to $74 from $70, as he noted that the companies obtain about 50% of their revenue from PCs. He kept Buy ratings on both names. On January 13, Pacific Crest downgraded HP to Sector Perform from Outperform, citing increased competition and the fact that a number of companies are buying integrated IT stacks and buying fewer individual servers and IT storage products. More recently, Wells Fargo said it believes that HP's Q1 results could exceed the consensus outlook, driven by PC share gains, strong server demand, and solid printing demand. The firm believes that currency issues may pressure the company's outlook, but it thinks that investors expect such a scenario. The firm reiterated an Outperform rating on the shares. PRICE ACTION: Over the last three months, shares of HP are up almost 2%. Near midday ahead of Tuesday's report, the stock was down fractionally near $38 per share.
09:56 EDTVMWVMware large DoD contract likely to be delayed, says Nomura
Nomura said competitors have protested VMware's large Defense Information Systems Agency $1.6B over 5-year contract expected to have been awarded to the company by the end of March. The firm expects a delay in the ward and for the scope of the contract to be modified. Nomura said its unclear how much of the contract is incremental business vs. renewals and weather renewals will be delayed. Shares of VMware are Neutral rated with a $95 price target.
08:31 EDTSANMSanmina's Costa Mesa facility awarded AS9100C certification
Sanmina announced its Costa Mesa, California facility has been awarded the AS9100C certification for high technology PCB, flex and rigid flex circuit boards used in aerospace and defense electronics equipment. Achieving the AS91000C certification enables Sanmina to produce PCB's and flex circuits for advanced defense and aerospace equipment, including avionics and satellite electronics. The AS9100C certification is an internationally recognized standard focused on improving quality systems throughout the defense and aerospace supply chain.
07:19 EDTSTXSusquehanna to hold a summit
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06:41 EDTYHOOYahoo executive questions NSA director over spying, WSJ says
Yahoo Chief Information-Security Officer Alex Stamos questioned NSA director Admiral Mike Rogers at a Washington summit about the extent of U.S. government spying, reports the Wall Street Journal, citing transcripts of the event. Stamos stated "It sounds like [the NSA and FBI want a backdoor into] our products," to which Admiral Rogers did not directly respond. Rogers stated he believes it is legally feasible to allow the NSA to access encrypted information from U.S. companies. Reference Link
February 23, 2015
06:21 EDTYHOOFacebook's shuttle drivers approve new union contract, WSJ reports
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February 20, 2015
12:41 EDTOPKOPKO Health annouces publication of 20 year outcome study for prostate cancer
OPKO Health announced the online publication of a study entitled “Improving the Specificity of Screening for Lethal Prostate Cancer Using Prostate-specific Antigen and a Panel of Kallikrein Markers: A Nested Case-Control Study” in the journal European Urology. The study shows that the four kallikrein panel of biomarkers utilized in the OPKO 4Kscore Test accurately identify men more likely to develop distant prostate cancer metastases, and men with a low 4Kscore were shown to have a low risk of developing metastatic prostate cancer in a 20-year follow up period. The study is part of the Västerbotten Intervention Project, which was initiated in 1986 in Västerbotten County, Sweden, and is a population-based study involving a health exam at ages 40, 50, and 60 years of age, where blood was drawn and preserved. The VIP study included data on over 40,000 men, representing greater than 57% of the total background population in Västerbotten County. From this cohort, blood samples of men who developed metastatic prostate cancer and age-matched controls of cancer free men were tested for the four kallikreins and their 4Kscore result was determined.
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