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Stock Market & Financial Investment News

News Breaks
June 10, 2014
06:24 EDTZTCOY, BBRY, GOOG, LNVGYZTE taking staff from BlackBerry, Motorola Mobility, WSJ reports
ZTE Corp. (ZTCOY) is aggressively looking to take staff from Blackberry (BBRY) and Google's (GOOG) Motorola Mobility as it looks to expand its handset business, reports the Wall Street Journal. According to a person familiar with the situation, a special team inside ZTE's human resources department was tasked with recruiting talent from Blackberry and is looking to hire more. Reference Link
News For ZTCOY;BBRY;GOOG;LNVGY From The Last 14 Days
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October 9, 2014
06:29 EDTGOOG, LNVGYIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTGOOGGoogle's tax arrangement facing new challenge by France, WSJ reports
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October 8, 2014
16:56 EDTLNVGYGartner says worldwide PC shipments in Q3 declined 0.5%
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09:48 EDTGOOGGoogle says new movies can be pre-ordered, watched on first day of availibility
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07:46 EDTGOOGcomScore well positioned for change, says Brean Capital
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06:13 EDTLNVGYNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
October 7, 2014
13:45 EDTGOOGVringo says several important events scheduled for Q4
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13:33 EDTGOOGGoogle executive says Google+ here to stay, Re/code reports
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10:02 EDTBBRYOn The Fly: Analyst Initiation Summary
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09:18 EDTGOOGRackspace partnership with Google positive for sentiment, says Wells Fargo
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09:03 EDTGOOGRackspace to offer managed IT services support for full Google Apps for Work
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08:03 EDTGOOGVonage announces appointment of Alan Masarek as CEO
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07:48 EDTGOOGU.S. Chamber of Commerce to hold a discussion
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06:07 EDTGOOGYouTube may still be interested in programming for kids, Re/code reports
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October 6, 2014
16:33 EDTBBRYBlackBerry initiated with an In-Line at Imperial Capital
Imperial Capital started shares of BlackBerry with an In-Line rating, saying investors are likely to remain on the sidelines pending greater visibility into the company's software and value-added services strategy. The firm put a $10 price target on the stock. Shares closed the day up 4c to $9.53.
11:02 EDTLNVGYHP rises as split viewed as potential prelude to deals
Shares of HP (HPQ) are climbing after the company announced that it would split itself into two publicly traded companies. Analysts were mostly upbeat on the news and tech news website Re/code said that the two companies would be "in deal-making mode" following the split. WHAT'S NEW: HP this morning said it would split itself into two companies by the end of its fiscal 2015. One company will include HP's technology infrastructure, software and services businesses, to be known as "Hewlett-Packard Enterprise," while the other will include the company's PC and printing businesses and be called "HP Inc." Meg Whitman, who is currently the CEO of HP, will become CEO of Hewlett-Packard Enterprise and chairman of HP, Inc. ANALYST REACTION: Shareholders will likely view the move positively, as limited synergies exist between HP's enterprise business and its PC and printing business, Deutsche Bank analyst Sherri Scribner wrote. Moreover, the forward price to earnings ratio of the enterprises unit, whose margins are set to expand, are more likely to reach close to 11x following a split, in-line with the multiple of Xerox (XRX) and CSC (CSC), the analyst contended. Noting that HP remains one of the cheapest names in the S&P 500, Scribner kept a $40 price target and Buy rating on the shares. The split is "a bold and smart move" by HP that will give it the financial flexibility needed to sell off one or both of the PC and printing businesses, wrote Cantor analyst Brian White. The shareholders of EMC (EMC), which reportedly had been in discussions about merging with HP, would have difficulty accepting HP's printer and PC business, according to White. The analyst raised his price target on HP to $39 from $34.50 but kept a Hold rating on the stock. WHAT'S NOTABLE: Both Hewlett-Packard Enterprise and HP Inc. will "be in deal-making mode" after the split, Re/code stated. HP Inc. is likely to draw attention from both Dell and China's Lenovo (LNVGY), which were both approached by HP about a possible deal over the last year, the website stated. Meanwhile, Hewlett-Packard Enterprise could restart dormant merger talks with EMC, while Dell and Cisco (CSCO) could emerge as bidders and offer shareholders of both Hewlett-Packard Enterprise and EMC better terms, Re/code stated. However, Cisco has carried out a more conservative M&A strategy lately, while its CEO, John Chambers, who is preparing to retire soon, said the company would not be interested in buying EMC, Re/code noted. PRICE ACTION: In mid-morning trading, HP jumped 4.6% to $36.83, while shares of EMC were down fractionally.
08:10 EDTLNVGYArrow Electronics says now authorized distributor of Lenovo enterprise products
Arrow Electronics (RW) announced it is now an authorized North American Lenovo distributor System X and related solutions following the transition of IBM’s (IBM) System X server business to Lenovo (LNVGY) effective Oct. 1. Additionally, Lenovo’s ThinkServer rack servers, tower servers and enterprise storage product lines are available through Arrow. Future offerings from Lenovo through Arrow will include the low-end storage and associated networking products to be announced in the coming weeks.
06:38 EDTLNVGYSpun off HP companies could be takeover targets, Re/code says
After HP (HPQ) splits into two publicly traded companies, both of those companies could become takeover targets, according to Re/code. The PC and printing unit could interest Dell or Lenovo (LNVGY), while Hewlett-Packard Enterprises could merge with EMC (EMC) and/or become a target for Dell and Cisco (CSCO), the website stated. Reference Link
06:21 EDTGOOGMicrosoft 2015 solution may not help suppress Chromebook growth, DigiTimes says
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06:19 EDTLNVGYHP facing competition from Lenovo in PCs, servers, WSJ reports
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