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News For CSCO;JNPR;FFIV;INTC;MSFT From The Last 14 Days Check below for free stories on CSCO;JNPR;FFIV;INTC;MSFT the last two weeks. |
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| May 24, 2013 |
| 14:07 EDT |  | MSFT | Market poised to end week lower following Fed, China data
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| 12:27 EDT |  | MSFT | Microsoft to look to sell 25M additional Xbox 360s, The Verge reports
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| 08:56 EDT | | MSFT | Microsoft to receive percentage cut of Xbox One pre-owned sales, MCV says
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| May 23, 2013 |
| 17:54 EDT | | MSFT | Google loses bid to block imports of Xbox One, Bloomberg says
The ITC ruled that Microsoft's (MSFT) new Xbox One does not infringe patents held by Google's (GOOG) Motorola Mobility unit, preventing Google from getting imports of Xbox One to the U.S. blocked, reports Bloomberg. Reference Link |
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| 17:11 EDT |  | MSFT | Google loses bid to block U.S. imports of Microsoft's Xbox, Bloomberg reports
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| 14:46 EDT |  | MSFT | GameStop reported solid Q1 results but uncertainty remains, says Piper Jaffray
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| 11:51 EDT | | MSFT | GameStop says 'lots of rumors' out there about Microsoft Xbox One
GameStop says company, customers excited about Xbox One. |
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| 11:38 EDT | | MSFT | GameStop sees being able to leverage buy/sell/trade model with new consoles
GameStop (GME) says in communication with Microsoft (MSFT) about how used games and resale will be handled in respect to upcoming Xbox One. |
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| 11:22 EDT | | MSFT | GameStop believes next-gen consoles will have lower price points than last cycle
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| 11:09 EDT | | MSFT | GameStop says 'right in the middle' of opportunity presented by new consoles
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| 10:17 EDT | | INTC | Nokia Siemens Networks, Intel sign collaboration MoU
Nokia Siemens Networks (NOK, SI) and Intel (INTC) announced they signed a Memorandum of Understanding to collaborate around the development of Liquid Applications, an approach to accelerate the delivery of media-rich services and content directly from the base station. The intent of the collaboration is to accelerate development of an enhanced mobile broadband experience that gives operators new revenue and differentiation opportunities. Nokia Siemens Networks and Intel will collaborate in the creation of a mobile edge computing ecosystem, focusing on over-the-top content providers, independent software vendors and application service providers. The parties will also explore new business models between mobile operators and other ecosystem players, they said. |
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| 09:37 EDT |  | CSCO | Cisco to host a webcast
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| 08:31 EDT | | MSFT | Microsoft increasing cloud services in Japan, WSJ reports
In Japan, Microsoft is expanding capacity for its Windows Azure cloud computing services for businesses, as it bets on growing corporate IT spending in the country, reports the Wall Street Journal. Reference Link |
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| 07:41 EDT | | MSFT | Lenovo warns of tough first half but sees late year boosted by Win8, FT says
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| 06:30 EDT | | MSFT | Microsoft Windows 8 may take up 5%-8% of global tablet shipments, DigiTimes says
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| 06:01 EDT |  | CSCO | Stocks with implied volatility below IV index mean; CSCO MBI
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| 05:49 EDT | | CSCO | Cisco earnings upside could drives shares to $30, says Citigroup
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| 05:45 EDT | | MSFT | Big companies remove subsidiaries based on SEC disclosure rules, WSJ reports
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| May 22, 2013 |
| 11:52 EDT | | MSFT | Uncertainty surrounds GameStop after new Xbox revealed
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| 09:24 EDT | | MSFT | Microsoft CEO says to hire 'several thousand' in China, Bloomberg reports
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| 09:10 EDT | | INTC | Intel management to meet with Deutsche Bank
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| 08:53 EDT | | MSFT | GameStop has positive read through from Xbox launch, says Sterne Agee
Sterne Agee believes that GameStop (GME) will benefit from several aspects of the launch of the new version of Microsoft's (MSFT) Xbox, including the fact that it will accept new games and is launching this year instead of 2014 as some reports had suggested. The firm keeps a $46 price target and Buy rating on GameStop. |
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| 08:45 EDT | | MSFT | Microsoft Xbox very compelling, says Stifel
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| 07:41 EDT | | MSFT | PROS Holdings to host a conference
Outperform Europe 2013 is being held in Brussels, Belgium on May 22-23. |
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| 07:29 EDT | | MSFT | Xbox won't hurt pay TV companies in near-term, AllThingsD says
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| 07:24 EDT | | JNPR, INTC, CSCO, MSFT | NetEvents International to host a summit
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| 07:21 EDT | | INTC | MIT Sloan Alumni Club of Boston to hold a symposium
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| 07:12 EDT | | MSFT | GameStop may see pressure from used game uncertainty, says Piper Jaffray
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| May 21, 2013 |
| 15:40 EDT | | MSFT | GameStop off lows after Microsoft says Xbox One will allow resale of games
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| 15:39 EDT | | MSFT | Microsoft says Xbox One will allow resale, trade-in of games, Bloomberg says
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| 15:24 EDT | | MSFT | Microsoft Xbox One seems to restrict used games, Kotaku says
Microsoft's (MSFT) Xbox One won't require an "always-on" Internet connection, but could very well block used games, Kotaku said, based on a company response given to a question posed by Wired. The Fly notes that GameStop (GME) shares are down 4.75% to $36.92 in late day trade following Microsoft's Xbox One event. Reference Link |
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| 14:18 EDT | | MSFT | Electronic Arts announced EA Sports Ignite for Xbox One
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| 14:16 EDT | | MSFT | Microsoft announces Xbox One
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| 14:12 EDT | | MSFT | NVIDIA announces PhysX support for Microsoft Xbox One
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| 14:05 EDT | | MSFT | Microsoft, NFL in multiyear agreement
Microsoft and the National Football League announced a multiyear partnership that will deliver a unique, interactive NFL television experience for the next-generation Xbox One and leverage Microsoft devices and services to evolve the in-game, sideline experience for coaches, players and other personnel. The agreement provides Microsoft with the rights to create exclusive interactive experiences through products such as Xbox One and Surface. As part of the partnership, Surface by Microsoft branding will appear on NFL sidelines, including on the hoods of the official on-field NFL instant replay stations. As part of the relationship, Microsoft will be granted the following designations: Xbox remains "The Official Game Console of the NFL" and will also become "The Official Interactive Video Entertainment Console"; Microsoft is "The Official Sideline Technology Sponsor of the NFL"; Surface by Microsoft and Windows are "The Official Tablet and PC Operating System of the NFL." |
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| 13:54 EDT | | MSFT | Activision's Call of Duty downloadable content will come first to Xbox One
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| 13:50 EDT | | MSFT | Microsoft announces partnership with National Football League
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| 13:48 EDT | | MSFT | Microsoft announces live action Halo television series
Steven Spielberg to be involved with Halo series. |
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| 13:30 EDT | | MSFT | Electronic Arts says starting new strategic partnership with Microsoft
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| 13:24 EDT | | MSFT | Microsoft unveils 'Xbox One' featuring voice, gesture control
Microsoft says next-generation video game system, to be called "Xbox One," will be an all-in-one system for entertainment. Says newly redesigned Kinect will allow for voice and gesture control of device. Information from live blog of Xbox event. |
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| 13:08 EDT | | INTC | Intel CEO creates 'new devices' group, Reuters reports
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| 10:59 EDT | | MSFT | Microsoft to hold a company event
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| 09:48 EDT |  | MSFT | Microsoft breakout continues, levels to watch
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| 07:25 EDT | | MSFT | Microsoft price target raised to $40 from $33 at UBS
UBS believes Microsoft's shares can continue to move higher driven by improved earnings visibility, cloud momentum, a bottom in PC weakness, enterprise strength, and expectations for a seasonally strong 2H 2013. As a result, the firm reiterates its Buy rating and raised its price target to $40 from $33. |
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| 06:39 EDT | | MSFT | Microsoft to begin shipping volume shipments of new Xbox in Q3, Digitimes says
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| May 20, 2013 |
| 13:01 EDT | | CSCO | Cisco hits session lows, levels to watch
The shares are down nearly 2%, last at $23.76. At that price, next support is at $23.32. Resistance is at $24.34. |
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| 09:40 EDT | | CSCO | Active equity option families trading
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| 08:40 EDT | | MSFT | Barnes & Noble could rise above $30 a share, Barron's says
Barnes & Noble (BKS) shares are up about 15% since TechCrunch said Microsoft (MSFT) may pay $1B for its Nook e-reader business but the stock may have another 50% upside to $30 per share based on Barnes & Noble's asset value, contended Barron's in a report this weekend. Barron's, however, called the situation "admittedly tough to assess" because neither Microsoft nor B&N will comment on the purchase rumor. The Fly notes Barnes & Noble shares are up 4% to $20.80 in pre-market trading. Reference Link |
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| 08:10 EDT | | INTC | Intel management to meet with Deutsche Bank
Meeting to be held in Stockholm on May 20 hosted by Deutsche Bank. |
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| 07:42 EDT | | CSCO, MSFT | Cohasset Associates to host a conference
National Conference on Managing Electronic Records is being held in Chicago on May 20-22. |
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| 07:32 EDT | | MSFT, INTC | Society for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24. |
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| 07:32 EDT | | INTC | Society for Information Display / IHS to host a conference
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| May 19, 2013 |
| 18:59 EDT | | INTC, MSFT, CSCO | Cisco looks the best out of tech comeback stocks, Barron's says
Cisco (CSCO), Intel (INTC), and Microsoft (MSFT) stocks have jumped this month, however, Intel and Microsoft's revenue growth declined, due to their reliance on the PC market, providing Cisco with an opportunity to pull ahead in the technology sector, Barron's contends in its Technology Trader column. Cisco looks moderately priced, the paper adds. Reference Link |
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| 14:49 EDT | | MSFT | Microsoft set to unveil new Xbox amid stiff competition, Reuters says
Facing stiff competition from Sony's (SNE) PlayStation 4 and the Wii U by Nintendo (NTDOY), Microsoft (MSFT) is set to unveil its new Xbox game console, says Reuters. Reference Link |
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| May 17, 2013 |
| 16:00 EDT | | CSCO | Options Update; May 17, 2013
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| 14:03 EDT | | CSCO | Market set to finish week with gains after Cisco results, comments
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| 11:59 EDT | | CSCO | Options with decreasing implied volatility: ILMN LO A HES INFY CSCO
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| 10:17 EDT | | MSFT | Microsoft continues its quiet stealth rally, levels to watch
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| 08:29 EDT | | MSFT | JPMorgan's business and information services analyst holds a conference call
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| 07:35 EDT |  | CSCO | Aruba Networks downgraded to Hold from Buy at Stifel
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| 06:35 EDT | | CSCO | Stocks with implied volatility below IV index mean; CSCO MBI
Stocks with implied volatility below IV index mean; Cisco (CSCO), MBIA (MBI) according to IVolatility. |
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| May 16, 2013 |
| 16:29 EDT | | CSCO | On The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47. |
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| 14:01 EDT | | CSCO | Options Update; May 16, 2013
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| 13:40 EDT | | INTC | Intel CFO Smith says staying with the company, CNBC reports
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| 12:24 EDT | | CSCO | On The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80. |
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| 11:19 EDT | | FFIV | F5 Networks spikes higher following Cisco's results, levels to watch
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| 10:44 EDT | | CSCO | Cisco results give boost to semiconductor names
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| 10:25 EDT | | MSFT | Microsoft discussing 'glasses' tech with Vuzix, NY Post says
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| 09:48 EDT | | CSCO | Cisco gaps up and spikes higher in early trading following results
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| 09:36 EDT | | CSCO | Active equity option families trading on open
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| 09:19 EDT | | CSCO | On The Fly: Pre-market Movers
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| 09:04 EDT | | CSCO | Cisco results positive for semiconductors space, says Brean Capital
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| 09:00 EDT | | CSCO | Cisco rises 12.9%
Cisco is up 12.9%, or $2.73, to $23.94 |
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| 08:18 EDT | | CSCO | Cisco price target raised to $28 from $25 at Goldman
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| 08:14 EDT | | CSCO | Cisco price target raised to $27 from $25 at FBN Securities
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| 08:14 EDT | | CSCO | BofA/Merrill's tech analysts hold an analyst/industry conference call
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| 08:13 EDT | | CSCO | Cisco shares should rise further, says Sterne Agee
Sterne Agee believes that Cisco outlined a more upbeat outlook after the company reported Q3 results that the firm views as strong and provided in-line Q4 EPS guidance. The firm keeps a Buy rating on the stock. |
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| 08:00 EDT | | JNPR | Juniper management to meet with ISI Group
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| 07:15 EDT | | CSCO | Cisco execution, environment improving, says RBC Capital
After Cisco reported stronger than expected Q3 results, RBC Capital believes that the company's business has rebounded. The firm thinks the company's Q4 guidance was better than feared, and it keeps an Outperform rating on the stock. |
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| 07:07 EDT | | CSCO | Cisco results positive for communications semi space, says William Blair
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| 07:02 EDT | | MSFT | YouTube demands that Microsoft pull YouTube app, The Verge reports
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| 06:23 EDT | | MSFT | Microsoft second-generation Surface to be between $249-$299, DigiTimes says
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| 06:23 EDT | | CSCO | Cisco price target raised to $26 from $24 at Wunderlich
Wunderlich raised its price target for Cisco following the company's better than expected Q3 results and continues to recommend the stock with a Buy rating. |
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| 06:21 EDT | | MSFT | Microsoft to launch 8-inch Surface in June, Digitimes says
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| 05:59 EDT | | MSFT, INTC | High tech firms involved in immigration battle, WSJ reports
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| May 15, 2013 |
| 19:34 EDT | | CSCO | On The Fly: After Hours Movers
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| 17:15 EDT | | CSCO | Cisco up $1.82, or 8.58%, to $23.03 as Q3 conference call continues
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| 17:09 EDT | | MSFT | Greenlight gives quarterly update on stakes
NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG). |
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| 16:58 EDT | | CSCO | Cisco sees Q4 non-GAAP gross margins to be approximately 61%-62%
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| 16:55 EDT | | CSCO | Cisco continues to see company specific challenges in China
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| 16:54 EDT |  | CSCO | Cisco sees Q4 EPS 50c-52c, consensus 51c
Sees Q4 revenue growth 4%-7% YoY, consensus $12.5B. Guidance taken from company's Q3 earnings conference call. |
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| 16:51 EDT | | CSCO | Cisco says Q3 public sector business grew 5%
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| 16:46 EDT | | CSCO | Cisco sees SP CapEx spending continuing to be challenged
This information is from the company's Q3 earnings conference call. |
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| 16:42 EDT | | CSCO | Cisco reports Q3 total non-GAAP gross margin 63% vs.63.1%
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| 16:41 EDT | | CSCO | Cisco Q3 services revenue grew 7%
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| 16:09 EDT | | CSCO | Cisco Q3 cash flows from operations $3.1B vs. $3B a year ago
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| 16:09 EDT | | CSCO | Cisco trades higher after results, first look
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| 16:08 EDT | | MSFT | Google sites lead U.S. April searches with 66.5% of searches, comScore says
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| 16:06 EDT | | CSCO | Cisco reports Q3 EPS 51c, consensus 49c
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| 15:11 EDT | | CSCO | Notable companies reporting after market close
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| 13:26 EDT | | MSFT | Microsoft to grow tablet sales outlets by about 50% in Japan, Nikkei says
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| 12:47 EDT | | CSCO | Earnings Preview: Cisco shares moving in narrow range ahead of Q3 report
Cisco (CSCO) is set to report Q3 earnings after the market closes on Wednesday, May 15, with a conference call scheduled for 4:30 pm ET. Cisco manufactures and sells IP-based networking products and services. EXPECTATIONS: Analysts are looking for EPS of 49c on revenue of $12.18B, according to First Call. The consensus range for EPS is 47c-51c on revenue of $12.05B-$12.29B. On its Q2 earnings conference call, the company said it sees Q3 adjusted EPS 48c-50c on revenue growth of 4%-6% year-over-year. The company also said it sees Q3 adjusted gross margin approximately 61%-62%, and non-GAAP operating margin of 26.5%-27.5%. LAST QUARTER: Cisco reported Q2 EPS of 51c against estimates for 48c on revenue of $12.1B against estimates for $12.06B. In mid-March, Cisco was found not to have infringed patents held by VirnetX (VHC), and on March 22, Bloomberg reported that Cisco was ordered to pay $70M in fraud damages to XpertUniverse. On March 28, the company announced a 3c increase in its dividend to 17c per share. On April 3, Cisco announced its intent to acquire Ubiquisy, a provider of 3G and LTE small-cell technologies, for $310M, and the transaction is expected to close in Q4. STREET RESEARCH: Street research has been mixed on Cisco, with shares of the company losing more than 3% on March 21 following a downgrade to Underperform from Market Perform at FBR Capital. With its March 21 downgrade, FBR cut its price target on shares of Cisco to $17 from $22, saying the company would be challenged to offset declining routing and switching demand. Earlier this week, however, FBR reversed its March call, upgrading Cisco to Market Perform from Underperform and bumping its price target to $19. Earlier this week, Piper Jaffray said it expects Cisco to report Q3 EPS in-line with estimates, though the firm lowered its revenue estimates for the company. In its note, Piper said macro headwinds will offset favorable data center and switching demand, leaving Cisco with a mixed Q3 report, though the firm reiterated its Overweight rating and $25 price target on shares. Coverage on Cisco shares was also initiated by at least two firms during the quarter, with Cowen initiating coverage with an Outperform rating earlier this month and Northland Securities initiating coverage on Cisco with an Outperform rating and a $25.50 price target the day after Cisco's Q2 report. PRICE ACTION: Shares of Cisco have traded in a narrow range between $20-$22 per share since its Q2 report, gaining a scant 0.4%. Shares of Cisco, which are up about 8% year-to-date, are near flat in afternoon trading ahead of its Q3 report. |
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| 11:37 EDT | | MSFT | Microsoft replacing Xbox points with gift cards, currency, The Verge reports
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| 08:33 EDT | | CSCO | Cisco May volatility elevated into Q3 and outlook
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| 07:38 EDT | | MSFT | Microsoft has numerous potential catalysts, says Stifel
Stifel names the release of Windows 8.1, a stabilization of the PC market, and the launch of Windows devices costing less than $500 as potential catalysts for Microsoft. The firm raised its price target on the shares to $38 from $36 and keeps a Buy rating on the stock. |
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| May 14, 2013 |
| 15:36 EDT | | MSFT | Microsoft confirms Windows 8.1 update scheduled for June 26
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| 07:27 EDT | | MSFT | Nokia introduces Lumia 925 with metal body, PureView camera
Nokia (NOK) introduced the Nokia Lumia 925, which introduces a metal design and includes the most advanced lens technology and next generation imaging software for clearer, sharper pictures and video, including the best low light images. The Nokia Lumia 925 also introduces the new Nokia Smart Camera mode, coming as an update to all Lumia Windows Phone 8 smartphones. The Lumia 925 is being introduced into Europe with Vodafone (VOD), along with other operator and retail partners. In addition to Europe, the Nokia Lumia 925 will be introduced into the US by T-Mobile (TMUS) and into China by China Mobile (CHL) and China Unicom (CHU). Sales are expected to start in the U.K., Germany, Italy, Spain and China in June, followed by the U.S. and a number of other markets. |
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| 05:53 EDT | | MSFT | Web browsers are being reinvented, WSJ reports
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| May 13, 2013 |
| 16:25 EDT | | MSFT | On The Fly: Closing Wrap
Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77. |
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| 14:24 EDT | | MSFT | Barnes & Noble tumbles after blog pans potential Nook deal
Shares of Barnes & Noble (BKS) are sinking after website Insider Monkey stated that Microsoft (MSFT) doesn't plan to buy the book retailer's NOOK Media unit in the near future. Last Thursday another website, TechCrunch, reported that Microsoft was considering acquiring NOOK Media, which includes NOOK devices and other digital businesses, for $1B. WHAT'S NEW: "Nothing imminent is happening" between Microsoft and NOOK, Insider Monkey quoted a "highly placed source" at Microsoft as saying. TechCrunch's story was "only a rumor," the unnamed source added, according to Insider Monkey. WHAT'S NOTABLE: Microsoft has already invested $300M in NOOK Media in exchange for a stake of about 17% in the unit. The New York Times last week quoted a source as saying that the TechCrunch story was based on valid documents, but that they appeared to be at least several weeks old. The book retailer's stock surged over 20% on Thursday after TechCrunch published its story. TODAY'S PRICE ACTION: In mid-afternoon trading, Barnes & noble fell $2.90, or 12.40%, to $20.40. |
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| 13:38 EDT | | MSFT | Microsoft, Barnes & Noble NOOK deal unlikely, InsiderMonkey says
A report by InsiderMonkey, citing a "highly placed source inside Microsoft (MSFT)," says reports last week that Microsoft may look to acquire buy Barnes & Noble's (BKS) NOOK Media assets were only a rumor, with the source adding that "[Microsoft] has no intention of acquiring the NOOK unit." Shares of Barnes & Noble, which had been flat for the session, are now sharply lower, down $2.86, or 12.17%, to $20.45. Reference Link |
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| 10:09 EDT |  | CSCO | On The Fly: Analyst Upgrade Summary
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| 07:34 EDT | | CSCO | Cisco upgraded to Market Perform from Underperform at FBR Capital
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| 07:31 EDT | | CSCO | Brightcover to host a conference
3rd Annual Brightcove PLAY Global Customer Conference is being held in Boston on May 13-15. |
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| 07:30 EDT | | INTC | TechConnect to host a summit
2013 National Innovation Summit is being held in Washington, D.C. on May 12-16. |
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| 07:09 EDT | | CSCO, JNPR | Cisco finds difficulties as it diversifies, WSJ reports
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| 07:04 EDT | | CSCO | Cisco May volatility elevated at 59 into Q3 and outlook
Cisco May call option implied volatility is at 59, June is at 28, July is at 25; compared to its 26-week average of 26 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results after the market close on May 15. |
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| 07:02 EDT | | CSCO | Cisco Q3 results likely to be mixed, says Piper Jaffray
Piper Jaffray expects Cisco to report in-line Q3 earnings and margins on May 15, but lowered its revenue estimate for the quarter as it believes demand in April was challenging. However, the firm sees limited share downside from current levels and reiterates an Overweight rating on the stock with a $25 price target. |
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| 06:05 EDT | | CSCO, JNPR | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: U.S. companies are on track to raise the most money through IPOs since before the financial crisis, driven by the same thirst for risk among investors that has pushed the stock market to new highs. Already this year, 64 U.S.-listed public offerings have raised $16.8B, according to Dealogic, the Wall Street Journal reports...Cisco Systems (CSCO) shares fell this time last year after executives warned their biggest corporate customers were ordering less equipment. If history repeats itself this week, the networking giant will join a dreary but growing club (IBM, JNPR), the Wall Street Journal reports...REUTERS: Japan's Nikkei share average surged to a new 5-1/2-year high today as the weakening yen further bolstered exporters, while brokerage shares attracted buyers who see growing volume bringing in much more fee income, Reuters reports...China's factory output growth was surprisingly muted in April, darkening the outlook for the Chinese economic recovery and feeding expectations that the government may take policy action to support activity. Annual industrial output grew 9.3%, up from 8.9% in March but still missing market expectations for a 9.5%, Reuters reports...BLOOMBERG: Wall Street’s major bond dealers are beginning to forecast that the Treasury Department will lower the size of its debt auctions in coming months for the first time in three years as government revenue soars, Bloomberg reports...The largest overseas bet on Indian consumers is spurring speculation that companies from Nestle (NSRGY) to Colgate-Palmolive (CL) will pursue more deals in a nation where household income is forecast to triple this decade, Bloomberg reports. |
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| 05:53 EDT | | MSFT | U.K. game industry experiences a revival, WSJ reports
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