| Wed, May 22, 2013 |
| 07:52 PM |
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HP’s Whitman Talks of Dell ‘Cratering’ Its Financials, And the DNA of Productivity
Following this afternoon’s report by Hewlett-Packard (HPQ) of fiscal Q2 revenue that missed expectations and profit per share that beat, and a higher-than-expected forecast for this quarter, CEO Meg Whitman was kind enough to talk with me by phone this evening. The shares have rocketed in after hours, currently up $2.88, or almost 14%, at [...]
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| 05:41 PM |
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HP Soars 14%: A Look at Operating Margins in Pictures
Shares of Hewlett-Packard (HPQ) are up $2.93, or almost 14%, at $24.16, in late trading, after the company reported fiscal Q2 revenue that missed analysts’ estimates, but beat on the bottom line by 7 cents, and projected this quarter’s profit above consensus, and raised the bottom end of its year profit view, again, above consensus. [...]
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| 04:42 PM |
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Synopsys Rising: FYQ2 Beats; Q3 View Light, Year View In Line
Shares of electronic design software maker Synopsys (SNPS) are up $1.25, or 3.5%, at $36.65, after the company this afternoon reported fiscal Q2 revenue and profit per share that topped analysts’ estimates, forecast this quarter’s results below consensus, and the full year in line with expectations. Revenue in the three months ended in April rose [...]
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| 04:11 PM |
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Workday FYQ1 Rev, Net Loss Beat, Q2 Rev View In Line, Shares Rise
Hosted software vendor Workday (WDAY) this afternoon reported fiscal Q1 revenue above analysts’ expectations, and a net loss that was smaller than expected, and forecast this quarter’s revenue in line with consensus. Revenue in the three months ended in April rose to $91.6 million, yielding a net loss of 15 cents. Analysts had been modeling [...]
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| 04:07 PM |
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HP Jumps 12%: FYQ2 Revenue Misses, EPS Beats; Q3, Year EPS Views Beat
Hewlett-Packard (HPQ) this afternoon reported fiscal Q2 revenue that missed analysts’ estimates, and profit per share above consensus, and offered a profit outlook slightly above what the Street has been looking for. Revenue in the three months ended in April fell 10%, year over year, to $27.6 billion, yielding EPS of 87 cents. Analysts had [...]
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| 03:26 PM |
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Clearwire: Shareholder Group Says Sprint $3.40 Bid Still Too Low
Following yesterday’s announcement by Sprint-Nextel (S) that it raised its bid to acquire the other half of broadband wireless partner Clearwire (CLWR) to $3.40 from $2.97, several large holders today say it’s still not high enough. Mount Kellett Capital Management LP, Highside Capital Management, L.P., Glenview Capital Management, LLC, and Chesapeake Partners Management Co., today [...]
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| 03:14 PM |
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AMD: Jefferies, Raymond James Like PS4, Xbox Prospects, Even on Muted Uptake
Shares of Advanced Micro Devices (AMD) are down 3 cents, or 0.8%, at $3.99, giving up earlier gains following yesterday’s confirmation that its chips will be used in Microsoft’s (MSFT) next Xbox game machine, the “Xbox One,” due out later this year. The announcement heartened several bulls on the shares, given what is expected to [...]
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| 03:02 PM |
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Solar City: Raymond James Likes ‘the Story,’ But Slams Valuation
CNBC‘s Herb Greenberg a short while ago led a discussion with Raymond James analyst Pavel Molchanov, who has a Hold rating on shares of solar energy technology provider Solar City (SCTY), and who today issued some negative remarks about the stock to clients. Molchanov had nice things to say about the company, whose board is [...]
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| 01:54 PM |
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Microsoft: Barclays Ups Target to $35; Support, But Rally’s Over
Following Microsoft‘s (MSFT) unveiling yesterday of its long-awaited update to the Xbox game console, the “Xbox One,” and a 30% run-up in the stock this year, Barclays Capital’s Raimo Lenschow today reiterates an Equal Weight rating on the stock, warning investors to “expect the end of the rally,” although he also raised his price target [...]
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| 01:06 PM |
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HPQ FYQ2 Rev Likely Missed, Says Bernstein; Kudos for Apple’s Cook
Bernstein Research‘s Toni Sacconaghi was on CNBC‘s “Fast Money: Half Time Report” a short while ago, debating what to expect from Hewlett-Packard (HPQ) tonight, on its fiscal Q2 report, and beyond. Sacconaghi, who has an Overweight rating on HP shares, and a $29 price target, sees a big miss on revenue, relative to Street consensus [...]
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| 12:33 PM |
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Apple: Morgan Stanley Sees Upside in June Q iPhone Sell-Through
Morgan Stanley’s Katy Huberty today offers up the first installment of what she calls the firm’s “AlphaWise smartphone tracker,” a monthly survey of sell-through data for Apple (AAPL) and Samsung Electronics (005930KS) handsets, writing that Samsung has “strong momentum” and that Apple is poised to surprise low expectations. Relying on an approach of her colleague [...]
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| 11:53 AM |
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BlackBerry: Paribas Cuts to Sell on Gradual Decline of Services Revenue
Analyst Alexander Peterc of Exane BNP Paribas today cuts his rating on shares of BlackBerry (BBRY) to Underperform from Neutral, although he raised his price target to $10 from $7, after trimming estimates, writing that the company’s transition is threatened by the “disappearance of legacy profit pools” in the smartphone industry. BlackBerry shares are down [...]
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| 11:08 AM |
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Uni-Pixel: Sell-Off on Rumors Overdone, Says Cowen, Position Intact
Cowen & Co.’s Rob Stone this morning reiterates an Outperform rating on shares of touch sensor technology maker Uni-Pixel (UNXL), writing that the 26% plunge in the shares Friday was “significantly overdone,” prompted, he thinks, by a product delay that doesn’t change the company’s fundamental advantages. Responding to rumors on Friday that a delay in [...]
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| 10:40 AM |
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This Morning: NetApp Rising, Expanding Xbox, Sony Strategizes
Here are some things going on this morning in your world of tech: Shares of Microsoft (MSFT) are down 40 cents, or 1%, at $34.45, as the Street digests yesterday’s announcement by the company of the next Xbox video game console, “Xbox One.” Brad Reback, who follows Microsoft for Stifel Nicolaus, this morning writes ” [...]
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| Tue, May 21, 2013 |
| 04:38 PM |
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Intuit Rising: FYQ3 EPS Beats, Q4 View Light
Shares of business and consumer finance software provider Intuit (INTU) are up 26 cents, or half a percent, at $58.15, after the company this afternoon reported fiscal Q3 revenue in line with analysts’ expectations, profit that beat consensus, and a forecast for this quarter lower than had been expected. Revenue in the three months ended [...]
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| 04:27 PM |
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ADI FYQ2 In Line, Q3 View Light
Shares of chip maker Analog Devices (ADI) are down 81 cents, or 1.7%, at $45.75 in late trading after the company this afternoon reported fiscal Q2 revenue that slightly missed expectations, delivered profit per share in line with consensus, and forecast this quarter’s revenue and profit below expectations. Revenue in the three months ended in [...]
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| 04:22 PM |
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NetApp FYQ4 EPS Beats; Q1 View Light; Starts Dividend
Shares of enterprise storage and networking vendor NetApp (NTAP) are up 77 cents, or 2%, at $37.40, in late trading, after the company this afternoon reported fiscal Q4 revenue that missed analysts’ estimates slightly, forecast this quarter’s results below consensus, raised its buyback plan, commenced a quarterly dividend, and said it would lay off 900 [...]
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| 03:47 PM |
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DDD: Piper Ups Target to $52 on RPDG Buy
Shares of 3-D printing technology developer 3D Systems (DDD) get another thumbs up today, this time from Troy Jensen of Piper Jaffray, who reiterates an Overweight rating and raises his price target to $52 from $42, after adjusting estimates to reflect the company’s recent acquisition of startup Rapid Product Development Group, a services provider, sannounced [...]
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| 02:25 PM |
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MSFT Slips: Announces ‘Xbox One,’ Revamped ‘Kinect’
Microsoft (MSFT) shares are down 5 cents at $35.03 after the company a short while ago held a media event at which it unveiled “Xbox One,” the latest version of its video game console, and a raft of supporting announcements. Supporting materials from the announcement were posted by Microsoft on its Xbox Wire Web site. [...]
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| 01:34 PM |
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Apple Testifies: ‘You Shifted Your Golden Goose, It’s Not Right,’ Says Levin
Apple (AAPL) CEO Tim Cook‘s offered his testimony on Capitol Hill, before the U.S. Senate Permanent Subcommittee on Investigations, regarding tax policy and overseas earnings, followed by questions from the Senators. Apple shares are down $1.11 at $441.82 following the first round of questions put to Cook. You can follow the testimony live on the [...]
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| 01:14 PM |
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Apple Testifies: It’s Harder for You than for Samsung, Portman Tells Cook
Apple (AAPL) CEO Tim Cook‘s offered his testimony on Capitol Hill, before the U.S. Senate Permanent Subcommittee on Investigations, regarding tax policy and overseas earnings, followed by questions from the Senators. Apple shares are down $1.11 at $441.82 following the first round of questions put to Cook. You can follow the testimony live on the [...]
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| 11:46 AM |
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Apple CEO Cook: ‘We’re an American Company,’ ‘We Don’t Stash Cash’
Apple (AAPL) CEO Tim Cook‘s is commencing his testimony on Capitol Hill, before the U.S. Senate Permanent Subcommittee on Investigations, regarding tax policy and overseas earnings. Following an hour and a half of discussion between Senators and tax policy experts from academia, Cook was sworn in and began his testimony stating the Apple is “emphatically [...]
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| 11:39 AM |
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Microsoft: UBS Ups Target to $40 on Five Things that Could Move Stock Higher
Shares of Microsoft (MSFT) today are down 15 cents, or 0.4%, at $34.93, in advance of a media event at 1 pm today, when the company is expected to unveil its next model of Xbox game console. The stock today gets another thumbs up from the Street, with UBS’s Brent Thill reiterating a Buy rating [...]
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| 11:06 AM |
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Apple: Semi Costs, Shift in Display Tech Threaten Margins, Says Jefferies
Shares of Apple (AAPL) are down $8.09, or 1.8%, at $434.84, as CEO Tim Cook awaits his turn to testify before the U.S. Senate Permanent Subcommittee on Investigations regarding taxation of overseas profits. In the meantime, Jefferies & Co.’s Peter Misek this morning reiterated a Hold rating on Apple shares, and a $420 price target, [...]
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| 09:54 AM |
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This Morning: CLWR Catches a Higher Bid, Mr. Cook Goes to Washington, MSFT Rising
Here are some things going on this morning in your world of tech: Sprint-Nextel (S) this morning raised its bid to acquire the 50% of its broadband wireless partner, Clearwire (CLWR), that it doesn’t already own, offering $3.40 per Clearwire share, above the $2.97 it previously bid. Clearwire shares were up 20 cents, or 6%, [...]
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| Mon, May 20, 2013 |
| 05:20 PM |
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Yahoo! Media Event: ‘Making Flickr Awesome Again’ with 1TB Storage
Yahoo! (YHOO) CEO Marissa Mayer is holding court at 2 Times Square in New York, where the topic is “How we can make Flickr awesome again,” referring to the company’s photo-sharing service. Mayer offered some brief remarks about the morning’s announcement of its intended $1.1 billion acquisition of image-sharing service Tumblr. She then said the [...]
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| 04:53 PM |
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CRM Morgan Stanley Top Pick in Lackluster Software Landscape
Morgan Stanley software analyst Keith Weiss this afternoon offers his impressions after reviewing industry results for Q1, concluding that application software has been doing better than infrastructure software, of late, and that a “low bar” is set for results this quarter. Writes Weiss, who covers outfits such as Adobe Systems (ADBE), Autodesk (ADSK), Brightcover (BCOV), NetSuite [...]
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| 04:38 PM |
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CSCO, JNPR, EMC: Storage, Networking Suffer from ‘Transition,’ Says Oppenheimer
Oppenheimer & Co.‘s Ittai Kidron late on Friday issued the only issued the only Street sell-side research to cite French playwright Molière, as far as I can see. The note was published to clients this morning by Oppenheimer. Kidron, who follows outfits such as Cisco Systems (CSCO) Juniper Networks (JNPR), and EMC (EMC), compares investors’ worries [...]
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| 04:12 PM |
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TIVO Rising: FYQ1 Net Loss Beats, Q2 View In Line
Shares of TiVo (TIVO) are up 16 cents, or 1.3%, at $12.82, in late trading, after the company this afternoon reported fiscal Q1 revenue that slightly missed analysts’ expectations, but delivered a better-than-feared net loss. Revenue in the three months ended in April rose to $61.8 million, yielding a net loss of 9 cents. The [...]
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| 03:33 PM |
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Apple Offers CEO Cook’s Tax Remarks; Will Pay $7B in Taxes This Year
In advance of Apple (AAPL) CEO Tim Cook‘s appearance before the U.S. Senate Permanent Subcommittee on Investigations tomorrow, to discuss overseas cash holdings and tax policy, Apple a short while ago posted Cook’s prepared testimony. Among the points Cook makes are that Apple has created jobs: Apple has been a powerful engine of job creation in [...]
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