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726400.0
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2013-07-24 00:00:00 UTC
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Pre-Market Most Active for Jul 24, 2013 : DELL, F, SRPT, MFB, ING, BRCM, AZN, BAC, CAT, AAPL, TTHI, QQQ
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-jul-24-2013-dell-f-srpt-mfb-ing-brcm-azn-bac-cat-aapl-tthi-qqq-2013
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 20.63 to 3,052.03. The total Pre-Market volume is currently 10,145,030 shares traded.
The following are the most active stocks for the pre-market session :
Dell Inc. ( DELL ) is +0.22 at $13.10, with 25,070,447 shares traded. DELL's current last sale is 95.97% of the target price of $13.65.
Ford Motor Company ( F ) is +0.52 at $17.46, with 2,474,121 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2013. The consensus EPS forecast is $0.37. RTT News Reports: Ford Q2 Profit Rises - Quick Facts
Sarepta Therapeutics, Inc. ( SRPT ) is -2.84 at $43.59, with 1,663,881 shares traded. As reported by Zacks, the current mean recommendation for SRPT is in the "buy range".
Maidenform Brands, Inc. ( MFB ) is +4.22 at $23.31, with 1,057,869 shares traded. MFB's current last sale is 115.11% of the target price of $20.25.
ING Group, N.V. ( ING ) is +0.13 at $10.26, with 840,647 shares traded. As reported by Zacks, the current mean recommendation for ING is in the "strong buy range".
Broadcom Corporation ( BRCM ) is -2.93 at $28.90, with 683,958 shares traded. As reported by Zacks, the current mean recommendation for BRCM is in the "buy range".
Astrazeneca PLC ( AZN ) is +0.26 at $51.12, with 495,500 shares traded. AZN's current last sale is 104.71% of the target price of $48.82.
Bank of America Corporation ( BAC ) is +0.06 at $15.00, with 477,721 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.29. BAC's current last sale is 107.14% of the target price of $14.
Caterpillar, Inc. ( CAT ) is -0.83 at $84.69, with 313,973 shares traded. RTT News Reports: Caterpillar Q2 Profit Decreases; Revises 2013 Outlook - Quick Facts
Apple Inc. ( AAPL ) is +20.01 at $439.00, with 232,032 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Transition Therapeutics, Inc. ( TTHI ) is +0.76 at $4.73, with 220,646 shares traded. TTHI's current last sale is 237.69% of the target price of $1.99.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.68 at $74.94, with 153,779 shares traded. This represents a 22.23% increase from its 52 Week Low.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.22 at $13.10, with 25,070,447 shares traded. DELL's current last sale is 95.97% of the target price of $13.65. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2013.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.22 at $13.10, with 25,070,447 shares traded. DELL's current last sale is 95.97% of the target price of $13.65. RTT News Reports: Ford Q2 Profit Rises - Quick Facts Sarepta Therapeutics, Inc. ( SRPT ) is -2.84 at $43.59, with 1,663,881 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.22 at $13.10, with 25,070,447 shares traded. DELL's current last sale is 95.97% of the target price of $13.65. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2013.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.22 at $13.10, with 25,070,447 shares traded. DELL's current last sale is 95.97% of the target price of $13.65. The NASDAQ 100 Pre-Market Indicator is up 20.63 to 3,052.03.
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c2104fbc-c316-4a90-99c5-a2e68d72ca3c
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726401.0
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2013-07-22 00:00:00 UTC
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Apple Inc. Will Regret Throwing Its Suppliers Under the Bus
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DELL
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https://www.nasdaq.com/articles/apple-inc-will-regret-throwing-its-suppliers-under-bus-2013-07-22
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nan
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nan
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Eighteen months ago, Apple ( AAPL ) joined the Fair Labor Association and released the names of its suppliers. It was an unexpected move by new CEO Tim Cook. Under Steve Jobs, the company had cultivated close and often monogamous relationships with its Asian suppliers and had kept quiet about them. When Foxconn (TPE:2354) suffered a rash of suicides in 2010 and iPhone 4 supply problems later that year, Apple stood by its manufacturer but said little. Their partnership was based on trust - a prized quality in China, and better protection than any contract - which required that neither company do anything that might jeopardize the other's business.
The first sign of change came in mid-2011, when Cook (as acting CEO) began to diversify Apple's supply chain, sending some iPhone assembly to one of Foxconn's competitors, Pegatron (TPE:4938). Then, after Apple's suppliers' names were released in January 2012, the New York Timesled a wave of critical investigations into working conditions. Apple fought the bad PR by initiating an independent audit of several Foxconn facilities - in essence, throwing its supplier under the bus.
Predictably, the developing world manufacturer failed to live up to developed world standards, and it was forced to make damaging concessions. CEO Steve Gou promised that Foxconn would double wages by the end of 2013 and cut overtime hours by more than half. Many workers were unhappy ; they were there to make money, they said, and they seemed to realize better than anyone how these changes threatened an ecosystem that everyone depended upon.
Working conditions aside, Apple also tried to clean up its suppliers in other ways. A coalition of environmental NGOs issued a report last January stating that "(i)n 2012, Apple went from being evasive and in denial to a point where they are now working with different stakeholders to push suppliers to correct environmental problems." This included a system of audits throughout the supply chain and a general move toward transparency.
And then the iPhone 5 was released. It was a smash hit, selling 5 million units in the first weekend - and suffering from supply problems almost immediately. Foxconn complained that the device was complicated and difficult to assemble, and customers complained about receiving scuffed and scratched units. Having pushed for more humane working conditions, Apple now demanded more supply. Workers came under pressure, and in early October, several thousand went on strike after being forced to work during the national holiday. The problem was overtime; workers expected it in return for giving up their vacations, but Foxconn had promised critics that it would reduce overtime hours. The company solved this Gordian Knot by simply pretending that the holiday didn't exist .
The situation wasn't helped by a labor shortage that had plagued Foxconn throughout the second half of 2012. The shortage was often blamed on the manufacturer's bad press, but employees offered a different explanation. In December 2012, the Wall Street Journal reported that "a majority... work 10 to 15 overtime hours and would prefer more, having left their distant homes to make money." One worker argued that, in the face of further overtime limits, "a lot of the more experienced people from technology production lines will leave."
Tim Cook's gambit turned out to be a bad one. Transparency resulted in even worse press, and it's likely that shorter working hours played a role in the iPhone 5's short supply. A third source of friction was money; Foxcon and Apple agreed to share the costs of workplace improvements. Neither company has elaborated on these subsidies, but they loom large in Apple's recent decision to send more manufacturing to Pegatron, which is reported to have secured the contract for the next-generation iPad Mini and a (rumored) budget iPhone. The Journal notes that "Foxconn's cost advantages from scale have waned as it works to improve factory conditions... (Pegatron) has largely escaped the laserlight focus that has forced Foxconn to increase wages and make changes to its labor practices."
So much for trust. Today, Foxconn is looking for a life beyond Apple. The company has diverged into television sets and smartwatches and is threatening to enter the mobile phone business on its own.
This divorce spells trouble for Apple. Cupertino's close relationships with its suppliers not only ensured a high standard of quality control, but they also allowed it to design better products. Foxconn was guaranteed Apple's business, so it had no qualms about structuring itself around Apple's needs. The iPhone-maker benefitted from the cost savings of outsourcing while maintaining all the advantages of a dedicated manufacturing facility. A diversified supply chain might reduce costs further but will also dent the effectiveness of Apple's design teams - a trade-off that Hewlett-Packard ( HPQ ) and Dell ( DELL ) made years ago... and that they now probably regret. Perhaps worse, Apple now finds itself with one less friend, in a part of the world where friends are everything.
Also see:
What's Next for Tesla Motors? 7 Expert Investors Make Predictions
The Nintendo Cult Lives
Global Heat Map Shows Where People Tweet From iPhones Vs. Androids
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A diversified supply chain might reduce costs further but will also dent the effectiveness of Apple's design teams - a trade-off that Hewlett-Packard ( HPQ ) and Dell ( DELL ) made years ago... and that they now probably regret. The first sign of change came in mid-2011, when Cook (as acting CEO) began to diversify Apple's supply chain, sending some iPhone assembly to one of Foxconn's competitors, Pegatron (TPE:4938). In December 2012, the Wall Street Journal reported that "a majority... work 10 to 15 overtime hours and would prefer more, having left their distant homes to make money."
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A diversified supply chain might reduce costs further but will also dent the effectiveness of Apple's design teams - a trade-off that Hewlett-Packard ( HPQ ) and Dell ( DELL ) made years ago... and that they now probably regret. The first sign of change came in mid-2011, when Cook (as acting CEO) began to diversify Apple's supply chain, sending some iPhone assembly to one of Foxconn's competitors, Pegatron (TPE:4938). Predictably, the developing world manufacturer failed to live up to developed world standards, and it was forced to make damaging concessions.
|
A diversified supply chain might reduce costs further but will also dent the effectiveness of Apple's design teams - a trade-off that Hewlett-Packard ( HPQ ) and Dell ( DELL ) made years ago... and that they now probably regret. When Foxconn (TPE:2354) suffered a rash of suicides in 2010 and iPhone 4 supply problems later that year, Apple stood by its manufacturer but said little. The first sign of change came in mid-2011, when Cook (as acting CEO) began to diversify Apple's supply chain, sending some iPhone assembly to one of Foxconn's competitors, Pegatron (TPE:4938).
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A diversified supply chain might reduce costs further but will also dent the effectiveness of Apple's design teams - a trade-off that Hewlett-Packard ( HPQ ) and Dell ( DELL ) made years ago... and that they now probably regret. The first sign of change came in mid-2011, when Cook (as acting CEO) began to diversify Apple's supply chain, sending some iPhone assembly to one of Foxconn's competitors, Pegatron (TPE:4938). Then, after Apple's suppliers' names were released in January 2012, the New York Timesled a wave of critical investigations into working conditions.
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0b9fe494-d092-461d-b41a-6ed0213233b3
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726402.0
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2013-07-15 00:00:00 UTC
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Dow Waffles Near Breakeven, But Closes at a Record High
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DELL
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https://www.nasdaq.com/articles/dow-waffles-near-breakeven-closes-record-high-2013-07-15
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nan
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nan
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"Citigroup ( C ) announced some solid earnings, and this came on the heels of better-than-expected data out of China," said Schaeffer's Senior Technical Strategist Ryan Detrick, CMT. "Although it's still early in earnings season, the results so far are looking very strong. The usual concerns have been revenues and outlooks, and so far, so good. Sure, we are only in the first inning of a nine-inning game, but it does look like the bar was once again too low." For the majority of the session, the Dow Jones Industrial Average (DJI) was parked just north of breakeven before climbing higher toward the end of the day to settle at another all-time closing peak.
Continue reading for more on today's market, including :
Schaeffer's Senior Trading Analyst Bryan Sapp reflects on an "old market mantra" and explains why Nokia ( NOK ) could be ripe for the picking.
A closer look at three outperforming stocks with notable increases in short interest .
Tesla Motors ( TSLA ) and Oracle ( ORCL ) played musical chairs in The Week Ahead , while Dell ( DELL ) prepares for a major shareholder meeting.
plus...
Retail sales showed sluggish growth in June, Citigroup ( C ) basked in the earnings limelight, and Facebook (FB) was hit with some negative brokerage attention.
The Dow Jones Industrial Average (DJI - 15,484.26) spent a large portion of the session hovering above breakeven before moving slightly higher by late afternoon. At the close, the Dow was up 20 points, or 0.1%, managing to end the day with a new record high. The blue-chip barometer's 12 advancers were led by Boeing's (BA) 3.7% gain, while Walt Disney (DIS) paced the 18 laggards with a loss of 1.6%.
The S&P 500 Index (SPX - 1,682.50) also reached a new all-time closing peak, adding 2.3 points, or 0.1%. The Nasdaq Composite (COMP - 3,607.49) rose to another 12-year intraday high of 3,609.59 before settling slightly off this peak with a gain of 7.4 points, or 0.2%.
The CBOE Market Volatility Index (VIX - 13.79) finished below the 14 level for second consecutive session, losing 0.1 point, or 0.4%.
A Trader's Take :
"What can you say, more new highs across the board," commented Detrick. "The S&P 500 is now up eight days in a row, and the PowerShares QQQ Trust (QQQ) is up a record 14 days in a row. Sure, we are very overbought in the near term, but leadership from small-caps and tech stocks is very healthy. Remember, early in the year the leadership came from places like utilities and healthcare. Nothing wrong with that, but healthy bull markets tend to see leadership from areas that are more aggressive. That is what we're seeing now."
3 Things to Know About Today's Market :
The Commerce Department said retail sales rose by a seasonally adjusted 0.4% in June, thanks to higher gas prices and strong demand in the auto sector. However, the latest figure disappointed economists, who were expecting an increase of 0.8%. (Reuters)
The New York Fed's Empire State manufacturing index arrived at 9.46 in July -- up from last month's figure of 7.84, and easily besting consensus estimates for a reading of 5.00. (CNBC)
Banking giant Citigroup ( C ) reported a second-quarter profit of $4.18 billion, which was a 42% increase from the year-ago period. Excluding items, earnings came in at $1.25 per share, topping economists' projections for a profit of $1.17. Meanwhile, revenue climbed by 12% to $20.5 billion. (The Wall Street Journal, login required)
5 Stocks We Were Watching Today :
Analysts at Pivotal Research downwardly revised their rating on social networking site Facebook (FB) .
Bulls are betting on Barrick Gold (ABX) to climb higher following the release of its quarterly earnings report in August.
News out of China prompted speculators to zero in on First Solar's (FSLR) July calls.
AT&T (T) saw its price target trimmed at Evercore following the company's acquisition news.
Pre-earnings call buyers rolled the dice on Cisco Systems (CSCO) , while the stock tagged yet another new multi-year high.
For a look at today's options movers and commodities activity, head to page 2.
Commodities :
Crude oil futures muscled higher today, courtesy of some well-received economic data out of China . August-dated oil futures tacked on 37 cents, or 0.4%, to close at $106.32 per barrel.
Meanwhile, gold futures recovered from Friday's decline, marking a fifth daily gain in the past six sessions. The August-dated contract added $5.90, or 0.5%, to settle at $1,283.50 an ounce.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Tesla Motors ( TSLA ) and Oracle ( ORCL ) played musical chairs in The Week Ahead , while Dell ( DELL ) prepares for a major shareholder meeting. For the majority of the session, the Dow Jones Industrial Average (DJI) was parked just north of breakeven before climbing higher toward the end of the day to settle at another all-time closing peak. 3 Things to Know About Today's Market : The Commerce Department said retail sales rose by a seasonally adjusted 0.4% in June, thanks to higher gas prices and strong demand in the auto sector.
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Tesla Motors ( TSLA ) and Oracle ( ORCL ) played musical chairs in The Week Ahead , while Dell ( DELL ) prepares for a major shareholder meeting. For the majority of the session, the Dow Jones Industrial Average (DJI) was parked just north of breakeven before climbing higher toward the end of the day to settle at another all-time closing peak. The Dow Jones Industrial Average (DJI - 15,484.26) spent a large portion of the session hovering above breakeven before moving slightly higher by late afternoon.
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Tesla Motors ( TSLA ) and Oracle ( ORCL ) played musical chairs in The Week Ahead , while Dell ( DELL ) prepares for a major shareholder meeting. For the majority of the session, the Dow Jones Industrial Average (DJI) was parked just north of breakeven before climbing higher toward the end of the day to settle at another all-time closing peak. 3 Things to Know About Today's Market : The Commerce Department said retail sales rose by a seasonally adjusted 0.4% in June, thanks to higher gas prices and strong demand in the auto sector.
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Tesla Motors ( TSLA ) and Oracle ( ORCL ) played musical chairs in The Week Ahead , while Dell ( DELL ) prepares for a major shareholder meeting. At the close, the Dow was up 20 points, or 0.1%, managing to end the day with a new record high. The S&P 500 Index (SPX - 1,682.50) also reached a new all-time closing peak, adding 2.3 points, or 0.1%.
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398693b0-88fc-424d-8ffc-ceffc9a84c17
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726403.0
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2013-07-12 00:00:00 UTC
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New Stock Coverage: OpenTable Inc Told to Sit in the Corner
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DELL
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https://www.nasdaq.com/articles/new-stock-coverage-opentable-inc-told-sit-corner-2013-07-12
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nan
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nan
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The last time Ben Bernanke attempted to answer a high-profile question in public, it did not go well. The Fed head got into a bunch of trouble answering Congressman Kevin Brady's question , and $1 trillion in market share value subsequently evaporated in the next seven weeks. Our central bank chief is clearly a quick study, however, for when the Harvard grad went to back to Cambridge on Wednesday, his much more "accommodative" response was just what the market wanted to hear. The S&P 500 (^GSPC) subsequently advanced to a record in rising for a sixth straight session. Nasdaq (^IXIC), meanwhile, hit its highest level since September 2000, the month Microsoft ( MSFT ) released its unloved Windows ME. Bill Gates' baby, having been dead money for a decade, is on the march again. Yesterday a reorganization saw it advance 2.84%, a Dow (^DJI) performance bettered only by Intel's ( INTC ) 3.18% gain. (This as a resurgent Hewlett-Packard ( HPQ ) added on another 1.74%, and Dell Inc. ( DELL ) advances in today's pre-market trading.) Didn't the four horsemen of the PC Apocalypse get the just-released memo that the industry is dying ?) Print is also supposedly on its last legs but even a ratings reduction couldn't keep liberal lion The New York Times ( NYT ) from continuing its impressive recent run. Its rival the Wall Street Journal looks like a paper tiger, however, even if Ms. Didion would tell owner News Corp. (NWSA) - assigned an iffy "Neutral" initiation this morning - to Play It As It Lays .
Today in economics, analysts forecast that the University of Michigan's first take on July consumer confidence will tick up from the final figure for June at 9:55 a.m. Eastern. On the earnings front, announcements are expected out of Infosys (INFY), JPMorgan (JPM), Ocean Power Technologies (OPTT), and Wells Fargo (WFC).
A.T. Cross (ATX): Saying that the company's foray into upscale sunglasses offers promise, Benchmark begins coverage at a Buy. Its target price is $20;
Capital Bank (CBF): The regional financial firm is a fresh Buy at BB&T Capital.
CoreLogic (CLGX): Keefe Bruyette picks up the property and casualty insurance outfit at Outperform.
Dollar General (DG): Goldman Sachs resumes the discount retailer at a Neutral.
FedEx (FDX): FDX is a fresh Buy with a $120 target price at Wunderlich, which expresses optimism over its longer terms prospects in their Express and Freight segments.
Hi-Crush Partners (HCLP): William Blair begins Outperform-rated research on the limited partnership.
Infoblox (BLOX): The business services stock is a new Neutral at Sterne Agee.
Medical Stocks : Valuation concerns cap Robert W. Baird's rating of both Laboratory Corp. (LH) and Quest Diagnostics (DGX) at Neutral. Its respective price objectives at $100 and $58.
News Corp. (NWSA): Bank of America-Merrill Lynch launches Neutral-rated research on Rupert Murdoch's media empire.
OpenTable Inc (OPEN): The online restaurant reservation outfit is resumed with a rather uninspiring Sector Perform rating at RBC Capital Markets, which is troubled by an excessive valuation. Its objective is $72.
ServiceNow (NOW): NOW is a new Strong Buy at Raymond James.
Storage Stocks : SunTrust Robinson Humphrey starts Buys on both Extra Space Storage (EXR) and Sovran Self Storage (SSS).
Yelp, Inc. (YELP): Shares are begun with a Buy at Needham, which sees it exceeding Wall Street's earnings expectations when it reports results on August 1.
(See also: Stock Upgrades: Hormel Foods Corporation Will Make You Like Spamalot and Stock Downgrades: From 42nd Street, Pfizer Inc. Fumes at Wall Street. )
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(This as a resurgent Hewlett-Packard ( HPQ ) added on another 1.74%, and Dell Inc. ( DELL ) advances in today's pre-market trading.) The Fed head got into a bunch of trouble answering Congressman Kevin Brady's question , and $1 trillion in market share value subsequently evaporated in the next seven weeks. Its rival the Wall Street Journal looks like a paper tiger, however, even if Ms. Didion would tell owner News Corp. (NWSA) - assigned an iffy "Neutral" initiation this morning - to Play It As It Lays .
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (This as a resurgent Hewlett-Packard ( HPQ ) added on another 1.74%, and Dell Inc. ( DELL ) advances in today's pre-market trading.) Yelp, Inc. (YELP): Shares are begun with a Buy at Needham, which sees it exceeding Wall Street's earnings expectations when it reports results on August 1.
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(This as a resurgent Hewlett-Packard ( HPQ ) added on another 1.74%, and Dell Inc. ( DELL ) advances in today's pre-market trading.) FedEx (FDX): FDX is a fresh Buy with a $120 target price at Wunderlich, which expresses optimism over its longer terms prospects in their Express and Freight segments. OpenTable Inc (OPEN): The online restaurant reservation outfit is resumed with a rather uninspiring Sector Perform rating at RBC Capital Markets, which is troubled by an excessive valuation.
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(This as a resurgent Hewlett-Packard ( HPQ ) added on another 1.74%, and Dell Inc. ( DELL ) advances in today's pre-market trading.) Its rival the Wall Street Journal looks like a paper tiger, however, even if Ms. Didion would tell owner News Corp. (NWSA) - assigned an iffy "Neutral" initiation this morning - to Play It As It Lays . Its target price is $20; Capital Bank (CBF): The regional financial firm is a fresh Buy at BB&T Capital.
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7e3dc06e-f00a-4449-8af2-825184d3f539
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726404.0
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2013-07-12 00:00:00 UTC
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Benzinga Market Primer: Friday, July 12
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DELL
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https://www.nasdaq.com/articles/benzinga-market-primer-friday-july-12-2013-07-12
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nan
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nan
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Futures Lower On Portugal Fears, Bank Earnings In Focus
U.S. equity futures traded lower on renewed fears that Portugal could be the first nation to leave the eurozone after the recent political crisis has put in doubt the nation's attempts to meet its bailout goals. Meanwhile, key bank earnings before the bell should set the tone for U.S. trading.
Top News
In other news around the markets:
Portugal's government requested to delay its latest bailout review in a sign that it has not made the required reforms to receive the next payment. Should the nation fail to do so, it could go bankrupt and leave the eurozone. European Central Bank Chief Economist Peter Praet, formerly of the Bank of Belgium, was quoted overnight in German paper Handlesblatt as saying that interest rates in the eurozone will remain at current levels or lower as long as inflation remains moderate. This subtle hint is further clarity to the guidance President Mario Draghi gave last week in the that the market can now expect rate movements to be tied to medium-term inflation expectations. S&P raised its outlook on Ireland overnight to positive from stable in a sign that the ratings agency could upgrade the rating of the bailed out nation from its current BBB+ to an A rating. S&P 500 futures fell 1.1 points to 1,669.00. The EUR/USD was lower at 1.3045. Spanish 10-year government bond yields fell 2 basis points to 4.8 percent. Italian 10-year government bond yields fell 2 basis points to 4.44 percent. Gold fell 0.39 percent to $1,276.25 per ounce.
Asian Markets
Asian shares were mixed overnight as Chinese and Hong Kong shares lagged as Chinese Finance Minister Lou said that growth would come in closer to 7 percent this year but would avoid a hard landing. The Japanese Nikkei 225 Index rose 0.23 percent and the Topix Index gained 0.6 percent. In Hong Kong, the Hang Seng Index dropped 0.75 percent while the Shanghai Composite Index slipped 1.62 percent. Also, the Korean Kospi fell 0.41 percent and Australian shares rose 0.16 percent.
European Markets
European shares were mixed as peripheral indexes fell on Portuguese fears. The Spanish Ibex Index declined 0.93 percent and the Italian FTSE MIB Index fell 0.06 percent. Meanwhile, the German DAX rose 0.81 percent and the French CAC 40 Index rose 0.35 percent while U.K. shares gained 0.43 percent.
Commodities
Commodities were lower overnight as the dollar retraced some losses. WTI Crude futures fell 0.13 percent to $104.77 and Brent Crude futures declined 0.09 percent to $107.63 per barrel. Copper futures rose 1.89 percent to $314.95 per pound. Gold was lower and silver futures declined 0.93 percent to $19.77 per ounce.
Currencies
Currency markets were on the move as the dollar strengthened while the euro weakened on Portugal fears. The EUR/USD was lower at 1.3045 and the dollar rose against the yen to 99.02. Overall, the Dollar Index rose 0.26 percent on strength against the euro, the pound, the yen, and the Swiss franc.
Earnings Reported Yesterday
Key companies that reported earnings Thursday include:
Commerce Bancshares (NASDAQ: CBSH ) reported second quarter EPS of $0.72 vs. $0.71 on revenue of $262.13 million vs. $262.43 million expected.
Pre-Market Movers
Stocks moving in the pre-market included:
Fly Leasing (NYSE: FLY ) shares fell 1.36 percent pre-market after the company priced a follow-on offering of 11.428 million shares at $14 from the close of $14.75. RadioShack (NYSE: RSH ) shares gained 1.52 percent pre-market as the company did not deny allegations after the close that it has hired advisors to prepare for bankruptcy. Dell(NASDAQ: DELL ) shares whip-sawed following a Bloomberg TV interview with Carl Icahn in which he said he will make a higher offer for the company by this morning. Valero (NYSE: VLO ) shares fell 4.26 percent as the company gave a profit warnings and sees Q2 EPS of $0.85-0.95 vs. $1.27 estimate.
Notable companies expected to report earnings Friday include:
J.P. Morgan Chase and Co. (NYSE: JPM ) is expected to report Q2 EPS of $1.44 vs. $1.21 a year ago on revenue of $24.84 billion vs. $22.89 billion a year ago. Wells Fargo (NYSE: WFC ) is expected to report second quarter EPS of $0.93 vs. $0.82 a year on revenue of $21.21 billion vs. $21.29 billion a year ago. Webster Financial Corp. (NYSE: WBS ) is expected to report second quarter EPS of $0.48 vs. $0.44 a year ago on revenue of $147.63 million vs. $144.38 million a year ago. Infosys (NYSE: INFY ) is expected to report first quarter EPS of $0.70 vs. $0.73 on revenue of $1.93 billion vs. $1.75 billion a year ago.
On the economics calendar Friday, the Reuters/University of Michigan Consumer Sentiment Index is expected to be released and Fed members Bullard, Plosser, and Williams are set to speak.
Good luck and good trading.
Tune into Benzinga's PreMarket Info show with Dennis Dick and Joel Elconin here .
For a recap of Thursday's market action, read Benzinga's daily market wrap .
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell(NASDAQ: DELL ) shares whip-sawed following a Bloomberg TV interview with Carl Icahn in which he said he will make a higher offer for the company by this morning. RadioShack (NYSE: RSH ) shares gained 1.52 percent pre-market as the company did not deny allegations after the close that it has hired advisors to prepare for bankruptcy. Valero (NYSE: VLO ) shares fell 4.26 percent as the company gave a profit warnings and sees Q2 EPS of $0.85-0.95 vs. $1.27 estimate.
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Dell(NASDAQ: DELL ) shares whip-sawed following a Bloomberg TV interview with Carl Icahn in which he said he will make a higher offer for the company by this morning. Earnings Reported Yesterday Key companies that reported earnings Thursday include: Commerce Bancshares (NASDAQ: CBSH ) reported second quarter EPS of $0.72 vs. $0.71 on revenue of $262.13 million vs. $262.43 million expected. Pre-Market Movers Stocks moving in the pre-market included: Fly Leasing (NYSE: FLY ) shares fell 1.36 percent pre-market after the company priced a follow-on offering of 11.428 million shares at $14 from the close of $14.75.
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Dell(NASDAQ: DELL ) shares whip-sawed following a Bloomberg TV interview with Carl Icahn in which he said he will make a higher offer for the company by this morning. Futures Lower On Portugal Fears, Bank Earnings In Focus U.S. equity futures traded lower on renewed fears that Portugal could be the first nation to leave the eurozone after the recent political crisis has put in doubt the nation's attempts to meet its bailout goals. Meanwhile, the German DAX rose 0.81 percent and the French CAC 40 Index rose 0.35 percent while U.K. shares gained 0.43 percent.
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Dell(NASDAQ: DELL ) shares whip-sawed following a Bloomberg TV interview with Carl Icahn in which he said he will make a higher offer for the company by this morning. Futures Lower On Portugal Fears, Bank Earnings In Focus U.S. equity futures traded lower on renewed fears that Portugal could be the first nation to leave the eurozone after the recent political crisis has put in doubt the nation's attempts to meet its bailout goals. The Spanish Ibex Index declined 0.93 percent and the Italian FTSE MIB Index fell 0.06 percent.
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642e4af3-9f50-47e0-8710-51f6dd40a5a8
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726405.0
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2013-07-11 00:00:00 UTC
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Pre-Market Primer: Markets Surge on Bernanke's Dovish Comments; Jobless Claims Spike
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DELL
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https://www.nasdaq.com/articles/pre-market-primer-markets-surge-bernankes-dovish-comments-jobless-claims-spike-2013-07-11
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nan
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nan
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Stocks are set to rally today after global markets surged on dovish comments from Ben Bernanke and the spike of US jobless claims.
The government reported today that initial claims for unemployment insurance spiked by 16,000 last week to 360,000. This is far more than economists expected, but this indicator might have been affected by seasonal auto factory retooling, which is often reflected in the weekly number despite seasonal adjustments. June import prices rose 0.2% year-over-year and export prices rose 0.8%.
Global markets staged a huge rally after Ben Bernanke reassured the world that the dreaded "taper" isn't coming any time soon. He said that the official unemployment count is misleadingly optimistic and "highly accomodative monetary policy for the foreseeable future is what's needed."
After his comments, the dollar weakened against the yen and euro. The Shanghai CSI 300 (SHA:000300) index gained 4.61%, just one day after China posted concerning trade data. Japan's Nikkei (INDEXNIKKEI:.NI225) was volatile after the Bank of Japan cut its GDP and inflation outlook but kept its supportive monetary policy in place with the key rate at zero-0.1%. Asset purchasing will continue at the pace of 60-70 trillion yen per year.
European shares are all rallying strongly with the exception of Portugal's PSI 20 (INDEXEURO:PSI20), where political turmoil is taking its toll. The index dropped 1.6% as President Silva said that early elections are in order.
US stock futures are higher this morning after yesterday's mixed close . Dow (INDEXDJX:.DJI) futures are up 0.89% to 15,378 while futures contracts on the S&P 500 (INDEXSP:.INX) rose 1.03% to 1,665.50 and Nasdaq (INDEXNASDAQ:.IXIC) futures gained 0.95% to 3,024.75. Gold also rallied 2.73%
In corporate news, PC market researcher Gartner ( IT ) reported that PC shipments fell for the fifth straight quarter. Total worldwide shipments are down 10.9% to 76 million, despite the slower decline in US sales. With 16.7% market share in the second quarter, Lenovo (HKG:0992) retook the top spot from Hewlett-Packard ( HPQ ) which had 16.3%. Dell ( DELL ) was third with 11.8% share. The analysts said that even in emerging markets countries, inexpensive tablets are supplanting traditional PCs as the primary computing device. Just as they are in mature markets, consumers are delaying PC purchases in favor of second-screen devices.
Yum Brands ( YUM ) earnings fell in the second quarter as China sales continued to fall; KFC restaurants are associated with avian flu. Revenue fell 8.3% to $2.9 billion and net profit fell 15% to $281 million, trailing estimates.
StatCounter, a Web analytics firm, reported today that Samsung (OTCMKTS:SSNLF) has surpassed Apple ( AAPL ) in mobile Web usage. Samsung users accounted for 25.47% of all mobile Web traffic worldwide.
Twitter: @vincent_trivett
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell ( DELL ) was third with 11.8% share. Stocks are set to rally today after global markets surged on dovish comments from Ben Bernanke and the spike of US jobless claims. Global markets staged a huge rally after Ben Bernanke reassured the world that the dreaded "taper" isn't coming any time soon.
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Dell ( DELL ) was third with 11.8% share. Stocks are set to rally today after global markets surged on dovish comments from Ben Bernanke and the spike of US jobless claims. Twitter: @vincent_trivett The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell ( DELL ) was third with 11.8% share. Stocks are set to rally today after global markets surged on dovish comments from Ben Bernanke and the spike of US jobless claims. Dow (INDEXDJX:.DJI) futures are up 0.89% to 15,378 while futures contracts on the S&P 500 (INDEXSP:.INX) rose 1.03% to 1,665.50 and Nasdaq (INDEXNASDAQ:.IXIC) futures gained 0.95% to 3,024.75.
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Dell ( DELL ) was third with 11.8% share. Stocks are set to rally today after global markets surged on dovish comments from Ben Bernanke and the spike of US jobless claims. Dow (INDEXDJX:.DJI) futures are up 0.89% to 15,378 while futures contracts on the S&P 500 (INDEXSP:.INX) rose 1.03% to 1,665.50 and Nasdaq (INDEXNASDAQ:.IXIC) futures gained 0.95% to 3,024.75.
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325295f5-1a09-478c-94ad-e5e6ec65b6f1
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726406.0
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2013-07-11 00:00:00 UTC
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$100 From Apple? 20% Off Your Sprint Bill? Where to Get the Best Student Discounts
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DELL
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https://www.nasdaq.com/articles/100-apple-20-your-sprint-bill-where-get-best-student-discounts-2013-07-11
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nan
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nan
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With the fall semester just a little more than a month away, now is the time to take advantage of back-to-school deals for yourself or your college student. All deals, however, are not equal.
Computers and Gadgets
Personal preference and brand loyalty play a role in most purchases of laptops, desktops, and tablets, but almost every big brand offers student discounts for those operating on a college budget.
Until September 6, students purchasing Apple's ( AAPL ) iMac, MacBook Pro, MacBook Air, and Mac Pro will receive a $100 gift card. For purchases of the 4, 4S, and 5 model iPhone and the iPad 2, Mini, or current-gen iPad, students receive a $50 gift card.
Only college students may take advantage of these deals, but faculty, teachers, and staff at any grade level are also eligible.
Microsoft's ( MSFT ) deals are only accessible with a .edu email address, but the variety here is far greater than Apple's offerings.
For touchscreen PCs and tablets from the likes of Hewlett-Packard ( HPQ ), Sony ( SNE ), Dell ( DELL ), and more, students receive an $80 discount. Add in the $20 discount on the accompanying 4-year subscription to Office 365 University and savings total $100.
The 49 applicable products range in price from $359 to $2,249, making the $100 savings from Microsoft a greater percentage discount than Apple's in some cases, and a lesser one in others.
Additionally, those with a .edu email address can redeem a code for 10% off a Surface RT, which could amount to $49.90, $59.90 or $69.90 depending on storage space and the inclusion of a cover. A 32GB Surface RT without a case will get knocked down to roughly $449, while a current-gen, Wi-Fi, 32GB iPad will run students $599 less the $50 Apple gift card received in return.
Lenovo's (OTCMKTS:LNVGY) Academic Purchase Program offers discounts of up to 35% on computers, and the Sony Education Store also offers up to 10% discounts on select cameras, PCs, and its Xperia Tablet Z.
Ultimately, there's plenty of cash to be saved when it comes to stocking up on tech for the upcoming school year.
Cell Phones
Cell phone providers tend to offer deals on a varying basis for partnering schools. If your school is partnered with a specific provider, cutting a couple of bucks off each monthly bill can certainly add up over time.
Sprint's (S) student discounts vary by school, but roughly 10% is discounted from monthly bills.
Verizon Wireless's (VZ) student rate offers 8-10% off monthly charges and $35 back for new customers. At Vanderbilt, for example, a partnership with Verizon enables students to receive a 10% discount and employees to get a 20% discount on monthly bills.
T-Mobile (TMUS) offers a discount at a going rate of 6% at participating schools, while AT&T's (T) rates differ from campus to campus.
If you utilize a family plan, changing wireless providers for the student in the family in order to receive one of these discounts may not be worth the hassle. However, if you'll be footing your personal phone bill while at school, verifying which companies your school is partnered with should only take a matter of minutes.
Cars
If you'll be taking a car to school, or are shopping for one to bring on campus, there is also money to be saved.
General Motors (GM) offers hundreds or even thousands of dollars off select Chevy, Buick, and GMC vehicles for current students and recent graduates.
And when it comes time to insure your set of wheels, there are plenty of options to choose from.
If you're confident in your academic abilities, maintaining at least a "B" average will get you up to 15% off from Geico, up to 20% from Allstate (ALL), up to 25% off from State Farm, and a reduction in costs from Travelers (TRV) and Esurance.
Food and Clothing
Everybody eats, and nobody does it better than college students.
At participating Subway, Chipotle (CMG), McDonald's (MCD), and Burger King (BKW) restaurants, benefits ranging from free drinks to a 10% discount off your bill are available with the presentation of a valid student ID.
With all those food deals, some new clothes may be in order. Luckily, stores like J.Crew, Banana Republic (GPS), and Ann Taylor (ANN) offer student discounts of up to 20%.
Textbooks
If you only take away one money-saving strategy from this article, let it be this: Absolutely, positively do not buy textbooks from the on-campus store. The convenient ordering and pickup system is not worth the hundreds of extra dollars that will be spent.
Searching your required textbooks by title or ISBN number will likely pull up a number of retailers that offer them at substantially lower costs than the student store. Barnes & Noble (BKS) and Amazon (AMZN) are safe bets, but with sites like Chegg offering textbook rentals, there are more deals to be found.
Some textbook publishers also allow you to rent digital copies of books (the text will disappear from your library at the end of the semester), which often cost less than the print version anyway.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For touchscreen PCs and tablets from the likes of Hewlett-Packard ( HPQ ), Sony ( SNE ), Dell ( DELL ), and more, students receive an $80 discount. General Motors (GM) offers hundreds or even thousands of dollars off select Chevy, Buick, and GMC vehicles for current students and recent graduates. At participating Subway, Chipotle (CMG), McDonald's (MCD), and Burger King (BKW) restaurants, benefits ranging from free drinks to a 10% discount off your bill are available with the presentation of a valid student ID.
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For touchscreen PCs and tablets from the likes of Hewlett-Packard ( HPQ ), Sony ( SNE ), Dell ( DELL ), and more, students receive an $80 discount. Until September 6, students purchasing Apple's ( AAPL ) iMac, MacBook Pro, MacBook Air, and Mac Pro will receive a $100 gift card. Cell Phones Cell phone providers tend to offer deals on a varying basis for partnering schools.
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For touchscreen PCs and tablets from the likes of Hewlett-Packard ( HPQ ), Sony ( SNE ), Dell ( DELL ), and more, students receive an $80 discount. Lenovo's (OTCMKTS:LNVGY) Academic Purchase Program offers discounts of up to 35% on computers, and the Sony Education Store also offers up to 10% discounts on select cameras, PCs, and its Xperia Tablet Z. Sprint's (S) student discounts vary by school, but roughly 10% is discounted from monthly bills.
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For touchscreen PCs and tablets from the likes of Hewlett-Packard ( HPQ ), Sony ( SNE ), Dell ( DELL ), and more, students receive an $80 discount. With the fall semester just a little more than a month away, now is the time to take advantage of back-to-school deals for yourself or your college student. A 32GB Surface RT without a case will get knocked down to roughly $449, while a current-gen, Wi-Fi, 32GB iPad will run students $599 less the $50 Apple gift card received in return.
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a11eae6e-be8e-43d0-a3a6-28e9176220e0
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726407.0
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2013-07-11 00:00:00 UTC
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After Hours Most Active for Jul 11, 2013 : DELL, ARMH, QQQ, S/WD, MSFT, DLR, RSH, GM, AMD, TIBX, BAC, ORCL
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-jul-11-2013-dell-armh-qqq-swd-msft-dlr-rsh-gm-amd-tibx-bac-orcl
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.61 to 3,058.85. The total After hours volume is currently 36,865,812 shares traded.
The following are the most active stocks for the after hours session :
Dell Inc. ( DELL ) is +0.07 at $13.43, with 5,289,312 shares traded. DELL's current last sale is 98.39% of the target price of $13.65.
ARM Holdings plc ( ARMH ) is unchanged at $39.65, with 4,029,461 shares traded. As reported by Zacks, the current mean recommendation for ARMH is in the "buy range".
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.01 at $75.02, with 3,593,250 shares traded., following a 52-week high recorded in today's regular session.
Sprint Nextel Corporation (S/WD) is -0.1466 at $6.13, with 3,197,943 shares traded., following a 52-week high recorded in today's regular session.
Microsoft Corporation ( MSFT ) is -0.06 at $35.62, with 1,614,615 shares traded.MSFT is scheduled to provide an earnings report on 7/18/2013, for the fiscal quarter ending Jun2013. The consensus earnings per share forecast is 0.75 per share, which represents a 73 percent increase over the EPS one Year Ago
Digital Realty Trust, Inc. ( DLR ) is -0.2438 at $64.34, with 1,090,100 shares traded. As reported in the last short interest update the days to cover for DLR is 12.029938; this calculation is based on the average trading volume of the stock.
Radioshack Corporation ( RSH ) is -0.02 at $2.61, with 1,088,838 shares traded. As reported in the last short interest update the days to cover for RSH is 17.789895; this calculation is based on the average trading volume of the stock.
General Motors Company ( GM ) is unchanged at $36.14, with 926,449 shares traded., following a 52-week high recorded in today's regular session.
Advanced Micro Devices, Inc. ( AMD ) is -0.05 at $4.40, with 919,531 shares traded.AMD is scheduled to provide an earnings report on 7/18/2013, for the fiscal quarter ending Jun2013. The consensus earnings per share forecast is -0.12 per share, which represents a 6 percent increase over the EPS one Year Ago
TIBCO Software, Inc. ( TIBX ) is -0.04 at $23.55, with 751,431 shares traded. As reported by Zacks, the current mean recommendation for TIBX is in the "buy range".
Bank of America Corporation ( BAC ) is -0.01 at $13.50, with 730,992 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2013. The consensus EPS forecast is $0.26. BAC is scheduled to provide an earnings report on 7/17/2013, for the fiscal quarter ending Jun2013. The consensus earnings per share forecast is 0.26 per share, which represents a 19 percent increase over the EPS one Year Ago
Oracle Corporation ( ORCL ) is -0.0055 at $31.86, with 714,133 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Feb 2014. The consensus EPS forecast is $0.67. As reported by Zacks, the current mean recommendation for ORCL is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.07 at $13.43, with 5,289,312 shares traded. DELL's current last sale is 98.39% of the target price of $13.65. As reported in the last short interest update the days to cover for DLR is 12.029938; this calculation is based on the average trading volume of the stock.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.07 at $13.43, with 5,289,312 shares traded. DELL's current last sale is 98.39% of the target price of $13.65. The consensus earnings per share forecast is 0.75 per share, which represents a 73 percent increase over the EPS one Year Ago Digital Realty Trust, Inc. ( DLR ) is -0.2438 at $64.34, with 1,090,100 shares traded.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.07 at $13.43, with 5,289,312 shares traded. DELL's current last sale is 98.39% of the target price of $13.65. The consensus earnings per share forecast is 0.75 per share, which represents a 73 percent increase over the EPS one Year Ago Digital Realty Trust, Inc. ( DLR ) is -0.2438 at $64.34, with 1,090,100 shares traded.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is +0.07 at $13.43, with 5,289,312 shares traded. DELL's current last sale is 98.39% of the target price of $13.65. The NASDAQ 100 After Hours Indicator is down -.61 to 3,058.85.
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0b0b20bd-f784-40b7-80d4-fbc668be686a
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726408.0
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2013-07-11 00:00:00 UTC
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PC Shipments Drop for the Fifth Time - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/pc-shipments-drop-for-the-fifth-time-analyst-blog-2013-07-11
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nan
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nan
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As per recent reports from Gartner and IDC, global shipments of personal computers have taken a hit. An 11.0% dip in PC shipments was noticed during the April - June quarter, as people gradually move away from PCs to handheld tablets and other mobile devices.
The industry research firm, Gartner, is of the opinion that the PC industry is going through the most difficult time as this is the fifth consecutive quarter of decline.
PC makers such as Hewlett-Packard Company ( HPQ ) and Dell Inc. ( DELL ) have incurred heavy losses in their PC business. This unprecedented decline resulted in Hewlett-Packard losing ground to Lenovo in the last quarter.
Another major reason for the decline in PC sales is related to the cost of the devices. In the emerging markets, consumers are opting for relatively inexpensive mobile computing devices such as tablets at the entry level.
As per the data provided by Gartner, Lenovo, with a 16.7% share of shipments, took the market-leading position from H-P, although shipment volumes of 12.68 million PCs declined 0.6% year over year.
Hewlett-Packard slipped to second position with a 16.3% share of shipments, down 4.8% on a year-over-year basis.
Dell secured third place, with a shipment share of 11.8%, up from 11.0% a year earlier, although shipment volume declined 3.9%.
Acer witnessed the biggest drop and now stands in the fourth place with 8.3% share of shipments, down 35.3% year-over-year. IDC's data more or less matches with Gartner, but is not exactly same.
H-P secured the top spot in the U.S. with a 26.4% share, followed by Dell with a 24.6% share, while Apple ( AAPL ) came in third place, with a 11.6% share, down from 12.0% in the year-ago quarter. Lenovo also had strong U.S. shipments, up 19.7%, at 1.52 million units, putting it in fourth place behind Apple's 1.74 million units.
The U.S. witnessed a 1.4% decline in the PC shipments to 14.98 million units, surpassing the global average, while the Europe, the Middle East, and Africa saw a decline of 16.8%, year over year. The Asia/Pacific also witnessed a drop of 11.5% to 26.8 million units.
We believe that the continuous decline in PC shipments raises a question regarding the future of the PC industry, which inturn may badly hurt the business prospects of companies relying substantially on the sale of PC's. This apart, the allied industries related to PC, such as the IT security service provider like Symantec Corp. ( SYMC ), may also feel the heat from the declining PC sales.
The ability to innovate and migrate to mobile platforms and/or data centers may be the only possible solution for these players.
APPLE INC (AAPL): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
SYMANTEC CORP (SYMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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PC makers such as Hewlett-Packard Company ( HPQ ) and Dell Inc. ( DELL ) have incurred heavy losses in their PC business. Dell secured third place, with a shipment share of 11.8%, up from 11.0% a year earlier, although shipment volume declined 3.9%. H-P secured the top spot in the U.S. with a 26.4% share, followed by Dell with a 24.6% share, while Apple ( AAPL ) came in third place, with a 11.6% share, down from 12.0% in the year-ago quarter.
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APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. PC makers such as Hewlett-Packard Company ( HPQ ) and Dell Inc. ( DELL ) have incurred heavy losses in their PC business. Dell secured third place, with a shipment share of 11.8%, up from 11.0% a year earlier, although shipment volume declined 3.9%.
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PC makers such as Hewlett-Packard Company ( HPQ ) and Dell Inc. ( DELL ) have incurred heavy losses in their PC business. Dell secured third place, with a shipment share of 11.8%, up from 11.0% a year earlier, although shipment volume declined 3.9%. H-P secured the top spot in the U.S. with a 26.4% share, followed by Dell with a 24.6% share, while Apple ( AAPL ) came in third place, with a 11.6% share, down from 12.0% in the year-ago quarter.
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Dell secured third place, with a shipment share of 11.8%, up from 11.0% a year earlier, although shipment volume declined 3.9%. PC makers such as Hewlett-Packard Company ( HPQ ) and Dell Inc. ( DELL ) have incurred heavy losses in their PC business. H-P secured the top spot in the U.S. with a 26.4% share, followed by Dell with a 24.6% share, while Apple ( AAPL ) came in third place, with a 11.6% share, down from 12.0% in the year-ago quarter.
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fc1a1bc0-ac2b-4b7c-93ff-27b99ecd97fb
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726409.0
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2013-07-09 00:00:00 UTC
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Company News for July 9, 2013 - Corporate Summary
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DELL
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https://www.nasdaq.com/articles/company-news-for-july-9-2013-corporate-summary-2013-07-09
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nan
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nan
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• DIRECTV (NASDAQ: DTV ) made a bid to acquire Hulu LLC, the online video service. Meanwhile, Time Warner Cable Inc. (NYSE: TWC ) offered to purchase a stake in the company
• Shares of Dell Inc. (NASDAQ: DELL ) surged 3.1% after leading advisory firm ISS, supported Dell's buyout bid of $24.4 billion
• Exar Corporation (NASDAQ: EXAR ) announced it has acquired Cadeka Microcircuits for $29 million in cash and stock
• Shares of AOL, Inc. (NYSE: AOL ) gained 1.5% after the company decided to increase ITS share buyback program by $150 million
AOL INC (AOL): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
DIRECTV (DTV): Free Stock Analysis Report
EXAR CORP (EXAR): Free Stock Analysis Report
TIME WARNER CAB (TWC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, Time Warner Cable Inc. (NYSE: TWC ) offered to purchase a stake in the company • Shares of Dell Inc. (NASDAQ: DELL ) surged 3.1% after leading advisory firm ISS, supported Dell's buyout bid of $24.4 billion • Exar Corporation (NASDAQ: EXAR ) announced it has acquired Cadeka Microcircuits for $29 million in cash and stock • Shares of AOL, Inc. (NYSE: AOL ) gained 1.5% after the company decided to increase ITS share buyback program by $150 million AOL INC (AOL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DIRECTV (DTV): Free Stock Analysis Report EXAR CORP (EXAR): Free Stock Analysis Report TIME WARNER CAB (TWC): Free Stock Analysis Report To read this article on Zacks.com click here. • DIRECTV (NASDAQ: DTV ) made a bid to acquire Hulu LLC, the online video service. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, Time Warner Cable Inc. (NYSE: TWC ) offered to purchase a stake in the company • Shares of Dell Inc. (NASDAQ: DELL ) surged 3.1% after leading advisory firm ISS, supported Dell's buyout bid of $24.4 billion • Exar Corporation (NASDAQ: EXAR ) announced it has acquired Cadeka Microcircuits for $29 million in cash and stock • Shares of AOL, Inc. (NYSE: AOL ) gained 1.5% after the company decided to increase ITS share buyback program by $150 million AOL INC (AOL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DIRECTV (DTV): Free Stock Analysis Report EXAR CORP (EXAR): Free Stock Analysis Report TIME WARNER CAB (TWC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, Time Warner Cable Inc. (NYSE: TWC ) offered to purchase a stake in the company • Shares of Dell Inc. (NASDAQ: DELL ) surged 3.1% after leading advisory firm ISS, supported Dell's buyout bid of $24.4 billion • Exar Corporation (NASDAQ: EXAR ) announced it has acquired Cadeka Microcircuits for $29 million in cash and stock • Shares of AOL, Inc. (NYSE: AOL ) gained 1.5% after the company decided to increase ITS share buyback program by $150 million AOL INC (AOL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DIRECTV (DTV): Free Stock Analysis Report EXAR CORP (EXAR): Free Stock Analysis Report TIME WARNER CAB (TWC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, Time Warner Cable Inc. (NYSE: TWC ) offered to purchase a stake in the company • Shares of Dell Inc. (NASDAQ: DELL ) surged 3.1% after leading advisory firm ISS, supported Dell's buyout bid of $24.4 billion • Exar Corporation (NASDAQ: EXAR ) announced it has acquired Cadeka Microcircuits for $29 million in cash and stock • Shares of AOL, Inc. (NYSE: AOL ) gained 1.5% after the company decided to increase ITS share buyback program by $150 million AOL INC (AOL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DIRECTV (DTV): Free Stock Analysis Report EXAR CORP (EXAR): Free Stock Analysis Report TIME WARNER CAB (TWC): Free Stock Analysis Report To read this article on Zacks.com click here. • DIRECTV (NASDAQ: DTV ) made a bid to acquire Hulu LLC, the online video service. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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90bfe2f8-b334-4f62-8d7e-02b2907fac6a
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726410.0
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2013-07-09 00:00:00 UTC
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Pre-Market Most Active for Jul 9, 2013 : SIRI, BP, AA, APU, BAC, NOK, AMRN, KNDI, HTSI, SPIL, DELL, CONE
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-jul-9-2013-siri-bp-aa-apu-bac-nok-amrn-kndi-htsi-spil-dell-cone
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up .76 to 2,966.89. The total Pre-Market volume is currently 6,315,015 shares traded.
The following are the most active stocks for the pre-market session :
Sirius XM Radio Inc. ( SIRI ) is +0.08 at $3.56, with 3,216,809 shares traded. As reported by Zacks, the current mean recommendation for SIRI is in the "buy range".
BP p.l.c. ( BP ) is +0.17 at $41.45, with 1,319,480 shares traded. BP's current last sale is 84.59% of the target price of $49.
Alcoa Inc. ( AA ) is +0.05 at $7.97, with 533,234 shares traded. AA's current last sale is 88.56% of the target price of $9.
AmeriGas Partners, L.P. ( APU ) is -2.69 at $47.10, with 447,446 shares traded. As reported in the last short interest update the days to cover for APU is 16.415968; this calculation is based on the average trading volume of the stock.
Bank of America Corporation ( BAC ) is +0.06 at $13.34, with 386,294 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.28. BAC's current last sale is 100.68% of the target price of $13.25.
Nokia Corporation ( NOK ) is +0.09 at $4.22, with 358,685 shares traded. As reported in the last short interest update the days to cover for NOK is 11.796146; this calculation is based on the average trading volume of the stock.
Amarin Corporation PLC ( AMRN ) is -0.5 at $5.67, with 319,786 shares traded. As reported in the last short interest update the days to cover for AMRN is 8.892942; this calculation is based on the average trading volume of the stock.
Kandi Technologies Group, Inc. ( KNDI ) is +0.25 at $5.58, with 290,810 shares traded.
Harris Teeter Supermarkets, Inc. ( HTSI ) is +0.43 at $48.95, with 266,420 shares traded. As reported in the last short interest update the days to cover for HTSI is 12.534466; this calculation is based on the average trading volume of the stock.
Siliconware Precision Industries Company, Ltd. ( SPIL ) is +0.14 at $6.28, with 236,500 shares traded. SPIL's current last sale is 89.91% of the target price of $6.985.
Dell Inc. ( DELL ) is -0.015 at $13.42, with 182,329 shares traded. DELL's current last sale is 98.32% of the target price of $13.65.
CyrusOne Inc ( CONE ) is unchanged at $20.89, with 175,000 shares traded. As reported by Zacks, the current mean recommendation for CONE is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Inc. ( DELL ) is -0.015 at $13.42, with 182,329 shares traded. DELL's current last sale is 98.32% of the target price of $13.65. As reported in the last short interest update the days to cover for APU is 16.415968; this calculation is based on the average trading volume of the stock.
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Dell Inc. ( DELL ) is -0.015 at $13.42, with 182,329 shares traded. DELL's current last sale is 98.32% of the target price of $13.65. As reported in the last short interest update the days to cover for APU is 16.415968; this calculation is based on the average trading volume of the stock.
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Dell Inc. ( DELL ) is -0.015 at $13.42, with 182,329 shares traded. DELL's current last sale is 98.32% of the target price of $13.65. As reported in the last short interest update the days to cover for APU is 16.415968; this calculation is based on the average trading volume of the stock.
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Dell Inc. ( DELL ) is -0.015 at $13.42, with 182,329 shares traded. DELL's current last sale is 98.32% of the target price of $13.65. BP's current last sale is 84.59% of the target price of $49.
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8d9bd004-937d-48c5-8dab-df6f0e48138f
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726411.0
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2013-07-09 00:00:00 UTC
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Dell Wins ISS Approval, Eyes Voting Result - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-wins-iss-approval-eyes-voting-result-analyst-blog-2013-07-09
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nan
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nan
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Michael Dell, owner of Dell Inc. ( DELL ) seems to have won half the battle against business tycoon, Carl Icahn. Icahn's proposed bid to derail Michael Dell's LBO is losing steam with proxy shareholder advisory firm, Institutional Shareholder Services Inc. (ISS) recommending the original buyout offer.
Yesterday, Dell's Special Committee announced the receipt of ISS' statement recommending Dell shareholders to vote for the $24.4 billion LBO offer (which comes to $13.65 per outstanding share) from owner Michael Dell. ISS' recommendation reflects the best interests of the shareholders.
ISS' recommendation comes with the support of two other advisory firms, namely Glass Lewis and Egan-Jones, both of which conveyed their independent decisions based on an exhaustive review of Dell's existing business plans and various alternatives. The decision of the advisory firms is in tandem as they believe that shareholders will benefit out of the deal and will not face the repercussions of the continuous slowdown in the PC business.
As expected, Carl Icahn and his partner Southeastern Asset Management expressed their disappointment over the ISS' statement, asserting that their offer will be honoring the best possible interests of the shareholders.
Carl Icahn still believes that his offer to buy 1.1 billion shares at a price of $14 a share (total value of the deal being $15.4 billion) would give shareholders a good return in addition to continued earnings from a publicly-traded Dell.
Michael Dell, his LBO partner Silver Lake and the Special Committee (formed by Dell's board of directors to oversee the matter on behalf of the shareholders) turned down Icahn's proposal citing concerns regarding the availability of funds and possible pressure on the company's liquidity.
Icahn made another attempt with a promise to fund $5.2 billion (comprising two term loans) over and above $7.5 billion cash and $2.9 billion from sales of receivables. Moreover, Icahn also proposed to arrange for an additional $2.0 billion (through its associates), if necessary. The arrangement would leave enough cash with Dell to maintain liquidity and smoothly run operations, even after returning cash to shareholders.
Michael Dell and Silver Lake, however, declined to comment or express their willingness to further "sweeten" the deal (i.e. offering $14.0 per share instead of the existing $13.65 a share).
While Dell has received ISS' approval, it still needs a majority vote to complete the buyout process. The shareholder vote, which will be the deciding factor, is scheduled on Jul 18.
There is a possibility that the shareholders might demand the higher price before they approve the deal. So the ball is in Michael Dell's court and it will be interesting to see what he does.
Currently, Dell has a Zacks Rank #5 (Strong Sell), reflecting the pending LBO. Investors could, however, consider technology stocks like Micron Technology Inc. ( MU ), EMC Corp. ( EMC ) and NetApp Inc. ( NTAP ), which have a Zacks Rank #2 (Buy) and are worth investing in.
DELL INC (DELL): Free Stock Analysis Report
EMC CORP -MASS (EMC): Free Stock Analysis Report
MICRON TECH (MU): Free Stock Analysis Report
NETAPP INC (NTAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ISS' recommendation comes with the support of two other advisory firms, namely Glass Lewis and Egan-Jones, both of which conveyed their independent decisions based on an exhaustive review of Dell's existing business plans and various alternatives. Michael Dell, owner of Dell Inc. ( DELL ) seems to have won half the battle against business tycoon, Carl Icahn. Icahn's proposed bid to derail Michael Dell's LBO is losing steam with proxy shareholder advisory firm, Institutional Shareholder Services Inc. (ISS) recommending the original buyout offer.
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Yesterday, Dell's Special Committee announced the receipt of ISS' statement recommending Dell shareholders to vote for the $24.4 billion LBO offer (which comes to $13.65 per outstanding share) from owner Michael Dell. DELL INC (DELL): Free Stock Analysis Report EMC CORP -MASS (EMC): Free Stock Analysis Report MICRON TECH (MU): Free Stock Analysis Report NETAPP INC (NTAP): Free Stock Analysis Report To read this article on Zacks.com click here. Michael Dell, owner of Dell Inc. ( DELL ) seems to have won half the battle against business tycoon, Carl Icahn.
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Icahn's proposed bid to derail Michael Dell's LBO is losing steam with proxy shareholder advisory firm, Institutional Shareholder Services Inc. (ISS) recommending the original buyout offer. Yesterday, Dell's Special Committee announced the receipt of ISS' statement recommending Dell shareholders to vote for the $24.4 billion LBO offer (which comes to $13.65 per outstanding share) from owner Michael Dell. DELL INC (DELL): Free Stock Analysis Report EMC CORP -MASS (EMC): Free Stock Analysis Report MICRON TECH (MU): Free Stock Analysis Report NETAPP INC (NTAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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Icahn's proposed bid to derail Michael Dell's LBO is losing steam with proxy shareholder advisory firm, Institutional Shareholder Services Inc. (ISS) recommending the original buyout offer. Yesterday, Dell's Special Committee announced the receipt of ISS' statement recommending Dell shareholders to vote for the $24.4 billion LBO offer (which comes to $13.65 per outstanding share) from owner Michael Dell. Michael Dell, owner of Dell Inc. ( DELL ) seems to have won half the battle against business tycoon, Carl Icahn.
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e0f39cd7-e055-4a26-b154-ea32dbdf1512
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726412.0
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2013-07-08 00:00:00 UTC
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Company News for July 8, 2013 - Corporate Summary
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DELL
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https://www.nasdaq.com/articles/company-news-for-july-8-2013-corporate-summary-2013-07-08
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nan
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nan
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• Shares of Annaly Capital Management, Inc. (NYSE: NLY ) dropped 5.1% after the 10-year U.S. Treasury yield moved above 2.7%
• Shares of Tesla Motors Inc. (NASDAQ: TSLA ) surged 4.21% to a record high after it received a large number of orders from Hong Kong for its newly introduced Model S sedan
• Shares of Dell Inc. (NASDAQ: DELL ) dropped 2.1% following reports that Michael Dell and Silver Lake will not increase their buyout offer of $24.4 billion
• Shares of both Bank of America Corp (NYSE: BAC ) and Citigroup Inc (NYSE: C ) gained 1.8%. A rise in interest rates is usually beneficial for large banks because it increases their net interest margins
BANK OF AMER CP (BAC): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
ANNALY CAP MGMT (NLY): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Shares of Annaly Capital Management, Inc. (NYSE: NLY ) dropped 5.1% after the 10-year U.S. Treasury yield moved above 2.7% • Shares of Tesla Motors Inc. (NASDAQ: TSLA ) surged 4.21% to a record high after it received a large number of orders from Hong Kong for its newly introduced Model S sedan • Shares of Dell Inc. (NASDAQ: DELL ) dropped 2.1% following reports that Michael Dell and Silver Lake will not increase their buyout offer of $24.4 billion • Shares of both Bank of America Corp (NYSE: BAC ) and Citigroup Inc (NYSE: C ) gained 1.8%. A rise in interest rates is usually beneficial for large banks because it increases their net interest margins BANK OF AMER CP (BAC): Free Stock Analysis Report CITIGROUP INC (C): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report ANNALY CAP MGMT (NLY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Shares of Annaly Capital Management, Inc. (NYSE: NLY ) dropped 5.1% after the 10-year U.S. Treasury yield moved above 2.7% • Shares of Tesla Motors Inc. (NASDAQ: TSLA ) surged 4.21% to a record high after it received a large number of orders from Hong Kong for its newly introduced Model S sedan • Shares of Dell Inc. (NASDAQ: DELL ) dropped 2.1% following reports that Michael Dell and Silver Lake will not increase their buyout offer of $24.4 billion • Shares of both Bank of America Corp (NYSE: BAC ) and Citigroup Inc (NYSE: C ) gained 1.8%. A rise in interest rates is usually beneficial for large banks because it increases their net interest margins BANK OF AMER CP (BAC): Free Stock Analysis Report CITIGROUP INC (C): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report ANNALY CAP MGMT (NLY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Shares of Annaly Capital Management, Inc. (NYSE: NLY ) dropped 5.1% after the 10-year U.S. Treasury yield moved above 2.7% • Shares of Tesla Motors Inc. (NASDAQ: TSLA ) surged 4.21% to a record high after it received a large number of orders from Hong Kong for its newly introduced Model S sedan • Shares of Dell Inc. (NASDAQ: DELL ) dropped 2.1% following reports that Michael Dell and Silver Lake will not increase their buyout offer of $24.4 billion • Shares of both Bank of America Corp (NYSE: BAC ) and Citigroup Inc (NYSE: C ) gained 1.8%. A rise in interest rates is usually beneficial for large banks because it increases their net interest margins BANK OF AMER CP (BAC): Free Stock Analysis Report CITIGROUP INC (C): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report ANNALY CAP MGMT (NLY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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• Shares of Annaly Capital Management, Inc. (NYSE: NLY ) dropped 5.1% after the 10-year U.S. Treasury yield moved above 2.7% • Shares of Tesla Motors Inc. (NASDAQ: TSLA ) surged 4.21% to a record high after it received a large number of orders from Hong Kong for its newly introduced Model S sedan • Shares of Dell Inc. (NASDAQ: DELL ) dropped 2.1% following reports that Michael Dell and Silver Lake will not increase their buyout offer of $24.4 billion • Shares of both Bank of America Corp (NYSE: BAC ) and Citigroup Inc (NYSE: C ) gained 1.8%. A rise in interest rates is usually beneficial for large banks because it increases their net interest margins BANK OF AMER CP (BAC): Free Stock Analysis Report CITIGROUP INC (C): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report ANNALY CAP MGMT (NLY): Free Stock Analysis Report TESLA MOTORS (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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420183c5-a0e4-4bd1-bd95-9cec775f76c0
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726413.0
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2013-07-08 00:00:00 UTC
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Technology Stock Roundup: Apple Soars, Finally - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/technology-stock-roundup-apple-soars-finally-analyst-blog-2013-07-08
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nan
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nan
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Last week was a relatively uneventful one for big tech.
More Talk About Apple Choosing TSM
Particularly since one analyst started saying that this was such a bad thing for Intel ( INTC ) since it continues to invest in capacity that would most likely go empty. So was this such a good deal for Apple ( AAPL ) or such a bad deal for Intel?
Apple is joining hands with a company that has always lagged Intel in process technology and also had significant yield issues on transitions to lower nodes -- something that at one point cost Advanced Micro Devices ( AMD ) some market share. Intel, on the other hand, is seeing its core computing market melting away and it still has limited exposure to the mobile segment.
Apple is obviously distancing itself from Samsung, which has traditionally manufactured some of its components. But alternative capacity was necessary because of the growing animosity between the two. TSM was the logical choice because most Apple components are manufactured in Asia.
Also, TSM remains the leading foundry, and being a foundry, it is less likely to turn into a competitor. The partnership would help it grow not only in its traditional markets, but also in other areas, such as wearable devices.
Growth projections for things like Google ( GOOG ) Glass and smart watches indicate that this market will go through the roof in the next 4-5 years. Google Glass has already become a hot topic of conversation and Google is already in the market for watches through Motorola (MotoACTV). Last week saw Apple trademarking iWatch in Japan.
Intel too is not adding capacity for nothing. At this point it definitely looks like the chip giant is placing its bets on mobile. Recent news reports indicate that its new mobile chips are going to be better than those showcased, with cheaper and better Atom processors also on the way.
So this holiday season, we are likely to see a number of tablets from companies like Samsung, ASUS, Hewlett Packard ( HPQ ), Dell ( DELL ) and Acer with Intel inside. Intel will earn better margins on its own chips than it could on a foundry deal with a competitor. Strategic foundry partnerships like the one with Altera ( ALTR ) also remain in the cards.
About Microsoft Re-"Surfacing"
Microsoft's ( MSFT ) Surface tablet did not pick up as expected and the company is doing all it can to grow sales. The RT version was heavily discounted and pushed toward students in particular, which is just as well because it is likely to die a natural death.
The Pro, on the other hand, could grow with some help. Or so Microsoft thought when it authorized distributors like Ingram Micro ( IM ), SYNNEX and Tech Data ( TECD ) to sell the device to authorized resellers.
Microsoft also launched AppsForSurface for ISVs, to promote the development of apps around the platform. The increased availability and app support is expected to encourage enterprise buyers.
Google: One Battle at a Time
Google's books project scored a small win last week, when the judge held that evidence regarding "fair use" was necessary before authors could bring a class action lawsuit against the company. Google has been digitizing copyrighted material ( it has already scanned 20 million books) and displaying snippets from them, for which the Authors Guild is suing it for $3 billion.
The "fair use" doctrine allows the use of copyrighted materials for educational, research or news purposes. This decision is what Google was looking for because it has for long held that its actions constituted "fair use."
Also, since some of the concerned copyrights belong to untraceable holders, which is leading to extinction of the concerned books, Google could show an altruistic motive. However, the inability to file a class action lawsuit could make it difficult to fight Google.
And a Qwiki for Yahoo
Yahoo ( YHOO ) has been snapping up companies with great regularity and last week it acquired an iPhone app maker called Qwiki. The only difference is, this time, Yahoo is not going to withdraw support to the existing app, probably because it is trying to befriend Apple. Both the other acquisitions (fantasy football maker Bignoggins and address book manager Xobni) that it acquired last week are being absorbed into Yahoo.
Apple is the only one that beat the market last week, with Google trading more or less in line and all the others notably weaker.
The week ahead -
Microsoft is internally discussing restructuring actions although officials continued reserve comment. However, a number of details reported by Businessweek and AllThingsD indicate that the restructuring is real.
As a result, Windows chief Julie Larson-Green, Windows Phone software chief Terry Myerson, Server and Tools chief Satya Nadella and Skype president Tony Bates may be expected to see an expansion in their roles. It's also being rumored that the departure of Xbox chief Don Mattrick was a part of this restructuring. A formal announcement is expected this week.
APPLE INC (AAPL): Free Stock Analysis Report
ALTERA CORP (ALTR): Free Stock Analysis Report
ADV MICRO DEV (AMD): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INGRAM MICRO (IM): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
TECH DATA CORP (TECD): Free Stock Analysis Report
YAHOO! INC (YHOO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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So this holiday season, we are likely to see a number of tablets from companies like Samsung, ASUS, Hewlett Packard ( HPQ ), Dell ( DELL ) and Acer with Intel inside. As a result, Windows chief Julie Larson-Green, Windows Phone software chief Terry Myerson, Server and Tools chief Satya Nadella and Skype president Tony Bates may be expected to see an expansion in their roles. APPLE INC (AAPL): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INGRAM MICRO (IM): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TECH DATA CORP (TECD): Free Stock Analysis Report YAHOO!
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So this holiday season, we are likely to see a number of tablets from companies like Samsung, ASUS, Hewlett Packard ( HPQ ), Dell ( DELL ) and Acer with Intel inside. APPLE INC (AAPL): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INGRAM MICRO (IM): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TECH DATA CORP (TECD): Free Stock Analysis Report YAHOO! As a result, Windows chief Julie Larson-Green, Windows Phone software chief Terry Myerson, Server and Tools chief Satya Nadella and Skype president Tony Bates may be expected to see an expansion in their roles.
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APPLE INC (AAPL): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INGRAM MICRO (IM): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TECH DATA CORP (TECD): Free Stock Analysis Report YAHOO! So this holiday season, we are likely to see a number of tablets from companies like Samsung, ASUS, Hewlett Packard ( HPQ ), Dell ( DELL ) and Acer with Intel inside. As a result, Windows chief Julie Larson-Green, Windows Phone software chief Terry Myerson, Server and Tools chief Satya Nadella and Skype president Tony Bates may be expected to see an expansion in their roles.
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APPLE INC (AAPL): Free Stock Analysis Report ALTERA CORP (ALTR): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INGRAM MICRO (IM): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TECH DATA CORP (TECD): Free Stock Analysis Report YAHOO! So this holiday season, we are likely to see a number of tablets from companies like Samsung, ASUS, Hewlett Packard ( HPQ ), Dell ( DELL ) and Acer with Intel inside. As a result, Windows chief Julie Larson-Green, Windows Phone software chief Terry Myerson, Server and Tools chief Satya Nadella and Skype president Tony Bates may be expected to see an expansion in their roles.
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74b987b9-878d-4d9e-8d6f-9236f1b30fa4
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726414.0
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2013-07-08 00:00:00 UTC
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Pre-Market Most Active for Jul 8, 2013 : DELL, NOK, BAC, ABX, ZNGA, NBG, F, DCM, TSLA, QQQ, FB, ARMH
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-jul-8-2013-dell-nok-bac-abx-znga-nbg-f-dcm-tsla-qqq-fb-armh-2013-07
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 5.27 to 2,968.49. The total Pre-Market volume is currently 3,413,198 shares traded.
The following are the most active stocks for the pre-market session :
Dell Inc. ( DELL ) is +0.34 at $13.37, with 9,542,591 shares traded. DELL's current last sale is 97.95% of the target price of $13.65.
Nokia Corporation ( NOK ) is unchanged at $4.08, with 474,220 shares traded. As reported in the last short interest update the days to cover for NOK is 11.796146; this calculation is based on the average trading volume of the stock.
Bank of America Corporation ( BAC ) is +0.07 at $13.13, with 386,233 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.28. BAC's current last sale is 99.09% of the target price of $13.25.
Barrick Gold Corporation ( ABX ) is +0.31 at $14.07, with 207,382 shares traded., following a 52-week high recorded in prior regular session.
Zynga Inc. ( ZNGA ) is +0.01 at $3.44, with 165,685 shares traded. ZNGA's current last sale is 113.53% of the target price of $3.03.
National Bank of Greece SA ( NBG ) is +0.12 at $3.20, with 143,475 shares traded.
Ford Motor Company ( F ) is +0.15 at $16.85, with 105,536 shares traded., following a 52-week high recorded in prior regular session.
NTT DOCOMO, Inc ( DCM ) is -0.16 at $15.27, with 100,000 shares traded. DCM's current last sale is 86.08% of the target price of $17.74.
Tesla Motors, Inc. ( TSLA ) is +1.94 at $122.03, with 90,016 shares traded. TSLA's current last sale is 135.59% of the target price of $90.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.42 at $73.00, with 82,321 shares traded. This represents a 19.07% increase from its 52 Week Low.
Facebook, Inc. ( FB ) is +0.15 at $24.52, with 72,919 shares traded. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
ARM Holdings plc ( ARMH ) is +0.565 at $38.61, with 67,000 shares traded. As reported by Zacks, the current mean recommendation for ARMH is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.34 at $13.37, with 9,542,591 shares traded. DELL's current last sale is 97.95% of the target price of $13.65. As reported in the last short interest update the days to cover for NOK is 11.796146; this calculation is based on the average trading volume of the stock.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.34 at $13.37, with 9,542,591 shares traded. DELL's current last sale is 97.95% of the target price of $13.65. The total Pre-Market volume is currently 3,413,198 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.34 at $13.37, with 9,542,591 shares traded. DELL's current last sale is 97.95% of the target price of $13.65. The total Pre-Market volume is currently 3,413,198 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.34 at $13.37, with 9,542,591 shares traded. DELL's current last sale is 97.95% of the target price of $13.65. Bank of America Corporation ( BAC ) is +0.07 at $13.13, with 386,233 shares traded.
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c59da8cc-fecb-42ba-b2fc-98e46cf92707
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726415.0
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2013-07-08 00:00:00 UTC
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Pre-Market Primer: Dell Inc. Offer Gets ISS Blessing; Futures Higher Before Start of Earnings Season
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DELL
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https://www.nasdaq.com/articles/pre-market-primer-dell-inc-offer-gets-iss-blessing-futures-higher-start-earnings-season
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nan
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nan
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Stock futures pushed higher today as investors prepare for the second quarter earnings season.
Wall Street rallied after better-than-expected jobs data on Friday. The US economy added 195,000 jobs, but the unemployment rate stayed stuck at 7.6%.
No major economic releases are due today. Dow (INDEXDJX:.DJI) futures gained 0.44% to 14,142 this morning. Futures contracts on the S&P 500 (INDEXSP:.INX) rose 0.55% to 1,636.20 and Nasdaq (INDEXNASDAQ:.IXIC) futures climbed 0.59% to 2,974.00.
Europe today was preoccupied with the situation in Greece as the Troika and Greek ministers agreed to new cuts to the public sector in exchange for the next 8.1 billion euros of aid to the Mediterranean country. However, the international inspectors said that "policy implementation is behind in some areas," and their economic outlook for Greece is still "uncertain."
Europe's industrial heartland is also becoming troubling. Today, Germany released worse-than-expected industrial production and trade data. Industrial production fell 1% while its trade surplus shrank 3.4 billion euros to 14.1 billion euros in May. Economists expected production to fall by half as much and the trade surplus to fall to 17 billion euros. Imports fell 2.6% and exports are down 4.8% from May 2012.
The ISS, an institutional shareholder advocacy group, gave its blessing to Michael Dell's 24.4 billion bid to take Dell Inc. ( DELL ), the company he founded, private. The group said that the cash offer was 25% over the unaffected share price. ISS' approval could tip the scales in Dell's and Silver Lake Management's favor over rival offers since institutional investors, who own 76% of the company, usually vote according to ISS recommendations.
Priceline.com Inc ( PCLN ) shares rose 1.63% in the pre-market after Morgan Stanley analysts upgraded the shares of the travel company to overweight.
Alcoa Inc ( AA ) will be the first Dow-component company to post earnings for the second quarter after the bell this afternoon. The aluminum company is expected to earn $0.08 per share on $5.96 billion in revenue. Its shares are up 0.6% in early trading today before the bell.
Alcoa traditionally sets the tone for earnings season, which could be an ugly one. Despite the steadily improving economy, 97 S&P 500 companies have issued negative guidance, though this pessimism could already be baked into the share prices.
The US and Europe are set to begin talks about a free-trade cooperation deal, which would be the world's largest when completed. Proponents say that the agreement could unlock over $100 billion per year.
Twitter: @vincent_trivett
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The ISS, an institutional shareholder advocacy group, gave its blessing to Michael Dell's 24.4 billion bid to take Dell Inc. ( DELL ), the company he founded, private. ISS' approval could tip the scales in Dell's and Silver Lake Management's favor over rival offers since institutional investors, who own 76% of the company, usually vote according to ISS recommendations. Stock futures pushed higher today as investors prepare for the second quarter earnings season.
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The ISS, an institutional shareholder advocacy group, gave its blessing to Michael Dell's 24.4 billion bid to take Dell Inc. ( DELL ), the company he founded, private. ISS' approval could tip the scales in Dell's and Silver Lake Management's favor over rival offers since institutional investors, who own 76% of the company, usually vote according to ISS recommendations. Today, Germany released worse-than-expected industrial production and trade data.
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The ISS, an institutional shareholder advocacy group, gave its blessing to Michael Dell's 24.4 billion bid to take Dell Inc. ( DELL ), the company he founded, private. ISS' approval could tip the scales in Dell's and Silver Lake Management's favor over rival offers since institutional investors, who own 76% of the company, usually vote according to ISS recommendations. Europe today was preoccupied with the situation in Greece as the Troika and Greek ministers agreed to new cuts to the public sector in exchange for the next 8.1 billion euros of aid to the Mediterranean country.
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The ISS, an institutional shareholder advocacy group, gave its blessing to Michael Dell's 24.4 billion bid to take Dell Inc. ( DELL ), the company he founded, private. ISS' approval could tip the scales in Dell's and Silver Lake Management's favor over rival offers since institutional investors, who own 76% of the company, usually vote according to ISS recommendations. Today, Germany released worse-than-expected industrial production and trade data.
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fe3c4f3f-27e9-454f-bb59-8c33fb98e74a
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726416.0
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2013-07-03 00:00:00 UTC
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Pre-Market Most Active for Jul 3, 2013 : ZNGA, ASX, BAC, DELL, SIRI, ZTS, AA, MT, BBRY, ARMH, QQQ, BUD
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-jul-3-2013-znga-asx-bac-dell-siri-zts-aa-mt-bbry-armh-qqq-bud-2013
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is down -3.45 to 2,926.18. The total Pre-Market volume is currently 2,925,843 shares traded.
The following are the most active stocks for the pre-market session :
Zynga Inc. ( ZNGA ) is +0.12 at $3.39, with 854,796 shares traded. ZNGA's current last sale is 111.88% of the target price of $3.03.
Advanced Semiconductor Engineering, Inc. ( ASX ) is -0.0244 at $4.11, with 701,600 shares traded. ASX's current last sale is 82.69% of the target price of $4.965.
Bank of America Corporation ( BAC ) is -0.07 at $12.83, with 545,648 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.28. BAC's current last sale is 96.83% of the target price of $13.25.
Dell Inc. ( DELL ) is +0.02 at $13.40, with 483,325 shares traded. DELL's current last sale is 98.17% of the target price of $13.65.
Sirius XM Radio Inc. ( SIRI ) is -0.01 at $3.43, with 265,279 shares traded. As reported by Zacks, the current mean recommendation for SIRI is in the "buy range".
Zoetis Inc. ( ZTS ) is unchanged at $29.70, with 250,300 shares traded. As reported by Zacks, the current mean recommendation for ZTS is in the "buy range".
Alcoa Inc. ( AA ) is -0.16 at $7.64, with 209,957 shares traded.AA is scheduled to provide an earnings report on 7/8/2013, for the fiscal quarter ending Jun2013. The consensus earnings per share forecast is 0.09 per share, which represents a 6 percent increase over the EPS one Year Ago
ArcelorMittal ( MT ) is -0.27 at $10.94, with 170,970 shares traded. As reported by Zacks, the current mean recommendation for MT is in the "buy range".
Research In Motion Limited ( BBRY ) is -0.06 at $9.64, with 169,299 shares traded. As reported in the last short interest update the days to cover for BBRY is 9.400947; this calculation is based on the average trading volume of the stock.
ARM Holdings plc ( ARMH ) is +0.89 at $37.30, with 162,110 shares traded. ARMH's current last sale is 82.89% of the target price of $45.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.2 at $71.54, with 141,290 shares traded. This represents a 16.69% increase from its 52 Week Low.
Anheuser-Busch Inbev SA ( BUD ) is -3.14 at $86.25, with 140,590 shares traded. As reported by Zacks, the current mean recommendation for BUD is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Inc. ( DELL ) is +0.02 at $13.40, with 483,325 shares traded. DELL's current last sale is 98.17% of the target price of $13.65. The following are the most active stocks for the pre-market session : Zynga Inc. ( ZNGA ) is +0.12 at $3.39, with 854,796 shares traded.
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Dell Inc. ( DELL ) is +0.02 at $13.40, with 483,325 shares traded. DELL's current last sale is 98.17% of the target price of $13.65. The total Pre-Market volume is currently 2,925,843 shares traded.
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Dell Inc. ( DELL ) is +0.02 at $13.40, with 483,325 shares traded. DELL's current last sale is 98.17% of the target price of $13.65. The total Pre-Market volume is currently 2,925,843 shares traded.
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Dell Inc. ( DELL ) is +0.02 at $13.40, with 483,325 shares traded. DELL's current last sale is 98.17% of the target price of $13.65. ASX's current last sale is 82.69% of the target price of $4.965.
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7f81acea-ff80-480c-93c5-f0a93d8c73bb
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726417.0
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2013-07-03 00:00:00 UTC
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Will Icahn Offer Derail Dell LBO? - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/will-icahn-offer-derail-dell-lbo-analyst-blog-2013-07-03
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nan
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nan
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Dell Inc. 's ( DELL ) owner Michael Dell has yet to receive a lucrative offer from business tycoon Carl Icahn. In order to justify his alternative bid for Dell's privatization as against Michael Dell's leveraged buyout (LBO) offering of $24.4 billion, Icahn has now promised to fund $5.2 billion. The fund will help Dell to buy back 1.1 billion shares at $14.0 a share.
Icahn clarified that the $5.2 billion will comprise a $2.2 billion 6-year term loan and a $3.0 billion 3.5-year term loan. A few days back, Icahn approached Dell's special board with a proposal to buy back 1.1 billion shares at $14.0 per share compared to Dell's $13.65 per share offer.
According to Icahn's proposal, shareholders would be allowed to sell almost 72.0% of the total shares held, while rest would remain with the company. Icahn asserts that shareholders will benefit from a good return on investment and at the same time will continue to earn from the shares remaining with the company.
Initially, Icahn's proposal was turned down by the special committee citing concerns regarding the availability of funds and possible pressure on the company's liquidity. But the situation could be reversed as Icahn proposes to put in $7.5 billion cash and $2.9 billion from sales of receivables, which will be over and above the existing $5.2 billion offered.
Moreover, Icahn also proposes to arrange for an additional $2.0 billion (through its associates), if necessary. The arrangement would leave enough cash with Dell to maintain liquidity and smoothly run operations, even after returning cash to shareholders.
Even after the offer was communicated to Dell and his LBO partner Silver Lake Management LLC (a private equity firm), both declined to comment. Actually, Dell is yet to receive an approval for its buyout offer from the ISS (a shareholder advisory group).
Also, Dell is awaiting the outcome of the shareholder vote scheduled on Jul 18. Icahn's offer will stand a chance only if shareholders and the ISS feel a lack of confidence in the founder and therefore consider a change of hands better for the future of the company.
Currently, Dell has a Zacks Rank #5 (Strong Sell) reflecting the pending LBO. Investors should also consider technology stocks that are performing well. Micron Technology Inc. ( MU ), EMC Corp. ( EMC ) and NetApp Inc. ( NTAP ) have a Zacks Rank #2 (Buy) and are worth investing.
DELL INC (DELL): Free Stock Analysis Report
EMC CORP -MASS (EMC): Free Stock Analysis Report
MICRON TECH (MU): Free Stock Analysis Report
NETAPP INC (NTAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Even after the offer was communicated to Dell and his LBO partner Silver Lake Management LLC (a private equity firm), both declined to comment. Dell Inc. 's ( DELL ) owner Michael Dell has yet to receive a lucrative offer from business tycoon Carl Icahn. In order to justify his alternative bid for Dell's privatization as against Michael Dell's leveraged buyout (LBO) offering of $24.4 billion, Icahn has now promised to fund $5.2 billion.
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A few days back, Icahn approached Dell's special board with a proposal to buy back 1.1 billion shares at $14.0 per share compared to Dell's $13.65 per share offer. DELL INC (DELL): Free Stock Analysis Report EMC CORP -MASS (EMC): Free Stock Analysis Report MICRON TECH (MU): Free Stock Analysis Report NETAPP INC (NTAP): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Inc. 's ( DELL ) owner Michael Dell has yet to receive a lucrative offer from business tycoon Carl Icahn.
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In order to justify his alternative bid for Dell's privatization as against Michael Dell's leveraged buyout (LBO) offering of $24.4 billion, Icahn has now promised to fund $5.2 billion. A few days back, Icahn approached Dell's special board with a proposal to buy back 1.1 billion shares at $14.0 per share compared to Dell's $13.65 per share offer. DELL INC (DELL): Free Stock Analysis Report EMC CORP -MASS (EMC): Free Stock Analysis Report MICRON TECH (MU): Free Stock Analysis Report NETAPP INC (NTAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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In order to justify his alternative bid for Dell's privatization as against Michael Dell's leveraged buyout (LBO) offering of $24.4 billion, Icahn has now promised to fund $5.2 billion. The fund will help Dell to buy back 1.1 billion shares at $14.0 a share. Dell Inc. 's ( DELL ) owner Michael Dell has yet to receive a lucrative offer from business tycoon Carl Icahn.
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d5420274-ebbc-4f69-80cf-c2b3d303d77f
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726418.0
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2013-06-27 00:00:00 UTC
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Southeastern and Carl Icahn's Ongoing Battle with Michael Dell
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DELL
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https://www.nasdaq.com/articles/southeastern-and-carl-icahns-ongoing-battle-michael-dell-2013-06-27
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nan
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nan
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As Carl Icahn 's struggle with Dell's ( DELL ) Board becomes more hostile and apparently comical, the Guru has joined Twitter. Sticking true to himself, Icahn's first tweet was a very obvious and comical jab signaling his desire to take over the technology company.
On July 18 shareholders of Dell will vote on whether or not to take the company private. The company would go private under Michael Dell (the company's CEO and founder and the majority shareholder of the company) and Silver Lake Partners funding, but Mason Hawkins ' Southeastern Asset Management alongside with Carl Icahn are strongly protesting this deal by claiming that it undervalues Dell immensely. Michael Dell has been trying his hardest to take the company private in order to pull it out of the negative spotlight, but activist investor and Guru Carl Icahn thinks the CEO is trying to get the company back cheaply and at a disadvantage to its stockholders. Recently, the company has been fading into the back of the market as it has continued to miss its quarterly earnings targets as well as Wall Street's expectations for the company.
According to a recent SEC filing, the pursuit of taking Dell private began in 2010.
In Jan. 2013 the relationship between Southeastern Asset Management and Dell negatively intensified. Southeastern and Dell began discussing different potential transactions and directions in which the company could go. Southeastern indicated that it had read reports of a potential going private transaction that was in the range of $14 to $15 per share. To which Southeastern indicated that it would contest any deal at that valuation if it didn't offer existing stockholders a choice to roll over at least a portion of their equity interests in Dell. At this point Southeastern requested that Dell offer the firm information about any proposed going private or other material transactions, which was declined by Dell.
On Feb. 5, 2013, Dell announced its plan to go private at $13.65 per share. Dell's website reports the following:
Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold, in a transaction valued at approximately $24.4 billion. The price represents a premium of 25 percent over Dell's closing share price of $10.88 on Jan. 11, 2013, the last trading day before rumors of a possible going-private transaction were first published; and a premium of approximately 37 percent over the average closing share price during the previous 90 calendar days ending Jan. 11, 2013. The buyers will acquire for cash all of the outstanding shares of Dell not held by Mr. Dell and parties related to him.
On Feb. 8, Southeastern issued a letter to the Dell Board essentially expressing their displeasure in the valuation and the terms of the deal they were proposing. The letter also indicated that the firm would vote against the deal, while also considering a proxy fight and litigation claims.
In early March, Carl Icahn entered the equation. Both Icahn and Southeastern issued letters to the Dell Board reemphasizing their opposition to the deal to go private. Both parties entered into confidentiality agreements with Dell to find out more information and to discuss alternative plans.
On March 22, Icahn delivered a letter to the board that included an acquisition proposal.
On May 9, Southeastern and Icahn jointly sent a letter to the Dell Board disclosing that the two parties had formed a group in order to promote certain proposals related to Dell. Among these proposals was one that stated that Dell stockholders would maintain their equity position in the company and would also be awarded the opportunity to receive a distribution of $12 per share in either cash or stock.
On May 10, Icahn disclosed that he owns 4.52% of the company's common stock.
On May 15, Longleaf Partners Fund, Southeastern Managements' largest client, exercised 25 million Dec. 2015 call options with certain counterparties. This move gave Southeastern the right to exercise voting authority over the underlying securities.
On May 17, Southeastern disclosed that it had become a member of a 10% ownership with Icahn.
On May 20, Icahn filed his Form 3 disclosing that he had become a member of the 10% ownership with Southeastern. Later that day, the Dell Special Committee sent a letter to both Southeastern and Icahn essentially stating that the special committee was not allowed to provide the two parties with the requests for information that they had made unless the alternative transaction that they had proposed could "reasonably be expected to result in a Superior Proposal" as defined by the merger agreement.
Most recently on Jun 18, Icahn proposed (in an open letter) to Dell stockholders, that Dell should engage in a tender offer to repurchase the company's common stock. Icahn also stated that he would attempt to beat the current go-private proposal, and that he would then elect a new Dell board during the 2013 annual meeting. His candidates would clearly not include the company's CEO and Founder, Michael Dell.
On the 18 th , Icahn also disclosed that he had purchased over 72 million shares of Dell stock from Southeastern Asset Management, and alongside that purchase, Southeastern reaffirmed that they would be voting against the current Dell deal. Together, Icahn and Southeastern own nearly 13% of Dell shares.
The Special Committee released a response saying:
Mr. Icahn's concept is not, in its present state, a transaction that the Special Committee could endorse and execute - there is neither financing, nor any commitment from any party to participate, nor any remedy for the company and its shareholders if the transaction is not consummated.
With both Michael Dell and Carl Icahn fighting tooth and nail for this company with no signs of giving up, we'll have to wait and see what happens at the July 18 shareholder vote.
You can check out Carl Icahn's current portfolio here. Also check out Carl Icahn's most recent buy of Dell shares.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Among these proposals was one that stated that Dell stockholders would maintain their equity position in the company and would also be awarded the opportunity to receive a distribution of $12 per share in either cash or stock. With both Michael Dell and Carl Icahn fighting tooth and nail for this company with no signs of giving up, we'll have to wait and see what happens at the July 18 shareholder vote. Also check out Carl Icahn's most recent buy of Dell shares.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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The company would go private under Michael Dell (the company's CEO and founder and the majority shareholder of the company) and Silver Lake Partners funding, but Mason Hawkins ' Southeastern Asset Management alongside with Carl Icahn are strongly protesting this deal by claiming that it undervalues Dell immensely. Dell's website reports the following: Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold, in a transaction valued at approximately $24.4 billion. On the 18 th , Icahn also disclosed that he had purchased over 72 million shares of Dell stock from Southeastern Asset Management, and alongside that purchase, Southeastern reaffirmed that they would be voting against the current Dell deal.
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The company would go private under Michael Dell (the company's CEO and founder and the majority shareholder of the company) and Silver Lake Partners funding, but Mason Hawkins ' Southeastern Asset Management alongside with Carl Icahn are strongly protesting this deal by claiming that it undervalues Dell immensely. Most recently on Jun 18, Icahn proposed (in an open letter) to Dell stockholders, that Dell should engage in a tender offer to repurchase the company's common stock. On the 18 th , Icahn also disclosed that he had purchased over 72 million shares of Dell stock from Southeastern Asset Management, and alongside that purchase, Southeastern reaffirmed that they would be voting against the current Dell deal.
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Michael Dell has been trying his hardest to take the company private in order to pull it out of the negative spotlight, but activist investor and Guru Carl Icahn thinks the CEO is trying to get the company back cheaply and at a disadvantage to its stockholders. On the 18 th , Icahn also disclosed that he had purchased over 72 million shares of Dell stock from Southeastern Asset Management, and alongside that purchase, Southeastern reaffirmed that they would be voting against the current Dell deal. Together, Icahn and Southeastern own nearly 13% of Dell shares.
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702eff43-2eed-4ac9-b6f6-54b4ce669dc9
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726419.0
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2013-06-21 00:00:00 UTC
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In Insider Trading, Carl Icahn Doubles His Stake in Dell Inc. With a Major Purchase
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DELL
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https://www.nasdaq.com/articles/insider-trading-carl-icahn-doubles-his-stake-dell-inc-major-purchase-2013-06-21
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nan
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nan
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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Thursday, June 20, 2013.
Notable Purchases:
The billionaire investor Carl Icahn bought 72,010,328 shares of Dell Inc. ( DELL ) for $973,579,648, increasing his total stake to 152,478,656 shares, worth $ 2.04 billion at the stock's current price of $13.36.
The employee-owned investment manager Whippoorwill Associates Inc bought 71,144 shares of US Concrete Inc ( USCR ) for $1,113,406.
Bruce Kovner, a Director of Synta Pharmaceuticals Corp. ( SNTA ), bought 200,000 shares of company stock for $799,160.
Phillip Goldstein, a Director of non-diversified, closed-end management investment company MVC Capital, Inc. ( MVC ), bought 37,671 shares of company stock for $479,175.
For more insider trades, see the charts below.
Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes
An important note from Jonathan Moreland, founder of Insider Insights :
In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders."
Please note, however, that the lists above are strictly factual; they are not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.
At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.
Jonathan Moreland is also the author of " Profit From Legal Insider Trading."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here's a look at the most significant inside sales and purchases filed with the SEC on Thursday, June 20, 2013. Notable Purchases: The billionaire investor Carl Icahn bought 72,010,328 shares of Dell Inc. ( DELL ) for $973,579,648, increasing his total stake to 152,478,656 shares, worth $ 2.04 billion at the stock's current price of $13.36. The employee-owned investment manager Whippoorwill Associates Inc bought 71,144 shares of US Concrete Inc ( USCR ) for $1,113,406. At InsiderInsights.com, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Here's a look at the most significant inside sales and purchases filed with the SEC on Thursday, June 20, 2013. Notable Purchases: The billionaire investor Carl Icahn bought 72,010,328 shares of Dell Inc. ( DELL ) for $973,579,648, increasing his total stake to 152,478,656 shares, worth $ 2.04 billion at the stock's current price of $13.36. Phillip Goldstein, a Director of non-diversified, closed-end management investment company MVC Capital, Inc. ( MVC ), bought 37,671 shares of company stock for $479,175.
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Here's a look at the most significant inside sales and purchases filed with the SEC on Thursday, June 20, 2013. Notable Purchases: The billionaire investor Carl Icahn bought 72,010,328 shares of Dell Inc. ( DELL ) for $973,579,648, increasing his total stake to 152,478,656 shares, worth $ 2.04 billion at the stock's current price of $13.36. Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes An important note from Jonathan Moreland, founder of Insider Insights : In a victory for common sense, it has been proven profitable -- by both academic studies and (more importantly) the experience of your fellow professional investors -- to monitor the trading behavior of company executives, directors, and large shareholders in the stocks of firms of which they're registered as "insiders." Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.
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Here's a look at the most significant inside sales and purchases filed with the SEC on Thursday, June 20, 2013. Notable Purchases: The billionaire investor Carl Icahn bought 72,010,328 shares of Dell Inc. ( DELL ) for $973,579,648, increasing his total stake to 152,478,656 shares, worth $ 2.04 billion at the stock's current price of $13.36. Phillip Goldstein, a Director of non-diversified, closed-end management investment company MVC Capital, Inc. ( MVC ), bought 37,671 shares of company stock for $479,175. For more insider trades, see the charts below.
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1bb538fa-63e9-4514-9fc5-91ec309229e2
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726420.0
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2013-06-21 00:00:00 UTC
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What the Gurus Did This Week - Real Time Guru Activities Update
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DELL
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https://www.nasdaq.com/articles/what-gurus-did-week-real-time-guru-activities-update-2013-06-21
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nan
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nan
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This past week was a slower week in guru real-time activity, with four gurus reporting changes to their portfolios. Richard Blum , George Soros and Mario Gabelli made slight changes in their holdings, while Carl Icahn made a significant increase to one of his holdings.
Mario Gabelli
Mario Gabelli increased his holdings in Lufkin Industries ( LUFK ) by 11.43% on June 14. Gabelli added a total of 197,607 shares of Lufkin at an average price of $88.47 per share, representing a 0.11% impact to his portfolio. Gabelli currently holds 1,926,420 shares of Lufkin Industries, representing 5.72% of the company's shares outstanding.
Since the end of the first quarter, Gabelli has increased his position in Lufkin four times, adding a total of 1,348,320 shares to his holdings.
Gabelli's holding history of Lufkin as of the first quarter:
Gabelli's increases also come as the price of Lufkin stock has hit a plateau in the $88 per share range.
Lufkin Industries is an oilfield and power transmission company based out of Lufkin, Texas. The company designs, manufactures and services a broad suite of Artificial Lift and Automation services to optimize and extend the production life of wells. The company also designs, manufactures and services precision speed increasing gearboxes and specialized bearings for the energy industry.
The analysis on the company reports:
� The dividend yield is close to a 2-year low.
� The P/S ratio is at a 1-year high.
� The gross and operating margins have been in a 5-year decline with average rates of decline annually of 3.1% and 9.2%, respectively.
� The company has shown predictable revenue and earnings growth.
Lufkin's historical price, revenue and net income:
The Peter Lynch Valuation Chart shows that Lufkin appears to be overvalued :
Lufkin has a market cap of $3 billion; its shares were traded at around $88.48 with a P/E ratio of 33.30 and a P/S ratio of 2.30. The company had an annual average earnings growth of 14.5% over the past 10 years. GuruFocus rated Lufkin the business predictability rank of 2.5-star.
There are currently five gurus that hold a stake in Lufkin. Click here to see their holding histories.
Richard Blum
This week Guru Richard Blum made two decreases of his holdings in Career Education Corporation ( CECO ) . Blum has been pulling money out of the company since the first quarter of 2012.
On June 17, Blum reduced his holdings 1.71% by selling 150,000 shares of CECO. He sold his shares at an average price of $2.82. Since this sell, the price per share has decreased approximately 5%.
Most recently, on June 20, Blum reduced his holdings in CECO by -3.89%. Blum sold a total of 336,360 shares at an average price of $2.69 per share, representing a -0.14% impact to his portfolio. Blum still owns 8,307,623 shares, making up approximately 12.23% of the company's shares outstanding.
Richard Blum's holding history of Career Education Corporation as of the end of the first quarter:
[size=13px; line-height: 1.22]Career Education Corporation offers educational services to a diverse student population of over 116,000 students across the world in a variety of career-oriented disciplines. The approximately 90 campuses that serve these students are located throughout the U.S. and in France, Italy and the UK, and offer doctoral, master's, bachelors and associate degrees and diploma and certificate programs.[/size]
The analysis on the company reports:
� The revenue has been in decline over the past year.
� The P/S ratio is at a 10-year low.
CECO's historical price, revenue and net income:
Career Education Corp. has a market cap of $183.6 million; its shares were traded at around $2.65 with a P/E ratio of 14.30 and a P/S ratio of 0.10.
Richard Blum, Chuck Royce and Jim Simons all hold stake in CECO. Click here to see their holding histories.
Carl Icahn
Carl Icahn furthered his controversial position in Dell ( DELL ) on June 18 making his fund, Icahn Capital Management, the largest institutional shareholder of the company. This buy came as Icahn continues to put the pressure on Dell in his attempt to buyout the company.
In his most recent increase, Carl Icahn increased his holdings in Dell by 89.49%. Icahn bought 72,010,328 shares for approximately $13.41 per share. The guru currently holds 152,478,650 shares of Dell, representing a 5.72% impact to his portfolio and 8.73% of the company's shares outstanding.
Icahn is now the second largest shareholder behind Michael Dell, the founder and CEO of Dell, who owns nearly 270 million shares of his company.
Icahn's holding history of Dell as of the end of the first quarter:
The Company offers a range of technology solutions, including servers and networking products, storage products, services, software and peripherals, mobility products, and desktop PCs. Dell sells its products and services directly to customers through dedicated sales representatives, telephone-based sales, and online sales, and through a variety of other sales distribution channels.
The analysis on Dell reports:
� The revenue has been in decline for the past year.
� The price is close to a 1-year high of $14.33
� The P/S ratio is close to a 1-year high of 0.44.
� The company has issued $2.5 billion in debt over the past three years.
� The operating margin has shown signs of expansion.
� The dividend yield is close to a 1-year high.
Dell's historical price, revenue and net income:
According to the Peter Lynch Valuation Chart, Dell appears to be undervalued :
Dell has a market cap of $23.5 billion; its shares were traded at around $13.34 with a P/E ratio of 12.60 and a P/S ratio of 0.40. The dividend yield for Dell stocks is 1.80%. The company had an annual average earnings growth of 5.4% over the past 10 years. GuruFocus rated Dell the business predictability rank of 3-star.
There are currently 24 gurus that hold positions in Dell. Click here to see their holding histories.
George Soros
On June 18, George Soros reduced his holdings in Exar Corporation ( EXAR ) by -0.57%. Soros sold a total of 35,878 shares of Exar at an average price of $11.60. Since his sell, the price per share has decreased approximately 4%. Soros still holds on to 6,257,579 shares, representing 13.55% of the company's shares outstanding.
Soros' holding history of Exar at the end of the first quarter:
Exar Corp. designs, develops and markets high performance, analog mixed-signal integrated circuits and advanced sub-system solutions for the networking and storage, industrial and embedded systems and communications infrastructure markets. The company's product portfolio includes power management and connectivity components, communications products, network security and storage optimization solutions.
The analysis on Exar reports:
� The revenue has been in decline for the past three years.
� The company's P/B ratio is at a 10-year high.
� The company's P/S ratio is near a 5-year high of 4.42.
Exar's historical price, revenue and net income:
According to the Peter Lynch Valuation Chart, Exar appears to be overvalued :
Exar Corp. has a market cap of $541.8 million; its shares were traded at around $11.43 with a P/E ratio of 190.50 and a P/S ratio of 4.30.
George Soros, Chuck Royce and Jim Simons hold shares of Exar Corp. Click here to see their holding histories.
You can view the complete list of Guru Real Time activity here. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Carl Icahn Carl Icahn furthered his controversial position in Dell ( DELL ) on June 18 making his fund, Icahn Capital Management, the largest institutional shareholder of the company. This buy came as Icahn continues to put the pressure on Dell in his attempt to buyout the company. In his most recent increase, Carl Icahn increased his holdings in Dell by 89.49%.
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Dell's historical price, revenue and net income: According to the Peter Lynch Valuation Chart, Dell appears to be undervalued : Dell has a market cap of $23.5 billion; its shares were traded at around $13.34 with a P/E ratio of 12.60 and a P/S ratio of 0.40. Carl Icahn Carl Icahn furthered his controversial position in Dell ( DELL ) on June 18 making his fund, Icahn Capital Management, the largest institutional shareholder of the company. This buy came as Icahn continues to put the pressure on Dell in his attempt to buyout the company.
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The guru currently holds 152,478,650 shares of Dell, representing a 5.72% impact to his portfolio and 8.73% of the company's shares outstanding. Dell's historical price, revenue and net income: According to the Peter Lynch Valuation Chart, Dell appears to be undervalued : Dell has a market cap of $23.5 billion; its shares were traded at around $13.34 with a P/E ratio of 12.60 and a P/S ratio of 0.40. Carl Icahn Carl Icahn furthered his controversial position in Dell ( DELL ) on June 18 making his fund, Icahn Capital Management, the largest institutional shareholder of the company.
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The dividend yield for Dell stocks is 1.80%. Carl Icahn Carl Icahn furthered his controversial position in Dell ( DELL ) on June 18 making his fund, Icahn Capital Management, the largest institutional shareholder of the company. This buy came as Icahn continues to put the pressure on Dell in his attempt to buyout the company.
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56e105f1-d4ff-4b66-8c0e-828fad9542fa
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726421.0
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2013-06-21 00:00:00 UTC
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Tech News: Michael Dell Is Getting Desperate
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DELL
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https://www.nasdaq.com/articles/tech-news-michael-dell-getting-desperate-2013-06-21
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nan
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nan
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Michael Dell Is Getting Desperate to Take His Company Private
For months now Michael Dell has been trying to take the company he founded, Dell Inc ( DELL ) private, and now, he is trying his best to seal the deal. Today, the company, in anticipation of a July 18 shareholders' vote, called on shareholders to approve the $24.4 billion buyout offer made by Dell and the private equity firm Silver Lake, arguing that the offer is the best choice given the other strategic options available to keep the company afloat.
In a letter to investors, Dell's board said, "A sale to the Michael Dell/Silver Lake group... is the best alternative available - in a challenging business environment it offers certainty and a very material premium over pre-announcement trading prices."
The strongest competition to Michael Dell comes from Carl Icahn, Southeastern Asset Management, and their leveraged recapitalization plan for the company. Icahn, who after a major insider purchase filed yesterday owns over 150 million shares of Dell, has threatened that he will rally shareholders to vote against Dell's buyout offer if his plan is rejected.
Firing Back at Twitter's Vine, Instagram's New Video Service Gives Users 15 Seconds to Record
Yesterday, at a press event held at Facebook Inc's ( FB ) headquarters, Kevin Systrom, the co-founder and CEO of Instagram, introduced "Video on Instagram," the video-sharing service from the wildly popular picture-sharing service that allows users to share 15-second videos. That is, of course, nine seconds longer than Twitter's Vine service allows.
Also included in Instagram's new app are 13 filters, image stabilization, and the ability to delete the last clip taken, all features that Vine does not have. With the announcement, Facebook, which owns Instagram, seems to be squaring off more directly with Twitter than it has in the past.
Google Faces a Deletion Order for Street View Data From an English Government Agency
The Information Commissioner's Office, the data-regulating agency of the British government, has submitted an order to Google Inc ( GOOG ) to delete personal data acquired by its Street View cars, or else face court action. The enforcement notice gives Google 35 days to delete images captured for the project, which populate Google's Earth and Maps applications.
Controversy over the project, launched in 2010, comes from the fact that Google has to be able to locate exactly the properties it is taking pictures of, so it uses a computer program that employs local Wi-Fi outlets. Accessing those Wi-Fi outlets, Google also collects bits of data from them.
Britain launched an inquiry into the matter in 2010 but eventually concluded there was not sufficient evidence to prove that Google was collecting personal data on a corporate level. The new notice from the ICO comes with heightened awareness of how Google approaches its Street View project.
Google will comply with the notice, and as the company said in a statement, "We work hard to get privacy right at Google. But in this case we didn't, which is why we quickly tightened up our systems to address the issue. The project leaders never wanted this data, and didn't use it or even look at it."
The FAA Will Loosen Up Rules on In-Flight Electronic Use
According to a story published by the Wall Street Journal , the Federal Aviation Administration is expected to relax its restrictions on the use of electronic devices at lower altitudes (electronic devices are permitted for use at cruising altitudes). Currently, electronic devices are prohibited below 10,000 feet due to concerns that wireless signals from the devices can interfere with communications between the plane and air control. The FAA advisory panel has found that today's airplanes are much more tolerant of wireless signals from passenger devices, and that in general, most devices use less power and a weaker signal now then in the past.
Not included on the list of items to loosen restrictions on are cell phones, though the advisory board has said they plan to keep consideration on the table and plan "to provide a separate addendum" for cell phones that the FAA "may or may not address."
Follow me on Twitter: @JoshWolonick and @Minyanville
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In a letter to investors, Dell's board said, "A sale to the Michael Dell/Silver Lake group... is the best alternative available - in a challenging business environment it offers certainty and a very material premium over pre-announcement trading prices." Michael Dell Is Getting Desperate to Take His Company Private For months now Michael Dell has been trying to take the company he founded, Dell Inc ( DELL ) private, and now, he is trying his best to seal the deal. Today, the company, in anticipation of a July 18 shareholders' vote, called on shareholders to approve the $24.4 billion buyout offer made by Dell and the private equity firm Silver Lake, arguing that the offer is the best choice given the other strategic options available to keep the company afloat.
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Michael Dell Is Getting Desperate to Take His Company Private For months now Michael Dell has been trying to take the company he founded, Dell Inc ( DELL ) private, and now, he is trying his best to seal the deal. Today, the company, in anticipation of a July 18 shareholders' vote, called on shareholders to approve the $24.4 billion buyout offer made by Dell and the private equity firm Silver Lake, arguing that the offer is the best choice given the other strategic options available to keep the company afloat. In a letter to investors, Dell's board said, "A sale to the Michael Dell/Silver Lake group... is the best alternative available - in a challenging business environment it offers certainty and a very material premium over pre-announcement trading prices."
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Michael Dell Is Getting Desperate to Take His Company Private For months now Michael Dell has been trying to take the company he founded, Dell Inc ( DELL ) private, and now, he is trying his best to seal the deal. Today, the company, in anticipation of a July 18 shareholders' vote, called on shareholders to approve the $24.4 billion buyout offer made by Dell and the private equity firm Silver Lake, arguing that the offer is the best choice given the other strategic options available to keep the company afloat. In a letter to investors, Dell's board said, "A sale to the Michael Dell/Silver Lake group... is the best alternative available - in a challenging business environment it offers certainty and a very material premium over pre-announcement trading prices."
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Michael Dell Is Getting Desperate to Take His Company Private For months now Michael Dell has been trying to take the company he founded, Dell Inc ( DELL ) private, and now, he is trying his best to seal the deal. Today, the company, in anticipation of a July 18 shareholders' vote, called on shareholders to approve the $24.4 billion buyout offer made by Dell and the private equity firm Silver Lake, arguing that the offer is the best choice given the other strategic options available to keep the company afloat. In a letter to investors, Dell's board said, "A sale to the Michael Dell/Silver Lake group... is the best alternative available - in a challenging business environment it offers certainty and a very material premium over pre-announcement trading prices."
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ea0ebed0-bd2d-4e42-b445-5334d5f1a838
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726422.0
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2013-06-20 00:00:00 UTC
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X Factor: 5 Stocks Reaching Their Ex-Dividend Date on June 27
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DELL
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https://www.nasdaq.com/articles/x-factor-5-stocks-reaching-their-ex-dividend-date-june-27-2013-06-20
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nan
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nan
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Many stocks will reach their ex-dividend date next Thursday, which is significant for investors as the seller of the stock on that date, not the buyer, receives the most recent dividend.
A stock must be bought one day before the ex-dividend date to claim any dividends that have been announced but not yet paid. The company determines on the record date, which usually occurs two days after the ex-dividend date, which shareholders qualify for the dividend. Shareholders listed as holders of record after the record date then receive their dividend on the date of payment established by the company. Those purchasing right before the record date forfeit the dividend and normally get the stock for a reduced amount.
It may seem an anachronism in this era of high frequency trading, but the dividend rate rules are in force since it can still take up to three business days for transactions to be credited to and settled in an investor's account.
Below are five stocks that schedule June 27 as their ex-dividend date. All annual yields are estimated.
American Eagle Outfitters ( AEO ) yields 2.67% annually and has a market cap of $3.16 billion. The apparel and accessories retailer in North America will pay a quarterly dividend of $0.125 on July 12, and the quarterly yield will be 0.67% based on yesterday's closing price of $18.72. The company has paid a quarterly dividend since the second half of 2004.
Cardinal Health Inc ( CAH ) yields 2.50% annually and has a market cap of $16.53 billion. The health care services company will pay a quarterly dividend of $0.3025 on July 15, and the quarterly yield of the dividend will be 0.61% based on yesterday's closing price of $48.37. The company has paid a quarterly dividend since 1986.
Dell Inc. ( DELL ) yields 2.39% annually and has a market cap of $23.55 billion. The information technology company will pay a quarterly dividend of $0.08 on July 22, and the quarterly yield will be 0.60% based on yesterday's closing price of $13.41. The company began paying a quarterly dividend last year.
Mondelez International Inc ( MDLZ ) yields 1.76% annually and has a market cap of $52.69 billion. The global food and beverage company will pay a quarterly dividend of $0.13 on July 15, and its quarterly yield will be 0.44% based on yesterday's closing price of $29.53. The company has paid a quarterly dividend since the end of 2001, and each dividend payment has either increased or remained the same from the prior quarter.
EMC Corporation ( EMC ) yields 1.61% annually and has a market cap of $52.23 billion. The provider of information infrastructure and virtual infrastructure technologies and services will pay a quarterly dividend of $0.10 on July 23, and the quarterly yield will be 0.87% based on yesterday's closing price of $24.86. The company has only paid a dividend one other time in 2001.
These companies also have their ex-dividend date on June 27. All annual yields are estimated.
Stifel Financial Corp. (SFN) yields 5.20% annually and will pay a quarterly dividend of $0.3359 on July 15.
Pebblebrook Hotel Trust (PEB) yields 2.51% quarterly and will pay a quarterly dividend of $0.16 on July 15.
Ingredion Inc (INGR) yields 2.23% annually and will pay a quarterly dividend of $0.38 on July 25.
Choice Hotels International Inc (CHH) yields 1.82% annually and will pay a quarterly dividend of $0.185 on July 15.
Raymond James Financial, Inc. (RJF) yields 1.29% annually and will pay a quarterly dividend of $0.14 on July 15.
Purchase -- and have your broker settle -- before the ex-dividend date to secure the dividend.
Twitter: @ChrisWitrak
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Inc. ( DELL ) yields 2.39% annually and has a market cap of $23.55 billion. It may seem an anachronism in this era of high frequency trading, but the dividend rate rules are in force since it can still take up to three business days for transactions to be credited to and settled in an investor's account. Choice Hotels International Inc (CHH) yields 1.82% annually and will pay a quarterly dividend of $0.185 on July 15.
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Dell Inc. ( DELL ) yields 2.39% annually and has a market cap of $23.55 billion. The health care services company will pay a quarterly dividend of $0.3025 on July 15, and the quarterly yield of the dividend will be 0.61% based on yesterday's closing price of $48.37. The information technology company will pay a quarterly dividend of $0.08 on July 22, and the quarterly yield will be 0.60% based on yesterday's closing price of $13.41.
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Dell Inc. ( DELL ) yields 2.39% annually and has a market cap of $23.55 billion. The health care services company will pay a quarterly dividend of $0.3025 on July 15, and the quarterly yield of the dividend will be 0.61% based on yesterday's closing price of $48.37. The information technology company will pay a quarterly dividend of $0.08 on July 22, and the quarterly yield will be 0.60% based on yesterday's closing price of $13.41.
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Dell Inc. ( DELL ) yields 2.39% annually and has a market cap of $23.55 billion. The health care services company will pay a quarterly dividend of $0.3025 on July 15, and the quarterly yield of the dividend will be 0.61% based on yesterday's closing price of $48.37. The information technology company will pay a quarterly dividend of $0.08 on July 22, and the quarterly yield will be 0.60% based on yesterday's closing price of $13.41.
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145cadb0-0e34-4e2d-895d-4ceef6091364
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726423.0
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2013-06-19 00:00:00 UTC
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Icahn Gives Dell Share Buyback Offer - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/icahn-gives-dell-share-buyback-offer-analyst-blog-2013-06-19
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nan
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nan
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There has been a development in the battle over Dell Inc. ( DELL ) between Michael Dell and Carl Icahn. The Dell Special Committee has received a fresh proposal from the billionaire investor, wherein he suggested that Dell shareholders sell all their shares to Dell for a sum totalling $16 billion.
This is a fresh move made by Icahn. In a month's time, Dell shareholders will vote for or against the $24.4 billion ($13.65 a share) bid made by Michael Dell and private equity firm Silver Lake; Icahn needs to act before that.
Icahn is campaigning against the offer made by Michael Dell, saying that the shares were being undervalued. Some newly appointed directors would bring about a more favorable outcome for shareholders. The new board would approve of Dell buying back shares at the rate of $14 a share, higher than the current bidding price of $13.65 offered by Dell and Silver Lake.
Previously, in March, after Dell announced its intention to go private, Icahn offered a counter bid. While Icahn offered to pay the investors $12 a share in cash or stock, he also allowed the shareholders to hold to their share of the company. After evaluating the deal, Dell's board came to the conclusion that Icahn's offer would result in a $3.9 billion funding gap, reducing the dividend figure to $10 a share from $12 per share, which in turn would give rise to liquidity issues for the company.
Dell's attempt to go private is seeing a number of challenges with Michael Dell - Carl Icahn conflicts, resulting in significant delays and uncertainties. However, the possibility of a higher return to shareholders has kept prices buoyant.
Dell has been hard-hit by the slowdown in the PC market. Moreover, the company is up against cutthroat competition, low business growth in Europe and a restricted spending environment. The competition faced by the company in the Small & Medium Business (SMB) and server segments is also a concern. This is the main reason that founder Michael Dell sought to reinvent the company.
Dell carries a Zacks Rank #5 (Strong Sell).
Investors can consider other stocks in the technology space such as Pegasystems Inc. ( PEGA ) or SAP AG ( SAP ), both of which carry a Zacks Rank #1 (Strong Buy) and Progress Software ( PRGS ), carrying a Zacks Rank #2 (Buy).
DELL INC (DELL): Free Stock Analysis Report
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PROGRESS SOFTWA (PRGS): Free Stock Analysis Report
SAP AG ADR (SAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Previously, in March, after Dell announced its intention to go private, Icahn offered a counter bid. There has been a development in the battle over Dell Inc. ( DELL ) between Michael Dell and Carl Icahn. The Dell Special Committee has received a fresh proposal from the billionaire investor, wherein he suggested that Dell shareholders sell all their shares to Dell for a sum totalling $16 billion.
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In a month's time, Dell shareholders will vote for or against the $24.4 billion ($13.65 a share) bid made by Michael Dell and private equity firm Silver Lake; Icahn needs to act before that. DELL INC (DELL): Free Stock Analysis Report PEGASYSTEMS INC (PEGA): Free Stock Analysis Report PROGRESS SOFTWA (PRGS): Free Stock Analysis Report SAP AG ADR (SAP): Free Stock Analysis Report To read this article on Zacks.com click here. There has been a development in the battle over Dell Inc. ( DELL ) between Michael Dell and Carl Icahn.
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There has been a development in the battle over Dell Inc. ( DELL ) between Michael Dell and Carl Icahn. The Dell Special Committee has received a fresh proposal from the billionaire investor, wherein he suggested that Dell shareholders sell all their shares to Dell for a sum totalling $16 billion. DELL INC (DELL): Free Stock Analysis Report PEGASYSTEMS INC (PEGA): Free Stock Analysis Report PROGRESS SOFTWA (PRGS): Free Stock Analysis Report SAP AG ADR (SAP): Free Stock Analysis Report To read this article on Zacks.com click here.
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In a month's time, Dell shareholders will vote for or against the $24.4 billion ($13.65 a share) bid made by Michael Dell and private equity firm Silver Lake; Icahn needs to act before that. Icahn is campaigning against the offer made by Michael Dell, saying that the shares were being undervalued. The new board would approve of Dell buying back shares at the rate of $14 a share, higher than the current bidding price of $13.65 offered by Dell and Silver Lake.
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c898993a-6cd9-4974-bbb8-ad59787a5ce9
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726424.0
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2013-06-18 00:00:00 UTC
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Dell Beats Peers with PowerEdge Servers - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-beats-peers-with-poweredge-servers-analyst-blog-2013-06-18
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nan
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nan
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Dell Inc. ( DELL ) is going through a revival phase as it begins acting on the strategies discussed in the Dell Enterprise forum in June 2013, to evolve its business model.
Dell has adopted some innovative solutions, which include the PowerEdge 12th generation servers. These servers are designed to attract more customers and address more dynamic business requirements. While they increase the level of business efficiency, productivity and reliability, they effectively reduce costs.
Dell is making valuable contribution to its customers. The company has been instrumental in reducing the Chinese steel maker TAGAL's cost of ownership by 20.0%, and has been able to improve the customer response time with its enterprise solution.
Moreover, the PowerEdge server and solution helped the U.S.-based marketing agency, Lopez Negrete, to transfer large multimedia files in short time. Lopez replaced the Hewlett-Packard's ( HPQ ) SAN as well as the 3Com switches with the Dell Compellent Storage Center and Dell Networking switches.
Moreover, recently Dell helped Redstation, a co-location service provider, to gain momentum and experience growth of around 70.0% with the help of a dedicated infrastructure and cloud services in combination with its PowerEdge 12th generation servers. The company made a cost benefit analysis to choose the Dell PowerEdge servers, instead of offerings from H-P and Supermicro.
Thus, businesses and customers are getting a reasonable amount of support by opting for the Dell solution, which in turn is increasing the customer loyalty of the company in the long run.
We believe that, customer success stories are good for the company, but Dell's senior management is of the opinion that the company is facing its biggest challenge in the Consumer and Notebook segments . Moreover, r evenues have also taken a hit.
The company, however, needs to adopt innovative strategies and explore other businesses to reduce its over-dependence on PCs. The collaboration with Oracle ( ORCL ) is one of them.
In spite of all the strategies, the headwinds faced by the company make us apprehensive about its future. In the past year, the company has had its share of challenges in the form of tough competition from IBM ( IBM ) and Apple Inc. ( AAPL ), as well as a restricted spending environment which hurt revenues.
However, we expect new deal wins and privatization to help the company.
Dell Inc. has a Zacks Rank #5 (Strong Sell).
APPLE INC (AAPL): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
ORACLE CORP (ORCL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company made a cost benefit analysis to choose the Dell PowerEdge servers, instead of offerings from H-P and Supermicro. Dell Inc. ( DELL ) is going through a revival phase as it begins acting on the strategies discussed in the Dell Enterprise forum in June 2013, to evolve its business model. Dell has adopted some innovative solutions, which include the PowerEdge 12th generation servers.
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Dell has adopted some innovative solutions, which include the PowerEdge 12th generation servers. APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Inc. ( DELL ) is going through a revival phase as it begins acting on the strategies discussed in the Dell Enterprise forum in June 2013, to evolve its business model.
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Dell Inc. ( DELL ) is going through a revival phase as it begins acting on the strategies discussed in the Dell Enterprise forum in June 2013, to evolve its business model. We believe that, customer success stories are good for the company, but Dell's senior management is of the opinion that the company is facing its biggest challenge in the Consumer and Notebook segments . APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell has adopted some innovative solutions, which include the PowerEdge 12th generation servers. Thus, businesses and customers are getting a reasonable amount of support by opting for the Dell solution, which in turn is increasing the customer loyalty of the company in the long run. Dell Inc. ( DELL ) is going through a revival phase as it begins acting on the strategies discussed in the Dell Enterprise forum in June 2013, to evolve its business model.
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0e183e29-65cf-4219-8448-1c035c6d4a7a
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726425.0
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2013-06-14 00:00:00 UTC
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5 Data Storage Turnaround Stocks With Value & Profit Potential
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DELL
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https://www.nasdaq.com/articles/5-data-storage-turnaround-stocks-value-profit-potential-2013-06-14
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nan
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nan
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Submitted by George Putnam, III as part of our contributors program .
If you're wondering where to invest , the valuation offered with these stock picks makes their risk return appealing.
The big energy stocks are not the only group that has been a market laggard over the past year. Many of the data storage stocks have also underperformed. Of the ten data storage related stocks discussed below, only three have outperformed the S&P 500, and half of them are down for the year-to-date.
This is rather surprising given the exploding need for data storage. Massive amounts of data are being generated every day that need to be stored somewhere. The famous "cloud," which has become a staple of technology-speak, is nothing more than a lot of huge data storage centers scattered around the country.
While the long-term demand for data storage is undeniable, the technology is developing rapidly, which increases competition and makes investors nervous. Not every name discussed below will survive and thrive, but at the current valuations these look very attractive from a risk return perspective. If you like these investment candidates, I recently identified five additional stock profit opportunities in the data storage sector.
Brocade Communications ( BRCD ) markets data storage and networking products. Operations expanded in 2007 and 2008 with acquisitions that leveraged the balance sheet just as the recession hit. A new CEO took the helm this past January. Despite recent headwinds, the company's product line remains relevant and poised for long-term growth. Strong cash flow has allowed for the reduction of debt from more than $1.1 billion at the end of 2008 to just below $600 million. Ample cash remains to fund both growth opportunities and a stock repurchase program.
EMC ( EMC ) is the 800-pound gorilla of the storage sector. The company's products and services support a wide range of corporate and governmental data storage needs. The firm's size and diversification, together with its well-regarded management, bode well for the long term. But EMC is not just relying on past laurels. For example, the company owns 80% of VMware, a leader in server virtualization, one of the fastest growing niches in the tech sector. As a result, there are ample growth opportunities, and the company's rock-solid balance sheet and strong cash flow will fuel ongoing product development.
Emulex ( ELX ) has developed a suite of connectivity products, including adapters, switches and computer chips, based on the leading industry standard called Fibre Channel. Emulex is at the forefront of the next generation of Fibre Channel technology known as 16Gb Fibre Channel or 16GFC. In fiscal 2012, Emulex was able to capture 80% of the overall market for 16GFC adapters. Management intends to continue leveraging the firm's technological advantages. The balance sheet is debt-free with ample liquidity.
Fusion-IO ( FIO ) went public in mid-2011 as one of the pioneers in a new class of server-based memory products using flash technology, which retains data even with power switched off. This provides higher speeds at lower power consumption points. Fusion-IO's customer roster includes such tech heavyweights as Apple, IBM, Hewlett-Packard, Dell and Facebook. The stock traded at lofty valuation levels for a while, but it dropped to a new post-IPO low on the news that the company's founder and CEO was departing. New CEO Shane Robinson, formerly with Hewlett Packard, has been brought in to broaden the company's scope. He has ample financial resources to work with, including no debt and solid cash flow.
Imation ( IMN ) markets a range of optical media and magnetic-tape storage devices under the Imation, Memorex, XtremeMac, IronKey and Nexsan brands. While overseeing an attractive portfolio of assets, Imation has been a bit slow to adapt to the rapidly changing storage market. But the recent expansion of its security products and the move into remote, cloud-based products could kick start a turnaround. A return to profitability, now projected for 2014, would provide a measure of encouragement. But at just 0.15 times sales and 0.43 times book value, the stock could prove to be very cheap.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Fusion-IO's customer roster includes such tech heavyweights as Apple, IBM, Hewlett-Packard, Dell and Facebook. As a result, there are ample growth opportunities, and the company's rock-solid balance sheet and strong cash flow will fuel ongoing product development. Emulex ( ELX ) has developed a suite of connectivity products, including adapters, switches and computer chips, based on the leading industry standard called Fibre Channel.
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Fusion-IO's customer roster includes such tech heavyweights as Apple, IBM, Hewlett-Packard, Dell and Facebook. If you like these investment candidates, I recently identified five additional stock profit opportunities in the data storage sector. As a result, there are ample growth opportunities, and the company's rock-solid balance sheet and strong cash flow will fuel ongoing product development.
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Fusion-IO's customer roster includes such tech heavyweights as Apple, IBM, Hewlett-Packard, Dell and Facebook. If you like these investment candidates, I recently identified five additional stock profit opportunities in the data storage sector. The company's products and services support a wide range of corporate and governmental data storage needs.
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Fusion-IO's customer roster includes such tech heavyweights as Apple, IBM, Hewlett-Packard, Dell and Facebook. If you like these investment candidates, I recently identified five additional stock profit opportunities in the data storage sector. Ample cash remains to fund both growth opportunities and a stock repurchase program.
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9562d303-3f99-40f0-a81c-752e852d2f54
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726426.0
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2013-06-13 00:00:00 UTC
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CA's CA IM 2.0 to Help Empowered - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/cas-ca-im-2.0-to-help-empowered-analyst-blog-2013-06-13
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nan
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nan
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CA Technologies ( CA ) has recently declared that Empowered, a system integrator that offers technical solutions to various networks, labs and data centers, is taking the help of CA Infrastructure Management (CA IM) 2.0 to deliver the best services to its clients.
This is helping the manage higher data volumes and new initiatives around mobility. This technology would bring together the company's own voice and IP voice/video collaborations together putting greater emphasis on the IT organizations' systems and network. Apart from this, it's also helping clients to improve their services and performance.
CA IM 2.0 is the flagship product of the CA Technologies converged infrastructure management solution. It comprises the CA Performance Management , CA Spectrum and CA Network Flow Analysis solution suite and the unified visibility helps performance management and availability, at the same time improving traffic composition through a single interface.
CA IM 2.0 supports its Enterprise IT Management (EITM) division. CA has the ability of introducing new products and services across segments at regular intervals, which includes both retail and commercial computing products. This varied portfolio of products caters to an IT customer base that is spread across the world.
The company's product portfolio is also targeted at medium-size enterprises, but some of the products, for example, its anti-virus, anti-spyware and personal firewall solutions, are also used by home and home-office users. We believe this huge product range helps attract customers across sectors, thereby lending stability to the business model of the company.
Although the company is witnessing reasonable growth across segments and its strengthening position in the cloud market, decent renewal rate, modest cash position and share repurchase activities are encouraging, CA continues to see tough competition from companies such as Dell Inc. ( DELL ), IBM ( IBM ) and Hewlett-Packard Co. ( HPQ ).
CA carries a Zacks Rank #3 (Hold).
CA INC (CA): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although the company is witnessing reasonable growth across segments and its strengthening position in the cloud market, decent renewal rate, modest cash position and share repurchase activities are encouraging, CA continues to see tough competition from companies such as Dell Inc. ( DELL ), IBM ( IBM ) and Hewlett-Packard Co. ( HPQ ). CA INC (CA): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. This technology would bring together the company's own voice and IP voice/video collaborations together putting greater emphasis on the IT organizations' systems and network.
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CA INC (CA): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Although the company is witnessing reasonable growth across segments and its strengthening position in the cloud market, decent renewal rate, modest cash position and share repurchase activities are encouraging, CA continues to see tough competition from companies such as Dell Inc. ( DELL ), IBM ( IBM ) and Hewlett-Packard Co. ( HPQ ). CA Technologies ( CA ) has recently declared that Empowered, a system integrator that offers technical solutions to various networks, labs and data centers, is taking the help of CA Infrastructure Management (CA IM) 2.0 to deliver the best services to its clients.
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CA INC (CA): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Although the company is witnessing reasonable growth across segments and its strengthening position in the cloud market, decent renewal rate, modest cash position and share repurchase activities are encouraging, CA continues to see tough competition from companies such as Dell Inc. ( DELL ), IBM ( IBM ) and Hewlett-Packard Co. ( HPQ ). CA Technologies ( CA ) has recently declared that Empowered, a system integrator that offers technical solutions to various networks, labs and data centers, is taking the help of CA Infrastructure Management (CA IM) 2.0 to deliver the best services to its clients.
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Although the company is witnessing reasonable growth across segments and its strengthening position in the cloud market, decent renewal rate, modest cash position and share repurchase activities are encouraging, CA continues to see tough competition from companies such as Dell Inc. ( DELL ), IBM ( IBM ) and Hewlett-Packard Co. ( HPQ ). CA INC (CA): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. CA Technologies ( CA ) has recently declared that Empowered, a system integrator that offers technical solutions to various networks, labs and data centers, is taking the help of CA Infrastructure Management (CA IM) 2.0 to deliver the best services to its clients.
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c65731fd-c5d8-4bb7-8583-2abd48ea93aa
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726427.0
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2013-06-12 00:00:00 UTC
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Are Donald Yacktman's New Buys Undervalued?
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DELL
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https://www.nasdaq.com/articles/are-donald-yacktmans-new-buys-undervalued-2013-06-12
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nan
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Yacktman Asset Management's Donald Yacktman looks for good, low-priced businesses that he holds for the long term. Using this strategy, he has earned prodigious returns for investors on the firm's $22 billion in assets under management.
When analyzing stocks, Yacktman's team is primarily concerned with price. Below are three valuations of Yacktman's new buys based on Peter Lynch charts, reverse DCF and P/E. It appears that he bought two of the stocks at low prices in view of most of the measures.
Dell Inc. ( DELL )
Yacktman invested in 14,912,159 shares of Dell Inc. in the fourth quarter 2012 and first quarter 2013, at average prices of $10 and $13, respectively. Dell shares have since advanced 16%, to $13.37 per share.
The Peter Lynch chart indicates that Dell is quite undervalued:
The reverse DCF calculator also reports that investors expect Dell to grow at a rate of 3.76% over the next 10 years, to justify the current share price. While Dell's revenue per share over the last 10 years surpassed this rate, growing at 7.7% annually, earnings per share fell short, at 2.5% annually.
Dell also has a P/E ratio of 12.5, which is lower than 90% of companies in the global computer systems industry.
Though Dell appears undervalued according to some metrics, it is a special case, as it is involved in a tussle between its founder and CEO Michael Dell , who wants to take the company private, and prominent shareholders such as Carl Icahn and Mason Hawkins, who have made their own bid on the company. Icahn and Hawkins believe that the $13.65 per share, or $24 billion in total, offer from Michael Dell and a private equity firm undervalues the company.
Yacktman commented on the holding in a March interview with Bloomberg, saying that he expects Dell will look much different in a year and that the PC business is a "melting ice cube."
He also said of the price: "We bought it late last year when it was under $10, at that price we felt like - my son Steve refers to us sometimes as dumpster divers. It was just dirt cheap. We just felt that even though the future was rather hazy and foggy, that at that price, it was worth more than that."
Sigma Aldrich ( SIAL )
Yacktman purchased more than 22 million shares of this new stock for three of his funds, paying $77 per share on average, in the first quarter. The price has since increased 5% to $81.15.
Sigma Aldrich, is a life science and high technology company dealing in chemicals and biochemicals, with a $9.87 billion market cap.
In the last 10 years, the company's stock has risen 197%, And the Peter Lynch chart suggests that it has been overvalued - except briefly in 2009 - since 2001.
The reverse DCF calculator also indicates that SIAL is overvalued. It says that the market expects a 15.61% EPS growth rate to justify the current share price. That means it would have to grow faster in the next 10 years than it did in the past 10 years, when EPS increased at a rate of 11.8% annually.
SIAL's P/E at 21.4 is not significantly higher or lower than its range of the previous decade:
In addition, the stock trades at close to its 10-year high share price, with a P/S ratio near the high end of its 10-year high, at 3.8.
While the company does not appear significantly undervalued by the above measures, it has a 12.25% forward rate of return, a criterion that Yacktman always looks closely at.
CH Robinson Worldwide Inc. ( CHRW )
The stock holding Yacktman increased the greatest amount in the first quarter was CH Robinson Worldwide Inc. ( CHRW ). His firm grew the position by 451%, buying more than 7 million shares, for a total of 7,819,550. They paid $61 on average for most of the shares, and the price has since dropped to $56.02.
CH Robinson is a third-party logistics company with a $9.04 billion market cap.
The Peter Lynch chart shows that CHRW recently has become quite a bit less overvalued than it has for the duration of its trading history:
The reverse DCF calculator shows that the market is expecting EPS at CHRW to grow at a rate of 10.57% in the next 10 years. The projection appears reasonable at least in light of its previous 10-year record, when it grew by 18.7% annually.
With a P/E of 15.1, CHRW has the highest P/E of all the companies in the global integrated shipping & logistics industry. It is the lowest level in 10 years of CHRW's history, however:
Likewise, its P/B of 6.07 and P/S of 0.80 are both near their 10-year low.
See more of Yacktman's stock trades here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Donald Yacktman.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Icahn and Hawkins believe that the $13.65 per share, or $24 billion in total, offer from Michael Dell and a private equity firm undervalues the company. Yacktman commented on the holding in a March interview with Bloomberg, saying that he expects Dell will look much different in a year and that the PC business is a "melting ice cube." Dell Inc. ( DELL ) Yacktman invested in 14,912,159 shares of Dell Inc. in the fourth quarter 2012 and first quarter 2013, at average prices of $10 and $13, respectively.
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The Peter Lynch chart indicates that Dell is quite undervalued: The reverse DCF calculator also reports that investors expect Dell to grow at a rate of 3.76% over the next 10 years, to justify the current share price. Dell Inc. ( DELL ) Yacktman invested in 14,912,159 shares of Dell Inc. in the fourth quarter 2012 and first quarter 2013, at average prices of $10 and $13, respectively. Dell shares have since advanced 16%, to $13.37 per share.
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Dell Inc. ( DELL ) Yacktman invested in 14,912,159 shares of Dell Inc. in the fourth quarter 2012 and first quarter 2013, at average prices of $10 and $13, respectively. The Peter Lynch chart indicates that Dell is quite undervalued: The reverse DCF calculator also reports that investors expect Dell to grow at a rate of 3.76% over the next 10 years, to justify the current share price. Dell shares have since advanced 16%, to $13.37 per share.
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Dell Inc. ( DELL ) Yacktman invested in 14,912,159 shares of Dell Inc. in the fourth quarter 2012 and first quarter 2013, at average prices of $10 and $13, respectively. The Peter Lynch chart indicates that Dell is quite undervalued: The reverse DCF calculator also reports that investors expect Dell to grow at a rate of 3.76% over the next 10 years, to justify the current share price. Dell shares have since advanced 16%, to $13.37 per share.
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a5c6381e-87ad-4169-9fd4-29d89254e17b
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726428.0
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2013-06-11 00:00:00 UTC
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Tech News: Following Amazon, Lockheed, and HP, Dell Inc. Enters the $20 Billion Government Cloud Business
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DELL
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https://www.nasdaq.com/articles/tech-news-following-amazon-lockheed-and-hp-dell-inc-enters-20-billion-government-cloud
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nan
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nan
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SoftBank Wins a Battle Against DISH, but the War for Sprint Is Not Over
With growing pressure from DISH Network Corp ( DISH ), the Japanese telecommunications and Internet company SoftBank Corp (OTCMKTS:SFTBF) increased its offer to buy out Sprint Nextel Corporation ( S ) to $21.6 billion, which is still lower than DISH Network's offers of $25.5 billion. Sprint's new bid does increase the amount of case shareholders would receive, from $4.02 to $5.50 (the DISH deal would offer shareholders $7 per share with $4.76 in cash and $2.24 in DISH stock). For the new SoftBank deal, $3 billion of that increase in cash to shareholders will be subtracted from the $4.9 billion direct investment SoftBank was already planning to put into Sprint.
SoftBank began negotiations in October 2012 to acquire the troubled telecom company, with the original plan being that SoftBank would acquire Sprint. Additionally, Sprint would acquire the wireless broadband services company Clearwire Corporation ( CLWR ) in order to expand its LTE network. However, those original plans were muddled when DISH entered the scene, making offers to buy both Sprint and Clearwire.
Sprint's board has accepted the newly revised offer from SoftBank, but has also moved its upcoming shareholders meeting from tomorrow until June 25, giving DISH until June 18 to submit its "best and final" proposal.
Dell Building a New Government Cloud Foundation to Enter the Fiercely Competitive Sector
With the market research and analysis firm International Data Corporation estimating that a quarter of the US government's $80 billion IT budget is moving to cloud infrastructure and services, Dell Inc. ( DELL ) is looking to capitalize in that sector, along with a veritable slew of competitors. The company has a new reference architecture of building a full array of cloud computers that could be used across various government agencies. The Dell government cloud is developed from Red Hat Inc's ( RHT ) OpenStack implementation, and Dell's platform-as-a-service (PaaS) for the project will be developed from Red Hat's OpenShift, which went into commercial use yesterday.
For the Dell government cloud to work, the company must attain Federal Risk and Authorization Management Program (FedRAMP) accreditation. Last month, Amazon.com, Inc.'s (AMZN) GovCloud platform was qualified, and both Hewlett-Packard Company (HPQ) and Lockheed Martin Corporation (LMT) qualified last week. Obviously competition is heightening, with about $20 billion of government spending going to cloud technology. Amazon and International Business Machine Corp. (IBM) are currently vying to develop what would have been a secret CIA cloud until the Government Accountability Office stepped in to attempt to settle the dispute (read more about that debacle here ).
Google's DoubleClick Finds Video Ads Are Growing in Volume and Diversity
The ad service DoubleClick, which is owned by Google Inc (GOOG), published new statistics today on the video ad market, revealing growth in volume, but also in diversity. The report compares the three-month period from January to March in 2012 and 2013.
Entertainment sites ran over two-thirds of video ads, but other categories like sports, electronics, and news are quickly increasing their share in online video advertisement. In fact, the report found that new publishers ran three times as many video ads as they did the year before.
A full 40% of video ads that ran during the period this year were from sites that were using video advertising for the first time. Though a seemingly obvious finding, 80% of viewers preferred skippable video ads, and were 75% more engaged with skippable content, meaning they were much less likely to close the window and abandon the advertisement.
A crucial figure the survey doesn't mention is CPM, or cost per mille, which is the cost per thousand hits. TV ads still have a much lower CPM, in general. As more and more sites and content providers employ video ads, the question will become: when will online ad spending become as or more efficient than televisions advertisements? For all the strides online ads have made, CPM figures suggest it will be many years yet.
Sony's PS4 Will Sell for $100 Less Than Microsoft's Xbox One
Yesterday was the first day of the video game industry's biggest trade show, the Electronic Entertainment Expo (E3), and Microsoft Corporation (MSFT) led things off with its keynote address, hyping its new console, the Xbox One, and announcing its $500 price tag and year-end launch. Later in the day, Sony Corporation (SNE) announced its PlayStation 4, which will also come out later this year, and will run for $400.
Further setting Sony's new console apart, the company announced, to cheers and applause, that the PS4 will not have any limitations on used games and would not require a constant Internet connection (both of these features have been announced for the Xbox One).
The new consoles will join Nintendo Co., Ltd's (OTCMKTS:NTDOY) struggling Wii-U in the next generation of home video gaming. PS4, Xbox One, and Wii-U will experience increased competition from smartphone and other mobile games that their predecessors had only begun to feel.
(See also: Occupy PlayStation Meets the Xbox One Percent .)
Follow me on Twitter: @JoshWolonick and @Minyanville
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For the Dell government cloud to work, the company must attain Federal Risk and Authorization Management Program (FedRAMP) accreditation. Dell Building a New Government Cloud Foundation to Enter the Fiercely Competitive Sector With the market research and analysis firm International Data Corporation estimating that a quarter of the US government's $80 billion IT budget is moving to cloud infrastructure and services, Dell Inc. ( DELL ) is looking to capitalize in that sector, along with a veritable slew of competitors. The Dell government cloud is developed from Red Hat Inc's ( RHT ) OpenStack implementation, and Dell's platform-as-a-service (PaaS) for the project will be developed from Red Hat's OpenShift, which went into commercial use yesterday.
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The Dell government cloud is developed from Red Hat Inc's ( RHT ) OpenStack implementation, and Dell's platform-as-a-service (PaaS) for the project will be developed from Red Hat's OpenShift, which went into commercial use yesterday. Dell Building a New Government Cloud Foundation to Enter the Fiercely Competitive Sector With the market research and analysis firm International Data Corporation estimating that a quarter of the US government's $80 billion IT budget is moving to cloud infrastructure and services, Dell Inc. ( DELL ) is looking to capitalize in that sector, along with a veritable slew of competitors. For the Dell government cloud to work, the company must attain Federal Risk and Authorization Management Program (FedRAMP) accreditation.
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Dell Building a New Government Cloud Foundation to Enter the Fiercely Competitive Sector With the market research and analysis firm International Data Corporation estimating that a quarter of the US government's $80 billion IT budget is moving to cloud infrastructure and services, Dell Inc. ( DELL ) is looking to capitalize in that sector, along with a veritable slew of competitors. The Dell government cloud is developed from Red Hat Inc's ( RHT ) OpenStack implementation, and Dell's platform-as-a-service (PaaS) for the project will be developed from Red Hat's OpenShift, which went into commercial use yesterday. For the Dell government cloud to work, the company must attain Federal Risk and Authorization Management Program (FedRAMP) accreditation.
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Dell Building a New Government Cloud Foundation to Enter the Fiercely Competitive Sector With the market research and analysis firm International Data Corporation estimating that a quarter of the US government's $80 billion IT budget is moving to cloud infrastructure and services, Dell Inc. ( DELL ) is looking to capitalize in that sector, along with a veritable slew of competitors. The Dell government cloud is developed from Red Hat Inc's ( RHT ) OpenStack implementation, and Dell's platform-as-a-service (PaaS) for the project will be developed from Red Hat's OpenShift, which went into commercial use yesterday. For the Dell government cloud to work, the company must attain Federal Risk and Authorization Management Program (FedRAMP) accreditation.
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47be9345-1071-471e-b125-54ab159d969f
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726429.0
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2013-06-10 00:00:00 UTC
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Technology Stock Roundup: MSFT Advances, INTC Softens - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/technology-stock-roundup-msft-advances-intc-softens-analyst-blog-2013-06-10
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nan
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nan
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The last week was a big one for technology companies, with Computex (the world's largest computing tradeshow) being held in Taipei and Apple seeing a rare loss to Samsung in their perennial bickering over patents.
Regarding Shows and Showcasing
Computex was all about mobile because tablets continue to cannibalize traditional computing devices. The first quarter of 2013 saw tablet shipments doubling with PCs dropping 14% (IDC). Tablets will overtake PCs by 2015, so says IDC.
Computer makers appear to be going a bit crazy as they scramble to capture a share of the mobile pie. Asian player Asustek announced a hybrid device. Built to run on both Google's ( GOOG ) Android and Microsoft's ( MSFT ) Windows 8, the Asus device is a triple play on a laptop, tablet and desktop. Acer's mini tablet is powered by Microsoft.
Other hybrids by these two companies included phablets (phone + tablet), tablet-laptops and so forth. Dell ( DELL ) also announced a convertible. True to tradition, Apple ( AAPL ) kept its distance from Computex, saving its goodies for its own event to be held next week.
On the chip level, Intel's ( INTC ) Haswell proved to be a breakthrough. While still consuming more power than competing ARM Holdings (ARMH) devices, Haswell offers much higher speeds and have a lower form factor than other Intel products.
Intel's philosophy has changed over the years and the company made it clear that Haswell could be used across all operating systems (Android, Chrome, Windows and iOS). However, the low battery life means that Intel devices are better suited for convertibles (so the extra battery can be hidden in the keyboard). Competitor ARM also announced an enhancement for midrange handsets.
Courtroom Drama
The International Trade Commission (ITC) found Apple guilty of infringing a patent and banned the import of some Apple devices. Apple said it would appeal and President Obama has 60 days to set aside the ruling. In Samsung's favor, the ITC is an independent quasi-judicial body offering technical expertise to the executive and legislature, which basically means that it is rarely overridden.
It remains to be seen if Samsung can have the ban extended to other devices until Apple licenses the technology. In Apple's favor, the ruling is with respect to older devices and some are optimistic that new product sales will not be affected.
Google's Motorola has been a drag, but it had a lucky break last week, when it settled a patent dispute with TiVo ( TIVO ). Motorola, along with Cisco ( CSCO ) and Time Warner Cable ( TWC ), has agreed to pay $490 million (far less than the billion dollars estimated by some analysts and the "billions of dollars" that TiVo itself expected). TiVo was basing its estimates on the number of set top boxes Motorola has sold Time Warner Cable. Google and Cisco will be licensing the technology.
Most of the top tech stocks performed in line with the market in the first three days of the week, but while Google, Microsoft, Yahoo and Cisco pulled ahead on Thursday and Friday, Apple, Facebook ( FB ) and Intel slumped.
Next week should also be exciting for the sector-
The Big Acquirers
Apple, Google and Yahoo ( YHOO ) are the big acquirers of small companies. In fact, the acquisitions are so small that they often don't get much print. But these three have been enthusiastic shoppers, spending millions in the last few months. So we have our eyes on them.
Promises To Keep…
Apple will be having its Worldwide Developers Conference (WWDC) this week from June 10 through June 14 where it is likely to unveil the next iOS, iPhone 5S in all-new colors (gold and grey according to rumors), new MacBooks based on Intel's Haswell processor, iRadio, wearable computing devices and more. Investors have remained unimpressed with Apple's efforts over the past few months and many feel that the company is losing its innovative edge. We wait to see if Apple delivers on its promise of "game changing" devices.
APPLE INC (AAPL): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
FACEBOOK INC-A (FB): Free Stock Analysis Report
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
TIVO INC (TIVO): Free Stock Analysis Report
TIME WARNER CAB (TWC): Free Stock Analysis Report
YAHOO! INC (YHOO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell ( DELL ) also announced a convertible. APPLE INC (AAPL): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TIVO INC (TIVO): Free Stock Analysis Report TIME WARNER CAB (TWC): Free Stock Analysis Report YAHOO! The last week was a big one for technology companies, with Computex (the world's largest computing tradeshow) being held in Taipei and Apple seeing a rare loss to Samsung in their perennial bickering over patents.
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APPLE INC (AAPL): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TIVO INC (TIVO): Free Stock Analysis Report TIME WARNER CAB (TWC): Free Stock Analysis Report YAHOO! Dell ( DELL ) also announced a convertible. Next week should also be exciting for the sector- The Big Acquirers Apple, Google and Yahoo ( YHOO ) are the big acquirers of small companies.
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APPLE INC (AAPL): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TIVO INC (TIVO): Free Stock Analysis Report TIME WARNER CAB (TWC): Free Stock Analysis Report YAHOO! Dell ( DELL ) also announced a convertible. Most of the top tech stocks performed in line with the market in the first three days of the week, but while Google, Microsoft, Yahoo and Cisco pulled ahead on Thursday and Friday, Apple, Facebook ( FB ) and Intel slumped.
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Dell ( DELL ) also announced a convertible. APPLE INC (AAPL): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report TIVO INC (TIVO): Free Stock Analysis Report TIME WARNER CAB (TWC): Free Stock Analysis Report YAHOO! The last week was a big one for technology companies, with Computex (the world's largest computing tradeshow) being held in Taipei and Apple seeing a rare loss to Samsung in their perennial bickering over patents.
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777647be-b4fb-4111-99a1-d8fb3a8a1f6e
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726430.0
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2013-06-06 00:00:00 UTC
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Oracle Pens Deal with Dell - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/oracle-pens-deal-with-dell-analyst-blog-2013-06-06
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nan
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nan
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Dell Inc. ( DELL ) has entered into a strategic alliance with Oracle Corporation ( ORCL ). The two are teaming up to introduce a new x86 infrastructure, which will help customers of both companies.
The solution will combine Oracle's software with Dell's hardware, which will enable organizations to manage applications faster and also to improve the performance, flexibility and efficiency of the system.
Through this partnership with Oracle, Dell is trying to simplify its IT infrastructure and reduce the integration costs of delivering its hardware and software as a bundle. Offering a combination of Dell and Oracle x86 infrastructure support functions will provide a single point of contact for customers.
Although Dell is making an attempt to work its way up by going into collaborations and securing deals, the company is faced with the same PC market concerns that have struck its peers. Dell's over-dependence on the segment (still around 70% of revenue) has been a matter of concern for long and is likely one of the reasons it was driven to go private.
Senior management of the company is of the opinion that Dell is facing its biggest challenge in the Consumer and Notebook segments . Revenues from the Consumer Business declined by 20.0% in the first quarter of 2014, which is a substantial fall compared with the other segments.
The company has to adopt innovative strategies, and explore other businesses to reduce its over-dependence on PCs. The collaboration with Oracle is one of the strategies that the company is adopting.
In spite of all the strategies, the headwinds faced by the company make us apprehensive about its future. In the past year, the company has had its share of challenges in the form of tough competition from Hewlett-Packard ( HPQ ) and Apple Inc. ( AAPL ), as well as a restricted spending environment which hurt revenues.
However, we expect new deal wins and privatization to help the company.
Dell Inc. has a Zacks Rank #5 (Strong Sell).
APPLE INC (AAPL): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
ORACLE CORP (ORCL): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The solution will combine Oracle's software with Dell's hardware, which will enable organizations to manage applications faster and also to improve the performance, flexibility and efficiency of the system. Although Dell is making an attempt to work its way up by going into collaborations and securing deals, the company is faced with the same PC market concerns that have struck its peers. Dell Inc. ( DELL ) has entered into a strategic alliance with Oracle Corporation ( ORCL ).
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The solution will combine Oracle's software with Dell's hardware, which will enable organizations to manage applications faster and also to improve the performance, flexibility and efficiency of the system. APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Inc. ( DELL ) has entered into a strategic alliance with Oracle Corporation ( ORCL ).
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Although Dell is making an attempt to work its way up by going into collaborations and securing deals, the company is faced with the same PC market concerns that have struck its peers. Senior management of the company is of the opinion that Dell is facing its biggest challenge in the Consumer and Notebook segments . APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here.
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Although Dell is making an attempt to work its way up by going into collaborations and securing deals, the company is faced with the same PC market concerns that have struck its peers. Dell's over-dependence on the segment (still around 70% of revenue) has been a matter of concern for long and is likely one of the reasons it was driven to go private. Senior management of the company is of the opinion that Dell is facing its biggest challenge in the Consumer and Notebook segments .
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ab8547de-7042-450f-98f6-fd9dc16cc451
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726431.0
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2013-06-05 00:00:00 UTC
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Salesforce to Acquire ExactTarget - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/salesforce-to-acquire-exacttarget-analyst-blog-2013-06-05
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nan
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nan
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The growth through acquisition continues for Salesforce.com ( CRM ). The company has recently entered into a definitive agreement to acquire the cloud marketing company, ExactTarget for approximately $2.5 billion.
As a result of this agreement, Salesforce.com will be making a purchase offer for all the shares of ExactTarget for $33.75 per share in cash. This transaction has already secured the approval of the board of directors of the companies concerned.
The news of the acquisition improved the share price of Excat Target by 53% above the closing price of $22.10, that the company witnessed this Monday, and reached a level of $33.70 when the trading day ended on Tuesday. We believe this is an expensive acquisition by Salesforce, as a result the dipped by 3.5% in Tuesday's early trade.
The acquisition will add value to Salesforce's existing portfolio. Not only will this acquisition enhance the process efficiency of both the companies, but it will also make the CRM platform more efficient in handling the sales, marketing and service function efficiently.
The digital marketing capability of ExactTarget will empower Salesforce to create a strong marketing platform throughout the email, social networking platform and the web. This acquisition boosts customers marketing effort through different medium such as email, mobile devices as well as the social media.
So, this acquisition will make it easy for Salesforce.com to tap the online marketing business. This is the largest acquisition that the company has made till date, and the eighth consecutive acquisition over a period of one year.
The deal got the approval of the board of both the companies and is expected to complete during the July quarter. Moreover, the ExactTarget acquisition will give Salesforce access to some 6000 customers of Buddy Media, which includes names like Coca-Cola, Gap Inc. ( GPS ) and Nike Inc. (NKE ).
About a year ago, Salesforce completed the acquisition of Buddy Media, which strengthened the company's social media platform.
Moreover, the company continues to win deals across its geographical reach as acquisitions have made it capable of offering new products and services. Overall, the company's diverse cloud offerings and better IT spending prospects (according to Gartner) are positives.
Although the revenue for the company has increased, but the operating efficiency of the company declined as the company could not manage its expenses well. This apart, the growth prospects of Salesforce have been rationalized to a considerable extent by the renewed focus of tech giants, such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ), in the cloud space.
In addition to this, the continued weakness in Europe, the economic challenges in Japan as well as the stiff competition offered by its peers keep us concerned.
Salesforce carries a Zacks Rank #3 (Hold).
SALESFORCE.COM (CRM): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
NIKE INC-B (NKE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This apart, the growth prospects of Salesforce have been rationalized to a considerable extent by the renewed focus of tech giants, such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ), in the cloud space. SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the ExactTarget acquisition will give Salesforce access to some 6000 customers of Buddy Media, which includes names like Coca-Cola, Gap Inc. ( GPS ) and Nike Inc. (NKE ).
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SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. This apart, the growth prospects of Salesforce have been rationalized to a considerable extent by the renewed focus of tech giants, such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ), in the cloud space. About a year ago, Salesforce completed the acquisition of Buddy Media, which strengthened the company's social media platform.
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SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. This apart, the growth prospects of Salesforce have been rationalized to a considerable extent by the renewed focus of tech giants, such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ), in the cloud space. Not only will this acquisition enhance the process efficiency of both the companies, but it will also make the CRM platform more efficient in handling the sales, marketing and service function efficiently.
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This apart, the growth prospects of Salesforce have been rationalized to a considerable extent by the renewed focus of tech giants, such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ), in the cloud space. SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GAP INC (GPS): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report NIKE INC-B (NKE): Free Stock Analysis Report To read this article on Zacks.com click here. Not only will this acquisition enhance the process efficiency of both the companies, but it will also make the CRM platform more efficient in handling the sales, marketing and service function efficiently.
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861d113b-9595-4121-9a41-99dccdd14b03
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726432.0
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2013-05-31 00:00:00 UTC
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Why Microsoft Need Not Worry About Windows 8
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DELL
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https://www.nasdaq.com/articles/why-microsoft-need-not-worry-about-windows-8-2013-05-31
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nan
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nan
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It's been a bumpy few months for Windows 8 since its launch last fall.
Global PC sales plunged 14% year-on-year in the first quarter of 2013, and much of the blame was heaped on the lukewarm reception to Windows 8. Microsoft's ( MSFT ) new operating system was supposed to provide a boost to the ailing industry but has ostensibly failed to do so.
Microsoft says that it has already shifted 100 million Windows 8 licenses, which matches the sales pace of Windows 7, but six months into the release of the former, NetApplications reports that Windows 8 only has a 3.82% share of the desktop OS market, while Windows 7 and Windows XP still dominate with 44.72% and 38.31% respectively. Back when Windows 7 was also six months old it already had an 11.94% share, NetApplications says.
Analysts at IDC say that the new Windows 8, aimed for use on both traditional PCs and tablets, has alienated customers.
The new Windows 8 interface, with "live" titles for its built-in apps, has received mixed reviews from users.
"Users are finding Windows 8 to offer a compromised experience that doesn't excel either as a new mobile interface or in a classic desktop interface," said Jay Chou, senior research analyst, according to Reuters . "As a result, many users find a decline in the traditional PC experience without gaining much from new features like touch. The result is that many consumers are worried about upgrading to Windows 8, to say nothing of business users who are still just getting into Windows 7."
Microsoft, to its credit, is taking active steps to address the many user complaints about Windows 8. The tech giant will debut the free Windows 8.1 update (code-named "Blue") later this year, which will allow users the option of launching the OS with a button on the bottom left-hand corner of their screens that is similar to the iconic 'Start' menu of previous Windows iterations.
Will the update change the fate of Windows 8? Richard Windsor, founder of the mobile-focused blog Radio Free Mobile and a former tech analyst at Nomura, says that it is almost irrelevant, because now that Apple ( AAPL ) has stopped gaining market share in the PC world, PC users will eventually have to upgrade to Windows 8, given the Microsoft hegemony of the market. So the Redmond, Washington-based company will not be too worried about the fate of Windows 8 at this point.
The lackluster reception to Windows 8 is probably of much greater concern to PC makers like Dell ( DELL ), Acer (TPE:2353), and HP ( HPQ ), who "are not sitting on a huge cash pile and 90% market share," he tells Minyanville.
Windsor argues that original equipment manufacturers need to better articulate to customers why they should upgrade to Windows 8, because "everyone know that Windows 8 exists but no one has a clue why they should buy it."
The proposition is that of a Microsoft ecosystem, "a unified experience across all devices that is integrated and easy to use. But useful and delightful is not what users see. Potential buyers are presented with what I refer to as Blue Squares of Death," he says, noting that the problem went away with Windows 7 but unfortunately resurfaced with Windows 8.
"When a user picks up a Windows Phone or a Windows 8 device at retail he or she is presented with a screen full of blue or red squares labeled People, Maps, Music, Games and so on. Hit any one of these squares and nothing is found. In most cases, the device is not even connected. This is the equivalent of going into a supercar showroom with $100,000 in your back pocket and not being able to have a test drive," opined Windsor.
"Furthermore, Microsoft offers a consistent experience from console / TV through PC, tablet and phablet all the way to the phone. These devices are never displayed together and therefore potential buyers never realize that this is an ecosystem for every device. How on earth Microsoft expects user to buy Windows Phones and Windows 8, when it does not show them what it is capable of and how wide its scope is, is a mystery."
Jeff Haynes, editor at Tech Bargains, agrees with Windsor that users will come around to Windows 8 sooner or later.
"Sure, there will be diehard holdouts that will keep Windows 7 alive, but for the most part, user options will boil down to adopting the system they hate, wait for its replacement, or move to Mac or Linux," said Haynes.
"As for [Original Equipment Manufacturers], the best thing they can do is come up with machines that are innovative, affordable, and that provide new compelling experiences within the Windows 8 ecosystem. You can see this with the rise of convertibles, ultrabooks, and the upcoming launch of processors like Intel's ( INTC ) Haswell, which purports to substantially expand the battery life of computers," Haynes added. "If they don't, the OEMs will find more and more people actively seeking to abandon Windows 8 and starting the move towards tablet computing instead of laptops and desktops.
Also see:
Xbox One, PlayStation 4 -- and Apple? -- in the Age of Convergence
Why I've Given Up Hope for Apple, Google, Microsoft to Deliver Better TV
'Pitches Are Like Blind Dates': The 11 Things Top Investors Want Startup CEOs to Know
Twitter: @sterlingwong
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The lackluster reception to Windows 8 is probably of much greater concern to PC makers like Dell ( DELL ), Acer (TPE:2353), and HP ( HPQ ), who "are not sitting on a huge cash pile and 90% market share," he tells Minyanville. "Sure, there will be diehard holdouts that will keep Windows 7 alive, but for the most part, user options will boil down to adopting the system they hate, wait for its replacement, or move to Mac or Linux," said Haynes. You can see this with the rise of convertibles, ultrabooks, and the upcoming launch of processors like Intel's ( INTC ) Haswell, which purports to substantially expand the battery life of computers," Haynes added.
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The lackluster reception to Windows 8 is probably of much greater concern to PC makers like Dell ( DELL ), Acer (TPE:2353), and HP ( HPQ ), who "are not sitting on a huge cash pile and 90% market share," he tells Minyanville. How on earth Microsoft expects user to buy Windows Phones and Windows 8, when it does not show them what it is capable of and how wide its scope is, is a mystery." -- in the Age of Convergence Why I've Given Up Hope for Apple, Google, Microsoft to Deliver Better TV 'Pitches Are Like Blind Dates': The 11 Things Top Investors Want Startup CEOs to Know Twitter: @sterlingwong The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The lackluster reception to Windows 8 is probably of much greater concern to PC makers like Dell ( DELL ), Acer (TPE:2353), and HP ( HPQ ), who "are not sitting on a huge cash pile and 90% market share," he tells Minyanville. Microsoft says that it has already shifted 100 million Windows 8 licenses, which matches the sales pace of Windows 7, but six months into the release of the former, NetApplications reports that Windows 8 only has a 3.82% share of the desktop OS market, while Windows 7 and Windows XP still dominate with 44.72% and 38.31% respectively. Richard Windsor, founder of the mobile-focused blog Radio Free Mobile and a former tech analyst at Nomura, says that it is almost irrelevant, because now that Apple ( AAPL ) has stopped gaining market share in the PC world, PC users will eventually have to upgrade to Windows 8, given the Microsoft hegemony of the market.
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The lackluster reception to Windows 8 is probably of much greater concern to PC makers like Dell ( DELL ), Acer (TPE:2353), and HP ( HPQ ), who "are not sitting on a huge cash pile and 90% market share," he tells Minyanville. Back when Windows 7 was also six months old it already had an 11.94% share, NetApplications says. "Users are finding Windows 8 to offer a compromised experience that doesn't excel either as a new mobile interface or in a classic desktop interface," said Jay Chou, senior research analyst, according to Reuters .
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6ed8f115-5bf6-40d3-8a31-67026544c306
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726433.0
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2013-05-31 00:00:00 UTC
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Pre-Market Primer: Personal Income, Consumption Reports Disappoint
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DELL
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https://www.nasdaq.com/articles/pre-market-primer-personal-income-consumption-reports-disappoint-2013-05-31
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nan
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nan
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Futures headed south today after a lackluster report on personal income and outlays.
Personal income stayed flat in April, where economists predicted a slight rise. March's month-to-month increase was revised up to 0.3%. Consumer spending fell 0.2%, where experts expected it to stay flat.
Dow (INDEXDJX:.DJI) futures are down 0.47% at 15,247. S&P 500 (INDEXSP:.INX) futures fell 0.47% to 1,645.90 and future contracts on the Nasdaq (INDEXNASDAQ:.IXIC) index fell 0.48% to 2,995.50.
After the bell, the final estimate for the May Reuters/University of Michigan consumer sentiment index is expected to match the prior reading of 83.7. Chicago PMI will also come out later this morning. Economists expect the business barometer index to rise to a flatline level of 50 after a prior estimate of 49. Readings below 50 signal a contraction.
European indicies are down today as a spate of poor economic data hit the wires.
Consumers in Europe's core are still cautious. Retail spending in Germany fell 0.4% in April. Consumer spending was also down 0.3% in France. Germany's data disappointed, but the fall in French spending was not as sharp as feared.
Eurozone unemployment rose a tenth of a point to a fresh record of 12.2% in April. Unemployment in Italy rose to 12% last month, the highest rate since the goverment started keeping statistics in 1977. Across the eurozone, 3.624 million young people are without a job. Greece, Portugal, and Italy all have unemployment rates of over 40% for under-25s.
Also, the flash estimate of eurozone inflation came in at 1.4% year-over-year.
The Nikkei (INDEXNIKKEI:NI225) rose 1.37% today overnight, but Japanese stocks are down sharply after hours. Today, a report showed that deflation persists despite the government's pro-inflation policies. The consumer price index fell 0.7% year-over-year in April after a 0.9% decline in March.
A massive protest called "Blockupy" took over the streets of Frankfurt to disrupt the European Central Bank today.
Dell ( DELL ) fell over 1% in the pre-market as shareholders sued founder Michael Dell for taking the company private for $24.4 billion, which they consider to be underpriced.
LionsGateEntertainment ( LGF ) shares gained nearly 4% this morning after the company reported $163 million in net profit for the first three months of the year, up from a $22.7 million loss a year ago. Revenue also rose 22% to $785.7 million.
Netflix ( NFLX ) will replace Perrigo ( PRGO ) in the Nasdaq-100 Index (INDEXNASDAQ:NDX) on June 6.
Twitter: @vincent_trivett
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell ( DELL ) fell over 1% in the pre-market as shareholders sued founder Michael Dell for taking the company private for $24.4 billion, which they consider to be underpriced. After the bell, the final estimate for the May Reuters/University of Michigan consumer sentiment index is expected to match the prior reading of 83.7. Unemployment in Italy rose to 12% last month, the highest rate since the goverment started keeping statistics in 1977.
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Dell ( DELL ) fell over 1% in the pre-market as shareholders sued founder Michael Dell for taking the company private for $24.4 billion, which they consider to be underpriced. Personal income stayed flat in April, where economists predicted a slight rise. S&P 500 (INDEXSP:.INX) futures fell 0.47% to 1,645.90 and future contracts on the Nasdaq (INDEXNASDAQ:.IXIC) index fell 0.48% to 2,995.50.
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Dell ( DELL ) fell over 1% in the pre-market as shareholders sued founder Michael Dell for taking the company private for $24.4 billion, which they consider to be underpriced. S&P 500 (INDEXSP:.INX) futures fell 0.47% to 1,645.90 and future contracts on the Nasdaq (INDEXNASDAQ:.IXIC) index fell 0.48% to 2,995.50. The consumer price index fell 0.7% year-over-year in April after a 0.9% decline in March.
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Dell ( DELL ) fell over 1% in the pre-market as shareholders sued founder Michael Dell for taking the company private for $24.4 billion, which they consider to be underpriced. S&P 500 (INDEXSP:.INX) futures fell 0.47% to 1,645.90 and future contracts on the Nasdaq (INDEXNASDAQ:.IXIC) index fell 0.48% to 2,995.50. The consumer price index fell 0.7% year-over-year in April after a 0.9% decline in March.
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3da17531-fc81-4ca7-af30-f00d3926f547
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726434.0
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2013-05-29 00:00:00 UTC
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Four Years Into a Bull Market: Where Do We Go From Here?
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DELL
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https://www.nasdaq.com/articles/four-years-bull-market-where-do-we-go-here-2013-05-29
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nan
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nan
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Editor's Note: Todd posts his vibes in real time each day on our Buzz & Banter .
Hi, welcome to the future. San Dimas, California, 2688. And I'm telling you it's great here. The air is clean, the water's clean, even the dirt, it's clean. Equity averages are way up, mini-golf scores are way down. The last 20 Tuesdays have seen positive action, and the Dow Jones Industrial Average hasn't suffered a three-day decline in 113 years! I'm telling you this place is great!'
-- Rufus, Bill & Ted's Excellent Adventure
I took some liberties on Rufus' speech -- let's call it poetic license -- but it sorta sums up the state of market psychology.
I wrote a few weeks ago, in The Most-Hated Rally of All Time , that "in my 23 years of trading equities, I don't believe I've ever witnessed this degree of directional certitude before." I also shared that the upside is now as obvious as the downside was in March 2009. We were early to the bull camp back then -- about a month, which was 15% of real downside pain -- before the market embarked on what has morphed into a 150% price rise fueled by the central bank sanctioned steroidal needles.
I'm not one to make excuses -- never been my style and it's one of my pet peeves, along with arrogance, loud chewers and long lines -- and I won't make one now. I had a total right hip replacement one month ago tomorrow and it's been a long haul ( complete with scary falls ). I attempted to work through the surgery and recovery, to a fault. I wasn't as lucid as I otherwise might have been and I'm reminded of that every time I look at the YTD performance in my trading account. I own that; it was a mistake that has since morphed into a lesson.
I won't go as far as to say "I'm back," because the last few times I did that it proved to be premature. I will say that I am off the pain meds (slightly ahead of schedule), I begin outpatient PT today (should be fun) and I'm expecting to ease back into Minyanville headquarters a few times next week, in front of my meeting with the surgeon the following week, where we hope and expect to get the "all-clear" (to commute, not run marathons). In other words, it feels like I'm over the hump, both in terms of pain, recovery, and the ability to think clearly.
In terms of the tape, I shared some thoughts yesterday on the Buzz & Banter (click here for a free trial!) that bear repeating, as they sum up my current frame of mind as it pertains to the stock market. The thoughts were triggered after I read an interesting article on Bloomberg, Record Cash Sent to Balanced Funds Amid Stock Rush.
Of particular note was a quote from Michael Holland, chairman of Holland & Co, which oversees about $4 billion. "It shows the early stages of the healing process and reduction in the still pervasive negative psychology about the stock market." He continued, "We're four years into a bull market and levels of stock ownership remain very, very low."
Therein lies the rub, right? On one hand, we're in the " early stages of the healing process " despite the fact that we're four full years into the rally. And again, I believe an asterisk is appropriate when discussing this particular rally, much like one was needed when Roger Maris hit his 61st* home run. The game has changed and it's not "fair" to those who played with different rules earlier in their careers.
The S&P (INDEXSP:.INX), as discussed, is now 150% higher than it was in March 2009 -- four years ago -- when the government endeavored upon the single biggest experiment in financial market history . To be sure, after a decade of bubbles and busts , one that repeatedly screwed savers at the bottom and punished investors at the top, one could understand if John Q Public opted -- or continues to opt -- to sit this one out, recent data notwithstanding.
Burn me once, shame on you; burn me over and over and over again in tech stocks, real estate, crude, China, and now the widely perceived central bank call option and, well, Arnold Diaz would have a field day.
But there are two sides to every trade, and even the most fervent bears -- those chanting "cumulative" and "disconnect" and "synthetic" -- would be wise to know what their counterparties are thinking.
What if -- and I'm just putting this out there -- what if, after gobbling up trillions of dollar in bonds, the government simply held those assets to maturity and subsequently wrote them off, much like Cisco ( CSCO ) , Dell ( DELL ) and Intel ( INTC ) did during the go-go days after Y2K, when they wrote millions of out-of-the-money puts in lieu of buying back stock (when the premium expired worthless, there were tax advantages; when they finally didn't -- after the tech crash -- there were write-offs galore, and that was that).
I have unsuccessfully attempted to trade around a short bias -- should we take out last week's highs, I will euthanize those S&P puts -- so this is nothing more than me trying to make sense of the current price action. "Don't fight the Fed," and "it's different this time," is more rationalization than reason in my book, but price is the ultimate arbiter of variant financial views so I respect -- but will not defer to -- the bull. He has been partying like it's 2003, sucking down the Kool-Aid and not worrying about the "other side."
I will say this, however: If four years is indeed "the early stages of the healing process," I sincerely hope that the recovery eventually shifts from the stock market to the economy and finally to the most important dynamic, in my view,social mood as from where I sit, there is a pretty massive chasm between what the markets are telling us about the state of the world and what the world is telling us about the state of ourselves.
Make decisions for yourselves, for you will bear the consequences, and look forward, not backward, for that is where profitability resides.
Good luck today.
R.P.
Twitter:@todd_harrison
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What if -- and I'm just putting this out there -- what if, after gobbling up trillions of dollar in bonds, the government simply held those assets to maturity and subsequently wrote them off, much like Cisco ( CSCO ) , Dell ( DELL ) and Intel ( INTC ) did during the go-go days after Y2K, when they wrote millions of out-of-the-money puts in lieu of buying back stock (when the premium expired worthless, there were tax advantages; when they finally didn't -- after the tech crash -- there were write-offs galore, and that was that). We were early to the bull camp back then -- about a month, which was 15% of real downside pain -- before the market embarked on what has morphed into a 150% price rise fueled by the central bank sanctioned steroidal needles. "Don't fight the Fed," and "it's different this time," is more rationalization than reason in my book, but price is the ultimate arbiter of variant financial views so I respect -- but will not defer to -- the bull.
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What if -- and I'm just putting this out there -- what if, after gobbling up trillions of dollar in bonds, the government simply held those assets to maturity and subsequently wrote them off, much like Cisco ( CSCO ) , Dell ( DELL ) and Intel ( INTC ) did during the go-go days after Y2K, when they wrote millions of out-of-the-money puts in lieu of buying back stock (when the premium expired worthless, there were tax advantages; when they finally didn't -- after the tech crash -- there were write-offs galore, and that was that). I wrote a few weeks ago, in The Most-Hated Rally of All Time , that "in my 23 years of trading equities, I don't believe I've ever witnessed this degree of directional certitude before." Twitter:@todd_harrison The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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What if -- and I'm just putting this out there -- what if, after gobbling up trillions of dollar in bonds, the government simply held those assets to maturity and subsequently wrote them off, much like Cisco ( CSCO ) , Dell ( DELL ) and Intel ( INTC ) did during the go-go days after Y2K, when they wrote millions of out-of-the-money puts in lieu of buying back stock (when the premium expired worthless, there were tax advantages; when they finally didn't -- after the tech crash -- there were write-offs galore, and that was that). I wrote a few weeks ago, in The Most-Hated Rally of All Time , that "in my 23 years of trading equities, I don't believe I've ever witnessed this degree of directional certitude before." I will say this, however: If four years is indeed "the early stages of the healing process," I sincerely hope that the recovery eventually shifts from the stock market to the economy and finally to the most important dynamic, in my view,social mood as from where I sit, there is a pretty massive chasm between what the markets are telling us about the state of the world and what the world is telling us about the state of ourselves.
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What if -- and I'm just putting this out there -- what if, after gobbling up trillions of dollar in bonds, the government simply held those assets to maturity and subsequently wrote them off, much like Cisco ( CSCO ) , Dell ( DELL ) and Intel ( INTC ) did during the go-go days after Y2K, when they wrote millions of out-of-the-money puts in lieu of buying back stock (when the premium expired worthless, there were tax advantages; when they finally didn't -- after the tech crash -- there were write-offs galore, and that was that). I wrote a few weeks ago, in The Most-Hated Rally of All Time , that "in my 23 years of trading equities, I don't believe I've ever witnessed this degree of directional certitude before." In terms of the tape, I shared some thoughts yesterday on the Buzz & Banter (click here for a free trial!)
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ea88e823-2351-46d9-a2bb-dd2024c11c53
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726435.0
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2013-05-28 00:00:00 UTC
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Bear of the Day: Dell (DELL) - Bear of the Day
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DELL
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https://www.nasdaq.com/articles/bear-day-dell-dell-bear-day-2013-05-28
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nan
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nan
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APPLE INC (AAPL): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
QUALCOMM INC (QCOM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report QUALCOMM INC (QCOM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report QUALCOMM INC (QCOM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report QUALCOMM INC (QCOM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report QUALCOMM INC (QCOM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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b9185838-ec47-46ca-bb10-6aa9ea613fed
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726436.0
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2013-05-24 00:00:00 UTC
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Salesforce Loss Wider than Expected - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/salesforce-loss-wider-than-expected-analyst-blog-2013-05-24
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nan
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nan
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Salesforce.com Inc. ( CRM ) reported first-quarter fiscal 2014 adjusted loss per share of 7 cents, wider than the Zacks Consensus Estimate of 1 cent loss per share.
Revenues
Revenues in the quarter were $892.6 million, up 28.3% from the year-ago quarter. The quarter's result was also higher than the company's guidance range of $882 million to $887 million. During the reported quarter, the company witnessed continued demand across all of its cloud solutions supported by a decline in the attrition rate.
Among its business segments, the company witnessed Subscription and Support revenues of $842.0 million, an increase of 28.5% on a year-over-year basis. Moreover, Professional Services and Other revenues were $50.0 million, an increase of 25.3% on a year-over-year basis.
Geographically, the company witnessed revenue growth of 30.0% in the Americas to a range of $631 million. Moreover, revenues from Europe grew 38.0% year-over-year to $163.0 million, while the revenues from Asia increased 7.0% in dollars to $99.0 million.
Operating Results
Gross profit expanded 25.7% year over year to $683.6 million. Gross margin was 76.6%, down 160 basis points from the year-ago quarter.
Total operating expenses rose 28.6% year over year to $728.2 million on the back of a 39.2% rise in research and development (R&D) expenses, a 26.1% increase in sales and marketing expense and a 27.7% rise in general and administrative (G&A) expenses. Continuous increase in research activity to come up with new and innovative products have resulted in the increase in the R&D expenses. Moreover, the company has increased its salesforce to improve its product penetration.
Operating loss of $44.5 million during the quarter was wider than the year-ago quarter's loss of $22.2 million. Operating loss margin was 4.9% versus 3.2% in the prior-year quarter.
GAAP net loss in the quarter was $67.7 million or 12 cents per share compared with net loss of $19.5 million or 4 cents in the comparable quarter last year. Excluding special items but including stock-based compensation expenses, adjusted net loss was 7 cents per share compared with a loss of 1 cent in the year-ago quarter.
Balance Sheet & Cash Flow
Salesforce.com ended the quarter with cash and cash equivalents of $2.1 billion, up from $867.6 million in the prior quarter. Accounts receivable declined to $502.6 million from $872.6 million in the prior quarter. Total deferred revenue in the quarter was $1.67 billion, down from $1.79 billion in the previous quarter.
Cash from operating activities was $283.2 million compared with $281.6 million in the prior quarter.
Guidance
For the second quarter of 2014, the company expects revenues to be in the range of $931.0 million to $936.0 million. The company expects GAAP net loss per share is expected to be in the range of $0.07 to $0.06. Apart from this, the company also expects non-GAAP earnings per share in the range of 11 cents to 12 cents.The company expects the second-quarter CapEx as a percentage of revenue to be approximately 11.0%.
The company expects full fiscal year 2014 revenue to be in the range of $3.835 billion to $3.875 billion. GAAP net loss per share is expected to be in the range of ($0.33) to ($0.31) while diluted non-GAAP EPS is expected to be in the range of $0.47 to $0.49.
Recommendation
Salesforce.com reported modest first-quarter 2014 results. Loss per share was wider than the Zacks Consensus Estimate, while revenue up on a year over year basis. The company has provided decent second-quarter guidance.
Moreover, the higher number of new deal wins was encouraging and so were the geographical contributions. Overall, the company's diverse cloud offerings and a better spending prospect projection by Gartner are positive.
Although, the company is growing reasonably in the cloud market, growth prospects have been rationalized to a considerable extent by the renewed focus of tech giants such as Dell Inc. ( DELL ), IBM ( IBM ) and Hewlett-Packard Co. ( HPQ ) in the cloud space.
However, continued weakness in Europe, currency headwinds, continued operating margin contraction, economic challenges in Japan and stiff competition from its peers keep us concerned.
Salesforce has a Zacks Rank #3 (Hold).
SALESFORCE.COM (CRM): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Although, the company is growing reasonably in the cloud market, growth prospects have been rationalized to a considerable extent by the renewed focus of tech giants such as Dell Inc. ( DELL ), IBM ( IBM ) and Hewlett-Packard Co. ( HPQ ) in the cloud space. SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. During the reported quarter, the company witnessed continued demand across all of its cloud solutions supported by a decline in the attrition rate.
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SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Although, the company is growing reasonably in the cloud market, growth prospects have been rationalized to a considerable extent by the renewed focus of tech giants such as Dell Inc. ( DELL ), IBM ( IBM ) and Hewlett-Packard Co. ( HPQ ) in the cloud space. Salesforce.com Inc. ( CRM ) reported first-quarter fiscal 2014 adjusted loss per share of 7 cents, wider than the Zacks Consensus Estimate of 1 cent loss per share.
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Although, the company is growing reasonably in the cloud market, growth prospects have been rationalized to a considerable extent by the renewed focus of tech giants such as Dell Inc. ( DELL ), IBM ( IBM ) and Hewlett-Packard Co. ( HPQ ) in the cloud space. SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Operating loss of $44.5 million during the quarter was wider than the year-ago quarter's loss of $22.2 million.
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Although, the company is growing reasonably in the cloud market, growth prospects have been rationalized to a considerable extent by the renewed focus of tech giants such as Dell Inc. ( DELL ), IBM ( IBM ) and Hewlett-Packard Co. ( HPQ ) in the cloud space. SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues Revenues in the quarter were $892.6 million, up 28.3% from the year-ago quarter.
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047d71d5-20f6-4b72-8c63-4e9bad4b748c
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726437.0
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2013-05-17 00:00:00 UTC
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Benzinga Market Primer: Friday, May 17
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DELL
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https://www.nasdaq.com/articles/benzinga-market-primer-friday-may-17-2013-05-17
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nan
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nan
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Futures Rise Heading Into the Weekend
U.S. equity futures rose slightly in early pre-market trade heading into the weekend after a week marked by small moves in equities in both directions. Stocks look set to test all-time highs again in Friday's session if futures can hold gains into the open.
Top News
In other news around the markets:
The European Union reported EU auto sales rose 1.8 percent in April, the first monthly gain in over 18 months. Japanese Machine Orders rose a whopping 14.2 percent in March, much better than the 3.2 percent expected gain. However, the data is extremely volatile and may not be a clear sign that stimulus policies are working just yet. San Francisco Fed President John Williams, a non-voting member of the FOMC this year, spoke yesterday saying that it may already be time for the Fed to begin tapering its bond purchases. Other Fed officials hinted they may first slow purchases of mortgage backed securities to prevent a new housing bubble. S&P 500 futures rose 4.4 points to 1,652.50. The EUR/USD was flat at 1.2882. Spanish 10-year government bond yields fell 2 basis points to 4.29 percent. Italian 10-year government bond yields fell 1 basis point to 3.97 percent. Gold fell 0.92 percent to $1,374.10 per ounce.
Asian Markets
Asian shares were mostly higher overnight following the Japanese data. The Japanese Nikkei Index rose 0.67 percent. Also, the Korean Kospi gained 0.79 percent and Australian shares added 0.29 percent.
European Markets
European shares mixed overnight with moves remaining tepid following the auto sales data. The Spanish Ibex Index rose 0.08 percent and the Italian FTSE MIB Index added 0.17 percent. Meanwhile, the German DAX fell 0.08 percent and the French CAC 40 rose 0.15 percent while U.K. shares added 0.11 percent.
Commodities
Commodities were mixed overnight with most metals continuing losses following the recent dollar strength. WTI Crude futures fell 0.09 percent to $95.07 per barrel and Brent Crude futures rose 0.12 percent to $103.80 per barrel. Copper futures rose 0.55 percent to $331.25, reversing two days of strong losses. Gold was lower and silver futures declined 1.01 percent to $22.43 per ounce.
Currencies
Currency markets were on the move as the dollar was erasing some earlier gains heading into the U.S. session but still remained stronger against most partners. The EUR/USD was flat at 1.2882 and the dollar rose against the yen to 102.36. Overall, the Dollar Index gained 0.33 percent on strength against the Canadian dollar, the pound, and the yen.
Earnings Reported Yesterday
Key companies that reported earnings Thursday include:
Autodesk (NASDAQ: ADSK ) reported first quarter EPS of $0.42 vs. $0.45 expected on revenue of $570.4 million vs. $583.4 million expected. Dell (NASDAQ: DELL ) reported first quarter EPS of $0.21 vs. $0.35 expected on revenue of $14.1 billion vs. $13.52 billion expected. J.C. Penney (NYSE: JCP ) reported a first quarter loss of $1.31 per share vs. a loss of $0.86 per share expected on revenue of $2.63 billion vs. $2.7 billion expected. Nordstrom (NYSE: JWN ) reported first quarter EPS of $0.73 vs. $0.76 on revenue of $2.75 billion vs. $2.8 billion expected. Kohls (NYSE: KSS ) reported first quarter EPS of $0.66 vs. $0.58 on revenue of $4.2 billion vs. $4.29 billion expected. Sina (NASDAQ: SINA ) reported first quarter EPS of $0.02 vs. an expected loss of $0.03 per share on revenue of $121.3 million. Wal-Mart (NYSE: WMT ) reported first quarter EPS of $1.14 vs. $1.15 on revenue of $114.19 billion vs. $116.42 billion but said that trends in the first half of May saw a marked improvement over the first four months of the year.
Pre-Market Movers
Stocks moving in the pre-market included:
J.C. Penney (NYSE: JCP ) shares declined 3.03 percent pre-market following the weaker than expected earnings report. Autodesk (NASDAQ: ADSK ) shares declined 6.23 percent pre-market following its weaker than expected earnings. Nordstrom (NYSE: JWN ) shares declined 3.32 percent pre-market on its weaker than expected earnings even though the company affirmed Q2 guidance. United States Steel (NYSE: X ) shares rose 1.01 percent pre-market as CEO John Surma said the company is divesting unprofitable businesses to focus on key business lines to return to profitability.
Earnings
Notable companies expected to report earnings Friday include:
Donaldson Company (NYSE: DCI ) is expected to report third quarter EPS of $0.49 vs. $0.46 a year ago. Stage Stores (NYSE: SSI ) is expected to report first quarter EPS of $0.09 vs. $0.05 a year ago.
Economics
On the economics calendar Friday, consumer sentiment and leading indicators are due out followed by the ECRI weekly index. Also, the Fed's Naryana Kocherlakota is set to speak. Over the weekend, Ben Bernanke is speaking on Saturday and could talk about Fed tapering.
Good luck and good trading.
Click here to view Benzinga's Market Wrap for Thursday, May 16.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell (NASDAQ: DELL ) reported first quarter EPS of $0.21 vs. $0.35 expected on revenue of $14.1 billion vs. $13.52 billion expected. Stocks look set to test all-time highs again in Friday's session if futures can hold gains into the open. Other Fed officials hinted they may first slow purchases of mortgage backed securities to prevent a new housing bubble.
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Dell (NASDAQ: DELL ) reported first quarter EPS of $0.21 vs. $0.35 expected on revenue of $14.1 billion vs. $13.52 billion expected. Earnings Reported Yesterday Key companies that reported earnings Thursday include: Autodesk (NASDAQ: ADSK ) reported first quarter EPS of $0.42 vs. $0.45 expected on revenue of $570.4 million vs. $583.4 million expected. Pre-Market Movers Stocks moving in the pre-market included: J.C. Penney (NYSE: JCP ) shares declined 3.03 percent pre-market following the weaker than expected earnings report.
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Dell (NASDAQ: DELL ) reported first quarter EPS of $0.21 vs. $0.35 expected on revenue of $14.1 billion vs. $13.52 billion expected. Meanwhile, the German DAX fell 0.08 percent and the French CAC 40 rose 0.15 percent while U.K. shares added 0.11 percent. Earnings Reported Yesterday Key companies that reported earnings Thursday include: Autodesk (NASDAQ: ADSK ) reported first quarter EPS of $0.42 vs. $0.45 expected on revenue of $570.4 million vs. $583.4 million expected.
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Dell (NASDAQ: DELL ) reported first quarter EPS of $0.21 vs. $0.35 expected on revenue of $14.1 billion vs. $13.52 billion expected. S&P 500 futures rose 4.4 points to 1,652.50. The Spanish Ibex Index rose 0.08 percent and the Italian FTSE MIB Index added 0.17 percent.
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772fab9c-142b-41f7-bb84-c9406952e2c6
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726438.0
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2013-05-17 00:00:00 UTC
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Bleak 1Q Earnings for Dell - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/bleak-1q-earnings-for-dell-analyst-blog-2013-05-17
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nan
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nan
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Dell Inc. ( DELL ) delivered first-quarter 2014 earnings of 21 cents per share, way below the Zacks Consensus Estimate of 34 cents.
Revenues
The company reported revenues of $14.1 billion in the reported quarter, down 2.2% year over year. The decline in revenues can be attributed to the lower contribution from the Product segment.
Revenues by Segments
The company reported revenues under the following segments:
The company generated Enterprise SolutionsGroup revenues of $3.1 billion, improving 10.0% on a year-over-year basis. Under, this segment, Dell server and networkingrevenuesincreased 16.0% compared to the year-ago quarter. Apart from this, Dell networking continues to grow with a 24.0% increase in revenues, which includes a 46.0% growth in the company's Force10 business.
Dell Services witnessed a revenue growth of 2.0% and reached $2.1 billion, supported by an 11.0% increase in revenues from infrastructure, cloud and security services. Within this segment, the Support and Deployment revenues moved up 2.0%, while the Applications and Business Process services tumbled 15.0%.
Dell Software generated revenues of $295.0 million. Dell improved its software business and generated additional sales capability and research and development.
The End User Computing segment revenues were $8.9 billion , declining9.0% on a year-over-year basis. Within this segment, the Dell desktop and thin-client revenues declined 2.0% on a year-over-year basis, the mobility revenues declined 16.0%, and peripherals and software revenues declined 6.0%.
Operating Results
Gross margin in the reported quarter was 19.5% down from 21.3% in the year-ago quarter.
Operating income for the quarter was $226.0 million or 1.6% of revenues in the reported quarter, down 73.0% year over year, hurt by the reduction in revenues and substantial increase in operating expenses.
Reported earnings in the quarter were 7 cents per share compared with 36 cents a share in the year-ago quarter. Excluding special items like amortization of intangibles, severance and facility consolidation cost, acquisition-related costs, as well as income tax adjustments, earnings per share in the quarter came in at 21 cents versus 43 cents in the year-ago quarter.
Balance Sheet & Cash Flow
The company exited the quarter with cash and cash equivalents of $10.9 billion, down from $12.8 billion reported in the previous quarter. The company used $39.0 million cash in operating activity, a considerable improvement from the $138.0 million used in the year-ago quarter.
Guidance
As the company is looking forward to a pending merger agreement / leveraged buyout agreement (LBO), so the management has not provided an outlook for the second quarter of fiscal year 2014.
Dell to Go Private
Dell recently announced its decision to go private in an LBO. Founder Michael Dell will acquire the company for roughly $24.4 billion, much higher than the market expectation of $23.0 billion. Dell's shareholders will be rewarded with $13.65 per share in cash. The transaction is likely to be completed by the second quarter of fiscal 2014.
Dell's board is trying to finalize the deal, though some of the shareholders are not happy about the price of the shares.
Outlook
Dell reported modest disappointing first-quarter numbers with earnings per share below the Zacks Consensus Estimate. Both revenues and margins were affected to a considerable extent. This decline once again proves the point that the PC companies are facing a technological shift that made selling laptop and desktop machines difficult.
Moreover, the company is up against cutthroat competition, low business growth in Europe and a restricted spending environment. The competition faced by the company in the Small & Medium Business (SMB) and server segments is also a concern. This is the reason that the company has opted for privatization.
Dell has a Zacks Rank #5 (Strong Sell).
Investors can consider other stocks in the technology space such as Pegasystems Inc. ( PEGA ), Progress Software ( PRGS ), SAP AG ( SAP ) having a Zacks Rank #1 (Strong Buy).
DELL INC (DELL): Free Stock Analysis Report
PEGASYSTEMS INC (PEGA): Free Stock Analysis Report
PROGRESS SOFTWA (PRGS): Free Stock Analysis Report
SAP AG ADR (SAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell improved its software business and generated additional sales capability and research and development. Outlook Dell reported modest disappointing first-quarter numbers with earnings per share below the Zacks Consensus Estimate. Dell Inc. ( DELL ) delivered first-quarter 2014 earnings of 21 cents per share, way below the Zacks Consensus Estimate of 34 cents.
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DELL INC (DELL): Free Stock Analysis Report PEGASYSTEMS INC (PEGA): Free Stock Analysis Report PROGRESS SOFTWA (PRGS): Free Stock Analysis Report SAP AG ADR (SAP): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Inc. ( DELL ) delivered first-quarter 2014 earnings of 21 cents per share, way below the Zacks Consensus Estimate of 34 cents. Under, this segment, Dell server and networkingrevenuesincreased 16.0% compared to the year-ago quarter.
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DELL INC (DELL): Free Stock Analysis Report PEGASYSTEMS INC (PEGA): Free Stock Analysis Report PROGRESS SOFTWA (PRGS): Free Stock Analysis Report SAP AG ADR (SAP): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Inc. ( DELL ) delivered first-quarter 2014 earnings of 21 cents per share, way below the Zacks Consensus Estimate of 34 cents. Under, this segment, Dell server and networkingrevenuesincreased 16.0% compared to the year-ago quarter.
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Dell Inc. ( DELL ) delivered first-quarter 2014 earnings of 21 cents per share, way below the Zacks Consensus Estimate of 34 cents. Under, this segment, Dell server and networkingrevenuesincreased 16.0% compared to the year-ago quarter. Apart from this, Dell networking continues to grow with a 24.0% increase in revenues, which includes a 46.0% growth in the company's Force10 business.
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78fc711b-20de-407c-829d-25fbd49ee2be
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726439.0
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2013-05-17 00:00:00 UTC
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Pre-Market Primer: Stocks Rise Ahead of Consumer Sentiment, Leading Indicators
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DELL
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https://www.nasdaq.com/articles/pre-market-primer-stocks-rise-ahead-consumer-sentiment-leading-indicators-2013-05-17
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nan
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nan
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Stocks are set to recover from yesterday's losses ahead of a report that might show that consumer sentiment improved in April.
Dow (INDEXDJX:.DJI) futures are up 0.28% at 15,255. S&P 500 (INDEXSP:.INX) futures rose 0.32% to 1,653.30, and futures contracts on the Nasdaq (INDEXNASDAQ:.IXIC) index gained 0.28% to 3,006.50.
Consumer sentiment for May will be reported later this morning. Economists estimate that the index will rise to 78 from 76.4 in April. The Conference Board will also report that the index of leading US indicators, which is expected to have risen 0.2% last month after falling 0.1% in March.
Japan's prime minister Shinzo Abe announced a bold growth strategy. Abe aims to triple infrastructure exports and double agricultural exports by 2020. His target for private sector investment is 70 trillion yen annually. This would bring Japan back to the level it was at before the 2008 crisis.
Car registrations in the European Union recovered just slightly in April, the first monthly rise since Sept. 2011. Sales were up 1.7% over April 2012 to a rate of 1.08 million vehicles.
Yesterday's earnings were bad news for retailers. JC Penney ( JCP ) delivered yet another quarterly loss, missing Wall Street's expectations. The ailing retailer lost $348 million, or $1.58 per share in the quarter that ended on May 4, the last period with CEO Ron Johnson. Comparable store sales were down 16.6%. The cold spring, delayed tax returns, and the increase in payroll taxes contributed to lower sales. Shares are down 3.7% this morning.
Nordstrom ( JWN ) also missed top and bottom line estimates with a quarterly profit of $0.73 per share on $2.7 billion in revenue. The retailer's projections for the current quarter is for $0.89 per share, also below analysts' estimates.
Dell ( DELL ) reported that adjusted earnings fell 51% to $0.21 per share in the first quarter while private equity companies battled one another to take it private. The worse-than-expected report sent shares down slightly.
A poll by Bloomberg showed that investors, analysts, and traders believe that US economic growth is "sustainable." Most agreed that the US will avoid a recession for at least two more years, but 27% fear that one is coming.
Twitter: @vincent_trivett
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell ( DELL ) reported that adjusted earnings fell 51% to $0.21 per share in the first quarter while private equity companies battled one another to take it private. Stocks are set to recover from yesterday's losses ahead of a report that might show that consumer sentiment improved in April. The Conference Board will also report that the index of leading US indicators, which is expected to have risen 0.2% last month after falling 0.1% in March.
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Dell ( DELL ) reported that adjusted earnings fell 51% to $0.21 per share in the first quarter while private equity companies battled one another to take it private. Stocks are set to recover from yesterday's losses ahead of a report that might show that consumer sentiment improved in April. Twitter: @vincent_trivett The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell ( DELL ) reported that adjusted earnings fell 51% to $0.21 per share in the first quarter while private equity companies battled one another to take it private. Stocks are set to recover from yesterday's losses ahead of a report that might show that consumer sentiment improved in April. The retailer's projections for the current quarter is for $0.89 per share, also below analysts' estimates.
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Dell ( DELL ) reported that adjusted earnings fell 51% to $0.21 per share in the first quarter while private equity companies battled one another to take it private. Sales were up 1.7% over April 2012 to a rate of 1.08 million vehicles. The retailer's projections for the current quarter is for $0.89 per share, also below analysts' estimates.
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a0e45ddf-f4e6-4344-8290-52f553e12ce2
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726440.0
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2013-05-16 00:00:00 UTC
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After-Hours Earnings Report for May 16, 2013 : DELL, AMAT, JWN, ADSK, JCP, SINA, VSAT, BRCD, ARUN, ENV, HOLI, VNET
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-may-16-2013-dell-amat-jwn-adsk-jcp-sina-vsat-brcd-arun-env
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nan
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The following companies are expected to report earnings after hours on 05/16/2013. Visit our Earnings Calendar for a full list of expected earnings releases.
Dell Inc. ( DELL ) is reporting for the quarter ending April 30, 2013. The computer company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.34. This value represents a 20.93% decrease compared to the same quarter last year. DELL missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -6.52%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DELL is 8.91 vs. an industry ratio of 9.80.
Applied Materials, Inc. ( AMAT ) is reporting for the quarter ending April 30, 2013. The capital goods company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.13. This value represents a 51.85% decrease compared to the same quarter last year. In the past year AMAT has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 100%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AMAT is 24.26 vs. an industry ratio of 21.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Nordstrom, Inc. ( JWN ) is reporting for the quarter ending April 30, 2013. The retail (shoe) company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.76. This value represents a 8.57% increase compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for JWN is 16.17 vs. an industry ratio of 31.80.
Autodesk, Inc. ( ADSK ) is reporting for the quarter ending April 30, 2013. The computer software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.35. This value represents a 5.41% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for ADSK is 23.75 vs. an industry ratio of 12.60, implying that they will have a higher earnings growth than their competitors in the same industry.
J.C. Penney Company, Inc. Holding Company ( JCP ) is reporting for the quarter ending April 30, 2013. The retail company's consensus earnings per share forecast from the 8 analysts that follow the stock is $-1.16. This value represents a 364.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2014 Price to Earnings ratio for JCP is -5.66 vs. an industry ratio of 15.00.
Sina Corporation ( SINA ) is reporting for the quarter ending March 31, 2013. The internet content company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.11. This value represents a 59.26% increase compared to the same quarter last year. In the past year SINA has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SINA is 185.94 vs. an industry ratio of -53.50, implying that they will have a higher earnings growth than their competitors in the same industry.
ViaSat, Inc. ( VSAT ) is reporting for the quarter ending March 31, 2013. The wireless equipment company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.17. This value represents a 54.55% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 22 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for VSAT is -86.54 vs. an industry ratio of 42.40.
Brocade Communications Systems, Inc. ( BRCD ) is reporting for the quarter ending April 30, 2013. The computer networks company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.12. This value represents a no change for the same quarter last year. In the past year BRCD has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 30.77%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BRCD is 10.41 vs. an industry ratio of 21.80.
Aruba Networks, Inc. ( ARUN ) is reporting for the quarter ending April 30, 2013. The wireless equipment company's consensus earnings per share forecast from the 6 analysts that follow the stock is $-0.01. This value represents a 116.67% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ARUN is 146.46 vs. an industry ratio of 42.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Envestnet, Inc ( ENV ) is reporting for the quarter ending March 31, 2013. The financial transactions company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.08. This value represents a 60.00% increase compared to the same quarter last year. In the past year ENV has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ENV is 44.70 vs. an industry ratio of 7.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Hollysys Automation Technologies, Ltd. ( HOLI ) is reporting for the quarter ending March 31, 2013. The industrial company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.20. This value represents a 4.76% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for HOLI is 10.28 vs. an industry ratio of 15.60.
21Vianet Group, Inc. ( VNET ) is reporting for the quarter ending March 31, 2013. The internet services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.06. This value represents a 40.00% decrease compared to the same quarter last year. The last two quarters VNET had negative earnings surprises; the latest report they missed by -44.44%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for VNET is 24.33 vs. an industry ratio of 62.50.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Inc. ( DELL ) is reporting for the quarter ending April 30, 2013. DELL missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -6.52%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DELL is 8.91 vs. an industry ratio of 9.80.
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Dell Inc. ( DELL ) is reporting for the quarter ending April 30, 2013. DELL missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -6.52%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DELL is 8.91 vs. an industry ratio of 9.80.
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Dell Inc. ( DELL ) is reporting for the quarter ending April 30, 2013. DELL missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -6.52%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DELL is 8.91 vs. an industry ratio of 9.80.
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Dell Inc. ( DELL ) is reporting for the quarter ending April 30, 2013. DELL missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -6.52%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DELL is 8.91 vs. an industry ratio of 9.80.
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1d4ab403-b3e4-42e9-9b52-b21d9e28dd0d
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726441.0
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2013-05-13 00:00:00 UTC
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Pre-Market Primer: Retail Sales Unexpectedly Rise; Fed Looks for the Exit
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DELL
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https://www.nasdaq.com/articles/pre-market-primer-retail-sales-unexpectedly-rise-fed-looks-exit-2013-05-13
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nan
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nan
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Stocks pointed south this morning as reports emerge that the Fed planning to scale back its asset purchases and retail sales data came up better than expected.
US sales rose 0.1% on a monthly basis, beating bearish forecasts. Economists expected to see a 0.3% fall in April sales after March's upwardly revised 0.5% drop as consumers belatedly feel the crunch from the broad-ranging payroll sales tax that went into effect on Jan. 1. Excluding gas and autos, sales rose 0.6%.
Over the weekend, the Wall Street Journal's Jon Hilsenrath, nicknamed the "Fed Whisperer," reported that the Federal Reserve is already making plans to wind down its $85 billion monthly asset purchase program.
"Officials are focusing on clarifying the strategy so markets don't overreact about their next moves," Hilsenrath wrote. "For example, officials want to avoid creating expectations that their retreat will be a steady, uniform process like their approach from 2003 to 2006, when they raised short-term interest rates in a series of quarter-percentage-point increments over 17 straight policy meetings."
The prospect that the Fed might turn off the tap weighed on stock futures this morning. Before the opening bell, Dow (INDEXDJX:.DJI) futures were down 0.22% at 15,035. S&P 500 (INDEXSP:.INX) futures slipped 0.27% to 1,625.20. Nasdaq (INDEXNASDAQ:.IXIC) futures fell 0.31% to 2,966.25.
European stocks are declining today while the Eurogroup of finance ministers meet to formally approve the first tranche of aid to Cyprus, worth 3 billion euros, and the next package of Greece's ongoing bailout. Meanwhile, figures released today showed that construction activity in Greece fell 42.9% year over year in February. The Eurogroup will hold a press conference at 11 p.m. British time, 8 p.m. EDT.
Italy had a successful bond auction, where it sold 8 billion euros of debt for various maturities at lower yields. Debt maturing in 2026 sold at 4.07% yield, down from 4.55% at a similar auction in February.
Fitch found that 41% of European fund managers surveyed felt that the European financial crisis is as good as over thanks to policy action, while 30% felt that the markets were irrationally exuberant.
Japan led Asian stocks, as the Nikkei (INDEXNIKKEI:.NI225) rose 1.20% to the highest level in more than five years as the G-7 finance ministers opted not to reprimand the country for its bold currency manipulation.
Chinese industrial production rose 9.3% on a yearly basis in April, just short of estimates. Retail sales in the country rose 12.8%.
In corporate news, shares of Corning ( GLW ) rose 1.9% after Barclays ( BCS ) raised its recommendation to overweight and MorganStanley ( MS ) raised it to equal weight. Last month, the company, which manufactures the Gorilla Glass found in smartphone screens, raised its dividend by 11%.
Dell ( DELL ) board members are entertaining the late offer from Carl Icahn and Southeastern Asset Management to take the computer company over, as an alternative to the $24.4 billion deal with Silver Lake Partners and founder Michael Dell. The board asked Icahn and company for more information about the offer. Last week, Icahn said that Mr. Dell should no longer lead his company.
Twitter: @vincent_trivett
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell ( DELL ) board members are entertaining the late offer from Carl Icahn and Southeastern Asset Management to take the computer company over, as an alternative to the $24.4 billion deal with Silver Lake Partners and founder Michael Dell. Last week, Icahn said that Mr. Dell should no longer lead his company. Over the weekend, the Wall Street Journal's Jon Hilsenrath, nicknamed the "Fed Whisperer," reported that the Federal Reserve is already making plans to wind down its $85 billion monthly asset purchase program.
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Dell ( DELL ) board members are entertaining the late offer from Carl Icahn and Southeastern Asset Management to take the computer company over, as an alternative to the $24.4 billion deal with Silver Lake Partners and founder Michael Dell. Last week, Icahn said that Mr. Dell should no longer lead his company. Over the weekend, the Wall Street Journal's Jon Hilsenrath, nicknamed the "Fed Whisperer," reported that the Federal Reserve is already making plans to wind down its $85 billion monthly asset purchase program.
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Dell ( DELL ) board members are entertaining the late offer from Carl Icahn and Southeastern Asset Management to take the computer company over, as an alternative to the $24.4 billion deal with Silver Lake Partners and founder Michael Dell. Last week, Icahn said that Mr. Dell should no longer lead his company. Stocks pointed south this morning as reports emerge that the Fed planning to scale back its asset purchases and retail sales data came up better than expected.
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Dell ( DELL ) board members are entertaining the late offer from Carl Icahn and Southeastern Asset Management to take the computer company over, as an alternative to the $24.4 billion deal with Silver Lake Partners and founder Michael Dell. Last week, Icahn said that Mr. Dell should no longer lead his company. Stocks pointed south this morning as reports emerge that the Fed planning to scale back its asset purchases and retail sales data came up better than expected.
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2a839c15-efee-48c7-abce-fa66129f7e50
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726442.0
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2013-05-10 00:00:00 UTC
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Pre-Market Primer: Yen Crosses Milestone; Global Stocks Rally
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DELL
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https://www.nasdaq.com/articles/pre-market-primer-yen-crosses-milestone-global-stocks-rally-2013-05-10
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nan
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nan
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Global stocks are rallying today as the yen crosses a milestone and G7 finance ministers begin a weekend meeting.
After Thursday's slip US stock indices are pointing toward a slightly higher open today. Dow (INDEXDJX:.DJI) futures are up 0.17% at 15,070. S&P 500 (INDEXSP:.INX) futures are up 0.09% to 1,626.00 and future contracts on the Nasdaq (INDEXNASDAQ:.IXIC) index were up 0.14% at 2,962.25. No major economic data for the US is scheduled for today, but Federal Reserve Chairman Ben Bernanke will give a speech at the Chicago Fed banking conference this morning.
The Nikkei (INDEXNIKKEI:.NI225) jumped nearly 3% overnight after the yen reached the milestone of 100 to the dollar as a result of the central bank's currency-weakening efforts. The ratio continued to rise to 101.5 this morning.
Activist investor Carl Icahn is making a play for Dell ( DELL ). Icahn, along with Southeaster Asset Management, is offering $12 per share in either cash or stock. Dell currently trades above $13, but the investors threatened legal action if shareholders don't get a chance to vote on their offer to take the company private as an alternative to the $24.4 billion offer currently being considered. Icahn and Southeastern are the two largest holders of the stock.
Nvidia ( NVDA ) shares climbed 2.4% in the pre-market after it reported earnings that beat Wall Street analyst projections. The maker of graphics processors' net income rose to $0.13 per share as sales rose 3.2% to $947 million. The company's gross margin also rose 4.2% from the year earlier to 54.3%.
Priceline.com ( PCLN ) also beat expectations. Adjusted net income rose 34.6% from the year earlier to $5.76 per share and revenue rose 26% to $1.3 billion. Shares were dead flat this morning, however, as the company's earnings guidance fell short of forecasts.
European shares also rose overnight. Germany's trade surplus rose by 500 million euros to 17.6 billion euros in March. Imports rose 1.4% on the month and exports rose 0.5%. In the same month, Italy's industrial production fell 0.8%, far more than economists estimates. The Italian goods producing sector's activity is down 5.2% from March 2012.
The G7 finance ministers begin a two-day meeting in Britain today to discuss the fallout of the Cyprus debacle and ways to prevent it from happening again.
Twitter: @vincent_trivett
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Activist investor Carl Icahn is making a play for Dell ( DELL ). Dell currently trades above $13, but the investors threatened legal action if shareholders don't get a chance to vote on their offer to take the company private as an alternative to the $24.4 billion offer currently being considered. No major economic data for the US is scheduled for today, but Federal Reserve Chairman Ben Bernanke will give a speech at the Chicago Fed banking conference this morning.
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Activist investor Carl Icahn is making a play for Dell ( DELL ). Dell currently trades above $13, but the investors threatened legal action if shareholders don't get a chance to vote on their offer to take the company private as an alternative to the $24.4 billion offer currently being considered. Adjusted net income rose 34.6% from the year earlier to $5.76 per share and revenue rose 26% to $1.3 billion.
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Activist investor Carl Icahn is making a play for Dell ( DELL ). Dell currently trades above $13, but the investors threatened legal action if shareholders don't get a chance to vote on their offer to take the company private as an alternative to the $24.4 billion offer currently being considered. The maker of graphics processors' net income rose to $0.13 per share as sales rose 3.2% to $947 million.
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Dell currently trades above $13, but the investors threatened legal action if shareholders don't get a chance to vote on their offer to take the company private as an alternative to the $24.4 billion offer currently being considered. Activist investor Carl Icahn is making a play for Dell ( DELL ). Shares were dead flat this morning, however, as the company's earnings guidance fell short of forecasts.
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527d15eb-3c86-4966-9bb4-2df0ed9cc250
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2013-05-10 00:00:00 UTC
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Pre-Market Most Active for May 10, 2013 : DELL, DDD, APO, NOK, BAC, ING, NVS, PTIE, DNDN, NVDA, ERIC, MU
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-may-10-2013-dell-ddd-apo-nok-bac-ing-nvs-ptie-dndn-nvda-eric-mu
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nan
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The NASDAQ 100 Pre-Market Indicator is up 2.22 to 2,963.34. The total Pre-Market volume is currently 29,565,527 shares traded.
The following are the most active stocks for the pre-market session :
Dell Inc. ( DELL ) is +0.07 at $13.39, with 26,233,178 shares traded. DELL's current last sale is 98.1% of the target price of $13.65.
3D Systems Corporation ( DDD ) is -2.7 at $40.30, with 1,551,333 shares traded. As reported in the last short interest update the days to cover for DDD is 8.97876; this calculation is based on the average trading volume of the stock.
Apollo Global Management, LLC ( APO ) is -0.85 at $24.73, with 946,756 shares traded. As reported by Zacks, the current mean recommendation for APO is in the "buy range".
Nokia Corporation ( NOK ) is +0.1 at $3.65, with 676,823 shares traded. NOK's current last sale is 121.67% of the target price of $3.
Bank of America Corporation ( BAC ) is +0.05 at $12.96, with 649,686 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.23. BAC's current last sale is 99.69% of the target price of $13.
ING Group, N.V. ( ING ) is +0.11 at $8.99, with 502,000 shares traded. As reported by Zacks, the current mean recommendation for ING is in the "strong buy range".
Novartis AG ( NVS ) is +0.78 at $75.00, with 501,100 shares traded. As reported by Zacks, the current mean recommendation for NVS is in the "buy range".
Pain Therapeutics ( PTIE ) is -2.44 at $2.88, with 388,113 shares traded. PTIE's current last sale is 36% of the target price of $8.
Dendreon Corporation ( DNDN ) is -0.19 at $3.84, with 248,282 shares traded. As reported in the last short interest update the days to cover for DNDN is 14.542201; this calculation is based on the average trading volume of the stock.
NVIDIA Corporation ( NVDA ) is +0.44 at $14.35, with 184,579 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Oct 2013. The consensus EPS forecast is $0.23. NVDA's current last sale is 102.5% of the target price of $14.
Ericsson ( ERIC ) is -0.02 at $12.43, with 162,500 shares traded. ERIC's current last sale is 103.58% of the target price of $12.
Micron Technology, Inc. ( MU ) is -0.111 at $10.60, with 123,220 shares traded., following a 52-week high recorded in prior regular session.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.07 at $13.39, with 26,233,178 shares traded. DELL's current last sale is 98.1% of the target price of $13.65. As reported in the last short interest update the days to cover for DDD is 8.97876; this calculation is based on the average trading volume of the stock.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.07 at $13.39, with 26,233,178 shares traded. DELL's current last sale is 98.1% of the target price of $13.65. The total Pre-Market volume is currently 29,565,527 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.07 at $13.39, with 26,233,178 shares traded. DELL's current last sale is 98.1% of the target price of $13.65. Nokia Corporation ( NOK ) is +0.1 at $3.65, with 676,823 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.07 at $13.39, with 26,233,178 shares traded. DELL's current last sale is 98.1% of the target price of $13.65. The NASDAQ 100 Pre-Market Indicator is up 2.22 to 2,963.34.
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726444.0
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2013-05-10 00:00:00 UTC
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Benzinga Market Primer: Friday, May 10
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DELL
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https://www.nasdaq.com/articles/benzinga-market-primer-friday-may-10-2013-05-10
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nan
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nan
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Futures Slightly Higher On Yen Weakness
U.S. equity futures rose slightly in early pre-market trade although the story was all about the yen overnight. The yen continued to weaken against the dollar overnight as the USD/JPY rose above 101 on new reports that Japanese citizens are starting to buy foreign assets, a key sign that the yen devaluation is working and is sustainable.
Top News
In other news around the markets:
Germany's trade balance was reported as better than expected at 17.6 billion euros vs. the forecast of 16.5 billion euros in March. However, the data represents a drop from February's upwardly revised 17.7 billion euros. An investor group led by Carl Icahn and Southeastern Asset Management are offering an alternative buyout solution to Dell's (NASDAQ: DELL ) woes. The two are offering $12 per share to current investors with the option for them to also keep their stock. Bloomberg reported overnight that Yahoo! (NASDAQ: YHOO ) is looking to buy Hulu to add video services to its platform. S&P 500 futures rose 1.7 points to 1,626.30. The EUR/USD was lower at 1.3012. Spanish 10-year government bond yields fell 2 basis points to 4.17 percent. Italian 10-year government bond yields fell 3 basis points to 3.85 percent. Gold fell 1.37 percent to $1,448.50 per ounce.
Asian Markets
Asian shares were higher led by Japanese stocks as the yen continued to weaken, boosting hopes that Japan's easing efforts will work. The Japanese Nikkei Index rose 2.93 percent and the Shanghai Composite Index rose 0.62 percent while the Hang Seng Index gained 0.47 percent. Also, the Korean Kospi fell 1.75 percent and Australian shares gained 0.15 percent.
European Markets
European shares were also higher overnight on the back of Asian strength. The Spanish Ibex Index rose 0.34 percent and the Italian FTSE MIB Index rose 1.23 percent. Meanwhile, the German DAX gained 0.53 percent and the French CAC 40 added 0.51 percent while U.K. shares gained 0.34 percent.
Commodities
Commodities were lower overnight with the key theme being dollar strength weighing on commodities broadly. WTI Crude futures fell 0.73 percent to $95.69 per barrel and Brent Crude futures fell 0.44 percent to $104.01 per barrel. Copper futures rose marginally by 0.04 percent to $334.20 per pound. Gold was lower and silver futures fell 1.13 percent to $23.64 per ounce.
Currencies
Currency markets showed broad dollar strength overnight, not just against the yen, as dollar strength continued as the major theme from Thursday's trading. The EUR/USD was lower at 1.3012 and the dollar rose against the yen to 101.24. Overall, the Dollar Index rose 0.18 percent on strength against the yen, the Swiss franc, the pound, the euro, and the Canadian dollar.
Earnings Reported Yesterday
Key companies that reported earnings Thursday include:
Priceline.com (NASDAQ: PCLN ) reported first quarter EPS of $5.76 vs. $5.27 expected. However, the company slashed Q2 guidance to $8.87-$9.45 EPS vs. the forecast of $9.58 per share. NVIDIA (NASDAQ: NVDA ) reported first quarter EPS of $0.18 vs. $0.15 on revenue of $954.7 million vs. $940.7 million expected. Apache (NYSE: APA ) reported first quarter EPS of $2.02 vs. $2.21 expected and announced a 30 million share buyback program.
Pre-Market Movers
Stocks moving in the pre-market included:
Priceline.com (NASDAQ: PCLN ) shares fell 2.73 percent pre-market on the guidance cut. Dell (NASDAQ: DELL ) shares rose 1.5 percent pre-market on the Icahn news. J.P. Morgan Chase (NYSE: JPM ) shares declined 1.04 percent pre-market after the state of California accused the company of illegal debt collection practices. Gap(NYSE: GPS ) shares rose 7.19 percent pre-market after the company reported strong April same-store-sales and raised Q1 EPS guidance to $0.68-$0.69 vs. the forecast of $0.56.
Earnings
Notable companies expected to report earnings Friday include:
Horizon Pharmaceuticals (NASDAQ: HZNP ) is expected to report a first quarter loss of $0.35 per share vs. a loss of $0.98 per share a year ago. Sketchers (NYSE: SKX ) is expected to report first quarter EPS of $0.19 vs. a loss of $0.07 per share a year ago. ArcelorMittal (NYSE: MT ) is expected to report a first quarter loss of $0.05 vs. EPS of $0.01 a year ago. Silver Wheaton (NYSE: SLW ) is expected to report first quarter EPS of $0.40 vs. $0.41 a year ago.
Economics
On the economics calendar Friday, Chicago Fed President Charles Evans and Fed Chairman Ben Bernanke are set to speak followed by Kansas City Fed President Esther George. In addition, the Canadian employment report and the ECRI Weekly report are due out. Early Monday, Chinese fixed asset investment, industrial production, and retail sales are all due out.
Good luck and good trading.
Click here to view Benzinga's Market Wrap for Thursday, May 9.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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An investor group led by Carl Icahn and Southeastern Asset Management are offering an alternative buyout solution to Dell's (NASDAQ: DELL ) woes. Dell (NASDAQ: DELL ) shares rose 1.5 percent pre-market on the Icahn news. Apache (NYSE: APA ) reported first quarter EPS of $2.02 vs. $2.21 expected and announced a 30 million share buyback program.
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An investor group led by Carl Icahn and Southeastern Asset Management are offering an alternative buyout solution to Dell's (NASDAQ: DELL ) woes. Dell (NASDAQ: DELL ) shares rose 1.5 percent pre-market on the Icahn news. Asian Markets Asian shares were higher led by Japanese stocks as the yen continued to weaken, boosting hopes that Japan's easing efforts will work.
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An investor group led by Carl Icahn and Southeastern Asset Management are offering an alternative buyout solution to Dell's (NASDAQ: DELL ) woes. Dell (NASDAQ: DELL ) shares rose 1.5 percent pre-market on the Icahn news. The Japanese Nikkei Index rose 2.93 percent and the Shanghai Composite Index rose 0.62 percent while the Hang Seng Index gained 0.47 percent.
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An investor group led by Carl Icahn and Southeastern Asset Management are offering an alternative buyout solution to Dell's (NASDAQ: DELL ) woes. Dell (NASDAQ: DELL ) shares rose 1.5 percent pre-market on the Icahn news. Gold was lower and silver futures fell 1.13 percent to $23.64 per ounce.
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7898f3c3-08b1-472c-be01-1692e7d3e33a
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726445.0
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2013-05-10 00:00:00 UTC
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Tech News: Icahn Presents a New Challenge to Dell Buyout; Android Is Stomping the Competition
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DELL
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https://www.nasdaq.com/articles/tech-news-icahn-presents-new-challenge-dell-buyout-android-stomping-competition-2013-05-10
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nan
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nan
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Carl Icahn Is Still Challenging the Dell Buyout
The activist investor Carl Icahn and Southeastern Asset Management have joined forces to propose an alternative to Michael Dell and private equity firm Silver Lake's plan to take Dell ( DELL ) private. Dell and Silver Lake have proposed a $24.4 billion buyout, or $13.65 per share, to purchase the world's third largest computer maker. Today, news surfaced that Icahn and Southeastern, who together own about 13% of the company, have a plan wherein shareholders get $12 for every share they own and are able to retain their stock. The cash portion of this approach to privatization would be $21 billion.
To help finance such a deal, Icahn told Reuters he would personally contribute from his own wealth to come up with the $5.2 billion bridge loan the arrangement would require. Later, he told CNBC he had talked with several investment banks about the loan, one of them being Jeffries.
This continues Icahn's saga to get a Dell buyout on his terms; he had previously offered to buy 58% of the company at $15 per share. Additionally, in April, Icahn joined forces with The Blackstone Group LP ( BX ) to challenge Michael Dell's buyout plan. Blackstone has since abandoned the cause.
State Department Orders Website to Take Down Blueprints for 3D Printed Gun
Yesterday, the website Defense Distributed , a kind of Wikipedia for weapons, was ordered by the Department of Defense Trade Controls to take down blueprints for a gun called "The Liberator," which is a weapon that can be fully manufactured with a 3D printer. Here is the page where the blueprints were posted, replaced now by the logo for the US Department of State and a notice reading, "Until further notice, the United States government claims control of the information."
The State Department has said that the blueprints may be in violation of US export controls. Since the blueprints could be downloaded by anyone, they could be printed abroad; in the eyes of the government, this could pose a potential risk.
Before Defense Distributed removed the blueprints, over 100,000 users had downloaded them. Through file sharing networks, the file has certainly reached many more people than that. That being said, the vast majority of people won't have the equipment necessary to manufacture The Liberator; Defense Distributed used an $8,000 3D printer, which is still a rare device.
Companies with 3D printing endeavors like 3D Systems ( DDD ), Stratasys ( SSYS ), and Hewlett-Packard ( HPQ ), as well as their investors, ought to be paying attention.
As Defense Distributed's founder Cody Wilson tweeted yesterday, "Some shapes are more dangerous than others."
A New Report on Android's Dominance Over Apple and Microsoft... What's Next?
Yesterday, the the tech research firm Canalys released a Q1 2013 report on the sale of smart mobile devices during the quarter: Global shipments grew an impressive 37.4%, and leading the pack were devices powered by Google's (GOOG) Android operating system, with a 59.5% share of the market. Apple (AAPL) came in second place with 19.3%, and Microsoft (MSFT) was in a close third with 18.1%.
Leading sales growth in smart mobile devices were tablets, which saw a huge 106.1% growth since Q1 2012. Despite Android's overall market share dominance, Apple's iPad continues to lead in tablets, with 46.4% of total market share.
Smartphones and tablets saw big growth in sales, but only 50.5 million laptops were sold, accounting for a 13.1% drop since Q1 2012. Though laptops and desktops are being superseded by smartphones and tablets, the possibility of Google moving its Android OS to computers could potentially be profitable for the company. Although it was only launched in 2007, Android has handily become the smart device leader. Are laptops next? Google's Chrome OS already runs on the new, cheap Chromebooks, made predominantly by Samsung (OTCMKTS:SSNLF), and many have speculated already about the possible combination of Chrome and Android .
YouTube's Paid Subscription Pilot Program Begins
Yesterday, YouTube launched a pilot program that lets video makers on the site charge users to subscribe to their their channels; they can charge as low as $0.99 per month. All of the new paid channels, including offerings from HDNet, UFC, and the PGA Digital Golf Academy, offer a 14-day free trial and discounts for users who subscribe for at least one year. SmartTV.com plans to offer a network of seven channels from its Entertainment Studios Networks for $10 per month, which is a full $2 more per month than Netflix (NFLX). In total, the pilot program includes 53 paid channels.
This program is the newest addition to YouTube's growing revenue stream, which includes the sales of movies, episodes of TV shows, and pay-per-view events. If the program catches on with users, YouTube could help Google be competitive with Apple should the much rumored Apple TV ever materialize.
FCC Has Plans to Make In-Flight Wi-Fi Faster
Seeking to lower the cost and quicken the speed of Internet service on commercial planes, the FCC yesterday proposed the auction of rights to use newly available wireless spectrum. This would be the first step in the agency's plans to guarantee that in-flight Internet service is as fast as Internet speeds on the ground. Julius Genachowski, the chairman of the FCC, said of the proposal, "This will enable business and leisure travelers aboard aircraft in the United States to be more productive and have more choices in entertainment, communications and social media, and it could lower prices."
It could probably also increase sales, and benefit broadband providers with airline relationships.
As of now, about 25% of domestic flights offer Wi-Fi, according to Routehappy.com, and it is generally limited to 3 megabits per second per plane, which is half the speed of the average household connection.
The new proposed system would work with a 500-megahertz bandwidth, which is far wider than the current 4-megahertz bandwidth for transmitting data from ground to land. That system could transmit 300 gigabits per second to all aircraft in the sky.
For more on the question of freeing up more wireless spectrum, read:
It's Not Super WiFi, but It's Still Important: The Debate Over 'Unlicensed Spectrum'
Google Leads Recycling of TV White Space for Wireless Broadband
Follow me on Twitter: @JoshWolonick and @Minyanville
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Additionally, in April, Icahn joined forces with The Blackstone Group LP ( BX ) to challenge Michael Dell's buyout plan. Carl Icahn Is Still Challenging the Dell Buyout The activist investor Carl Icahn and Southeastern Asset Management have joined forces to propose an alternative to Michael Dell and private equity firm Silver Lake's plan to take Dell ( DELL ) private. Dell and Silver Lake have proposed a $24.4 billion buyout, or $13.65 per share, to purchase the world's third largest computer maker.
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Carl Icahn Is Still Challenging the Dell Buyout The activist investor Carl Icahn and Southeastern Asset Management have joined forces to propose an alternative to Michael Dell and private equity firm Silver Lake's plan to take Dell ( DELL ) private. Dell and Silver Lake have proposed a $24.4 billion buyout, or $13.65 per share, to purchase the world's third largest computer maker. This continues Icahn's saga to get a Dell buyout on his terms; he had previously offered to buy 58% of the company at $15 per share.
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Carl Icahn Is Still Challenging the Dell Buyout The activist investor Carl Icahn and Southeastern Asset Management have joined forces to propose an alternative to Michael Dell and private equity firm Silver Lake's plan to take Dell ( DELL ) private. Dell and Silver Lake have proposed a $24.4 billion buyout, or $13.65 per share, to purchase the world's third largest computer maker. This continues Icahn's saga to get a Dell buyout on his terms; he had previously offered to buy 58% of the company at $15 per share.
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Carl Icahn Is Still Challenging the Dell Buyout The activist investor Carl Icahn and Southeastern Asset Management have joined forces to propose an alternative to Michael Dell and private equity firm Silver Lake's plan to take Dell ( DELL ) private. Dell and Silver Lake have proposed a $24.4 billion buyout, or $13.65 per share, to purchase the world's third largest computer maker. This continues Icahn's saga to get a Dell buyout on his terms; he had previously offered to buy 58% of the company at $15 per share.
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d6306cf6-1788-48e0-9d24-a024ae3e3a89
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726446.0
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2013-05-10 00:00:00 UTC
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Wishy-Washy Friday Draws Winning Week to a Close
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DELL
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https://www.nasdaq.com/articles/wishy-washy-friday-draws-winning-week-close-2013-05-10
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nan
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nan
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For the first day in four, the Dow Jones Industrial Average (DJI) failed to reach a new intraday high, as traders opted to stay on the sidelines ahead of the weekend. "It was an extremely slow day on the news front, with not many earnings reports and no meaningful economic data released," noted Schaeffer's Senior Equity Analyst Joe Bell, CMT. "The markets traded sideways for much of the day as a result." On a weekly basis, the Dow and other major market averages turned in a third consecutive win.
Continue reading for more on today's market, including :
Have stocks " hit a speed bump "? Senior Trading Analyst Bryan Sapp shares his thoughts.
Senior Options Strategist Tony Venosa, CMT, shows how to set up a bearish trade on JPMorgan Chase ( JPM ).
The Weekly Contrarian: Why Green Mountain Coffee Roasters ( GMCR ) still has room to run .
plus...
Ben Bernanke avoids policy talk, Dell Inc. ( DELL ) has a new deal on the table, and Apple Inc. ( AAPL ) short sellers make their presence known.
The Dow Jones Industrial Average (DJI) bounced around breakeven for the first half of the trading day, before seemingly committing to the downside shortly before noon. The bulls had the last laugh, however, as a late-session burst of buying momentum took the Dow up 35.9 points, or 0.2%, to end the week at a new closing high of 15,118.49. Of the Dow's 30 members, 23 were positive on the day, led by Hewlett-Packard ( HPQ ), which gained 1.7%. Bringing up the rear was Caterpillar (CAT), off 1.5%. For the week, the Dow advanced by just under 1%.
It was a similar session for the S&P 500 Index (SPX) , which closed at its intraday high -- another closing record -- of 1,633.70, up 7 points, or 0.4%. The Nasdaq Composite (COMP) outperformed on the day, trading in positive territory, notching a 12-year peak of 3,436.60, and ending just shy of this apex, at 3,436.58, up 27.4 points, or 0.8%, for the session. The SPX rose 1.2% for the week; the COMP added 1.7%.
The CBOE Market Volatility Index (VIX) was back in the red today, slipping back south of the 13 level on a drop of 0.5 point, or 4.1%, to finish at 12.59. Since last Friday, the VIX has given back 2%.
A Trader's Take :
"Overall, we saw energy and basic materials lag the market, while healthcare and telecom names showed strength," added Bell. "Small-caps once again had a pretty nice day, relative to big-cap stocks. With defensive stocks leading for most of early 2013, it's nice to see the riskier growth stocks getting some love of late."
3 Things to Know About Today's Market :
Speaking before a banking conference in Chicago, Federal Reserve Chairman Ben Bernanke failed to comment on monetary policy or the overall U.S. economy. He did express concerns about the shadow banking industry, however, and affirmed that the central bank continues to monitor asset markets for high-risk activities. (Reuters)
Dell Inc. ( DELL ) shareholders Southeastern Asset Management and Carl Icahn have joined forces to propose an alternative to Michael Dell's current plan to take the company private for $13.65 per share. In the $21 billion Icahn/Southeastern bid, which keeps the company publicly traded, shareholders would retain their DELL shares, but also receive a $12 per-share cash payout (or additional shares). (Los Angeles Times)
The Group of Seven (G7) finance ministers converged on London for a scheduled meeting about the global economic recovery. As a prelude to this gathering, U.S. Treasury Secretary Jack Lew raised an eyebrow at Japan's efforts to shore up its economy, noting there are "ground rules" to follow. (Yahoo! News)
5 Stocks We Were Watching Today :
Apple Inc. ( AAPL ) was recently targeted by bearish investors, who boosted short interest to record highs.
Bad news for Pain Therapeutics (PTIE) inspired increased activity in the options pits.
Long-term Procter & Gamble (PG) bulls expect the shares to top the century mark by January 2015.
Take-Two Interactive Software (TTWO) earned a price-target hike ahead of Monday's earnings report.
Our Option Idea of the Week: Colgate-Palmolive (CL) could be poised to scale a wall of worry into record-high territory.
For a look at today's options movers and commodities activity, head to page 2.
Commodities :
After falling south of the $94-per-barrel threshold intraday, crude oil was able to fight its way back near breakeven by the close. June-dated oil settled off 35 cents, or 0.4%, at $96.04 per barrel. For the week, black gold edged up 0.4%.
Gold futures also fell, thanks in part to a rallying U.S. dollar. By the close, June gold futures had surrendered $32, or 2.2%, to end at $1,436.60 an ounce. The yellow metal was not as fortunate on a weekly basis as its oil counterpart, giving back 1.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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plus... Ben Bernanke avoids policy talk, Dell Inc. ( DELL ) has a new deal on the table, and Apple Inc. ( AAPL ) short sellers make their presence known. (Reuters) Dell Inc. ( DELL ) shareholders Southeastern Asset Management and Carl Icahn have joined forces to propose an alternative to Michael Dell's current plan to take the company private for $13.65 per share. In the $21 billion Icahn/Southeastern bid, which keeps the company publicly traded, shareholders would retain their DELL shares, but also receive a $12 per-share cash payout (or additional shares).
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plus... Ben Bernanke avoids policy talk, Dell Inc. ( DELL ) has a new deal on the table, and Apple Inc. ( AAPL ) short sellers make their presence known. (Reuters) Dell Inc. ( DELL ) shareholders Southeastern Asset Management and Carl Icahn have joined forces to propose an alternative to Michael Dell's current plan to take the company private for $13.65 per share. In the $21 billion Icahn/Southeastern bid, which keeps the company publicly traded, shareholders would retain their DELL shares, but also receive a $12 per-share cash payout (or additional shares).
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plus... Ben Bernanke avoids policy talk, Dell Inc. ( DELL ) has a new deal on the table, and Apple Inc. ( AAPL ) short sellers make their presence known. (Reuters) Dell Inc. ( DELL ) shareholders Southeastern Asset Management and Carl Icahn have joined forces to propose an alternative to Michael Dell's current plan to take the company private for $13.65 per share. In the $21 billion Icahn/Southeastern bid, which keeps the company publicly traded, shareholders would retain their DELL shares, but also receive a $12 per-share cash payout (or additional shares).
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plus... Ben Bernanke avoids policy talk, Dell Inc. ( DELL ) has a new deal on the table, and Apple Inc. ( AAPL ) short sellers make their presence known. (Reuters) Dell Inc. ( DELL ) shareholders Southeastern Asset Management and Carl Icahn have joined forces to propose an alternative to Michael Dell's current plan to take the company private for $13.65 per share. In the $21 billion Icahn/Southeastern bid, which keeps the company publicly traded, shareholders would retain their DELL shares, but also receive a $12 per-share cash payout (or additional shares).
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d7af21ef-f97d-4b4b-9c7d-8cca2eb867b2
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726447.0
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2013-05-10 00:00:00 UTC
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Telefonica Signs Contract With Dell - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/telefonica-signs-contract-with-dell-analyst-blog-2013-05-10
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nan
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nan
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Spanish telecom operator, Telefonica S.A. ( TEF ) has struck a deal with Dell Inc. ( DELL ) to offer mobile connectivity solutions for its Windows 7 and Windows 8-based devices throughout Europe by means of Dell NetReady solution.
Dell is already using Telefónica's mobile service. Therefore by connecting to Dell NetReady technology, the customers can easily connect their devices to the Telefónica's pay-as-you-go Internet plan.
The new bundled service, will serve corporate users better as they can easily access the network whether in office or away by just a click of a button. The plan is also made flexible starting from 30 minutes up to 1 a month with two different rate plans.
Telefonica is facing intense competition from the likes of France Telecom 's ( FTE ) Orange mobile brand and Vodafone Group Plc. ( VOD ). In order to safeguard its position in the European region the company is continuously upgrading its 3G mobile broadband networks -- High Speed Packet Access Plus (HSPA+) and Dual Cell HSPA. The company is further working to deploy LTE services in urban areas and also taking initiatives to adopt new technologies like Voice over LTE (VoLTE) to drive its top line.
The company has undertaken several efforts to enhance efficiency across European markets such as removal of handset subsidies in Spain, gradual reduction of subsidies in the U.K., network sharing agreement in the U.K. and Mexico and redundancy program in Spain. Such initiatives would lead to further savings and boost profit in the coming years.
Telefonica S.A. currently has a Zacks Rank #3 (Hold).
DELL INC (DELL): Free Stock Analysis Report
FRANCE TELE-ADR (FTE): Free Stock Analysis Report
TELEFONICA S.A. (TEF): Free Stock Analysis Report
VODAFONE GP PLC (VOD): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Spanish telecom operator, Telefonica S.A. ( TEF ) has struck a deal with Dell Inc. ( DELL ) to offer mobile connectivity solutions for its Windows 7 and Windows 8-based devices throughout Europe by means of Dell NetReady solution. Dell is already using Telefónica's mobile service. Therefore by connecting to Dell NetReady technology, the customers can easily connect their devices to the Telefónica's pay-as-you-go Internet plan.
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Spanish telecom operator, Telefonica S.A. ( TEF ) has struck a deal with Dell Inc. ( DELL ) to offer mobile connectivity solutions for its Windows 7 and Windows 8-based devices throughout Europe by means of Dell NetReady solution. Therefore by connecting to Dell NetReady technology, the customers can easily connect their devices to the Telefónica's pay-as-you-go Internet plan. DELL INC (DELL): Free Stock Analysis Report FRANCE TELE-ADR (FTE): Free Stock Analysis Report TELEFONICA S.A. (TEF): Free Stock Analysis Report VODAFONE GP PLC (VOD): Free Stock Analysis Report To read this article on Zacks.com click here.
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Spanish telecom operator, Telefonica S.A. ( TEF ) has struck a deal with Dell Inc. ( DELL ) to offer mobile connectivity solutions for its Windows 7 and Windows 8-based devices throughout Europe by means of Dell NetReady solution. DELL INC (DELL): Free Stock Analysis Report FRANCE TELE-ADR (FTE): Free Stock Analysis Report TELEFONICA S.A. (TEF): Free Stock Analysis Report VODAFONE GP PLC (VOD): Free Stock Analysis Report To read this article on Zacks.com click here. Dell is already using Telefónica's mobile service.
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Dell is already using Telefónica's mobile service. Therefore by connecting to Dell NetReady technology, the customers can easily connect their devices to the Telefónica's pay-as-you-go Internet plan. Spanish telecom operator, Telefonica S.A. ( TEF ) has struck a deal with Dell Inc. ( DELL ) to offer mobile connectivity solutions for its Windows 7 and Windows 8-based devices throughout Europe by means of Dell NetReady solution.
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490e50ab-e2d9-4377-a6c0-9c84c9799163
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726448.0
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2013-05-05 00:00:00 UTC
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Cheapness is an Excellent Catalyst
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DELL
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https://www.nasdaq.com/articles/cheapness-excellent-catalyst-2013-05-05
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nan
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nan
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I group my equity investments into three main categories:
Compounders:These are Warren Buffett "forever" stocks, or franchise businesses with durable competitive advantages that I'm willing to hold for a long time as long as the business continues to compound cash flow, dividends, and intrinsic value.
Cheap and Good:These are stocks that are not as high quality as the compounders, but are still above average businesses producing good returns on capital but are for some reason selling at a cheap price, often because of some temporary problem. These stocks are often Joel Greenblatt style Magic Formula stocks.
Cheap Assets:These are stocks that give you the opportunity to buy $1 worth of assets at a discount. Net-nets, stocks below tangible book, or stocks with hidden asset values fall into this group. Often times the businesses in this group have problems, but the market is offering you the assets for less than the value on the books, and you get the upside potential of the business improving without paying anything for it.
But I will invest in a fourth category on rare occasions that I refer to as "special situations," which is also what other value investors commonly call this area of investing.
Value Investing with a Catalyst
Joel Greenblatt wrote one of my favorite books called You Can Be a Stock Market Genius in which he expertly describes in detail (case studies included) many types of special situations. A special situation, generally defined, is a stock with some sort of corporate catalyst. such as a spinoff, reorganization or merger. Greenblatt made 40% annual returns for 20 years using the techniques he describes in the book.
However, I am not an expert in this area, and so I don't often invest in these situations, unless I'm comfortable with the underlying value. I have found that it is possible to outperform the market, potentially by a significant margin, by simply owning a diversified basket of undervalued stocks. You could potentially follow Joel Greenblatt 's magic formula and do nothing else, and do extremely well over time. But there are investors who have done much better than that. Often these investors, like Greenblatt in his early years, have used special situations in their investment strategy.
I invest in spinoffs when I think the parent or the spinoff is undervalued, but I don't really buy spinoff stocks just because they've historically done very well (although an argument could be made for this simple idea as well). I occasionally invest in stocks that are involved with a merger or buyout, but again, the common thread is that I want to be comfortable with the valuation before investing. There are some investors that will invest in arbitrage strategies using the deal itself as the entire reason for investing. If the deal falls through, you're left with a sizable loss and a stock that you may or may not still want. I've never been attracted to those types of scenarios.
Value is its own Catalyst
I do spend a lot of time learning about special situations and over time, I may become more skilled in this corner of the value investing world, but for now, I prefer to maintain my diversified basket of above-average companies at below-average valuations. Just like many value investors are fascinated by trying to find franchise businesses because Buffett has done so well there, many value investors are also enthralled with stocks with catalysts, because Greenblatt and others have done extraordinarily well there. I agree with both of those camps, and both strategies can work if you become proficient at them.
But one thing I've learned over the years is that value, or cheapness, is its own catalyst. What I mean by this is that when a stock becomes cheap, that very cheapness may produce its own catalyst in the form of a corporate buyout or private equity group becoming interested. But even putting buyouts and mergers aside, when a stock becomes cheap enough, it at some point will cause other value investors to become interested. This is mean reversion, and mean reversion is the most powerful force in markets. When it is applied without leverage (this is important) within the context of an investment strategy, it can yield outstanding results for the patient, disciplined practitioner.
My favorite investor is Walter Schloss, and although I presume he invested in special situations from time to time, he built his exemplary track record ( 20% returns for 47 years ) on the foundation of buying cheap stocks. I doubt that he thought of his strategy this way, but he was essentially using cheapness as his catalyst. He simply tried to buy stocks cheap that had low amounts of debt, with the idea that eventually, these lowly levered companies as a group would survive, and thus the stock price and the valuation would rise (revert to the mean). In some instances, the businesses improved and that represented enormous upside potential for the stocks in his portfolio.
So I try not to worry too much about catalysts. It's a buzz word on Wall Street, and many investors are obsessed with identifying a catalyst. There is certainly nothing wrong with spending time identifying, evaluating, and analyzing a catalyst if you have the skills and time to do that. There are some outstanding investors I follow that do this regularly, and I learn a lot by reading their fund letters and blogs. I am always trying to improve. But the one thing to keep in mind is that if you properly identify cheap stocks, valuation often works as your tail wind, providing you with a built-in catalyst.
Two Examples of Stocks where Value became the Catalyst
Dell Inc. ( DELL ) and Ebix Inc. ( EBIX ) are two stocks that I've followed for some time now as both have shown up on Greenblatt's screen for months. I list these together because they have numerous similarities: Both got cheap because of certain problems, both have similar quality metrics such as above-average returns on capital, both are involved in a pending buyout, and both have CEOs with large stakes in the business.
We own DELL, but unfortunately didn't take a position in EBIX. I didn't get comfortable with the accounting, but that stock represents an interesting study on its own about how markets inefficiently price event risk and other uncertainties. I'll have a post discussing these two stocks, and why I might still take a position in EBIX, which has just agreed to sell itself to Goldman Sachs for $20 per share.
But both of these stocks became extremely cheap and both turned out to be special situations, but before the mergers were announced, these stocks began to appreciate significantly. This happens a lot with stocks that have problems, but become extremely cheap. At some point, value creates its own catalyst. Water finds its level, and mean reversion kicks in. It happens over and over and there will be plenty of other opportunities to capitalize on.
Read More:
Warren Buffett
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Two Examples of Stocks where Value became the Catalyst Dell Inc. ( DELL ) and Ebix Inc. ( EBIX ) are two stocks that I've followed for some time now as both have shown up on Greenblatt's screen for months. We own DELL, but unfortunately didn't take a position in EBIX. Value Investing with a Catalyst Joel Greenblatt wrote one of my favorite books called You Can Be a Stock Market Genius in which he expertly describes in detail (case studies included) many types of special situations.
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Two Examples of Stocks where Value became the Catalyst Dell Inc. ( DELL ) and Ebix Inc. ( EBIX ) are two stocks that I've followed for some time now as both have shown up on Greenblatt's screen for months. We own DELL, but unfortunately didn't take a position in EBIX. I group my equity investments into three main categories: Compounders:These are Warren Buffett "forever" stocks, or franchise businesses with durable competitive advantages that I'm willing to hold for a long time as long as the business continues to compound cash flow, dividends, and intrinsic value.
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Two Examples of Stocks where Value became the Catalyst Dell Inc. ( DELL ) and Ebix Inc. ( EBIX ) are two stocks that I've followed for some time now as both have shown up on Greenblatt's screen for months. We own DELL, but unfortunately didn't take a position in EBIX. Value Investing with a Catalyst Joel Greenblatt wrote one of my favorite books called You Can Be a Stock Market Genius in which he expertly describes in detail (case studies included) many types of special situations.
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Two Examples of Stocks where Value became the Catalyst Dell Inc. ( DELL ) and Ebix Inc. ( EBIX ) are two stocks that I've followed for some time now as both have shown up on Greenblatt's screen for months. We own DELL, but unfortunately didn't take a position in EBIX. Often times the businesses in this group have problems, but the market is offering you the assets for less than the value on the books, and you get the upside potential of the business improving without paying anything for it.
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bf068ae5-92a1-49eb-b1dc-be68ab87d5cf
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726449.0
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2013-05-04 00:00:00 UTC
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Wealthtrack Interviews Financial Thought Leader Charles Ellis
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DELL
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https://www.nasdaq.com/articles/wealthtrack-interviews-financial-thought-leader-charles-ellis-2013-05-04
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nan
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nan
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Here's an exclusive interview with financial thought leader Charles Ellis about "what it takes" to be the best in the business. Ellis shares 50 years of wisdom learned from advising firms and governments on where to invest, and has applied his 50-plus years of experience in his new book:
What it Takes: Seven Secrets of Success from the World's Greatest Professional Firms .
From Consuelo Mack's WealthTrack:
Read More:
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here's an exclusive interview with financial thought leader Charles Ellis about "what it takes" to be the best in the business. Ellis shares 50 years of wisdom learned from advising firms and governments on where to invest, and has applied his 50-plus years of experience in his new book: What it Takes: Seven Secrets of Success from the World's Greatest Professional Firms . From Consuelo Mack's WealthTrack: Read More: About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. From Consuelo Mack's WealthTrack: Read More: About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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Ellis shares 50 years of wisdom learned from advising firms and governments on where to invest, and has applied his 50-plus years of experience in his new book: What it Takes: Seven Secrets of Success from the World's Greatest Professional Firms . From Consuelo Mack's WealthTrack: Read More: About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here's an exclusive interview with financial thought leader Charles Ellis about "what it takes" to be the best in the business. Ellis shares 50 years of wisdom learned from advising firms and governments on where to invest, and has applied his 50-plus years of experience in his new book: What it Takes: Seven Secrets of Success from the World's Greatest Professional Firms . From Consuelo Mack's WealthTrack: Read More: About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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726450.0
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2013-05-03 00:00:00 UTC
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Tablet Market: Can Microsoft Speed Up? - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/tablet-market-can-microsoft-speed-analyst-blog-2013-05-03
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nan
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nan
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A new survey on tablets released by IDC this week shows that the tablets market continues to expand at a healthy rate. Easily exceeding numbers for the entire first half of 2012, tablet shipments for the first quarter of 2013 came in at 49.2 million units for the first quarter of 2013. The demand for devices with smaller screens shows no sign of letting up, which means that prospects for tablets remain bright.
Moving into the list of the top five tablet makers for the first time is Microsoft Corporation ( MSFT ) at fifth place. Sales of its Surface RT and Surface Pro tablets together amounted to a total of around 900,000 units. A large number of these were Surface Pro units which are being sold in the U.S. and Canada since February.
The company has said that it is looking to increase the regional distribution of both the Surface RT and the Surface Pro. Taking into account figures across all vendors, Windows 8 and Windows RT sales together amount to 1.8 million units.
Apple, Inc. ( AAPL ) continues to lead the tablet pack. The iPad maker beat forecasts of 18.7 million units to end up with a significantly higher 19.5 million units. Even so, the company's market share dropped below 40% in the first quarter of 2013. This is also significantly lower than the 58.1% market share it held a year ago.
Meanwhile, in second place, Samsung grew year over year by a whopping 282.6%. Its total worldwide market share has grown to 17.9% from 11.3% in the first quarter of 2012.
At the third spot, in place of last year's occupant Amazon.com Inc. ( AMZN ), we have Asustek Computer Inc. This despite the fact that Amazon has experienced year over year growth of 157% for its Kindle Fire devices. Asustek seems to have surpassed other tech heavyweights like Hewlett-Packard Company ( HPQ ) and Dell Inc. ( DELL ) at the tablet game.
However, setting aside the Surface products, other Windows 8 and Windows RT tablets are continuing to find the going rather tough. A Program Manager at IDC has drawn attention to the fact that rumours about Windows RT and Windows 8 tablets with smaller screens have been doing the rounds for some time now. But this doesn't look like the panacea for Microsoft's tablet worries. The bigger challenges for the company are lower cost competition and consumer messaging.
If Microsoft manages to solve these issues, simultaneously providing devices with smaller screen sizes, it may emerge as a winner in the days to come. This is particularly significant in a market which seems to be favoring two avenues of growth. First up are the 7 to 8 inch devices such as the iPad Mini and the Galaxy Note. Then there are the lower-priced tablets such as the Kindle Fire and the Nexus 7.
Currently, Microsoft's two key offerings, the Surface RT and Pro tablets are unable to fit into any one these two categories. And Microsoft has still made little headway into a market which is slowly outweighing the traditional PC segment. The Surface Pro has sold only 700,000 units in its first quarter, belying the huge publicity it received as support. This is a paltry amount when compared to the iPad's three million in the quarter when it was first launched.
Going by IDC's figures, the first quarter of 2013, two tablets were sold for every three PCs sold. This means that if the tablet market continues to grow at its current rate, tablets will overtake PCs by the end of the year. What Microsoft needs urgently is a device at a significantly lower price point, say $200.
However, with the lion's share of Microsoft's profits still coming from Windows and Office licenses, a cheaper product seems unlikely right now. But if it wants to move up the tablets charts, this could be the only option the software giant has.
APPLE INC (AAPL): Free Stock Analysis Report
AMAZON.COM INC (AMZN): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Asustek seems to have surpassed other tech heavyweights like Hewlett-Packard Company ( HPQ ) and Dell Inc. ( DELL ) at the tablet game. APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. The demand for devices with smaller screens shows no sign of letting up, which means that prospects for tablets remain bright.
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APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Asustek seems to have surpassed other tech heavyweights like Hewlett-Packard Company ( HPQ ) and Dell Inc. ( DELL ) at the tablet game. Sales of its Surface RT and Surface Pro tablets together amounted to a total of around 900,000 units.
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APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Asustek seems to have surpassed other tech heavyweights like Hewlett-Packard Company ( HPQ ) and Dell Inc. ( DELL ) at the tablet game. Sales of its Surface RT and Surface Pro tablets together amounted to a total of around 900,000 units.
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Asustek seems to have surpassed other tech heavyweights like Hewlett-Packard Company ( HPQ ) and Dell Inc. ( DELL ) at the tablet game. APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Sales of its Surface RT and Surface Pro tablets together amounted to a total of around 900,000 units.
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726451.0
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2013-04-26 00:00:00 UTC
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Google's First-Quarter Acquisitions Approach $300 Million
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DELL
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https://www.nasdaq.com/articles/googles-first-quarter-acquisitions-approach-300-million-2013-04-26
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nan
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Google (NASDAQ: GOOG ) spent nearly $300 million on assets and acquisitions in the first quarter of 2013. According to Bloomberg , the total expenditures came to $291 million.
Roughly half of that money went to patents and developed technology; an additional $125 million was used to acquire Channel Intelligence Inc., which created valuable online marketing tools for retailers.
Google is believed to be making these acquisitions in an attempt to diversify beyond the company's core businesses, which include the Google.com search engine.
Previously, Google has spent billions of dollars acquiring firms that bolster the search side of the business, which has led to an increase in ad revenue. For example, Google paid $1.65 billion to acquire YouTube in October 2006.
At the time that may have seemed like a steep price for the company, which was merely a rising star in the growing world of online video. Today, YouTube has become the world's largest online video site.
Last year Google finalized its plans to purchase Motorola Mobility for $13 billion. The acquisition came as a surprise to the tech industry, which did not expect Google to buy an electronics manufacturer.
While Google has said that it does not plan to conduct its own manufacturing, the company may be warming up to the idea now that the Nexus line of devices (which is currently produced by third-party manufacturers) is gaining in popularity.
Google's M&A strategy has been significantly different from the strategies employed by Apple (NASDAQ: AAPL ) and Samsung, which tend to acquire smaller firms with the goal of utilizing a particular technology. Amazon (NASDAQ: AMZN ) seems to be taking a similar route.
In that regard, Google has the most in common with Microsoft (NASDAQ: MSFT ). The Windows maker has not shied away from big acquisitions.
Two years ago Microsoft paid more than $8 billion to acquire Skype. The company has been rumored to acquire Nokia (NYSE: NOK ) for more than two years. In January, Dell (NASDAQ: DELL ) was added to the list of potential acquisitions.
Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In January, Dell (NASDAQ: DELL ) was added to the list of potential acquisitions. Roughly half of that money went to patents and developed technology; an additional $125 million was used to acquire Channel Intelligence Inc., which created valuable online marketing tools for retailers. Google is believed to be making these acquisitions in an attempt to diversify beyond the company's core businesses, which include the Google.com search engine.
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In January, Dell (NASDAQ: DELL ) was added to the list of potential acquisitions. For example, Google paid $1.65 billion to acquire YouTube in October 2006. Click here to start your 14 Day Trial of Benzinga Professional The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In January, Dell (NASDAQ: DELL ) was added to the list of potential acquisitions. Google (NASDAQ: GOOG ) spent nearly $300 million on assets and acquisitions in the first quarter of 2013. Google's M&A strategy has been significantly different from the strategies employed by Apple (NASDAQ: AAPL ) and Samsung, which tend to acquire smaller firms with the goal of utilizing a particular technology.
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In January, Dell (NASDAQ: DELL ) was added to the list of potential acquisitions. Previously, Google has spent billions of dollars acquiring firms that bolster the search side of the business, which has led to an increase in ad revenue. Two years ago Microsoft paid more than $8 billion to acquire Skype.
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726452.0
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2013-04-26 00:00:00 UTC
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Buzz on the Street: Apple Earnings, a Hijacked AP, and the Telltale VIX Make for One Wacky Week
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DELL
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https://www.nasdaq.com/articles/buzz-street-apple-earnings-hijacked-ap-and-telltale-vix-make-one-wacky-week-2013-04-26
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nan
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All day and every day, some of the stock market's best and brightest traders and money managers share their ideas, insights, and analysis in real-time on Minyanville's Buzz & Banter.
Here is a small sampling of this week's activity in the Buzz.
Monday,April 22, 2013
Another Dell Update
Michael Comeau
The situation in Dell ( DELL ) is very tricky following Blackstone's ( BX ) drop out of the bidding war for the company on Thursday, which leaves the Michael Dell-led party, which includes Silver Lake and Carl Icahn as the potential buyers.
But on Friday evening, the Wall Street Journal reported that Carl Icahn was unlikely to follow through on his initial $15/share bid, and might consider a hostile bid if shareholders vote down the Michael Dell/Silver Lake offer.
Right now, Dell is trading at $13.29, or about 2.7% below Michael Dell's offer of $13.65 per share. This is a more-or-less normal spread from an acquisition price.
So at this point, Dell is trading as if a higher bid from Carl Icahn does not exist. The stock previously traded as high as $14.64 on 3/25/13.
But one option to consider here is that no deal at all gets done. What if Icahn officially drops out? What if Silver Lake drops the ugliest three letters in the alphabet? As in MAC. Material Adverse Change.
If Silver Lake dropped out, it would have to pay Dell a chunk of change, but Dell would likely get crushed. It was trading under $11 before the deal talk started and since then it has dramatically lowered its outlook due to collapsing PC sales.
Here are some things to think about: -- I haven't put any money down because I'm not sure which scenario is most likely to happen.
1. If you're playing Dell with the idea that you're going to get $13.65, it may make sense to just get out now. 2.7% probably won't make a big difference to your portfolio, and if a deal does not get done, you'll be in big trouble because the stock would most likely go under $10.
2. If you think the deal gets done at a higher price, consider using options to define your downside risk because they are super cheap. When a deal is on the table, implied volatility collapses because the range of price outcomes is eliminated. As an example, the July $14 calls go for $0.11. Those would be worth $1 if Carl Icahn comes through at $15 before options expiration.
3. In the event the deal falls apart, out of the money puts appear to be a good option. For example, the July $12 puts are going for $0.22. I think Dell sales past $10 in the event there is no deal.
Just keep in mind that cheap options are usually cheap for a reason -- they're not likely to pay off. But if you have a specific view on how Dell's going to play out, they are a good way to play because of the aforementioned cheap implied volatilities.
Bounce Back
Peter Prudden
As I opined on Thursday, the market reached an oversold level into a key area of support and a relief rally should take shape. Short-term indicators are demonstrating bullish divergences. This should facilitate a rally through the early part of this week and maybe the balance of it.
With the heart of earnings hitting the tape this week, we are seeing stocks trade on their own relative merit and less as a market. I have mentioned this previously since turning bearish on the market in early April that we are trading in a micro version to the top put in place during 2011, call it a micro top. The right shoulder we are attempting to build from a technical perspective, is forming here now. The issue is that it is widely known and becoming less popular. Shorts need to be patient here and let things develop; be a trader on the short side.
As of yet we don't have a defined break, that will come with a break of 1540 on the cash. Good luck.
Bear Paths
Brandon Perry
Happy Monday! I spent this weekend doing my spring cleaning and finishing up projects that had been lingering. It was good and therapeutic. After a pretty emotional week watching the Boston and West, TX (not too far from here) tragedies, I needed a little less "screen" time. I do some of my best thinking while the screens are off. I keep wondering how high the rebound from S&P (INDEXSP:.INX) 1540 will go. There are a myriad of possibilities, but I charted the best two possible paths here. (at least in my view).
Option 1) We just hit the retest of the old trendline and now we can spend several days in the 1560-1540 range as we work off the rest of the "oversold" before making a decisive break of 1540. My only concern would be how fast this seems to conclude the pattern.
Option 2) We go tag the 1540 area and bounce one more time, giving the bulls one last gasp of pride before hitting the 1576-1580 area only to fail the final time. This story seems complicated to me. But the time frame works a little better.
I prefer option 1, but last time I checked Mr. Market never asked for my opinion or for my input. Keep in mind the bull case is not dead yet either.
BP
Click to enlarge
Tuesday,April 23, 2013
Credit Check
Fil Zucchi
In the macro credit world there's nothing short of panic buying today; EU bonds/CDS spreads are collapsing; our large financial CDS are down hard; 2-year swaps shooting for the 12 bps handle; the only stubborn yellow flag is the 2-10 curve now at 143bps - if form holds the divergence between the SPX and the 2-10 can't last too much longer; either rates spike or the SPX has to come in hard.
Man Oh Manischewitz!
Todd Harrison
There must be something funky in the air, as I was down the hall at an MVP Products meeting -- one that should have finished at 1 p.m. ET but ran a wee bit over -- when Michael Sedacca poked his head in and said, "Todd, you need to see this... something about an explosion at The White House, the market is crashing."
Talk about an attention-grabber.... I literally hopped on one crutch back to my turret to find the markets trading as if the mini-flash crash never happened. I immediately pinged a few trading pals to ask, "Did anything trade down there?" (I was told yes) and I, like you, am left to decipher the remnants of what's now being called a AP Twitter feed hack.
We often talk about how Twitter is to media what HFT is to trading and perhaps today's events best illustrate that Ready--Fire--AIM mindset in the modern-day digital trading realm, one where hair-finger reactions (by humans and/or machines) can feed on themselves before information is qualified.
We used to talk about credit of a different breed -- that of credibility -- being the issue at hand for markets at large, but (being honest) we were referring to truth and trust at the human level, not the integrity of the systems that hold our financial world together.
Only time will tell if today's downside oops brings back memories of the 1000-point plunge but one thing for certain: we live in (lightening quick) interesting times.
R.P.
Overnight Volatility
Marc Eckelberry
Even with horrid PMI data out of China and Germany, equity futures climb to new weekly highs pre-open NQ (NDX futures) is particularly strong, moving back up to 2815.75 resistance. Equity put/call data yesterday had a one day rate of change of -22% suggesting many bulls jumped on, which normally leads to a negative session the next day. Either bulls are being set up for trap in front of Apple ( AAPL ) earnings, or that stock has bottomed. If that is the case, upside risk moves to NQ 2840 this week.
One of the reasons for the overnight reversal is ZN (ten year note futures) hitting a new year highs at 133'155, exacerbating the "nowhere else to go" syndrome. Support is at 133'030 in front of US PMI data and new home sales. Resistance is 133'145.
Wednesday,April24, 2013
Durable Goods Perspective
Michael Sedacca
The report was very stinky, top to bottom, and more importantly the large downward revision in February wasn't any better. But there's one thing to keep in mind,:all regional and national manufacturing surveys we've received to date for March and this year have been equally weak, so I think at least the market had priced in/factored in a miss to the downside for the more crucial ex-transports number. Regardless, the magnitude was more than expected, so we'll see how the market digests this.
For example:
- March manufacturing ISM down to 51.3 from 54.2
- Markit US PMI Final down to 54.6 from 54.9
- Chicago PMI down to 52.4 from 56.8
- Philly Fed up to 2 from -12.5
- NY manufacturing down to 9.24 from 10.04
- Richmond Fed down to 3 from 6
- Dallas Fed up to 7.4 from 2.2
- Kansas City Fed up from -10 to -5
Gilead Follow-Up
Jeffrey Cooper
Gilead ( GILD ) is carving out a -1/+2 sell signal on a 50% retrace on today's 10-minute chart.
Economic Data Says Bonds Are Right
Michael Gayed
Disappointing durable-goods orders continue to indicate that the bond market has it much more right than the US stock market, with yields staying around the year's lows. Emerging markets still look like the next fat pitch, and our ATAC models used for managing our mutual fund and separate accounts could put us aggressively in them some time in the next two weeks with enough confirmation.
Bonds, commodities, and emerging markets have priced in considerably more of the deflation pulse than US stocks. If this deflation pulse actually causes MORE stimulus from central banks, then reflation expectations would return and potentially cause a meaningful move in cyclical plays. We are not there just yet.
Remember that my Spring Sync call is about the convergence of absolute price to the message of market internals. If market internals resolve themselves, then the potential for a large move does exist in market averages outside our border. This could coincide with continued weakness in domestic small-caps as large-caps hold, while money favors reflation trades.
Thursday,April25, 2013
Things Change
Jeffrey Cooper
According to CNBC yesterday, Goldman's commodity research team said the decline in gold (NYSEARCA:GLD) was "more rapid than it expected" and it exited the trade with a potential gain of 10.4% below its original target price of $1450.
How do they calculate these 'targets'? Fundamentally?
If there is no fundamental 'value' to gold and there are obviously no earnings, how do they calculate a level?
The big question is how much, if any, gold did Goldman buy on the decline. Did they reverse their position?
Despite Goldman's previous long-term forecast that gold would close out 2013 at $1450 per ounce, with a further decline in 2014 to a predicted close at $1270, apparently forecasts fall by the wayside and things change and a nugget in the hand is worth two in the ground.
Gold recently waterfalled to a low of 1321.
It's not remarkable that their forecast took a back seat to being opportunistic. What is remarkable is that their forecasts focused on the CLOSING price for 2013 and 2014. Really?
With the Squid no longer on the short side spraying red ink on the yellow metal, this is another tentacle pointing to the notion that the recent ambush was a selling climax.
From where I sit, it looks like 'rumors' that European countries might sell gold to raise cash were used to orchestrate a massacre.
Note the late ramp in Agnico Eagle Mines ( AEM ) and Silver Wheaton (SLW) yesterday on the heels of the report that Goldman had abandoned its short.
Shorts Commit Funds to New Positions
Phil Erlanger
Short interest numbers for the NYSE are reported for the period of settlement date April 15. Short interest numbers have increased to 13,356,582,372 shares from 13,226,713,306 shares (revised) for an increase of 129,869,066 shares or 0.98% with 1,777 advancers and 1,710 decliners and seen more advancers than decliners in 43 of the last 84 initial reporting periods. NYSE and NASDAQ had risen the last five of six reporting periods now.
During this period on a trade date basis (3/25 to 4/10), the S&P rose by 2.32%. The conclusion is shorts added to positions. The next short interest collection covers from 4/10 through 4/25 which is today, the S&P 500 has fallen -0.56%.
Short interest numbers for NASDAQ are reported for the period of settlement date April 15. Short interest numbers have increased to 7,639,312,459 shares from 7,533,460,129 shares for an increase of 105,852,330 shares or 1.40%. There were 1,397 increases and 1,077 decreases. In the last 84 reporting periods, NASDAQ has seen more advancers than decliners in 45 of the 84 last reporting periods.
Dedicated short sellers lost -1.67% in March (YTD -7.36%), as reported by www.hedgeindex.com and 2012 -15.99% while the index made 7.32% in 2011. For 2010 this index was down -17.79%. For 2009 this style lost -14.62%. In 2008, short sellers lost -1.52%. In 2007 short sellers made 4.14%.
Currently, 9 out of 146 groups have short intensity above 55%. In the last reporting period, the number of groups with high short intensity was 9. In July 2007, there were 113 groups with high short intensity and this is the recent multi-year group high.
Apple Support & Resitance: A View From Above
Andrew Nyquist
It is amazing that a stock down nearly 40 percent from its highs garnered as much attention as Apple did with its Q2 earnings report. But, then again, here I am writing about AAPL, so that jokes on me. I do not have a current position in the stock but thought it would be of interest to publish charts looking at AAPL support and resistance levels from above.
I'll let the charts speak for themselves, but note that the earnings report has come and gone and price volatility is beginning to settle down. Ideally, I was "hoping" for another washout lower that would set up for a nice leg higher. But beggars cannot be choosers. Now with the eyeballs fading, we are left to watch the levels closely, as the stock will either start a rally leg without much fanfare or grind lower into supports, taking out recent trading positions and sucking the last bit of hope out of "longs."
Click to enlarge
Click to enlarge
Friday, April 26, 2013
Do You Know Something Bud?
Michael Comeau
Interesting how the VIX (INDEXCBOE:VIX) was falling and the SPX was rising nicely ahead of the Michigan Sentiment Survey release.
Shenanigans?
Click to enlarge
Bond Market Says GDP Stinks
Michael Gayed
As of this Buzz, stocks are having a "muted" reaction to weaker than expected GDP data. Yet, bonds disagree with yield- curve flattening continuing. We are still at a juncture where anything can happen given that the cyclical trade is oversold and defensive/deflation trade is overbought, but economic data points continue to further the deflation pulse argument.
Emerging markets can be the outlier in May, but for now the environment simply is not convincing. With continued deflationary pressure in Japan, the world may be starting to wonder if we have reached the limits of forced reflationary efforts. From a trading perspective, momentum remains in play in the yield rotation. After all, overbought can stay overbought for a while.
De Nile
Todd Harrison
Amazon (AMZN) reported last night and after an initial pop higher, it came for sale in a big way. The online retailing giant is currently down $17 (7%) and approaching an important technical level.
See the chart below; $250-ish isn't only a level that's held for many moons, it's the 200-day moving average ($251-ish). Yes, technical analysis is a better context than catalyst but it warrants a mention as we together find our way.
R.P.
Click to enlarge
Twitter: @Minyanville
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Monday,April 22, 2013 Another Dell Update Michael Comeau The situation in Dell ( DELL ) is very tricky following Blackstone's ( BX ) drop out of the bidding war for the company on Thursday, which leaves the Michael Dell-led party, which includes Silver Lake and Carl Icahn as the potential buyers. But on Friday evening, the Wall Street Journal reported that Carl Icahn was unlikely to follow through on his initial $15/share bid, and might consider a hostile bid if shareholders vote down the Michael Dell/Silver Lake offer. Right now, Dell is trading at $13.29, or about 2.7% below Michael Dell's offer of $13.65 per share.
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Monday,April 22, 2013 Another Dell Update Michael Comeau The situation in Dell ( DELL ) is very tricky following Blackstone's ( BX ) drop out of the bidding war for the company on Thursday, which leaves the Michael Dell-led party, which includes Silver Lake and Carl Icahn as the potential buyers. But on Friday evening, the Wall Street Journal reported that Carl Icahn was unlikely to follow through on his initial $15/share bid, and might consider a hostile bid if shareholders vote down the Michael Dell/Silver Lake offer. Right now, Dell is trading at $13.29, or about 2.7% below Michael Dell's offer of $13.65 per share.
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Monday,April 22, 2013 Another Dell Update Michael Comeau The situation in Dell ( DELL ) is very tricky following Blackstone's ( BX ) drop out of the bidding war for the company on Thursday, which leaves the Michael Dell-led party, which includes Silver Lake and Carl Icahn as the potential buyers. But on Friday evening, the Wall Street Journal reported that Carl Icahn was unlikely to follow through on his initial $15/share bid, and might consider a hostile bid if shareholders vote down the Michael Dell/Silver Lake offer. Right now, Dell is trading at $13.29, or about 2.7% below Michael Dell's offer of $13.65 per share.
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But if you have a specific view on how Dell's going to play out, they are a good way to play because of the aforementioned cheap implied volatilities. Monday,April 22, 2013 Another Dell Update Michael Comeau The situation in Dell ( DELL ) is very tricky following Blackstone's ( BX ) drop out of the bidding war for the company on Thursday, which leaves the Michael Dell-led party, which includes Silver Lake and Carl Icahn as the potential buyers. But on Friday evening, the Wall Street Journal reported that Carl Icahn was unlikely to follow through on his initial $15/share bid, and might consider a hostile bid if shareholders vote down the Michael Dell/Silver Lake offer.
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2013-04-23 00:00:00 UTC
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Trading Apple: Betting Against Long-Term Potential Would Be a Mistake
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DELL
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https://www.nasdaq.com/articles/trading-apple-betting-against-long-term-potential-would-be-mistake-2013-04-23
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nan
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nan
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Apple ( AAPL ) is scheduled to discuss its second fiscal quarter earnings report at 5:00 p.m. EDT today, and this report is expected to be rather grim. To say that Apple's stock has tumbled in the weeks and months leading up to this report would be an understatement; the stock is currently trading between the very low $400s and high $300s, having broken through the proverbial Maginot Line at $400 last week. This means that the current valuation of the stock is trading at an aggregate price/earning ratio of 9X, which is shockingly low for any company. The precipitous drop in price is attributable to a stale product selection and no clearly articulated vision for the future, issues that have plagued Apple since the loss of former CEO Steve Jobs.
(See also: Are the Glory Days Behind Apple? )
The death of Steve Jobs signified more than simply the loss of a figurehead. It is becoming increasingly clear that his legendary micromanagement of product design and development was more valuable to the company than anyone knew. Apple hasn't released a new product since fall of last year, in sharp contrast to the fast and furious product development that was the hallmark of Jobs' time at the helm. This blackout is soon coming to an end, however, as the company has announced the impending release of the iPhone 5s and the next iPad Mini. Even if these two revamped products don't provide the type of excitement that would result from the announcement of a brand new gadget, they will certainly be better for the company than nothing at all. The concern that Apple is unwilling to take on a decreased profit margin in the name of growth-oriented strategy has been a longstanding barrier to the long-term outlook. That may be alleviated, however, as there are whisperings that a cheaper iPhone is currently in development.
Though the next few quarters are expected to show steadily decreasing earnings, this will also be the period when the post-Jobs management is tested. The current value of the stock shows a complete lack of faith in the current leadership at Apple, though this may very well work out in the company's favor. The primary reason that Apple's price collapse was so dramatic was the fact that Wall Street saw Apple as infallible. Lower expectations in the future will allow the company to -- in the event of a turnaround -- exceed those expectations, which is something that Apple has been hard-pressed to do for many years. It also seems unlikely that the management and development team, many who were mentees of Jobs, have completely scrapped the idea of a smart watch or another truly innovative development that could revive the company.
(See also: Apple's Implied Volatility: Long and Wrong? )
Apple is likely not the next Dell ( DELL ) or Nokia ( NOK ). However, Apple is currently trading at a lower technical valuation than Dell. The quality of the existing products is proven, and even reboots of these products will likely generate higher earnings than we are currently seeing. The innovation that had been Apple's bread and butter since the beginning has seemingly all but vanished now, but that does not mean that it is gone forever. The company lost a visionary, but enough of his protégées remain that to bet against the creativity of the company in the long run seems ill-advised.
AAPL Trade: Selling the Jan 360-340 put spread for $7.60
Risk: $1240 per 1 lot
Reward: $760 per 1 lot
Breakeven: $352.40
Greeks of This Trade:
Delta: Long
Gamma: short
Theta: Long
Vega: Short
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple is likely not the next Dell ( DELL ) or Nokia ( NOK ). However, Apple is currently trading at a lower technical valuation than Dell. The precipitous drop in price is attributable to a stale product selection and no clearly articulated vision for the future, issues that have plagued Apple since the loss of former CEO Steve Jobs.
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However, Apple is currently trading at a lower technical valuation than Dell. Apple is likely not the next Dell ( DELL ) or Nokia ( NOK ). AAPL Trade: Selling the Jan 360-340 put spread for $7.60 Risk: $1240 per 1 lot Reward: $760 per 1 lot Breakeven: $352.40 Greeks of This Trade: Delta: Long Gamma: short Theta: Long Vega: Short The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple is likely not the next Dell ( DELL ) or Nokia ( NOK ). However, Apple is currently trading at a lower technical valuation than Dell. Apple hasn't released a new product since fall of last year, in sharp contrast to the fast and furious product development that was the hallmark of Jobs' time at the helm.
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However, Apple is currently trading at a lower technical valuation than Dell. Apple is likely not the next Dell ( DELL ) or Nokia ( NOK ). This means that the current valuation of the stock is trading at an aggregate price/earning ratio of 9X, which is shockingly low for any company.
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534ec918-f39a-4c87-bc6b-eb10f8459f76
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726454.0
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2013-04-22 00:00:00 UTC
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Intel Promotes Hefty, 27-inch Tablet Concept
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DELL
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https://www.nasdaq.com/articles/intel-promotes-hefty-27-inch-tablet-concept-2013-04-22
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nan
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nan
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If Sony's (NYSE: SNE ) oversized all-in-one PC/tablet combo was not big enough for consumers, Intel (NASDAQ: INTC ) might have the perfect replacement. According to DigiTimes , Intel has begun to push its so-called adaptive all-in-one PC concept -- which provides a platform to build semi-portable desktop computers -- to manufacturers.
Sony was one of the first companies to experiment with this concept. The Japanese tech giant released a 20-inch, 11-pound Vaio machine last fall. Featuring Windows 8, a touch screen and a built-in battery, this all-in-one PC could be used with or without a power outlet.
When Intel announced the new platform last fall, the company seemed to be focused on building machines with displays that measured at least 20 inches diagonally. According to the DigiTimes report, Intel has "suggested" to manufacturers that they build machines between 18.4 and 27 inches.
The smallest size might seem ideal for business professionals who want a little more power (and a larger screen) than what is currently offered by an Apple (NASDAQ: AAPL ) iPad or an Amazon (NASDAQ: AMZN ) Kindle Fire. The largest size, however, is big enough to replace a small high-def television.
Given the added weight and expanded screen size, consumers might be wary about the portability of these devices.
Panasonic (NYSE: PC ) made some progress earlier this year when it unveiled the world's first 4K tablet . The device, which was built to be a full Windows 8 Pro PC, comes with an 18-inch Ultra HD display. At 5.3 pounds, it is half as heavy as Sony's all-in-one desktop.
In addition to Sony and Panasonic, Lenovo and Dell (NASDAQ: DELL ) are also in the process of building new oversized tablets .
This is not the first new PC concept that Intel has decided to support. Two years ago the company said that it would spend $300 million to create a MacBook Air competitor . This led to the design of the Ultrabook concept, which provides manufacturers with smaller, lighter and more efficient processors, allowing them to build thinner and lighter notebooks.
Thus far, Ultrabooks have not become the sales-igniting, record-breaking format Intel had anticipated. However, they are still expected to account for 40 percent of all notebook shipments in 2013.
Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition to Sony and Panasonic, Lenovo and Dell (NASDAQ: DELL ) are also in the process of building new oversized tablets . If Sony's (NYSE: SNE ) oversized all-in-one PC/tablet combo was not big enough for consumers, Intel (NASDAQ: INTC ) might have the perfect replacement. According to DigiTimes , Intel has begun to push its so-called adaptive all-in-one PC concept -- which provides a platform to build semi-portable desktop computers -- to manufacturers.
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In addition to Sony and Panasonic, Lenovo and Dell (NASDAQ: DELL ) are also in the process of building new oversized tablets . If Sony's (NYSE: SNE ) oversized all-in-one PC/tablet combo was not big enough for consumers, Intel (NASDAQ: INTC ) might have the perfect replacement. Click here to start your 14 Day Trial of Benzinga Professional The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition to Sony and Panasonic, Lenovo and Dell (NASDAQ: DELL ) are also in the process of building new oversized tablets . If Sony's (NYSE: SNE ) oversized all-in-one PC/tablet combo was not big enough for consumers, Intel (NASDAQ: INTC ) might have the perfect replacement. According to DigiTimes , Intel has begun to push its so-called adaptive all-in-one PC concept -- which provides a platform to build semi-portable desktop computers -- to manufacturers.
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In addition to Sony and Panasonic, Lenovo and Dell (NASDAQ: DELL ) are also in the process of building new oversized tablets . According to DigiTimes , Intel has begun to push its so-called adaptive all-in-one PC concept -- which provides a platform to build semi-portable desktop computers -- to manufacturers. Sony was one of the first companies to experiment with this concept.
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d5e12bf2-e855-41df-b39c-8b1ac1bf4156
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726455.0
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2013-04-22 00:00:00 UTC
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Dell's Guru Shareholders Farther from Getting Estimated Fair Price as Blackstone Drops LBO Bid
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DELL
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https://www.nasdaq.com/articles/dells-guru-shareholders-farther-getting-estimated-fair-price-blackstone-drops-lbo-bid-2013
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nan
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nan
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Guru Dell shareholders' chances of getting a price higher than the original $13.65 per share pitched by CEO Michael Dell and private equity firm Silver Lake Partners in February dwindled on Friday when a second bidder, Blackstone Group ( BX ), withdrew an offer of $14.25 per share for the company.
Major shareholders value the company quite differently. "I don't think a leveraged buyout would get much support at $15 per share," Richard Pzena , CEO of Pzena Investment Management speculated in Barrons back in January. He estimated Dell shares are worth as high as $25 per share, and said he would consider supporting an LBO at $20 per share, calling anything lower "insiders trying to steal the company."
Carl Icahn saw far greater value in the company than Michael Dell 's asking price as well. He offered to buy 58% of outstanding shares for $15 each. And Mason Hawkins' Southeastern Asset Management believes a more accurate value is around $24 per share, according to a letter from March.
Their more positive analyses of the company compelled them to buy at higher prices, and only a higher price would help them break even on their holdings. Mason Hawkins, who owns 8.39% of Dell's outstanding shares, purchased the majority of the position before the second quarter of 2008, when the price ranged from around $20 to over $40 after 2000.
Far from seeing a buyout in Dell's future, Hawkins saw it fixing its declining PC-sales woes by transitioning to other businesses, in the style of IBM ( IBM ), engendering vast sizable growth prospects. "Of everything they own, they measure on intrinsic value of the business, and on that front Dell ( DELL ) has blown away all expectations," he said on a management call in May 2012. "They are organically growing in the 20s; bears are focusing on the metric they want to, that revenue growth is low. Southeastern does not care about that. Most relevant is that they are growing profits. They are not worried about it at this point. Dell has evolved from a PC business to becoming the IBM for small and medium-sized businesses, domestically and globally. It sells for cheaper multiples than IBM and I believe it will outgrow IBM in the next decade.
Similarly, Richard Pzena, holder of a 0.73% stake in the company, would only break even or receive a marginal profit at the proposed LBO price. He paid $12.14 per share on average for the shares he began purchasing in the latter half of 2008, when Dell's price plunged to as low as around $11, from a high of over $25 earlier in the year.
Pzena also sees the company's prospects as bright. "The price of the deal is unreasonable. Based on Dell's own internal projections the price of the deal should be in the $20s," he told CNBC in February. "It's hard to understand what they can do as a private company that they can't do as a public company."
But while often value-oriented managers such as Pzena and Hawkins see a temporary lag in an otherwise strong company's operations as a discount buying opportunity, others may see it as a failing company. When Blackstone dropped its bid for the company, it cited as reasons "an unprecedented 14 percent market decline in PC volume in the first quarter of 2013, its steepest drop in history," noting that it was "inconsistent with management's projections for modest industry growth."
The first quarter result marked a steeper change than the weakness reported in recent years. In its fiscal 2013 results, Dell reported an 8% overall decline in revenue, due largely to "increased competition from alternative mobile devices," it said in its 10-K, as it "is currently undergoing a strategic transformation to an end-to-end technology solutions provider." Product revenue declined 10%, while services revenue including software, which it was counting on to offset PC sales declines, failed to grow at all from the previous year. From fiscal 2012 to fiscal 2011, product revenue was unchanged, while services revenue grew 6%. Revenue at its services segment increased 1%, which when broken down reflected its slow transition.
"Although we experienced declines in unit sales from our client products during Fiscal 2013, we are enhancing our focus on value-added attached services. The increase in revenue from support and deployment services was largely offset by an 11% decrease in applications and business process services, which was driven by select contract expirations, as we continue to migrate to contracts that provide higher-value opportunities," the company said in its 10-K.
Dell's small and medium business segment services revenue which Mason Hawkins pointed to, however, saw a 22% year-over-year increase in revenue in fiscal year 2013.
Going back further, Dell's third quarter of fiscal 2013 revenue declined 8% year over year, as services revenue declined 1%.
David Einhorn exited his Dell position when he did not see growth in the non-PC business materializing enough to offset declining PC sales, he said his shareholder letter in July 2012.
With the company turning down Carl Icahn's $15-per-share offer for a controlling stake in the company, the prospects for large Dell shareholders to receiving the price they think they deserve have dimmed. Dell on April 16 formed an agreement with Icahn preventing him from purchasing more than a 10% stake in the company, or to partner with any shareholders which together would cause them to own more than 15% of outstanding shares. Icahn currently has a 6% stake in the company.
Donald Yacktman, who owns 14.9 million Dell shares, is still optimistic a deal better than Michael Dell and Silverlake's could emerge. "It's still fluid," he told the Wall Street Journal on April 19.
The market appeared less hopeful, as Dell shares dropped below the bid price on April 19, the day Blackstone pulled out, for the first time since the second week of February. Shares have remained there, closing at $13.24 on Monday, down 1.19%. They are up 30.57% year to date after jumping on news of a possible leveraged buyout.
To see more Guru trades of Dell, visit its Guru Trades Page here.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In its fiscal 2013 results, Dell reported an 8% overall decline in revenue, due largely to "increased competition from alternative mobile devices," it said in its 10-K, as it "is currently undergoing a strategic transformation to an end-to-end technology solutions provider." David Einhorn exited his Dell position when he did not see growth in the non-PC business materializing enough to offset declining PC sales, he said his shareholder letter in July 2012. The market appeared less hopeful, as Dell shares dropped below the bid price on April 19, the day Blackstone pulled out, for the first time since the second week of February.
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The increase in revenue from support and deployment services was largely offset by an 11% decrease in applications and business process services, which was driven by select contract expirations, as we continue to migrate to contracts that provide higher-value opportunities," the company said in its 10-K. Dell's small and medium business segment services revenue which Mason Hawkins pointed to, however, saw a 22% year-over-year increase in revenue in fiscal year 2013. Going back further, Dell's third quarter of fiscal 2013 revenue declined 8% year over year, as services revenue declined 1%. Guru Dell shareholders' chances of getting a price higher than the original $13.65 per share pitched by CEO Michael Dell and private equity firm Silver Lake Partners in February dwindled on Friday when a second bidder, Blackstone Group ( BX ), withdrew an offer of $14.25 per share for the company.
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Guru Dell shareholders' chances of getting a price higher than the original $13.65 per share pitched by CEO Michael Dell and private equity firm Silver Lake Partners in February dwindled on Friday when a second bidder, Blackstone Group ( BX ), withdrew an offer of $14.25 per share for the company. The increase in revenue from support and deployment services was largely offset by an 11% decrease in applications and business process services, which was driven by select contract expirations, as we continue to migrate to contracts that provide higher-value opportunities," the company said in its 10-K. Dell's small and medium business segment services revenue which Mason Hawkins pointed to, however, saw a 22% year-over-year increase in revenue in fiscal year 2013. Going back further, Dell's third quarter of fiscal 2013 revenue declined 8% year over year, as services revenue declined 1%.
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He estimated Dell shares are worth as high as $25 per share, and said he would consider supporting an LBO at $20 per share, calling anything lower "insiders trying to steal the company." Going back further, Dell's third quarter of fiscal 2013 revenue declined 8% year over year, as services revenue declined 1%. Guru Dell shareholders' chances of getting a price higher than the original $13.65 per share pitched by CEO Michael Dell and private equity firm Silver Lake Partners in February dwindled on Friday when a second bidder, Blackstone Group ( BX ), withdrew an offer of $14.25 per share for the company.
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bd4ad777-dcc4-41bf-916b-0fcfd68c703c
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726456.0
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2013-04-19 00:00:00 UTC
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Pre-Market Most Active for Apr 19, 2013 : DELL, GE, VOD, QQQ, TOT, MSFT, BAC, VRTX, SAP, NOK, BIOS, DEO
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-apr-19-2013-dell-ge-vod-qqq-tot-msft-bac-vrtx-sap-nok-bios-deo-2013
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 16.35 to 2,758.3. The total Pre-Market volume is currently 12,552,022 shares traded.
The following are the most active stocks for the pre-market session :
Dell Inc. ( DELL ) is -0.4 at $13.55, with 5,237,142 shares traded. DELL's current last sale is 99.27% of the target price of $13.65.
General Electric Company ( GE ) is -0.57 at $22.10, with 3,886,909 shares traded. RTT News Reports: General Electric Q1 13 Earnings Conference Call At 8:30 AM ET
Vodafone Group Plc ( VOD ) is +0.25 at $29.75, with 2,375,600 shares traded. VOD's current last sale is 92.39% of the target price of $32.2.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.361 at $67.53, with 1,563,073 shares traded. This represents a 12.48% increase from its 52 Week Low.
TotalFinaElf, S.A. ( TOT ) is +0.43 at $46.62, with 989,708 shares traded.TOT is scheduled to provide an earnings report on 4/26/2013, for the fiscal quarter ending Mar2013. The consensus earnings per share forecast is 1.81 per share, which represents a 179 percent increase over the EPS one Year Ago
Microsoft Corporation ( MSFT ) is +0.95 at $29.74, with 953,051 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $0.85. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
Bank of America Corporation ( BAC ) is +0.02 at $11.46, with 790,476 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.24. BAC's current last sale is 88.15% of the target price of $13.
Vertex Pharmaceuticals Incorporated ( VRTX ) is +32.44 at $85.31, with 665,203 shares traded. As reported by Zacks, the current mean recommendation for VRTX is in the "buy range".
SAP AG ( SAP ) is -3.06 at $75.15, with 555,300 shares traded. RTT News Reports: SAP Backs Full Year View After Q1 Profit Rises
Nokia Corporation ( NOK ) is -0.06 at $3.11, with 466,382 shares traded. As reported in the last short interest update the days to cover for NOK is 7.035577; this calculation is based on the average trading volume of the stock.
BioScrip, Inc. ( BIOS ) is -0.08 at $12.33, with 420,268 shares traded. As reported in the last short interest update the days to cover for BIOS is 8.461019; this calculation is based on the average trading volume of the stock.
Diageo plc ( DEO ) is +0.5145 at $121.04, with 327,188 shares traded. As reported by Zacks, the current mean recommendation for DEO is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is -0.4 at $13.55, with 5,237,142 shares traded. DELL's current last sale is 99.27% of the target price of $13.65. RTT News Reports: General Electric Q1 13 Earnings Conference Call At 8:30 AM ET Vodafone Group Plc ( VOD ) is +0.25 at $29.75, with 2,375,600 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is -0.4 at $13.55, with 5,237,142 shares traded. DELL's current last sale is 99.27% of the target price of $13.65. The consensus earnings per share forecast is 1.81 per share, which represents a 179 percent increase over the EPS one Year Ago Microsoft Corporation ( MSFT ) is +0.95 at $29.74, with 953,051 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is -0.4 at $13.55, with 5,237,142 shares traded. DELL's current last sale is 99.27% of the target price of $13.65. RTT News Reports: General Electric Q1 13 Earnings Conference Call At 8:30 AM ET Vodafone Group Plc ( VOD ) is +0.25 at $29.75, with 2,375,600 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is -0.4 at $13.55, with 5,237,142 shares traded. DELL's current last sale is 99.27% of the target price of $13.65. RTT News Reports: General Electric Q1 13 Earnings Conference Call At 8:30 AM ET Vodafone Group Plc ( VOD ) is +0.25 at $29.75, with 2,375,600 shares traded.
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8f60a188-849b-4f9f-929e-75a946b5cbf7
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726457.0
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2013-04-19 00:00:00 UTC
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Looking for Growth Amid the Would-Be PC Value Trap
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DELL
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https://www.nasdaq.com/articles/looking-growth-amid-would-be-pc-value-trap-2013-04-19
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nan
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nan
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By Chris Versace
Last week, I spoke at the Wall Street Perspectives Lecture Series 2013 at the New Jersey City University Graduate Business Program. The crowd was great, as were the questions, some of which were asked by the student investment team that won the University of Dayton's 13th annual investing competition. All told, it was a fun night and my thanks go to Dr. Bernard McSherry, a long-time governor with the New York Stock Exchange, for inviting me.
While I spoke to the students and Wall Street veterans that attended the lecture about PowerTrend investing and some of my Great Eight PowerTrends, I want to share with you some of the questions asked by the audience. In particular, there was one question that not only summed up the essence of one of my PowerTrends that we increasingly see in our lives each and every day, but the query also allowed me to share how I go about avoiding potential pitfalls and large losses when investing.
The question I'm referring to was whether or not I thought Microsoft (MSFT) shares were a "buy."
Well, I said to the audience, at this point we already know the company's new Windows 8 is not selling well. We also know that despite Microsoft's strong position in the desktop PC market, its position in smartphones and tablets is far less strong. That situation concerns me because of the shift from PCs to tablets powered by Apple's (AAPL) iOS operating system (OS) and Google's (GOOG) Android OS. Not only is Microsoft seeing demand for its core product fall, but its position in the product taking its place is particularly weak. It is not a good combination.
Topping it off, that afternoon we learned that PC demand is falling far faster than previously thought. More specifically, first quarter PC shipments fell 13.9% and shipments for desktop systems have been nearly cut in half during the last 10 years. In other words, the PC is not a growth market anymore and longer term it is probably going the way of the tape deck and the VCR.
But as I pointed out to the audience, this situation was hardly a surprise. For starters, consider the 247-page brief that Dell (DELL) filed recently with the Securities and Exchange Commission that painted a very dire picture of a PC-centric company that missed not only Wall Street expectations but its own internal revenue projections during the last several quarters. Also hitting Dell, as well as Hewlett-Packard (HPQ), are the new Google Chromebooks from Samsung, Acer and others. Since these devices have price points between $200 and $350, modest adoption and market-share gains from tablets could put even more pressure on Dell's PC business. Keep in mind that most PCs sell for $500 to $1,500, while the initial out-of-pocket expense for a smartphone runs as low as $99. Tablets sell for $200 to $300. To me, that pricing indicates that PC manufacturers, as well as Microsoft, are on the wrong side of this equation.
To be fair to Microsoft, it does have some great assets among its product portfolio -- Skype, X-Box, Office and some others -- but they don't sufficiently offset the risk with the continued decline in the PC market. If Microsoft had a better position in the smartphone and tablet markets, my view might be different. But with low-cost manufacturing companies like Huawei and ZTE gaining share with Google Android-powered products, it doesn't look good for Microsoft.
My conclusion, as I told the assembled, was that I saw little reason to own Microsoft shares because it was not riding the Always On, Always Connected PowerTrend wave. The company had failed to evolve its business amid changing consumer and business preferences. One quick hand went up and said "but aren't the shares cheap?" Cheap they may be, I replied, but if the earnings part of the price-to-earnings multiple is falling, the shares will get far more expensive or the share price will collapse -- neither of which is good when you are assessing whether or not to buy a stock. It is better to look for a company that is capitalizing on the smartphone and tablet share gains, as well as the other markets that mobile carriers are targeting to grow their data revenue streams. More analysis on that opportunity can be found in the May issue of my investment newsletter PowerTrend Profits.
Other questions from the audience included:
What do I read to collect all the data points I used? There are too many sources to name here, but the answer is that I use anything and everything I can get my hands on.
What did I learn from a recommendation that went bad? Don't become emotional and think you can will the position to go higher -- it is better to be disciplined, cut your losses and move on.
Do I prefer Apple, Nokia (NOK) or Blackberry (BBRY) shares? Given the increasingly competitive landscape of the smartphone market, none of them excite me.
Do you talk with companies? Not only do I do my homework on the companies I recommend, I also read up on their competitors and customers to make sure I understand what is really going on. That research means talking with investor relations people, as well as the management teams. Another big help is PowerTalk, my weekly conversation with CEOs of public and private companies, as well as other thought leaders. I recently spoke with Manish Chandra, the CEO of Poshmark, and that conversation hammered home the new frugality or, as I call it, Cash Strapped Consumer nature of the American female. Because of that PowerTalk, the dismal March retail sales figures were not a shock to me at all. If you're not listening to the conversations I'm having in this free service, you should be!
To read my e-letter from last week's Eagle Daily Investor, please click here. I also invite you to comment about my column in the space provided below myEagle Daily Investorcommentary.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For starters, consider the 247-page brief that Dell (DELL) filed recently with the Securities and Exchange Commission that painted a very dire picture of a PC-centric company that missed not only Wall Street expectations but its own internal revenue projections during the last several quarters. Also hitting Dell, as well as Hewlett-Packard (HPQ), are the new Google Chromebooks from Samsung, Acer and others. Since these devices have price points between $200 and $350, modest adoption and market-share gains from tablets could put even more pressure on Dell's PC business.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. For starters, consider the 247-page brief that Dell (DELL) filed recently with the Securities and Exchange Commission that painted a very dire picture of a PC-centric company that missed not only Wall Street expectations but its own internal revenue projections during the last several quarters. Also hitting Dell, as well as Hewlett-Packard (HPQ), are the new Google Chromebooks from Samsung, Acer and others.
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For starters, consider the 247-page brief that Dell (DELL) filed recently with the Securities and Exchange Commission that painted a very dire picture of a PC-centric company that missed not only Wall Street expectations but its own internal revenue projections during the last several quarters. Also hitting Dell, as well as Hewlett-Packard (HPQ), are the new Google Chromebooks from Samsung, Acer and others. Since these devices have price points between $200 and $350, modest adoption and market-share gains from tablets could put even more pressure on Dell's PC business.
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For starters, consider the 247-page brief that Dell (DELL) filed recently with the Securities and Exchange Commission that painted a very dire picture of a PC-centric company that missed not only Wall Street expectations but its own internal revenue projections during the last several quarters. Also hitting Dell, as well as Hewlett-Packard (HPQ), are the new Google Chromebooks from Samsung, Acer and others. Since these devices have price points between $200 and $350, modest adoption and market-share gains from tablets could put even more pressure on Dell's PC business.
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2013-04-19 00:00:00 UTC
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Large-Caps Lag as Stocks Close Out Volatile Week
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DELL
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https://www.nasdaq.com/articles/large-caps-lag-stocks-close-out-volatile-week-2013-04-19
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nan
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nan
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"After this week's sharp sell-off, most sectors were able to shrug off the downward momentum and rebound slightly today," noted Schaeffer's Senior Equity Analyst Joe Bell. "The Dow Jones Industrial Average (DJI) was a notable laggard for the day, however, as International Business Machines ( IBM ) and General Electric ( GE ) dragged it lower after worse-than-expected earnings." The blue-chip index still managed a small gain of less than 0.1%, however, thanks to a late-session press higher. Overall, stocks posted their sharpest weekly loss of 2013.
Continue reading for more on today's market, including :
Just as Tesla Motors ( TSLA ) reaches new all-time highs , bulls seem to be hitting the exits.
How options speculators bet on a long-term rebound in gold using the SPDR Gold Trust (ETF) (NYSEARCA:GLD).
Our Option Idea of the Week targets potential downside for Red Hat ( RHT ).
plus...
Market indexes suffer big weekly losses, Dell Inc. ( DELL ) has one fewer option, and Caterpillar (CAT) traders are bullish ahead of earnings.
The Dow Jones Industrial Average (DJI) trailed its peers, gaining just 10.4 points, or less than 0.1%, to settle at 14,547.51, which was near its high point of the day. Two dozen of the Dow's 30 members ended higher, with Microsoft Corporation (MSFT) and American Express (AXP) -- the former of which reported earnings Thursday evening -- each enjoying a 3.4% gain. On the down side was another earnings name, IBM, which plunged 8.3% on the day. On a weekly basis, the Dow dropped 2.1%.
The S&P 500 Index (SPX) bounced up 13.6 points, or 0.9%, retaking control of the 1,550 level and its 50-day moving average to close at 1,555.25. Elsewhere, the Nasdaq Composite (COMP) rallied 1.3%, tacking on 39.7 points, to end at 3,206.06. This week, however, the SPX surrendered 2.1%, while the COMP dropped 2.7%.
The CBOE Market Volatility Index (VIX) gave back some of its recent gains, losing 2.6 points, or 15%, to land at 14.97. Still, the fear barometer expanded by 24.1% this week.
A Trader's Take :
"After struggling the past several days, homebuilding stocks finally showed a little strength," Bell observed. "This was a nice sign for a group that had been performing well the past several months."
3 Things to Know About Today's Market :
Microsoft Corporation (MSFT) was one of many high-profile names reporting earnings in the last 24 hours. Its mixed report was quickly followed by news that company Chief Financial Officer Peter Klein is leaving after 11 years with the software giant. (CNBC)
Dell Inc. ( DELL ) is no longer being pursued by The Blackstone Group (BX), which has abandoned its bid for the company amid concerns over dropping PC sales. This move ups the likelihood that Michael Dell and his investing partners will take the company private. (USA Today)
And while lacking a direct impact on the markets, events in Boston captured everyone's focus today. The metropolitan area was on virtual lockdown as law enforcement officials -- including police and National Guard -- tracked the surviving suspect in Monday's Boston Marathon bombings. (CNN)
5 Stocks We Were Watching Today :
Bearish speculators bet on considerable downside in Research In Motion (BBRY) for the next two months.
Intel Corporation (INTC) optimists foresee short-term gains in the semiconductor name.
Vertex Pharmaceuticals (VRTX) saw a rush of bullish attention on Wall Street, after sprinting up the charts on the heels of strong findings for its cystic fibrosis drug.
Call buyers descended upon DISH Network (DISH) as the shares notched a new five-year high.
Caterpillar Inc. (CAT) speculators scooped up long calls ahead of the company's earnings report.
For a look at today's options movers and commodities activity, head to page 2.
Commodities :
Oil prices were higher today, as investors considered the likelihood of output cuts by the Organization of the Petroleum Exporting Countries, or OPEC. The May contract tacked on 28 cents, or 0.3%, to close at $88.01 per barrel. For the week, however, crude lost 3.6%, its third consecutive weekly pullback.
Speaking of weekly pullbacks, gold futures were down just over 7% from last Friday's close. Today, June-dated gold managed to gain $3.10, or 0.2%, to end the week at $1,395.60 per ounce.
At the end of every market day, the staff at Schaeffer's Investment Research reviews the trading day in detail, covering major events and key market developments. Don't miss this critical, timely and insightful report. If you enjoyed today's edition of Market Recap, sign up here for free daily delivery straight to your inbox.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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plus... Market indexes suffer big weekly losses, Dell Inc. ( DELL ) has one fewer option, and Caterpillar (CAT) traders are bullish ahead of earnings. (CNBC) Dell Inc. ( DELL ) is no longer being pursued by The Blackstone Group (BX), which has abandoned its bid for the company amid concerns over dropping PC sales. This move ups the likelihood that Michael Dell and his investing partners will take the company private.
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plus... Market indexes suffer big weekly losses, Dell Inc. ( DELL ) has one fewer option, and Caterpillar (CAT) traders are bullish ahead of earnings. (CNBC) Dell Inc. ( DELL ) is no longer being pursued by The Blackstone Group (BX), which has abandoned its bid for the company amid concerns over dropping PC sales. This move ups the likelihood that Michael Dell and his investing partners will take the company private.
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plus... Market indexes suffer big weekly losses, Dell Inc. ( DELL ) has one fewer option, and Caterpillar (CAT) traders are bullish ahead of earnings. (CNBC) Dell Inc. ( DELL ) is no longer being pursued by The Blackstone Group (BX), which has abandoned its bid for the company amid concerns over dropping PC sales. This move ups the likelihood that Michael Dell and his investing partners will take the company private.
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plus... Market indexes suffer big weekly losses, Dell Inc. ( DELL ) has one fewer option, and Caterpillar (CAT) traders are bullish ahead of earnings. (CNBC) Dell Inc. ( DELL ) is no longer being pursued by The Blackstone Group (BX), which has abandoned its bid for the company amid concerns over dropping PC sales. This move ups the likelihood that Michael Dell and his investing partners will take the company private.
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726459.0
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2013-04-19 00:00:00 UTC
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Buzz on the Street: A Bear Springs a Trap
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DELL
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https://www.nasdaq.com/articles/buzz-street-bear-springs-trap-2013-04-19
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nan
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nan
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All day and every day, some of the stock market's best and brightest traders and money managers share their ideas, insights, and analysis in real-time on Minyanville's Buzz & Banter.
Here is a small sampling of this week's activity in the Buzz.
Monday,April 15, 2013
Breakout Failure on the S&P? Take Some Notice
Scott Redler
The S&P500 (INDEXSP:.INX) took out some momentum levels today that could cause a bit of concern. I like to trade individual names for break outs through key levels, but if it turns into a "breakout failure," I take notice.
The S&P broke through a key level last week -- 1573-1576 -- and pushed up to 1597. What that does is, it squeezes shorts that have been rolling them up and it also baits in those who feel like they might be missing the move.
What is important after a breakout is measuring the validity of the break out. If it fails to hold and turns into a bit of a trap, take notice. So when 1574 gave way, I used it as a high-level stop on some positions. We are holding to 1562-ish by a thread, which is the 21-day MA.
The accelerated weakness in the commodities also has investors rattled and hearing footsteps. All-in-all, one of my rules is that I don't like to buy on Day 1 of a wide range engulfing bar, which is what we have today.
The last few times this year it happened this way, it didn't lead to much. I'd rather watch from the sidelines a bit.
After a harsh day like today, everyone will start chirping about what type of correction we might see. At this point nobody knows, but you don't have to know if you're flexible and measure levels.
Buy the Dip?
Peter Tchir
It looks like there have been multiple attempts to buy the Dip today. Here is my attempt at tracking on them on the S&P 500 today. While partially tongue in cheek, there is an element of truth to it.
We had weak economic data out of China, Europe isn't resolved, why this time QE will work for Japan is anyone's guess, and we have had a series of misses on the data side and so far earnings don't look that great relative to how healthy the economy supposedly was.
We continue to view 1,500 as a target on the S&P 500 and think 1.60% is reasonable on the 10-Year Treasury (INDEXSP:SPUSTTTR) .
Given the number of people I have heard today explaining how the US stock market is the best place to be (in spite of record highs), I think a quick shake-out is a real possibility. Maybe the DIP buyers will win, but if they aren't winning by 3:30, look for an ugly close as some decide to cut, and it is hard to look at the volatility in other asset classes and assume that US markets are safe from it.
Click to enlarge
Between the Ticks
Jeffrey Cooper
The Russell 2000 (INDEXRUSSELL:RUT) and DowTransports (INDEXDJX:DJT) are both back below their 50 dma's.
The quick recapture and subsequent give-up of the 50 suggests the recent rally in both were test failures of their respective highs.
This is a sign that the S&P back below the key 1584 'square' is probably a significant event.
Tomorrow the S&P will likely turn its 3 day chart down in carving out 3 consecutive lower lows, something that, believe it or not has not happened all year.
If this plays out, and the index continues lower/accelerates lower it will coincide with a violation of a prior swing high---the March 'flat line' or Slim Jim.
This is something that has not occurred since last fall when the S&P stabbed back below the prior June pivot high.
More importantly, as shown last week, trade back below the March flat signals a Boomerang sell signal, the same pattern traced out in Apple ( AAPL ) at its September high.
Click to enlarge
Tuesday,April 16, 2013
The Legend of Turnaround Tuesday
Todd Harrison
Gonna keep this quick anddirtyclean as time keeps on slippin' slippin' slippin' into the future.
If there is margin selling out there today, it's in the Gold (NYSEARCA:GLD) complex, which is now $35-$40 off the best levels of the session. Meanwhile, over on the path of maximum frustration, stocks are trading at session highs , seemingly impervious to the correlation we flagged this morning (note: this isn't a daily "one-beta" dynamic; it's broader than that).
While I strayed from my discipline earlier--I was off the desk when my buy-stop was triggered on my second lot of 25%--I am going to sit tight with my current posture, which is now 50% of a full SPY (NYSEARCA:SPY) put position . This, of course, was rounded up from 5% exposure on the opening after I punted 95% of my risk into yesterday's red mess.
There is a school of thought that you can't time the market and perhaps there's merit to that, with upward of 70% of volume coming from R2D2 and C3PO. Still, my game-plan is to trade around a short bias under S&P 1580-1600 and I'll continue on that track until such time I'm stopped out or (perceived) conditions change. It could, of course, be worse-- it could be raining --so keep your right hand up and your spirits high as we continue to find our way.
May peace be with you.
R.P.
ES Loses 2013 Support
Marc Eckelberry
ES (SPX futures) back under 2013 trendline support, so far confirming that April rally was a bull trap and Q1 trend is being reversed (chart). Bulls need a close above 1568.50 to negate that change.
Click to enlarge
Housing Starts
Andreas Calianos
This morning's census data release of housing starts appears to show a "surge" in demand for apartments.
Actually, not really.
The chart below is a comparison of single-family and multi-family starts since 1964. Since 1994, apartment construction has been below historical trend as the mortgage market opened up to households who were always (and should have always been) renters. Consequently, apartment supply was insufficient coming into the financial crisis. The latest increase in apartment construction barely gets us back to the anemic pre-crisis levels.
Supply always is and will be the enemy to apartment markets, but we have much further to go (in most markets) before that becomes an issue. Any stimulus is good, but the economic stimulus (i.e. multiplier effect) from apartments is much less than single-family houses. Is this good news? Yes, but not as good as many may believe.
Lastly, look at the single-family line… We are still at the lowest levels in 50 years. If a renter cannot get a mortgage for a home today, what will happen when rates rise?
Click to enlarge
Wednesday,April17, 2013
Deflation Pulse Beats Faster
Michael Gayed
I put up a new article on Minyanville addressing the idea that the market seems to think $85 billion per month is not enough given now very clear deflationary behavior underway. Stocks have nowhere near priced in just yet on an absolute basis the severity of the deflation pulse in nearly every other area of the investable landscape. The collapse in relative price of small-caps must be respected, alongside bond yields, which indicate a major flight to safety is under way.
While the fear is on a continuation of gold's decline, I believe stocks are now the most vulnerable risk asset. So I continue to be cautious here, and I encourage you to check excerpts of the coming re-release of my father's book discussing bear market characteristics at intermarketanalysisandinvesting.com . This is how major declines can happen, when price suddenly realizes that the conditions are very different than what most think.
Our ATAC models used for managing our mutual fund and separate accounts continue to profit from the deflation trade, waiting on the next fat pitch. The compression of the yield curve is quite telling, and should not be ignored.
How Far Will This Apple Fall?
Tim Thielen
With today's price action, Apple runs the risk of breaking horizontal line support (created by the lower edge of the upside gap from January of 2012 and the short-term lows from earlier this year) at $420.41.
However, if you take a look at the wider view of AAPL, it could be a "normal" long-term downside correction for the stock. By "normal", I simply mean it may be nearing the end of a larger "ABC" correction to the downside. The wave "C" support level comes in at $390.90. Given it is a long-term correction, it's tough to assume that the support will be exactly $390.90 - so give the stock a little leeway around that level.
If the stock can find some solid ground at or near this $390 support level, it may be a nice reward / risk entry point for prospective bulls. I would probably use a stop-loss on any close below $385. In all humility, though, you should take all of this with a grain of salt as it's coming from your friendly, neighborhood forex / bonds / commodities specialist.
Click to enlarge
Reloading on the Short Side
Todd Harrison
I'm not one to press -- at least I don't think I am -- but as I look around the financial landscape, and the inability for the breadth to improve with the futures, I've reloaded on my SPY September Puts (to 50% of a full position) with a stop above the trend-line (that has been in place since November). Through my lens, that comes into play in and around S&P 1558, so it's relatively tight and defined as these things go.
Markets that are weak all day with 2:1 negative breadth (or worse) tend to end that way; and if I'm wrong, and Snapper sizzles the shorts, my risk is a few handles.
R.P.
Click to enlarge
Thursday,April18, 2013
Holding Microsoft Into Earnings
Michael Comeau
Microsoft ( MSFT ) reports earnings after the close today, and I wanted to quickly run down why I'm holding my $28.50/$29 call spreads into the report.
First things first: the PC industry has been a total train wreck since even before Windows 8 was released. But everyone knows that , and since analysts keep cutting earnings estimates and target prices, there's a nice negativity bubble surrounding the stock.
Secondly, while PC sales are pretty, Microsoft's enterprise business is pretty strong, and the company still generates a ton of cash flow. Plus, the 3.2% dividend yield makes the stock attractive as an income play or even as a corporate bond substitute.
Third, Intel ( INTC ) recently reported so-so earnings and guidance, and the stock is up since then.
And to make a profit, I don't need Microsoft to go up much -- at $29 I'm at maximum profitability on my trade, and I think Microsoft can rally to $29 in short order, even on a mediocre quarter with mediocre guidance.
Longer-term, I don't have a ton of confidence in the stock, but I think they'll hang on in the near-term just fine.
Somethin's a-Brewin' in TIPS
Michael Sedacca
The 5-year TIPS auction was pretty atrocious, and I say that because the discount that was priced in over the past month didn't even make a difference. You might call this auction a borderline fail . The reason I say that is because indirect bidders, who submitted their relatively average $8.267b worth of bids, got filled on 99.88% of their bids. That is simply unheard of in any Treasury auction. Remember, for the most part, indirects, or foreign government sources, aren't buying for economic reasons. Directs didn't even bother showing up. In the post-auction trade, it looks like whatever dealers got they just dumped it right down.
I can't figure out if this is FX related, i.e. rebalancing after the Yen selloff or the "real asset" hedge getting unwound - TIPS have been a favorite trade for those seeking protection from "central bank money printing". Regardless, the trend is very clear, there is a move away from real assets. So I'm going to noodle it some more while I look back at some historical auction results.
Levels of Lore
Todd Harrison
This is an important zone for the market; the S&P 50-day is 'right here, right now' and the S&P 1540 is a level we discussed at length yesterday .
Market breadth is now 2:1 negative (this is why we don't count it as a tell until 30 minutes have passed) and the financials are heavy ( BKX (INDEXDJX:BKX) -1.1% vs. SPX -.6%).
Again, it's very early, but keep your eyes peeled and your right hand up as we continue to find our way.
As I will be making the commute into the big city in an hour or so, I have covered my remaining short-side exposure into this red mess (I abhor blind risk). Please remember that we each have unique time horizons and risk profiles.
R.P.
Friday, April 19, 2013
Apple PnF Points to $320
Marc Eckelberry
On December 10, I posted a PnF chart of Apple pointing to a $310 price target and wrote the following:
"Jefferies lowers their price target on Apple to 800. The PNF chart lowers it to 310."
Here is that same PnF chart updated, pointing to 320, only a slight modification but keeping the longer term investor focused on the real trend. The great advantage of PnF charts which work well with stocks, but not so well with Indices).
Click to enlarge
Turning It Around: Now Shorting Microsoft
Michael Comeau
Now that I'm done with my adventure on the long side with Microsoft, I'm back in on the short side.
I'm looking for some negative market exposure, and now that the stock's had a bit of a relief rally, I think it's set to stall out as people once again focus on lousy PC industry data and the company's weak position in mobile. And it certainly helps my case that Blackstone ( BX ) is dropping out of the bidding war for Dell ( DELL ), with one factor being weak PC sales (though Microsoft has a quite a strong enterprise business, the PC business dominates the news).
I'll stop myself out at $30.30-ish should the stock move against me. This is a pretty tight stop but I have no patience for losses, especially on short-term trades. If I'm wrong, I can live with being wrong in a small way.
LinkedIn Hovering Above Recent Support
Andrew Nyquist
Although LinkedIn (LNKD) is beginning to look tired, it is hovering above a confluence of important near-term support, so we'll give it the benefit of the doubt for now.
This support includes:
1) The higher lows trend line
2) .618 Fibonacci retracement
3) 50-day moving average
Note that although the stock price entered a period of consolidation, it is still 40% above its 200-day MA.
Click to enlarge
Twitter: @Minyanville
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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And it certainly helps my case that Blackstone ( BX ) is dropping out of the bidding war for Dell ( DELL ), with one factor being weak PC sales (though Microsoft has a quite a strong enterprise business, the PC business dominates the news). Click to enlarge Wednesday,April17, 2013 Deflation Pulse Beats Faster Michael Gayed I put up a new article on Minyanville addressing the idea that the market seems to think $85 billion per month is not enough given now very clear deflationary behavior underway. Tim Thielen With today's price action, Apple runs the risk of breaking horizontal line support (created by the lower edge of the upside gap from January of 2012 and the short-term lows from earlier this year) at $420.41.
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And it certainly helps my case that Blackstone ( BX ) is dropping out of the bidding war for Dell ( DELL ), with one factor being weak PC sales (though Microsoft has a quite a strong enterprise business, the PC business dominates the news). While I strayed from my discipline earlier--I was off the desk when my buy-stop was triggered on my second lot of 25%--I am going to sit tight with my current posture, which is now 50% of a full SPY (NYSEARCA:SPY) put position . ES Loses 2013 Support Marc Eckelberry ES (SPX futures) back under 2013 trendline support, so far confirming that April rally was a bull trap and Q1 trend is being reversed (chart).
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And it certainly helps my case that Blackstone ( BX ) is dropping out of the bidding war for Dell ( DELL ), with one factor being weak PC sales (though Microsoft has a quite a strong enterprise business, the PC business dominates the news). Click to enlarge Reloading on the Short Side Todd Harrison I'm not one to press -- at least I don't think I am -- but as I look around the financial landscape, and the inability for the breadth to improve with the futures, I've reloaded on my SPY September Puts (to 50% of a full position) with a stop above the trend-line (that has been in place since November). Click to enlarge Thursday,April18, 2013 Holding Microsoft Into Earnings Michael Comeau Microsoft ( MSFT ) reports earnings after the close today, and I wanted to quickly run down why I'm holding my $28.50/$29 call spreads into the report.
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And it certainly helps my case that Blackstone ( BX ) is dropping out of the bidding war for Dell ( DELL ), with one factor being weak PC sales (though Microsoft has a quite a strong enterprise business, the PC business dominates the news). Click to enlarge Reloading on the Short Side Todd Harrison I'm not one to press -- at least I don't think I am -- but as I look around the financial landscape, and the inability for the breadth to improve with the futures, I've reloaded on my SPY September Puts (to 50% of a full position) with a stop above the trend-line (that has been in place since November). Regardless, the trend is very clear, there is a move away from real assets.
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2013-04-19 00:00:00 UTC
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Dell Finalizes Icahn's Stake - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-finalizes-icahns-stake-analyst-blog-2013-04-19
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nan
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The board of Dell Inc. ( DELL ) has fixed the ownership stake of Carl Icahn and his associate entities to not more than 10.0% of the company's shares.
This deal also covers shareholders other than Ichan, who would jointly hold more than 15.0% of Dell's outstanding shares.
Some of Dell's shareholders have expressed their dissatisfaction with Michael Dell's offer, after which Ichan and investment firm Blackstone ( BX ) have raised the bid.
Icahn already has a leading position among minority shareholders and could therefore make it difficult for Michael Dell to acquire the controlling stake.
Moreover, this has been a major hurdle for Dell's board, who were more inclined toward Michael Dell and an investment group led by Silver Lake Partners to take the controlling stake.
Icahn has announced that he has rejected Dell's offer of $25.0 million as expense reimbursements if he agreed not to attempt a hostile takeover.
The latest decision regarding the stake came quickly, as Icahn Enterprises received an approval to terminate the normal waiting period -- i.e. within a period of 6 days -- which is generally needed before somebody can acquire a 25% ownership stake.
Considering the latest developments, Dell's future remains uncertain. In the past year, the company has had its share of challenges, as cutthroat competition from Hewlett-Packard ( HPQ ) and Apple Inc. ( AAPL ), as well as a restricted spending environment hurt revenues.
Moreover, privatization might help Dell move away from public scrutiny, but the decision regarding ownership is taking some time to settle.
Dell Inc. has a Zacks Rank #5 (Strong Sell). Therefore, we would instead recommend Symantec Corp. ( SYMC ), which has a Zacks Rank #2 (Buy). Synopsys Inc. ( SNPS ), which carries a Zacks Rank #1 (Strong Buy) also looks attractive.
APPLE INC (AAPL): Free Stock Analysis Report
BLACKSTONE GRP (BX): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
SYNOPSYS INC (SNPS): Free Stock Analysis Report
SYMANTEC CORP (SYMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Icahn already has a leading position among minority shareholders and could therefore make it difficult for Michael Dell to acquire the controlling stake. Icahn has announced that he has rejected Dell's offer of $25.0 million as expense reimbursements if he agreed not to attempt a hostile takeover. The board of Dell Inc. ( DELL ) has fixed the ownership stake of Carl Icahn and his associate entities to not more than 10.0% of the company's shares.
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Some of Dell's shareholders have expressed their dissatisfaction with Michael Dell's offer, after which Ichan and investment firm Blackstone ( BX ) have raised the bid. APPLE INC (AAPL): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. The board of Dell Inc. ( DELL ) has fixed the ownership stake of Carl Icahn and his associate entities to not more than 10.0% of the company's shares.
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The board of Dell Inc. ( DELL ) has fixed the ownership stake of Carl Icahn and his associate entities to not more than 10.0% of the company's shares. Some of Dell's shareholders have expressed their dissatisfaction with Michael Dell's offer, after which Ichan and investment firm Blackstone ( BX ) have raised the bid. APPLE INC (AAPL): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here.
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The board of Dell Inc. ( DELL ) has fixed the ownership stake of Carl Icahn and his associate entities to not more than 10.0% of the company's shares. Some of Dell's shareholders have expressed their dissatisfaction with Michael Dell's offer, after which Ichan and investment firm Blackstone ( BX ) have raised the bid. Icahn already has a leading position among minority shareholders and could therefore make it difficult for Michael Dell to acquire the controlling stake.
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2013-04-19 00:00:00 UTC
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The Markets Now: Stocks Mixed After Tech Company Earnings Reports
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DELL
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https://www.nasdaq.com/articles/markets-now-stocks-mixed-after-tech-company-earnings-reports-2013-04-19
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nan
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The Dow (INDEXDJX:.DJI) lagged behind the other indices today, decreasing 0.30% to 14372.58. The S&P 500 (INDEXSP:.INX) climbed 0.56% to 1,550.22, and the Nasdaq (INDEXNASDAQ:.IXIC) rose 1.07% to 3,200.12, helped by earnings reports from Google ( GOOG ) and Microsoft ( MSFT ).
No major economic reports were released today.
Google rose 2.75% to $787. Yesterday the Internet company reported a first-quarter profit of $3.35 billion, or $9.94 per share, versus $2.89 billion, or $8.75 per share, in the prior-year quarter. Adjusted profit was $11.58 per share, beating analysts' projections of $10.68 according to Bloomberg. Adjusted revenue was $11.01 billion compared to $8.14 billion in the prior year quarter.
Microsoft increased 3.09% to $29.68. The software and technology company reported that its third-quarter net income increased 19% year-over-year to $6.06 billion, or $0.72 per share, beating the average analyst estimate of $0.68, according to Bloomberg. Revenue increased 18% year-over-year to $20.5 billion.
Dell ( DELL ) fell 3.73% to $13.43. Blackstone ( BX ) has pulled out of bidding for Dell. CEO Michael Dell and Silver Lake Partners remain the two active bidders.
IBM ( IBM ) plunged 7.65% to $191.30. The technology company reported a first-quarter net income of $3 billion, or $2.70 per share, versus $3.8 billion, or $2.61 per share. Analysts expected net income of $3.05, according to Bloomberg. Revenue declined 5% to $23.4 billion.
The company also announced today that it may cut up to 1,400 jobs in France over the next two years.
Gilead Sciences (GILD) spiked 5.79% to $53.81. Gilead has hit a new 52-week high. The biopharmaceutical company reached its previous 52-week high of $52.01 on April 16.
Twitter: @ChrisWitrak
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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CEO Michael Dell and Silver Lake Partners remain the two active bidders. Dell ( DELL ) fell 3.73% to $13.43. Blackstone ( BX ) has pulled out of bidding for Dell.
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Dell ( DELL ) fell 3.73% to $13.43. Blackstone ( BX ) has pulled out of bidding for Dell. CEO Michael Dell and Silver Lake Partners remain the two active bidders.
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Dell ( DELL ) fell 3.73% to $13.43. Blackstone ( BX ) has pulled out of bidding for Dell. CEO Michael Dell and Silver Lake Partners remain the two active bidders.
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Dell ( DELL ) fell 3.73% to $13.43. Blackstone ( BX ) has pulled out of bidding for Dell. CEO Michael Dell and Silver Lake Partners remain the two active bidders.
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cc9b0941-a995-425a-b97e-f2a6042bfcfa
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726462.0
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2013-04-17 00:00:00 UTC
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What's Going on with Tech Earnings? - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/whats-going-tech-earnings-analyst-blog-2013-04-17
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nan
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nan
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Today's negative pre-announcement from Cirrus Logic ( CRUS ) adds to the cloudy outlook for Apple ( AAPL ). In many ways, Apple's problems are very company-specific: a function of competitors are finally catching up to it. Apple's smart-phones and tablets no longer have the field to themselves. What this means is that Apple's growth outlook is a lot less certain than was previously believed.
We will know more about Apple's earnings picture as the company reports Q1 results after the close on April 23rd. But the current Zacks Consensus estimate for Q1 is down almost 14% in the last three months and estimates for the coming quarters likely have more room to come down. In terms of growth, Apple's total Q1 earnings are expected to be down roughly -16% from the same period last year.
The Key Trends
Apple's problems may be company specific, but plenty of its hitherto high-flying Technology peers are faced with similar earnings challenges. We saw in Intel's ( INTC ) earnings report on Tuesday how the weak PC demand picture is weighing on its outlook.
The situation isn't much different for other PC centric players like Hewlett-Packard ( HPQ ), Dell ( DELL ), Microsoft ( MSFT ) and Advanced Micro Devices ( AMD ), to name just a few. Ironically, Apple played a leading role in bringing the PC market to its knees.
Others are faced with different headwinds that lead to the same earnings challenges. Companies with advertizing-based business models like Google ( GOOG ), Facebook ( FB ), Yahoo ( YHOO ) and others are struggling with monetizing the secular shift from PC to mobile devices. This platform shift has material consequences for these companies' margins, as do the headwinds facing Apple and the PC players.
Expectations for Q1
These trends are clearly visible in the aggregate earnings expectations for the sector. And let's not forget, Technology is the largest earnings contributor to the S&P 500. It's not without basis to say that 'as goes Tech, so goes the S&P 500.' Total earnings for the sector are expected to be down -8% from the same period last year, which is a big contributor to the expected -1.6% decline for the S&P 500 as whole.
The revenue picture isn't that bad, with total sector revenues in Q1 expected to be up +2.8%. And this spotlights the margin problem we referred to earlier for the individual companies. Net margins for the sector in Q1 are expected to be down more than 200 basis points from the same period last year and essentially flat from the preceding quarter.
What About Beyond Q1?
In terms of earnings, the first and third quarters are typically the seasonally weak periods for the sector. As such, the market may be willing to cut the Tech companies some slack for a weak showing this reporting season. But a lot will depend on how they guide towards the coming quarters, as expectations for the coming quarters, particularly the second half of the year, are for a resumption of strong growth.
Current consensus expectations are for total Tech sector earnings to increase by +8% in the second half of the year after declining by -5% in the first half. The second half recovery is then expected to carry into 2014, resulting total earnings growth for the sector of +13.3%.
A big part of these second-half 2013 and full-year 2014 earnings recovery hopes rest on margin expansion. On a quarterly basis, net margins for the sector peaked in 2012 Q3 and have yet to get back to those levels.
On an annual basis, the sector's net margins have been essentially flat since 2011, but are expected to make strong gains later this year and next year after contracting in the first half of 2013. Hard to envision such margin gains given the multiple headwinds facing them.
Putting It All Together
What all this boils down to is that earnings expectations for the broader S&P 500 in general and the dominant Technology sector in particularly remain elevated. I am not talking about estimates for the currently underway first quarter of 2013, but the coming quarters, particularly the second half of the year and next year. Those estimates need to come down and they most likely will come down after we hear from management teams.
Tech stocks haven't been the leading stock market performers this year, up +8.6% year to date vs. the +11.4% gain for the S&P 500 in that same time period. It is perhaps reasonable to expect this group to give back some of those gains in the coming days.
APPLE INC (AAPL): Free Stock Analysis Report
ADV MICRO DEV (AMD): Free Stock Analysis Report
CIRRUS LOGIC (CRUS): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
FACEBOOK INC-A (FB): Free Stock Analysis Report
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
YAHOO! INC (YHOO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The situation isn't much different for other PC centric players like Hewlett-Packard ( HPQ ), Dell ( DELL ), Microsoft ( MSFT ) and Advanced Micro Devices ( AMD ), to name just a few. APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report CIRRUS LOGIC (CRUS): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report YAHOO! The Key Trends Apple's problems may be company specific, but plenty of its hitherto high-flying Technology peers are faced with similar earnings challenges.
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The situation isn't much different for other PC centric players like Hewlett-Packard ( HPQ ), Dell ( DELL ), Microsoft ( MSFT ) and Advanced Micro Devices ( AMD ), to name just a few. APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report CIRRUS LOGIC (CRUS): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report YAHOO! Companies with advertizing-based business models like Google ( GOOG ), Facebook ( FB ), Yahoo ( YHOO ) and others are struggling with monetizing the secular shift from PC to mobile devices.
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APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report CIRRUS LOGIC (CRUS): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report YAHOO! The situation isn't much different for other PC centric players like Hewlett-Packard ( HPQ ), Dell ( DELL ), Microsoft ( MSFT ) and Advanced Micro Devices ( AMD ), to name just a few. Total earnings for the sector are expected to be down -8% from the same period last year, which is a big contributor to the expected -1.6% decline for the S&P 500 as whole.
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The situation isn't much different for other PC centric players like Hewlett-Packard ( HPQ ), Dell ( DELL ), Microsoft ( MSFT ) and Advanced Micro Devices ( AMD ), to name just a few. APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report CIRRUS LOGIC (CRUS): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report YAHOO! This platform shift has material consequences for these companies' margins, as do the headwinds facing Apple and the PC players.
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a82f394f-e69d-43e7-a1ab-47041077445e
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726463.0
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2013-04-16 00:00:00 UTC
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The PC Market May Be Dying, but Apple Is Still Minting Money in It
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DELL
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https://www.nasdaq.com/articles/pc-market-may-be-dying-apple-still-minting-money-it-2013-04-16
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nan
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nan
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With the rise in popularity of mobile computing devices, the PC industry has seen sales collapse in recent years. Just last week, market research firm IDC reported that in the first quarter of 2013, the PC industry's unit sales slid 13.9% year-over-year.
Minyanville's own Michael Comeau has described the decline as the "toasterization" of the PC, where the PC has gone from being a source of interest in and of itself, to being, like a toaster, merely a means to and end, in this case a device that allows consumers to edit photos or access Facebook ( FB ) and Netflix ( NFLX ).
(See also: My Apple iMac Is Starting to Look Like a Toaster. )
PC giants like Hewlett-Packard ( HPQ ) and Dell ( DELL ) have taken especially big hits in this era, but Apple's ( AAPL ) iMacs and Macbooks continue to rake in robust profits, according to a report from industry analysis firm Asymco.
Source: Asymco
As seen from the charts, even though Apple's share of the PC market was smaller than the top 5 of Dell, HP, Lenovo (LNVGY), Acer (TPE:2353), and Asus (AKCPF) in the last quarter of 2012, it topped them all in terms of operating profit, thanks to its outsized margins.
(See also: Time Out! If You Didn't Know PC Sales Were Horrible, Then You Haven't Been Paying Attention .)
Of course, the key difference between Apple and its rivals in the PC market is that Apple computers come bundled with the company's own operating system, whereas original equipment manufacturers (OEM) like HP rely on Microsoft's (MSFT) Windows operating system.
So while Microsoft might still be profiting off licensing fees even as PC sales fall, OEMs that have engaged in a race to the bottom have seen net income slide thanks both to the unpopularity of Windows 8 and the larger secular decline of the industry.
Aysmco's Horace Dediu writes :
The real problem for the PC vendors is not that they have such low margins -- they've had low margins for decades. It's that the volumes which "made up for" low margins are disappearing. Apple is not immune to a gradual erosion of Mac volumes, but they have positioned themselves for growth with devices and content commerce and services. They have essentially "escaped" PCs and indeed caused the need to escape in the first place.
The problem is what could the others do? It seems all they can do is depend on Microsoft getting their strategy right.
For PC makers, the problem will only get worse: In a research note to investors, Deutsche Bank analyst Chris Whitmore said that he expects PC sales to drop another 8% this year, and 5% in 2014.
Whitmore also pointed out that the newly private Dell would lower margins in order to gain market share, which could result in further profit declines for HP and the other Windows PC makers as well.
As for Apple, even though it accounted for 45% of all PC operating profit in Q4 2012, Wall Street apparently still isn't satisfied: Apple's share price continues to hover near its 52-week low.
Ahead of its quarterly earnings results next week, Apple has also had its price target cut to $650 from $600 by Stifel and to $550 from $575 by Mizhuho.
(See also: AppleMight Be the Bigger Loser in the Apple-Samsung Breakup .)
Twitter: @sterlingwong
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Whitmore also pointed out that the newly private Dell would lower margins in order to gain market share, which could result in further profit declines for HP and the other Windows PC makers as well. PC giants like Hewlett-Packard ( HPQ ) and Dell ( DELL ) have taken especially big hits in this era, but Apple's ( AAPL ) iMacs and Macbooks continue to rake in robust profits, according to a report from industry analysis firm Asymco. Source: Asymco As seen from the charts, even though Apple's share of the PC market was smaller than the top 5 of Dell, HP, Lenovo (LNVGY), Acer (TPE:2353), and Asus (AKCPF) in the last quarter of 2012, it topped them all in terms of operating profit, thanks to its outsized margins.
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Whitmore also pointed out that the newly private Dell would lower margins in order to gain market share, which could result in further profit declines for HP and the other Windows PC makers as well. PC giants like Hewlett-Packard ( HPQ ) and Dell ( DELL ) have taken especially big hits in this era, but Apple's ( AAPL ) iMacs and Macbooks continue to rake in robust profits, according to a report from industry analysis firm Asymco. Source: Asymco As seen from the charts, even though Apple's share of the PC market was smaller than the top 5 of Dell, HP, Lenovo (LNVGY), Acer (TPE:2353), and Asus (AKCPF) in the last quarter of 2012, it topped them all in terms of operating profit, thanks to its outsized margins.
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Source: Asymco As seen from the charts, even though Apple's share of the PC market was smaller than the top 5 of Dell, HP, Lenovo (LNVGY), Acer (TPE:2353), and Asus (AKCPF) in the last quarter of 2012, it topped them all in terms of operating profit, thanks to its outsized margins. PC giants like Hewlett-Packard ( HPQ ) and Dell ( DELL ) have taken especially big hits in this era, but Apple's ( AAPL ) iMacs and Macbooks continue to rake in robust profits, according to a report from industry analysis firm Asymco. Whitmore also pointed out that the newly private Dell would lower margins in order to gain market share, which could result in further profit declines for HP and the other Windows PC makers as well.
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PC giants like Hewlett-Packard ( HPQ ) and Dell ( DELL ) have taken especially big hits in this era, but Apple's ( AAPL ) iMacs and Macbooks continue to rake in robust profits, according to a report from industry analysis firm Asymco. Source: Asymco As seen from the charts, even though Apple's share of the PC market was smaller than the top 5 of Dell, HP, Lenovo (LNVGY), Acer (TPE:2353), and Asus (AKCPF) in the last quarter of 2012, it topped them all in terms of operating profit, thanks to its outsized margins. Whitmore also pointed out that the newly private Dell would lower margins in order to gain market share, which could result in further profit declines for HP and the other Windows PC makers as well.
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aee47823-6bd1-4faf-a4ee-85bf3437e96b
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726464.0
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2013-04-12 00:00:00 UTC
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H-P's Bond with Asian Airlines Grows - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/h-ps-bond-with-asian-airlines-grows-analyst-blog-2013-04-12
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nan
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nan
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Hewlett-Packard Co. ( HPQ ) recently announced that its Enterprise Services unit will provide information technology (IT) support to a Chinese aviation technology provider TravelSky Technology Ltd. TravelSky provides IT solutions to the country's airlines, airports, air travel suppliers, travel agencies, individual and corporate travel consumers, and cargo services. Financial terms of the deal were not divulged.
Per the deal terms, H-P will help TravelSky in developing a Passenger Services System (PSS), which will be known as "New Compass". A PSS helps airlines to manage their reservation system (i.e. selling of seats), flight details, seat availability and check-in process.
H-P will provide the design for the PSS system and support TravelSky in the development and delivery of the 'New Compass" to its clients located in 300 cities in China and 80 other cities worldwide. With the 'New Compass" PSS system, the served airlines, airports and travel agencies can access flexible and scalable solutions for improved passenger experience.
In a separate development, H-P announced a success story with Japan's largest airline, All Nippon Airways. The airline adopted H-P Autonomy's 'Optimost' marketing optimization software and 'TeamSite" web-content management system. Leveraging H-P's services, the airline witnessed 30.0% growth in its online ticket sales. This has improved All Nippon Airways' annual revenues.
A report published by International Air Transport Association shows a modest improvement in the financial performance of the industry in 2013, with solid contribution from the Asian-Pacific carriers. Specifically, these carriers are expected to record a profit of $4.2 billion in 2013, much more than $3.9 billion recorded in 2012.
Considering the Asian airline industry growth, we believe H-P success as well as expertise in the field of aviation could prove beneficial for H-P's growth in the region.
Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches, growing exposure into enterprise storage space and deal win momentum are encouraging.
Currently, H-P has a Zacks Rank #2 (Buy). Other technology stocks that warrant a consideration are SanDisk Corp. ( SNDK ) and Synopsys Inc. ( SNPS ).
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
SANDISK CORP (SNDK): Free Stock Analysis Report
SYNOPSYS INC (SNPS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches, growing exposure into enterprise storage space and deal win momentum are encouraging. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SANDISK CORP (SNDK): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report To read this article on Zacks.com click here. Per the deal terms, H-P will help TravelSky in developing a Passenger Services System (PSS), which will be known as "New Compass".
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SANDISK CORP (SNDK): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report To read this article on Zacks.com click here. Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches, growing exposure into enterprise storage space and deal win momentum are encouraging. Hewlett-Packard Co. ( HPQ ) recently announced that its Enterprise Services unit will provide information technology (IT) support to a Chinese aviation technology provider TravelSky Technology Ltd. TravelSky provides IT solutions to the country's airlines, airports, air travel suppliers, travel agencies, individual and corporate travel consumers, and cargo services.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SANDISK CORP (SNDK): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report To read this article on Zacks.com click here. Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches, growing exposure into enterprise storage space and deal win momentum are encouraging. Hewlett-Packard Co. ( HPQ ) recently announced that its Enterprise Services unit will provide information technology (IT) support to a Chinese aviation technology provider TravelSky Technology Ltd. TravelSky provides IT solutions to the country's airlines, airports, air travel suppliers, travel agencies, individual and corporate travel consumers, and cargo services.
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Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches, growing exposure into enterprise storage space and deal win momentum are encouraging. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SANDISK CORP (SNDK): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report To read this article on Zacks.com click here. Hewlett-Packard Co. ( HPQ ) recently announced that its Enterprise Services unit will provide information technology (IT) support to a Chinese aviation technology provider TravelSky Technology Ltd. TravelSky provides IT solutions to the country's airlines, airports, air travel suppliers, travel agencies, individual and corporate travel consumers, and cargo services.
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8eec08dc-9e8d-4845-a6f5-237a9a40fb96
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726465.0
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2013-04-11 00:00:00 UTC
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Mid-Morning Market Update: Markets Continue to March Upwards, PC Makers Get Blasted
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DELL
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-continue-march-upwards-pc-makers-get-blasted-2013-04-11
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nan
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nan
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Following the market opening Thursday, the Dow traded up 0.19 percent to 14,830.98 while the NASDAQ fell 0.04 percent to 3,295.44. The S&P also rose, increasing 0.17 percent to 1,590.51.
Index Technicals: The S&P 500 looks to be hitting new resistance at 1,590 with 1,575 acting as resistance below that.
The Dow looks to have new resistance at 14,825, with 14,685 becoming support.
The Russell is set to take out its 940 resistance with 960 acting as resistance above that.
Finally, the NASDAQ looks to be breaking out through 3,270 resistance, finding new resistance at 3,300.
Top Headline An IDC report came out yesterday reporting global PC shipments, saying they were down over 14 percent, the largest decrease ever reported. The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ).
The news has caused companies like Microsoft (NASDAQ: MSFT ) and Hewlett Packard (NYSE: HP ) to take a hit, and sent ripples through the PC manufacturers and suppliers.
Equities Trading UP ACADIA Pharmaceuticals (NASDAQ: ACAD ) shot up 46.54 percent to $11.68 after the company announced it had received an expedited FDA review path for its lead drug
Shares of Rite Aid (NYSE: RAD ) shot up 16.49 percent to $2.09 after the company crushed expectations on the bottom line in its earnings release this morning.
Boyd Gaming (NYSE: BYD ) was also up, gaining 12.80 percent to $9.25 after Morgan Stanley upgraded the stock to an Overweight rating this morning.
Equities Trading DOWN Fortinet (NASDAQ: FTNT ) plummeted at the market opening, falling 17.67 to $17.99 after taking a series of analyst downgrades this morning.
Hewlett-Packard (NYSE: HPQ ) was also down, falling 5.50 percent to $21.09 after the PC sales data was released to the public.
Shares of Advanced Micro Devices (NYSE: AMD ) took a hit as well, falling 2.75 percent to $2.54 on the poor PC report.
Commodities In commodity news, oil traded down 0.67 percent to $94.01, while gold traded down 0.53 percent to $1,567.50.
Silver traded up 0.71 percent Thursday to $27.83, while copper fell 0.07 percent to $3.40.
Eurozone European markets were higher this morning as it was reported that Cyprus had signed its memorandum of understanding with the Troika, opening the door to its much needed bailout funds.
Following the news, the French CAC rose 0.60 percent, while the German DAX was close behind, gaining 0.55 percent.
Economics In economic news this morning, initial jobless claims came in at 346K, above the expected 340K, but below the prior release of 385K, while continuing jobless claims came in at 3.08 million, above the expected 3.07 million and the previous result of 3.06 million.
The import price index came in down -0.50 percent, equal to the prior figure.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). The news has caused companies like Microsoft (NASDAQ: MSFT ) and Hewlett Packard (NYSE: HP ) to take a hit, and sent ripples through the PC manufacturers and suppliers. Equities Trading DOWN Fortinet (NASDAQ: FTNT ) plummeted at the market opening, falling 17.67 to $17.99 after taking a series of analyst downgrades this morning.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). Following the market opening Thursday, the Dow traded up 0.19 percent to 14,830.98 while the NASDAQ fell 0.04 percent to 3,295.44. Economics In economic news this morning, initial jobless claims came in at 346K, above the expected 340K, but below the prior release of 385K, while continuing jobless claims came in at 3.08 million, above the expected 3.07 million and the previous result of 3.06 million.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). Following the market opening Thursday, the Dow traded up 0.19 percent to 14,830.98 while the NASDAQ fell 0.04 percent to 3,295.44. Equities Trading UP ACADIA Pharmaceuticals (NASDAQ: ACAD ) shot up 46.54 percent to $11.68 after the company announced it had received an expedited FDA review path for its lead drug Shares of Rite Aid (NYSE: RAD ) shot up 16.49 percent to $2.09 after the company crushed expectations on the bottom line in its earnings release this morning.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). Following the market opening Thursday, the Dow traded up 0.19 percent to 14,830.98 while the NASDAQ fell 0.04 percent to 3,295.44. Index Technicals: The S&P 500 looks to be hitting new resistance at 1,590 with 1,575 acting as resistance below that.
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bdf32b17-0cbb-49dd-a122-a6b3fcd0080d
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726466.0
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2013-04-11 00:00:00 UTC
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The Latest PC Data Looks like a Typo, But It's Not
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DELL
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https://www.nasdaq.com/articles/latest-pc-data-looks-typo-its-not-2013-04-11
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nan
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nan
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It's not uncommon for companies to miss on their revenue line, but when was the last time you saw a big company miss by nearly 50 percent? If the latest PC data issued on Wednesday were a company, its stock would look like a biotech that couldn't gain FDA approval on a late stage drug. It would be ugly.
If that sounds a bit overdramatic, here's why it's not. The latest IDC data found that PC shipments shrunk 14 percent year over year in the first quarter. IDC forecasted a year over year decline of 7.7 percent.
This represented the worst quarter since IDC began tracking PC shipments in 1994, and the fourth consecutive quarter of declines.
Why such an alarming decline?
Apple (NASDAQ: AAPL ), Samsung and Amazon (NASDAQ: AMZN ) may be locked in a cut-throat tablet war, but if the three are looking for something to agree on, it would be that they're crushing the PC market.
IDC reported in March that tablet shipments were up 78 percent year over year in 2012 and expected to pass PC shipments this year. That, along with phones that are slowly becoming big enough to be tablets, has left little room for the bulky desktop computer that feels so 20th-century.
It's not just desktops. By 2017, laptops could have an 11 percent share, according to IDC.
Microsoft (NASDAQ: MSFT ) didn't do much to breathe new life into the PC either. Companies heavily levered to the PC were hoping that Windows 8 would have the 'cool factor' of the Apple OS, but that hasn't happened. As of January of this year, Windows 8 only has a 2.26 percent market share-well below all other Windows operating systems and even OS X. OS X has the 'cool factor' but has about as much market share as the Windows phones.
In comparison, Windows 7 at the same point in its product cycle, had a 7.7 percent share.
IDC analyst Jay Chou said, "We don't have a lot of reason to be optimistic that the market will remain in more than replacement-cycle mode."
However you look at the numbers, this is bad news for companies like Hewlett-Packard (NYSE: HPQ ), Microsoft, and Dell (NASDAQ: DELL ).
Will the PC manufacturers attend the same, "why doesn't anybody like us anymore?" support group as J.C. Penney (NYSE: JCP )? Maybe Ron Johnson and Microsoft CEO Steve Ballmer will be fighting for that Apple retail job soon enough.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However you look at the numbers, this is bad news for companies like Hewlett-Packard (NYSE: HPQ ), Microsoft, and Dell (NASDAQ: DELL ). If the latest PC data issued on Wednesday were a company, its stock would look like a biotech that couldn't gain FDA approval on a late stage drug. Companies heavily levered to the PC were hoping that Windows 8 would have the 'cool factor' of the Apple OS, but that hasn't happened.
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However you look at the numbers, this is bad news for companies like Hewlett-Packard (NYSE: HPQ ), Microsoft, and Dell (NASDAQ: DELL ). The latest IDC data found that PC shipments shrunk 14 percent year over year in the first quarter. Click here to start your 14 Day Trial of Benzinga Professional The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However you look at the numbers, this is bad news for companies like Hewlett-Packard (NYSE: HPQ ), Microsoft, and Dell (NASDAQ: DELL ). The latest IDC data found that PC shipments shrunk 14 percent year over year in the first quarter. IDC reported in March that tablet shipments were up 78 percent year over year in 2012 and expected to pass PC shipments this year.
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However you look at the numbers, this is bad news for companies like Hewlett-Packard (NYSE: HPQ ), Microsoft, and Dell (NASDAQ: DELL ). The latest IDC data found that PC shipments shrunk 14 percent year over year in the first quarter. Microsoft (NASDAQ: MSFT ) didn't do much to breathe new life into the PC either.
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3db7a56d-7823-4780-81a0-076edb3f5190
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726467.0
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2013-04-11 00:00:00 UTC
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Mid-Afternoon Market Update: Rite Aid Posts Massive Rally, While Hewlett-Packard Takes a Hit
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DELL
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https://www.nasdaq.com/articles/mid-afternoon-market-update-rite-aid-posts-massive-rally-while-hewlett-packard-takes-hit
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nan
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nan
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Toward the end of Thursday, the Dow traded up 0.46 percent to 14,870.98 while the NASDAQ rose 0.12 percent to 3,301.44. The S&P also rose, increasing 0.42 percent to 1,594.51.
Index Technicals: The S&P 500 looks to be hitting new resistance at 1,590 with 1,575 acting as resistance below that.
The Dow looks to have new resistance at 14,825, with 14,685 becoming support.
The Russell is set to take out its 940 resistance with 960 acting as resistance above that.
Finally, the NASDAQ looks to be breaking out through 3,270 resistance, finding new resistance at 3,300.
Top Headline An IDC report came out yesterday reporting global PC shipments, saying they were down over 14 percent, the largest decrease ever reported. The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ).
The news has caused companies like Microsoft (NASDAQ: MSFT ) and Hewlett Packard (NYSE: HP ) to take a hit, and sent ripples through the PC manufacturers and suppliers.
Equities Trading UP ACADIA Pharmaceuticals (NASDAQ: ACAD ) shot up 67.13 percent to $13.32 after the company announced it had received an expedited FDA review path for its lead drug
Shares of Rite Aid (NYSE: RAD ) shot up 18.99 percent to $2.13 after the company crushed expectations on the bottom line in its earnings release this morning.
Zumiez (NASDAQ: ZUMZ ) was also up, gaining 14.42 percent to $28.49 after the company reported higher than expected same store sales for the month of March.
Equities Trading DOWN Fortinet (NASDAQ: FTNT ) plummeted at the market opening, falling 13.50 to $18.90 after taking a series of analyst downgrades this morning.
Hewlett-Packard (NYSE: HPQ ) was also down, falling 6.77 percent to $20.81 after the PC sales data was released to the public.
Shares of BlackBerry (NASDAQ: BBRY ) were down as well, falling 7.22 percent to $13.63 after a report came out that returns of the company's phones were outpacing sales.
Commodities In commodity news, oil traded down 1.28 percent to $93.43, while gold traded up 0.26 percent to $1,562.50.
Silver traded up 0.34 percent Thursday to $27.73, while copper rose 0.37 percent to $3.43.
Eurozone European markets were higher this morning as it was reported that Cyprus had signed its memorandum of understanding with the Troika, opening the door to its much needed bailout funds.
Following the news, the French CAC rose 0.60 percent, while the German DAX was close behind, gaining 0.55 percent.
Economics In economic news this morning, initial jobless claims came in at 346K, above the expected 340K, but below the prior release of 385K, while continuing jobless claims came in at 3.08 million, above the expected 3.07 million and the previous result of 3.06 million.
The import price index came in down -0.50 percent, equal to the prior figure.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). The news has caused companies like Microsoft (NASDAQ: MSFT ) and Hewlett Packard (NYSE: HP ) to take a hit, and sent ripples through the PC manufacturers and suppliers. Equities Trading DOWN Fortinet (NASDAQ: FTNT ) plummeted at the market opening, falling 13.50 to $18.90 after taking a series of analyst downgrades this morning.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). Toward the end of Thursday, the Dow traded up 0.46 percent to 14,870.98 while the NASDAQ rose 0.12 percent to 3,301.44. Economics In economic news this morning, initial jobless claims came in at 346K, above the expected 340K, but below the prior release of 385K, while continuing jobless claims came in at 3.08 million, above the expected 3.07 million and the previous result of 3.06 million.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). Toward the end of Thursday, the Dow traded up 0.46 percent to 14,870.98 while the NASDAQ rose 0.12 percent to 3,301.44. Equities Trading UP ACADIA Pharmaceuticals (NASDAQ: ACAD ) shot up 67.13 percent to $13.32 after the company announced it had received an expedited FDA review path for its lead drug Shares of Rite Aid (NYSE: RAD ) shot up 18.99 percent to $2.13 after the company crushed expectations on the bottom line in its earnings release this morning.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). Index Technicals: The S&P 500 looks to be hitting new resistance at 1,590 with 1,575 acting as resistance below that. Zumiez (NASDAQ: ZUMZ ) was also up, gaining 14.42 percent to $28.49 after the company reported higher than expected same store sales for the month of March.
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13719689-75dd-4928-8c1c-1f5dfcbca984
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726468.0
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2013-04-11 00:00:00 UTC
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Mid-Day Market Update: ACADIA Posts Massive Rally as AMD Falls
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DELL
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https://www.nasdaq.com/articles/mid-day-market-update-acadia-posts-massive-rally-amd-falls-2013-04-11
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nan
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nan
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Midway through trading Thursday, the Dow traded up 0.43 percent to 14,865.98 while the NASDAQ rose 0.05 percent to 3,299.44. The S&P also rose, increasing 0.40 percent to 1,594.51.
Index Technicals: The S&P 500 looks to be hitting new resistance at 1,590 with 1,575 acting as resistance below that.
The Dow looks to have new resistance at 14,825, with 14,685 becoming support.
The Russell is set to take out its 940 resistance with 960 acting as resistance above that.
Finally, the NASDAQ looks to be breaking out through 3,270 resistance, finding new resistance at 3,300.
Top Headline An IDC report came out yesterday reporting global PC shipments, saying they were down over 14 percent, the largest decrease ever reported. The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ).
The news has caused companies like Microsoft (NASDAQ: MSFT ) and Hewlett Packard (NYSE: HP ) to take a hit, and sent ripples through the PC manufacturers and suppliers.
Equities Trading UP ACADIA Pharmaceuticals (NASDAQ: ACAD ) shot up 56.71 percent to $12.49 after the company announced it had received an expedited FDA review path for its lead drug
Shares of Rite Aid (NYSE: RAD ) shot up 18.99 percent to $2.13 after the company crushed expectations on the bottom line in its earnings release this morning.
Boyd Gaming (NYSE: BYD ) was also up, gaining 10.24 percent to $9.04 after Morgan Stanley upgraded the stock to an Overweight rating this morning.
Equities Trading DOWN Fortinet (NASDAQ: FTNT ) plummeted at the market opening, falling 14.42 to $18.70 after taking a series of analyst downgrades this morning.
Hewlett-Packard (NYSE: HPQ ) was also down, falling 6.90 percent to $20.78 after the PC sales data was released to the public.
Shares of Advanced Micro Devices (NYSE: AMD ) took a hit as well, falling 3.56 percent to $2.52 on the poor PC report.
Commodities In commodity news, oil traded down 1.46 percent to $93.26, while gold traded up 0.40 percent to $1,565.50.
Silver traded up 0.63 percent Thursday to $27.81, while copper rose 0.26 percent to $3.43.
Eurozone European markets were higher this morning as it was reported that Cyprus had signed its memorandum of understanding with the Troika, opening the door to its much needed bailout funds.
Following the news, the French CAC rose 0.60 percent, while the German DAX was close behind, gaining 0.55 percent.
Economics In economic news this morning, initial jobless claims came in at 346K, above the expected 340K, but below the prior release of 385K, while continuing jobless claims came in at 3.08 million, above the expected 3.07 million and the previous result of 3.06 million.
The import price index came in down -0.50 percent, equal to the prior figure.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). The news has caused companies like Microsoft (NASDAQ: MSFT ) and Hewlett Packard (NYSE: HP ) to take a hit, and sent ripples through the PC manufacturers and suppliers. Equities Trading DOWN Fortinet (NASDAQ: FTNT ) plummeted at the market opening, falling 14.42 to $18.70 after taking a series of analyst downgrades this morning.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). Midway through trading Thursday, the Dow traded up 0.43 percent to 14,865.98 while the NASDAQ rose 0.05 percent to 3,299.44. Economics In economic news this morning, initial jobless claims came in at 346K, above the expected 340K, but below the prior release of 385K, while continuing jobless claims came in at 3.08 million, above the expected 3.07 million and the previous result of 3.06 million.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). Midway through trading Thursday, the Dow traded up 0.43 percent to 14,865.98 while the NASDAQ rose 0.05 percent to 3,299.44. Equities Trading UP ACADIA Pharmaceuticals (NASDAQ: ACAD ) shot up 56.71 percent to $12.49 after the company announced it had received an expedited FDA review path for its lead drug Shares of Rite Aid (NYSE: RAD ) shot up 18.99 percent to $2.13 after the company crushed expectations on the bottom line in its earnings release this morning.
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The release also highlighted a decrease of 10.9 percent in shipments from Dell (NASDAQ: DELL ). Midway through trading Thursday, the Dow traded up 0.43 percent to 14,865.98 while the NASDAQ rose 0.05 percent to 3,299.44. Index Technicals: The S&P 500 looks to be hitting new resistance at 1,590 with 1,575 acting as resistance below that.
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7d679c6c-11ab-410c-a173-fef8614e2636
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726469.0
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2013-04-10 00:00:00 UTC
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DELL Downgraded to Strong Sell - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-downgraded-to-strong-sell-analyst-blog-2013-04-10
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nan
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nan
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On Apr 4, 2013, Zacks Investment Research downgraded Dell Inc. ( DELL ) to a Zacks Rank #5 (Strong Sell).
Why the Downgrade?
Dell has witnessed some downward estimate revisions after posting mediocre fourth-quarter 2013 results. The company had decided to go private to save itself from public and legal scrutiny which was affecting its profitability. Moreover, due to the impending recession in Europe, the company is not able to generate much business from that region.
On Feb 20, 2013, Dell reported weak fourth-quarter results with revenues and margins taking a big hit. Revenues across the entire business declined over the past year.
The major challenge at the moment is the cannibalization of its PC/notebook business. Moreover, the company is up against cutthroat competition from Hewlett-Packard ( HPQ ) and Apple Inc. ( AAPL ), as well as a restricted spending environment. The competition faced by the company in the SMB and server segments is also a concern.
Moreover, Dell's Small & Medium Business (SMB) has not been doing so well in the last few quarters. This segment was down 5.0% in the fourth quarter, mainly attributed to the reduction in the order renewal rate by the SMB client as economic conditions have prompted conservative spending by customers, so they are either deferring their purchases or looking for cheaper alternatives.
Although privatization might have helped Dell move away from public scrutiny, the go-shop period raised new problems for founder Michael Dell. It now appears that the privatization could be delayed because of the interest shown by other parties.
The Zacks Consensus Estimate for 2014 decreased 5.7% to $1.65 per share over the last 60 days. For 2013, most of the estimates were lowered in the last 60 days, which pulled down the Zacks Consensus Estimate by 5.7% to $1.57 per share. Over the last 90 days, estimates for 2014 and 2015 dropped 6.4% and 1.8%, respectively.
Dell operates in the IT industry and is a key player in the PC, server and mobile computing segment.
Other Stocks to Consider
Most of the computing stocks are placed as poorly as Dell. We however recommend Symantec Corp. ( SYMC ), which has a Zacks Rank #2 (Buy). Synopsys Inc. ( SNPS ), which carries a Zacks Rank #1 (Strong Buy) also looks attractive.
APPLE INC (AAPL): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
SYNOPSYS INC (SNPS): Free Stock Analysis Report
SYMANTEC CORP (SYMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Feb 20, 2013, Dell reported weak fourth-quarter results with revenues and margins taking a big hit. Dell operates in the IT industry and is a key player in the PC, server and mobile computing segment. On Apr 4, 2013, Zacks Investment Research downgraded Dell Inc. ( DELL ) to a Zacks Rank #5 (Strong Sell).
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On Apr 4, 2013, Zacks Investment Research downgraded Dell Inc. ( DELL ) to a Zacks Rank #5 (Strong Sell). APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. Dell has witnessed some downward estimate revisions after posting mediocre fourth-quarter 2013 results.
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On Apr 4, 2013, Zacks Investment Research downgraded Dell Inc. ( DELL ) to a Zacks Rank #5 (Strong Sell). Although privatization might have helped Dell move away from public scrutiny, the go-shop period raised new problems for founder Michael Dell. APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here.
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On Apr 4, 2013, Zacks Investment Research downgraded Dell Inc. ( DELL ) to a Zacks Rank #5 (Strong Sell). On Feb 20, 2013, Dell reported weak fourth-quarter results with revenues and margins taking a big hit. Dell has witnessed some downward estimate revisions after posting mediocre fourth-quarter 2013 results.
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d88271f3-f820-4f98-896c-073ba93c33f2
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726470.0
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2013-04-09 00:00:00 UTC
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Largest option buying in equities so far
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DELL
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https://www.nasdaq.com/articles/largest-option-buying-equities-so-far-2013-04-09
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nan
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nan
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Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
Dell (DELL): Some 32,750 January 2015 15 calls were bought for $0.59 and $0.63 as investors position for long-term gains in the share price. DELL rose 0.16 percent to $14.22.
Hologic (HOLX): Some 7,800 May 24 calls were bought for $0.15 to $0.20 as traders anticipate a rally by the middle of next month. HOLX fell 0.09 percent to $21.63.
Vale (VALE): A block of 6,000 June 18 puts was bought for $1.20 but volume was barely half open interest at the strike. VALE rose 4.34 percent to $18.16.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell (DELL): Some 32,750 January 2015 15 calls were bought for $0.59 and $0.63 as investors position for long-term gains in the share price. DELL rose 0.16 percent to $14.22. Nearing the halfway mark in today's session, here are the individual equity names with the most call and put buying on optionMONSTER's ActionTracker data system.
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DELL rose 0.16 percent to $14.22. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dell (DELL): Some 32,750 January 2015 15 calls were bought for $0.59 and $0.63 as investors position for long-term gains in the share price.
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Dell (DELL): Some 32,750 January 2015 15 calls were bought for $0.59 and $0.63 as investors position for long-term gains in the share price. DELL rose 0.16 percent to $14.22. Vale (VALE): A block of 6,000 June 18 puts was bought for $1.20 but volume was barely half open interest at the strike.
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DELL rose 0.16 percent to $14.22. Dell (DELL): Some 32,750 January 2015 15 calls were bought for $0.59 and $0.63 as investors position for long-term gains in the share price. HOLX fell 0.09 percent to $21.63.
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19215115-de14-4912-bc35-dac01f3502d9
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726471.0
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2013-04-09 00:00:00 UTC
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Dow Rallies to Another New High, While S&P 500 Falls Short
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DELL
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https://www.nasdaq.com/articles/dow-rallies-another-new-high-while-sp-500-falls-short-2013-04-09
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nan
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nan
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"All in all, it was a light news day. Alcoa ( AA ) kicked off earnings season, but didn't react much, as the stock closed flat," noted Schaeffer's Senior Technical Strategist Ryan Detrick, CMT. Still, the Dow Jones Industrial Average (DJI) notched another new record high in afternoon trading, while the S&P 500 Index (SPX) hit its highest point in more than five years. "Late-day buying is a pattern we've been seeing recently," Detrick said, "and that's a really good sign."
Continue reading for more on today's market, including :
eBay Inc ( EBAY ) options traders are cautiously optimistic ahead of next week's earnings report.
Are Dell ( DELL ) speculators hoping for a sweeter buyout bid ?
Bearish speculators expect short-term downside in Bank of America ( BAC ) shares.
plus...
Another record-setting day for the Dow, a controversial shift at J.C. Penney ( JCP ), and a number of bullish bets on General Motors (GM).
The Dow Jones Industrial Average hasn't had a three-day losing streak yet this year, and it wasn't going to start today. The blue-chip index muscled 60 points, or 0.4%, higher to close at 14,673.46 and hit a new all-time high of 14,716.46 in mid-afternoon action. Two-thirds of the Dow's 30 components, gained today, with Microsoft (MSFT) leading the pack, up 3.6%. AA was unchanged on the day, while Procter & Gamble (PG) paced the nine decliners, shedding 0.7%.
The S&P 500 Index (SPX) came within 3 points of its all-time intraday high of 1,576.09 and notched a new five-year high of 1,573.89 in the process. At the close, the SPX was up 5.5 points, or 0.4%, at 1,568.61. The Nasdaq Composite (COMP) kept pace with its index peers, adding 16 points, or 0.5%, to settle at 3,237.86.
The CBOE Market Volatility Index (VIX) started off in the black but saw any gains unravel during the afternoon. By the close, the VIX was off 0.4 point, or 2.7%, at 12.84.
A Trader's Take :
"What can you say," asked Detrick, "the market once again rallied and is sitting near all-time highs. One continued concern is that small-caps didn't participate in this move higher. Still, today marked the 13th-straight positive Tuesday for the Dow -- an all-time record. Also," he continued, "First Solar (FSLR) issued some very positive comments regarding earnings, sparking a huge rally in solar names. Some of this optimism translated to the overall market, as we again found some solid buying during the afternoon."
3 Things to Know About Today's Market :
The J.C. Penney Company ( JCP ) saga took an interesting turn today, as the retailer's board ousted Ron Johnson in the midst of his campaign to re-imagine the venerable brand. Former CEO Myron Ullman was brought back to lead the company, prompting some criticism and a more than 12% drop in the shares. (Forbes)
James Bullard, head of the St. Louis Federal Reserve, said he still believes the unemployment rate will drop to 7% by the end of 2013, despite the weak jobs numbers posted in March. Bullard, who is more of a hawk than some of his Fed brethren, reiterated that the central bank will "slowly" reduce its bond-buying efforts as signs of economic growth emerge. (Bloomberg)
Wholesale inventories dropped 0.3% in February, the Commerce Department reported, posting their largest decline in 18 months. Economists were expecting inventories to grow by 0.5% during the month. (Reuters)
5 Stocks We Were Watching Today :
Call buyers continued to swoop in on General Motors (GM).
Bullish Molycorp Inc (MCP) traders targeted short-term gains with weekly options.
Call buyers bet on a new all-time high for Wal-Mart Stores (WMT) shares.
As JCP headed "back to the future" by appointing its former CEO, one large-scale call-spread buyer ran for the exits .
Biogen Idec (BIIB) scored a price-target hike worth $35.
For a look at today's options movers and commodities activity, head to page 2.
Commodities :
Supply concerns and a falling dollar boosted oil today, ahead of tomorrow's weekly report on inventories. May crude futures closed at $94.20 per barrel, up 84 cents, or just under 0.9%.
Bargain hunters descended on gold, after the precious metal sank in four of the past five sessions. The buying demand lifted June-dated gold by $14.20, or 0.9%, to $1,586.70 per ounce. This was the highest close for gold since April 1.
At the end of every market day, the staff at Schaeffer's Investment Research reviews the trading day in detail, covering major events and key market developments. Don't miss this critical, timely and insightful report. If you enjoyed today's edition of Market Recap, sign up here for free daily delivery straight to your inbox.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Are Dell ( DELL ) speculators hoping for a sweeter buyout bid ? Alcoa ( AA ) kicked off earnings season, but didn't react much, as the stock closed flat," noted Schaeffer's Senior Technical Strategist Ryan Detrick, CMT. Still, the Dow Jones Industrial Average (DJI) notched another new record high in afternoon trading, while the S&P 500 Index (SPX) hit its highest point in more than five years.
|
Are Dell ( DELL ) speculators hoping for a sweeter buyout bid ? Still, the Dow Jones Industrial Average (DJI) notched another new record high in afternoon trading, while the S&P 500 Index (SPX) hit its highest point in more than five years. Continue reading for more on today's market, including : eBay Inc ( EBAY ) options traders are cautiously optimistic ahead of next week's earnings report.
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Are Dell ( DELL ) speculators hoping for a sweeter buyout bid ? Still, the Dow Jones Industrial Average (DJI) notched another new record high in afternoon trading, while the S&P 500 Index (SPX) hit its highest point in more than five years. Continue reading for more on today's market, including : eBay Inc ( EBAY ) options traders are cautiously optimistic ahead of next week's earnings report.
|
Are Dell ( DELL ) speculators hoping for a sweeter buyout bid ? "All in all, it was a light news day. The blue-chip index muscled 60 points, or 0.4%, higher to close at 14,673.46 and hit a new all-time high of 14,716.46 in mid-afternoon action.
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f16e8716-5277-4654-bcb2-67cfce4221b9
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726472.0
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2013-04-04 00:00:00 UTC
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Zacks Rank #5 Additions for Thursday - Tale of the Tape
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DELL
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https://www.nasdaq.com/articles/zacks-rank-5-additions-for-thursday-tale-of-the-tape-2013-04-04
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nan
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nan
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Here are 5 stocks added to the Zacks Rank #5 ("strong sell") List today:
ARMOUR Residential REIT, Inc. ( ARR )
Datang International Power Genera. (ADR) ( DIPGY )
Dell Inc. ( DELL )
DFC Global Corp. ( DLLR )
Grifols SA, Barcelona ( GRFS )
View the entire Zacks Rank #5 List .
ARMOUR RES REIT (ARR): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
DATANG INTL PWR (DIPGY): Get Free Report
DFC GLOBAL CORP (DLLR): Free Stock Analysis Report
GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(ADR) ( DIPGY ) Dell Inc. ( DELL ) DFC Global Corp. ( DLLR ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #5 List . ARMOUR RES REIT (ARR): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DATANG INTL PWR (DIPGY): Get Free Report DFC GLOBAL CORP (DLLR): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 ("strong sell") List today: ARMOUR Residential REIT, Inc. ( ARR ) Datang International Power Genera.
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(ADR) ( DIPGY ) Dell Inc. ( DELL ) DFC Global Corp. ( DLLR ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #5 List . ARMOUR RES REIT (ARR): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DATANG INTL PWR (DIPGY): Get Free Report DFC GLOBAL CORP (DLLR): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks Rank #5 ("strong sell") List today: ARMOUR Residential REIT, Inc. ( ARR ) Datang International Power Genera.
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ARMOUR RES REIT (ARR): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DATANG INTL PWR (DIPGY): Get Free Report DFC GLOBAL CORP (DLLR): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (ADR) ( DIPGY ) Dell Inc. ( DELL ) DFC Global Corp. ( DLLR ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #5 List .
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(ADR) ( DIPGY ) Dell Inc. ( DELL ) DFC Global Corp. ( DLLR ) Grifols SA, Barcelona ( GRFS ) View the entire Zacks Rank #5 List . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ARMOUR RES REIT (ARR): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DATANG INTL PWR (DIPGY): Get Free Report DFC GLOBAL CORP (DLLR): Free Stock Analysis Report GRIFOLS SA-ADR (GRFS): Free Stock Analysis Report To read this article on Zacks.com click here.
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2f9a0a7d-9a41-491b-bf06-073b5bbcb6fd
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726473.0
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2013-04-03 00:00:00 UTC
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Bull of the Day: Apollo Global (APO) - Bull of the Day
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DELL
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https://www.nasdaq.com/articles/bull-day-apollo-global-apo-bull-day-2013-04-03
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nan
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nan
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Ready to plunk down some money with a private equity firm? If you are an accredited high net worth investor with at least $1 million to risk with the firm on whatever their latest deal is, you have many quality outfits to choose from.
But if you're not in "the 1%," there is another path. Many private equity (PE) firms are also public companies, including Blackstone Group ( BX - Analyst Report ) and the infamous KKR. As an industry group, together with traditional investment management firms like BlackRock ( BLK - Analyst Report ) and Franklin Resources (BEN), the PE "alternative" asset managers currently rank in the top 10% of Zacks Industries.
Today we are going to focus on the remarkable Apollo Global Management, L.P. ( APO - Snapshot Report ) , a $3 billion company which grew its total assets under management (AUM) in 2012 from $75 billion to $113 billion.
What's so remarkable about Apollo? Three things stand out right away.
1) Earnings Surprise After Surprise
Apollo operates in three business segments: private equity, capital markets and real estate. It raises, invests and manages funds on behalf of pension and endowment funds, as well as other institutional and individual investors.
After a rough year following its March 2011 IPO, the firm started firing on all rockets, boosting fourth-quarter GAAP earnings an astronomical 1,564% higher than a year earlier. And this represented a 120% surprise over analyst expectations.
And it gets better: for the last four quarters, Apollo has beat consensus EPS estimates by an average of 99%. Granted, PE earnings can be volatile as big investments and turn-arounds can take many quarters to develop leaving dry patches in between.
But if it's one thing Apollo has shown consistently in the past year it is their ability to deliver new profits from their investing harvests as they continue to find attractive deal values. And this explains the 60% rise in share price in the past six months.
2) A Valuation to Envy
Below is a timeline of annual earnings estimates plotted against price since the firm's IPO. 2013 estimates are clearly going in the right direction -- up and to the right -- with first quarter results due next month lifted from $0.71 to $1.18 since their Q4 report in February.
Full year 2013 estimates got a lift to $3.22 from $2.85. And at Tuesday's close of $23.55, that puts Apollo trading below 8 times on a forward basis -- even after the incredible 60%+ rally. The slower rising slope of 2014 estimates is likely due to the perceived volatility of private equity earnings going out that far.
3) Moon-Shot Dividend
Apollo really likes giving cash to shareholders when the going is good. After their announced fourth quarter earnings, the company boosted its quarterly dividend 162% to $1.05 per share. While Apollo's dividend varies every quarter based on earnings, if it maintains its $1.05 distribution, then it would have an effective dividend yield of 19%, way above the industry norm.
For PE and other alternative asset management firms, it's all about raising and deploying capital in diverse markets. Apollo also specializes in distressed debt and recently launched a $300 million partnership to invest in coal mining properties.
Keeping the "alt" in alternative investments helps them generate returns outside of traditional LBO deals which are becoming more competitive (think DELL).
Besides intense competition for deals, another factor pushing up deal values lately has been persistently low interest rates. Speaking at the SuperReturn conference in Berlin recently, Apollo CEO Leon Black said the average price for private equity deals in the U.S. is 9 times EBITDA.
One of the major assumptions resulting from such high valuations is that interest rates will continue to be soft over the next five years, he said. However, Apollo has managed to strike deals at lower valuations, around 6 times EBITDA.
This has primarily happened by acquiring corporate "hive-offs" or businesses being offered for sale by a parent company, like the company's recent purchase of McGraw-Hill's education segment.
Alternatives to Cash are King
Another factor pushing up the cost of deals is that private equity companies are flush with funds. According to research firm Preqin, private equity buyout funds focusing on North America collectively held idle capital to the tune of $189.4 billion as of Jan 2013.
This is just 12% lower than the amount in December 2011. So, a large volume of capital has piled up, which private equity either has to utilize optimally or return to investors. Right now, Apollo is choosing to hang on to their war chest and reward shareholders with a chunky dividend.
This appears to display management's continued confidence in their ability to find good deals around the world while money is cheap. One might wonder if all this cash forces PE firms to the edge of the risk envelope.
Since the headier days of LBO transactions, fund managers today are now seeking out companies with a high intrinsic value, before even attempting to turn them around. Such a strategy is aimed at launching a second IPO, the most lucrative outcome of a private equity deal.
Therefore, deals are evaluated with an increasing focus on operational feasibility. This is why propositions such as Best Buy are viewed with skepticism by fund managers. The major concern in this case is that the company operates in a dying industry and a turnaround would be highly risky.
It's not that the entire industry has reoriented itself towards a low risk, conservative approach. Speaking at the SuperReturn conference, Howard Marks, Chairman of Oaktree Capital, said the slow recovery in both Europe and the U.S. has meant investors are moving towards riskier propositions in the quest for higher returns. Marks said the ratio of debt on leveraged buyouts is moving back up towards "pre-crisis highs."
So where does that leave the self-directed investor seeking diversification and yield?
Given the optimism among analysts for the coming quarters -- which gave Apollo a Zacks #1 Rank -- plus the company's valuation and stellar dividend, investors interested in a managed approach to the risky world of private equity should have APO on their buy list for Q2.
Kevin Cook is a Senior Stock Strategist withZacks.com
APOLLO GLOBAL-A (APO): Free Stock Analysis Report
BLACKROCK INC (BLK): Free Stock Analysis Report
BLACKSTONE GRP (BX): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
KKR & CO LP (KKR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Keeping the "alt" in alternative investments helps them generate returns outside of traditional LBO deals which are becoming more competitive (think DELL). Kevin Cook is a Senior Stock Strategist withZacks.com APOLLO GLOBAL-A (APO): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report KKR & CO LP (KKR): Free Stock Analysis Report To read this article on Zacks.com click here. According to research firm Preqin, private equity buyout funds focusing on North America collectively held idle capital to the tune of $189.4 billion as of Jan 2013.
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Kevin Cook is a Senior Stock Strategist withZacks.com APOLLO GLOBAL-A (APO): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report KKR & CO LP (KKR): Free Stock Analysis Report To read this article on Zacks.com click here. Keeping the "alt" in alternative investments helps them generate returns outside of traditional LBO deals which are becoming more competitive (think DELL). 1) Earnings Surprise After Surprise Apollo operates in three business segments: private equity, capital markets and real estate.
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Kevin Cook is a Senior Stock Strategist withZacks.com APOLLO GLOBAL-A (APO): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report KKR & CO LP (KKR): Free Stock Analysis Report To read this article on Zacks.com click here. Keeping the "alt" in alternative investments helps them generate returns outside of traditional LBO deals which are becoming more competitive (think DELL). As an industry group, together with traditional investment management firms like BlackRock ( BLK - Analyst Report ) and Franklin Resources (BEN), the PE "alternative" asset managers currently rank in the top 10% of Zacks Industries.
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Keeping the "alt" in alternative investments helps them generate returns outside of traditional LBO deals which are becoming more competitive (think DELL). Kevin Cook is a Senior Stock Strategist withZacks.com APOLLO GLOBAL-A (APO): Free Stock Analysis Report BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report KKR & CO LP (KKR): Free Stock Analysis Report To read this article on Zacks.com click here. 1) Earnings Surprise After Surprise Apollo operates in three business segments: private equity, capital markets and real estate.
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9d833c8d-aa11-427c-a880-3c7eb5965938
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726474.0
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2013-04-02 00:00:00 UTC
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Benzinga Market Primer: Tuesday, April 2
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DELL
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https://www.nasdaq.com/articles/benzinga-market-primer-tuesday-april-2-2013-04-02
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nan
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nan
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Futures Rise Reversing Monday Declines
U.S. equity futures rose in early pre-market trade despite some worrisome economic data being released overnight globally. The Eurozone Unemployment Rate rose to a record 12 percent in March, in line with estimates but actually showing smaller than expected gains in Spain and Italy.
Top News
In other news around the markets:
The Eurozone Manufacturing PMI rose to 46.8 in March from 46.6 in February, beating expectations of a reading of 46.6. Notably, Germany's manufacturing sector swung to a contraction in March from expansion previously and the Italian and Spanish PMI's were extremely weak. The Reserve Bank of Australia left rates unchanged overnight noting that inflation was running near trend despite growth running slightly below trend. The RBA Board noted that the current policy stance left open the chance of further easing but only if demand weakened further. Bank of Japan Governor Kuroda spoke overnight saying that the BoJ is looking at buying longer dated government bonds as part of its efforts, however he noted that reflation efforts will take time as wage gains tend to lag broad price inflation. S&P 500 futures rose 4.7 points to 1,560.80. The EUR/USD was lower at 1.2838. Spanish 10-year government bond yields fell to 5.04 percent from 5.06 percent. Italian 10-year government bond yields fell to 4.71 percent from 4.76 percent. Gold declined 0.14 percent to $1,599.20 per ounce.
Asian Markets
Asian shares were mixed overnight as Japanese shares declined sharply for the second consecutive day on weak economic data and fears that easing efforts are failing. The Japanese Nikkei Index fell 1.08 percent and the Shanghai Composite Index declined 0.3 percent while the Hang Seng Index gained 0.31 percent. Also, the Korean Kospi fell 0.49 percent and Australian shares rose 0.38 percent.
European Markets
European shares were mostly higher overnight despite unemployment across the eurozone hitting a new record high as manufacturing PMI's were slightly better than expected in most countries. The Spanish Ibex Index was flat in early trade while the Italian FTSE MIB Index fell 0.43 percent. Meanwhile, the German DAX gained 0.69 percent and the French CAC rose 0.65 percent and U.K. shares rose 0.9 percent.
Commodities
Commodities were mixed overnight as oil gained and gold declined. WTI Crude futures rose 0.01 percent to $97.06 per barrel and Brent Crude futures gained 0.24 percent to $111.31 per barrel. Copper futures rose slightly overnight on not as dovish comments from the RBA Board as the previous statement. Gold was lower and silver futures rose 0.06 percent to $27.96 per ounce.
Currencies
Currency markets were rather quiet overnight as major pairs were relatively unchanged as the Australian dollar was the notable out-performer. The EUR/USD was lower at 1.2838 and the dollar fell against the yen to 93.27. Overall, the Dollar Index rose 0.03 percent on strength against the pound and the euro despite weakness against the yen and the Canadian dollar. The Australian dollar was stronger overnight, gaining 0.34 percent against the greenback and 0.37 percent against the yen.
Pre-Market Movers
Stocks moving in the pre-market included:
Humana (NYSE: HUM ) shares rose 11.64 percent pre-market as insurers won a 3.3 percent rate increase in Medicare Advantage payments. Hewlett-Packard (NYSE: HPQ ) shares declined 4.29 percent pre-market on fears that a new push into the server space is too late. Bank of America (NYSE: BAC ) shares rose 0.41 percent pre-market the company is set to continue to benefit from foreign tax credits as it restructures its international operations. Dell (NASDAQ: DELL ) shares rose 0.14 percent pre-market, continuing recent gains, as Michael Dell supported a competing bid from the Blackstone Group (NYSE: BX ) and warned on the risk of the company remaining public during its restructuring.
Earnings
Notable companies expected to report earnings Tuesday include:
Global Payments Inc. (NYSE: GPN ) is expected to report third quarter EPS of $0.89 vs. $0.83 a year ago. McCormick and Company (NYSE: MKC ) is expected to report first quarter EPS of $0.56 vs. $0.55 a year ago.
Economics
On the economics calendar Tuesday, motor vehicle sales will be released throughout the day following the Redbook and chain store sales. Also, factory orders are expected to be released and Fed Presidents Naryana Kocherlakota and Charles Evans are set to speak. In addition, the Treasury is set to auction 4- and 52-week bills. Overnight, the British construction PMI is expected to be released and could move markets.
Good luck and good trading.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell (NASDAQ: DELL ) shares rose 0.14 percent pre-market, continuing recent gains, as Michael Dell supported a competing bid from the Blackstone Group (NYSE: BX ) and warned on the risk of the company remaining public during its restructuring. The Eurozone Unemployment Rate rose to a record 12 percent in March, in line with estimates but actually showing smaller than expected gains in Spain and Italy. Notably, Germany's manufacturing sector swung to a contraction in March from expansion previously and the Italian and Spanish PMI's were extremely weak.
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Dell (NASDAQ: DELL ) shares rose 0.14 percent pre-market, continuing recent gains, as Michael Dell supported a competing bid from the Blackstone Group (NYSE: BX ) and warned on the risk of the company remaining public during its restructuring. The Reserve Bank of Australia left rates unchanged overnight noting that inflation was running near trend despite growth running slightly below trend. Earnings Notable companies expected to report earnings Tuesday include: Global Payments Inc. (NYSE: GPN ) is expected to report third quarter EPS of $0.89 vs. $0.83 a year ago.
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Dell (NASDAQ: DELL ) shares rose 0.14 percent pre-market, continuing recent gains, as Michael Dell supported a competing bid from the Blackstone Group (NYSE: BX ) and warned on the risk of the company remaining public during its restructuring. The Japanese Nikkei Index fell 1.08 percent and the Shanghai Composite Index declined 0.3 percent while the Hang Seng Index gained 0.31 percent. Meanwhile, the German DAX gained 0.69 percent and the French CAC rose 0.65 percent and U.K. shares rose 0.9 percent.
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Dell (NASDAQ: DELL ) shares rose 0.14 percent pre-market, continuing recent gains, as Michael Dell supported a competing bid from the Blackstone Group (NYSE: BX ) and warned on the risk of the company remaining public during its restructuring. Futures Rise Reversing Monday Declines U.S. equity futures rose in early pre-market trade despite some worrisome economic data being released overnight globally. Gold was lower and silver futures rose 0.06 percent to $27.96 per ounce.
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10460b82-685f-436a-8c2c-f8d45348dbc5
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726475.0
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2013-03-31 00:00:00 UTC
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How Faithful Are You?
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DELL
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https://www.nasdaq.com/articles/how-faithful-are-you-2013-03-31
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nan
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nan
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Checklists are an important tool for value investors. They protect us against our inherent mental shortcuts/biases and a need to "jump to conclusions." They also make sure that we have thought about a pre-decided set of downsides and are not fitting the data to derive a particular conclusion. This last point is best explained by a story.
It is also important that the checklist is brief and to the point. A long-winded checklist resists thorough testing, and many significant details may be ignored at the expense of some minute and significantly less important facts. Hence, I made a very small checklist of things I want to have before I consider buying a company. The list is an amalgamation of several value investors philosophy ( Warren Buffett and Martin Whitman among them):
- A business that I understand.
- A good and strong balance sheet.
- Run by able and reasonably honest management.
- A business with competitive advantage.
- Margin of safety or selling at a discount.
With such a simple set of rules one would think that I will be able to follow them. But a majority of the stocks I hold do not satisfy at least one of these qualities. Before going any further let me rate my top five holdings based on these checklist items. Each item (except Moat) may get one of five values: Exemplary, Fair, Moderate, Poor, Disastrous. Also, the margin of safety is rated according to the price I paid, and not the current price.
Roche fails the financial strength test and this is one of the most important rules on the checklist. When I bought Roche it had an SFR 36 bn in debt as opposed to an SFR 7.3 bn in equity.
ArcelorMittal is in a commodity business with no moat. Its debt is rated junk and the amount of my understanding of Iron and Steel consumption and demand is flimsy at best.
France Telecom does not have a great management and for some reason they are expanding in Africa for their growth. I do not doubt that Africa may offer huge growth potential but the income per customer there will be even worse than the income per customer in India - which Vodafone found out the hard way.
At this point I find myself quite divided. I understand that I should be able to eliminate at least a few of my holdings by testing them against each item in my checklist - in a emotionless way. But I am unable to do so. Then I get down to the individual companies I find that I have reasons for not selling - and good reasons. So I end up taking a walk and the cycle repeats.
I will be happy to hear suggestions.
Read More:
Warren Buffett
Martin Whitman
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The list is an amalgamation of several value investors philosophy ( Warren Buffett and Martin Whitman among them): - A business that I understand. Its debt is rated junk and the amount of my understanding of Iron and Steel consumption and demand is flimsy at best. Read More: Warren Buffett Martin Whitman About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Read More: Warren Buffett Martin Whitman About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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It is also important that the checklist is brief and to the point. I understand that I should be able to eliminate at least a few of my holdings by testing them against each item in my checklist - in a emotionless way. Read More: Warren Buffett Martin Whitman About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors.
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Checklists are an important tool for value investors. It is also important that the checklist is brief and to the point. Then I get down to the individual companies I find that I have reasons for not selling - and good reasons.
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270394d7-0249-4dcf-80cf-a51aea7c7cfc
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726476.0
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2013-03-28 00:00:00 UTC
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Everybody Knew the Tablet Market was Growing, But Nobody Expected This
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DELL
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https://www.nasdaq.com/articles/everybody-knew-tablet-market-was-growing-nobody-expected-2013-03-28
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nan
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nan
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The tablet market is getting bigger. Everybody knows that but when IDC released its 2012 report , nobody thought that it would report results like these.
According to the report, tablet shipments grew 78.4 percent year over year in 2012 representing more than 128 million tablets shipped. This year tablet shipments are projected to overtake desktops and in 2014, they'll be bigger than the laptop market.
According to the report, tablets should capture 16 percent of the smart device market by 2017-up 50 percent from the 2012 level of 10.7 percent. That represents total revenue of $814 billion with 83 percent of the market comprised of tablets and smartphones-up from 2012 levels of 70.8 percent.
If you thought that was impressive, the report projects that the smart device market will grow 174 percent between 2012 and 2017. All of this at the expense of the PC which will slide from a 12.4 percent market share last year to 6 percent in 2017.
But your laptop isn't going to go the way of the desktop PC, will it? IDC believes that its market share will drop from 16.8 percent to 11 percent in 2017.
Bob O'Donnell, IDC Program Vice President for Clients and Displays, says, "Consumers and business buyers are now starting to see smartphones, tablets, and PCs as a single continuum of connected devices separated primarily by screen size."
And what about the Samsung versus Apple (NASDAQ: AAPL ) battle? IDC reports that Apple gained ground on rival Samsung taking 20.3 percent unit shipment share versus Samsung's 21.2 percent. In terms of revenue, Apple had a 30.7 share while Samsung had 20.4 percent.
What does all of this mean for the PC market? It's not good news for companies like Hewlett-Packard (NYSE: HPQ ). Microsoft (NASDAQ: MSFT ) wants to believe that it's transforming into a company ready to capitalize on the mobile market, but so far there's very little evidence of that. Its Surface Tablet, Windows phones, and Windows 8 operating system aren't making significant inroads making the company ask what's next.
Of course Dell (NASDAQ: DELL ) won't be publishing the study results on its website any time soon but if there's any good news, Dell is likely to die off in the hands of Blackstone (NYSE: BX ), far away from retail investors if the PC does die off.
But this report is great news for other tech titans.
Despite ACI Research CEO Edward Zabitsky reiterating his $274 price target on Apple this week, the other 45 analysts are more confident in the company's ability to continue being a leader in the space.
Other companies feeling good about the IDC report include AT&T (NYSE: T ), Verizon (NYSE: VZ ), Google (NASDAQ: GOOG ), Intel (NASDAQ: INTC ), cell tower stocks like American Tower (NYSE: AMT ), and companies like Facebook (NASDAQ: FB ) that are quickly learning how to monetize mobile.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Profit with More New & Research . Gain access to a streaming platform with all the information you need to invest better today. Click here to start your 14 Day Trial of Benzinga Professional
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Of course Dell (NASDAQ: DELL ) won't be publishing the study results on its website any time soon but if there's any good news, Dell is likely to die off in the hands of Blackstone (NYSE: BX ), far away from retail investors if the PC does die off. Bob O'Donnell, IDC Program Vice President for Clients and Displays, says, "Consumers and business buyers are now starting to see smartphones, tablets, and PCs as a single continuum of connected devices separated primarily by screen size." Microsoft (NASDAQ: MSFT ) wants to believe that it's transforming into a company ready to capitalize on the mobile market, but so far there's very little evidence of that.
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Of course Dell (NASDAQ: DELL ) won't be publishing the study results on its website any time soon but if there's any good news, Dell is likely to die off in the hands of Blackstone (NYSE: BX ), far away from retail investors if the PC does die off. According to the report, tablets should capture 16 percent of the smart device market by 2017-up 50 percent from the 2012 level of 10.7 percent. IDC reports that Apple gained ground on rival Samsung taking 20.3 percent unit shipment share versus Samsung's 21.2 percent.
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Of course Dell (NASDAQ: DELL ) won't be publishing the study results on its website any time soon but if there's any good news, Dell is likely to die off in the hands of Blackstone (NYSE: BX ), far away from retail investors if the PC does die off. According to the report, tablets should capture 16 percent of the smart device market by 2017-up 50 percent from the 2012 level of 10.7 percent. IDC reports that Apple gained ground on rival Samsung taking 20.3 percent unit shipment share versus Samsung's 21.2 percent.
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Of course Dell (NASDAQ: DELL ) won't be publishing the study results on its website any time soon but if there's any good news, Dell is likely to die off in the hands of Blackstone (NYSE: BX ), far away from retail investors if the PC does die off. According to the report, tablets should capture 16 percent of the smart device market by 2017-up 50 percent from the 2012 level of 10.7 percent. All of this at the expense of the PC which will slide from a 12.4 percent market share last year to 6 percent in 2017.
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a153a44b-61eb-4961-a5fb-984c293994ac
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726477.0
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2013-03-28 00:00:00 UTC
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Why BlackRock, Other Asset Manager Stocks Have Jumped
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DELL
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https://www.nasdaq.com/articles/why-blackrock-other-asset-manager-stocks-have-jumped-2013-03-28
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nan
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nan
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You wouldn't imagine that the biggest company in its field, with solid financials and its stock up 61% in 10 months, would be thinking about layoffs.
Nonetheless, that's the strategy atBlackRock ( BLK ), the world's largest asset manager. On March 19, the company said that over the next few months it would cut loose 300 employees -- about 2% of its global workforce -- including its entire private-equity team.
"We had a very strong direct private-equity team, but given our clients are looking to us for (other solutions), we are going to transition out of the direct PE business," BlackRock spokesman Brian Beades told Bloomberg at the time.
BlackRock's new longer-term focus: boost organic growth by targeting retail investors -- that is, ordinary middle-income folks. BlackRock's management has described this market as "underpenetrated," and thus a prime target for growth. But in order to attract cost-conscious investors, the company needs to be able to offer lower fees. To achieve that, it must lower operating costs.
Some of the hottest stocks in IBD's Finance-Investment Management group are focused on retail investors. The group ranked a strong No. 20 on Thursday, and it's ranked in the top 50 among the 197 industries tracked by IBD through most of this year.
The small but fast-growingFinancial Engines ( FNGN ) is another group member that targets retail investors. It shares are up more than 30% so far this year. Private equity still pulls its weight in the group, making big deals, such asBlackstone's ( BX ) current embroilment in the bidding war for ailing computer giantDell ( DELL ).
Active Vs. Passive
Investment managers invest other people's money for a fee. The more money they manage, the more they potentially earn. Hence a key metric for this group is assets under management, or AUM. BlackRock leads the way with $3.8 trillion in AUM, which it attained partly through two major acquisitions in the last decade: Merrill Lynch Investment Managers in 2006 and Barclays Global Investors in 2009. These buyouts not only enlarged the company but brought more equity exposure to a firm that had previously focused on fixed-income strategies.
Other leading companies in the group include some of the best-known names in investing, such asT. Rowe Price ( TROW ) (up 15% YTD) andFranklin Resources (BEN) (up 19%). These are generally called traditional asset managers, focused on putting clients' money in places where they can get a dependable return on investment. Those "places" include passive investments, such as index funds and exchange-traded funds, and active investments that involve active trading of stocks and bonds in anticipation of market moves.
The last decade has also seen the IPOs of several major alternative asset managers, who play riskier strategies such as buying up flagging companies and other distressed assets and turning them around for a profit. These are the private-equity giants such as Blackstone,Apollo Global Management (APO) andKKR (KKR). Private equity gained wide attention last year when one of their own, Bain Capital co-founder Mitt Romney, ran for president.
Private-equity investors buy companies -- often large and respected but financially stagnant -- through debt-based purchases called leveraged buyouts. Though they typically crank up the companies' operating efficiency they often sell them off heavily indebted, while taking a considerable profit for themselves.
None of the public private-equity companies do that as their only business, however. In fact, last year Apollo, perhaps the most focused on distressed assets of any company on the market, acquired Stone Tower Partners, making its AUM invested in capital markets larger than its AUM devoted to private equity. Blackstone has lately been talking up its real-estate division; it also makes substantial revenue from financial advisory and credit operations.
With so many opportunities and dangers around the world, it's best for a company to be playing a lot of fields at once, says Morningstar analyst Greggory Warren. "We continue to prefer the more broadly diversified asset managers, especially those that can offer a mix of active and passive strategies, strong equity and fixed-income franchises, and exposure to both domestic and international markets," he wrote in a March 5 report on the group.
Tracking Retail Investors
Retail investors comprise one of three basic client groups for investment managers, the other two being institutions and high-net-worth individuals. As BlackRock's management noted, the latter two groups invest far more assets than the regular folks. But analyst Michael Kim of Sandler O'Neill says interest in capturing the retail market is rising as some of the traditional institutions are under pressure.
"One of the biggest areas of growth for (alternative asset managers) had been traditional pension plans and defined-benefit plans," Kim told IBD. "Those are in a secular decline as defined benefit transitions to defined contribution, which is a much more individual-led platform."
Investment managers are generally slaves to economic cycles, which affect both the quantity of assets flowing in from clients and the return they can get on their investments, especially if they're highly exposed to equities. Analysts say the strength of the equity markets is one major reason the industry group has been doing well lately, along with optimism about recovery in real estate.
Retail investors generally change their habits more quickly as the economy turns, since institutions and wealthy individuals are more long-term investors. During the Great Recession and its aftermath, assets moved disproportionately to fixed-income plays, which is typical in conservative times. This year so far has shown increased inflows to equity, although analysts say it's hardly an aggressive environment as of yet.
Passively managed U.S. and international stock funds are capturing almost all of the money flowing into equities, Morningstar's Warren wrote in an email to IBD. Fixed income continues to reign as the asset class of choice for risk-averse investors.
That is why, he said, "it has been the more broadly diversified asset managers, especially those with solid equity and fixed-income franchises, exchange-traded fund (ETF) platforms, and the ability to offer exposure to international markets that have held the strongest hand in asset gathering."
Analyst Jeffrey Hopson of Stifel Nicolaus says private equity is also in slow-build mode, making some big deals but playing more cautiously than during the pre-recession binge.
"Private-equity companies still have a lot of dry powder -- capital they've raised in the last one to four years," Hopson said. "They're not raising as much capital, because they still have capital they're putting to work, and investors are waiting till they get returns from some of the capital they've contributed a few years ago."
Ear To The Ground
The analysts IBD spoke with expressed cautious optimism about asset managers' outlook over the next year. Warren sounded the most doubtful about the rotation to equity investments, saying this year's bump followed a late-2012 sell-off as investors feared an increase in the capital-gains tax. "We continue to be cautious on the equity-heavy names on our list -- likeJanus Capital Group (JNS) andGamco Investors (GBL) -- which have not had the best track record when it comes to asset gathering, relying almost entirely on market gains to lift their AUM levels," he told IBD.
Kim said he still favors the alternative asset managers, given how much capital they've got in the bank. "We're still very early in the whole realization cycle," he said.
Upside: A stable economy could help investors open up their wallets to higher-returning investments, especially on the retail side.
Risks: Economic stability has been hard to come by lately, especially on the global level. "Certainly as these things come up in Europe, to the extent they are material -- more material than Cyprus -- those would be the biggest risks," Stifel Nicolaus' Hopson said.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Private equity still pulls its weight in the group, making big deals, such asBlackstone's ( BX ) current embroilment in the bidding war for ailing computer giantDell ( DELL ). "We continue to prefer the more broadly diversified asset managers, especially those that can offer a mix of active and passive strategies, strong equity and fixed-income franchises, and exposure to both domestic and international markets," he wrote in a March 5 report on the group. "We continue to be cautious on the equity-heavy names on our list -- likeJanus Capital Group (JNS) andGamco Investors (GBL) -- which have not had the best track record when it comes to asset gathering, relying almost entirely on market gains to lift their AUM levels," he told IBD.
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Private equity still pulls its weight in the group, making big deals, such asBlackstone's ( BX ) current embroilment in the bidding war for ailing computer giantDell ( DELL ). These are generally called traditional asset managers, focused on putting clients' money in places where they can get a dependable return on investment. "One of the biggest areas of growth for (alternative asset managers) had been traditional pension plans and defined-benefit plans," Kim told IBD.
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Private equity still pulls its weight in the group, making big deals, such asBlackstone's ( BX ) current embroilment in the bidding war for ailing computer giantDell ( DELL ). In fact, last year Apollo, perhaps the most focused on distressed assets of any company on the market, acquired Stone Tower Partners, making its AUM invested in capital markets larger than its AUM devoted to private equity. "We continue to prefer the more broadly diversified asset managers, especially those that can offer a mix of active and passive strategies, strong equity and fixed-income franchises, and exposure to both domestic and international markets," he wrote in a March 5 report on the group.
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Private equity still pulls its weight in the group, making big deals, such asBlackstone's ( BX ) current embroilment in the bidding war for ailing computer giantDell ( DELL ). None of the public private-equity companies do that as their only business, however. Tracking Retail Investors Retail investors comprise one of three basic client groups for investment managers, the other two being institutions and high-net-worth individuals.
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2da44d27-84ab-4459-96eb-8f9b1269662b
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726478.0
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2013-03-26 00:00:00 UTC
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Company News for March 26, 2013 - Corporate Summary
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DELL
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https://www.nasdaq.com/articles/company-news-for-march-26-2013-corporate-summary-2013-03-26
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nan
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nan
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• Shares of Best Buy Co., Inc. (NYSE: BBY ) gained 1.8% after the company announced that its founder Richard Schulze has returned as Chairman Emeritus. Moreover, he has nominated Brad Anderson and Al Lenzmeier to the company's Board of Directors
• Dell Inc. (NASDAQ: DELL ) surged 2.6% after the company reported that an alternative proposal for its buyout has been received from activist investor Carl Icahn and The Blackstone Group L.P. (NYSE: BX ). The offer price they propose is higher than the price offered by Michael Dell and Silver Lake Partners
• Dollar General Corp. (NYSE: DG ) posted fourth quarter earnings per share of $0.97, surpassing the Zacks Consensus Estimate of $0.90
• JA Solar Holdings Co., Ltd. (NASDAQ: JASO ) reported a fourth quarter loss per share of $2.65, wider than the Zacks Consensus Estimate of a loss of $1.30
BEST BUY (BBY): Free Stock Analysis Report
BLACKSTONE GRP (BX): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
DOLLAR GENERAL (DG): Free Stock Analysis Report
JA SOLAR HOLDGS (JASO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Moreover, he has nominated Brad Anderson and Al Lenzmeier to the company's Board of Directors • Dell Inc. (NASDAQ: DELL ) surged 2.6% after the company reported that an alternative proposal for its buyout has been received from activist investor Carl Icahn and The Blackstone Group L.P. (NYSE: BX ). The offer price they propose is higher than the price offered by Michael Dell and Silver Lake Partners • Dollar General Corp. (NYSE: DG ) posted fourth quarter earnings per share of $0.97, surpassing the Zacks Consensus Estimate of $0.90 • JA Solar Holdings Co., Ltd. (NASDAQ: JASO ) reported a fourth quarter loss per share of $2.65, wider than the Zacks Consensus Estimate of a loss of $1.30 BEST BUY (BBY): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report JA SOLAR HOLDGS (JASO): Free Stock Analysis Report To read this article on Zacks.com click here. • Shares of Best Buy Co., Inc. (NYSE: BBY ) gained 1.8% after the company announced that its founder Richard Schulze has returned as Chairman Emeritus.
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The offer price they propose is higher than the price offered by Michael Dell and Silver Lake Partners • Dollar General Corp. (NYSE: DG ) posted fourth quarter earnings per share of $0.97, surpassing the Zacks Consensus Estimate of $0.90 • JA Solar Holdings Co., Ltd. (NASDAQ: JASO ) reported a fourth quarter loss per share of $2.65, wider than the Zacks Consensus Estimate of a loss of $1.30 BEST BUY (BBY): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report JA SOLAR HOLDGS (JASO): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, he has nominated Brad Anderson and Al Lenzmeier to the company's Board of Directors • Dell Inc. (NASDAQ: DELL ) surged 2.6% after the company reported that an alternative proposal for its buyout has been received from activist investor Carl Icahn and The Blackstone Group L.P. (NYSE: BX ). Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The offer price they propose is higher than the price offered by Michael Dell and Silver Lake Partners • Dollar General Corp. (NYSE: DG ) posted fourth quarter earnings per share of $0.97, surpassing the Zacks Consensus Estimate of $0.90 • JA Solar Holdings Co., Ltd. (NASDAQ: JASO ) reported a fourth quarter loss per share of $2.65, wider than the Zacks Consensus Estimate of a loss of $1.30 BEST BUY (BBY): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report JA SOLAR HOLDGS (JASO): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, he has nominated Brad Anderson and Al Lenzmeier to the company's Board of Directors • Dell Inc. (NASDAQ: DELL ) surged 2.6% after the company reported that an alternative proposal for its buyout has been received from activist investor Carl Icahn and The Blackstone Group L.P. (NYSE: BX ). Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Moreover, he has nominated Brad Anderson and Al Lenzmeier to the company's Board of Directors • Dell Inc. (NASDAQ: DELL ) surged 2.6% after the company reported that an alternative proposal for its buyout has been received from activist investor Carl Icahn and The Blackstone Group L.P. (NYSE: BX ). The offer price they propose is higher than the price offered by Michael Dell and Silver Lake Partners • Dollar General Corp. (NYSE: DG ) posted fourth quarter earnings per share of $0.97, surpassing the Zacks Consensus Estimate of $0.90 • JA Solar Holdings Co., Ltd. (NASDAQ: JASO ) reported a fourth quarter loss per share of $2.65, wider than the Zacks Consensus Estimate of a loss of $1.30 BEST BUY (BBY): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report JA SOLAR HOLDGS (JASO): Free Stock Analysis Report To read this article on Zacks.com click here. • Shares of Best Buy Co., Inc. (NYSE: BBY ) gained 1.8% after the company announced that its founder Richard Schulze has returned as Chairman Emeritus.
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a290c777-772d-4b7d-a7c5-faab3d299346
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726479.0
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2013-03-26 00:00:00 UTC
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Dell Receives Another Stake Offer - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-receives-another-stake-offer-analyst-blog-2013-03-26
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nan
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nan
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A special committee formed by Dell Inc. ( DELL ) recently announced that a "go shop" period has been awarded due to the merger agreement between Dell and entities owned by Michael Dell. Two proposals were submitted to the special committee, one by fund manager Blackstone Group ( BX ) and the other by entities of activist investor Carl Icahn. The shares of Dell responded positively and have moved up.
The Special committee comprises four independent directors. After detailed discussions with independent financial and legal advisors, the committee concluded that both proposals had the credibility to result in deals in accordance with the terms of the existing merger agreement.
Michael Dell's $24.4 billion takeover bid is now in jeopardy because of the higher prices being offered by the prominent investors. Billionaire Carl Icahn is ready to form an alliance with Blackstone Group LP in order to take control of this leading computer maker away from its founder.
Icahn has reached a conclusion after completing its discussion with Blackstone, after the bids have come from the other parties in the deal, to put some amount on the table from Michael Dell and private equity firm Silver Lake Partners LP. This new joint bid offers much more return to the shareholders. The new bids are far better for shareholders compared to the offer made previously.
The inclusion of the third party has been approved and materialized by the special committee. The success of the company's go-shop process has yielded two alternative proposals, which have the potential to create additional value for Dell's shareholders.
Although privatization might have helped Dell move away from public scrutiny, the go-shop period has raised new problems for founder Michael Dell. It now appears that privatization could take some time because of the interest generated by outside parties.
This apart, the ever-increasing competition from companies such as Lenovo, Asustek, Apple Inc . ( AAPL ), IBM ( IBM ), Hewlett-Packard ( HPQ ), and Cisco Systems ( CSCO ) has restricted Dell's growth prospects. These players are growing at a faster rate than Dell, even in the emerging markets. We are also concerned about the conservative tech spending, continued weakness in the PC market in 2013, declining revenues and competition from its peers.
Currently, Dell has a Zacks Rank #3 (Hold).
APPLE INC (AAPL): Free Stock Analysis Report
BLACKSTONE GRP (BX): Free Stock Analysis Report
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Icahn has reached a conclusion after completing its discussion with Blackstone, after the bids have come from the other parties in the deal, to put some amount on the table from Michael Dell and private equity firm Silver Lake Partners LP. A special committee formed by Dell Inc. ( DELL ) recently announced that a "go shop" period has been awarded due to the merger agreement between Dell and entities owned by Michael Dell. The shares of Dell responded positively and have moved up.
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A special committee formed by Dell Inc. ( DELL ) recently announced that a "go shop" period has been awarded due to the merger agreement between Dell and entities owned by Michael Dell. ( AAPL ), IBM ( IBM ), Hewlett-Packard ( HPQ ), and Cisco Systems ( CSCO ) has restricted Dell's growth prospects. APPLE INC (AAPL): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here.
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A special committee formed by Dell Inc. ( DELL ) recently announced that a "go shop" period has been awarded due to the merger agreement between Dell and entities owned by Michael Dell. Icahn has reached a conclusion after completing its discussion with Blackstone, after the bids have come from the other parties in the deal, to put some amount on the table from Michael Dell and private equity firm Silver Lake Partners LP. APPLE INC (AAPL): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here.
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A special committee formed by Dell Inc. ( DELL ) recently announced that a "go shop" period has been awarded due to the merger agreement between Dell and entities owned by Michael Dell. The shares of Dell responded positively and have moved up. Michael Dell's $24.4 billion takeover bid is now in jeopardy because of the higher prices being offered by the prominent investors.
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a4ac3a59-9556-4d7e-abbf-33ba84a321b8
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726480.0
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2013-03-25 00:00:00 UTC
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Euro Weakness Pressures U.S. Markets; Dell Go-Shop Bidding In Focus
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DELL
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https://www.nasdaq.com/articles/euro-weakness-pressures-us-markets-dell-go-shop-bidding-focus-2013-03-25
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nan
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nan
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It was business as usual for the ongoing bull run in U.S. equities, after stock-index futures pointed to a positive open in the wake of news that Cyprus locked down a bailout from the euro zone. But after opening modestly higher to start the week, all three major U.S. equity indexes had reversed course to trade sharply lower.
According to media reports, the downdraft coincided with headlines out of Europe that Eurogroup head Jeroen Dijsselbloem said the Cypriot bank restructuring plan should serve as a template for the rest of the Eurozone, triggering weakness in the Euro.
In what initially appeared to be a supportive development, Cyprus secured a 10 billion-euro rescue package, agreeing to raise 4.2 billion euros by restructuring the country's banking sector and taxing bank deposits larger than 100,000 euros.
Last week, the European Central Bank threatened to withdraw emergency aid from the Cypriot banking system if leaders were unable to come up with a deal to improve the country's financial sector--a move that briefly shook world markets.
Domestically, investors have one development to focus on: a panel discussion featuring Federal Reserve Chairman Ben Bernanke. On a bullish note, the March Dallas Fed Manufacturing Outlook came in at +7.4 vs. a +3.4 estimate, and +2.2 previously.
Overseas, European markets also reversed course to trade down after rallying on the Cyprus deal news on the news, while Asian markets finished mostly higher.
In individual company news, Dell ( DELL ) shares were up 3% at $14.46 after the company said it received two alternative offers during its go-shop period. One proposal was submitted by a group affiliated with a private equity fund managed by Blackstone and the other by entities affiliated with Carl Icahn.
Overall, commodity prices were mixed at mid-day, with oil up $0.93, at $94.64 a barrel. Natural gas continued to toy with the $4 mark, up $0.048 to $3.975 per million BTUs.
Gold futures were down $2.00 $1606 per ounce, while silver was up $0.157, to $28.855 per ounce. Copper was down $0.026 to $3.44.
Here's where the markets stood at mid-day:
NYSE Composite down 25.46 (-0.28%) to 9,040.33
Dow Jones Industrial Average down 46.38 (-0.32%) to 14,465.65
S&P 500 down 2.48 (-0.16%) to 1,554.41
Nasdaq Composite Index down 7.77 (-0.24%) to 3,237.33
GLOBAL SENTIMENT
Nikkei 225 Index up 1.68%
Hang Seng Index up 0.61%
Shanghai China Composite Index up 0.05%
FTSE 100 Index down 0.36%
DAX down 0.69%
CAC 40 down 1.07%
NYSE SECTOR INDICES
NYSE Energy Sector Index (^NYE) down 33.26 (-0.25%) to 13,159.73
NYSE Financial Sector Index (^NYK) down 27.00 (-0.49%) to 5,464.42
NYSE Healthcare Sector Index (^NYP) down 30.93 (-0.35%) to 8,709.84
UPSIDE MOVERS:
(+) STXS (+51%) Shares took flight after company announced that it has received regulatory approval of its Niobe remote magnetic technology for cardiac ablations in Japan, a critical milestone in securing full market entry into the country.
(+) ECYT (+8.6%) Shares rose after analysts at Robert W. Baird upgraded their rating on the stock to Outperform from Neutral. They also hiked their price target on the stock to $13 from $9 a share.
(+) ZAZA (+3.4%) Stock held slight gains after the company said it will sell about 10,000 net acres located in Fayette, Gonzalez and Lavaca Counties, Texas for about $43.3 million. In the pre-bell session, the stock added over 21%. The closing of the sale is expected to occur during Q2 and net proceeds from the sale, after customary closing purchase price adjustments and expenses, are expected to be about $42 million.
DOWNSIDE MOVERS:
(-) CHKP (-3.1%) Shares slipped after being downgraded at Lazard Capital Markets to Neutral from Buy.
(-) VHS (-7.9%) Health care provider company shares tumbled after the company said its Phoenix, Ariz., health plan subsidiary, VHS Phoenix Health Plan, LLC, received a letter from the Arizona Health Care Cost Containment System on Friday March 22 informing PHP that it was not awarded an acute care program contract for the program year commencing Oct. 1.
(-) CMGE (-7.2%) Stock fell despite company announcing that it has signed strategic partnership agreements with China Wireless Technologies Limited and Beijing Tianyu Communication Equipment to pre-install customized versions of the company's Game Center application on Smart phones produced by both companies.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In individual company news, Dell ( DELL ) shares were up 3% at $14.46 after the company said it received two alternative offers during its go-shop period. It was business as usual for the ongoing bull run in U.S. equities, after stock-index futures pointed to a positive open in the wake of news that Cyprus locked down a bailout from the euro zone. According to media reports, the downdraft coincided with headlines out of Europe that Eurogroup head Jeroen Dijsselbloem said the Cypriot bank restructuring plan should serve as a template for the rest of the Eurozone, triggering weakness in the Euro.
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In individual company news, Dell ( DELL ) shares were up 3% at $14.46 after the company said it received two alternative offers during its go-shop period. NYSE Energy Sector Index (^NYE) down 33.26 (-0.25%) to 13,159.73 NYSE Financial Sector Index (^NYK) down 27.00 (-0.49%) to 5,464.42 NYSE Healthcare Sector Index (^NYP) down 30.93 (-0.35%) to 8,709.84 (-) VHS (-7.9%) Health care provider company shares tumbled after the company said its Phoenix, Ariz., health plan subsidiary, VHS Phoenix Health Plan, LLC, received a letter from the Arizona Health Care Cost Containment System on Friday March 22 informing PHP that it was not awarded an acute care program contract for the program year commencing Oct. 1.
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In individual company news, Dell ( DELL ) shares were up 3% at $14.46 after the company said it received two alternative offers during its go-shop period. NYSE Energy Sector Index (^NYE) down 33.26 (-0.25%) to 13,159.73 NYSE Financial Sector Index (^NYK) down 27.00 (-0.49%) to 5,464.42 NYSE Healthcare Sector Index (^NYP) down 30.93 (-0.35%) to 8,709.84 (-) VHS (-7.9%) Health care provider company shares tumbled after the company said its Phoenix, Ariz., health plan subsidiary, VHS Phoenix Health Plan, LLC, received a letter from the Arizona Health Care Cost Containment System on Friday March 22 informing PHP that it was not awarded an acute care program contract for the program year commencing Oct. 1.
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In individual company news, Dell ( DELL ) shares were up 3% at $14.46 after the company said it received two alternative offers during its go-shop period. But after opening modestly higher to start the week, all three major U.S. equity indexes had reversed course to trade sharply lower. NYSE Energy Sector Index (^NYE) down 33.26 (-0.25%) to 13,159.73 NYSE Financial Sector Index (^NYK) down 27.00 (-0.49%) to 5,464.42 NYSE Healthcare Sector Index (^NYP) down 30.93 (-0.35%) to 8,709.84
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19c1d0fc-e291-4df4-9753-105d71d89f22
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726481.0
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2013-03-25 00:00:00 UTC
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Pre-Market Most Active for Mar 25, 2013 : DELL, BAC, BBRY, VOD, NOK, MT, ERIC, MTCN, APOL, NVS, AAPL, CCL
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-mar-25-2013-dell-bac-bbry-vod-nok-mt-eric-mtcn-apol-nvs-aapl-ccl
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 10.74 to 2,811.55. The total Pre-Market volume is currently 4,657,561 shares traded.
The following are the most active stocks for the pre-market session :
Dell Inc. ( DELL ) is +0.46 at $14.60, with 5,146,914 shares traded. DELL's current last sale is 112.31% of the target price of $13.
Bank of America Corporation ( BAC ) is +0.16 at $12.72, with 1,679,379 shares traded. BAC's current last sale is 97.85% of the target price of $13.
Research In Motion Limited ( BBRY ) is -0.57 at $14.34, with 1,380,719 shares traded.BBRY is scheduled to provide an earnings report on 3/28/2013, for the fiscal quarter ending Feb2013. The consensus earnings per share forecast is -0.28 per share, which represents a 80 percent increase over the EPS one Year Ago
Vodafone Group Plc ( VOD ) is +0.8 at $28.83, with 623,590 shares traded. VOD's current last sale is 89.53% of the target price of $32.2.
Nokia Corporation ( NOK ) is -0.01 at $3.32, with 352,402 shares traded. NOK's current last sale is 110.67% of the target price of $3.
ArcelorMittal ( MT ) is +0.17 at $13.72, with 289,064 shares traded. MT's current last sale is 76.41% of the target price of $17.955.
Ericsson ( ERIC ) is +0.142 at $12.67, with 258,800 shares traded. ERIC's current last sale is 110.19% of the target price of $11.5.
ArcelorMittal ( MTCN ) is +0.2 at $22.10, with 220,775 shares traded., following a 52-week high recorded in prior regular session.
Apollo Group, Inc. ( APOL ) is +1.37 at $18.41, with 202,564 shares traded. RTT News Reports: Apollo Group Q2 Profit Declines Amid Lower Enrollment - Quick Facts
Novartis AG ( NVS ) is -0.21 at $70.62, with 151,300 shares traded. As reported by Zacks, the current mean recommendation for NVS is in the "buy range".
Apple Inc. ( AAPL ) is +3.79 at $465.70, with 136,657 shares traded. As reported by Zacks, the current mean recommendation for AAPL is in the "buy range".
Carnival Corporation ( CCL ) is -0.09 at $33.95, with 101,420 shares traded. CCL's current last sale is 89.34% of the target price of $38.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.46 at $14.60, with 5,146,914 shares traded. DELL's current last sale is 112.31% of the target price of $13. Research In Motion Limited ( BBRY ) is -0.57 at $14.34, with 1,380,719 shares traded.BBRY is scheduled to provide an earnings report on 3/28/2013, for the fiscal quarter ending Feb2013.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.46 at $14.60, with 5,146,914 shares traded. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. DELL's current last sale is 112.31% of the target price of $13.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.46 at $14.60, with 5,146,914 shares traded. DELL's current last sale is 112.31% of the target price of $13. The consensus earnings per share forecast is -0.28 per share, which represents a 80 percent increase over the EPS one Year Ago Vodafone Group Plc ( VOD ) is +0.8 at $28.83, with 623,590 shares traded.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.46 at $14.60, with 5,146,914 shares traded. DELL's current last sale is 112.31% of the target price of $13. The NASDAQ 100 Pre-Market Indicator is up 10.74 to 2,811.55.
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e80d3d6e-3dd1-4b47-9b80-5141a9730c13
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726482.0
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2013-03-25 00:00:00 UTC
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Market Close Report: NASDAQ Composite index closes at 3,235.30 down -9.70 points
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DELL
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https://www.nasdaq.com/articles/market-close-report-nasdaq-composite-index-closes-323530-down-970-points-2013-03-25
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nan
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nan
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Monday's session closes with the NASDAQ Composite Index at 3,235.30. The total shares traded for the NASDAQ was over 1.63 billion. Declining stocks led advancers by 1.09 to 1 ratio. There were 1170 advancers and 1276 decliners for the day. On the NASDAQ Stock Exchange 89 stocks reached a 52 week high and 10 those reaching lows totaled. The most active, advancers, decliners, unusual volume and most active by dollar volume can be monitored intraday on the Most Active Stocks page.
The NASDAQ 100 index closed down -.41% for the day; a total of -11.36 points. The current value is 2,789.45. eBay Inc. ( EBAY ) had the largest percent change down (-3.68%) while Dell Inc. ( DELL ) had the largest percent change gain rising 2.62%.
The Dow Jones index closed down -.44% for the day; a total of -64.28 points. The current value is 14,447.75. Bank of America Corporation ( BAC ) had the largest percent change down (-1.27%) while Wal-Mart Stores, Inc. ( WMT ) had the largest percent change gain rising .77%.
NASDAQ Market Wrap
As of 3/25/2013 4:44:01 PM
BILLIONS OF 1.63 NASDAQ SHARES TRADED TODAY 89 STOCKS REACHED A 52 WEEK HIGH 10 THOSE REACHING LOWS TOTALEDDell Inc.[DELL]TOPS ADVANCERS LISTOF NASDAQ 100 % 2.62 INDEXDELL ROSE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The current value is 2,789.45. eBay Inc. ( EBAY ) had the largest percent change down (-3.68%) while Dell Inc. ( DELL ) had the largest percent change gain rising 2.62%. NASDAQ Market Wrap As of 3/25/2013 4:44:01 PM BILLIONS OF 1.63 NASDAQ SHARES TRADED TODAY 89 STOCKS REACHED A 52 WEEK HIGH 10 THOSE REACHING LOWS TOTALEDDell Inc.[DELL]TOPS ADVANCERS LISTOF NASDAQ 100 % 2.62 INDEXDELL ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Dow Jones index closed down -.44% for the day; a total of -64.28 points.
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The current value is 2,789.45. eBay Inc. ( EBAY ) had the largest percent change down (-3.68%) while Dell Inc. ( DELL ) had the largest percent change gain rising 2.62%. NASDAQ Market Wrap As of 3/25/2013 4:44:01 PM BILLIONS OF 1.63 NASDAQ SHARES TRADED TODAY 89 STOCKS REACHED A 52 WEEK HIGH 10 THOSE REACHING LOWS TOTALEDDell Inc.[DELL]TOPS ADVANCERS LISTOF NASDAQ 100 % 2.62 INDEXDELL ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. On the NASDAQ Stock Exchange 89 stocks reached a 52 week high and 10 those reaching lows totaled.
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The current value is 2,789.45. eBay Inc. ( EBAY ) had the largest percent change down (-3.68%) while Dell Inc. ( DELL ) had the largest percent change gain rising 2.62%. NASDAQ Market Wrap As of 3/25/2013 4:44:01 PM BILLIONS OF 1.63 NASDAQ SHARES TRADED TODAY 89 STOCKS REACHED A 52 WEEK HIGH 10 THOSE REACHING LOWS TOTALEDDell Inc.[DELL]TOPS ADVANCERS LISTOF NASDAQ 100 % 2.62 INDEXDELL ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. On the NASDAQ Stock Exchange 89 stocks reached a 52 week high and 10 those reaching lows totaled.
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The current value is 2,789.45. eBay Inc. ( EBAY ) had the largest percent change down (-3.68%) while Dell Inc. ( DELL ) had the largest percent change gain rising 2.62%. NASDAQ Market Wrap As of 3/25/2013 4:44:01 PM BILLIONS OF 1.63 NASDAQ SHARES TRADED TODAY 89 STOCKS REACHED A 52 WEEK HIGH 10 THOSE REACHING LOWS TOTALEDDell Inc.[DELL]TOPS ADVANCERS LISTOF NASDAQ 100 % 2.62 INDEXDELL ROSE The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The NASDAQ 100 index closed down -.41% for the day; a total of -11.36 points.
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2014ad28-c493-418d-ac89-3774a51ac105
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726483.0
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2013-03-25 00:00:00 UTC
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Cyprus Bailout Lifts U.S. Futures - Ahead of Wall Street
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DELL
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https://www.nasdaq.com/articles/cyprus-bailout-lifts-us-futures-ahead-wall-street-2013-03-25
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nan
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nan
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March 25, 2013
(This is Mark Vickery substituting for Sheraz Mian this morning and all this week.)
Far from a certainty up to the 11th hour, Cyprus finally decided to bail out its failing banking system to the tune of 10 billion euros, or roughly $13 billion. The small Eurozone island country has thus escaped bankruptcy, which would have made it the first nation to abandon the euro as its currency.
The bailout is already being received quite well in Europe and Asia, where most market indexes are up today. U.S. futures are also solidly green in pre-trading this morning, with the S&P 500 ticking back up toward 1560.
This is the final week of Q1, as well as a holiday-shortened week with Friday as a holiday. Earnings season will begin to pick up in a couple weeks, but until then, market catalysts will mostly be relegated to news coming from abroad, such as today's Cyprus bailout story.
That said, shares of major for-profit educator Apollo Group ( APOL ) are up over 9% in the pre-market after a quarterly earnings beat, although enrollment at its University of Phoenix is down. Chinese solar panel manufacturer JA Solar ( JASO ) is down roughly 1% on its quarterly earnings miss this morning, with revenues now having fallen for the past six quarters.
Finally, speculation continues about Dell Inc. ( DELL ) going private -- will Blackstone ( BX ) offer more than $13.65 per share and bring former H-P chief Mark Hurd on board? Will Carl Icahn entice with a $15 per share bid? We'll stay tuned, assuming anyone can talk about anything besides Cyprus today.
Mark Vickery
Senior Editor
APOLLO GROUP (APOL): Free Stock Analysis Report
BLACKSTONE GRP (BX): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
JA SOLAR HOLDGS (JASO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Finally, speculation continues about Dell Inc. ( DELL ) going private -- will Blackstone ( BX ) offer more than $13.65 per share and bring former H-P chief Mark Hurd on board? Mark Vickery Senior Editor APOLLO GROUP (APOL): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report JA SOLAR HOLDGS (JASO): Free Stock Analysis Report To read this article on Zacks.com click here. The small Eurozone island country has thus escaped bankruptcy, which would have made it the first nation to abandon the euro as its currency.
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Mark Vickery Senior Editor APOLLO GROUP (APOL): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report JA SOLAR HOLDGS (JASO): Free Stock Analysis Report To read this article on Zacks.com click here. Finally, speculation continues about Dell Inc. ( DELL ) going private -- will Blackstone ( BX ) offer more than $13.65 per share and bring former H-P chief Mark Hurd on board? Chinese solar panel manufacturer JA Solar ( JASO ) is down roughly 1% on its quarterly earnings miss this morning, with revenues now having fallen for the past six quarters.
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Mark Vickery Senior Editor APOLLO GROUP (APOL): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report JA SOLAR HOLDGS (JASO): Free Stock Analysis Report To read this article on Zacks.com click here. Finally, speculation continues about Dell Inc. ( DELL ) going private -- will Blackstone ( BX ) offer more than $13.65 per share and bring former H-P chief Mark Hurd on board? Earnings season will begin to pick up in a couple weeks, but until then, market catalysts will mostly be relegated to news coming from abroad, such as today's Cyprus bailout story.
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Mark Vickery Senior Editor APOLLO GROUP (APOL): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report JA SOLAR HOLDGS (JASO): Free Stock Analysis Report To read this article on Zacks.com click here. Finally, speculation continues about Dell Inc. ( DELL ) going private -- will Blackstone ( BX ) offer more than $13.65 per share and bring former H-P chief Mark Hurd on board? This is the final week of Q1, as well as a holiday-shortened week with Friday as a holiday.
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4bd80ea7-c5da-4308-aaf7-6cbb5d303f19
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726484.0
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2013-03-25 00:00:00 UTC
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What Does Carl Icahn See in Dell?
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DELL
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https://www.nasdaq.com/articles/what-does-carl-icahn-see-dell-2013-03-25
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nan
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nan
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At first Dell (NASDAQ: DELL ) had only one suitor - company founder, Michael Dell who, along with Silver Lake Partners says he plans to take the company private and has offered $13.65 a share.
Then, according to The New York Times , Blackstone Group (NYSE: BX ), Francisco Partners, and Insight Venture Partners, entered the discussion with an offer of $14.25. At this point, things were starting to get interesting.
Apparently, playing in the Herbalife (NYSE: HLF ) sandbox isn't as fun as it used to be becausenow, well-known activist investor, Carl Icahn has skin in the game. Icahn who, according to The Wall Street Journal , also disclosed a 4.6 percent stake in Dell, is offering a $5 billion equity commitment. The offer includes $15 per share, thereby upping the stakes for both Michael Dell and Blackstone.
Here's the problem: Dell may not be all that great of a deal.
Back in the day (the early 2000s), the company was considered to be a model of innovation. It pioneered online ordering of custom-made PCs while still keeping prices low.
Fast forward to Q4, 2012. Dell's slice of the PC market pie slipped to a little more than 10 percent - down from 12.5 percent in 2011. Shipments fell 20 percent, according to research house IDC.
Although Michael Dell returned as CEO in 2007, he has not been able to orchestrate a turnaround so far. The company's focus on corporate computing has not yet yielded hoped for results.
Reuters reported a source that said Dell slashed its internal forecast for fiscal 2013 operating profit to $3 billion - down from the $3.7 billion it had predicted previously. The source also indicated that additional details would be revealed in a proxy filing expected by the end of this week.
So, why is Carl Icahn interested? What does he see that others do not?
Icahn has bought into technology in the past, according to the Financial Times . He invested in Yahoo! (NASDAQ: YHOO ), when he was unable to talk Microsoft (NASDAQ: MSFT ) into buying it. But, having done something in past is not necessarily a reason to do it again.
Icahn opposed the original Dell buyout, saying it undervalued the company. As a result he has pushed for a special dividend to shareholders of $9 a share and more leverage, according to ZDNet .
ZDNet believes Icahn's proposal might damage Dell as a serious technology player due to the uncertainty brought on by the move. The website says Icahn won't care. As long as he gets his $9 dividend.
In early trading, Monday, Dell is up more than 3 percent at $14.58.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Icahn who, according to The Wall Street Journal , also disclosed a 4.6 percent stake in Dell, is offering a $5 billion equity commitment. ZDNet believes Icahn's proposal might damage Dell as a serious technology player due to the uncertainty brought on by the move. At first Dell (NASDAQ: DELL ) had only one suitor - company founder, Michael Dell who, along with Silver Lake Partners says he plans to take the company private and has offered $13.65 a share.
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Icahn who, according to The Wall Street Journal , also disclosed a 4.6 percent stake in Dell, is offering a $5 billion equity commitment. At first Dell (NASDAQ: DELL ) had only one suitor - company founder, Michael Dell who, along with Silver Lake Partners says he plans to take the company private and has offered $13.65 a share. The offer includes $15 per share, thereby upping the stakes for both Michael Dell and Blackstone.
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At first Dell (NASDAQ: DELL ) had only one suitor - company founder, Michael Dell who, along with Silver Lake Partners says he plans to take the company private and has offered $13.65 a share. Icahn who, according to The Wall Street Journal , also disclosed a 4.6 percent stake in Dell, is offering a $5 billion equity commitment. The offer includes $15 per share, thereby upping the stakes for both Michael Dell and Blackstone.
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At first Dell (NASDAQ: DELL ) had only one suitor - company founder, Michael Dell who, along with Silver Lake Partners says he plans to take the company private and has offered $13.65 a share. Icahn who, according to The Wall Street Journal , also disclosed a 4.6 percent stake in Dell, is offering a $5 billion equity commitment. The offer includes $15 per share, thereby upping the stakes for both Michael Dell and Blackstone.
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1214de2b-d199-48af-b307-8001c87b4f24
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726485.0
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2013-03-23 00:00:00 UTC
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How Long Should We Continue To Consider Longleaf Partners Worthy Of Guru Status?
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DELL
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https://www.nasdaq.com/articles/how-long-should-we-continue-consider-longleaf-partners-worthy-guru-status-2013-03-23
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nan
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nan
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I was recently watching an interview with Monish Pabrai. In the interview Pabrai was asked where he looked for investment ideas.
According to Pabrai, one of his favorite sources of finding new ideas is perusing the holdings of investors that he respects. And I certainly agree, why not cherry pick the very best ideas from the very best investors?
That approach takes you immediately to a short list of the "best of the best" and also in my opinion greatly reduces your risk of making a big error. An idea found this way has also been vetted by the critical eye of a world class investor, usually someone very unlikely to make a major error.
While answering the question posed, Pabrai listed a few investors that he uses as idea sources. One of those investors that Pabrai named was Southeastern Asset Management (Longleaf Partners).
When I heard Pabrai mention Longleaf it got me to thinking.
And what I was thinking was......should we still consider Longleaf (Southeastern) a "Guru" worthy of copying ideas from?
Below is Longleaf's most recent performance data taken from its annual report:
I should first state that I've long been a fan of Longleaf. But an objective look at this performance record over the past ten years has to result in the conclusion that it is pretty mediocre (at best).
Both the Partners Fund and the International Fund have performed very poorly relative to their indices over the ten-year window. The Small Cap Fund looks a lot better.
Much of the Partners Fund struggles over the past ten years can be attributed to two high profile (and somewhat controversial holdings). When you run a concentrated portfolio like Longleaf, two struggling picks can really hurt performance.
Dell - Value Trap
The first major problem has been Dell, which has been an absolute value trap for Longleaf. It has looked cheap on a free cash flow basis for a long time and has a great balance sheet. Dell's problem has been a deteriorating business which is justifying the attractive-looking valuation:
Chesapeake - Depressed Natural Gas
Chesapeake has been a real headache for Longleaf for a long time now. Despite continually voicing their support for controversial CEO Aubrey McClendon, also for a long time, in 2012 Longleaf led a shareholder revolt to take back the Board of Directors from McClendon who is now departing as CEO.
Despite the flamboyant McClendon, the real problem for Chesapeake has been long-depressed natural gas prices which have killed its cash flow.
Personally, I think Longleaf should still be considered a "Guru." A ten-year time period is certainly long enough to assess performance, and Longleaf would likely admit that they haven't done a great job. However, I believe the firm's investment beliefs (stated below) are exactly what concentrated value investing is all about.
Longleaf's Investment Beliefs
� Our in-depth, conservative business appraisals underpin all decisions.
� Long-term horizon provides us with "time horizon arbitrage" opportunities.
� Volatility offers us opportunity.
� Margin of safety determines entry and exit limits.
� "Cheap" is not enough - we want sustainable competitive advantages and value growth.
� Our corporate management partners greatly impact our outcome.
� Concentrated portfolios in our 18 - 22 best investments adequately diversify, reduce risk, and improve return.
� Build bottom-up, benchmark-agnostic portfolios to own the highest quality, most discounted businesses.
Given more time, I believe Longleaf will get back on track.
Read More:
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell - Value Trap The first major problem has been Dell, which has been an absolute value trap for Longleaf. Dell's problem has been a deteriorating business which is justifying the attractive-looking valuation: Chesapeake - Depressed Natural Gas Chesapeake has been a real headache for Longleaf for a long time now. That approach takes you immediately to a short list of the "best of the best" and also in my opinion greatly reduces your risk of making a big error.
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Dell's problem has been a deteriorating business which is justifying the attractive-looking valuation: Chesapeake - Depressed Natural Gas Chesapeake has been a real headache for Longleaf for a long time now. Dell - Value Trap The first major problem has been Dell, which has been an absolute value trap for Longleaf. Much of the Partners Fund struggles over the past ten years can be attributed to two high profile (and somewhat controversial holdings).
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Dell's problem has been a deteriorating business which is justifying the attractive-looking valuation: Chesapeake - Depressed Natural Gas Chesapeake has been a real headache for Longleaf for a long time now. Dell - Value Trap The first major problem has been Dell, which has been an absolute value trap for Longleaf. One of those investors that Pabrai named was Southeastern Asset Management (Longleaf Partners).
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Dell - Value Trap The first major problem has been Dell, which has been an absolute value trap for Longleaf. Dell's problem has been a deteriorating business which is justifying the attractive-looking valuation: Chesapeake - Depressed Natural Gas Chesapeake has been a real headache for Longleaf for a long time now. One of those investors that Pabrai named was Southeastern Asset Management (Longleaf Partners).
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1ece98aa-b1ed-4bba-a922-df0e58fd8575
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726486.0
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2013-03-22 00:00:00 UTC
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Bull of the Day: Evercore Partners (EVR) - Bull of the Day
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DELL
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https://www.nasdaq.com/articles/bull-day-evercore-partners-evr-bull-day-2013-03-22
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nan
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nan
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One of the most interesting debates I've heard lately about this market is whether or not the increase in M&A activity is bullish. The bearish Doug Kass says it's not and the ever-eBULLient Jim Cramer says it is.
I'm not sure who is right. But I'll tell you what is right: putting money on the focused, experienced deal-makers at Evercore Partners ( EVR ).
This "boutique" investment bank -- I've always loved that phrase, like it's a shop on Fifth Avenue for the 1% (which it is I guess) -- was founded in 1996 by current Chairman Roger Altman, a veteran of Wall Street and Washington.
Altman served as Deputy Secretary of the US Treasury in the late 1970's and again in the 90's and was head of M&A for Blackstone Group (BX) before launching his own firm on the premise that clients would be best served by an investment banking firm free of the conflicts of interest inherent to large, multi-product financial institutions.
Kill the Traders and Other Distractions
Altman believed that this pure advisory model, undistracted by proprietary trading and sell-side research, would serve clients the best and attract the most talented senior finance professionals to the firm.
This is important because while M&A deals seem like quick cash grabs on the surface where big money simply has to make a deal that makes both sides richer, there is a lot more to Evercore's business, including advising on divestitures, restructurings, specialized financings, public offerings, private placements and other strategic transactions.
Re-Building the Core
Though global M&A activity rebounded fairly strong in 2010 and 2011 after the financial crisis, Evercore was a slow starter. You can see from the Price & Consensus chart below that earnings estimates would start out rosy for each year 2010 through 2012, only to be taken down. And, of course, the stock price followed.
But in late 2012, you can also see that story quickly began to change. Analyst consensus estimates made a dramatic turnaround on the heels of one of the company's biggest deals ever, advising Kraft Foods on its $36 billion spin-off of Kraft Foods Group.
And as corporate deal-making heated up in into the end of 2012, with average Wall Street deal premiums crossing 25%, profit projections for EVR got hotter too. In early December, they signed on to advise McMoRan Exploration in its interest to be acquired by Freeport-McMoRan Copper & Gold (FCX) for $3.2 billion.
Evercore has now facilitated over $1 trillion in transactions, including advising a special committee of Dell's board of directors in the recent bid to take the company private. And one thing to remember about Evercore is that even if a deal doesn't close, they still get paid advisory fees for their work.
The firm also has a growing Investment Management Services division with over $12 billion AUM in private equity, venture capital, and trustee services for institutional investors and high net worth individuals.
How the Zacks Rank Banked Coin in EVR
We could talk about Evercore's rising revenues, its balance sheet, or why the Zacks quantitative model picked up its dramatically improving earnings outlook. But, sometimes it's best to just let a picture tell the story. Below is a 1-year price chart with notations about when the model turned from red to green.
Investors who spotted the "green lights" in December jumped on this story early for 50% gains. Even its earning of a #1 Rank on January 12 gave time for substantial appreciation. And while the momentum may slow soon, it looks like dips to the 50-day and that area of congestion between $38 and $40 should be bought as long as the Rank is at least a 3.
Evermore, A Deep Bench
I mentioned the leadership of Altman in creating a world class firm to take on the bulge bracket. But the firm's CEO is equally impressive. Last week I watched an interview with CEO Ralph Schlosstein on Bloomberg and he comes across as not only a thoughtful economist, but a world class negotiator.
Schlosstein, who also worked at the Treasury along side Altman in the 70's, was for almost twenty years the President of BlackRock (BLK), the largest publicly traded asset management firm with over $3.6 trillion of assets under management. He co-founded BlackRock in 1988
No stranger to politics, in the interview he carefully dissected the battle lines in Washington over fiscal issues and I could tell I was watching a master of solving problems and communicating solutions, skills which must be required at the top of multi-billion dollar deals with diverse shareholder interests.
Schlosstein also shared his steady view of the M&A horizon. First, he described the 3 major conditions in place for a continued M&A revival: (1) supportive capital markets, (2) economic visibility, and (3) CEO confidence.
Then he described Evercore's tracking of 33 years of M&A data, calling it a secular growth story that continues to make higher highs and higher lows in deal volume throughout economic cycles. He noted that the average down cycle is 2 to 3 years, and the average up cycle is 5 to 8 years.
Since we are in year 4 of an up cycle, Evercore should be on your buy list of deal masters.
Kevin Cook is a Senior Stock Strategist withZacks.com
BLACKROCK INC (BLK): Free Stock Analysis Report
BLACKSTONE GRP (BX): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
EVERCORE PARTNR (EVR): Free Stock Analysis Report
FREEPT MC COP-B (FCX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Evercore has now facilitated over $1 trillion in transactions, including advising a special committee of Dell's board of directors in the recent bid to take the company private. Kevin Cook is a Senior Stock Strategist withZacks.com BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report EVERCORE PARTNR (EVR): Free Stock Analysis Report FREEPT MC COP-B (FCX): Free Stock Analysis Report To read this article on Zacks.com click here. This "boutique" investment bank -- I've always loved that phrase, like it's a shop on Fifth Avenue for the 1% (which it is I guess) -- was founded in 1996 by current Chairman Roger Altman, a veteran of Wall Street and Washington.
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Kevin Cook is a Senior Stock Strategist withZacks.com BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report EVERCORE PARTNR (EVR): Free Stock Analysis Report FREEPT MC COP-B (FCX): Free Stock Analysis Report To read this article on Zacks.com click here. Evercore has now facilitated over $1 trillion in transactions, including advising a special committee of Dell's board of directors in the recent bid to take the company private. Schlosstein, who also worked at the Treasury along side Altman in the 70's, was for almost twenty years the President of BlackRock (BLK), the largest publicly traded asset management firm with over $3.6 trillion of assets under management.
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Kevin Cook is a Senior Stock Strategist withZacks.com BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report EVERCORE PARTNR (EVR): Free Stock Analysis Report FREEPT MC COP-B (FCX): Free Stock Analysis Report To read this article on Zacks.com click here. Evercore has now facilitated over $1 trillion in transactions, including advising a special committee of Dell's board of directors in the recent bid to take the company private. Altman served as Deputy Secretary of the US Treasury in the late 1970's and again in the 90's and was head of M&A for Blackstone Group (BX) before launching his own firm on the premise that clients would be best served by an investment banking firm free of the conflicts of interest inherent to large, multi-product financial institutions.
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Evercore has now facilitated over $1 trillion in transactions, including advising a special committee of Dell's board of directors in the recent bid to take the company private. Kevin Cook is a Senior Stock Strategist withZacks.com BLACKROCK INC (BLK): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report EVERCORE PARTNR (EVR): Free Stock Analysis Report FREEPT MC COP-B (FCX): Free Stock Analysis Report To read this article on Zacks.com click here. You can see from the Price & Consensus chart below that earnings estimates would start out rosy for each year 2010 through 2012, only to be taken down.
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7db2dbf0-a4ce-40f5-b05f-270649a33017
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726487.0
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2013-03-22 00:00:00 UTC
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After Hours Most Active for Mar 22, 2013 : DELL, INTC, CSCO, BX, JPM, QQQ, BAC, S, ETFC, LXP, KCG, SBUX
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-mar-22-2013-dell-intc-csco-bx-jpm-qqq-bac-s-etfc-lxp-kcg-sbux-2013
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.35 to 2,800.46. The total After hours volume is currently 28,170,247 shares traded.
The following are the most active stocks for the after hours session :
Dell Inc. ( DELL ) is unchanged at $14.14, with 5,044,283 shares traded. DELL's current last sale is 108.77% of the target price of $13.
Intel Corporation ( INTC ) is -0.0896 at $21.24, with 2,988,147 shares traded. INTC's current last sale is 95.46% of the target price of $22.25.
Cisco Systems, Inc. ( CSCO ) is +0.01 at $20.76, with 2,845,908 shares traded. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
The Blackstone Group L.P. ( BX ) is unchanged at $19.71, with 2,124,800 shares traded. As reported by Zacks, the current mean recommendation for BX is in the "buy range".
J P Morgan Chase & Co ( JPM ) is +0.02 at $48.80, with 1,748,275 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $1.35. As reported by Zacks, the current mean recommendation for JPM is in the "buy range".
PowerShares QQQ Trust, Series 1 ( QQQ ) is unchanged at $68.59, with 1,728,950 shares traded. This represents a 14.24% increase from its 52 Week Low.
Bank of America Corporation ( BAC ) is +0.01 at $12.57, with 1,544,289 shares traded. BAC's current last sale is 96.69% of the target price of $13.
Sprint Nextel Corporation ( S ) is unchanged at $6.14, with 1,471,503 shares traded., following a 52-week high recorded in today's regular session.
E*TRADE Financial Corporation ( ETFC ) is unchanged at $10.66, with 1,055,454 shares traded. ETFC's current last sale is 106.6% of the target price of $10.
Lexington Realty Trust ( LXP ) is unchanged at $11.85, with 1,039,812 shares traded. As reported by Zacks, the current mean recommendation for LXP is in the "buy range".
Knight Capital Group, Inc. ( KCG ) is -0.05 at $3.81, with 988,295 shares traded. As reported in the last short interest update the days to cover for KCG is 7.285474; this calculation is based on the average trading volume of the stock.
Starbucks Corporation ( SBUX ) is unchanged at $57.38, with 921,064 shares traded. As reported by Zacks, the current mean recommendation for SBUX is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is unchanged at $14.14, with 5,044,283 shares traded. DELL's current last sale is 108.77% of the target price of $13. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is unchanged at $14.14, with 5,044,283 shares traded. DELL's current last sale is 108.77% of the target price of $13. The total After hours volume is currently 28,170,247 shares traded.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is unchanged at $14.14, with 5,044,283 shares traded. DELL's current last sale is 108.77% of the target price of $13. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is unchanged at $14.14, with 5,044,283 shares traded. DELL's current last sale is 108.77% of the target price of $13. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
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633e6892-0e1e-4fa7-9b39-aac942a28b19
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726488.0
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2013-03-21 00:00:00 UTC
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DELL Modernizes Singapore Exchange - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-modernizes-singapore-exchange-analyst-blog-2013-03-21
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nan
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nan
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Singapore Exchange ("SGX") has modernized its technology infrastructure with the help of Dell Inc. ( DELL ). The deployment of Dell's futuristic technology enabled SGX to double the speed of its operations, thereby increasing its efficiency and reducing its operating costs.
This deal was a big win for Dell in recent times, as SGX is one of the largest stock exchanges in Asia and in the world.
The project requires Dell to provide end-to-end application modernization services and mainframe re-hosting technology. Dell is expected to help SGX's entire mainframe complex, which includes maintaining, clearing and settlement; third-party tools and utilities; and server and storage resources to provide a customer-friendly IT solution.
Dell is going all out to establish its credentials in the IT market again. The company may be expected to make several marketing and strategic moves to strengthen its business model. Its privatization is a positive, since it is likely to make the company more nimble and help it take tough decisions. However, it could have a negative effect on the company's credibility.
These deal wins and privatization are likely to help Dell generate much-needed cash that the company could spend to pay off its private equity investors and service its debt.
Ever-increasing competition from companies such as Lenovo, Asustek, Apple Inc . ( AAPL ), Google Inc. ( GOOG ), IBM ( IBM ), Hewlett-Packard Company ( HPQ ), and Cisco Systems has restricted Dell's growth prospects. The players are moving faster than Dell even in emerging markets that Dell is now targeting, so the going is likely to be tough.
We are also concerned about conservative tech spending, continued weakness in the PC market in 2013, declining revenues and competition from its peers. However, back-to-back product launches, a growing presence in the enterprise storage space and continuous deal wins seem encouraging.
Currently, Dell has a Zacks Rank #3 (Hold).
APPLE INC (AAPL): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This deal was a big win for Dell in recent times, as SGX is one of the largest stock exchanges in Asia and in the world. Dell is expected to help SGX's entire mainframe complex, which includes maintaining, clearing and settlement; third-party tools and utilities; and server and storage resources to provide a customer-friendly IT solution. Singapore Exchange ("SGX") has modernized its technology infrastructure with the help of Dell Inc. ( DELL ).
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( AAPL ), Google Inc. ( GOOG ), IBM ( IBM ), Hewlett-Packard Company ( HPQ ), and Cisco Systems has restricted Dell's growth prospects. APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Singapore Exchange ("SGX") has modernized its technology infrastructure with the help of Dell Inc. ( DELL ).
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These deal wins and privatization are likely to help Dell generate much-needed cash that the company could spend to pay off its private equity investors and service its debt. The players are moving faster than Dell even in emerging markets that Dell is now targeting, so the going is likely to be tough. APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here.
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Singapore Exchange ("SGX") has modernized its technology infrastructure with the help of Dell Inc. ( DELL ). This deal was a big win for Dell in recent times, as SGX is one of the largest stock exchanges in Asia and in the world. The deployment of Dell's futuristic technology enabled SGX to double the speed of its operations, thereby increasing its efficiency and reducing its operating costs.
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3d107a73-94f0-466f-a8da-75c52039f2e6
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726489.0
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2013-03-21 00:00:00 UTC
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After Hours Most Active for Mar 21, 2013 : DELL, MU, BBRY, SNMX, HTZ, BAC, WFC, PHM, NEM, DTV, NKE, MDLZ
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-mar-21-2013-dell-mu-bbry-snmx-htz-bac-wfc-phm-nem-dtv-nke-mdlz
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nan
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The NASDAQ 100 After Hours Indicator is up 2.11 to 2,776.96. The total After hours volume is currently 45,106,173 shares traded.
The following are the most active stocks for the after hours session :
Dell Inc. ( DELL ) is unchanged at $14.14, with 10,105,879 shares traded. DELL's current last sale is 108.77% of the target price of $13.
Micron Technology, Inc. ( MU ) is +0.46 at $9.53, with 2,961,883 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Feb 2013. The consensus EPS forecast is $-0.2. RTT News Reports: Micron Technology Q2 Loss Widens - Quick Facts
Research In Motion Limited ( BBRY ) is -0.01 at $16.15, with 2,362,042 shares traded.BBRY is scheduled to provide an earnings report on 3/28/2013, for the fiscal quarter ending Feb2013. The consensus earnings per share forecast is -0.29 per share, which represents a 80 percent increase over the EPS one Year Ago
Senomyx, Inc. ( SNMX ) is -0.18 at $2.10, with 2,303,123 shares traded. As reported by Zacks, the current mean recommendation for SNMX is in the "strong buy range".
Hertz Global Holdings, Inc ( HTZ ) is -0.11 at $21.00, with 2,205,050 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.15. As reported by Zacks, the current mean recommendation for HTZ is in the "buy range".
Bank of America Corporation ( BAC ) is unchanged at $12.57, with 2,074,609 shares traded. BAC's current last sale is 96.69% of the target price of $13.
Wells Fargo & Company ( WFC ) is -0.04 at $37.10, with 1,750,501 shares traded. As reported by Zacks, the current mean recommendation for WFC is in the "buy range".
PulteGroup, Inc. ( PHM ) is +0.2178 at $21.19, with 1,552,550 shares traded. PHM's current last sale is 92.12% of the target price of $23.
Newmont Mining Corporation ( NEM ) is +0.15 at $41.60, with 1,542,632 shares traded. NEM's current last sale is 71.72% of the target price of $58.
DIRECTV ( DTV ) is unchanged at $54.75, with 1,425,187 shares traded. As reported by Zacks, the current mean recommendation for DTV is in the "buy range".
Nike, Inc. ( NKE ) is +4.46 at $58.06, with 1,268,654 shares traded. RTT News Reports: Nike Q3 Profit Rises - Quick Facts
Mondelez International, Inc. ( MDLZ ) is unchanged at $28.56, with 1,177,306 shares traded. As reported by Zacks, the current mean recommendation for MDLZ is in the "buy range".
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is unchanged at $14.14, with 10,105,879 shares traded. DELL's current last sale is 108.77% of the target price of $13. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Feb 2013.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is unchanged at $14.14, with 10,105,879 shares traded. DELL's current last sale is 108.77% of the target price of $13. RTT News Reports: Micron Technology Q2 Loss Widens - Quick Facts Research In Motion Limited ( BBRY ) is -0.01 at $16.15, with 2,362,042 shares traded.BBRY is scheduled to provide an earnings report on 3/28/2013, for the fiscal quarter ending Feb2013.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is unchanged at $14.14, with 10,105,879 shares traded. DELL's current last sale is 108.77% of the target price of $13. RTT News Reports: Micron Technology Q2 Loss Widens - Quick Facts Research In Motion Limited ( BBRY ) is -0.01 at $16.15, with 2,362,042 shares traded.BBRY is scheduled to provide an earnings report on 3/28/2013, for the fiscal quarter ending Feb2013.
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The following are the most active stocks for the after hours session : Dell Inc. ( DELL ) is unchanged at $14.14, with 10,105,879 shares traded. DELL's current last sale is 108.77% of the target price of $13. The NASDAQ 100 After Hours Indicator is up 2.11 to 2,776.96.
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b8c0bfe6-9b33-4323-9894-8297d3bdf4c2
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726490.0
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2013-03-20 00:00:00 UTC
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H-P, AHRC Renew IT Services Deal - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/h-p-ahrc-renew-it-services-deal-analyst-blog-2013-03-20
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nan
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nan
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Hewlett-Packard Co. 's ( HPQ ) Enterprise Services unit received two task orders from the U.S. Army Human Resources Command (AHRC) for an undisclosed sum. The task orders require H-P to continue providing information technology (IT) services to improve the agency's recruitment procedure and overall departmental operations in a cost-effective manner. The U.S. agency has been assigned the task of managing careers of potential army soldiers.
Under the first task order, H-P will continue to manage IT infrastructure for AHRC with the help of its data center services for another three years. H-P has been providing this support since past 20 years. The data center service includes support for hardware (PCs, laptops and printers), networking, enterprise architecture and help desk. The new task order would also require H-P to extend its services for the U.S. Army Cadet Command and Army Recruiting Command, in addition to AHRC.
Under the second task order, H-P will help AHRC in hiring/recruiting personnel through its Applications Services. With this service, AHRC can manage applications from prospective candidates and select suitable candidates for the job. The service also allows AHRC to simplify the process of online applications.
Last week, H-P's Enterprise Services unit was chosen by the U.S. Department of Homeland Security Department to provide call-center support for its U.S. Citizenship and Immigration Services ('USCIS') arm. The 5-year task order was valued at $220.5 million.
Though deal wins under the Enterprise Services unit is pretty frequent, the segment's financial performances are not encouraging. In the recently concluded first quarter 2013, the segment registered a year over year revenue decline of 7.0%. But during the call, H-P mentioned that it will continue to focus on strategic enterprise services business, which includes cloud, application modernization, security and information management, and analytics. We find H-P's commentary encouraging and believe that the continuous deal wins will lead to better growth prospects for the segment.
Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches and growing exposure into enterprise storage space are encouraging.
Currently, H-P has a Zacks Rank #2 (Buy). Other technology stocks that warrant consideration are Symantec Corp. ( SYMC ) and Synopsys Inc. ( SNPS ).
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
SYNOPSYS INC (SNPS): Free Stock Analysis Report
SYMANTEC CORP (SYMC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches and growing exposure into enterprise storage space are encouraging. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. Hewlett-Packard Co. 's ( HPQ ) Enterprise Services unit received two task orders from the U.S. Army Human Resources Command (AHRC) for an undisclosed sum.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches and growing exposure into enterprise storage space are encouraging. Hewlett-Packard Co. 's ( HPQ ) Enterprise Services unit received two task orders from the U.S. Army Human Resources Command (AHRC) for an undisclosed sum.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches and growing exposure into enterprise storage space are encouraging. Under the first task order, H-P will continue to manage IT infrastructure for AHRC with the help of its data center services for another three years.
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Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches and growing exposure into enterprise storage space are encouraging. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report SYNOPSYS INC (SNPS): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. Under the first task order, H-P will continue to manage IT infrastructure for AHRC with the help of its data center services for another three years.
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5295803c-3009-4df7-a133-da9e6d8d9a9f
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726491.0
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2013-03-20 00:00:00 UTC
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HP Focuses on Analytics Business - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/hp-focuses-on-analytics-business-analyst-blog-2013-03-20
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nan
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nan
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After strengthening its position in the personal computing, server and cloud computing segments, HP Enterprise Management & Analytics, a division of Hewlett-Packard Company ( HPQ ), has recently rolled out a service specially targeted at its enterprise clients. The service is intended to manage and evaluate the Big Data generated by them.
This is a new line of business for HP, which will help it generate additional revenue, as it has the potential to improve efficiency, reduce risk and lower the cost structure of customers.
After a detailed research of the information and data analysis market, HP found that more than one out of two business executives of different companies were of the opinion that their organizations did not have the tools to glean business insights from the huge amounts of data they were generating. This prompted HP to develop technology that could help companies discover this information.
The study also found that companies have lacked the expertise and strategy to properly manage their database.
HP has understood the fact that with better management and analysis of data, companies can efficiently manage their customers. After identifying this spot, HP seeks to address the situation with new solutions.
As per a recent research report published by the technology research firm Gartner, the global analytics and business intelligence market is expected to grow 7.0% in 2013. Though this growth rate seems decent, it is low compared with the 16.0% growth estimated for 2011. While analyzing the growth rate, we have to keep in mind the recent recessionary phase, which the world economy is going through.
Gartner also expects the growth rate to remain in the single-digit range for the next few years. At the end of 2013, the analytics and business intelligence market will remain at $14 billion and grow to $17 billion by 2016.
Analytics is a market where HP has shifted its focus recently. However, other consulting and IT companies such as Accenture Plc. ( ACN ), International Business Machines ( IBM ), Dell Inc. ( DELL ) and Cognizant Tech ( CTSH ) have been in this market for quite some time.
The PC market is not doing so well at the moment, with declining revenues and increasing competition from small and medium companies and cannibalization by tablets pose some challenges . However, HP's growing focus on new business segments, such as electronic medical records, cloud computing and now analytics will help the company to grow in the coming quarters.
Currently, H-P has a Zacks Rank #1 (Strong Buy).
ACCENTURE PLC (ACN): Free Stock Analysis Report
COGNIZANT TECH (CTSH): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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( ACN ), International Business Machines ( IBM ), Dell Inc. ( DELL ) and Cognizant Tech ( CTSH ) have been in this market for quite some time. ACCENTURE PLC (ACN): Free Stock Analysis Report COGNIZANT TECH (CTSH): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. After strengthening its position in the personal computing, server and cloud computing segments, HP Enterprise Management & Analytics, a division of Hewlett-Packard Company ( HPQ ), has recently rolled out a service specially targeted at its enterprise clients.
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ACCENTURE PLC (ACN): Free Stock Analysis Report COGNIZANT TECH (CTSH): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. ( ACN ), International Business Machines ( IBM ), Dell Inc. ( DELL ) and Cognizant Tech ( CTSH ) have been in this market for quite some time. After strengthening its position in the personal computing, server and cloud computing segments, HP Enterprise Management & Analytics, a division of Hewlett-Packard Company ( HPQ ), has recently rolled out a service specially targeted at its enterprise clients.
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ACCENTURE PLC (ACN): Free Stock Analysis Report COGNIZANT TECH (CTSH): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. ( ACN ), International Business Machines ( IBM ), Dell Inc. ( DELL ) and Cognizant Tech ( CTSH ) have been in this market for quite some time. After strengthening its position in the personal computing, server and cloud computing segments, HP Enterprise Management & Analytics, a division of Hewlett-Packard Company ( HPQ ), has recently rolled out a service specially targeted at its enterprise clients.
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( ACN ), International Business Machines ( IBM ), Dell Inc. ( DELL ) and Cognizant Tech ( CTSH ) have been in this market for quite some time. ACCENTURE PLC (ACN): Free Stock Analysis Report COGNIZANT TECH (CTSH): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. After a detailed research of the information and data analysis market, HP found that more than one out of two business executives of different companies were of the opinion that their organizations did not have the tools to glean business insights from the huge amounts of data they were generating.
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be7c47ca-63df-4c26-abb3-65a6c762c714
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726492.0
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2013-03-19 00:00:00 UTC
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Pre-Market Most Active for Mar 19, 2013 : BAC, NOK, ERIC, TWO, CHL, GRFS, LULU, HPT, SIRI, DELL, HNR, QQQ
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-mar-19-2013-bac-nok-eric-two-chl-grfs-lulu-hpt-siri-dell-hnr-qqq
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 8.14 to 2,800.44. The total Pre-Market volume is currently 13,852,075 shares traded.
The following are the most active stocks for the pre-market session :
Bank of America Corporation ( BAC ) is +0.25 at $12.81, with 3,462,250 shares traded. BAC's current last sale is 98.54% of the target price of $13.
Nokia Corporation ( NOK ) is +0.04 at $3.39, with 2,807,152 shares traded. NOK's current last sale is 113% of the target price of $3.
Ericsson ( ERIC ) is -0.06 at $12.74, with 1,210,835 shares traded. ERIC's current last sale is 110.78% of the target price of $11.5.
Two Harbors Investments Corp ( TWO ) is -0.13 at $13.74, with 1,035,244 shares traded. As reported by Zacks, the current mean recommendation for TWO is in the "buy range".
China Mobile (Hong Kong) Ltd. ( CHL ) is -0.6 at $52.10, with 1,002,040 shares traded. CHL's current last sale is 96.13% of the target price of $54.195.
Grifols, S.A. ( GRFS ) is unchanged at $29.63, with 858,100 shares traded. As reported by Zacks, the current mean recommendation for GRFS is in the "buy range".
lululemon athletica inc. ( LULU ) is -4.85 at $61.05, with 653,329 shares traded.LULU is scheduled to provide an earnings report on 3/21/2013, for the fiscal quarter ending Jan2013. The consensus earnings per share forecast is 0.74 per share, which represents a 51 percent increase over the EPS one Year Ago
Hospitality Properites Trust ( HPT ) is -1.68 at $25.51, with 613,017 shares traded. HPT's current last sale is 91.11% of the target price of $28.
Sirius XM Radio Inc. ( SIRI ) is +0.02 at $3.12, with 453,937 shares traded. SIRI's current last sale is 94.55% of the target price of $3.3.
Dell Inc. ( DELL ) is +0.16 at $14.33, with 370,200 shares traded. DELL's current last sale is 110.23% of the target price of $13.
Harvest Natural Resources Inc ( HNR ) is -2.6 at $2.89, with 364,555 shares traded. HNR's current last sale is 25.13% of the target price of $11.5.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.25 at $68.61, with 354,786 shares traded. This represents a 14.27% increase from its 52 Week Low.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell Inc. ( DELL ) is +0.16 at $14.33, with 370,200 shares traded. DELL's current last sale is 110.23% of the target price of $13. The following are the most active stocks for the pre-market session : Bank of America Corporation ( BAC ) is +0.25 at $12.81, with 3,462,250 shares traded.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Dell Inc. ( DELL ) is +0.16 at $14.33, with 370,200 shares traded. DELL's current last sale is 110.23% of the target price of $13.
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Dell Inc. ( DELL ) is +0.16 at $14.33, with 370,200 shares traded. DELL's current last sale is 110.23% of the target price of $13. The consensus earnings per share forecast is 0.74 per share, which represents a 51 percent increase over the EPS one Year Ago Hospitality Properites Trust ( HPT ) is -1.68 at $25.51, with 613,017 shares traded.
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DELL's current last sale is 110.23% of the target price of $13. Dell Inc. ( DELL ) is +0.16 at $14.33, with 370,200 shares traded. The NASDAQ 100 Pre-Market Indicator is up 8.14 to 2,800.44.
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ba7f8ecb-070e-4816-ae53-ccbc0ea95dce
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726493.0
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2013-03-16 00:00:00 UTC
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Billionaire Carl Icahn: Pitbull At The Gate, Dell (DELL), Herbalife (HLF) And More
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DELL
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https://www.nasdaq.com/articles/billionaire-carl-icahn-pitbull-gate-dell-dell-herbalife-hlf-and-more-2013-03-16
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nan
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nan
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Be sure to check out our detailed stock analysis (click here). It seems everywhere we look, Carl Icahn is nipping at some company's heels, getting ready to bite. He is the ultimate alpha investor. The CBS program "60 Minutes" profiled him in August 2008 and called his effect on a company's share price the "Icahn Lift." The premise behind this is that Icahn boosts the value of a company's share price for other investors when he buys stock in that particular company (check out all of Icahn's stock picks).
Icahn started his style of investing in the 1970s and 80s. The press originally called him a "Greenmailer" as companies would just pay him off to go away. In other words they paid a premium for his shares to leave the company alone. In the late 1980s and 90s, Icahn became known as a "Corporate Raider" after he bought entire companies using cash and debt. Today he's known as an "Activist Investor." But as Icahn told "60 Minutes," he's been doing the same thing all along, which is identify an undervalued company and use his deep pockets to angle for change in the company's strategy and boost the stock price. When Icahn wins, other investors win as well because investors are investing right alongside him. Let's take a look at where Icahn is currently investing.
Dell ( DELL )
Dell founder Michael Dell is attempting to take the company he founded private in a leveraged buyout at $13.65 a share. Many shareholders have opposed this move and have voiced their displeasure, but to no avail. Now they have a key ally in their fight in the form of Carl Icahn . In an interview with Bloomberg, Icahn said "I simply think that Dell is paying too little for the company and I'd like to note that other investors have said that before me." Icahn has threatened years of litigation if Dell succeeds in taking the company private at what Icahn sees as too cheap of a price. Considering that the company has $7.35 per share in cash on its balance sheet, a buyout price of $13.65 is valuing the company's core business at just $6.30 a share. I'd have to agree with Icahn on this one (see more about other Dell opposition).
Herbalife ( HLF )
Carl Icahn is going up against hedge fund manager Bill Ackman over Herbalife. Ackman has publicly stated that Herbalife is a pyramid scheme and that he has shorted $1 billion of the company's shares. The stock traded as low as $24.24 after Ackman came public with his claims. The company's share price has been climbing steadily higher and Icahn accumulated his position between $35 and $38. The stock popped from $38 to $46 after Icahn's stake was disclosed. The company is currently trading at $41.50. Icahn recently upped his stake to 15.55% by buying an additional 2 million shares (read more on Icahn v. Ackman).
In looking at the company's business and financials, one sees a very profitable company. The company has been in business since 1980. In looking at one of Ackman's main points that the company is a pyramid scheme, a pyramid scheme doesn't go overlooked for over 30 years. And the company's business is highly profitable. Herbalife has a PEG ratio of 0.59 and an operating margin of 16.24%. The financials argue in favor of Icahn.
Transocean ( RIG )
Icahn is using his various tactics to angle for change at Transocean. Icahn wants a $4 dividend declared, and the company's board and chairman replaced. Before Icahn got involved, the stock was trading at $44 per share last December. Once his stake was disclosed in January, the stock shot to a 52-week high of $59.50. The company is currently trading at $53.13. From a valuation standpoint, Transocean does look extremely undervalued. The company has a current PEG ratio, or Price/Earnings divided by annual earnings per share growth, of 0.52. Transocean has an operating margin of 18.32% and a current book value per share of $43.50. Icahn added Transocean to his portfolio during the fourth quarter, making it his tenth largest position.
Navistar International ( NAV )
Icahn owns 11.8 million shares of Navistar, and his former employee and fellow activist Mark Rachesky recently disclosed that he owns a similar amount, joining his former mentor in the bid to change Navistar. So far, it's working. Shares jumped 45% last week as the company says a return to profitability is near. The company also appointed Chief Operating Officer Troy Clarke as the new CEO. Icahn, who has waged a campaign against Navistar management, endorsed the new hire. After the news was announced, the value of Icahn's stake in the company jumped from a value of $284 million to $414 million.
Netflix ( NFLX )
Last quarter Icahn disclosed in SEC filings that he had bought 10% of Netflix at around $58 per share. It was public information, and we all could have bought then. Many people have doubted Netflix and were short, with the company looking at 15% short interest. Not Icahn. Icahn has Netflix as his sixth largest position and makes up nearly 4% of his hedge fund's total value. In January the company reported a profit of 13 cents per share. Most analysts were expecting a 13 cent loss. The stock rose 24% after the news. Netflix is currently trading at $184.70. Imagine if you had bought when Icahn did? We all had the chance.
The Icahn Effect
The reason to invest alongside Icahn is that in many ways he fights for the little guy, the small shareholder. We don't have Icahn's immense wealth of over $20 billion. When he picks a fight with a company, they know he means business. He has the smarts and the firepower to get things done. The results speak for themselves with the money he has made for himself. It doesn't hurt if he makes a little for us along the way. Icahn was the second highest earner among hedge funds for 2012, making an impressive $1.9 billion and returning 28% for his hedge fund (see other higher earners here).About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Dell ( DELL ) Dell founder Michael Dell is attempting to take the company he founded private in a leveraged buyout at $13.65 a share. In an interview with Bloomberg, Icahn said "I simply think that Dell is paying too little for the company and I'd like to note that other investors have said that before me." Icahn has threatened years of litigation if Dell succeeds in taking the company private at what Icahn sees as too cheap of a price.
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Dell ( DELL ) Dell founder Michael Dell is attempting to take the company he founded private in a leveraged buyout at $13.65 a share. In an interview with Bloomberg, Icahn said "I simply think that Dell is paying too little for the company and I'd like to note that other investors have said that before me." Icahn has threatened years of litigation if Dell succeeds in taking the company private at what Icahn sees as too cheap of a price.
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Icahn has threatened years of litigation if Dell succeeds in taking the company private at what Icahn sees as too cheap of a price. Dell ( DELL ) Dell founder Michael Dell is attempting to take the company he founded private in a leveraged buyout at $13.65 a share. In an interview with Bloomberg, Icahn said "I simply think that Dell is paying too little for the company and I'd like to note that other investors have said that before me."
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Dell ( DELL ) Dell founder Michael Dell is attempting to take the company he founded private in a leveraged buyout at $13.65 a share. In an interview with Bloomberg, Icahn said "I simply think that Dell is paying too little for the company and I'd like to note that other investors have said that before me." Icahn has threatened years of litigation if Dell succeeds in taking the company private at what Icahn sees as too cheap of a price.
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083038ac-5a1e-4555-9564-fe5c195e4d9f
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726494.0
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2013-03-15 00:00:00 UTC
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Debt Before Dishonor: Financial Crisis Aversion Watch (part 3) - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/debt-dishonor-financial-crisis-aversion-watch-part-3-analyst-blog-2013-03-15
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nan
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nan
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Approaching the Ides of March, one could be forgiven for thinking that U.S. fiscal solvency is facing untimely demise at the hands of its own politicians, as Julius Caesar did over two thousand years ago. Dueling budgets have been released by the two Houses of Congress, with a yawning chasm between them in terms of spending, taxes and priorities.
There is some reform and restructuring in each, but if there is a reconciliation or compromise that is somewhere between the two positions, U.S. deficit spending will still be on track to make total federal debt escalate faster than Gross Domestic Product (GDP) can grow.
As I wrote a year and a half ago, and then again last spring, U.S. federal long bonds, or 'Treasurys,' have been in a secular bull market since early 1981, probably the longest extended such run in all history. That seems to have ended, as I predicted it eventually would, in July of last year, 2012. At that time, the ten-year Treasury' yield touched 1.47%, the thirty-year yield at 2.47%.
Since then, with some back and forth, the rates have risen to about 2.00% and 3.2%, respectively. This has already inflicted some damage on investors' portfolios. As rates are still very low, bond duration is still close to maturity, and, thus, the hurt has been approximately 4% and 10%, respectively, from the lowest points last summer. Thus, the coupon payments to investors have not kept pace with the loss in principal, let alone inflation, which is still around 2 - 3%.
The Effect on the Fed
The effect on U.S. federal government finances has not been significant thus far. Most of the outstanding debt is financed at the short end currently, so annual interest expense is well under $200 billion. Thus, a small fraction of the estimated total annual federal deficit of approximately $900 billion in the current fiscal year.
It is through the 'financial repression' of the U.S. Federal Reserve Board, the Central Bank, that this facilitation of borrowing -- originally instituted to help commercial and consumer borrowers, especially mortgagors and lender -- has allowed U.S. debt to grow fairly painlessly, so that its total outstanding level exceeds 100% of GDP. This ratio is now higher than that of other nations which have entered crisis mode, and which have had to drastically slash spending and raise taxes. This, in turn, lowered economic growth and expanded unemployment.
This year's annual federal deficit will exceed 6% of total GDP, which is also higher than that of nearly all the European nations that are undergoing restructuring -- Greece, Spain, Portugal, Ireland and Italy -- let alone the others that are undertaking austerity: Britain, France and Belgium. Such indebtedness is unprecedented for a developed nation that is not only in peacetime, but now in the fourth year of economic recovery, and the third year of employment growth.
The Effect on Consumer Spending
Consumer spending, business hiring and general economic growth are stoking credit demand. Population growth and recovery in economic activity are spurring demand for gasoline, diesel fuel, jet fuel and electric power. Both a severe drought last year and normalized demand have increased food prices.
Consumer prices in general have been rising by over 2% per annum for the past four years; spiking to over 3% on occasion. Yet the Fed's benchmark 30- and 90-day Treasury bill rates remain below 0.15% and 0.2%, respectively (at the most).
Meanwhile, the Fed continues to buy most of the new federal debt that is issued, expanding its balance sheet with assets that have begun to lose value, as long term interest rates climb. Intermediate rates, that is, the ones in the five to ten-year range, are also rising. The money that the Fed issues and Washington takes in is, in turn, spent mainly on current consumption and transfer payments for more current consumption, fueling current and future potential inflation.
The Effect on Bond Investment
Long bond investors -- domestic and foreign -- are already effectively demanding higher interest rates to compensate them for declining principal values. More importantly, they are declining purchasing power of the U.S. dollar, as inflation erodes it. For foreign investors, the pain of a declining dollar must be offset by a higher interest rate, or capital flows into the U.S. to fund its borrowing will diminish, as they already have to some extent.
Another factor is causing rates to rise: the U.S. economy is finally recovering more strongly, and corporate profits are rising beyond mere post-recession bounce-back. This is spurring interest in equities, and the stock market indices are rising to new record levels, drawing in more domestic and foreign investors.
Simultaneously, commodity and oil and gas prices have backed off highs of last year, and look set to remain tolerable, making consumer confidence rise and moderating costs for business. The energy and pipeline sectors are booming.
As business and equity investment have become more attractive, and credit demand has risen, bonds have become less attractive. Adding to this, house prices finally appear to have bottomed out and are rising again, and new construction is going on. Thus, real estate is once again more attractive; another asset class that is more alluring than bonds.
With both economic growth and inflation now significant, and credit growth rising, it is almost impossible to keep interest rates at a low level. While there remain millions of people who have been unemployed for years, the actual output gap in the economy is nearly closed; that is, output has now recovered to beyond the peak level of late 2007, early 2008.
Foreclosed properties, while still in considerable inventory, are being sold off at a lower, slower pace by banks, bought up by bargain-hunting investors, and rented out.
Private equity firms are finding plenty of attractive acquisition candidates, as evidenced by the recent Dell ( DELL ) and Heinz ( HNZ ) deals. Merger and acquisition activity has rebounded, although initial public offerings remain subdued. Motor vehicle sales and aircraft and rail equipment orders are robust.
Can/Will Spending Be Reined In?
Aside from the recent sequester action, which in the current fiscal year only reduces the increase in discretionary outlays by about $45 billion (essentially just cutting their growth rate in half while letting entitlement spending continue to balloon), there has been little done to rein in spending -- or raise revenue, or sell assets -- to narrow the deficit other than the payroll tax increase in January and the higher marginal rate on top earners.
Simplification and reform of personal and corporate income taxes could greatly improve efficiency, lower compliance costs, and bring in more revenue without increasing burdens on the economy. However, none of the proposals put forth by the main participants do enough to assure financial markets -- and bond investors in particular -- that total federal debt growth will slow down enough to allow the government to withstand a loss in confidence that could occur at any time.
The present structural deficit of 5%, and interest expense of 1%, cannot be ended by raising taxes alone. Such a tax hike would cripple consumer and business spending and investment and cause a severe recession, just as Greece and Spain are experiencing. Also, the tax rate rises and deduction limits that would be enacted to raise the revenue would not bring in the predicted or forecast amount of revenue; they never do, because the reduction in activity and income, and redirection of activity to other activities and jurisdictions will be more than forecast.
In the short term, there seems to be little that can be done to induce investors to continue to buy long bonds, or even intermediate ones. Thus, rates seem likely, with some gyrations, to continue to rise, putting federal finances further at risk.
Not all funding is possible using short-term borrowing. Some long-bond financing is required. Most of Washington appears to be determined to keep spending at current levels, and to continue to increase that spending at least as fast as the economy grows, with or without any increase in revenues that may be agreed upon.
What's Bad… and How It Might Get Worse
Total U.S. federal debt is now close to $17 trillion. The current average interest rate on it is around one percent. Should the U.S. Treasury be compelled to refund expiring debt at rates prevailing in a crisis of confidence, interest expense could vastly expand, ballooning the deficit to over 10% of GDP, which it just touched during the worst of the recession when revenues collapsed and borrowing escalated.
For instance, just a more normal yield curve for this point in the economic cycle, of 2.5% short-term rates, 3.5% intermediate, and 4.5% long-bond rates would result in a rough quadrupling of annual interest expense to nearly $700 billion in total. Since most U.S. federal debt is actually very short term, a spike in rates could bring even worse effects.
A full-fledged investor panic, such as Spain experienced, with a much lower debt-to-GDP ratio, could bring spreads over comparable German issues of four per cent or even more, along with a plunge in tax revenues as the economy heads into recession. The carnage in the bond markets would be dramatic.
Pension funds and investment managers would be forced to write down their assets. Some active investors, including some corporations, banks, investment banks, and other institutions, would become technically insolvent, and unable to borrow, forcing them into bankruptcy, as the real estate crisis did in 2007-8.
What You, the Investor, Should Do About This
At a minimum, individual and institutional investors should curtail their borrowing at the seductively low prevailing short-term interest rates of today to maintain or increase their investments in short, medium, or long-term bonds of any kind, be they federal, state, corporate, or high-yield. To be truly prudent, they should not only end all such borrowing, or the 'carry trade,' but also cut back their fixed income exposure to their fallback or minimum allocation level.
The slow, jagged climb of medium and long-term rates from their lows of last year is not only not an aberration or abnormal, it is entirely consistent with an economy that is recovering, and a federal government that is not restraining its spending to conform with its true, sustainable capacity. These rates will keep moving up, and not always with the occasional reversion downward, but more likely with sharp, destructive spikes upward as financial markets return to more normal, risk-averting characteristics, and out from under the artificial environment of financial suppression enforced by the Fed.
A true budget deal that brings debt growth under control could conceivably slow down this progress toward normality, but will not allow investors to remain in low-rate nirvana for much longer. The bond markets punished slow U.S. efforts to regain control over spending in the mid-1990's. They could so again, and sooner than expected. The warning signs are evident.
DELL INC (DELL): Free Stock Analysis Report
HEINZ (HJ) CO (HNZ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Private equity firms are finding plenty of attractive acquisition candidates, as evidenced by the recent Dell ( DELL ) and Heinz ( HNZ ) deals. DELL INC (DELL): Free Stock Analysis Report HEINZ (HJ) CO (HNZ): Free Stock Analysis Report To read this article on Zacks.com click here. This year's annual federal deficit will exceed 6% of total GDP, which is also higher than that of nearly all the European nations that are undergoing restructuring -- Greece, Spain, Portugal, Ireland and Italy -- let alone the others that are undertaking austerity: Britain, France and Belgium.
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DELL INC (DELL): Free Stock Analysis Report HEINZ (HJ) CO (HNZ): Free Stock Analysis Report To read this article on Zacks.com click here. Private equity firms are finding plenty of attractive acquisition candidates, as evidenced by the recent Dell ( DELL ) and Heinz ( HNZ ) deals. The Effect on Consumer Spending Consumer spending, business hiring and general economic growth are stoking credit demand.
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Private equity firms are finding plenty of attractive acquisition candidates, as evidenced by the recent Dell ( DELL ) and Heinz ( HNZ ) deals. DELL INC (DELL): Free Stock Analysis Report HEINZ (HJ) CO (HNZ): Free Stock Analysis Report To read this article on Zacks.com click here. The Effect on Bond Investment Long bond investors -- domestic and foreign -- are already effectively demanding higher interest rates to compensate them for declining principal values.
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Private equity firms are finding plenty of attractive acquisition candidates, as evidenced by the recent Dell ( DELL ) and Heinz ( HNZ ) deals. DELL INC (DELL): Free Stock Analysis Report HEINZ (HJ) CO (HNZ): Free Stock Analysis Report To read this article on Zacks.com click here. Most of the outstanding debt is financed at the short end currently, so annual interest expense is well under $200 billion.
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57deda3a-b9c6-4c02-91cf-84f551acd2ff
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726495.0
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2013-03-14 00:00:00 UTC
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Salesforce Issues Senior Notes - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/salesforce-issues-senior-notes-analyst-blog-2013-03-14
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nan
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nan
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In an effort to further its expansion plans, Salesforce.com ( CRM ), recently announced its plans to offer $1 billion in convertible senior notes to institutional investors through the private placement route.
The proceeds generated through the issue would be partially used to fund the company's prospective acquisitions and investments in technology and will also support its capital expenditure program.
Salesforce.com has been adopted a hedging strategy for its convertible note and warrant transactions, to prevent dilution of its converted shares.
The company's financial health looks decent, as there is no long term debt. The company is consistent with its capital expenditure plans, which is evident from the fact that it has incurred $50.5 million during the fourth quarter of 2013, and a total capex of $175.6 million in the fiscal year 2013.
Moreover, going forward the company plans continue with its capex plans, specially targeting its R&D for new product development and to fund acquisitions.
Salesforce has also spent quite a bit on acquisitions, which have always been the preferred route for picking up skilled and qualified human resources. This fact is reflected in the company's acquisition of Buddy Media Inc., last year, for $689 million. Buddy Media helps companies place advertisements on Facebook Inc. ( FB ) and Twitter Inc.
While acquisitions add value to a company's growing business, they increase the headcount leading to higher operating expense. We remain concerned about a sluggish business environment in Europe, coupled with currency headwinds and not-so-encouraging tech expenses that will have an impact on Salesforce's results.
The cloud market offers considerable opportunity for growth, although growth prospects have been rationalized to a considerable extent by the renewed focus of tech giants such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) in the cloud space.
Considering the situation, it is hard to predict Salesforce's success story, unless the company adopts other innovative business strategies to fuel growth.
Although the revenue expectation by the company for the first quarter of 2014 looks decent ($882 million to $887 million) reflecting a yearly increase of 27.0% to 28.0%, Salesforce projects a GAAP net loss per share in the range of 44 to 42 cents per share, as the company expects operating expense to remain high.
Salesforce shares carry a Zacks Rank #3 (Hold).
SALESFORCE.COM (CRM): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
FACEBOOK INC-A (FB): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The cloud market offers considerable opportunity for growth, although growth prospects have been rationalized to a considerable extent by the renewed focus of tech giants such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) in the cloud space. SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here. The proceeds generated through the issue would be partially used to fund the company's prospective acquisitions and investments in technology and will also support its capital expenditure program.
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SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here. The cloud market offers considerable opportunity for growth, although growth prospects have been rationalized to a considerable extent by the renewed focus of tech giants such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) in the cloud space. This fact is reflected in the company's acquisition of Buddy Media Inc., last year, for $689 million.
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SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here. The cloud market offers considerable opportunity for growth, although growth prospects have been rationalized to a considerable extent by the renewed focus of tech giants such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) in the cloud space. The company is consistent with its capital expenditure plans, which is evident from the fact that it has incurred $50.5 million during the fourth quarter of 2013, and a total capex of $175.6 million in the fiscal year 2013.
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The cloud market offers considerable opportunity for growth, although growth prospects have been rationalized to a considerable extent by the renewed focus of tech giants such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) in the cloud space. SALESFORCE.COM (CRM): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report FACEBOOK INC-A (FB): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here. Salesforce.com has been adopted a hedging strategy for its convertible note and warrant transactions, to prevent dilution of its converted shares.
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5102ef12-c79c-4087-a148-20fb1517e3da
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726496.0
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2013-03-14 00:00:00 UTC
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H-P Itanium Servers for EC - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/h-p-itanium-servers-for-ec-analyst-blog-2013-03-14
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nan
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nan
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Hewlett-Packard Co ( HPQ ) recently announced to have sealed a deal with European Commission ('EC') for an undisclosed sum. Per the deal terms, the Commission will deploy a host of servers from H-P to enhance its information technology ('IT') environment.
The European Commission is the executive body of the European Union ('EU') responsible for proposing legislation, implementing decisions, upholding the Union's treaties and day-to-day administrative affairs of the EU. EC has 27 member-states operating under its jurisdiction. With the help of H-P's Integrity Servers, the Commission will be able to deploy large mission-critical applications within its IT systems to help make decisions faster.
Introduced in Nov 2012, H-P's Integrity Server features Intel Corp. 's ( INTC ) Itanium chips, which run on Oracle Corp. 's ( ORCL ) software. The Itanium chips help in boosting processing speed for all computing applications. Combining the Itanium chips and H-P's enhanced UX operating system software, these Integrity Servers are able to process computing transactions as much as three times faster than previous Itanium-based servers and at the same time save more energy.
The advantages of the cost-effective servers forced EC to select H-P over other applicants. Along with the servers, EC will also adopt H-P's technology services and other related hardware/software support solutions to ensure a secure and reliable IT ecosystem.
H-P's Itanium-led servers faced great challenges before getting marketed. Assuming that Intel could stop the manufacture of Itanium chips due to its feared obsolescence, Oracle decided to stop developing software needed to run Itanium chip-based servers. H-P, being the major consumer of Itanium chips, was in a soup following Oracle's decision. But after a series of hearings, a California appeals court decided to reject Oracle's decision and directed the company to maintain its contractual obligations with H-P.
But the fact remains that Itanium chips are really expensive and are used in high-end servers due to which most organizations prefer to use Advanced Micro Devices Inc. 's ( AMD ) 64-bit x-86 chip and Intel's x86-based Xeon server chip family. Hence, the slower adoption rate for Itanium chip-led servers could be a negative for H-P, going forward.
Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. (DELL) are concerns, back-to-back product launches, growing exposure into enterprise storage space and continuous deal wins are encouraging.
Currently, H-P has a Zacks Rank #2 (Buy).
ADV MICRO DEV (AMD): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
ORACLE CORP (ORCL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. (DELL) are concerns, back-to-back product launches, growing exposure into enterprise storage space and continuous deal wins are encouraging. Introduced in Nov 2012, H-P's Integrity Server features Intel Corp. 's ( INTC ) Itanium chips, which run on Oracle Corp. 's ( ORCL ) software. Along with the servers, EC will also adopt H-P's technology services and other related hardware/software support solutions to ensure a secure and reliable IT ecosystem.
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Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. (DELL) are concerns, back-to-back product launches, growing exposure into enterprise storage space and continuous deal wins are encouraging. Introduced in Nov 2012, H-P's Integrity Server features Intel Corp. 's ( INTC ) Itanium chips, which run on Oracle Corp. 's ( ORCL ) software. Combining the Itanium chips and H-P's enhanced UX operating system software, these Integrity Servers are able to process computing transactions as much as three times faster than previous Itanium-based servers and at the same time save more energy.
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Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. (DELL) are concerns, back-to-back product launches, growing exposure into enterprise storage space and continuous deal wins are encouraging. Introduced in Nov 2012, H-P's Integrity Server features Intel Corp. 's ( INTC ) Itanium chips, which run on Oracle Corp. 's ( ORCL ) software. Combining the Itanium chips and H-P's enhanced UX operating system software, these Integrity Servers are able to process computing transactions as much as three times faster than previous Itanium-based servers and at the same time save more energy.
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Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. (DELL) are concerns, back-to-back product launches, growing exposure into enterprise storage space and continuous deal wins are encouraging. The advantages of the cost-effective servers forced EC to select H-P over other applicants. H-P, being the major consumer of Itanium chips, was in a soup following Oracle's decision.
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4554bdae-9012-4ca6-832d-9cead147b292
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726497.0
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2013-03-14 00:00:00 UTC
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Accenture Aids AXA Insurance - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/accenture-aids-axa-insurance-analyst-blog-2013-03-14
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nan
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nan
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Accenture Plc. ( ACN ), with its advanced solution, is helping the insurance company AXA Groupto improve its business process. Accenture implemented its Duck Creek Rating software at Quixa SpA. This has helped the Italian subsidiary of AXA improve product definition and deployment capabilities as well as the efficiency of its existing business management processes.
Quixa was on the lookout for a company that could help it with flexible product, rating and rules configuration capabilities while enhancing its integrated systems management capabilities. Accenture took 12-weeks to implement the Accenture Duck Creek Rating, which has improved Quixa's business process and customer relations, thereby helping the insurance business adapt to changing market conditions.
With the solution, the AXA subsidiary will be able to improve the quality of its services to independent agents and clients in the insurance sector. This solution will automate the customer relationship management system. Thus, the system will require lesser staff for supervision and will lower operating costs.
In the recent past, Accenture has been able to win several deals from the insurance sector. Improvement in business volume from this sector has been fueled by the acquisitions of insurance solution provider outfits such as Duck Creek (Jul 2011) and avVenta (Oct 2012).
These acquisitions have provided Accenture with better technical knowledge about the functioning of the insurance business. ACN's insurance clients are using this know-how to cater to the needs of their customers in changing market conditions, thereby improving their operational efficiency.
Insurance has been a major deal winner for Accenture over the last two years. However, we believe that the company's strategy to win deals at any cost has changed and the focus is now on winning deals that offer higher margins. Moreover, the competition in the insurance sector is also increasing with players like IBM(IBM ), DellInc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) coming up with cost effective solutions for the insurance sector.
The companies have also started aggressive marketing to grab a chunk of the insurance market, with a special focus on the emerging markets. Thus, we believe that Accenture has to come up with innovative and customized solutions for its insurance customers to maintain its current position in the market.
Currently, Accenture has a Zacks Rank #3 (Hold).
ACCENTURE PLC (ACN): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Moreover, the competition in the insurance sector is also increasing with players like IBM(IBM ), DellInc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) coming up with cost effective solutions for the insurance sector. ACCENTURE PLC (ACN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here.
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ACCENTURE PLC (ACN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the competition in the insurance sector is also increasing with players like IBM(IBM ), DellInc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) coming up with cost effective solutions for the insurance sector.
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ACCENTURE PLC (ACN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the competition in the insurance sector is also increasing with players like IBM(IBM ), DellInc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) coming up with cost effective solutions for the insurance sector.
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ACCENTURE PLC (ACN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, the competition in the insurance sector is also increasing with players like IBM(IBM ), DellInc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) coming up with cost effective solutions for the insurance sector.
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e8e4500e-b0c4-4d98-b9a9-9f672414dda4
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726498.0
|
2013-03-13 00:00:00 UTC
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Will PC Sales Ever Rebound?
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DELL
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https://www.nasdaq.com/articles/will-pc-sales-ever-rebound-2013-03-13
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nan
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nan
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There seems to be a flood of bad news for the PC industry every month. First the economy was blamed . Then the shift to tablets and the anticipation for Windows 8 (consumers were thought to have held off on making a purchase until the new OS arrived) took center stage.
In January, when PC sales had failed to receive the expected spike, Hewlett-Packard (NYSE: HPQ ), Dell (NASDAQ: DELL ) and other big players were blamed for the decline . Even Apple (NASDAQ: AAPL ) has been attributed to the fall of the personal computer, both in positive ways (iPad sales are replacing PC sales) and in negative ways (people are getting tired of buying new Mac and Windows machines).
Earlier this month it was revealed that touch screen Windows 8 machines could receive a 10 percent discount after Microsoft (NASDAQ: MSFT ) reportedly reduced the price of its OS. Even without the anticipated price cut, Apple, Dell and HP were this spring.
That may not the case, however. A new DigiTimes report indicates that PC makers may be unable to make a comeback next quarter.
"…Sentiment in the PC supply chain still remains weak, in view of orders received in March and second-quarter order visibility at PC chip suppliers, according to industry sources," DigiTimes' Cage Chao wrote. He added that some notebook brands have projected that "global demand for notebooks is likely to retreat by 15% in 2013, and therefore, the notebook market is unlikely to see a rebound in demand until the end of the third quarter of the year."
That third quarter increase could coincide with the long-awaited MacBook Air with Retina Display. While Apple has not confirmed when the Retina Air will be released, the firm is expected to expand its Retina portfolio this year. Aside from the iPad Mini 2, the MacBook Air is the most likely candidate for a Retina Display upgrade.
Apple could also bring its Retina Display to the iMac -- but only after the price has been reduced.
In June 2012 Global Equities Research analyst Trip Chowdhry estimated that a 50-inch Retina Display would . Critics and consumers quickly dismissed his comments, but his estimate was all but confirmed when Sony (NYSE: SNE ) announced that its first 4K Ultra HD television would retail for $25,000. (A 50-inch Retina Display is expected to meet or beat the resolution of a 4K set.) Samsung, LG and other manufacturers followed suit with a slate of 4K TVs in the $20,000 range.
In addition to the 50-inch estimate, Chowdhry said that a 17-inch Retina Display could add $700 to the cost of a device. Thus, a Retina Display iMac could be very expensive.
Follow me @LouisBedigianBZ
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In January, when PC sales had failed to receive the expected spike, Hewlett-Packard (NYSE: HPQ ), Dell (NASDAQ: DELL ) and other big players were blamed for the decline . Even without the anticipated price cut, Apple, Dell and HP were this spring. Then the shift to tablets and the anticipation for Windows 8 (consumers were thought to have held off on making a purchase until the new OS arrived) took center stage.
|
In January, when PC sales had failed to receive the expected spike, Hewlett-Packard (NYSE: HPQ ), Dell (NASDAQ: DELL ) and other big players were blamed for the decline . Even without the anticipated price cut, Apple, Dell and HP were this spring. Click here to start your 14 Day Trial of Benzinga Professional The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In January, when PC sales had failed to receive the expected spike, Hewlett-Packard (NYSE: HPQ ), Dell (NASDAQ: DELL ) and other big players were blamed for the decline . Even without the anticipated price cut, Apple, Dell and HP were this spring. Even Apple (NASDAQ: AAPL ) has been attributed to the fall of the personal computer, both in positive ways (iPad sales are replacing PC sales) and in negative ways (people are getting tired of buying new Mac and Windows machines).
|
In January, when PC sales had failed to receive the expected spike, Hewlett-Packard (NYSE: HPQ ), Dell (NASDAQ: DELL ) and other big players were blamed for the decline . Even without the anticipated price cut, Apple, Dell and HP were this spring. "…Sentiment in the PC supply chain still remains weak, in view of orders received in March and second-quarter order visibility at PC chip suppliers, according to industry sources," DigiTimes' Cage Chao wrote.
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dc00614d-b011-405d-af5e-c952fe89f990
|
726499.0
|
2013-03-12 00:00:00 UTC
|
H-P Takes Molson Coors to Cloud - Analyst Blog
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DELL
|
https://www.nasdaq.com/articles/h-p-takes-molson-coors-to-cloud-analyst-blog-2013-03-12
|
nan
|
nan
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Hewlett-Packard Co . ( HPQ ) recently announced to have sealed a business process outsourcing ('BPO') deal with bellwether brewer Molson Coors Brewing Co. ( TAP ) for an undisclosed sum. Per the deal terms, Molson Coors will adopt H-P's cloud-based services to streamline its business operations.
Denver, Colo-based Molson Coors is one of the world's largest brewers. It manages more than 65 leading beer brands and operates in 30 countries through its five subsidiaries. In order to reduce overhead costs and boost profitability, Molson Coors has undertaken restructuring initiatives. Among other plans, Molson Coors was eager to improve efficiencies in finance, administration and human resources. The brewer's selection of H-P's services goes hand-in-hand with the company's restructuring plans.
Per the contract, H-P will host certain back-office jobs such as the Finance and Human Resource process within its data center. The process outsourcing will allow Molson Coors to spend less time on supervision and focus more on generating new business ideas.
H-P's association with Molson Coors dates back to 2005, when the brewer took up its infrastructure services. Since 2008, the tech giant has been providing Molson Coors with its BPO services. The tie-up clearly shows the brewer's reliance on H-P's services, which is a positive for the tech giant's fundamentals. Molson Coors success with H-P's technology can lure other brewers to take up similar services from H-P to remain competitive, which could be another key driver.
Earlier this month, H-P sealed a deal with automatic test equipment manufacturer Teradyne Inc. ( TER ) for an undisclosed sum. Per the deal terms, Teradyne will deploy a host of networking solutions from H-P to replace the legacy networking system and enhance its information technology ('IT') infrastructure.
Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches, growing exposure into enterprise storage space and continuous deal wins are encouraging.
Currently, H-P has a Zacks Rank #2 (Buy).
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
MOLSON COORS-B (TAP): Free Stock Analysis Report
TERADYNE INC (TER): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches, growing exposure into enterprise storage space and continuous deal wins are encouraging. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report TERADYNE INC (TER): Free Stock Analysis Report To read this article on Zacks.com click here. ( HPQ ) recently announced to have sealed a business process outsourcing ('BPO') deal with bellwether brewer Molson Coors Brewing Co. ( TAP ) for an undisclosed sum.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report TERADYNE INC (TER): Free Stock Analysis Report To read this article on Zacks.com click here. Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches, growing exposure into enterprise storage space and continuous deal wins are encouraging. ( HPQ ) recently announced to have sealed a business process outsourcing ('BPO') deal with bellwether brewer Molson Coors Brewing Co. ( TAP ) for an undisclosed sum.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report TERADYNE INC (TER): Free Stock Analysis Report To read this article on Zacks.com click here. Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches, growing exposure into enterprise storage space and continuous deal wins are encouraging. Per the deal terms, Molson Coors will adopt H-P's cloud-based services to streamline its business operations.
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Though further indication of PC market slump in 2013, declining revenues and competition from Dell Inc. ( DELL ) are concerns, back-to-back product launches, growing exposure into enterprise storage space and continuous deal wins are encouraging. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report MOLSON COORS-B (TAP): Free Stock Analysis Report TERADYNE INC (TER): Free Stock Analysis Report To read this article on Zacks.com click here. Per the deal terms, Molson Coors will adopt H-P's cloud-based services to streamline its business operations.
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cce83191-4dbc-45eb-8ec1-1ab73429c6ca
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