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726500.0
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2013-03-12 00:00:00 UTC
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H-P Wins Insurance Deal - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/h-p-wins-insurance-deal-analyst-blog-2013-03-12
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nan
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nan
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Hewlett-Packard Company ( HPQ ) has secured a deal from AAA Northern California, Nevada & Utah Insurance Exchange (AAA NCNU IE). The insurance outfit selected HP to maintain and upgrade its mainframe setup. This is a part the insurance company's plans to become a national insurance player.
As per this agreement, HP will continue to provide necessary support to AAA NCNU IE's staff, which will help them maintain applications and manage the latter's database, providing support to membership, policies, claims and other business operations.
This is a unique combination, wherein AAA NCNU IE will leverage HP Data Center Services and other infrastructure services for its improve its daily operations. This will help AAA NCNU IE to provide better insurance products and services to its growing clientele.
Through deal wins and by adopting diversification strategies, HP is taking aggressive measures to enhance its operations and business model. The slump in its core computing market and cannibalization by tablets has driven this computing giant to take these measures.
Apart from insurance companies, the company is winning deals from FMCG companies like Procter& Gamble Co. ( PG ). PG has opted for HP Converged suites to achieve constant and uninterrupted IT services.
In today's technology-driven world, the enterprise storage space is one of the most enviable growth areas and we believe that HP is doing very well in this category. Moreover, providing solution related to a company's decision support system and automating the operation management process are other areas being slowly explored by HP.
While the PC market is expected to remain in the doldrums this year and declining revenues as well as competition from Dell Inc. ( DELL ) and Lenovo are concerns, back-to-back product launches and growing exposure to the enterprise storage space look encouraging.
Currently, HP has a Zacks Rank #2 (Buy). Investors may also consider technology stocks such as CA Inc. ( CA ), which has a Zacks Rank #2 (Buy).
CA INC (CA): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
PROCTER & GAMBL (PG): 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.
|
While the PC market is expected to remain in the doldrums this year and declining revenues as well as competition from Dell Inc. ( DELL ) and Lenovo are concerns, back-to-back product launches and growing exposure to the enterprise storage space look encouraging. CA INC (CA): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report PROCTER & GAMBL (PG): Free Stock Analysis Report To read this article on Zacks.com click here. Through deal wins and by adopting diversification strategies, HP is taking aggressive measures to enhance its operations and business model.
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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 PROCTER & GAMBL (PG): Free Stock Analysis Report To read this article on Zacks.com click here. While the PC market is expected to remain in the doldrums this year and declining revenues as well as competition from Dell Inc. ( DELL ) and Lenovo are concerns, back-to-back product launches and growing exposure to the enterprise storage space look encouraging. Apart from insurance companies, the company is winning deals from FMCG companies like Procter& Gamble Co. ( PG ).
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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 PROCTER & GAMBL (PG): Free Stock Analysis Report To read this article on Zacks.com click here. While the PC market is expected to remain in the doldrums this year and declining revenues as well as competition from Dell Inc. ( DELL ) and Lenovo are concerns, back-to-back product launches and growing exposure to the enterprise storage space look encouraging. As per this agreement, HP will continue to provide necessary support to AAA NCNU IE's staff, which will help them maintain applications and manage the latter's database, providing support to membership, policies, claims and other business operations.
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While the PC market is expected to remain in the doldrums this year and declining revenues as well as competition from Dell Inc. ( DELL ) and Lenovo are concerns, back-to-back product launches and growing exposure to the enterprise storage space look encouraging. CA INC (CA): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report PROCTER & GAMBL (PG): Free Stock Analysis Report To read this article on Zacks.com click here. This will help AAA NCNU IE to provide better insurance products and services to its growing clientele.
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b9540328-86b7-4442-a0ef-defb408fd41e
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726501.0
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2013-03-11 00:00:00 UTC
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Pre-Market Most Active for Mar 11, 2013 : QQQ, ARMH, BAC, NOK, CRP/CL, BCS, GNW, DELL, FB, C, HIMX, BBRY
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-mar-11-2013-qqq-armh-bac-nok-crpcl-bcs-gnw-dell-fb-c-himx-bbry-2013
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is down -2.29 to 2,801.82. The total Pre-Market volume is currently 4,429,583 shares traded.
The following are the most active stocks for the pre-market session :
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.15 at $68.62, with 1,385,895 shares traded. This represents a 14.29% increase from its 52 Week Low.
ARM Holdings plc ( ARMH ) is +0.17 at $42.61, with 749,576 shares traded. ARMH's current last sale is 101.45% of the target price of $42.
Bank of America Corporation ( BAC ) is +0.04 at $12.11, with 651,126 shares traded. BAC's current last sale is 93.15% of the target price of $13.
Nokia Corporation ( NOK ) is -0.1 at $3.58, with 455,712 shares traded. As reported in the last short interest update the days to cover for NOK is 8.366578; this calculation is based on the average trading volume of the stock.
Credit Suisse AG (CRP/CL) is +0.01 at $25.06, with 400,000 shares traded., following a 52-week high recorded in prior regular session.
Barclays PLC ( BCS ) is -0.5088 at $18.54, with 363,050 shares traded. As reported by Zacks, the current mean recommendation for BCS is in the "buy range".
Genworth Financial Inc ( GNW ) is +1 at $10.84, with 326,476 shares traded. GNW's current last sale is 123.89% of the target price of $8.75.
Dell Inc. ( DELL ) is +0.11 at $14.27, with 258,336 shares traded. DELL's current last sale is 109.77% of the target price of $13.
Facebook, Inc. ( FB ) is +0.21 at $28.17, with 232,807 shares traded. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Citigroup Inc. ( C ) is +0.29 at $46.97, with 194,216 shares traded., following a 52-week high recorded in prior regular session.
Himax Technologies, Inc. ( HIMX ) is +0.16 at $4.57, with 126,146 shares traded. As reported by Zacks, the current mean recommendation for HIMX is in the "strong buy range".
Research In Motion Limited ( BBRY ) is +0.19 at $13.25, with 91,379 shares traded. BBRY's current last sale is 132.5% of the target price of $10.
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 +0.11 at $14.27, with 258,336 shares traded. DELL's current last sale is 109.77% of the target price of $13. As reported in the last short interest update the days to cover for NOK is 8.366578; this calculation is based on the average trading volume of the stock.
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Dell Inc. ( DELL ) is +0.11 at $14.27, with 258,336 shares traded. DELL's current last sale is 109.77% of the target price of $13. The total Pre-Market volume is currently 4,429,583 shares traded.
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Dell Inc. ( DELL ) is +0.11 at $14.27, with 258,336 shares traded. DELL's current last sale is 109.77% of the target price of $13. The total Pre-Market volume is currently 4,429,583 shares traded.
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DELL's current last sale is 109.77% of the target price of $13. Dell Inc. ( DELL ) is +0.11 at $14.27, with 258,336 shares traded. The NASDAQ 100 Pre-Market Indicator is down -2.29 to 2,801.82.
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9811314a-a625-4157-ae05-b811703061d7
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726502.0
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2013-03-11 00:00:00 UTC
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H-P to Serve U.S Immigration Agency - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/h-p-to-serve-u.s-immigration-agency-analyst-blog-2013-03-11
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nan
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nan
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Hewlett-Packard Co. 's ( HPQ ) Enterprise Services unit was recently 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 will boost H-P's cash balance by $220.5 million.
Per the contract, H-P will manage the entire task of developing a call center platform, starting from recruiting and training personnel, setting up questionnaires (expected queries from prospective immigrants) and jotting down probable and satisfactory answers for the queries. For these services, H-P will implement its Customer Engagement Management Services.
H-P will also provide complete hardware support for the call centers. The hardware will include ProLiant DL380 Generation 7 servers, MSR30-20 routers, 5500-48G-PoE EI switches, ProBook 6560b notebook PCs powered by Intel Corp. 's ( INTC ) processors and LaserJet M9040 multifunction printers.
H-P's services will enable the U.S. immigration agency to serve new immigrants better and faster.
Earlier this year, H-P managed to retain a federal contract worth $543.0 million despite IBM Corp. 's ( IBM ) protest.
Back in June 2012, a contract was announced by the federal agency Department of Veterans Affairs. The 5-year wireless tracking contract required the 90 competing companies to provide a technology to reduce the number of lost equipment, monitor sterilization of medical devices and identify patients receiving recalled products.
H-P, considered to be the most competent one, was initially awarded the contract. In response, IBM challenged the agency's decision and its evaluation process before the U.S. Government Accountability Office ('GAO'), the agency to resolve contract disputes.
The GAO held the Department of VA guilty of not evaluating the proposal properly and ordered a re-run of the selection process.
The re-evaluation process turned out to be positive for H-P as the agency found H-P's technological support to be the most competent.
A win against IBM and the federal agency's continued reliance on its services is certainly a reason to cheer for H-P. Also, the continuous deal wins from the federal sector are encouraging, but the lower margins associated with the deals cap profitability.
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).
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
INTEL CORP (INTC): 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 and growing exposure into enterprise storage space are encouraging. DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. The hardware will include ProLiant DL380 Generation 7 servers, MSR30-20 routers, 5500-48G-PoE EI switches, ProBook 6560b notebook PCs powered by Intel Corp. 's ( INTC ) processors and LaserJet M9040 multifunction printers.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report INTEL CORP (INTC): 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. Earlier this year, H-P managed to retain a federal contract worth $543.0 million despite IBM Corp. 's ( IBM ) protest.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report INTEL CORP (INTC): 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. Per the contract, H-P will manage the entire task of developing a call center platform, starting from recruiting and training personnel, setting up questionnaires (expected queries from prospective immigrants) and jotting down probable and satisfactory answers for the queries.
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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 INTL BUS MACH (IBM): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report To read this article on Zacks.com click here. Earlier this year, H-P managed to retain a federal contract worth $543.0 million despite IBM Corp. 's ( IBM ) protest.
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163bd4d0-b148-48a6-9f45-f2bb9665fb1e
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726503.0
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2013-03-11 00:00:00 UTC
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Money For Nothing Triggers Deals - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/money-for-nothing-triggers-deals-analyst-blog-2013-03-11
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nan
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nan
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A spate of recent mega mergers and acquisitions(M&A) appear to be spurred at least partly by the availability of cheap corporate credit. Deals are also driven by the estimated $1 trillion in cash holdings of large companies. Keep in mind that private equity firms reportedly hold an estimated $190 billion or so of unexpended capital which they are eager to deploy. Among negative industry trends, private equity players are finding it tough to sell out and as a result, they are buying and selling portfolio holdings among themselves (tertiary buyouts).
Warren Buffet's Berkshire Hathaway Inc. ( BRK.A ) together with Brazilian private equity outfit 3G Capital is on its way to taking over all 56 varieties of iconic H. J. Heinz Company ( HNZ ) in a $23 billion deal. In a $24 billion transaction, the founder of Dell Inc. ( DELL ) is de-listing the company with help from private equity firm Silver Lake partners and Microsoft Corporation ( MSFT ), who will be minority partners.
Then, Comcast Corporation ( CMCSA ) bid almost $17 billion for the 49% remainder of NBC Universal still owned by General Electric Company ( GE ). The all-stock merger of AMR Corporation (AAMRQ) and US Airways Group, Inc.(LCC) will create the largest airline in the world with a market cap of $11 billion. Anheuser-Busch InBev SA/NV ( BUD ) re-submitted a $20 billion offer for the acquisition of Mexican brewer Grupo Modelo, of Corona fame. Finally, there is John Malone's Liberty Global Inc. (LBTYA) 's takeover of British cable company Virgin Media for about $15 billion in a cash-cum-stock deal.
Due to contributions from Michael Dell and the company's substantial cash holdings, Dell will not be as heavily leveraged, post buy-out, as assumed earlier. A consortium of banks, comprising Bank of America Corporation ( BAC ) and RBC Capital among others, revealed a credit program of about $14 to $15 billion.
Fitch Ratings cut Heinz's credit rating to junk status as Wells Fargo & Company ( WFC ) and JPMorgan Chase & Co. ( JPM ) unveiled a $14.1 billion borrowing program for the company. Heinz and Dell, along with other marquee deals, will increase the supply of high yield bonds (a k a junk bond) in the market.
Companies with investment grade credit quality are also increasingly turning to the corporate bond market for financing. For instance, Intel Corporation ( INTC ) and Abbott Laboratories ( ABT ) recently engaged in huge multi-billion dollar borrowings at super-low yields to fund share buyback or other requirements. More companies appear to be skewing their capital structures in favor of debt while maintaining favorable debt service coverage ratios.
Among supply side issues, high yield bond issuance hit a record last year and the robustness continues. Fund raising companies frequently used the proceeds to refinance higher interest-bearing loans. Then high yield bonds are increasingly being issued by private equity firms to fund their acquisitions. In any case, there is no doubt that the boom in high yield bonds has ensured access to financial markets for even those companies with the lowest credit quality.
On the demand side, corporate bonds are not just attractive to retail investors. They are also favored by institutional investors, such as insurance companies. In 2012, very low interest rates continued to force yield-starved investors to shift from the safety of Treasuries to more risky assets, such as high yield bonds. The interest in high yield bond funds was so great that some mutual funds, such as T. Rowe Price, even refused to take new investors. Fueled by robust demand, high yield bond yields breached crucial levels and roosted at sub-6% levels late last year. The decline in high yield bond yields noticeably reduced the charges for leveraged buyouts.
Subsequently, the tide changed course in early 2013 such that funds like iShares iBoxx $ High Yield Corporate Bd ( HYG ) faced redemption pressure for three or four weeks in a row. Consequently, high yield bond fund yields were temporarily back above the 6% mark. Despite the recent minor correction in high yield bond prices, bonds are still 'priced to perfection' with a yield to maturity that compares unfavorably with the earnings yield (inverse P/E) of the benchmark S&P 500.
Currently then, high yield bond yields translate into 400 to 500 basis points spread over comparable U.S. Treasury bonds. The risk premium today is on the lower side but not at its nadir. Market mavens still believe that there may be room for shrinkage of the premium.
This bullish outlook is supported by the low default rate for high yield bonds at about 3.2% recently versus the long-term track record of 4.5% or so. The outlook for the default rate is favorable in the medium term although there is some divergence of opinion between Standard & Poor's Ratings Services - a unit of The McGraw-Hill Companies, Inc. ( MHP ) and Moody's Corp. ( MCO ) about its future course. There are some signs of credit degradation with the proportion of credit hikes to credit downgrades turning negative recently.
As for deal-making capability, JPMorgan Chase & Co. is the numero uno among M&A arrangers and The Goldman Sachs Group, Inc. ( GS ) as another leader. Investment bankers have seen their fortunes soar in line with the growing appetite for high yield bonds, which provides a point of cheer in a season of layoffs on Wall Street. JPMorgan Chase & Co. and Deutsche Bank AG ( DB ) are just two investment banking boutiques whose high yield arms have done well.
BARNES GRP (B): Free Stock Analysis Report
BERKSHIRE HTH-A (BRK.A): Free Stock Analysis Report
COMCAST CORP A (CMCSA): Free Stock Analysis Report
DEUTSCHE BK AG (DB): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
HEINZ (HJ) CO (HNZ): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
LIBERTY GLBL-A (LBTYA): Free Stock Analysis Report
US AIRWAYS GRP (LCC): Free Stock Analysis Report
MOODYS CORP (MCO): Free Stock Analysis Report
MCGRAW-HILL COS (MHP): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
WELLS FARGO-NEW (WFC): 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.
|
In a $24 billion transaction, the founder of Dell Inc. ( DELL ) is de-listing the company with help from private equity firm Silver Lake partners and Microsoft Corporation ( MSFT ), who will be minority partners. Due to contributions from Michael Dell and the company's substantial cash holdings, Dell will not be as heavily leveraged, post buy-out, as assumed earlier. Heinz and Dell, along with other marquee deals, will increase the supply of high yield bonds (a k a junk bond) in the market.
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BARNES GRP (B): Free Stock Analysis Report BERKSHIRE HTH-A (BRK.A): Free Stock Analysis Report COMCAST CORP A (CMCSA): Free Stock Analysis Report DEUTSCHE BK AG (DB): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report HEINZ (HJ) CO (HNZ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report LIBERTY GLBL-A (LBTYA): Free Stock Analysis Report US AIRWAYS GRP (LCC): Free Stock Analysis Report MOODYS CORP (MCO): Free Stock Analysis Report MCGRAW-HILL COS (MHP): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. In a $24 billion transaction, the founder of Dell Inc. ( DELL ) is de-listing the company with help from private equity firm Silver Lake partners and Microsoft Corporation ( MSFT ), who will be minority partners. Due to contributions from Michael Dell and the company's substantial cash holdings, Dell will not be as heavily leveraged, post buy-out, as assumed earlier.
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BARNES GRP (B): Free Stock Analysis Report BERKSHIRE HTH-A (BRK.A): Free Stock Analysis Report COMCAST CORP A (CMCSA): Free Stock Analysis Report DEUTSCHE BK AG (DB): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report GOLDMAN SACHS (GS): Free Stock Analysis Report HEINZ (HJ) CO (HNZ): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report LIBERTY GLBL-A (LBTYA): Free Stock Analysis Report US AIRWAYS GRP (LCC): Free Stock Analysis Report MOODYS CORP (MCO): Free Stock Analysis Report MCGRAW-HILL COS (MHP): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report To read this article on Zacks.com click here. In a $24 billion transaction, the founder of Dell Inc. ( DELL ) is de-listing the company with help from private equity firm Silver Lake partners and Microsoft Corporation ( MSFT ), who will be minority partners. Due to contributions from Michael Dell and the company's substantial cash holdings, Dell will not be as heavily leveraged, post buy-out, as assumed earlier.
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Heinz and Dell, along with other marquee deals, will increase the supply of high yield bonds (a k a junk bond) in the market. In a $24 billion transaction, the founder of Dell Inc. ( DELL ) is de-listing the company with help from private equity firm Silver Lake partners and Microsoft Corporation ( MSFT ), who will be minority partners. Due to contributions from Michael Dell and the company's substantial cash holdings, Dell will not be as heavily leveraged, post buy-out, as assumed earlier.
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60fb9ce2-a2d8-49fa-a4d1-c5de5c4f3a42
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726504.0
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2013-03-08 00:00:00 UTC
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Accenture Gets Trinity Health Order - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/accenture-gets-trinity-health-order-analyst-blog-2013-03-08
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nan
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nan
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Accenture plc ( ACN ) recently secured an order from Trinity Health for its Unified Clinical Organization (UCO) model designed to improve care co-ordination and patient outcomes..
In accordance with the agreement, Accenture provided a standardized platform to increase the efficiency in Trinity's IT system, advancing its clinical and disease management processes across 49 Trinity hospitals.
This has enhanced the modern life saving process, as it has resulted in an 18.0% reduction in mortality rates, saving a total of 400 lives due to proactive management.
Competition is close on its heels, however, with tech behemoths like IBM ( IBM ) and Dell Inc . (DELL ), as well as a host of smaller players looking for a share of the healthcare market. Given the size and growth prospects of the healthcare market and the scope for technology purchases in the segment, Accenture should be able to carve out its own niche.
Over the last decade, Accenture has successfully won many deals across different verticles. However, we believe that it is time for the company to focus on deals with higher margins. A series of contract wins at the beginning of 2013 is certainly a good start for Accenture.
Although cloud-based solutions provided by Accenture seem to be in demand for companies across the world, post implementation challenges faced by different companies may be a cause of concern for this leading global IT company. This may have an impact on the real-time client output and efficiency. At times, companies incur financial and business losses for not having a customized cloud solution.
Currently, Accenture has a Zacks Rank #3 (Hold). Investors may also look into other technology stocks, which are better positioned such as Corelogic Inc. ( CLGX ) with a Zacks Rank #1 (Strong Buy) and Computer Sciences Corp. ( CSC ) with a Zacks Rank #2 (Buy).
ACCENTURE PLC (ACN): Free Stock Analysis Report
CORELOGIC INC (CLGX): Free Stock Analysis Report
COMP SCIENCE (CSC): Free Stock Analysis Report
DELL INC (DELL): 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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Competition is close on its heels, however, with tech behemoths like IBM ( IBM ) and Dell Inc . (DELL ), as well as a host of smaller players looking for a share of the healthcare market. ACCENTURE PLC (ACN): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report COMP SCIENCE (CSC): Free Stock Analysis Report DELL INC (DELL): 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 CORELOGIC INC (CLGX): Free Stock Analysis Report COMP SCIENCE (CSC): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Competition is close on its heels, however, with tech behemoths like IBM ( IBM ) and Dell Inc . (DELL ), as well as a host of smaller players looking for a share of the healthcare market.
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ACCENTURE PLC (ACN): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report COMP SCIENCE (CSC): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Competition is close on its heels, however, with tech behemoths like IBM ( IBM ) and Dell Inc . (DELL ), as well as a host of smaller players looking for a share of the healthcare market.
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Competition is close on its heels, however, with tech behemoths like IBM ( IBM ) and Dell Inc . (DELL ), as well as a host of smaller players looking for a share of the healthcare market. ACCENTURE PLC (ACN): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report COMP SCIENCE (CSC): Free Stock Analysis Report DELL INC (DELL): 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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f5d09bed-804b-43e7-adda-684441262c97
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726505.0
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2013-03-07 00:00:00 UTC
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Apple Rumored to Sell Fewer iPads Than Expected in 2013
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DELL
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https://www.nasdaq.com/articles/apple-rumored-sell-fewer-ipads-expected-2013-2013-03-07
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nan
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nan
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Apple (NASDAQ: AAPL ) has reportedly reduced its full-year orders for the iPad, indicating that the company plans to sell fewer units in 2013 than previously anticipated. According to DigiTimes , Apple thought that it could ship 100 million tablets before the year's end. Individually, the company planned to ship 60 million full-size iPads and 40 million iPad Mini units.
It would be an enormous accomplishment for the Mac maker to ship that many iPads, as it took Apple roughly two years to sell the first 100 million units. The iPad Mini is performing very well, however, which apparently gave Apple hope that it could set a new record.
Now "industry sources" have told DigiTimes that Apple only expects to ship 33 million full-size iPads and 55 million iPad Mini units. If true, Apple would send 88 million tablets to retail this year -- 12 percent less than anticipated.
By adjusting its overall shipments and the volume of each unit (iPad Mini sales are now expected to outpace the full-size model), Apple is sending the message that its original stance toward seven-inch tablets was dead wrong.
Steve Jobs was vehemently against the idea of building a smaller tablet. The Apple co-founder's initial pushback seemed to be a wise move, as it led to the creation of a multi-billion-dollar empire that continuously thwarted the competition.
The first, second and third-generation iPads have outsold every competitor on the market. Dell (NASDAQ: DELL ), Hewlett-Packard (NYSE: HPQ ), Samsung, Google (NASDAQ: GOOG ), Amazon (NASDAQ: AMZN ) and Barnes & Noble (NYSE: BKS ) could barely compete.
Only after lowering prices to $200 and below are tablet manufacturers starting to make progress in this Apple-dominated market.
Even if Apple has lowered its internal expectations for the iPad, there is no reason to believe that sales are beginning to slow. Rather, it might simply be that Apple and/or its suppliers had far greater (and far more realistic) hopes for these iDevices.
If Apple sold just 50 million tablets this year, it would be fairly impressive. The new estimate (88 million) would set a new record for the firm -- and come very close to the number of iPhones Apple sold in 2011.
iPads are unlikely to outsell the iPhone during any given period. Smartphones are infinitely more popular than tablets, and are also much more replaceable. While tablets are built and promoted as PC alternatives, consumers think that smartphones are throwaway devices.
This attitude has helped the smartphone market stay young, but it could have limitations. A well-protected iPhone (ex: one that hasn't been dropped on cement) is likely to last more than the length of a two-year contract. Consumers are eager to upgrade anyway because of the added benefits (new features, a faster processor, an improved camera, etc.) of buying the latest iPhone.
If that changes -- if the annual upgrades start to lose their luster -- iPad sales could finally begin to exceed those of the iPhone.
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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Dell (NASDAQ: DELL ), Hewlett-Packard (NYSE: HPQ ), Samsung, Google (NASDAQ: GOOG ), Amazon (NASDAQ: AMZN ) and Barnes & Noble (NYSE: BKS ) could barely compete. Apple (NASDAQ: AAPL ) has reportedly reduced its full-year orders for the iPad, indicating that the company plans to sell fewer units in 2013 than previously anticipated. By adjusting its overall shipments and the volume of each unit (iPad Mini sales are now expected to outpace the full-size model), Apple is sending the message that its original stance toward seven-inch tablets was dead wrong.
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Dell (NASDAQ: DELL ), Hewlett-Packard (NYSE: HPQ ), Samsung, Google (NASDAQ: GOOG ), Amazon (NASDAQ: AMZN ) and Barnes & Noble (NYSE: BKS ) could barely compete. Individually, the company planned to ship 60 million full-size iPads and 40 million iPad Mini units. Now "industry sources" have told DigiTimes that Apple only expects to ship 33 million full-size iPads and 55 million iPad Mini units.
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Dell (NASDAQ: DELL ), Hewlett-Packard (NYSE: HPQ ), Samsung, Google (NASDAQ: GOOG ), Amazon (NASDAQ: AMZN ) and Barnes & Noble (NYSE: BKS ) could barely compete. Individually, the company planned to ship 60 million full-size iPads and 40 million iPad Mini units. Now "industry sources" have told DigiTimes that Apple only expects to ship 33 million full-size iPads and 55 million iPad Mini units.
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Dell (NASDAQ: DELL ), Hewlett-Packard (NYSE: HPQ ), Samsung, Google (NASDAQ: GOOG ), Amazon (NASDAQ: AMZN ) and Barnes & Noble (NYSE: BKS ) could barely compete. Individually, the company planned to ship 60 million full-size iPads and 40 million iPad Mini units. Now "industry sources" have told DigiTimes that Apple only expects to ship 33 million full-size iPads and 55 million iPad Mini units.
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6ad1c59a-591a-491f-8d17-a02c79975851
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726506.0
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2013-03-07 00:00:00 UTC
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A Positive Jobs Surprise Tomorrow? - Ahead of Wall Street
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DELL
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https://www.nasdaq.com/articles/positive-jobs-surprise-tomorrow-ahead-wall-street-2013-03-07
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nan
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nan
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Thursday, March 7, 2013
The backdrop for today's trading action is a bit mixed, but that may not be enough to prompt stocks to climb down from record levels as they wait for the key labor market reading tomorrow.
In terms of data, the weekly Jobless Claims numbers dropped further in the right direction, trade deficit expanded, and the first revision to fourth quarter productivity came in a tad weaker than expected. Beyond the U.S. shores, monetary policy actions from the European Central Bank (ECB) and Bank of England came in as expected, with both central banks leaving short-term interest rates unchanged.
But the big report on the economic front is Friday's non-farm payroll report for February, for which today's better than expected Jobless Claims number is not exactly relevant from a timing perspective. The survey for today's claims was conducted two weeks after the government jobs survey, so the initial claims data does not help us in drawing conclusions about Friday's jobs tally from the Bureau of Labor Statistics (BLS). But Wednesday's ADP report matched exactly the survey period for tomorrow's BLS report and the ADP report is pointing towards positive momentum in the labor market.
Consensus expectations for Friday's BLS report (+170K private sector and +160K in total jobs) have not moved up following the better than expected ADP report given concerns about the potential negative impact of the Northeast snowstorms on the data. But the odds are high that we will get a positive surprise tomorrow. The reason for my optimism is the trend in weekly Jobless Claims in recent weeks and also the employment components of the ISM surveys. With initial claims less than 350K, it is reasonable to expect monthly BLS jobs in the 200K vicinity. That's why barring any snowstorm distortions, I will be looking for a strong BLS report tomorrow.
In corporate news, Dell's ( DELL ) effort to go private have taken an interesting turn, with Carl Icahn joining the fray by taking a position in the troubled PC maker. In earnings reports, we have weaker than expected results from PetSmart ( PETM ) and DryShips ( DRYS ), while data-equipment maker Ciena ( CIEN ) coming out ahead of expectations.
Sheraz Mian
Director of Research
CIENA CORP (CIEN): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
DRYSHIPS INC (DRYS): Free Stock Analysis Report
PETSMART INC (PETM): Free Stock Analysis Report
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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 corporate news, Dell's ( DELL ) effort to go private have taken an interesting turn, with Carl Icahn joining the fray by taking a position in the troubled PC maker. Sheraz Mian Director of Research CIENA CORP (CIEN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DRYSHIPS INC (DRYS): Free Stock Analysis Report PETSMART INC (PETM): Free Stock Analysis Report To read this article on Zacks.com click here. Thursday, March 7, 2013 The backdrop for today's trading action is a bit mixed, but that may not be enough to prompt stocks to climb down from record levels as they wait for the key labor market reading tomorrow.
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Sheraz Mian Director of Research CIENA CORP (CIEN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DRYSHIPS INC (DRYS): Free Stock Analysis Report PETSMART INC (PETM): Free Stock Analysis Report To read this article on Zacks.com click here. In corporate news, Dell's ( DELL ) effort to go private have taken an interesting turn, with Carl Icahn joining the fray by taking a position in the troubled PC maker. In earnings reports, we have weaker than expected results from PetSmart ( PETM ) and DryShips ( DRYS ), while data-equipment maker Ciena ( CIEN ) coming out ahead of expectations.
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Sheraz Mian Director of Research CIENA CORP (CIEN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DRYSHIPS INC (DRYS): Free Stock Analysis Report PETSMART INC (PETM): Free Stock Analysis Report To read this article on Zacks.com click here. In corporate news, Dell's ( DELL ) effort to go private have taken an interesting turn, with Carl Icahn joining the fray by taking a position in the troubled PC maker. But Wednesday's ADP report matched exactly the survey period for tomorrow's BLS report and the ADP report is pointing towards positive momentum in the labor market.
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Sheraz Mian Director of Research CIENA CORP (CIEN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DRYSHIPS INC (DRYS): Free Stock Analysis Report PETSMART INC (PETM): Free Stock Analysis Report To read this article on Zacks.com click here. In corporate news, Dell's ( DELL ) effort to go private have taken an interesting turn, with Carl Icahn joining the fray by taking a position in the troubled PC maker. But Wednesday's ADP report matched exactly the survey period for tomorrow's BLS report and the ADP report is pointing towards positive momentum in the labor market.
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a3081426-5386-46ba-a398-cc5d02819e1d
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726507.0
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2013-03-07 00:00:00 UTC
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Mason Hawkins, DELL Shareholder Shakeup
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DELL
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https://www.nasdaq.com/articles/mason-hawkins-dell-shareholder-shakeup-2013-03-07
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nan
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nan
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Shareholder opposition grows as computer maker Dell Inc. ( DELL ) defends its planned leveraged buyout at $24.4 billion. In his latest trade on March 5, 2013, major DELL stakeholder Mason Hawkins , Chairman of Southeastern Asset Management, reduced his DELL shares by -0.13% at the average price of $13.5 that day, as reported in the latest 13D filings by Mason Hawkins . Hawkins now owns 146,612,358 shares, about 8.4% of the company. The stock price has changed by 0%. See Dell's 10-year here .
Coinciding with the reduction, Southeastern Asset Management repeated its earlier charge that DELL had placed management's interests above those of shareholders. The company criticized Dell for allegedly refusing to comment on the proposed buyout or provide investors with the results of certain segments from last year.
In February 2013, Dell's largest outside investor and long-term holder Southeastern Asset Management had bought more shares while opposing the deal, saying that the deal "grossly undervalued the company." One of the largest stakeholders in Dell, Mason Hawkins has been Chairman and Chief Executive Officer Southeastern Asset Management since 1975. He and his partners manage the Longleaf Partners Funds. With a quarter-over-quarter turnover of 8%, Southeastern Asset Management portfolio has 44 stocks with a total value of $22.22 billion. Mason Hawkins' portfolio top three weightings are financial services for 29.3%, EFT, options, preferred at 14.9%, and Basic Materials, 13.3%.
A firm believer in business appraisals, Mason Hawkins told GuruFocus in a past interview, "At Southeastern Asset Management, we are our largest client because of our collective personal investments in the Longleaf Partners Funds. You see your boss in the mirror each morning, and you're not trying to trick that person. You want to be very conservative with your appraisals." Explaining the value of Dell back in 2011, Mason Hawkins said, "In PCs you are basically a reseller for Windows and Intel. With storage, servers, and services, that is not the case. You have much, much higher gross margins." Read the full article here .
As a buy-and-hold type, Mason Hawkins invests in large positions of individual stocks and holds them for a long time. Southeastern has held Dell since 2005. The GuruFocus checkup on DELL shows that its operating margin is expanding and DELL's stock dividend yield (1.1%) is close a-year high, both good signs. The checkup did reveal that DELL revenue growth has slowed over the last year in the slowdown in overall PC sales. Over the past three years, DELL issued $4.5 billion of new debt but overall, its debt level is acceptable.
Mason Hawkins' DELL Holding History:
With a market cap of $24.41 billion and a P/E of 9.5, Dell Inc. offers a range of technology solutions, including servers and networking products, storage products, services, software and peripherals, mobility products and desktop PCs.
Dell's Annual Growth Rate over 10 Years:
DELL data by GuruFocus.com
Mason Hawkins Top Buys, Top Sells, Top Holdings:
Dell Inc., based in Round Rock, Texas, is actively soliciting alternative deals.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.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 company criticized Dell for allegedly refusing to comment on the proposed buyout or provide investors with the results of certain segments from last year. Shareholder opposition grows as computer maker Dell Inc. ( DELL ) defends its planned leveraged buyout at $24.4 billion. In his latest trade on March 5, 2013, major DELL stakeholder Mason Hawkins , Chairman of Southeastern Asset Management, reduced his DELL shares by -0.13% at the average price of $13.5 that day, as reported in the latest 13D filings by Mason Hawkins .
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In his latest trade on March 5, 2013, major DELL stakeholder Mason Hawkins , Chairman of Southeastern Asset Management, reduced his DELL shares by -0.13% at the average price of $13.5 that day, as reported in the latest 13D filings by Mason Hawkins . Dell's Annual Growth Rate over 10 Years: DELL data by GuruFocus.com Mason Hawkins Top Buys, Top Sells, Top Holdings: Dell Inc., based in Round Rock, Texas, is actively soliciting alternative deals. Shareholder opposition grows as computer maker Dell Inc. ( DELL ) defends its planned leveraged buyout at $24.4 billion.
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In his latest trade on March 5, 2013, major DELL stakeholder Mason Hawkins , Chairman of Southeastern Asset Management, reduced his DELL shares by -0.13% at the average price of $13.5 that day, as reported in the latest 13D filings by Mason Hawkins . Mason Hawkins' DELL Holding History: With a market cap of $24.41 billion and a P/E of 9.5, Dell Inc. offers a range of technology solutions, including servers and networking products, storage products, services, software and peripherals, mobility products and desktop PCs. Dell's Annual Growth Rate over 10 Years: DELL data by GuruFocus.com Mason Hawkins Top Buys, Top Sells, Top Holdings: Dell Inc., based in Round Rock, Texas, is actively soliciting alternative deals.
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In his latest trade on March 5, 2013, major DELL stakeholder Mason Hawkins , Chairman of Southeastern Asset Management, reduced his DELL shares by -0.13% at the average price of $13.5 that day, as reported in the latest 13D filings by Mason Hawkins . See Dell's 10-year here . Shareholder opposition grows as computer maker Dell Inc. ( DELL ) defends its planned leveraged buyout at $24.4 billion.
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9b4caff4-f9f0-4372-869f-5fd4cf3ef800
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726508.0
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2013-03-07 00:00:00 UTC
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Accenture Gets Trinity Health Order - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/accenture-gets-trinity-health-order-analyst-blog-2013-03-07
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nan
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nan
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Accenture plc. ( ACN ) recently secured an order from Trinity Health for its Unified Clinical Organization (UCO) model designed to improve care co-ordination and patient outcomes.
In accordance with the agreement, Accenture provided a standardized platform to increase the efficiency in Trinity's IT system, advancing its clinical and disease management processes across 49 Trinity hospitals.
This has enhanced the modern life saving process, as it has resulted in an 18.0% reduction in mortality rates, saving a total of 400 lives due to proactive management.
Competition is close on its heels however, with tech behemoths like IBM ( IBM ) and Dell Inc . ( DELL ), as well as a host of smaller players looking for a share of the healthcare market. Given the size and growth prospects of the healthcare market and the scope for technology purchases in the segment, Accenture should be able to carve out its own niche.
Over the last decade, Accenture has successfully won many deals across different product categories. However, we believe that it is time for the company to focus on deals with higher margins. A series of contract wins at the beginning of 2013 is certainly a good start for Accenture.
Although cloud-based solutions provided by Accenture seem to be in demand for companies across the world, post implementation challenges faced by different companies may be a cause of concern for this leading global IT company. This may have an impact on the real-time client output and efficiency. At times, companies incur financial and business losses for not having a customized cloud solution.
Currently, Accenture has a Zacks Rank #3 (Hold). Investors may also look into other technology stocks, which are better positioned such as Corelogic Inc. ( CLGX ) with a Zacks Rank #1 (Strong Buy).
ACCENTURE PLC (ACN): Free Stock Analysis Report
CORELOGIC INC (CLGX): Free Stock Analysis Report
DELL INC (DELL): 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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Competition is close on its heels however, with tech behemoths like IBM ( IBM ) and Dell Inc . ( DELL ), as well as a host of smaller players looking for a share of the healthcare market. ACCENTURE PLC (ACN): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report DELL INC (DELL): 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 CORELOGIC INC (CLGX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Competition is close on its heels however, with tech behemoths like IBM ( IBM ) and Dell Inc . ( DELL ), as well as a host of smaller players looking for a share of the healthcare market.
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ACCENTURE PLC (ACN): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Competition is close on its heels however, with tech behemoths like IBM ( IBM ) and Dell Inc . ( DELL ), as well as a host of smaller players looking for a share of the healthcare market.
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ACCENTURE PLC (ACN): Free Stock Analysis Report CORELOGIC INC (CLGX): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report To read this article on Zacks.com click here. Competition is close on its heels however, with tech behemoths like IBM ( IBM ) and Dell Inc . ( DELL ), as well as a host of smaller players looking for a share of the healthcare market.
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ba999b31-8dac-42e7-b97b-30748aabda7a
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726509.0
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2013-03-06 00:00:00 UTC
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H-P Seals a Deal with Teradyne - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/h-p-seals-a-deal-with-teradyne-analyst-blog-2013-03-06
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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 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 enhance its information technology ('IT') infrastructure.
Massachusetts-based Teradyne is a leading provider of automated test equipment for semiconductor testing, systems testing and wireless testing. The production process of test equipments is complex and involves software applications of gigantic sizes. Those applications need efficient networking architecture for downloading and smooth running on the systems.
Lately, Teradyne was facing problems with its existing networking system and disruptions in running applications were hampering the production process. H-P, with its rich industry exposure, was found suitable for providing the required networking support.
Teradyne deployed H-P's FlexNetwork Architecture, which is a key component of H-P Converged Infrastructure, and includes HP 10500 Switch Series, HP 5500 Switch Series and HP 5120 Switch Series to manage the network traffic.
With FlexNetwork, Teradyne has been able to reduce networking downtime by roughly 14 hours and minimized cost of network ownership by 35.0% to better integrate its server and storage systems. Teradyne also opted for HP Intelligent Management Center, HP Integrity BL860c i2 server blades and HP Care Pack Services.
H-P's Converged Infrastructure portfolio brings together servers, storage and networking products to manage data centers from a common platform. The Converged platform has been designed to make data center handling simpler, more flexible, efficient and cost effective.
Earlier, ace retailer Procter & Gamble Co. ( PG ) opted for H-P Converged suites to achieve constant and uninterrupted IT services.
In today's technology-driven world, the enterprise storage space is one of the most enviable growth areas and we believe that H-P is doing very well in this category.
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).
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
PROCTER & GAMBL (PG): 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.
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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 PROCTER & GAMBL (PG): Free Stock Analysis Report TERADYNE INC (TER): Free Stock Analysis Report To read this article on Zacks.com click here. Hewlett-Packard Co. ( HPQ ) recently announced to have sealed a deal with automatic test equipment manufacturer Teradyne Inc. ( TER ) for an undisclosed sum.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report PROCTER & GAMBL (PG): 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 and growing exposure into enterprise storage space are encouraging. Teradyne deployed H-P's FlexNetwork Architecture, which is a key component of H-P Converged Infrastructure, and includes HP 10500 Switch Series, HP 5500 Switch Series and HP 5120 Switch Series to manage the network traffic.
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DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report PROCTER & GAMBL (PG): 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 and growing exposure into enterprise storage space are encouraging. Teradyne deployed H-P's FlexNetwork Architecture, which is a key component of H-P Converged Infrastructure, and includes HP 10500 Switch Series, HP 5500 Switch Series and HP 5120 Switch Series to manage the network traffic.
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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 PROCTER & GAMBL (PG): Free Stock Analysis Report TERADYNE INC (TER): Free Stock Analysis Report To read this article on Zacks.com click here. Teradyne also opted for HP Intelligent Management Center, HP Integrity BL860c i2 server blades and HP Care Pack Services.
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1451be2e-0933-48e1-97af-f8a83c81946e
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726510.0
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2013-03-06 00:00:00 UTC
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IBM Spurs Growth With Focus On ‘Third Platform' Services
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DELL
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https://www.nasdaq.com/articles/ibm-spurs-growth-focus-third-platform-services-2013-03-06
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nan
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nan
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International Business Machines ( IBM ) has launched a new global initiative to tap into a rapidly growing "third platform", which consists of cloud services, mobile computing and big data analytics. IBM made this announcement at its PartnerWorld Leadership Conference 2013.
IBM's focus on cloud computing and analytics is already paying off as these divisions have seen high revenue growth in recent quarters. We expect these units will continue to drive growth in 2013, and IBM's focus on launching services based on this third platform will aid growth. According to IDC, worldwide IT spend will reach around $2.1 trilion in 2013, a y-o-y increase of over 5.7%. IDC has predicted that the primary driver for this spending would be the double-digit growth across third platform constituents. Emerging markets, expected to grow by 8.8% to exceed $730 billion in 2013, will further fuel IT spend. In its 2015 road map, IBM has stated these as the key factors in the overall growth strategy for the company.
See our full analysis on IBM
New intiatives to improve IBM profitability
IBM, in its 2015 road map, has stated that third platform services and emerging markets will be key drivers for revenue growth. IDC's prediction for emerging markets growth represents 34% of the expected IT worldwide spending in 2013, and more significantly, it represents 51% of all new growth in the IT. IDC has also projected mobile devices to grow by 20% to reach $413 billion in 2013, 57% of all IT market growth. Cloud computing has popularized Software as a Service (SaaS) and Platform as a Service (PaaS) and continues to complement existing IT solutions in the industry.
IBM has supplemented its product portfolio on the third platform. Some of the recent launches are as follows:
- IBM doc to recapture the lost Lotus notes share in a $7 billion enterprise e-mail market.
- SmartCloud storage that will interact with Tivoli Storage Productivity Center in the background.
- IBM Digital Analytics Technology, cloud-based and helps analyze big data to identify patterns in customer behavior.
- MobileFirst, a mobile solution that combines big-data analytics and cloud computing that will transform the business in emerging markets where poor infrastructure hinders businesses
Some of these new initiatives have started reaping benefits already. For 2012, business analytics revenue grew 13% while Smarter Planet revenue was up more than 25% and cloud revenue jumped nearly 80%. These high growth and high margin businesses explain the jump in IBM's EPS despite lower y-o-y revenues. Revenues in the BRIC countries - Brazil, Russia, India and China - expanded 7%.
Going forward, IBM can leverage its new initiatives to increase its revenues across different divisions. Currently, storage services account for $3.6 billion of IBM's revenue. With the new launch, SmartCloud Storage, IBM offering in its storage services to IT and non-IT departments has surpassed conventional storage services. Moreover, cloud storage is a cost effective solution for the emerging market.
Storage services to emerging markets are expected to see good growth in the coming year and will help IBM in stemming a decline in the division revenue. With the launch of big data analytics over cloud, IBM stands to grow its revenue in Global Business Services. GBS reported $18.6 billion in revenues for 2012. This segment contributes 17% to the top line of IBM and has seen growth in the previous fiscal year.
With new launches and initiatives, IBM can generate new revenue stream with new buyers such as the CFO, CMO. This will give a boost to GBS, and we expect that its contribution to the top line will increase gradually over the next seven years. The new initiatives on the third platform such as MobileFirst also supplement Middleware software business in device management, analytics and application development. Many of these services can be offered as SaaS or PaaS over cloud. We expect that the new initiatives in mobile computing will aid IBM in recouping the flagging revenue in middle-ware software division and increase sales through the integration of various offerings.
We currently have a $215 Trefis price estimate for IBM , which is about 5% higher than the current market price.
Understand How a Company's Products Impact its Stock Price at Trefis
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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International Business Machines ( IBM ) has launched a new global initiative to tap into a rapidly growing "third platform", which consists of cloud services, mobile computing and big data analytics. Storage services to emerging markets are expected to see good growth in the coming year and will help IBM in stemming a decline in the division revenue. We expect that the new initiatives in mobile computing will aid IBM in recouping the flagging revenue in middle-ware software division and increase sales through the integration of various offerings.
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See our full analysis on IBM New intiatives to improve IBM profitability IBM, in its 2015 road map, has stated that third platform services and emerging markets will be key drivers for revenue growth. IDC's prediction for emerging markets growth represents 34% of the expected IT worldwide spending in 2013, and more significantly, it represents 51% of all new growth in the IT. With the launch of big data analytics over cloud, IBM stands to grow its revenue in Global Business Services.
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International Business Machines ( IBM ) has launched a new global initiative to tap into a rapidly growing "third platform", which consists of cloud services, mobile computing and big data analytics. See our full analysis on IBM New intiatives to improve IBM profitability IBM, in its 2015 road map, has stated that third platform services and emerging markets will be key drivers for revenue growth. Storage services to emerging markets are expected to see good growth in the coming year and will help IBM in stemming a decline in the division revenue.
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IBM's focus on cloud computing and analytics is already paying off as these divisions have seen high revenue growth in recent quarters. Storage services to emerging markets are expected to see good growth in the coming year and will help IBM in stemming a decline in the division revenue. With the launch of big data analytics over cloud, IBM stands to grow its revenue in Global Business Services.
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a926e7aa-1a2f-4089-8921-6bbe180d09fc
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726511.0
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2013-03-06 00:00:00 UTC
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After Hours Most Active for Mar 6, 2013 : CX, SIRI, DTV, HHC, STJ, VALE/P, HST, TWO, VMED, PETM, CSCO, DELL
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-mar-6-2013-cx-siri-dtv-hhc-stj-valep-hst-two-vmed-petm-csco-dell
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.8 to 2,791.76. The total After hours volume is currently 28,386,048 shares traded.
The following are the most active stocks for the after hours session :
Cemex S.A.B. de C.V. ( CX ) is +0.01 at $11.43, with 5,509,300 shares traded. CX's current last sale is 108.86% of the target price of $10.5.
Sirius XM Radio Inc. ( SIRI ) is +0.005 at $3.24, with 5,019,266 shares traded. SIRI's current last sale is 98.18% of the target price of $3.3.
DIRECTV ( DTV ) is unchanged at $49.00, with 2,187,150 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2013. The consensus EPS forecast is $1.32. As reported by Zacks, the current mean recommendation for DTV is in the "buy range".
Howard Hughes Corporation (The) ( HHC ) is -0.5 at $76.50, with 1,507,657 shares traded.
St. Jude Medical, Inc. ( STJ ) is -0.03 at $41.62, with 1,369,167 shares traded. STJ's current last sale is 96.79% of the target price of $43.
VALE S.A. (VALE/P) is +0.1775 at $18.20, with 1,150,000 shares traded.
Host Hotels & Resorts, Inc. ( HST ) is +0.02 at $16.52, with 1,087,418 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.23. HST's current last sale is 91.78% of the target price of $18.
Two Harbors Investments Corp ( TWO ) is -0.05 at $12.95, with 819,397 shares traded. As reported by Zacks, the current mean recommendation for TWO is in the "buy range".
Virgin Media Inc. ( VMED ) is unchanged at $47.34, with 750,201 shares traded. VMED's current last sale is 125.4% of the target price of $37.75.
PetSmart, Inc ( PETM ) is -4.85 at $61.70, with 725,709 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2013. The consensus EPS forecast is $1.21. RTT News Reports: PetSmart Q4 Profit Rises, FY13 Outlook Weak; Shares Down
Cisco Systems, Inc. ( CSCO ) is -0.0446 at $21.66, with 622,422 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Apr 2013. The consensus EPS forecast is $0.45. , following a 52-week high recorded in today's regular session.
Dell Inc. ( DELL ) is -0.01 at $14.31, with 621,643 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2014. The consensus EPS forecast is $0.42. DELL's current last sale is 110.08% of the target price of $13.
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 -0.01 at $14.31, with 621,643 shares traded. DELL's current last sale is 110.08% 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 Dec 2013.
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Dell Inc. ( DELL ) is -0.01 at $14.31, with 621,643 shares traded. DELL's current last sale is 110.08% 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 Jan 2013.
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Dell Inc. ( DELL ) is -0.01 at $14.31, with 621,643 shares traded. DELL's current last sale is 110.08% of the target price of $13. The total After hours volume is currently 28,386,048 shares traded.
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Dell Inc. ( DELL ) is -0.01 at $14.31, with 621,643 shares traded. DELL's current last sale is 110.08% of the target price of $13. The NASDAQ 100 After Hours Indicator is down -.8 to 2,791.76.
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92c7f83f-7f1e-4469-8e72-e1b572260720
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726512.0
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2013-03-05 00:00:00 UTC
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PC Market Slump to Continue in 2013 - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/pc-market-slump-to-continue-in-2013-analyst-blog-2013-03-05
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nan
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nan
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The U.S.-based information technology (IT) research firm International Data Corporation ('IDC') forecasts yet another year of expected decline in the PC market. After witnessing a tough 2012, IDC predicts year-over-year shipment decline of 1.3% in 2013, as against the previous expectation of 2.8% growth. But the projected decline is somewhat better than a decline of 3.7% registered in 2012.
The year 2012 was a difficult one for the PC industry mostly due to the growing popularity of tablets, slow adoption of Microsoft Corp. 's ( MSFT ) Windows 8 and ongoing macro uncertainties, reflected by a soft holiday season and a tough IT spending environment. IDC also noticed a declining trend in the emerging markets as their transformation into matured markets is limiting growth.
In 2012, Hewlett-Packard Co. ( HPQ ) occupied the leading position with respect to shipments and market share. H-P was followed by Lenovo and Dell Inc. ( DELL ).
IDC expects most of the factors pulling down the PC market to persist in 2013 but expects better statistics from the emerging markets. Moreover, the research firm forecasts a better second half of 2013 buoyed by potential wide acceptance of Win 8 and a likely PC refresh cycle.
The declining PC market has forced Hewlett-Packard and Dell to diversify. Recently, H-P introduced a host of new offerings including a new BPO (business process outsourcing) solution, three desktop printers and two media players. H-P is also trying its luck with Slate 7, a tablet running on Google Inc. 's ( GOOG ) Android platform.
Both H-P and Dell are also craving for a wider exposure in the high-margin server, storage, networking and cloud computing markets. For this purpose, the companies have acquired a number of cloud-based software and hardware companies.
Currently, H-P has a Zacks Rank #2 (Buy) mainly due to its new offerings, its decision to divest WebOS and re-launch its tablet. On the other hand, Dell, which has filed for a leveraged buyout, has a Zacks Rank #3 (Hold).
DELL INC (DELL): Free Stock Analysis Report
GOOGLE INC-CL A (GOOG): 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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H-P was followed by Lenovo and Dell Inc. ( DELL ). The declining PC market has forced Hewlett-Packard and Dell to diversify. Both H-P and Dell are also craving for a wider exposure in the high-margin server, storage, networking and cloud computing markets.
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DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): 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. H-P was followed by Lenovo and Dell Inc. ( DELL ). The declining PC market has forced Hewlett-Packard and Dell to diversify.
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DELL INC (DELL): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): 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. H-P was followed by Lenovo and Dell Inc. ( DELL ). The declining PC market has forced Hewlett-Packard and Dell to diversify.
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H-P was followed by Lenovo and Dell Inc. ( DELL ). The declining PC market has forced Hewlett-Packard and Dell to diversify. Both H-P and Dell are also craving for a wider exposure in the high-margin server, storage, networking and cloud computing markets.
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43448997-ca64-46df-8535-8ad00ca760b1
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726513.0
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2013-03-04 00:00:00 UTC
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Apple, HP and Dell Notebook Sales Could Get a Boost This Spring
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DELL
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https://www.nasdaq.com/articles/apple-hp-and-dell-notebook-sales-could-get-boost-spring-2013-03-04
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nan
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nan
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It seems that Apple (NASDAQ: AAPL ) may have reduced the price of its MacBook a bit prematurely. While notebook sales have been stagnant during the winter months, they could pick up very soon. According to DigiTimes , most of the major notebook vendors will ship new models in the second quarter. As a result, Hewlett-Packard (NYSE: HPQ ) is expected to enjoy an on-quarter shipment increase of 30 percent. Apple will rise by 26 percent, while Dell (NASDAQ: DELL ) will increase its on-quarter shipments by 19 percent.
Acer and Lenovo are expected to increase their shipments as well, but Toshiba leads the pack with an anticipated 42 percent increase, followed by Asus at 41 percent.
The increases are being attributed to Intel's (NASDAQ: INTC ) Haswell processor, which is expected to appear in new notebooks this spring.
While none of the leading manufacturers have said much about their rumored Haswell-based machines, there have been a few leaks. One came from German manufacturer DevilTech. According to Bit-Tech , the company is building multiple Haswell-based notebooks, including one with a 3GHz powerhouse that can reach 3.9GHz with Turbo Boost.
Monster, a Turkish gaming notebook manufacturer that is unrelated to Monster Inc. (the cable manufacturer), is also reportedly working on four Haswell-based machines.
Apple tweaked some of the MacBook Pro models when it reduced the price of the 13-inch Retina Display edition, so the company may not be ready to release another upgrade. However, the MacBook Air has not been updated since last summer, making it the perfect candidate for a Haswell processor.
Despite the positive rumor, shares of Apple have continued to tumble this week, dropping more than one percent today. Hewlett-Packard is experiencing a similar decline, though it should not be enough to significantly reduce its year-to-date gains of more than 34 percent. Dell, which has climbed more than 31 percent this year, is down less than one percent.
Hewlett-Packard, which reclaimed the top spot as the world's largest PC manufacturer last fall, could relinquish that title to Lenovo -- at least in the area of laptop production. According to the aforementioned DigiTimes report, Lenovo is expected to ship more notebooks than any other brand vendor this year.
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(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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Apple will rise by 26 percent, while Dell (NASDAQ: DELL ) will increase its on-quarter shipments by 19 percent. Dell, which has climbed more than 31 percent this year, is down less than one percent. According to Bit-Tech , the company is building multiple Haswell-based notebooks, including one with a 3GHz powerhouse that can reach 3.9GHz with Turbo Boost.
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Apple will rise by 26 percent, while Dell (NASDAQ: DELL ) will increase its on-quarter shipments by 19 percent. Dell, which has climbed more than 31 percent this year, is down less than one percent. According to the aforementioned DigiTimes report, Lenovo is expected to ship more notebooks than any other brand vendor this year.
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Apple will rise by 26 percent, while Dell (NASDAQ: DELL ) will increase its on-quarter shipments by 19 percent. Dell, which has climbed more than 31 percent this year, is down less than one percent. Acer and Lenovo are expected to increase their shipments as well, but Toshiba leads the pack with an anticipated 42 percent increase, followed by Asus at 41 percent.
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Apple will rise by 26 percent, while Dell (NASDAQ: DELL ) will increase its on-quarter shipments by 19 percent. Dell, which has climbed more than 31 percent this year, is down less than one percent. Acer and Lenovo are expected to increase their shipments as well, but Toshiba leads the pack with an anticipated 42 percent increase, followed by Asus at 41 percent.
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78b58d96-3d85-45df-8936-ca395c0f1788
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726514.0
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2013-02-28 00:00:00 UTC
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Salesforce Looks Dull - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/salesforce-looks-dull-analyst-blog-2013-02-28
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nan
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nan
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Salesforce.com ( CRM ) is set to report fourth-quarter 2013 results on Feb 28. Last quarter, the company missed expectations. Let's see how things are shaping up for this announcement.
Factors This Past Quarter
Amid all the macro uncertainty and that resulted in conservative tech spending, Salesforce.com reported dismal third-quarter 2013 results. The company reported a much wider-than-expected loss per share in the last reported quarter.
On the positive side, the company witnessed revenue growth across geographies and received strong business from its cloud customers. The fourth-quarter guidance was modest, although the results came below expectation.
However, we remain concerned about a sluggish business environment in Europe, coupled with currency headwinds, not-so-encouraging tech expenses and stiff competition from its peers.
Though we are encouraged by Salesforce's growth prospects in the cloud market, the renewed focus of tech giants such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) into the cloud space intensified competition in the third quarter.
Considering the situation, it is hard to predict Salesforce's success story, unless the company adopts other innovative business strategies to influence growth.
Earnings Whispers?
The Zacks Consensus Estimate for the fourth quarter stands at a loss of 3 cents, while that for fiscal 2013 stands at 11 cents.
There has been no estimate revision for the company over the last 30, 60 or 90 days, as no major developments took place post its third-quarter results.
Salesforce shares carry a Zacks Rank #4 (Sell). The sell rated stocks (#4 and #5) should never be considered going into an earnings announcement.
Other Stocks To Consider
Here are a few stocks that might be worth considering at this point since they have the right combination of elements - Zacks Ranks #1, #2, or #3 and a positive Zacks expected surprise prediction, or ESP (Read: Zacks Earnings ESP: A Better Method ) to post an earnings beat this quarter:
Symantec Corp. ( SYMC ), with a Zacks Rank #1 (Strong Buy) with an ESP of +5.88%.
SALESFORCE.COM (CRM): 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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Though we are encouraged by Salesforce's growth prospects in the cloud market, the renewed focus of tech giants such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) into the cloud space intensified competition in the third quarter. SALESFORCE.COM (CRM): 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. On the positive side, the company witnessed revenue growth across geographies and received strong business from its cloud customers.
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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 SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. Though we are encouraged by Salesforce's growth prospects in the cloud market, the renewed focus of tech giants such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) into the cloud space intensified competition in the third quarter. Other Stocks To Consider Here are a few stocks that might be worth considering at this point since they have the right combination of elements - Zacks Ranks #1, #2, or #3 and a positive Zacks expected surprise prediction, or ESP (Read: Zacks Earnings ESP: A Better Method ) to post an earnings beat this quarter: Symantec Corp. ( SYMC ), with a Zacks Rank #1 (Strong Buy) with an ESP of +5.88%.
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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 SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. Though we are encouraged by Salesforce's growth prospects in the cloud market, the renewed focus of tech giants such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) into the cloud space intensified competition in the third quarter. Factors This Past Quarter Amid all the macro uncertainty and that resulted in conservative tech spending, Salesforce.com reported dismal third-quarter 2013 results.
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Though we are encouraged by Salesforce's growth prospects in the cloud market, the renewed focus of tech giants such as Dell Inc. ( DELL ) and Hewlett-Packard Co. ( HPQ ) into the cloud space intensified competition in the third quarter. SALESFORCE.COM (CRM): 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. Factors This Past Quarter Amid all the macro uncertainty and that resulted in conservative tech spending, Salesforce.com reported dismal third-quarter 2013 results.
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b91a9751-2f52-47f7-9b7c-f69b6f2bf953
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726515.0
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2013-02-28 00:00:00 UTC
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After Hours Most Active for Feb 28, 2013 : JEF, FB, SIRI, CXW, BAC, KRC, GEO, RPAI, MSFT, WIN, INTC, DELL
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-feb-28-2013-jef-fb-siri-cxw-bac-krc-geo-rpai-msft-win-intc-dell
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nan
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The NASDAQ 100 After Hours Indicator is up 1.01 to 2,739.59. The total After hours volume is currently 89,984,401 shares traded.
The following are the most active stocks for the after hours session :
Jefferies Group, Inc. ( JEF ) is unchanged at $21.72, with 9,895,742 shares traded. JEF's current last sale is 124.11% of the target price of $17.5.
Facebook, Inc. ( FB ) is -0.01 at $27.24, with 8,902,547 shares traded. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Sirius XM Radio Inc. ( SIRI ) is +0.0006 at $3.10, with 6,174,550 shares traded. SIRI's current last sale is 93.96% of the target price of $3.3.
Corrections Corporation of America ( CXW ) is -0.0307 at $38.32, with 5,736,831 shares traded. As reported by Zacks, the current mean recommendation for CXW is in the "buy range".
Bank of America Corporation ( BAC ) is unchanged at $11.23, with 4,968,571 shares traded. BAC's current last sale is 86.38% of the target price of $13.
Kilroy Realty Corporation ( KRC ) is unchanged at $52.76, with 4,372,086 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 $0.62. , following a 52-week high recorded in today's regular session.
Geo Group Inc (The) ( GEO ) is unchanged at $34.54, with 4,033,405 shares traded. As reported by Zacks, the current mean recommendation for GEO is in the "buy range".
Retail Properties of America, Inc. ( RPAI ) is -0.0118 at $14.79, with 3,370,075 shares traded. RPAI's current last sale is 98.59% of the target price of $15.
Microsoft Corporation ( MSFT ) is -0.0056 at $27.79, with 2,922,397 shares traded. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
Windstream Corporation ( WIN ) is unchanged at $8.59, with 2,386,501 shares traded. As reported in the last short interest update the days to cover for WIN is 7.808351; this calculation is based on the average trading volume of the stock.
Intel Corporation ( INTC ) is +0.02 at $20.87, with 2,271,644 shares traded. INTC's current last sale is 93.8% of the target price of $22.25.
Dell Inc. ( DELL ) is -0.0028 at $13.95, with 2,258,304 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2014. The consensus EPS forecast is $0.42. DELL's current last sale is 107.29% of the target price of $13.
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 -0.0028 at $13.95, with 2,258,304 shares traded. DELL's current last sale is 107.29% of the target price of $13. The following are the most active stocks for the after hours session : Jefferies Group, Inc. ( JEF ) is unchanged at $21.72, with 9,895,742 shares traded.
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Dell Inc. ( DELL ) is -0.0028 at $13.95, with 2,258,304 shares traded. DELL's current last sale is 107.29% of the target price of $13. The total After hours volume is currently 89,984,401 shares traded.
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Dell Inc. ( DELL ) is -0.0028 at $13.95, with 2,258,304 shares traded. DELL's current last sale is 107.29% of the target price of $13. The following are the most active stocks for the after hours session : Jefferies Group, Inc. ( JEF ) is unchanged at $21.72, with 9,895,742 shares traded.
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DELL's current last sale is 107.29% of the target price of $13. Dell Inc. ( DELL ) is -0.0028 at $13.95, with 2,258,304 shares traded. The following are the most active stocks for the after hours session : Jefferies Group, Inc. ( JEF ) is unchanged at $21.72, with 9,895,742 shares traded.
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0842e14e-eb7e-4dfd-aade-b9fa6ef442b3
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726516.0
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2013-02-28 00:00:00 UTC
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Is Private Equity Losing Its Shine? - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/is-private-equity-losing-its-shine-analyst-blog-2013-02-28
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nan
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nan
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Private equity has started 2013 with a home run. Technology czar Michael Dell has joined with Silver Lake to take Dell Inc. ( DELL ) private for $24.4 billion. This is the largest leveraged buyout since the financial meltdown of 2008.
But the deal has already run into trouble -- most recently, shareholder opposition. T. Rowe Price Group, Inc. ( TROW ) and Southeastern Asset Management are of the view that the deal to take the 25-year old public company private is undervalued. T. Rowe Price and Southeastern are Dell's two largest independent shareholders and own around 13% of the tech major. Michael Dell holds 14%; he is the only shareholder with a larger stake than these two.
This development is symptomatic of the trends that have come to define private equity activity in recent times. One of the major factors 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 Dec 2011. So, a large volume of capital has piled up, which private equity either has to utilize optimally or return to investors.
The other factor pushing up deal values has been persistently low interest rates. Speaking at the SuperReturn conference in Berlin, Leon Black, Chief Executive of Apollo Global Management, LLC ( APO ) 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. Together with these two factors, the lack of growth opportunities across the globe has meant private equity may never generate the kind of returns it has in the past.
It would still be wrong to say that private equity has completely lost its shine. Over time, private equity has consistently outperformed other asset classes. The Cambridge Associates LLC U.S. Private Equity Index has an internal rate of return (IRR) of 13.7% for the ten years up to Sep 30, 2012. This is significantly higher than the S&P 500's return of 8% for the same period
However, returns are now comparatively lower. Data from Cambridge Associates shows that the top performing 25% of U.S. funds managers who launched funds in 2001 have to-date returned an IRR of 36.5%. This is significantly higher than the IRR of 13.9% of the top performing 25% of funds launched in 2004. By this time, the number of funds had grown from 24 to 66, which shows that returns have fallen since the number of funds increased.
The focus now seems to be on prudent financial transactions, a far cry from the complicated financial engineering of the past. Fund managers 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 Co., Inc. ( BBY ) 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 towards "pre-crisis highs."
However, even in such a scenario, the U.S. is being preferred over Europe. This is primarily due to robust earnings growth from companies, a shale gas-fueled boom and a higher number of deals. But overall, it is the emphasis on bargain hunting and improving a company's operational efficiency which has made the U.S. a standout destination for private equity. And the trend looks set to continue.
APOLLO GLOBAL-A (APO): Free Stock Analysis Report
BEST BUY (BBY): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
T ROWE PRICE (TROW): 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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Technology czar Michael Dell has joined with Silver Lake to take Dell Inc. ( DELL ) private for $24.4 billion. T. Rowe Price and Southeastern are Dell's two largest independent shareholders and own around 13% of the tech major. Michael Dell holds 14%; he is the only shareholder with a larger stake than these two.
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APOLLO GLOBAL-A (APO): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report T ROWE PRICE (TROW): Free Stock Analysis Report To read this article on Zacks.com click here. Technology czar Michael Dell has joined with Silver Lake to take Dell Inc. ( DELL ) private for $24.4 billion. T. Rowe Price and Southeastern are Dell's two largest independent shareholders and own around 13% of the tech major.
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APOLLO GLOBAL-A (APO): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report T ROWE PRICE (TROW): Free Stock Analysis Report To read this article on Zacks.com click here. Technology czar Michael Dell has joined with Silver Lake to take Dell Inc. ( DELL ) private for $24.4 billion. T. Rowe Price and Southeastern are Dell's two largest independent shareholders and own around 13% of the tech major.
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Technology czar Michael Dell has joined with Silver Lake to take Dell Inc. ( DELL ) private for $24.4 billion. T. Rowe Price and Southeastern are Dell's two largest independent shareholders and own around 13% of the tech major. Michael Dell holds 14%; he is the only shareholder with a larger stake than these two.
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761dddb9-bf44-4636-82ac-2604306f8a32
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726517.0
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2013-02-27 00:00:00 UTC
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Accenture Wins New Deals - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/accenture-wins-new-deals-analyst-blog-2013-02-27
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nan
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nan
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Recently, Accenture plc ( ACN ) won two new deals from the "New York University Langone Medical Center" (NYU Langone) and the European Commission Directorate General for Home Affairs.
The company won a contract from NYU Langone to support its ICD-10 implementation program by using clinical processes. This will help recognize and reduce financial losses.
As per the latest agreement, the consulting company will aid NYU Langone to shift all the areas related to ICD-10 mandates, associated with the implementation of computer-assisted coding software. This in turn will help the latter administer online training and support the entire healthcare network, which includes help taken by the physicians. This apart, Accenture is expected to help in dual coding up to 12 months prior to the federally mandated ICD-10 deadline.
The company has also won a deal from the European Commission Directorate General for Home Affairs. The commission has awarded the contract jointly to Accenture, Morpho (Safran) and Hewlett-Packard Company ( HPQ ) to maintain
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As per the latest agreement, the consulting company will aid NYU Langone to shift all the areas related to ICD-10 mandates, associated with the implementation of computer-assisted coding software. This in turn will help the latter administer online training and support the entire healthcare network, which includes help taken by the physicians. The commission has awarded the contract jointly to Accenture, Morpho (Safran) and Hewlett-Packard Company ( HPQ ) to maintain
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Recently, Accenture plc ( ACN ) won two new deals from the "New York University Langone Medical Center" (NYU Langone) and the European Commission Directorate General for Home Affairs. The company won a contract from NYU Langone to support its ICD-10 implementation program by using clinical processes. The company has also won a deal from the European Commission Directorate General for Home Affairs.
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Recently, Accenture plc ( ACN ) won two new deals from the "New York University Langone Medical Center" (NYU Langone) and the European Commission Directorate General for Home Affairs. The company won a contract from NYU Langone to support its ICD-10 implementation program by using clinical processes. As per the latest agreement, the consulting company will aid NYU Langone to shift all the areas related to ICD-10 mandates, associated with the implementation of computer-assisted coding software.
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Recently, Accenture plc ( ACN ) won two new deals from the "New York University Langone Medical Center" (NYU Langone) and the European Commission Directorate General for Home Affairs. The company won a contract from NYU Langone to support its ICD-10 implementation program by using clinical processes. As per the latest agreement, the consulting company will aid NYU Langone to shift all the areas related to ICD-10 mandates, associated with the implementation of computer-assisted coding software.
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ca16462c-a345-4d32-ba04-ec451a61c300
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726518.0
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2013-02-25 00:00:00 UTC
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Dell's Results Show Its Shifting Focus And Recovery Will Take Time
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DELL
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https://www.nasdaq.com/articles/dells-results-show-its-shifting-focus-and-recovery-will-take-time-2013-02-25
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nan
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nan
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Dell ( DELL ), which is going private, reported an 8% y-o-y drop in net revenues for FY13 at $56.9 billion. For the fourth quarter, Dell reported revenue of $14.3 billion, down 11% y-o-y, but 4% higher sequentially. It posted net income of $702 million, a 23% drop y-o-y, and reported non-GAAP earning per share of $0.40. The desktop PC and mobility businesses, saddled with weak macro-economic conditions and increasing competition, continued to drag on Dell revenues.
Dell's enterprise solutions and services revenue rose 4% y-o-y to $9.4 billion while its server and networking revenue rose 18% y-o-y to $2.6 billion. Storage products revenue dropped 13% y-o-y to $434 million and software and peripherals revenue fell 11% y-o-y to $2.27 billion. The company continued to experience competitive pricing environment and budgetary issues with customers for its desktop and mobility deals, resulting in a 20% decline in revenues y-o-y. Dell declined to provide a forecast citing a definitive merger agreement to take Dell private. The company's decision to steer clear of low-end PCs has resulted in improvement in gross margins.
See our full analysis on Dell
AcquisitionsSpree And Changing Business Model Augur well for Dell
Dell has invested $5 billion in new capabilities and intellectual property in key assets such as Quest, SonicWall, Wyse and Appsure. These acquisitions led to a 40 basis points increase in selling, general and administrative expenses. R&D also grew primarily due to the acquisition of Quest in the quarter. These acquisitions have helped growth, particularly in the server and networking business that grew 18% q-o-q.
Some of the business model changes are already paying off with the servers and networking business doing well in the quarter. Dell's server revenue rose 5% on the back of strong growth in the company's hyper-scale data center solutions business and migration to the company's 12 th -generation servers. The 12G-server line, which commands premium in pricing and margins over previous generation servers, represents almost 80% of Dell PowerEdge server revenue.
Changes To Our Model
Our valuation is contingent of its performance in the services business and is based on the long term potential of its high margin businesses. We detailed our previous analysis here , but based on the current quarter filings, we update some revenue and cost drivers below.
1) Updated PC Market Share
According to the Dell's historical PC share report , its market share in the desktop PC space has fallen from 14% to 12% currently and the portable PC market share has stayed flat at 10%. We have updated our analysis to reflect these numbers. We expect the PC market share to remain at these lower levels as the company will not go after low-margin, high volume PCs and will continue to concentrate on mid and high-end PCs. We expect the long term market share to fall to 5.5% for the desktop and notebook business.
2) Downside From Previous Estimate Driven by Increasing SG&A Expenses
Dell has entered into a whole slew of businesses via acquisitions. Dell is targeting key areas such as network security, cloud storage, systems management, business analytics, virtualization and thin client systems. The company expects security and systems management to be a billion dollar business in the next few years. SG&A expenses have increased nearly 40 bps on a y-o-y basis, and we currently estimate it to be around 14.2% of revenues. This is the most significant change for Dell's cost drivers and is primarily responsible for the lowered valuation.
3) Dell Services Business Growing Slower Than Expected
The services business is a high margin business with margins nearly twice that of the product business. We estimate that the services business margin of about 34% and is potentially a high growth business. The business remained flat in FY2013, and this has led to lowered growth estimates in the short term.
4) Lower PC, Desktop and Server Gross Margins
We estimate that the gross margins will drop to around 15-16% by the end of the forecast period from its current level of 18% due to increasing commoditization of the hardware business.
We currently have a $12.44 Trefis price estimate for Dell.
Understand How a Company's Products Impact its Stock Price at Trefis
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 desktop PC and mobility businesses, saddled with weak macro-economic conditions and increasing competition, continued to drag on Dell revenues. 2) Downside From Previous Estimate Driven by Increasing SG&A Expenses Dell has entered into a whole slew of businesses via acquisitions. Dell ( DELL ), which is going private, reported an 8% y-o-y drop in net revenues for FY13 at $56.9 billion.
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Dell's enterprise solutions and services revenue rose 4% y-o-y to $9.4 billion while its server and networking revenue rose 18% y-o-y to $2.6 billion. 1) Updated PC Market Share According to the Dell's historical PC share report , its market share in the desktop PC space has fallen from 14% to 12% currently and the portable PC market share has stayed flat at 10%. Dell ( DELL ), which is going private, reported an 8% y-o-y drop in net revenues for FY13 at $56.9 billion.
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Dell's enterprise solutions and services revenue rose 4% y-o-y to $9.4 billion while its server and networking revenue rose 18% y-o-y to $2.6 billion. 1) Updated PC Market Share According to the Dell's historical PC share report , its market share in the desktop PC space has fallen from 14% to 12% currently and the portable PC market share has stayed flat at 10%. 3) Dell Services Business Growing Slower Than Expected The services business is a high margin business with margins nearly twice that of the product business.
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Dell ( DELL ), which is going private, reported an 8% y-o-y drop in net revenues for FY13 at $56.9 billion. For the fourth quarter, Dell reported revenue of $14.3 billion, down 11% y-o-y, but 4% higher sequentially. The desktop PC and mobility businesses, saddled with weak macro-economic conditions and increasing competition, continued to drag on Dell revenues.
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f4f4bd58-530e-4731-86bc-3fe2fe4b1b72
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726519.0
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2013-02-25 00:00:00 UTC
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HP Still Has A Long Way To Go Despite Encouraging Results
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DELL
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https://www.nasdaq.com/articles/hp-still-has-long-way-go-despite-encouraging-results-2013-02-25
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nan
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nan
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Quick Take
HP reported Q1 FY 2013 earnings at $28 billion, a 6% y-o-y decline
The company's reported non-GAAP diluted earnings at 0.82, beating its forecast of $0.68-$0.71
Revenues declined across all business verticals though showed improvement
CEO Meg Whitman cites restructuring program as having a big impact on earnings that will start paying off in 2014
Hewlett-Packard ( HPQ ) reported a y-o-y 8% drop in its revenues at $28.3 billion for Q1 FY13. The PC giant's earnings continued to reflect the slowing PC market and a surge in market share of non-PC devices. While its restructuring plan had a meaningful impact to the bottom line, CEO Meg Whitman said that HP still has a long way to go in the multi-year restructuring process.
Segment Results
The company reported a decline across all its business verticals. The company's personal system segment at $ 8.2 billion reported 8% decline in its top line. Weak sales of notebook segment, which declined 16%, were partially offset by a 4% increase in desktop sales. Despite a decline in revenues, HP was able to grow its PC market share by 1.4% confirming HP as the PC industry leaders for the quarter.
The printing business for the company declined by 5% y-o-y, to $5.92 billion. However, product innovation and document workflow products such as the new multi-function printer helped HP report an improvement of 16.1% in operating margins. The newly restructured business verticals, the enterprise group and enterprise services, reported a 4% and 7% y-o-y decline in revenues at $6.98 billion and $5.91 billion respectively.
Restructuring Gains Traction
The company announced significant restructuring plans in May last year as it planned to simplify business processes and lower its sales and marketing expenses as it rolled out a CRM service across the organization by implementing Salesforce.com's products and services. The company also plans to reduce its workforce by 27,000 by the end of 2014, resulting in projected savings to the tune of $3-$3.5 billion annually. CEO Whitman said that the restructuring was gaining momentum, but this multi-year strategy would deliver significant results only by 2015-16. Whitman credited the restructuring program for significant impact to bottom line. Our valuation is contingent on how effective the turnaround is and the growth potential of its new business lines, and we will be watching these closely.
See our full analysis on HP
For Q2 2013, HP estimates non-GAAP diluted EPS to be in the range of $0.80 to $0.82 and GAAP diluted EPS to be in the range of $0.38 to $0.40. As the company goes through restructuring efforts, the guidance provided by HP stated that revenues were expected to decline across all divisions, except in the software division. We have updated our model with lower projected revenue across all divisions.
Updated desktop and notebook market share
Together with a 14% y-o-y decline in units, HP reported a 16% drop in notebook revenue. It also reported a 4% y-o-y jump in desktop revenue for a 10% decline in units sold. This leads to the conclusion that the company's announced go-to market strategy is working and it was able to garner higher prices for its desktops. We have included higher unit price in our model, although we project that the company will continue to lose market share.
The enterprise services division contributes the most to HP's value. EDS is part of the infrastructure outsourcing division and was acquired in 2008 to boost the services division though it has struggled and is is one of the focus ares of the restructuring effort.
We currently have a $17.52 Trefis price estimate for HP .
Understand How a Company's Products Impact its Stock Price at Trefis
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 also plans to reduce its workforce by 27,000 by the end of 2014, resulting in projected savings to the tune of $3-$3.5 billion annually. This leads to the conclusion that the company's announced go-to market strategy is working and it was able to garner higher prices for its desktops. We have included higher unit price in our model, although we project that the company will continue to lose market share.
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Quick Take HP reported Q1 FY 2013 earnings at $28 billion, a 6% y-o-y decline The company's reported non-GAAP diluted earnings at 0.82, beating its forecast of $0.68-$0.71 Revenues declined across all business verticals though showed improvement CEO Meg Whitman cites restructuring program as having a big impact on earnings that will start paying off in 2014 Hewlett-Packard ( HPQ ) reported a y-o-y 8% drop in its revenues at $28.3 billion for Q1 FY13. The newly restructured business verticals, the enterprise group and enterprise services, reported a 4% and 7% y-o-y decline in revenues at $6.98 billion and $5.91 billion respectively. Updated desktop and notebook market share Together with a 14% y-o-y decline in units, HP reported a 16% drop in notebook revenue.
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Quick Take HP reported Q1 FY 2013 earnings at $28 billion, a 6% y-o-y decline The company's reported non-GAAP diluted earnings at 0.82, beating its forecast of $0.68-$0.71 Revenues declined across all business verticals though showed improvement CEO Meg Whitman cites restructuring program as having a big impact on earnings that will start paying off in 2014 Hewlett-Packard ( HPQ ) reported a y-o-y 8% drop in its revenues at $28.3 billion for Q1 FY13. The newly restructured business verticals, the enterprise group and enterprise services, reported a 4% and 7% y-o-y decline in revenues at $6.98 billion and $5.91 billion respectively. Restructuring Gains Traction The company announced significant restructuring plans in May last year as it planned to simplify business processes and lower its sales and marketing expenses as it rolled out a CRM service across the organization by implementing Salesforce.com's products and services.
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Quick Take HP reported Q1 FY 2013 earnings at $28 billion, a 6% y-o-y decline The company's reported non-GAAP diluted earnings at 0.82, beating its forecast of $0.68-$0.71 Revenues declined across all business verticals though showed improvement CEO Meg Whitman cites restructuring program as having a big impact on earnings that will start paying off in 2014 Hewlett-Packard ( HPQ ) reported a y-o-y 8% drop in its revenues at $28.3 billion for Q1 FY13. Segment Results The company reported a decline across all its business verticals. Updated desktop and notebook market share Together with a 14% y-o-y decline in units, HP reported a 16% drop in notebook revenue.
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4cd434c5-8bb2-4688-b529-c41b27648907
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726520.0
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2013-02-21 00:00:00 UTC
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HP Earnings Will Give Updates On Its Recovery After Volatile Year
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DELL
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https://www.nasdaq.com/articles/hp-earnings-will-give-updates-its-recovery-after-volatile-year-2013-02-21
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nan
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nan
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Quick Take
HP will report Q1 2012 earnings on February 21
Autonomy, EDS and restructuring efforts are likely to weigh on its earnings
The company expects Q1 2013 EPS to be in the range of $0.68 to $0.71 and GAAP diluted EPS to be in the range of $0.34 to $0.37
The enterprise services business will be affected the most and the company expects to have revenues lower by up to 13% annually
Hewlett-Packard ( HPQ ) is due to release its Q1 2013 earnings on February 21, and the PC giant's earnings will reflect the slowing PC market, its restructuring and the effect of accounting allegations against its British software unit, Autonomy. In Q4, 2012, the company reported a net loss of $6.9 billion, mainly due to a $8.8 billion impairment charge related to the Autonomy acquisition. The company also provided a detailed turnaround strategy and 2013 outlook where the company expects a marginal decline in revenue across all segments in 2013, except in the software division. The enterprise services business is expected to have revenues of up t0 13% lower and significant margin pressures as well.
In an effort to stay competitive and release innovative products, the company had planned to increase R&D expenses and IT spending. It planned to simplify business processes and lower its sales and marketing expenses as it rolled out a CRM service across the organization by implementing Salesforce.com's products and services. The company also plans to reduce its workforce by 27,000 that is expected to save $3-$3.5 billion annually. Our valuation is contingent on how effective the turnaround is and the growth potential of its new business lines, and we will be watching these closely this quarter.
See our full analysis on HP
For the Q1 2013, HP estimates non-GAAP diluted EPS to be in the range of $0.68 to $0.71 and GAAP diluted EPS to be in the range of $0.34 to $0.37.
EDS, Autonomy Will Weigh On Software And Services Business
As the company went through restructuring efforts, the guidance provided by HP stated that revenues were expected to decline across all divisions except in the software division. If the allegations against Autonomy by HP turn out to be true, the software business may suffer as the potential earnings from the Autonomy acquisition would have been inflated and the actual earnings potential may be much lower.
EDS, which was acquired to boost the services division, suffered a downturn and was the primary reason for the restructuring effort involving letting go of 27,000 employees. We have updated our estimate to account for the write-downs, and will further update our model pending the investigation into the fraud allegations.
The Enterprise Services business will be affected the most and HP expects to have revenues lower by up to 13% annually. We currently have a $16 Trefis price estimate for HP , which is around the current market price.
Understand How a Company's Products Impact its Stock Price at Trefis
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 an effort to stay competitive and release innovative products, the company had planned to increase R&D expenses and IT spending. Our valuation is contingent on how effective the turnaround is and the growth potential of its new business lines, and we will be watching these closely this quarter. EDS, which was acquired to boost the services division, suffered a downturn and was the primary reason for the restructuring effort involving letting go of 27,000 employees.
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Quick Take HP will report Q1 2012 earnings on February 21 Autonomy, EDS and restructuring efforts are likely to weigh on its earnings The company expects Q1 2013 EPS to be in the range of $0.68 to $0.71 and GAAP diluted EPS to be in the range of $0.34 to $0.37 The enterprise services business will be affected the most and the company expects to have revenues lower by up to 13% annually Hewlett-Packard ( HPQ ) is due to release its Q1 2013 earnings on February 21, and the PC giant's earnings will reflect the slowing PC market, its restructuring and the effect of accounting allegations against its British software unit, Autonomy. EDS, Autonomy Will Weigh On Software And Services Business As the company went through restructuring efforts, the guidance provided by HP stated that revenues were expected to decline across all divisions except in the software division. Understand How a Company's Products Impact its Stock Price at Trefis 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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Quick Take HP will report Q1 2012 earnings on February 21 Autonomy, EDS and restructuring efforts are likely to weigh on its earnings The company expects Q1 2013 EPS to be in the range of $0.68 to $0.71 and GAAP diluted EPS to be in the range of $0.34 to $0.37 The enterprise services business will be affected the most and the company expects to have revenues lower by up to 13% annually Hewlett-Packard ( HPQ ) is due to release its Q1 2013 earnings on February 21, and the PC giant's earnings will reflect the slowing PC market, its restructuring and the effect of accounting allegations against its British software unit, Autonomy. EDS, Autonomy Will Weigh On Software And Services Business As the company went through restructuring efforts, the guidance provided by HP stated that revenues were expected to decline across all divisions except in the software division. If the allegations against Autonomy by HP turn out to be true, the software business may suffer as the potential earnings from the Autonomy acquisition would have been inflated and the actual earnings potential may be much lower.
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Quick Take HP will report Q1 2012 earnings on February 21 Autonomy, EDS and restructuring efforts are likely to weigh on its earnings The company expects Q1 2013 EPS to be in the range of $0.68 to $0.71 and GAAP diluted EPS to be in the range of $0.34 to $0.37 The enterprise services business will be affected the most and the company expects to have revenues lower by up to 13% annually Hewlett-Packard ( HPQ ) is due to release its Q1 2013 earnings on February 21, and the PC giant's earnings will reflect the slowing PC market, its restructuring and the effect of accounting allegations against its British software unit, Autonomy. EDS, Autonomy Will Weigh On Software And Services Business As the company went through restructuring efforts, the guidance provided by HP stated that revenues were expected to decline across all divisions except in the software division. Understand How a Company's Products Impact its Stock Price at Trefis 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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49236a6a-f15f-48d9-bf5f-744e576a3a23
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726521.0
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2013-02-20 00:00:00 UTC
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Was the Latest Apple Sell-Off Premature?
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DELL
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https://www.nasdaq.com/articles/was-latest-apple-sell-premature-2013-02-20
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nan
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nan
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Shares of Apple (NASDAQ: AAPL ) took a light beating this morning after word leaked that Foxconn had stopped all hiring for the month of February. The manufacturer, which is responsible for producing almost all of Apple's products, said that it would not resume hiring until the end of March. Foxconn denied reports that the hiring freeze was caused by a slow down in production for the iPhone 5. Instead, the manufacturer said that it was due to receiving too many employees after the Chinese New Year break.
While this may sound like the typical response of a corporation that wants to escape any and all negative press, the beauty of Foxconn's response is that it sounds downright plausible. If Foxconn had said that it would not hire any new employees this spring or that it had no idea when it would hire again, investors would have a good reason to panic. However, it seems unfair (if not irrational) to do so now.
No manufacturer is infallible. Even during the glory days of American manufacturing, Ford (NYSE: F ) and General Motors (NYSE: GM ) occasionally halted production to save a few bucks.
Foxconn produces an extremely large number of items. In addition to iPhones and iPads, the manufacturer also produces game systems for Nintendo (OTC: NTDOY ), electronics for Sony (NYSE: SNE ), computers for Dell (NASDAQ: DELL ) and select items for Nokia (NYSE: NOK ). Amazon (NASDAQ: AMZN ) and Cisco (NASDAQ: CSCO ) have also enlisted in Foxconn's services, along with numerous others within the tech business.
Despite this, investor attention is fixated on Apple. If Foxconn has a production issue, it absolutely must involve the iPhone or iPad. It could not possibly have anything to do with Nintendo's Wii U, which sold so poorly that Nintendo dropped its sales expectations by more than a million units. Dell experienced significant declines last year, but there is no way that had an impact on Foxconn. That would be impossible.
Of course, the impossible is more often "possible" than people -- particularly investors -- realize. While Apple is closely tied to Foxconn (it is the firm's biggest client), investors should stop assuming that every problem the manufacturer encounters is caused by or directly relates to an iDevice.
Those who are inclined to believe that Apple caused the hiring freeze should remember this: Foxconn produced enough iPhones for Apple to sell 47.8 million units last quarter. Demand will inevitably be lower during the winter quarter -- that is the nature of this industry. However, by announcing that it will hire additional employees at the end of March, it could indicate that Foxconn plans to produce a new iDevice at that time.
That item could be the rumored iPhone 5S, the next iPad Mini or something the world has never seen before .
Follow me @LouisBedigianBZ
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything 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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In addition to iPhones and iPads, the manufacturer also produces game systems for Nintendo (OTC: NTDOY ), electronics for Sony (NYSE: SNE ), computers for Dell (NASDAQ: DELL ) and select items for Nokia (NYSE: NOK ). Dell experienced significant declines last year, but there is no way that had an impact on Foxconn. Shares of Apple (NASDAQ: AAPL ) took a light beating this morning after word leaked that Foxconn had stopped all hiring for the month of February.
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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. In addition to iPhones and iPads, the manufacturer also produces game systems for Nintendo (OTC: NTDOY ), electronics for Sony (NYSE: SNE ), computers for Dell (NASDAQ: DELL ) and select items for Nokia (NYSE: NOK ). Dell experienced significant declines last year, but there is no way that had an impact on Foxconn.
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In addition to iPhones and iPads, the manufacturer also produces game systems for Nintendo (OTC: NTDOY ), electronics for Sony (NYSE: SNE ), computers for Dell (NASDAQ: DELL ) and select items for Nokia (NYSE: NOK ). Dell experienced significant declines last year, but there is no way that had an impact on Foxconn. If Foxconn had said that it would not hire any new employees this spring or that it had no idea when it would hire again, investors would have a good reason to panic.
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In addition to iPhones and iPads, the manufacturer also produces game systems for Nintendo (OTC: NTDOY ), electronics for Sony (NYSE: SNE ), computers for Dell (NASDAQ: DELL ) and select items for Nokia (NYSE: NOK ). Dell experienced significant declines last year, but there is no way that had an impact on Foxconn. The manufacturer, which is responsible for producing almost all of Apple's products, said that it would not resume hiring until the end of March.
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c832c871-3043-47a9-beb8-876aa32075cc
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726522.0
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2013-02-20 00:00:00 UTC
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Apple Plummets After Foxconn Hiring Freeze
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DELL
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https://www.nasdaq.com/articles/apple-plummets-after-foxconn-hiring-freeze-2013-02-20
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nan
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nan
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Shares of Apple (NASDAQ: AAPL ) are trading down roughly one percent this morning after Foxconn, the company's chief manufacturer, announced that it will not hire any new employees this month. According to Bloomberg , the hiring freeze was caused by an influx of employees that returned after the Chinese New Year break. More people came back to work than in previous years, providing Foxconn with too many employees.
Investors were initially startled by the news and caused Apple to drop 1.9 percent. Shares have rebounded slightly after the realization that this hiring freeze may be cyclical. Foxconn told Bloomberg that it will begin recruiting again at the end of March. The company also claims that the hiring freeze has nothing to do with production of the iPhone 5, shooting down rumors that production was slowing down.
Even if Apple completely recovers from today's loss, the stock may still continue to struggle. The Mac maker is one of the most troubled companies on Wall Street this year, dropping more than 16 percent year-to-date.
Comparatively, Microsoft (NASDAQ: MSFT ) is up more than 1.5 percent, Oracle (NASDAQ: ORCL ) is up two percent, Amazon (NASDAQ: AMZN ) is up nearly five percent and Google (NASDAQ: GOOG ) is up 11.5 percent year-to-date.
BlackBerry (NASDAQ: BBRY ), still widely considered to be one of the hottest stocks in technology, is up more than 22 percent year-to-date. Dell (NASDAQ: DELL ) is performing even better, rising nearly 30 percent since the year began.
On the other end of the spectrum, investors will find Nokia (NYSE: NOK ), which is down more than four percent year-to-date.
This is not the first time that Foxconn has triggered a response from investors. Last year the manufacturer sparked some controversy when it was revealed that a riot halted production at one of its plants. The plant was reopened within 48 hours but many feared that it could cause a delay in production of the iPhone 5, Apple's latest smartphone.
Production issues -- due to component supplies, consumer demand and other issues -- represent one of the biggest concerns for investors. If anything stops a record-breaking number of iPhones and iPads from hitting store shelves every quarter, investors worry that it could be a sign that the company is losing its advantage at retail.
Regardless of these concerns, the company continues to post record-breaking results , satisfying all but the harshest analysts -- and the most worried investors.
Follow me @LouisBedigianBZ
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything 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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Dell (NASDAQ: DELL ) is performing even better, rising nearly 30 percent since the year began. Shares of Apple (NASDAQ: AAPL ) are trading down roughly one percent this morning after Foxconn, the company's chief manufacturer, announced that it will not hire any new employees this month. The plant was reopened within 48 hours but many feared that it could cause a delay in production of the iPhone 5, Apple's latest smartphone.
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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 (NASDAQ: DELL ) is performing even better, rising nearly 30 percent since the year began. Shares of Apple (NASDAQ: AAPL ) are trading down roughly one percent this morning after Foxconn, the company's chief manufacturer, announced that it will not hire any new employees this month.
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Dell (NASDAQ: DELL ) is performing even better, rising nearly 30 percent since the year began. Shares of Apple (NASDAQ: AAPL ) are trading down roughly one percent this morning after Foxconn, the company's chief manufacturer, announced that it will not hire any new employees this month. The company also claims that the hiring freeze has nothing to do with production of the iPhone 5, shooting down rumors that production was slowing down.
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Dell (NASDAQ: DELL ) is performing even better, rising nearly 30 percent since the year began. According to Bloomberg , the hiring freeze was caused by an influx of employees that returned after the Chinese New Year break. The company also claims that the hiring freeze has nothing to do with production of the iPhone 5, shooting down rumors that production was slowing down.
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a1f5d85a-468b-4d74-86c6-17cc94ba768c
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726523.0
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2013-02-19 00:00:00 UTC
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Dow Roars Out of Gate and Finishes Above 14,000
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DELL
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https://www.nasdaq.com/articles/dow-roars-out-gate-and-finishes-above-14000-2013-02-19
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nan
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nan
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"Strong European returns sparked by a big improvement in the German investor confidence index got things started off in the right direction early," said Schaeffer's Senior Technical Strategist Ryan Detrick, CMT, on today's market, which saw the Dow Jones Industrial Average close above 14,000 for the first time since early last week and hit a new five-year high in the process. "It was a relatively quiet day on the news front though ... but that couldn't stop the new highs across the board, specifically new all-time highs in small and mid-cap stocks."
Continue reading for more on today's market, including :
Our Senior Trading Analyst Bryan Sapp says tomorrow and Thursday "should prove eventful" and highlights levels to watch .
How Google ( GOOG ) hitting a new all-time high played in the option markets.
Staples got ( SPLS ) a big boost from merger talks, which turned into bullish action among option traders.
plus...
A big day in the markets, a dire presidential warning, and how one trader is looking for a better buyout price for computer maker Dell Inc. ( DELL ).
Buoyed by encouraging news out of Europe and potential news of another big merger, the Dow Jones Industrial Average got off to a rip-roaring start and never quit -- finishing up nearly 54 points, or 0.4%, to close at 14,035.67. The day saw the Dow touch a new five-year high and close above 14,000 for the first time since Feb. 12. Cisco Systems ( CSCO ) led the 22 advancers on the 30-member Dow, jumping 2.2%. Alcoa ( AA ) had the biggest drop of the eight decliners, losing 2.8%.
The S&P 500 Index also had a strong day, gaining 11 points, or 0.7%, to close at its intraday high of 1,530.94, also a five-year peak. The Nasdaq Composite finished at 3,213.59, up nearly 22 points, or 0.7%.
The CBOE Volatility Index (VIX) finished at 12.31, down about 0.2 point, or 1.2%.
A Trader's Take :
"Last week we saw Warren Buffett buy H.J. Heinz Company (HNZ), and this week we were greeted by a potential merger of Office Depot (ODP) and OfficeMax (OMX)," Detrick said. "This is yet another sign that merger and acquisition activity is alive and well and that the market continues to think there are tremendous values out there -- even though we are at multi-year highs."
3 Things to Know About Today's Market :
President Obama warned that the impending so-called "sequester" -- the automatic spending cuts set to go into effect March 1 -- could cause the federal government to shed jobs, which could mean "the unemployment rate might tick up again." (CNBC)
Confidence among homebuilders fell slightly in February but remained near the six-year high set last month. (Bloomberg)
Sony Corporation (ADR) (SNE) is set to unveil its new PlayStation 4 on Wednesday, beating both Nintendo (NTDOY) and Microsoft (MSFT) to market with the latest iteration of gaming platforms. (MarketWatch)
5 Stocks We Were Watching Today :
Option traders bet that Humana Inc. (HUM) would continue to struggle on the charts.
First Solar (FSLR) was targeted by short-term bulls looking to cash in on the stock's sudden surge.
One investor bucked the trend on SodaStream International (SODA) and laid down a pre-earnings bull put spread.
Another bold investor put down a big bet that there would be a higher buyout bid for computer maker Dell Inc. ( DELL ).
A new annual high from SunPower Corporation (SPWR) created a flurry of long calls, as traders look for the stock to go even higher.
For a look at today's options movers and commodities activity, head to page 2.
Commodities :
A weaker U.S. dollar helped crude oil futures rebound from last Friday's drop, with the soon-to-expire March contract adding 80 cents, or 0.8%, to close at $96.66 per barrel.
April-dated gold dropped $5.30, or 0.3%, to $1,604.20 an ounce (another new six-month low). This continued a downward trend for gold, with investors turning their buying power toward equities.
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... A big day in the markets, a dire presidential warning, and how one trader is looking for a better buyout price for computer maker Dell Inc. ( DELL ). Another bold investor put down a big bet that there would be a higher buyout bid for computer maker Dell Inc. ( DELL ). Continue reading for more on today's market, including : Our Senior Trading Analyst Bryan Sapp says tomorrow and Thursday "should prove eventful" and highlights levels to watch .
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plus... A big day in the markets, a dire presidential warning, and how one trader is looking for a better buyout price for computer maker Dell Inc. ( DELL ). Another bold investor put down a big bet that there would be a higher buyout bid for computer maker Dell Inc. ( DELL ). "Strong European returns sparked by a big improvement in the German investor confidence index got things started off in the right direction early," said Schaeffer's Senior Technical Strategist Ryan Detrick, CMT, on today's market, which saw the Dow Jones Industrial Average close above 14,000 for the first time since early last week and hit a new five-year high in the process.
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plus... A big day in the markets, a dire presidential warning, and how one trader is looking for a better buyout price for computer maker Dell Inc. ( DELL ). Another bold investor put down a big bet that there would be a higher buyout bid for computer maker Dell Inc. ( DELL ). "Strong European returns sparked by a big improvement in the German investor confidence index got things started off in the right direction early," said Schaeffer's Senior Technical Strategist Ryan Detrick, CMT, on today's market, which saw the Dow Jones Industrial Average close above 14,000 for the first time since early last week and hit a new five-year high in the process.
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plus... A big day in the markets, a dire presidential warning, and how one trader is looking for a better buyout price for computer maker Dell Inc. ( DELL ). Another bold investor put down a big bet that there would be a higher buyout bid for computer maker Dell Inc. ( DELL ). The day saw the Dow touch a new five-year high and close above 14,000 for the first time since Feb. 12.
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cc478b0f-983e-4dd9-9c34-02f32321ff22
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726524.0
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2013-02-19 00:00:00 UTC
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Earnings Preview: Dell Inc. - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/earnings-preview%3A-dell-inc.-analyst-blog-2013-02-19
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nan
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nan
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Dell Inc. ( DELL ) is set to report fourth-quarter 2013 results today, Feb 19. Last quarter, the company did not come up with any positive surprise, affected by the downturn in tech spending and PC business. Let's see how things are shaping prior to this announcement.
Growth Factors This Past Quarter
Amid all the macro uncertainty and the PC market slowdown, Dell opted for a leveraged buyout (LBO). Once the deal is finalized Dell would be transformed from a public company to a private firm.
The LBO agreement was inked between Dell, Microsoft Corp. ( MSFT ) and Silver Lake Partners (a private equity firm). The purchase price of $23.0 billion will be funded with debt. Founder Michael Dell will give up his 15.7% stake and fork out an additional $700.0 million in cash, $2.0 billion will come from Microsoft and $1.0 billion from Silver Lake. The purchase price comes to $13.50 to $13.75 a share. Currently, Dell is trading at $13.27.
The privatization is expected to help the company stay away from public scrutiny so that it can focus more on business growth and profitability. However, the problem related to Dell's PC business remains. Further, Dell's position in the server, storage and cloud computing segments is rather weak when compared with technology stalwarts like IBM Corp. ( IBM ) and Hewlett-Packard Co. ( HPQ ).
Considering the situation, it is hard to predict Dell's success story, unless the company opts for diversification.
Earnings Whispers?
The Zacks Consensus Estimate for the fourth quarter stands at 39 cents, while that for fiscal 2013 stands at $1.71.
Dell has beaten estimates in three of the last four quarters, with a trailing four-quarter average positive surprise of 2.30%.
Estimate revisions have been minimal, with only one downward estimate revision in the past 60 days. As a result, the Zacks Consensus Estimate has remained unchanged for the fourth quarter as well as for fiscal 2013, over the last 60 days. Over the last 90 days, however, the Zacks Consensus Estimate has gone down 1 cent for the fourth quarter of 2013 and up by 1 cent for fiscal year 2013.
Dell shares carry a Zacks Rank #4 (Sell). The sell rated stocks (#4 and #5) should never be considered going into an earnings announcement.
Other Stocks To Consider
Here are a few buy-rated stocks (Zacks Ranks #1 and #2) that may be worth considering at this point:
Symantec Corp. ( SYMC ) with a Zacks Rank #1 (Strong Buy).
CA Inc. ( CA ) with a Zacks Rank #2 (Buy).
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
MICROSOFT CORP (MSFT): 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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Growth Factors This Past Quarter Amid all the macro uncertainty and the PC market slowdown, Dell opted for a leveraged buyout (LBO). The LBO agreement was inked between Dell, Microsoft Corp. ( MSFT ) and Silver Lake Partners (a private equity firm). Dell Inc. ( DELL ) is set to report fourth-quarter 2013 results today, Feb 19.
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The LBO agreement was inked between Dell, Microsoft Corp. ( MSFT ) and Silver Lake Partners (a private equity firm). 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 MICROSOFT CORP (MSFT): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Inc. ( DELL ) is set to report fourth-quarter 2013 results today, Feb 19.
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Dell Inc. ( DELL ) is set to report fourth-quarter 2013 results today, Feb 19. 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 MICROSOFT CORP (MSFT): Free Stock Analysis Report SYMANTEC CORP (SYMC): Free Stock Analysis Report To read this article on Zacks.com click here. Growth Factors This Past Quarter Amid all the macro uncertainty and the PC market slowdown, Dell opted for a leveraged buyout (LBO).
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Dell Inc. ( DELL ) is set to report fourth-quarter 2013 results today, Feb 19. Growth Factors This Past Quarter Amid all the macro uncertainty and the PC market slowdown, Dell opted for a leveraged buyout (LBO). Once the deal is finalized Dell would be transformed from a public company to a private firm.
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67fefb18-10bc-4af0-86ff-9128c4ea6874
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726525.0
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2013-02-19 00:00:00 UTC
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After-Hours Earnings Report for February 19, 2013 : DELL, ADI, CF, MAR, FNF, QEP, NBR, OIS, HLF, TEX, PRA, CNL
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DELL
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https://www.nasdaq.com/articles/after-hours-earnings-report-february-19-2013-dell-adi-cf-mar-fnf-qep-nbr-ois-hlf-tex-pra
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nan
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The following companies are expected to report earnings after hours on 02/19/2013. Visit our Earnings Calendar for a full list of expected earnings releases.
Dell Inc. ( DELL ) is reporting for the quarter ending January 31, 2013. The computer company's consensus earnings per share forecast from the 21 analysts that follow the stock is $0.39. This value represents a -23.53% 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 2013 Price to Earnings ratio for DELL is 8.08 vs. an industry ratio of 9.20.
Analog Devices, Inc. ( ADI ) is reporting for the quarter ending January 31, 2013. The semiconductor company's consensus earnings per share forecast from the 20 analysts that follow the stock is $0.44. This value represents a -4.35% decrease compared to the same quarter last year. ADI missed the consensus earnings per share in the 1st calendar quarter of 2012 by -4.17%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ADI is 21.08 vs. an industry ratio of 14.90, implying that they will have a higher earnings growth than their competitors in the same industry.
CF Industries Holdings, Inc. ( CF ) is reporting for the quarter ending December 31, 2012. The fertilizers company's consensus earnings per share forecast from the 13 analysts that follow the stock is $7.03. This value represents a -1.40% decrease compared to the same quarter last year. CF missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -2.35%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for CF is 7.77 vs. an industry ratio of 8.50.
Marriot International ( MAR ) is reporting for the quarter ending December 31, 2012. The hotel company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.55. This value represents a 19.57% increase compared to the same quarter last year. MAR missed the consensus earnings per share in the 4th calendar quarter of 2011 by -2.13%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for MAR is 24.25 vs. an industry ratio of 21.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Fidelity National Financial, Inc. ( FNF ) is reporting for the quarter ending December 31, 2012. The insurance (property & casualty) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.56. This value represents a -28.21% decrease compared to the same quarter last year. In the past year FNF has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 18.52%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for FNF is 10.64 vs. an industry ratio of 15.90.
QEP Resources, Inc. ( QEP ) is reporting for the quarter ending December 31, 2012. The oil (us exp & production) company's consensus earnings per share forecast from the 14 analysts that follow the stock is $0.32. This value represents a -44.83% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for QEP is 24.30 vs. an industry ratio of 16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Nabors Industries Ltd. ( NBR ) is reporting for the quarter ending December 31, 2012. The oil & gas drilling company's consensus earnings per share forecast from the 21 analysts that follow the stock is $0.29. This value represents a -44.23% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for NBR is 10.16 vs. an industry ratio of 8.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Oil States International, Inc. ( OIS ) is reporting for the quarter ending December 31, 2012. The oil field machinery & equipment company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.89. This value represents a 9.88% increase compared to the same quarter last year. In the past year OIS has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 1.55%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for OIS is 9.84 vs. an industry ratio of 14.60.
Herbalife LTD. ( HLF ) is reporting for the quarter ending December 31, 2012. The drug store company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.04. This value represents a 20.93% increase compared to the same quarter last year. In the past year HLF has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 2.97%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for HLF is 9.59 vs. an industry ratio of -16.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Terex Corporation ( TEX ) is reporting for the quarter ending December 31, 2012. The machinery company's consensus earnings per share forecast from the 15 analysts that follow the stock is $0.39. This value represents a 50.00% increase compared to the same quarter last year. In the past year TEX has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 24%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for TEX is 17.29 vs. an industry ratio of 14.30, implying that they will have a higher earnings growth than their competitors in the same industry.
ProAssurance Corporation ( PRA ) is reporting for the quarter ending December 31, 2012. The insurance (property & casualty) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.41. This value represents a -33.80% decrease compared to the same quarter last year. In the past year PRA has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 6.17%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for PRA is 11.61 vs. an industry ratio of 15.90.
Cleco Corporation ( CNL ) is reporting for the quarter ending December 31, 2012. The electric power utilities company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.32. This value represents a -28.89% decrease compared to the same quarter last year. CNL missed the consensus earnings per share in the 1st calendar quarter of 2012 by -4.55%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for CNL is 18.02 vs. an industry ratio of 8.30, implying that they will have a higher earnings growth than their competitors in the same industry.
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 January 31, 2013. DELL missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -6.52%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DELL is 8.08 vs. an industry ratio of 9.20.
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Dell Inc. ( DELL ) is reporting for the quarter ending January 31, 2013. DELL missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -6.52%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DELL is 8.08 vs. an industry ratio of 9.20.
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Dell Inc. ( DELL ) is reporting for the quarter ending January 31, 2013. DELL missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -6.52%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DELL is 8.08 vs. an industry ratio of 9.20.
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Dell Inc. ( DELL ) is reporting for the quarter ending January 31, 2013. DELL missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -6.52%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for DELL is 8.08 vs. an industry ratio of 9.20.
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12fb31e2-a98f-4846-b0cd-853847bd15a8
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726526.0
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2013-02-15 00:00:00 UTC
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Cisco's Earnings Were Solid Despite Macro Challenges
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DELL
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https://www.nasdaq.com/articles/ciscos-earnings-were-solid-despite-macro-challenges-2013-02-15
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nan
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nan
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Cisco ( CSCO ) announced a healthy set of Q2 FY 2013 results February 13 as revenues grew 5% and operating income 2% over the same period last year. A one-time tax benefit however helped Cisco grow its net income by a huge 44% y-o-y. Despite a challenging macroeconomic environment, the networking giant continued to perform better than rivals such as Juniper Networks ( JNPR ) - a good sign that its turnaround efforts in shoring up key routing and switching businesses are paying off. Network spending in Europe, which accounts for close to 20% of Cisco's revenues, continued to decline due to the ongoing macroeconomic concerns. This was however largely offset by sales in the U.S. which sustained its recent strong showing and the emerging markets in Asia-Pacific which grew at a healthy 8% y-o-y.
The slow return to strength of the enterprise sector in the U.S. is a big positive for Cisco since it derives almost 60% of its revenues from the region. However, the company's stock fell almost 2% in after-market trading as expectations were already very high following its 25% rally in the past three months. On the other hand, we continue to see far more value in the stock coming from Cisco's renewed focus on its core networking areas and underlying profitability following its recent restructuring initiative.
We believe the company is going in the right direction since the moves not only allow it to innovate faster but also streamline its businesses around its core networking products that contribute almost 40% to our estimated $26.50 fair value for Cisco , with cash contributing another 20%. At the same time, we expect Cisco to benefit from the long-term growth trends of data demand and cloud computing which continue to remain sharp. Our price estimate is about 25% ahead of the current market price.
See our full analysis on Cisco
Strong data demand despite macro concerns
One of the big concerns that surrounds the networking sector currently is the macroeconomic environment in which the customers - enterprises and service providers - have to operate. Due to macroeconomic uncertainty caused by the burgeoning debt levels of governments worldwide, corporates over the past year or so have become extremely cautious with their network spending. This has impacted the top-line growth of the networking sector as a whole.
In this challenging business environment, Cisco continues to be conservative in its guidance for the future but indicated that there are signs of a "soft global recovery" with parts of Europe still under distress. Juniper's earnings commentary last month was also along similar lines, implying that the rest of the year could see a steady ramp-up in network spending.
As optimism slowly returns, we expect enterprises to loosen their purse strings more and invest heavily in their network infrastructure. This is because the macro concerns have had little impact on data demand which has continued to remain strong driven by the key trends of mobile Internet and cloud computing. Specifically, mobile data traffic has grown exponentially with the proliferation of mobile devices such as smartphones, e-readers and tablets. According to a recent Cisco VNI report, mobile data traffic grew 70% in 2011 and is expected to grow at a CAGR of about 65% over the next five years. ((Global Mobile Data Traffic Forecast Update, 2012-2017, Cisco, February 6th, 2013)) The strong data demand means that enterprises and service providers will not be able to hold off spending on network upgrades for much longer.
Cisco prepares for upcoming trends
While the fundamentals of the industry seem strong, Cisco also seems to be addressing the shifting trends in the networking sector. With its recent Intucell acquisition, we believe Cisco is meeting the SDN threat head-on as well as increasing its exposure to the service provider market. (see Cisco Buys Intucell With An Eye On The Service Provider Market And SDN Threat) Its recent move to acquire NDS Corp was made to embrace software and drive device-agnostic video consumption in order to increase the demand for its routers and switches among service providers. (see Cisco's NDS Acquisition Taps Video Demand To Boost Network Equipment Business) As for the enterprise, the company debuted its virtual cloud-routing and WAN optimization platform under the Cisco Cloud Connected Solution brand to enable businesses that are increasingly looking to move their applications to the cloud at a low cost. (see Cisco's Worth $23 On Cloud Foray And Enterprise Strength)
Overall, we believe that Cisco is executing well on its turnaround plans and is well-positioned with its new-found focus to gain higher ground going forward. (see Cisco's Post-Earnings Crash Makes The Stock Look Incredibly Cheap) The company's dominant market position as well as aggressive price cuts have helped it gain market share from rivals Juniper and Alcatel-Lucent in an uncertain economic environment so far and could help it even further when the concerns subside. However, Alcatel Lucent's recent foray into core routers poses a downside risk for Cisco seeing as the former is #2 in edge router market share - a position of strength that it can effectively leverage to provide an end-to-end solution to its customers.
Understand How a Company's Products Impact its Stock Price at Trefis
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 the other hand, we continue to see far more value in the stock coming from Cisco's renewed focus on its core networking areas and underlying profitability following its recent restructuring initiative. Due to macroeconomic uncertainty caused by the burgeoning debt levels of governments worldwide, corporates over the past year or so have become extremely cautious with their network spending. In this challenging business environment, Cisco continues to be conservative in its guidance for the future but indicated that there are signs of a "soft global recovery" with parts of Europe still under distress.
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See our full analysis on Cisco Strong data demand despite macro concerns One of the big concerns that surrounds the networking sector currently is the macroeconomic environment in which the customers - enterprises and service providers - have to operate. ((Global Mobile Data Traffic Forecast Update, 2012-2017, Cisco, February 6th, 2013)) The strong data demand means that enterprises and service providers will not be able to hold off spending on network upgrades for much longer. Understand How a Company's Products Impact its Stock Price at Trefis 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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See our full analysis on Cisco Strong data demand despite macro concerns One of the big concerns that surrounds the networking sector currently is the macroeconomic environment in which the customers - enterprises and service providers - have to operate. ((Global Mobile Data Traffic Forecast Update, 2012-2017, Cisco, February 6th, 2013)) The strong data demand means that enterprises and service providers will not be able to hold off spending on network upgrades for much longer. (see Cisco's NDS Acquisition Taps Video Demand To Boost Network Equipment Business) As for the enterprise, the company debuted its virtual cloud-routing and WAN optimization platform under the Cisco Cloud Connected Solution brand to enable businesses that are increasingly looking to move their applications to the cloud at a low cost.
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This is because the macro concerns have had little impact on data demand which has continued to remain strong driven by the key trends of mobile Internet and cloud computing. According to a recent Cisco VNI report, mobile data traffic grew 70% in 2011 and is expected to grow at a CAGR of about 65% over the next five years. (see Cisco Buys Intucell With An Eye On The Service Provider Market And SDN Threat) Its recent move to acquire NDS Corp was made to embrace software and drive device-agnostic video consumption in order to increase the demand for its routers and switches among service providers.
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67ca474a-7415-4676-b83b-dbfdce418b86
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726527.0
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2013-02-15 00:00:00 UTC
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2013: Year of the Mega Deal
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DELL
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https://www.nasdaq.com/articles/2013-year-mega-deal-2013-02-15
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nan
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nan
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Just one and a half months into 2013 and it already appears as though 2013 will be the year of an M&A boom. Analysts have been calling for a surge in mergers and acquisitions for years now, due to cheap financing rates.
However, now that the equity prices have risen to new multi-year highs, sellers are beginning to feel more confident that they are not selling at bargain basement prices. As long as prices remain strong and financing cheap, 2013 could very well be the year of the mega deal.
Already in 2013, the 10 biggest deals have totaled nearly $90 billion. In 2012, the ten biggest deals totaled a mere $71.25 billion, showing that this year is already set to smash 2012. Also, the biggest deal this year, Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) buying H.J. Heinz Company (NYSE: HNZ ) for some $28 billion.
Buffet's purchase of Heinz was not a normal Buffett deal, though. Buffett partnered with private equity firm 3G Partners in the deal and, unlike many Buffett purchases, the deal involved a significant amount of leverage. Buffett's move into debt financing for deals shows the true underlying strength of the M&A market, especially as he is one of the more conservative investors in the market who rarely likes to use leverage in buyouts.
So far through just one and a half months of 2013, the top ten deals have surpassed the top ten deals of 2012. They are:
H.J. Heinz (NYSE: HNZ ) is being sold to Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) and 3G Partners for $28 billion.Dell is in final discussions to go private in a $24.4 billion management buyout. Virgin Media (NASDAQ: VMED ) was sold to Liberty Global (NASDAQ: LBTYA ) for $23.3 billion. Copano Energy (NASDAQ: CPNO ) was sold to Kinder Morgan Energy Partners (NYSE: KMP ) for $5 billion. Acme Packet (NASDAQ: APKT ) was sold to Oracle (NASDAQ: ORCL ) for $2.1 billion. Metals USA Holdings (NYSE: MUSA ) was sold to Reliance Steel (NYSE: RS ) for $1.2 billion. Crexus Investment Corp. (NYSE: CXS ) was sold to Annaly Capital Management (NYSE: NLY ) for $996 million. MAP Pharmaceuticals (NASDAQ: MAPP ) was sold to Allergan (NYSE: AGN ) for $958 million. Zipcar (NASDAQ: ZIP ) was sold to Avis Budget Group (NASDAQ: CAR ) for $500 million.
Notably in those ten deals are the three mega deals already to have taken place this year. With cheap financing, high equity prices (meaning an increased willingness for owners to sell), and a healthy M&A market, more deals could come. One notable deal that has been rumored for nearly one year is the management buyout of Best Buy (NYSE: BBY ). Over the summer, sources thought a deal was close only for discussions to break down.
It is important to note that the recently announced management buyout of Dell is not closed yet and is facing lots of shareholder rebuffs. Notable activist investor Southeastern Asset Management said it would vote its shares against the deal and other institutional shareholders have joined the chorus of those against the deal in recent weeks. The final vote will determine whether the deal goes through.
It should also be pointed out that added to the list of acquisitions should be the merger of American Airlines ( AAMRQ ) and United Airlines, which together creates the largest airline in the U.S. Once again, the cheap financing, the good selling prices and a health M&A market should make 2013 the year of the mega deal. So grab your popcorn, because this is going to be one heck of a show.
(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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It is important to note that the recently announced management buyout of Dell is not closed yet and is facing lots of shareholder rebuffs. Heinz (NYSE: HNZ ) is being sold to Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) and 3G Partners for $28 billion.Dell is in final discussions to go private in a $24.4 billion management buyout. Analysts have been calling for a surge in mergers and acquisitions for years now, due to cheap financing rates.
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Heinz (NYSE: HNZ ) is being sold to Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) and 3G Partners for $28 billion.Dell is in final discussions to go private in a $24.4 billion management buyout. It is important to note that the recently announced management buyout of Dell is not closed yet and is facing lots of shareholder rebuffs. Also, the biggest deal this year, Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) buying H.J.
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Heinz (NYSE: HNZ ) is being sold to Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) and 3G Partners for $28 billion.Dell is in final discussions to go private in a $24.4 billion management buyout. It is important to note that the recently announced management buyout of Dell is not closed yet and is facing lots of shareholder rebuffs. Also, the biggest deal this year, Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) buying H.J.
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Heinz (NYSE: HNZ ) is being sold to Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) and 3G Partners for $28 billion.Dell is in final discussions to go private in a $24.4 billion management buyout. It is important to note that the recently announced management buyout of Dell is not closed yet and is facing lots of shareholder rebuffs. Also, the biggest deal this year, Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) buying H.J.
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5daa7b30-173e-43d3-8b81-ad6588f0518e
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726528.0
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2013-02-14 00:00:00 UTC
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After Hours Most Active for Feb 14, 2013 : QQQ, C, AMGN, FCH, DELL, CSCO, CBS, QLIK, NWSA, BAC, BP, GE
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-feb-14-2013-qqq-c-amgn-fch-dell-csco-cbs-qlik-nwsa-bac-bp-ge-2013
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.03 to 2,771.4. The total After hours volume is currently 25,698,239 shares traded.
The following are the most active stocks for the after hours session :
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.04 at $67.91, with 1,433,411 shares traded. This represents a 13.11% increase from its 52 Week Low.
Citigroup Inc. ( C ) is -0.03 at $44.29, with 1,140,983 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 $1.21. As reported by Zacks, the current mean recommendation for C is in the "buy range".
Amgen Inc. ( AMGN ) is -0.02 at $84.72, with 1,066,711 shares traded. AMGN's current last sale is 90.13% of the target price of $94.
FelCor Lodging Trust Incorporated ( FCH ) is unchanged at $5.31, with 999,151 shares traded.FCH is scheduled to provide an earnings report on 2/19/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is -0.02 per share, which represents a -3 percent increase over the EPS one Year Ago
Dell Inc. ( DELL ) is unchanged at $13.70, with 981,361 shares traded.DELL is scheduled to provide an earnings report on 2/19/2013, for the fiscal quarter ending Jan2013. The consensus earnings per share forecast is 0.39 per share, which represents a 51 percent increase over the EPS one Year Ago
Cisco Systems, Inc. ( CSCO ) is -0.02 at $20.98, with 840,686 shares traded. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
CBS Corporation ( CBS ) is -0.26 at $42.68, with 839,825 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 $0.65. RTT News Reports: CBS Q4 Profit Rises; To Repurchase Addl. $1 Bln Of Class B Common Stock
Qlik Technologies Inc. ( QLIK ) is +3.19 at $25.95, with 656,170 shares traded. RTT News Reports: Qlik Technologies To Participate In Pacific Crest Emerging Summit At 4:30 PM ET
News Corporation ( NWSA ) is unchanged at $28.49, with 646,027 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2013. The consensus EPS forecast is $0.43. As reported by Zacks, the current mean recommendation for NWSA is in the "buy range".
Bank of America Corporation ( BAC ) is +0.01 at $12.14, with 621,092 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.23. BAC's current last sale is 93.38% of the target price of $13.
BP p.l.c. ( BP ) is -0.02 at $42.24, with 548,400 shares traded. BP's current last sale is 86.2% of the target price of $49.
General Electric Company ( GE ) is -0.0477 at $23.36, with 548,212 shares traded. As reported by Zacks, the current mean recommendation for GE 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 consensus earnings per share forecast is -0.02 per share, which represents a -3 percent increase over the EPS one Year Ago Dell Inc. ( DELL ) is unchanged at $13.70, with 981,361 shares traded.DELL is scheduled to provide an earnings report on 2/19/2013, for the fiscal quarter ending Jan2013. FelCor Lodging Trust Incorporated ( FCH ) is unchanged at $5.31, with 999,151 shares traded.FCH is scheduled to provide an earnings report on 2/19/2013, for the fiscal quarter ending Dec2012. RTT News Reports: CBS Q4 Profit Rises; To Repurchase Addl.
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The consensus earnings per share forecast is -0.02 per share, which represents a -3 percent increase over the EPS one Year Ago Dell Inc. ( DELL ) is unchanged at $13.70, with 981,361 shares traded.DELL is scheduled to provide an earnings report on 2/19/2013, for the fiscal quarter ending Jan2013. The consensus earnings per share forecast is 0.39 per share, which represents a 51 percent increase over the EPS one Year Ago Cisco Systems, Inc. ( CSCO ) is -0.02 at $20.98, with 840,686 shares traded. RTT News Reports: Qlik Technologies To Participate In Pacific Crest Emerging Summit At 4:30 PM ET News Corporation ( NWSA ) is unchanged at $28.49, with 646,027 shares traded.
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The consensus earnings per share forecast is -0.02 per share, which represents a -3 percent increase over the EPS one Year Ago Dell Inc. ( DELL ) is unchanged at $13.70, with 981,361 shares traded.DELL is scheduled to provide an earnings report on 2/19/2013, for the fiscal quarter ending Jan2013. The consensus earnings per share forecast is 0.39 per share, which represents a 51 percent increase over the EPS one Year Ago Cisco Systems, Inc. ( CSCO ) is -0.02 at $20.98, with 840,686 shares traded. RTT News Reports: Qlik Technologies To Participate In Pacific Crest Emerging Summit At 4:30 PM ET News Corporation ( NWSA ) is unchanged at $28.49, with 646,027 shares traded.
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The consensus earnings per share forecast is -0.02 per share, which represents a -3 percent increase over the EPS one Year Ago Dell Inc. ( DELL ) is unchanged at $13.70, with 981,361 shares traded.DELL is scheduled to provide an earnings report on 2/19/2013, for the fiscal quarter ending Jan2013. The consensus earnings per share forecast is 0.39 per share, which represents a 51 percent increase over the EPS one Year Ago Cisco Systems, Inc. ( CSCO ) is -0.02 at $20.98, with 840,686 shares traded. RTT News Reports: Qlik Technologies To Participate In Pacific Crest Emerging Summit At 4:30 PM ET News Corporation ( NWSA ) is unchanged at $28.49, with 646,027 shares traded.
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97cce2d0-a9c6-45d3-bb96-22d96af604f9
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726529.0
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2013-02-14 00:00:00 UTC
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5 Facts About Stock Buyouts That May Surprise You
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DELL
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https://www.nasdaq.com/articles/5-facts-about-stock-buyouts-may-surprise-you-2013-02-14
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nan
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nan
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PC maker Dell (Nasdaq: DELL) kickstarted the era of affordable personal computers -- and made many people very wealthy along the way.
Then, it lost its way, eventually culminating in its recently proposedbuyout .
It's hard to pinpoint precisely where Dell got off track, but it's clear that the company became an also-ran in the various technology niches in which it operated. It's a business badly in need of a fix.
And Dell's board apparently realized that it's much easier to fix this business away from the scrutiny that comes with being apublic company . So Dell is attempting to "go private" in a $24-billion deal thatwill enable founder Michael Dell and hisinvestment partners to make radical moves that may hurt the company's results on a short-termbasis -- which the public never likes to see -- but (presumably) set the stage for long-term growth.
It's a big deal when a company as prominent as Dell goes private, but it's hardly unheard-of. And every time it happens, there are things you can learn to become a smarter investor.
Let me explain…
1. Not allrevenue is created equal.
The past five years proved to be especially challenging for Dell. Although the company made a number of acquisitions, its sales in fiscal (February) 2012 of $62 billion were just 1% higher than four years earlier.
Translation: Without the revenue that those acquisitions brought in, Dell's sales base actually would have shrunk by a considerable amount in recent years.
Meanwhile, other high-tech companies such as Google (Nasdaq: GOOG) , Apple (Nasdaq: AAPL) , Amazon.com (Nasdaq: AMZN) and Microsoft (Nasdsq: MSFT) managed to maintain more respectable growth rates.
That's an important lesson for investors. It's not enough for a company just to increase its revenue. The way in which the revenue increases is just as important.
2. Strong companies get bought out, too.
Fixing a broken business is one of the two main causes behind companies' decisions to exit the public markets. The other cause: When a company is doing quite well, controls an attractive industry niche and would aid an even larger firm in its efforts to crack a newmarket . That's the method GE ( GE ) deploys -- the company identifies industries that it hopes to dominate and then finds the best operators in that industry. Right now, GE is snapping up a number of great companies to help form the backbone of a new division, GE Energy.
3. Buyouts can be great for shareholders.
Although it may seem that Dell's suggested $24 billion purchase price was the result of a concrete analysis of the company's value, buyouts are actually more art than science. Both parties start off with very different views of what a business is worth. And then they parry and thrust until a mutually satisfactory number is arrived upon.
There is one hard and firm rule that these negotiators must heed. Any buyout price must be considerably above the current trading price. Otherwise, existing shareholders would wonder if a buyout gives them any benefit. When Dell's buyout talks began in the summer and fall of 2012,shares traded below $10. So the $13.50-per-shareoffer to take the company private represents nearly a 40% premium. With such a built-in booster shoot, most shareholders are likely to give a thumbs-up to the transaction.
4. Shareholders have choices when buyouts happen.
When a company receives overtures from a potentially interested buyer, the company'sboard of directors must assess the sincerity of the interest and determine what price the buyer is hoping to pay and whether the deal will be paid incash andstock . The board must then make its own assessment of the company's value, generating what is known as a "fairness opinion" (which is often provided by investment banks that act as anadvisor in any transactions).
To be sure, not all corporate boards act in the independent manner that they should. Many times, the board members are close friends with top management and are inclined to simply "rubberstamp" whatever management wants. Whenever this happens, outside shareholders can raise an objection. You'll often see amutual fund orhedge fund manager seek out alliances with other outside shareholders to force management and the board to reject a buyout offer until its value has been increased.
Assuming a buyout will proceed as planned, investors can either sell their shares immediately or wait for the transaction to close. Often times, the current share price will be a bit below the buyout price, reflecting the possibility that the deal will fall through. That's why many investors choose to hold on until shares move up to the buyout price. If you do nothing, then the cash from the sold shares is simply be deposited into your brokerage account when the deal closes -- typically three to four months later. (Unless a company is being acquired with another company's stock, in which case you receive stock of the acquiring company instead.)
If you don't want to sell, then there isn't much you can do to block a deal, unless larger investors (such ashedge funds and mutual funds) are against the deal and actively reach out to enough investors to gain control of more than 50% of the company's voting stock. This is a fairly rare occurrence.
5. It's smart to be wary of buyout rumors.
Dell is not the first technology company to be acquired or go private. The entire industry is always in the midst of rapid change, with new products that can leapfrog existing products. Many investors start to focus on companies like Dell when they have stumbled badly, presuming that management will fix the business -- or sell it.
By the time shares of Dell traded below $10 a share last summer, the company'smarket value had slumped to $16.5 billion of just 25% of its prior year sales base. That's virtually unheard-of and a clear sign that some sort of bold move might soon take place.
There's an old saying onWall Street : Never buy a company's stock in hopes of a buyout. Indeed, most rumored buyouts never even come to pass. Instead, look at the possibility of a buyout as just one of many potential positives when you are assessing a beaten-down stock.
Let's use data storage firm Fusion-io ( FIO ) as an example. This company has been repeatedly mentioned as a potential buyout target, and every time the rumor mill churns up, the stock spikes nicely higher. And then the rumors fade and those who had been hoping for a buyout are leftholding the bag.
Now, with shares trading below $18, Fusion-io is trading closer to the fundamental value of its business. Someanalysts say this company has a very bright future, and some even suggest that a buyout will eventually happen. Making a bet on such an outcome looks much wiser when shares are washed out, as they are now.
Action to Take --> There's a good chance that some of thestocks in your portfolio will be bought out in coming years. It's the natural Darwinian evolution of publicly-traded companies. Indeed, many of the companies that were in the original Dow Jones Industrial Average don't even exist as public companies any more. They've long since been acquired.
To reiterate, never buy a stock simply because you think it has buyout potential. But use that sentiment as part of your broader investment thesis for a stock.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2016 StreetAuthority, LLC. 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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Many investors start to focus on companies like Dell when they have stumbled badly, presuming that management will fix the business -- or sell it. PC maker Dell (Nasdaq: DELL) kickstarted the era of affordable personal computers -- and made many people very wealthy along the way. It's hard to pinpoint precisely where Dell got off track, but it's clear that the company became an also-ran in the various technology niches in which it operated.
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PC maker Dell (Nasdaq: DELL) kickstarted the era of affordable personal computers -- and made many people very wealthy along the way. It's hard to pinpoint precisely where Dell got off track, but it's clear that the company became an also-ran in the various technology niches in which it operated. And Dell's board apparently realized that it's much easier to fix this business away from the scrutiny that comes with being apublic company .
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Although it may seem that Dell's suggested $24 billion purchase price was the result of a concrete analysis of the company's value, buyouts are actually more art than science. PC maker Dell (Nasdaq: DELL) kickstarted the era of affordable personal computers -- and made many people very wealthy along the way. It's hard to pinpoint precisely where Dell got off track, but it's clear that the company became an also-ran in the various technology niches in which it operated.
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Translation: Without the revenue that those acquisitions brought in, Dell's sales base actually would have shrunk by a considerable amount in recent years. By the time shares of Dell traded below $10 a share last summer, the company'smarket value had slumped to $16.5 billion of just 25% of its prior year sales base. PC maker Dell (Nasdaq: DELL) kickstarted the era of affordable personal computers -- and made many people very wealthy along the way.
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7a1c197c-d44d-4b4e-b8a6-653dbd680ebc
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726530.0
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2013-02-13 00:00:00 UTC
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Strubel Investment Management Open Letter To Dell Opposing Go-Private Transaction
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DELL
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https://www.nasdaq.com/articles/strubel-investment-management-open-letter-dell-opposing-go-private-transaction-2013-02-13
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nan
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nan
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By Ben Strubel :
Strubel Investment Management, LLC
1853 William Penn Way
Suite 1
Lancaster, PA 17601
February 13, 2013
Board of Directors
Dell, Inc.
One Dell Way
Round Rock, TX 78682
Attention: Lawrence P. Tu, Senior Vice President, General Counsel, and Secretary
Dear Board of Directors:
Strubel Investment Management, LLC, is a shareholder of Dell Inc. ( DELL ) (or "the Company") and provides advisory services to clients who also are shareholders of the Company. We are writing to express our extreme dissatisfaction with the proposed go-private transaction, which we believe grossly undervalues the Company. We are also writing to inform you that we will vote against the proposed transaction and advise our clients who are shareholders in the Company to vote against the proposal as well.
The basic function of a board is to oversee management, to hold it accountable, and ensure all shareholders are treated equitably. We believe the board has failed this duty in a dramatic fashion. By allowing such a transaction to take place at a price of $13.65, the board is essentially allowing Mr. Michael Dell to steal the Company from current shareholders . We believe the intrinsic value of the Company is far greater than $13.65 per share. Specifically, the following supports our valuation analysis:
We are at a loss as to how the board could see fit to believe the Company is fairly valued at only $13.65 per share. Indeed, as of November 2012, the Company has spent $700 million repurchasing 46 million shares at an average price of $15.21 and has been repurchasing shares at an average price of $17.65 per share as recently as May 2012. If less than one year ago the Company and the board believed that repurchasing shares at a price as high as $17.65 was in the best interest of shareholders and that the Company was worth $17.65 per share or more, then why does the board now believe the intrinsic value of the Company is $13.65 or less and that the current go-private transaction is in the best interest of shareholders?
We are also unable to comprehend the board and management's rationalization that the Company is best served by being taken private. The only explanations given in regards to the rationale behind the go-private transactions have been statements by Mr. Dell in the press release dated Feb. 5, 2013, and an interview the current CFO Mr. Gladden gave to Reuters on Feb. 5, 2013.
In the press release Mr. Dell states:
Reuters quotes Mr. Gladden as stating:
Reuters also attributes the following to Mr. Gladden:
It appears, based on quotes given by management, that the sole rationale for taking the Company private is that Mr. Dell and Mr. Gladden do not like running a public company . Beyond empty platitudes and ephemeral references to creating the holy grail of modern finance, "stockholder value," it appears that management and the board are unable to clearly identify how the go-private transaction is beneficial to current shareholders.
We note Mr. Dell and Mr. Gladden received $16,138,498 and $8,177,566 in total compensation during the Company's 2012 fiscal year. Surely Mr. Dell and Mr. Gladden, making 474 and 240 times the average worker's salary 11 respectively , are paid handsomely enough to cope with the extra scrutiny that comes with running a public company. We roundly reject the notion that Mr. Dell and Mr. Gladden are unable to function to their true potential due to running a public rather than private company.
If the Company finds the quarter-to-quarter focus of "Wall Street" to be such a burden to management as to affect their ability to run the Company, then we suggest they follow the Berkshire Hathaway Inc. model and cease issuing guidance and cease holding quarterly conference calls.
Additionally, we find absurd the notion that going private will allow the Company to better execute its long-term strategy. As the Company's current strategy of transitioning to an end-to-end enterprise IT solutions provider is not dependent on continued access to equity markets, the quarter-to-quarter stock price fluctuations and the pontifications of Wall Street "analysts" are irrelevant to the Company and its ability to create significant value for shareholders in the future.
We are baffled by the reasons management has given in its attempt to justify the go-private proposal. We are also equally astonished that the board apparently concurs that the current course of action represents the best option for all shareholders.
Again, we refer to the Feb. 8, 2013, letter sent by your largest outside shareholder, Southeastern Asset Management, Inc. In that letter, they proposed several alternatives to the current go-private transaction, including a dividend recapitalization plan. We have reviewed the Southeastern proposal and believe it is a far superior option for creating value for shareholders in the near term. We intend to fully support Southeastern's effort to block the current go-private transaction and will support Southeastern should they attempt to implement their alternate proposal at a later date.
In closing, we remind the board that they have a fiduciary duty to ensure all shareholders are treated fairly and equitably. Let the fools sell their shares of the company low, but do not force every shareholder to be a fool.
As a shareholder, we also respectfully request an explanation as to why the board and management considered Company shares undervalued at average prices of $17.65 less than one year ago when they authorized a share repurchase plan and repurchased shares respectively and why they now consider Company shares to be fully valued at $13.65.
Sincerely,
/s/ Benjamin J. Strubel
Benjamin J. Strubel
President and Portfolio Manager
Notes:
1 1,736,000,000 shares outstanding as of Nov. 2,2012.
2 TTM revenue of Servers & Networking, Services, and Dell owned IP Storage segments.
3 Based on company statements that over half of gross margin is from non PC sources.
4 Based on TTM operating expense ratio.
5 TTM interest expense and other expenses.
6 Based on three-year average historical tax rate of 22.73%.
7 Based on 50% of five-year average historical acquisition spending. Dell spends much less than competitors on R&D and continued acquisitions and/or increased R&D spending will be needed to maintain 8 Current 12-month P/E ratio of Dell's self-selected "close comparables" peer group.
9 DFS financing costs included in DFS segment.
10 $3.1 billion book value of DFS based on receivables less financing costs.
11 Bureau of Labor Statistics average worker wage in 2011 of $34,053.
Disclosure: I am long [[DELL]]. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
See also Pacira Insiders Sold $25 Million Last Week - But Why ? on seekingalpha.com
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 only explanations given in regards to the rationale behind the go-private transactions have been statements by Mr. Dell in the press release dated Feb. 5, 2013, and an interview the current CFO Mr. Gladden gave to Reuters on Feb. 5, 2013. Surely Mr. Dell and Mr. Gladden, making 474 and 240 times the average worker's salary 11 respectively , are paid handsomely enough to cope with the extra scrutiny that comes with running a public company. By Ben Strubel : Strubel Investment Management, LLC 1853 William Penn Way Suite 1 Lancaster, PA 17601 February 13, 2013 Board of Directors Dell, Inc. One Dell Way Round Rock, TX 78682 Attention: Lawrence P. Tu, Senior Vice President, General Counsel, and Secretary Dear Board of Directors: Strubel Investment Management, LLC, is a shareholder of Dell Inc. ( DELL ) (or "the Company") and provides advisory services to clients who also are shareholders of the Company.
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By Ben Strubel : Strubel Investment Management, LLC 1853 William Penn Way Suite 1 Lancaster, PA 17601 February 13, 2013 Board of Directors Dell, Inc. One Dell Way Round Rock, TX 78682 Attention: Lawrence P. Tu, Senior Vice President, General Counsel, and Secretary Dear Board of Directors: Strubel Investment Management, LLC, is a shareholder of Dell Inc. ( DELL ) (or "the Company") and provides advisory services to clients who also are shareholders of the Company. In the press release Mr. Dell states: Reuters quotes Mr. Gladden as stating: Reuters also attributes the following to Mr. Gladden: It appears, based on quotes given by management, that the sole rationale for taking the Company private is that Mr. Dell and Mr. Gladden do not like running a public company . By allowing such a transaction to take place at a price of $13.65, the board is essentially allowing Mr. Michael Dell to steal the Company from current shareholders .
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By Ben Strubel : Strubel Investment Management, LLC 1853 William Penn Way Suite 1 Lancaster, PA 17601 February 13, 2013 Board of Directors Dell, Inc. One Dell Way Round Rock, TX 78682 Attention: Lawrence P. Tu, Senior Vice President, General Counsel, and Secretary Dear Board of Directors: Strubel Investment Management, LLC, is a shareholder of Dell Inc. ( DELL ) (or "the Company") and provides advisory services to clients who also are shareholders of the Company. By allowing such a transaction to take place at a price of $13.65, the board is essentially allowing Mr. Michael Dell to steal the Company from current shareholders . The only explanations given in regards to the rationale behind the go-private transactions have been statements by Mr. Dell in the press release dated Feb. 5, 2013, and an interview the current CFO Mr. Gladden gave to Reuters on Feb. 5, 2013.
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By Ben Strubel : Strubel Investment Management, LLC 1853 William Penn Way Suite 1 Lancaster, PA 17601 February 13, 2013 Board of Directors Dell, Inc. One Dell Way Round Rock, TX 78682 Attention: Lawrence P. Tu, Senior Vice President, General Counsel, and Secretary Dear Board of Directors: Strubel Investment Management, LLC, is a shareholder of Dell Inc. ( DELL ) (or "the Company") and provides advisory services to clients who also are shareholders of the Company. By allowing such a transaction to take place at a price of $13.65, the board is essentially allowing Mr. Michael Dell to steal the Company from current shareholders . The only explanations given in regards to the rationale behind the go-private transactions have been statements by Mr. Dell in the press release dated Feb. 5, 2013, and an interview the current CFO Mr. Gladden gave to Reuters on Feb. 5, 2013.
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1b6ab407-992a-40b5-aa9b-b0c778ab1b35
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726531.0
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2013-02-13 00:00:00 UTC
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NetApp Pre-Earnings: Services And Software Growth Help Offset Hardware Weakness
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DELL
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https://www.nasdaq.com/articles/netapp-pre-earnings-services-and-software-growth-help-offset-hardware-weakness-2013-02-13
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nan
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nan
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NetApp ( NTAP ) is set to announce its Q3 results on February 13. Cautious IT spending and the slowdown in Europe weighed on the storage products maker in Q2, with revenues coming in at $1.541 billion, up slightly y-o-y with revenue in line with guidance. NetApp is involved in designing solutions for storing, managing and protecting business data through enterprise storage and data management software as well as hardware products and services. In Q3, NetApp estimates revenues to be in the range of $1.575-$1.675 billion, EPS is expected to be $0.29 to $0.34 a share.
See our full analysis on NetApp
Storage hardware is the most valuable division of NetApp, constituting nearly 40% of its value while software and consulting services constitute nearly 30% of its current value with cash making up the rest.
Services And Software Growth Outpacing Hardware Decline
On a y-o-y basis, product revenue fell slightly from $1.016 billion in 2011 to $996 million in 2012. This decline was, however, negated by growth in software revenues, which climbed 10% from $198 million to $219 million and services revenue which grew 12% from $293 million to $326 million. This trend is likely to help margins as we estimate product gross margins to be in the low 50% range while services margins are slightly higher nearing 60% and software margins are much higher nearing the 90% mark. The downturn in hardware revenues is short term and is likely to pick up as IT spending improves.
Cloud Storage, Big Data And StorageGRID Key for 2013
Product revenues took a hit in Q2 due to seasonality and macro-economic factors, but hardware maintenance contracts showed robust growth and is likely to positively impact margins. StorageGRID software now comes with the cloud data management interface (CDMI) standard. This is developed by the Storage Networking Industry Association (SNIA) and involves the interaction of applications with cloud storage. It covers activities such as the creation, retrieval and deletion of data elements from the cloud and is an open standard for self-provisioning and accessing cloud storage. This is a shift away from proprietary API's and interfaces that ties clients to its storage vendors as CDMI is a more open approach aimed at reducing vendor dependability. In essence, a company can change cloud storage vendors easily and is not dependent on a single vendor. Currently, NetApp is one of the few large storage vendors that supports the standard, and we expect this to drive its revenues as it will be able to better manage clients' storage needs.
We currently have a $37.50 Trefis price estimate for NetApp , which is slightly higher than its market price.
Understand How a Company's Products Impact its Stock Price at Trefis
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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Services And Software Growth Outpacing Hardware Decline On a y-o-y basis, product revenue fell slightly from $1.016 billion in 2011 to $996 million in 2012. Cloud Storage, Big Data And StorageGRID Key for 2013 Product revenues took a hit in Q2 due to seasonality and macro-economic factors, but hardware maintenance contracts showed robust growth and is likely to positively impact margins. StorageGRID software now comes with the cloud data management interface (CDMI) standard.
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Services And Software Growth Outpacing Hardware Decline On a y-o-y basis, product revenue fell slightly from $1.016 billion in 2011 to $996 million in 2012. This trend is likely to help margins as we estimate product gross margins to be in the low 50% range while services margins are slightly higher nearing 60% and software margins are much higher nearing the 90% mark. Understand How a Company's Products Impact its Stock Price at Trefis 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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NetApp is involved in designing solutions for storing, managing and protecting business data through enterprise storage and data management software as well as hardware products and services. Cloud Storage, Big Data And StorageGRID Key for 2013 Product revenues took a hit in Q2 due to seasonality and macro-economic factors, but hardware maintenance contracts showed robust growth and is likely to positively impact margins. Currently, NetApp is one of the few large storage vendors that supports the standard, and we expect this to drive its revenues as it will be able to better manage clients' storage needs.
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Services And Software Growth Outpacing Hardware Decline On a y-o-y basis, product revenue fell slightly from $1.016 billion in 2011 to $996 million in 2012. StorageGRID software now comes with the cloud data management interface (CDMI) standard. Currently, NetApp is one of the few large storage vendors that supports the standard, and we expect this to drive its revenues as it will be able to better manage clients' storage needs.
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cdd5c7d0-0e03-4911-8a92-74feb2c28fba
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726532.0
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2013-02-13 00:00:00 UTC
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Why Steve Jobs' Big Blunder is Starting to Cost Apple
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DELL
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https://www.nasdaq.com/articles/why-steve-jobs-big-blunder-starting-cost-apple-2013-02-13
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nan
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nan
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In coming months, moviegoerswill be treated to a pair of hagiographic films about Steve Jobs. In early April, we'll get to see Ashton Kutcher's impression of the legendary tech visionary. Some time later in 2013, a script Aaron Sorkin -- the man behind Academy Award winners such as "A Few Good Men" and "The Social Network" -- is developing will hit the screen.
Count on both films to portray Jobs in a luminescent glow.
But more than a year after Jobs' passing, Apple's (Nasdaq: AAPL ) mojo is no longer rising. The mighty iPhone has begun cedingmarket share to rivals, as critics rave about souped-up offerings from Samsung and others. And now the iPad may be losing steam as well. And on this score, even Jobs gets some blame.
10 inches -- or nothing
While Jobs was still firmly in control at Apple, he repeatedly stressed the need for a 10-inch iPad, even as rivals began to speak of smaller tablet computers. An early foray by Dell (Nasdaq: DELL) with a 5-inch tablet was ill-conceived and quickly pulled off of themarket . But tablet makers focusing on a 7-inch form factor started makingwaves . Even as these smaller tablet computers started to make inroads, Apple was undeterred. Finally, sometime in 2012, Apple relented and started to develop the specs for its own 7-inch device, known as the iPad Mini.
That belated effort should have come sooner. In a recently-released report, research firm IDCnotes that Apple is starting to lose its tight grip on the tablet computer market. The key culprit: 7-inch tablets. That's where Samsung, Microsoft (Nasdaq: MSFT ) and others have more squarely focused, so the tablet market share is beginning to shift. Apple still rules the roost, with market share exceeding 40%, but this figure used to be more than 60%. It's no coincidence that Samsung and Amazon.com (Nasdaq: AMZN ) have gained more than 10 percentage points of market share in the segment during the past six months.
This isn't a simple case of the iPad Mini cannibalizing demand from the 10-inch version. "Several other 7-inch tablets fared well in 4Q12 (Samsung Galaxy, Amazon Kindle, Google (Nasdaq: GOOG ) Nexus), driving a continuing mix shift to the smaller tablet form factor. Overall, the 7-inch tablet group held 41.3% market share in 4Q12, up 12.6% from 2Q12; this compares to the 10-inch tablet group that held 40.6% share in 4Q12 versus 67.3% twoquarters prior," notedanalysts at Citigroup Research.
Perhaps the declining market share was inevitable. After all, the consumer electronics segment is littered with pioneering firms that eventually lost their grip. Sony's (NYSE: SNE ) Trinitron TVs, Nokia's (NYSE: NOK ) once-dominant cellphones, Motorola's RAZR, and the Sony Walkman all once controlled their respective markets.
Until they didn't.
The trouble with a falling market share can be seen on theincome statement as increasingcommoditization within a segment leads to pricing pressures. Indeed, the iPad's average selling price fell more than 10% sequentially in the fourth quarter of 2012, which translates directly into shrinkingprofit margins . Apple posted 44% gross margins and 37%EBITDA margins in fiscal (September) 2012. That's almost unheard of in the consumer electronics industry. And they areprofit levels likely never again to be seen by Apple.
"It's all good."
Tim Cook, who took the reins from Jobs in August 2011, casually dismisses any talk of Apple losing its cloak of invincibility. At a Goldman Sachs investor conference this week, he suggested investors are too caught up in short-term thinking: "We're managing Apple for the long term, I know people care about quarters and so forth ... but the profound decisions we make are for Apple's long-term. Not the short, 90-day clock," he said, according to CNET.
During the past decade, Apple has been able to keep nervous investors at bay by delivering a long string of blow-out quarters. In return, the company was never pressed to articulate plans for future growth clearly. But with growth rapidly slowing, and sales of once-hot products like the iPhone and the iPad starting to cool, can such a laissez-faire style of communication persist? Probably not.
Instead, Apple'sstock will mark time, until and unless the company can prove that it can either extend the runway for its current roster of products, or launch another pioneering product. Rumors of an Apple TV seem to fit that need, but the silence remains deafening out of Apple's Cupertino, Calif. headquarters -- several years after the first rumors started to swirl. An Apple device, wearable on your wrist, is also said to be in development, and could be the kind of hot new product the company needs. But it's far too early to know.
Until we see a glimpse of that TV, all eyes will remain on the iPad. In the third quarter of 2013, Apple is expected to launch new lighter, thinner versions with faster processors, as well as a version of the iPad Mini with Retina display. In years past, consumers have been quick to toss their old units in the garbage and rush out to buy the new ones. It's fair to wonder whether these new devices will create the same level of frenzy.
Risks to Consider: As anupside risk, Apple's bulletproofbalance sheet can dole out all kinds of perks to investors, from huge stock buybacks to robustdividend hikes... so the stock doesn't have major further downside.
Action to Take --> It's a bit too soon to write Apple off. But it's not too soon for Cook to break a sweat and get Apple back on the path of stunning new product launches. The competition is clearly catching up to Apple. And the longer the company waits, the harder it will be to pull away from the pack.
Indeed, companies such as Microsoft, Samsung, Amazon.com, Google, Asus and others likely feel newly-emboldened by their market share gains, and are probably going to keep stepping on the gas. Even Sony, which hasn't even been much of a player in these segments, is expressing plans to make a major splash in the smartphone and tablet-computer segments.
-- David Sterman
P.S. -- It's finally here... our Top 10 Stocks for 2013. Since we first began publishing this annual report in 2003, our picks have beaten the market 7 out of the past 9 years... including average annual gains of up to 38.7% in a single year. Go here to learn more.
David Sterman does not personally hold positions in any securities mentioned in this article. StreetAuthority LLC does not hold positions in any securities mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. 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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An early foray by Dell (Nasdaq: DELL) with a 5-inch tablet was ill-conceived and quickly pulled off of themarket . Some time later in 2013, a script Aaron Sorkin -- the man behind Academy Award winners such as "A Few Good Men" and "The Social Network" -- is developing will hit the screen. 10 inches -- or nothing While Jobs was still firmly in control at Apple, he repeatedly stressed the need for a 10-inch iPad, even as rivals began to speak of smaller tablet computers.
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An early foray by Dell (Nasdaq: DELL) with a 5-inch tablet was ill-conceived and quickly pulled off of themarket . In a recently-released report, research firm IDCnotes that Apple is starting to lose its tight grip on the tablet computer market. Overall, the 7-inch tablet group held 41.3% market share in 4Q12, up 12.6% from 2Q12; this compares to the 10-inch tablet group that held 40.6% share in 4Q12 versus 67.3% twoquarters prior," notedanalysts at Citigroup Research.
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An early foray by Dell (Nasdaq: DELL) with a 5-inch tablet was ill-conceived and quickly pulled off of themarket . 10 inches -- or nothing While Jobs was still firmly in control at Apple, he repeatedly stressed the need for a 10-inch iPad, even as rivals began to speak of smaller tablet computers. In a recently-released report, research firm IDCnotes that Apple is starting to lose its tight grip on the tablet computer market.
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An early foray by Dell (Nasdaq: DELL) with a 5-inch tablet was ill-conceived and quickly pulled off of themarket . Finally, sometime in 2012, Apple relented and started to develop the specs for its own 7-inch device, known as the iPad Mini. That's where Samsung, Microsoft (Nasdaq: MSFT ) and others have more squarely focused, so the tablet market share is beginning to shift.
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9897d339-97fe-47e1-bbe6-db40ed919b53
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726533.0
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2013-02-12 00:00:00 UTC
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Mason Hawkins Buys More Dell While Opposing the Deal
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DELL
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https://www.nasdaq.com/articles/mason-hawkins-buys-more-dell-while-opposing-deal-2013-02-12
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nan
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nan
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The future of the Dell ( DELL ) deal is looking dimmer as its largest outside investor Southeastern Asset Management buys more shares while openly opposing the deal. Southeastern Asset Management bought almost 17 million shares in the past weeks. It now owns 146.8 million shares, which is about 8.5% of the company. Southeastern Asset Management has openly opposed the Dell deal, which is led by Michael Dell and plans to buyout other shareholders at $13.5 a share. Southeastern Asset Management said that the deal "grossly undervalued the company," and believes that Dell is worth $24 a share, according to Barron's.
Southeastern Asset Management has been a long-term holder of Dell, and started buying the stock when it was trading at above $30. Its average cost is estimated to be above $25. If the deal went through at $13.5, Southeastern would have lost almost 50% of its original investment, excluding dividends.
Dell is now traded at $13.7, slightly above the deal price, suggesting that investors are anticipating higher prices for the deal.
To be fair, the Dell deal does "grossly undervalue the company." Though not growing, Dell has always been profitable, as shown in the EPS chart below:
DELL data by GuruFocus.com
And it is now traded at a historical low P/E ratio:
DELL data byGuruFocus.com
And P/S ratio:
DELL data byGuruFocus.com
A median P/E of the last 10 years would suggest a deal price of above $25:
DELL data byGuruFocus.com
This report is a part of Real Time Picks. To learn more about Gurus' latest picks, check out Real Time Picks.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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Southeastern Asset Management said that the deal "grossly undervalued the company," and believes that Dell is worth $24 a share, according to Barron's. Southeastern Asset Management has been a long-term holder of Dell, and started buying the stock when it was trading at above $30. The future of the Dell ( DELL ) deal is looking dimmer as its largest outside investor Southeastern Asset Management buys more shares while openly opposing the deal.
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The future of the Dell ( DELL ) deal is looking dimmer as its largest outside investor Southeastern Asset Management buys more shares while openly opposing the deal. Southeastern Asset Management has openly opposed the Dell deal, which is led by Michael Dell and plans to buyout other shareholders at $13.5 a share. Southeastern Asset Management said that the deal "grossly undervalued the company," and believes that Dell is worth $24 a share, according to Barron's.
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The future of the Dell ( DELL ) deal is looking dimmer as its largest outside investor Southeastern Asset Management buys more shares while openly opposing the deal. Southeastern Asset Management has openly opposed the Dell deal, which is led by Michael Dell and plans to buyout other shareholders at $13.5 a share. Though not growing, Dell has always been profitable, as shown in the EPS chart below: DELL data by GuruFocus.com And it is now traded at a historical low P/E ratio: DELL data byGuruFocus.com And P/S ratio: DELL data byGuruFocus.com A median P/E of the last 10 years would suggest a deal price of above $25: DELL data byGuruFocus.com This report is a part of Real Time Picks.
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The future of the Dell ( DELL ) deal is looking dimmer as its largest outside investor Southeastern Asset Management buys more shares while openly opposing the deal. Southeastern Asset Management said that the deal "grossly undervalued the company," and believes that Dell is worth $24 a share, according to Barron's. Southeastern Asset Management has openly opposed the Dell deal, which is led by Michael Dell and plans to buyout other shareholders at $13.5 a share.
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2385ad18-0460-466c-a715-f21a41dceb56
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726534.0
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2013-02-11 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-2013-02-11
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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.
Walgreen (WAG): Some 16,500 March 41 calls were bought for $0.96 to $1.04 as investors look for upside in the pharmacy giant. WAG rose 0.25 percent to $41.51.
AOL (AOL): A block of 10,000 April 36 calls were bought for $2.15 and an equal number of April 31 puts were sold for $0.35. The position cost $1.80 to open, and is similar to owning shares in the online media site. AOL rose 6.70 percent to $35.98. (See related story )
Chesapeake Energy (CHK): A block of 11,000 April 20 puts were bought for $1.20. Volume was below open interest at the strike, so an investor may have been closing a short position in the puts. CHK fell 0.30 percent to $20.17.
Dell (DELL): About 16,000 August 15 calls were bought for $0.12 to $0.14, but volume was below open interest at the strike. DELL rose 0.21 percent to $13.66.
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): About 16,000 August 15 calls were bought for $0.12 to $0.14, but volume was below open interest at the strike. DELL rose 0.21 percent to $13.66. 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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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): About 16,000 August 15 calls were bought for $0.12 to $0.14, but volume was below open interest at the strike. DELL rose 0.21 percent to $13.66.
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Dell (DELL): About 16,000 August 15 calls were bought for $0.12 to $0.14, but volume was below open interest at the strike. DELL rose 0.21 percent to $13.66. AOL (AOL): A block of 10,000 April 36 calls were bought for $2.15 and an equal number of April 31 puts were sold for $0.35.
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Dell (DELL): About 16,000 August 15 calls were bought for $0.12 to $0.14, but volume was below open interest at the strike. DELL rose 0.21 percent to $13.66. WAG rose 0.25 percent to $41.51.
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337a8464-5c92-4162-983e-6db4399756bd
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726535.0
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2013-02-07 00:00:00 UTC
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Donald Yacktman Buys Dell and IBM
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DELL
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https://www.nasdaq.com/articles/donald-yacktman-buys-dell-and-ibm-2013-02-07
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nan
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nan
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Donald Yacktman , founder of Yacktman Asset Management Co., bought two new stocks in the fourth quarter: Dell ( DELL ) and IBM ( IBM ). Yacktman bought 14,912,159 shares of Dell at the average price of $10 per share in the fourth quarter. Previously, he held a position beginning in 2008, which he closed out in 2011.
Dell's stock has leapt 33 percent year to date, as talk circulated and was later confirmed that the company would be taken private while it transforms from a PC maker to services provider. The deal was announced on Tuesday and is valued at $24 billion. It would also leave Dell with $15 billion in additional debt.
According to the announcement, the company's founder and CEO, Michel Dell, in partnership with private equity firm Silver Lake, are acquiring the company for $13.65 per share in cash. The price represented a 37 percent premium over the average closing price for the previous 90 days.
Yacktman also bought a fractional amount of a recent Warren Buffett buy, IBM. Yacktman paid $195 each for 2,800 shares of the company, whose price is near a 10-year high at $199 per share on Thursday.
IBM has been growing revenue at a 5.5 percent rate over the past five years, EBITDA at 11.3 percent, free cash flow at 13.4 percent and book value at 2.6 percent.
In 2011, it produced almost $107 billion in revenue, and $15.9 billion in earnings.
Warren Buffett in his annual letter praised IBM CEOs Lou Gerstner and Sam Palmisano for rescuing the company from the brink of bankruptcy 20 years ago and making it into a successful business today. "Their financial management was equally brilliant," to their "extraordinary" operational accomplishments, Buffett said, "particularly in recent years as the company's financial flexibility improved. Indeed, I can think of no major company that has had better financial management, a skill that has materially increased the gains enjoyed by IBM shareholders."
He was also impressed that the company consistently met its five-year business goals, and believe it will do the same for its 2015 road map.
Currently IBM has a P/E ratio of 9.1, P/B ratio of 2.3 and P/S ratio of 0.4.
Donald Yacktman has 63 stocks in the Yacktman Asset Management Co. portfolio, which is valued at $16.68. See more of his fourth quarter updates in the portfolio 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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Dell's stock has leapt 33 percent year to date, as talk circulated and was later confirmed that the company would be taken private while it transforms from a PC maker to services provider. Donald Yacktman , founder of Yacktman Asset Management Co., bought two new stocks in the fourth quarter: Dell ( DELL ) and IBM ( IBM ). Yacktman bought 14,912,159 shares of Dell at the average price of $10 per share in the fourth quarter.
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Donald Yacktman , founder of Yacktman Asset Management Co., bought two new stocks in the fourth quarter: Dell ( DELL ) and IBM ( IBM ). Yacktman bought 14,912,159 shares of Dell at the average price of $10 per share in the fourth quarter. Dell's stock has leapt 33 percent year to date, as talk circulated and was later confirmed that the company would be taken private while it transforms from a PC maker to services provider.
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Donald Yacktman , founder of Yacktman Asset Management Co., bought two new stocks in the fourth quarter: Dell ( DELL ) and IBM ( IBM ). Yacktman bought 14,912,159 shares of Dell at the average price of $10 per share in the fourth quarter. Dell's stock has leapt 33 percent year to date, as talk circulated and was later confirmed that the company would be taken private while it transforms from a PC maker to services provider.
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Donald Yacktman , founder of Yacktman Asset Management Co., bought two new stocks in the fourth quarter: Dell ( DELL ) and IBM ( IBM ). Yacktman bought 14,912,159 shares of Dell at the average price of $10 per share in the fourth quarter. Dell's stock has leapt 33 percent year to date, as talk circulated and was later confirmed that the company would be taken private while it transforms from a PC maker to services provider.
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437d1362-5f8b-4a93-a04e-a27b6e1bf78f
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726536.0
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2013-02-07 00:00:00 UTC
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Apple's Tablet Market Share Drops to 49%
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DELL
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https://www.nasdaq.com/articles/apples-tablet-market-share-drops-49-2013-02-07
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nan
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nan
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There's good news and bad news for Apple (NASDAQ: AAPL ) this week. First it was revealed that, if you combine shipments of both tablets and computers, iPads account for one out of every six PCs shipped during the fourth quarter. Better still, if Apple were to combine sales of the iPad (which came in at 22.9 million units ) and sales of the Mac (which sold 4.1 million units), the company has technically shipped and sold more PCs than its nearest competitors -- Hewlett-Packard (NYSE: HPQ ), Lenovo and Dell (NASDAQ: DELL ).
Now for the bad news: despite Apple's tremendous overall growth, the company could not keep its competitors from encroaching on the prized tablet market. While Apple had previously held more than 50 percent of the market on a quarterly basis, researchers at Canalysis have found that Apple fell to 49 percent during the fourth quarter.
This is the first time that Apple commanded less than half of the tablet space.
"Apple timed the launch of the iPad Mini well," Pin-Chen Tang, Canalys Research Analyst, said in a company release . "Its success proves there is a clear demand for [tablets] with smaller screens at a more affordable price. Without the launch, Apple would surely have lost more ground to its competitors."
While the decline is not necessarily a sign of weakness (iPads are still a very hot commodity), it is a strong indicator that Apple may be unable to maintain its market share as the industry grows.
According to Canalys' research, Samsung shipped 7.6 million tablets in the fourth quarter, "An increase of 226%, driven by its ability to push products down into lower price bands."
"The sub-$200 price bands now feature products from established players that do not rely on low-quality components," added Tom Evans, Canalys Research Analyst, who was also quoted in a company release. "Those who control ecosystems, such as Amazon and Google, can obtain revenue from content sales, but pure hardware OEMs must accept decreasing margins or exit."
Google (NASDAQ: GOOG ) shipped 2.7 million tablets in the fourth quarter, indicating that the Nexus 7 and Nexus 10 were unable to eclipse the previous estimate , which suggested that Google would ship at least one million units per month. With only 2.7 million tablets, Google shipped an average of no more than 900,000 units per month during the fall quarter.
Last but not least, Canalys said that shipments of Amazon's (NASDAQ: AMZN ) Kindle Fire grew 18 percent. The company shipped 4.6 million units worldwide last quarter. Canalys believes that Amazon's global expansion "masked a decline in its home market, as it struggled to upsell customers to its larger-screen products."
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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Better still, if Apple were to combine sales of the iPad (which came in at 22.9 million units ) and sales of the Mac (which sold 4.1 million units), the company has technically shipped and sold more PCs than its nearest competitors -- Hewlett-Packard (NYSE: HPQ ), Lenovo and Dell (NASDAQ: DELL ). While the decline is not necessarily a sign of weakness (iPads are still a very hot commodity), it is a strong indicator that Apple may be unable to maintain its market share as the industry grows. According to Canalys' research, Samsung shipped 7.6 million tablets in the fourth quarter, "An increase of 226%, driven by its ability to push products down into lower price bands."
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Better still, if Apple were to combine sales of the iPad (which came in at 22.9 million units ) and sales of the Mac (which sold 4.1 million units), the company has technically shipped and sold more PCs than its nearest competitors -- Hewlett-Packard (NYSE: HPQ ), Lenovo and Dell (NASDAQ: DELL ). According to Canalys' research, Samsung shipped 7.6 million tablets in the fourth quarter, "An increase of 226%, driven by its ability to push products down into lower price bands." Google (NASDAQ: GOOG ) shipped 2.7 million tablets in the fourth quarter, indicating that the Nexus 7 and Nexus 10 were unable to eclipse the previous estimate , which suggested that Google would ship at least one million units per month.
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Better still, if Apple were to combine sales of the iPad (which came in at 22.9 million units ) and sales of the Mac (which sold 4.1 million units), the company has technically shipped and sold more PCs than its nearest competitors -- Hewlett-Packard (NYSE: HPQ ), Lenovo and Dell (NASDAQ: DELL ). While Apple had previously held more than 50 percent of the market on a quarterly basis, researchers at Canalysis have found that Apple fell to 49 percent during the fourth quarter. Google (NASDAQ: GOOG ) shipped 2.7 million tablets in the fourth quarter, indicating that the Nexus 7 and Nexus 10 were unable to eclipse the previous estimate , which suggested that Google would ship at least one million units per month.
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Better still, if Apple were to combine sales of the iPad (which came in at 22.9 million units ) and sales of the Mac (which sold 4.1 million units), the company has technically shipped and sold more PCs than its nearest competitors -- Hewlett-Packard (NYSE: HPQ ), Lenovo and Dell (NASDAQ: DELL ). First it was revealed that, if you combine shipments of both tablets and computers, iPads account for one out of every six PCs shipped during the fourth quarter. "Apple timed the launch of the iPad Mini well," Pin-Chen Tang, Canalys Research Analyst, said in a company release .
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ff92b4f8-6bd1-4938-9614-e75d09abf8b2
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726537.0
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2013-02-06 00:00:00 UTC
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Dell Goes Private in $24.4B LBO - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-goes-private-in-%2424.4b-lbo-analyst-blog-2013-02-06
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nan
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nan
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After a month-long speculation, Dell Inc. ( DELL ) finally announced its decision to go private in a leveraged buyout agreement (LBO). Founder Michael Dell will acquire the company at a purchase consideration of 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 expected to be completed by the second quarter of fiscal 2014.
The LBO agreement has been signed by the founder Michael Dell, Microsoft Corp. ( MSFT ) and Silver Lake Partners (a private equity firm). The LBO will be financed by Michael Dell's 15.7% stake and $700.0 million cash, $2.0 billion from Microsoft and $1.0 billion from Silver Lake, roll-over of existing debt and new debt financing.
The unconditional debt financing will be done jointly by BofA Merrill Lynch, Barclays, Credit Suisse and RBC Capital Markets. The purchase price reflects a 25.0% premium on the closing price on Jan 11.
Law firms such as Rigrodsky & Long, P.A., the Rosen Law firm, and Bernstein Liebhard LLP are looking into any instance of breach of fiduciary duty by Dell's board of directors. Moreover, shareholders' approval is pending. Any untoward situation could lead to a delay in completing the deal.
The idea behind the privatization is to stay away from public scrutiny and expectations and better focus on business growth and profitability. But Dell's dependence on the PC market remains the main problem. Also, Dell lacks a firm footing in the servers, storage and cloud computing space, which is a sheer negative in comparison to IBM Corp. ( IBM ), EMC Corp. ( EMC ) and to some extent, Hewlett-Packard Co. ( HPQ ). Another competitor, Apple Inc. ( AAPL ) is dominating the tablet space.
Considering the situation, it is hard to predict Dell's success story, unless the company opts for diversification.
Dell's go-private strategy could also create other problems for the company. Without the support of public money through common shares, Dell will be required to pay high interest charges for its debt. If it is unable to generate desired results, the company could go out of business. This could prove to be an out-an-out positive for H-P.
On the positive side, founder Michael Dell (with his majority share) will be better positioned to decide operational and strategic changes that could help the company to come out of the difficult situation.
Improvement in the PC market is less likely in the near term due to the slower-than-expected adoption of Microsoft's Win 8. But industry observers expect a marginal growth of 2.0% in PC shipments in 2013, which is a silver lining.
Currently, Dell has a Zacks Rank #4 (Sell).
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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 LBO agreement has been signed by the founder Michael Dell, Microsoft Corp. ( MSFT ) and Silver Lake Partners (a private equity firm). Without the support of public money through common shares, Dell will be required to pay high interest charges for its debt. After a month-long speculation, Dell Inc. ( DELL ) finally announced its decision to go private in a leveraged buyout agreement (LBO).
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The LBO agreement has been signed by the founder Michael Dell, Microsoft Corp. ( MSFT ) and Silver Lake Partners (a private equity firm). The LBO will be financed by Michael Dell's 15.7% stake and $700.0 million cash, $2.0 billion from Microsoft and $1.0 billion from Silver Lake, roll-over of existing debt and new debt financing. APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report EMC CORP -MASS (EMC): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Founder Michael Dell will acquire the company at a purchase consideration of roughly $24.4 billion, much higher than the market expectation of $23.0 billion. The LBO will be financed by Michael Dell's 15.7% stake and $700.0 million cash, $2.0 billion from Microsoft and $1.0 billion from Silver Lake, roll-over of existing debt and new debt financing. APPLE INC (AAPL): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report EMC CORP -MASS (EMC): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell's shareholders will be rewarded with $13.65 per share in cash. The LBO will be financed by Michael Dell's 15.7% stake and $700.0 million cash, $2.0 billion from Microsoft and $1.0 billion from Silver Lake, roll-over of existing debt and new debt financing. After a month-long speculation, Dell Inc. ( DELL ) finally announced its decision to go private in a leveraged buyout agreement (LBO).
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f16a01c8-23a7-480b-b720-f6a0ca6735a0
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726538.0
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2013-02-06 00:00:00 UTC
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Stock Market News for February 6, 2013 - Market News
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DELL
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https://www.nasdaq.com/articles/stock-market-news-for-february-6-2013-market-news-2013-02-06
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nan
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nan
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Benchmarks are back in green territory following a series of positive earnings reports coupled with indications that the European economy is improving. Monday's trading session witnessed one of the biggest sell-offs since November 2012 amidst concerns about a revival of the Euro zone crisis. Meanwhile, the ISM Services Index declined marginally in January. All ten S&P 500 industry groups finished in the green, the biggest gainer being the Consumer Staples sector.
The Dow Jones Industrial Average (DJI) increased 0.7% to close the day at 13,979.30. The S&P 500 rose 1.0% to finish yesterday's trading session at 1,511.29. The tech-laden Nasdaq Composite Index gained 1.3% to end at 3,171.58. The fear-gauge CBOE Volatility Index (VIX) decreased 6.5% to settle at 13.72. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.7 billion shares, higher than the daily average of 6.45 billion shares in 2012. Advancing stocks outnumbered the decliners on the NYSE. For 70% stocks that advanced, 28% declined.
Better-than-expected earnings from major companies were largely responsible for benchmarks finishing in the green yesterday. Shares of cereal maker giant Kellogg Company (NYSE: K ) inched up 0.7% after it reported a quarterly loss lower than the Street's estimates. Tech-giant Computer Sciences Corporation (NYSE: CSC ) reported robust earnings which beat expectations. Shares of the company surged 9.2% following these strong earnings. A cost reduction exercise implemented by the company helped earnings beat estimates following which it revised its outlook for fiscal 2013.
Another promising earnings report came from Estee Lauder Companies Inc (NYSE: EL ). Profits of the company increased 13% on account of better sales of beauty products in domestic and emerging markets. Shares of the company increased 6% after it beat the Street's estimates.
In other news, Dell Inc. (NASDAQ: DELL ) has decided to go private and has entered into a deal with a consortium for $24.4 billion. Silver Lake Partners is one of the investors in the buyout and has invested $1 billion. Shares of the company increased 1.1% following these developments.
Markets suffered on Monday following investor concerns about a revival of the European debt crisis after the yield on Spanish and Italian bonds increased. However, new European data suggests an improvement after an index of manufacturing and service businesses touched its highest level in ten months during January. This data acted as a catalyst to investor sentiment.
On the domestic front, according to the Congressional Budget Office, the deficit is set to go below $1 trillion to $845 million for fiscal September 2013. This will be the first time in past five years that the deficit will be below the $1 trillion mark. On the other hand President Barack Obama insisted Congress should approve a small package for spending cuts and tax reforms.
Meanwhile, the Institute of Supply Management said the index for the non-manufacturing sector declined in January to 55.2 from revised December figure of 55.7. This was slightly below the consensus estimate of 55.8. Business activity index decreased to 56.4 from 60.8 whereas new order declined to 54.4 from 58.3. But employment index increased to 57.5 from 55.3.
The Consumer Staples sector emerged as a winner among the top ten industry groups of S&P 500. Stocks such as Walgreen Company (NYSE: WAG ), The Coca-Cola Company (NYSE: KO ), Wal-Mart Stores, Inc. (NYSE: WMT ), PepsiCo, Inc. (NYSE: PEP ) and The Procter & Gamble Company (NYSE: PG ) increased 3.3%, 2.1%, 1.6%, 1% and 0.6%, respectively.
COMP SCIENCE (CSC): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
ESTEE LAUDER (EL): Free Stock Analysis Report
KELLOGG CO (K): Free Stock Analysis Report
COCA COLA CO (KO): Free Stock Analysis Report
PEPSICO INC (PEP): Free Stock Analysis Report
PROCTER & GAMBL (PG): Free Stock Analysis Report
WALGREEN CO (WAG): Free Stock Analysis Report
WAL-MART STORES (WMT): 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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In other news, Dell Inc. (NASDAQ: DELL ) has decided to go private and has entered into a deal with a consortium for $24.4 billion. COMP SCIENCE (CSC): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report ESTEE LAUDER (EL): Free Stock Analysis Report KELLOGG CO (K): Free Stock Analysis Report COCA COLA CO (KO): Free Stock Analysis Report PEPSICO INC (PEP): Free Stock Analysis Report PROCTER & GAMBL (PG): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of cereal maker giant Kellogg Company (NYSE: K ) inched up 0.7% after it reported a quarterly loss lower than the Street's estimates.
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COMP SCIENCE (CSC): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report ESTEE LAUDER (EL): Free Stock Analysis Report KELLOGG CO (K): Free Stock Analysis Report COCA COLA CO (KO): Free Stock Analysis Report PEPSICO INC (PEP): Free Stock Analysis Report PROCTER & GAMBL (PG): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. In other news, Dell Inc. (NASDAQ: DELL ) has decided to go private and has entered into a deal with a consortium for $24.4 billion. Another promising earnings report came from Estee Lauder Companies Inc (NYSE: EL ).
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COMP SCIENCE (CSC): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report ESTEE LAUDER (EL): Free Stock Analysis Report KELLOGG CO (K): Free Stock Analysis Report COCA COLA CO (KO): Free Stock Analysis Report PEPSICO INC (PEP): Free Stock Analysis Report PROCTER & GAMBL (PG): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. In other news, Dell Inc. (NASDAQ: DELL ) has decided to go private and has entered into a deal with a consortium for $24.4 billion. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.7 billion shares, higher than the daily average of 6.45 billion shares in 2012.
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In other news, Dell Inc. (NASDAQ: DELL ) has decided to go private and has entered into a deal with a consortium for $24.4 billion. COMP SCIENCE (CSC): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report ESTEE LAUDER (EL): Free Stock Analysis Report KELLOGG CO (K): Free Stock Analysis Report COCA COLA CO (KO): Free Stock Analysis Report PEPSICO INC (PEP): Free Stock Analysis Report PROCTER & GAMBL (PG): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Meanwhile, the ISM Services Index declined marginally in January.
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94a0929e-f8db-4e46-8d79-f1c5bcfd7716
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726539.0
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2013-02-05 00:00:00 UTC
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Dell Closer to Buyout - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-closer-to-buyout-analyst-blog-2013-02-05
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nan
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nan
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Amid all the negative outcomes of macro uncertainty and the PC market slowdown, the recent talk of the town seems to be the leveraged buyout (LBO) of the world's third largest PC maker Dell Inc. ( DELL ). As per Bloomberg, Dell is soon going to transform from a publicly traded company to a private equity firm.
The LBO agreement, slated to be announced today, is likely to be signed by the founder Michael Dell, Microsoft Corp. ( MSFT ) and Silver Lake Partners (a private equity firm). An estimated purchase price of $23.0 billion is expected to be funded mostly by a debt raising, Michael Dell's 15.7% stake and $700.0 million cash, $2.0 billion from Microsoft and $1.0 billion from Silver Lake. The purchase price reflects a per share price of $13.50 to $13.75. Currently, Dell is trading at $13.27.
The idea behind the privatization is to stay away from public scrutiny and expectations and better focus on business growth and profitability. But the main problem remains Dell's dependence on the PC market. Also, Dell lacks a firm footing in the servers, storage and cloud computing space, which is a sheer negative in comparison to International Business Machines Corp. (IBM), EMC Corp. (EMC), and to some extent, Hewlett-Packard Co. ( HPQ ). Another competitor, Apple Inc. ( AAPL ) is dominating the tablet space.
Considering the situation, it is hard to predict Dell's success story, unless the company opts for diversification.
Dell's go-private strategy could also create other problems for the company. Without the support of public money through common shares, Dell will be required to pay high interest charges. If it is unable to generate desired results, the company could go out of business. On the positive side, founder Michael Dell (with his majority share) will be better positioned to decide operational and strategic changes that could help the company out of the difficult situation.
Improvement in the PC market is less likely in the near term due to the slower-than-expected adoption of Microsoft's Win 8. But industry observers expect a marginal growth of 2.0% in PC shipments in 2013, which is a silver lining.
Currently, Dell has a Zacks Rank #4 (Sell).
APPLE INC (AAPL): 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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The LBO agreement, slated to be announced today, is likely to be signed by the founder Michael Dell, Microsoft Corp. ( MSFT ) and Silver Lake Partners (a private equity firm). Without the support of public money through common shares, Dell will be required to pay high interest charges. Amid all the negative outcomes of macro uncertainty and the PC market slowdown, the recent talk of the town seems to be the leveraged buyout (LBO) of the world's third largest PC maker Dell Inc. ( DELL ).
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As per Bloomberg, Dell is soon going to transform from a publicly traded company to a private equity firm. The LBO agreement, slated to be announced today, is likely to be signed by the founder Michael Dell, Microsoft Corp. ( MSFT ) and Silver Lake Partners (a private equity firm). APPLE INC (AAPL): 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.
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Amid all the negative outcomes of macro uncertainty and the PC market slowdown, the recent talk of the town seems to be the leveraged buyout (LBO) of the world's third largest PC maker Dell Inc. ( DELL ). An estimated purchase price of $23.0 billion is expected to be funded mostly by a debt raising, Michael Dell's 15.7% stake and $700.0 million cash, $2.0 billion from Microsoft and $1.0 billion from Silver Lake. APPLE INC (AAPL): 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.
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As per Bloomberg, Dell is soon going to transform from a publicly traded company to a private equity firm. But the main problem remains Dell's dependence on the PC market. Amid all the negative outcomes of macro uncertainty and the PC market slowdown, the recent talk of the town seems to be the leveraged buyout (LBO) of the world's third largest PC maker Dell Inc. ( DELL ).
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b41a93f8-30b2-480b-983d-d3712aa854e6
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726540.0
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2013-02-05 00:00:00 UTC
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Stock Market News for February 5, 2013 - Market News
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DELL
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https://www.nasdaq.com/articles/stock-market-news-for-february-5-2013-market-news-2013-02-05
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nan
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nan
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Benchmarks retreated from recent highs following weaker-than-expected factory orders and investor concerns about the Euro-zone debt crisis. The S&P 500, which has rallying in 2013 slipped into the red following the bearish sentiment in the market. All ten of the S&P 500 industry groups ended in the red, among which the biggest loser was the technology sector.
The Dow Jones Industrial Average (DJI) decreased 0.9% to close the day at 13,880.08. The S&P 500 declined 1.2% to finish yesterday's trading session at 1,495.71. The tech-laden Nasdaq Composite Index decreased 1.2% to end at 3,131.17. The fear-gauge CBOE Volatility Index (VIX) surged 13.7% to settle at 14.67. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.3 billion shares, lower than the daily average of 6.45 billion shares in 2012. Declining stocks outnumbered the advancers on the NYSE. For 75% stocks that declined, 22% advanced.
Last week the blue-chip index touched its highest level in more than five years and closed above the 14,000 mark. The index was pushed higher by a series of encouraging economic numbers. Encouraging news was received from non-farm payroll, construction spending and the US manufacturing sector. The blue-chip index closed above the 14,000 mark for the tenth time in its history. However, this rally ended yesterday following discouraging international news and factory orders numbers.
Meanwhile, factory orders numbers, which was released on Monday, was below the Street's estimates. According to the U.S. Department of Commerce, new orders for manufacturing goods increased 1.8% to $484.8 billion. This was below the consensus estimate of 1.9%. Excluding transportation, growth in new orders was 0.2%. Unfilled shipment orders rose marginally, by 0.8% to $991.7 billion from November numbers. Meanwhile, shipments increased 0.4% to $484.9 billion from 0.3% in November.
Fresh investor concerns arose about a revival of the European debt crisis after the yield on Spanish and Italian bonds increased. Yields on the Spanish and Italian bonds logged their biggest gains since September. Further disappointing news came from Spain where the country's Prime Minister Mario Dragi has been asked to resign, following his alleged involvement in illicit transactions.
Questions have been raised on the mortgage bond ratings provided by Standard & Poor following which the shares of its parent company The McGraw-Hill Companies, Inc.(NYSE: MHP ) slumped by 13.8%. This is the biggest single-day decline for the company since the market crash of 1987. The U.S. Department of Justice is expected to file a civil lawsuit against the credit rating agency.
Merck & Co., Inc. (NYSE: MRK ) shares declined 2.3% following its fourth-quarter earnings. The company said its earnings fell and also said that 2013 may not be a good year. On the other hand, Humana Inc. (NYSE: HUM ) jumped 4.7% after the company's earnings came above the Street's estimates. According to fresh data from Thomson Reuters data, S&P 500 earnings may increase by 4.4% in fourth-quarter. This is above its initial estimates of 1.9% but well below the October forecast of 9.9%.
All ten of the S&P 500 industry groups had a bad trading day yesterday. The technology sector was the biggest loser among the S&P 500 industry groups and the Technology SPDR (XLK) lost 1.3%. Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Microsoft Corporation (NASDAQ: MSFT ) and Avid Technology, Inc. (NASDAQ: AVID ) decreased 2.5%, 1.7%, 2.6%, 1.8% and 3.8%, respectively.
APPLE INC (AAPL): Free Stock Analysis Report
AVID TECH INC (AVID): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
HUMANA INC NEW (HUM): Free Stock Analysis Report
MCGRAW-HILL COS (MHP): Free Stock Analysis Report
MERCK & CO INC (MRK): 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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Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Microsoft Corporation (NASDAQ: MSFT ) and Avid Technology, Inc. (NASDAQ: AVID ) decreased 2.5%, 1.7%, 2.6%, 1.8% and 3.8%, respectively. APPLE INC (AAPL): Free Stock Analysis Report AVID TECH INC (AVID): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report HUMANA INC NEW (HUM): Free Stock Analysis Report MCGRAW-HILL COS (MHP): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Benchmarks retreated from recent highs following weaker-than-expected factory orders and investor concerns about the Euro-zone debt crisis.
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Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Microsoft Corporation (NASDAQ: MSFT ) and Avid Technology, Inc. (NASDAQ: AVID ) decreased 2.5%, 1.7%, 2.6%, 1.8% and 3.8%, respectively. APPLE INC (AAPL): Free Stock Analysis Report AVID TECH INC (AVID): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report HUMANA INC NEW (HUM): Free Stock Analysis Report MCGRAW-HILL COS (MHP): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Merck & Co., Inc. (NYSE: MRK ) shares declined 2.3% following its fourth-quarter earnings.
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Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Microsoft Corporation (NASDAQ: MSFT ) and Avid Technology, Inc. (NASDAQ: AVID ) decreased 2.5%, 1.7%, 2.6%, 1.8% and 3.8%, respectively. APPLE INC (AAPL): Free Stock Analysis Report AVID TECH INC (AVID): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report HUMANA INC NEW (HUM): Free Stock Analysis Report MCGRAW-HILL COS (MHP): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.3 billion shares, lower than the daily average of 6.45 billion shares in 2012.
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Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Microsoft Corporation (NASDAQ: MSFT ) and Avid Technology, Inc. (NASDAQ: AVID ) decreased 2.5%, 1.7%, 2.6%, 1.8% and 3.8%, respectively. APPLE INC (AAPL): Free Stock Analysis Report AVID TECH INC (AVID): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report HUMANA INC NEW (HUM): Free Stock Analysis Report MCGRAW-HILL COS (MHP): Free Stock Analysis Report MERCK & CO INC (MRK): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. However, this rally ended yesterday following discouraging international news and factory orders numbers.
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4951980f-ef0c-4852-86b3-3931d1a8b44f
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726541.0
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2013-02-05 00:00:00 UTC
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After Hours Most Active for Feb 5, 2013 : ZNGA, QQQ, BAC, HPQ, DELL, SIRI, AMX, DIS, TWX, NYX, NWSA, MSFT
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-feb-5-2013-znga-qqq-bac-hpq-dell-siri-amx-dis-twx-nyx-nwsa-msft
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nan
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nan
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The NASDAQ 100 After Hours Indicator is up .63 to 2,755.62. The total After hours volume is currently 29,916,501 shares traded.
The following are the most active stocks for the after hours session :
Zynga Inc. ( ZNGA ) is +0.13 at $2.87, with 5,901,479 shares traded. RTT News Reports: Zynga Q4 Results Top Estimates
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.01 at $67.49, with 3,868,994 shares traded. This represents a 12.41% increase from its 52 Week Low.
Bank of America Corporation ( BAC ) is +0.03 at $11.90, with 2,491,087 shares traded. Over the last four weeks they have had 13 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.23. BAC's current last sale is 91.54% of the target price of $13.
Hewlett-Packard Company ( HPQ ) is +0.81 at $17.40, with 2,283,396 shares traded. HPQ's current last sale is 128.89% of the target price of $13.5.
Dell Inc. ( DELL ) is -0.02 at $13.40, with 1,665,254 shares traded. DELL's current last sale is 107.2% of the target price of $12.5.
Sirius XM Radio Inc. ( SIRI ) is -0.01 at $3.19, with 1,257,197 shares traded. RTT News Reports: SiriusXM Q4 Profit Rises - Quick Facts
America Movil, S.A.B. de C.V. ( AMX ) is +0.01 at $25.00, with 942,300 shares traded.AMX is scheduled to provide an earnings report on 2/7/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.5 per share, which represents a 31 percent increase over the EPS one Year Ago
Walt Disney Company (The) ( DIS ) is +0.89 at $55.17, with 916,290 shares traded. RTT News Reports: Walt Disney Q1 Results Top Estimates - Quick Facts
Time Warner Inc. ( TWX ) is -0.0102 at $49.99, with 841,496 shares traded.TWX is scheduled to provide an earnings report on 2/6/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 1.1 per share, which represents a 94 percent increase over the EPS one Year Ago
NYSE Euronext, Inc. ( NYX ) is -0.02 at $35.22, with 781,787 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $0.39. RTT News Reports: NYSE Euronext Q4 Profit Declines, Adj. Earnings Top View
News Corporation ( NWSA ) is unchanged at $28.35, with 650,193 shares traded.NWSA is scheduled to provide an earnings report on 2/6/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.42 per share, which represents a 39 percent increase over the EPS one Year Ago
Microsoft Corporation ( MSFT ) is -0.01 at $27.49, with 608,273 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.78. As reported by Zacks, the current mean recommendation for MSFT 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 1,665,254 shares traded. DELL's current last sale is 107.2% of the target price of $12.5. RTT News Reports: SiriusXM Q4 Profit Rises - Quick Facts America Movil, S.A.B.
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Dell Inc. ( DELL ) is -0.02 at $13.40, with 1,665,254 shares traded. DELL's current last sale is 107.2% of the target price of $12.5. The consensus earnings per share forecast is 0.5 per share, which represents a 31 percent increase over the EPS one Year Ago Walt Disney Company (The) ( DIS ) is +0.89 at $55.17, with 916,290 shares traded.
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Dell Inc. ( DELL ) is -0.02 at $13.40, with 1,665,254 shares traded. DELL's current last sale is 107.2% of the target price of $12.5. The consensus earnings per share forecast is 0.5 per share, which represents a 31 percent increase over the EPS one Year Ago Walt Disney Company (The) ( DIS ) is +0.89 at $55.17, with 916,290 shares traded.
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Dell Inc. ( DELL ) is -0.02 at $13.40, with 1,665,254 shares traded. DELL's current last sale is 107.2% of the target price of $12.5. RTT News Reports: Walt Disney Q1 Results Top Estimates - Quick Facts Time Warner Inc. ( TWX ) is -0.0102 at $49.99, with 841,496 shares traded.TWX is scheduled to provide an earnings report on 2/6/2013, for the fiscal quarter ending Dec2012.
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24dfdb35-7964-45bd-b7d4-eb0075095be0
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726542.0
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2013-02-01 00:00:00 UTC
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Dude: Michael Dell is Getting Dell?
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DELL
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https://www.nasdaq.com/articles/dude-michael-dell-getting-dell-2013-02-01
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nan
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nan
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In 1984, 19-year-old Michael Dell founded PC's Limited in his dorm room with a startup budget of a mere $1,000.
The company quickly exploded and, shortly after taking its current name, went public in 1988. It has been owned by stockholders around the world ever since, but those days appear to be near an end.
According to Reuters , Dell (NASDAQ: DELL ) is near an agreement to be sold to a consortium of buyers. The leader of the group is none other than Michael Dell, who would claim majority ownership under the deal.
Meanwhile, Microsoft (NASDAQ: MSFT ) and Silver Lake Partners would become minority investors, according to Reuters
The finishing touches are set to be added over the weekend and the transaction could be announced as early as Monday, as notes Reuters. It would be the largest leveraged buyout since the global financial crisis.
Price Uncertain
According to Reuters, the final price of the deal is not yet clear. However, the buyout group has secured up to $15 billion in debt financing from Bank of America Merrill Lynch, Barclays, Credit Suisse and RBC Capital as notes Reuters.
Dell is currently worth approximately $24 billion.
More Privacy = More Profitability?
A January article by Bloomberg indicated the move could help Dell "Accelerate efforts to revive growth and cope with competition without quarter-by-quarter scrutiny from public shareholders."
Reuters echoes this belief, stating "Going private would allow Dell, which has been trying to become a one-stop shop for corporate technology needs as the PC market shrinks, to conduct that difficult makeover away from public scrutiny."
In other words, Dell wouldn't have to explain its every move to the investing public if it goes private. The company would have more control over its own operations if this occurs.
Best for Shareholders and Michael Dell?
Reuters notes that Dell has formed a special committee of independent directors and hired Evercore Partners to assess whether or not the deal is in the best interest of shareholders, not just Michael Dell.
Opening the Gates
While their specific stake is unclear, Microsoft's inclusion would give Bill Gates a significant interest in Dell. Gates is the founder, chairman and top stockholder of the software giant. He currently owns around 5 percent of Microsoft.
Thus, while Gates wouldn't be pulling the strings at the Round Rock, Texas computer firm, he'd effectively own part of the company.
Market Reaction
After hovering in the low $13 range since late-January, Dell has risen closer to $14 as of this writing. The stock is up around four percent on Friday.
(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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A January article by Bloomberg indicated the move could help Dell "Accelerate efforts to revive growth and cope with competition without quarter-by-quarter scrutiny from public shareholders." Reuters echoes this belief, stating "Going private would allow Dell, which has been trying to become a one-stop shop for corporate technology needs as the PC market shrinks, to conduct that difficult makeover away from public scrutiny." In 1984, 19-year-old Michael Dell founded PC's Limited in his dorm room with a startup budget of a mere $1,000.
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According to Reuters , Dell (NASDAQ: DELL ) is near an agreement to be sold to a consortium of buyers. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In 1984, 19-year-old Michael Dell founded PC's Limited in his dorm room with a startup budget of a mere $1,000.
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According to Reuters , Dell (NASDAQ: DELL ) is near an agreement to be sold to a consortium of buyers. Reuters echoes this belief, stating "Going private would allow Dell, which has been trying to become a one-stop shop for corporate technology needs as the PC market shrinks, to conduct that difficult makeover away from public scrutiny." Reuters notes that Dell has formed a special committee of independent directors and hired Evercore Partners to assess whether or not the deal is in the best interest of shareholders, not just Michael Dell.
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In other words, Dell wouldn't have to explain its every move to the investing public if it goes private. Best for Shareholders and Michael Dell? In 1984, 19-year-old Michael Dell founded PC's Limited in his dorm room with a startup budget of a mere $1,000.
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46ec2bd6-de95-40dd-8de1-b162b755ccba
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726543.0
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2013-02-01 00:00:00 UTC
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Pre-Market Most Active for Feb 1, 2013 : NOK, DELL, BAC, QQQ, MRK, FB, RIMM, SAN, WU, VALE, ARMH, VVUS
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-feb-1-2013-nok-dell-bac-qqq-mrk-fb-rimm-san-wu-vale-armh-vvus-2013
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 11.12 to 2,742.65. The total Pre-Market volume is currently 18,324,778 shares traded.
The following are the most active stocks for the pre-market session :
Nokia Corporation ( NOK ) is +0.11 at $4.03, with 2,712,108 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $-0.06. NOK's current last sale is 134.33% of the target price of $3.
Dell Inc. ( DELL ) is +0.77 at $14.01, with 1,284,645 shares traded. DELL's current last sale is 112.08% of the target price of $12.5.
Bank of America Corporation ( BAC ) is +0.07 at $11.39, with 1,205,805 shares traded. Over the last four weeks they have had 12 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.23. BAC's current last sale is 87.62% of the target price of $13.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.35 at $67.22, with 989,753 shares traded. This represents a 11.96% increase from its 52 Week Low.
Merck & Company, Inc. ( MRK ) is -1.12 at $42.13, with 574,087 shares traded. RTT News Reports: Merck Tops View Despite Drop In Singulair Sales; Cautions On 2013
Facebook, Inc. ( FB ) is +0.109 at $31.09, with 509,826 shares traded. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Research in Motion Limited ( RIMM ) is +0.31 at $13.29, with 463,199 shares traded. RIMM's current last sale is 132.9% of the target price of $10.
Banco Santander, S.A. ( SAN ) is +0.01 at $8.19, with 335,692 shares traded.SAN is scheduled to provide an earnings report on 2/5/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 999 per share, which represents a 18 percent increase over the EPS one Year Ago
Western Union Company (The) ( WU ) is unchanged at $14.23, with 274,120 shares traded. WU's current last sale is 94.87% of the target price of $15.
VALE S.A. ( VALE ) is +0.45 at $20.62, with 271,042 shares traded. VALE's current last sale is 95.91% of the target price of $21.5.
ARM Holdings, plc ( ARMH ) is +1.04 at $42.10, with 239,750 shares traded.ARMH is scheduled to provide an earnings report on 2/5/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.16 per share, which represents a 12 percent increase over the EPS one Year Ago
VIVUS, Inc. ( VVUS ) is +0.69 at $12.80, with 237,074 shares traded. VVUS's current last sale is 51.2% of the target price of $25.
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 +0.77 at $14.01, with 1,284,645 shares traded. DELL's current last sale is 112.08% of the target price of $12.5. RTT News Reports: Merck Tops View Despite Drop In Singulair Sales; Cautions On 2013 Facebook, Inc. ( FB ) is +0.109 at $31.09, with 509,826 shares traded.
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Dell Inc. ( DELL ) is +0.77 at $14.01, with 1,284,645 shares traded. DELL's current last sale is 112.08% of the target price of $12.5. Banco Santander, S.A. ( SAN ) is +0.01 at $8.19, with 335,692 shares traded.SAN is scheduled to provide an earnings report on 2/5/2013, for the fiscal quarter ending Dec2012.
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Dell Inc. ( DELL ) is +0.77 at $14.01, with 1,284,645 shares traded. DELL's current last sale is 112.08% of the target price of $12.5. RTT News Reports: Merck Tops View Despite Drop In Singulair Sales; Cautions On 2013 Facebook, Inc. ( FB ) is +0.109 at $31.09, with 509,826 shares traded.
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Dell Inc. ( DELL ) is +0.77 at $14.01, with 1,284,645 shares traded. DELL's current last sale is 112.08% of the target price of $12.5. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013.
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8c9843d1-10cd-45b1-ad3a-5e1689e33ae5
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726544.0
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2013-01-29 00:00:00 UTC
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Yacktman Fund Buys Dell Inc, Stryker Corporation, Coca-cola Co, Sells H&R Block Inc, ...
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DELL
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https://www.nasdaq.com/articles/yacktman-fund-buys-dell-inc-stryker-corporation-coca-cola-co-sells-hr-block-inc-2013-01-29
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nan
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nan
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Besides the 13F of Yacktman Asset Management and Yacktman Focused Fund , we also started to track the portfolio of Yacktman Fund . Yacktman Fund is the flagship fund of Don Yacktman. The fund has achieved 10.6% of annual return over the past 10 years. It heavily invests in high quality large caps. As of Dec. 31, the fund has 51% of asset in top 10 positions and 16% in cash.
Yacktman Fund buys Dell Inc, Stryker Corporation, Coca-Cola Co, Avon Products Inc, sells H&R Block Inc, Research in Motion Ltd, Liberty Ventures during the 3-months ended 12/31/2012. As of 12/31/2012, owns 45 stocks with a total value of $7.3 billion. These are the details of the buys and sells.
New Purchases: DELL ,
Added Positions: SYK , KO , AVP ,
Reduced Positions: HRB , RIMM ,
Sold Out: LVNTA ,
For the details of Yacktman Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Yacktman+Fund
This is the sector weightings of his portfolio:
These are the top 5 holdings of Yacktman Fund
News Corporation ( NWSA ) - 33,400,000 shares, 11.8% of the total portfolio.
Procter & Gamble Co ( PG ) - 10,050,000 shares, 9.4% of the total portfolio.
PepsiCo Inc ( PEP ) - 9,200,000 shares, 8.7% of the total portfolio.
Cisco Systems Inc ( CSCO ) - 22,500,000 shares, 6.1% of the total portfolio.
Sysco Corporation ( SYY ) - 12,200,000 shares, 5.3% of the total portfolio.
New Purchase: Dell Inc ( DELL )
Yacktman Fund initiated holdings in Dell Inc. His purchase prices were between $8.86 and $10.67, with an estimated average price of $9.77. The impact to his portfolio due to this purchase was 0.9%. His holdings were 6,437,000 shares as of 12/31/2012. Dell Inc is a Delaware Corporation, which was founded in 1984. Dell Inc has a market cap of $22.64 billion; its shares were traded at around $13.04 with a P/E ratio of 8.8 and P/S ratio of 0.4. The dividend yield of Dell Inc stocks is 1.2%. Dell Inc had an annual average earnings growth of 6.6% over the past 10 years. GuruFocus rated Dell Inc the business predictability rank of 3-star.
Sold Out: Liberty Ventures ( LVNTA )
Yacktman Fund sold out his holdings in Liberty Ventures. His sale prices were between $48.76 and $66.48, with an estimated average price of $57.11. The Liberty Ventures Group is primarily focused on business investments. Liberty Ventures has a market cap of $2.75 billion; its shares were traded at around $75.55 .
Added: Stryker Corporation ( SYK )
Yacktman Fund added to his holdings in Stryker Corporation by 25.64%. His purchase prices were between $52 and $56.57, with an estimated average price of $53.88. The impact to his portfolio due to this purchase was 0.76%. His holdings were 4,900,000 shares as of 12/31/2012. Stryker Corporation was incorporated in Michigan in 1946 as the successor company to a business founded in 1941. Stryker Corporation has a market cap of $24.28 billion; its shares were traded at around $63.78 with a P/E ratio of 17 and P/S ratio of 2.9. The dividend yield of Stryker Corporation stocks is 1.4%. Stryker Corporation had an annual average earnings growth of 13.5% over the past 10 years.
Added: Coca-Cola Co ( KO )
Yacktman Fund added to his holdings in Coca-Cola Co by 21.69%. His purchase prices were between $35.97 and $38.58, with an estimated average price of $37.33. The impact to his portfolio due to this purchase was 0.71%. His holdings were 7,910,000 shares as of 12/31/2012. The Coca-Cola Co was incorporated in September 1919 under the laws of the State of Delaware. Coca-cola Co has a market cap of $166.54 billion; its shares were traded at around $37.01 with a P/E ratio of 19.4 and P/S ratio of 3.6. The dividend yield of Coca-cola Co stocks is 2.7%. Coca-cola Co had an annual average earnings growth of 8.8% over the past 10 years. GuruFocus rated Coca-cola Co the business predictability rank of 3.5-star.
Added: Avon Products Inc ( AVP )
Yacktman Fund added to his holdings in Avon Products Inc by 10.53%. His purchase prices were between $13.8 and $17.39, with an estimated average price of $15.05. The impact to his portfolio due to this purchase was 0.16%. His holdings were 8,400,000 shares as of 12/31/2012. Avon Products Inc. commenced operations in 1886 and was incorporated in the State of New York on January 27, 1916. Avon Products Inc has a market cap of $7.38 billion; its shares were traded at around $16.99 with a P/E ratio of 62.1 and P/S ratio of 0.7. The dividend yield of Avon Products Inc stocks is 4.5%. Avon Products Inc had an annual average earnings growth of 2.1% over the past 10 years. GuruFocus rated Avon Products Inc the business predictability rank of 3.5-star.
Reduced: H&R Block Inc ( HRB )
Yacktman Fund reduced to his holdings in H&R Block Inc by 38.46%. His sale prices were between $16.67 and $19.19, with an estimated average price of $17.97. The impact to his portfolio due to this sale was -0.6%. Yacktman Fund still held 4,000,000 shares as of 12/31/2012. H&R Block, Inc. was organized as a corporation in 1955 under the laws of the State of Missouri. H&r Block Inc has a market cap of $6.18 billion; its shares were traded at around $22.66 with a P/E ratio of 16.9 and P/S ratio of 2.2. The dividend yield of H&r Block Inc stocks is 3.6%.
Reduced: Research in Motion Ltd ( RIMM )
Yacktman Fund reduced to his holdings in Research in Motion Ltd by 47.99%. His sale prices were between $7.52 and $14.12, with an estimated average price of $9.95. The impact to his portfolio due to this sale was -0.51%. Yacktman Fund still held 5,360,000 shares as of 12/31/2012. Research in Motion Ltd designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. Research In Motion Ltd has a market cap of $8.51 billion; its shares were traded at around $16.18 with a P/E ratio of 10.6 and P/S ratio of 0.7. Research In Motion Ltd had an annual average earnings growth of 18.5% over the past 5 years.
Here is the complete portfolio of Yacktman Fund. Also check out:
1. Yacktman Fund's Undervalued Stocks
2. Yacktman Fund's Top Growth Companies, and
3. Yacktman Fund's High Yield stocksAbout 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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Yacktman Fund buys Dell Inc, Stryker Corporation, Coca-Cola Co, Avon Products Inc, sells H&R Block Inc, Research in Motion Ltd, Liberty Ventures during the 3-months ended 12/31/2012. New Purchases: DELL , Added Positions: SYK , KO , AVP , Reduced Positions: HRB , RIMM , Sold Out: LVNTA , For the details of Yacktman Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Yacktman+Fund This is the sector weightings of his portfolio: These are the top 5 holdings of Yacktman Fund News Corporation ( NWSA ) - 33,400,000 shares, 11.8% of the total portfolio. New Purchase: Dell Inc ( DELL ) Yacktman Fund initiated holdings in Dell Inc. His purchase prices were between $8.86 and $10.67, with an estimated average price of $9.77.
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Yacktman Fund buys Dell Inc, Stryker Corporation, Coca-Cola Co, Avon Products Inc, sells H&R Block Inc, Research in Motion Ltd, Liberty Ventures during the 3-months ended 12/31/2012. New Purchases: DELL , Added Positions: SYK , KO , AVP , Reduced Positions: HRB , RIMM , Sold Out: LVNTA , For the details of Yacktman Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Yacktman+Fund This is the sector weightings of his portfolio: These are the top 5 holdings of Yacktman Fund News Corporation ( NWSA ) - 33,400,000 shares, 11.8% of the total portfolio. New Purchase: Dell Inc ( DELL ) Yacktman Fund initiated holdings in Dell Inc. His purchase prices were between $8.86 and $10.67, with an estimated average price of $9.77.
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New Purchases: DELL , Added Positions: SYK , KO , AVP , Reduced Positions: HRB , RIMM , Sold Out: LVNTA , For the details of Yacktman Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Yacktman+Fund This is the sector weightings of his portfolio: These are the top 5 holdings of Yacktman Fund News Corporation ( NWSA ) - 33,400,000 shares, 11.8% of the total portfolio. New Purchase: Dell Inc ( DELL ) Yacktman Fund initiated holdings in Dell Inc. His purchase prices were between $8.86 and $10.67, with an estimated average price of $9.77. Yacktman Fund buys Dell Inc, Stryker Corporation, Coca-Cola Co, Avon Products Inc, sells H&R Block Inc, Research in Motion Ltd, Liberty Ventures during the 3-months ended 12/31/2012.
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Yacktman Fund buys Dell Inc, Stryker Corporation, Coca-Cola Co, Avon Products Inc, sells H&R Block Inc, Research in Motion Ltd, Liberty Ventures during the 3-months ended 12/31/2012. New Purchases: DELL , Added Positions: SYK , KO , AVP , Reduced Positions: HRB , RIMM , Sold Out: LVNTA , For the details of Yacktman Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Yacktman+Fund This is the sector weightings of his portfolio: These are the top 5 holdings of Yacktman Fund News Corporation ( NWSA ) - 33,400,000 shares, 11.8% of the total portfolio. New Purchase: Dell Inc ( DELL ) Yacktman Fund initiated holdings in Dell Inc. His purchase prices were between $8.86 and $10.67, with an estimated average price of $9.77.
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0023e117-7430-4964-8b41-75adc62fe320
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726545.0
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2013-01-28 00:00:00 UTC
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Are LBO's making a comeback? - Investment Ideas
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DELL
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https://www.nasdaq.com/articles/are-lbos-making-comeback-investment-ideas-2013-01-28
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nan
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nan
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Are LBO's coming back when the broader market is about to hit new all-time highs?
Leveraged buyouts (LBO's) occur when management works with private equity or other partners to buy all of the stock of a company with the hopes that managing it privately will result in higher profitability. You usually see a LBO when the market is depressed and the stock is not "fully valued" by investors.
The old formula called for private equity companies to come in and buy a company. The experts would then come in and clean up what they could, which generally means a whole lot of people get fired. Management would then have the company raise several hundred million dollars in debt. The money would then be used to pay a one-time dividend to the owners. The company, having seen its expenses contract, is likely to show greater profitability and is then sent back to the public via another IPO.
Lately we are seeing a new trend in the LBO market. The founders are coming back and looking to bring their old companies private because they believe they can run them better. The two great examples of this are Best Buy ( BBY ) and Dell ( DELL ). Each is an interesting story in its own right, but the concept of the LBO and why the founders are risking billions of their own dollars is a lesson that needs to be learned.
Best Buy
Chairman Richard Schulze, who founded the company and owns about 20 percent of its stock is looking to work with private equity groups to take the company private. The goal here is that the company generates plenty of free cash flow, so the new owners would likely look to use that to pay the interest on any new debt or loan taken out to acquire the company.
Shares of the retailer fell 49% in 2012 as investors were concerned that consumers were using the store as a showroom for later purchases made online at sites like Amazon ( AMZN ). Buyout discussions date back to August, but little has happened outside of rumors since then. One thing is certain, the potential total value of the deal has contracted by a big amount.
The thing to learn from this deal is that just because some wants to buy something, it doesn't mean you should too. Since the August talk of a buyout started, the stock has dropped a little more than 17%, and that comes after 32% increase from January 7 to present levels.
Dell
A more recent story is that of Dell, and its founder Michael Dell moving to secure private equity and an investment from Microsoft ( MSFT ) to take the company that bear his name private. Dell holds approximately 16% of the company and has billions more invested in MSD Ventures, his investment vehicle.
News the LBO deal for Dell hit on January 14, and was discussed as a deal that is hard to get done... at least until the news of a Microsoft participation of for as much as $3 billion hit the wires.
Dell has been under fire from Apple ( AAPL ) a company that has innovated around products where the Dell model called for the removal of unnecessary costs in the supply chain. After the majority of costs were removed, there wasn't much else for Dell to do. Apple, on the other hand, developed iPods, iPhones and iPads and owned the "coolness" factor.
The take away from the Dell deal is all about the cloud. Maybe you have heard about this thing call the internet and how companies are moving to have all their software or programs accessible from the cloud. This means they will need a significant backbone in the form of servers to handle the traffic and storage space required for such a move. Dell's most recent quarter saw consumer sales struggle and server sales skyrocket.
Who else could be on the list?
I took a look around for other stocks that could be the focus of LBO's. IAC Interactive ( IACI ) tends to fit the bill with a founder holding a large stake in the company. Barry Diller has made many deals in the internet space but yet the stock is down slightly over the past year.
Some good free cash flow and a lower price over the last year does not make a stock a must have in a portfolio. It does, however, lend itself to the discussion of an LBO which may be enough to make a trade.
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Brian Bolan is a Stock Strategist for Zacks.com. He is the Editor in charge of the Zacks Home Run Investor service , a Buy and Hold service where he recommends the stocks in the portfolio
Brian is also the editor of Follow The Money Trader a trading service that tracks institutional money flows and looks for great stock picks from that data.
Follow Brian Bolan on twitter at @BBolan1
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APPLE INC (AAPL): Free Stock Analysis Report
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IAC/INTERACTIV (IACI): 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 two great examples of this are Best Buy ( BBY ) and Dell ( DELL ). Dell A more recent story is that of Dell, and its founder Michael Dell moving to secure private equity and an investment from Microsoft ( MSFT ) to take the company that bear his name private. Dell holds approximately 16% of the company and has billions more invested in MSD Ventures, his investment vehicle.
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Dell A more recent story is that of Dell, and its founder Michael Dell moving to secure private equity and an investment from Microsoft ( MSFT ) to take the company that bear his name private. Follow Brian Bolan on twitter at @BBolan1 Like Brian Bolan on Facebook APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report IAC/INTERACTIV (IACI): Free Stock Analysis Report To read this article on Zacks.com click here. The two great examples of this are Best Buy ( BBY ) and Dell ( DELL ).
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Dell A more recent story is that of Dell, and its founder Michael Dell moving to secure private equity and an investment from Microsoft ( MSFT ) to take the company that bear his name private. Follow Brian Bolan on twitter at @BBolan1 Like Brian Bolan on Facebook APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report BEST BUY (BBY): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report IAC/INTERACTIV (IACI): Free Stock Analysis Report To read this article on Zacks.com click here. The two great examples of this are Best Buy ( BBY ) and Dell ( DELL ).
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Dell A more recent story is that of Dell, and its founder Michael Dell moving to secure private equity and an investment from Microsoft ( MSFT ) to take the company that bear his name private. The take away from the Dell deal is all about the cloud. The two great examples of this are Best Buy ( BBY ) and Dell ( DELL ).
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c278749b-ce96-449c-82e1-7464b102c842
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726546.0
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2013-01-25 00:00:00 UTC
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Windows 8 Won't Save the PC Like Everybody Had Hoped
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DELL
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https://www.nasdaq.com/articles/windows-8-wont-save-pc-everybody-had-hoped-2013-01-25
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nan
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nan
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When you're charged with saving the PC market, you have some big shoes to fill. So far, Microsoft (NASDAQ: MSFT ) isn't filling them. On Thursday, Microsoft reported earnings and Wall Street is not impressed. In pre-market trading Friday, the stock is down more than 1 percent.
The Redmond, Washington company posted revenues of $6.4 billion-down from $6.6 billion one year earlier and about $100 million less than analyst expectations. EPS was 76 cents, also down year over year from the previous year's 78 cents and beating expectations by one cent. Terrible? No. Impressive? Not really. In order to save the PC, Microsoft is going to need "impressive."
The heart of the PC is Windows. Sure, there have been other operating systems, but when the world thinks of the PC, it thinks of Windows. According to netmarketshare , a Windows operating system runs on 91 percent of all computers compared to Apple's (NASDAQ: AAPL ) 6.3 percent share.
This makes any new version of Windows arguably more important to the PC market than to Microsoft. Companies like Dell, (NASDAQ: DELL ) Hewlett-Packard (NYSE: HPQ ) and Intel (NASDAQ: INTC ) rely heavily on Microsoft to wow consumers with each Windows upgrade, but the response to Windows 8 has been tepid.
Intel reported earnings that fell 27 percent from the previous year, according to the company's earnings release . It shipped 6 percent fewer PC chips last quarter, the division responsible for two thirds of its revenue.
Languishing Dell is considering going private (with Microsoft showing interest as a potential buyer, ironically). Hewlett-Packard is down 40 percent and looking very J.C. Penney-esque (NYSE: JCP ) with all of the marketing language of a company on life support. "Transition," "turn-around," "reinvention," and "company shake-up" are just a few of the terms being used.
There's no doubt that the PC market is slowly dying but is it fair to say that Microsoft didn't give the PC a booster shot with Windows 8? Thursday's earnings revealed that Windows sales jumped 24 percent to $5.8 billion in the last three months of the year.
In comparison, Windows 7 produced a 74 percent increase and Vista, the operating system everybody hated, produced a 65 percent spike. (Of course, people had to purchase Vista before they could hate it.)
When asked, Microsoft blamed the slumping PC market and to some degree, that's a reasonable assertion, but investors want something more from Microsoft. They want a company, like Apple, that is ahead of the market. A company that is leading and shaping market demand rather than hoping it responds favorably to another update to a 27-year-old product.
According to the earnings release , Microsoft sold 60 million Windows 8 licenses. There are two important caveats to this number. Microsoft slashed the price for current users wanting to upgrade to $39.99-down from $120 for Windows 7. Second, Microsoft reported that its advertising expenses, mostly tied to Windows 8, increased 49 percent.
Finally, investors might remember that Microsoft boasted of selling 4 million licenses in the first three days of the Windows 8 launch. Sounds impressive but Apple, the company with a six percent share of the PC market, sold 3 million copies in the first three days.
The PC market needs a "wow" and it was hoping to get it from Windows 8. Thursday's numbers were respectable. To save the PC will be a Herculean task. That's going to take something much bigger than Windows 8.
(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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Companies like Dell, (NASDAQ: DELL ) Hewlett-Packard (NYSE: HPQ ) and Intel (NASDAQ: INTC ) rely heavily on Microsoft to wow consumers with each Windows upgrade, but the response to Windows 8 has been tepid. Languishing Dell is considering going private (with Microsoft showing interest as a potential buyer, ironically). The Redmond, Washington company posted revenues of $6.4 billion-down from $6.6 billion one year earlier and about $100 million less than analyst expectations.
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Companies like Dell, (NASDAQ: DELL ) Hewlett-Packard (NYSE: HPQ ) and Intel (NASDAQ: INTC ) rely heavily on Microsoft to wow consumers with each Windows upgrade, but the response to Windows 8 has been tepid. Languishing Dell is considering going private (with Microsoft showing interest as a potential buyer, ironically). In comparison, Windows 7 produced a 74 percent increase and Vista, the operating system everybody hated, produced a 65 percent spike.
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Companies like Dell, (NASDAQ: DELL ) Hewlett-Packard (NYSE: HPQ ) and Intel (NASDAQ: INTC ) rely heavily on Microsoft to wow consumers with each Windows upgrade, but the response to Windows 8 has been tepid. Languishing Dell is considering going private (with Microsoft showing interest as a potential buyer, ironically). This makes any new version of Windows arguably more important to the PC market than to Microsoft.
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Companies like Dell, (NASDAQ: DELL ) Hewlett-Packard (NYSE: HPQ ) and Intel (NASDAQ: INTC ) rely heavily on Microsoft to wow consumers with each Windows upgrade, but the response to Windows 8 has been tepid. Languishing Dell is considering going private (with Microsoft showing interest as a potential buyer, ironically). In order to save the PC, Microsoft is going to need "impressive."
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ff3beaec-864a-4878-b836-b0314f8d2ed9
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726547.0
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2013-01-25 00:00:00 UTC
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Stock Market News for January 25, 2013 - Market News
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DELL
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https://www.nasdaq.com/articles/stock-market-news-for-january-25-2013-market-news-2013-01-25
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nan
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nan
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The Dow Jones and S&P 500 finished in the green following strong domestic and international economic data coupled with better-than-expected earnings from Netflix. But dismal quarterly results from technology bellwether Apple dragged the Nasdaq into negative territory. Meanwhile, the number of Americans filing for unemployment benefits dropped to their lowest level in the last five years during the previous week. The biggest gainer for the S&P 500 was consumer discretionary stocks while the only loser was the technology sector.
The Dow Jones Industrial Average (DJI) gained 0.3% to close the day at 13,825.33. The Standard & Poor 500 (S&P 500) increased 0.01 point to finish yesterday's trading session at 1,494.82. The tech-laden Nasdaq Composite Index dropped 0.7% to end at 3130.38.The fear-gauge CBOE Volatility Index (VIX) rose 1.9% to settle at 12.69. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.8 billion shares, higher than 2012's daily average of 6.45 billion shares. Advancing stocks outnumbered decliners on the NYSE; as for 54% stocks that rose, 43% moved lower.
Shares of online video service provider Netflix, Inc. (NASDAQ: NFLX ) rocketed 42% after revenue and earnings beat the Street's forecast. During the reported quarter, the company added 2.05 million customers taking its domestic customer base to 27.2 million. The company added 4 million customers to its customer base worldwide. Shares of the company witnessed its biggest leap since it got listed on the stock market.
Technology bellwether Apple Inc. (NASDAQ: AAPL ) failed to impress the Street, reporting below-than-expected revenues. Shares of the company plunged 12.4% following poor quarterly results. The company sold 22.9 million iPads, up 48% year over year and 47.8 million iPhones, well below the Street's forecast. The primary concern for the company is its increasing production costs and performance pressure. Since September 2012, shares of the company have lost 36% while in January 2013 the company has lost 15% till date.
Meanwhile, the U.S. Department of Labor reported that the number of Americans filing for unemployment benefits declined to its lowest level in five years. According to the report, seasonally adjusted initial claims decreased 5,000 to 330,000 from prior week's unrevised figure of 335,000. This was below the consensus estimate of 335,000. The continuous decrease in initial claims numbers indicates the job market is gradually improving.
External factors from major economies boosted investor sentiment. Economic data from China suggested that its manufacturing sector had taken its biggest leap in two years. According to HSBC, purchasing manager's index increased to 51.9 in January from 51.5 in December indicating growth in the monthly index. This index has recorded its highest level in the past two years. According to chief China economist for HSBC, Qu Hongbin: "The upbeat manufacturing PMI reading heralds a good start to China's economic growth into the New Year"
Meanwhile, German PMI data showed signs of recovery in the economy. The largest economy among the European states grew at its fastest pace this year. The PMI index of Germany rose to 53.6 from 50.3 in December 2012.
The gainers among consumer discretionary stocks were The Home Depot, Inc. (NYSE: HD ), Amazon.com, Inc. (NASDAQ: AMZN ), DIRECTV (NASDAQ: DTV ), Starbucks Corporation (NASDAQ: SBUX ) and Whirlpool Corporation (NYSE: WHR ) with gains of 1.3%, 2.1%, 0.7%, 0.2% and 2.2% respectively.
The losers among the technology sector include International Business Machines Corp. (NYSE: IBM ), Dell Inc. (NASDAQ: DELL ), SAP AG (NYSE: SAP ), and Intel Corporation (NASDAQ: INTC ) with 0.2%, 0.6%, 0.2% and 0.8%.
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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 losers among the technology sector include International Business Machines Corp. (NYSE: IBM ), Dell Inc. (NASDAQ: DELL ), SAP AG (NYSE: SAP ), and Intel Corporation (NASDAQ: INTC ) with 0.2%, 0.6%, 0.2% and 0.8%. APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DIRECTV (DTV): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report SAP AG ADR (SAP): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. The Dow Jones and S&P 500 finished in the green following strong domestic and international economic data coupled with better-than-expected earnings from Netflix.
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The losers among the technology sector include International Business Machines Corp. (NYSE: IBM ), Dell Inc. (NASDAQ: DELL ), SAP AG (NYSE: SAP ), and Intel Corporation (NASDAQ: INTC ) with 0.2%, 0.6%, 0.2% and 0.8%. APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DIRECTV (DTV): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report SAP AG ADR (SAP): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. The gainers among consumer discretionary stocks were The Home Depot, Inc. (NYSE: HD ), Amazon.com, Inc. (NASDAQ: AMZN ), DIRECTV (NASDAQ: DTV ), Starbucks Corporation (NASDAQ: SBUX ) and Whirlpool Corporation (NYSE: WHR ) with gains of 1.3%, 2.1%, 0.7%, 0.2% and 2.2% respectively.
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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 DIRECTV (DTV): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report SAP AG ADR (SAP): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. The losers among the technology sector include International Business Machines Corp. (NYSE: IBM ), Dell Inc. (NASDAQ: DELL ), SAP AG (NYSE: SAP ), and Intel Corporation (NASDAQ: INTC ) with 0.2%, 0.6%, 0.2% and 0.8%. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.8 billion shares, higher than 2012's daily average of 6.45 billion shares.
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The losers among the technology sector include International Business Machines Corp. (NYSE: IBM ), Dell Inc. (NASDAQ: DELL ), SAP AG (NYSE: SAP ), and Intel Corporation (NASDAQ: INTC ) with 0.2%, 0.6%, 0.2% and 0.8%. APPLE INC (AAPL): Free Stock Analysis Report AMAZON.COM INC (AMZN): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DIRECTV (DTV): Free Stock Analysis Report HOME DEPOT (HD): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report INTEL CORP (INTC): Free Stock Analysis Report NETFLIX INC (NFLX): Free Stock Analysis Report SAP AG ADR (SAP): Free Stock Analysis Report STARBUCKS CORP (SBUX): Free Stock Analysis Report WHIRLPOOL CORP (WHR): Free Stock Analysis Report To read this article on Zacks.com click here. Advancing stocks outnumbered decliners on the NYSE; as for 54% stocks that rose, 43% moved lower.
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3226c2cc-0271-49ad-9f93-67f8e641f797
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726548.0
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2013-01-25 00:00:00 UTC
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What Do This Week's Earnings Tell Us About the PC Market?
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DELL
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https://www.nasdaq.com/articles/what-do-weeks-earnings-tell-us-about-pc-market-2013-01-25
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nan
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nan
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The secular decline of the PC has been a major business and technology story over the last few years.
The erosion of the PC market has triggered steep sell-offs in the stocks of some of the world's most iconic tech companies, including Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ). Over the last 5 years, DELL has lost more than 34 percent and HPQ is down more than 61 percent.
Over the last 52-weeks, DELL has shed almost 22 percent and HPQ has fallen over 40 percent. Overexposure to PCs and other hardware, which has become a low margin, commodity business is the primary reason for the struggles at both Dell and Hewlett-Packard.
In recent days, a number of other companies that have exposure to the PC market have released their quarterly earnings results, shedding some light on how their business are performing.
Companies of note include Microsoft (NASDAQ: MSFT ), Western Digital (NASDAQ: WDC ), SanDisk (NASDAQ: SNDK ), Advanced Micro Devices (NYSE: AMD ), Logitech (NASDAQ: LOGI ), and Intel (NASDAQ: INTC ).
While Microsoft has been able to continue to grow its top-line in recent years, margins at the company fell in 2012 along with net income. Microsoft remains very levered to the PC market through its cash cow businesses Windows and Office.
The company released its fiscal second-quarter earnings results on January 24. Net income fell 4 percent to $6.38 billion or $0.76 per share, compared to $6.62 billion or $0.78 per share, in the year ago period. This came in slightly ahead of consensus EPS estimates of $0.78.
Revenue was up 3 percent to $21.46 billion but missed consensus estimates of $21.53 billion. Overall, the results were not terribly impressive, but the company's PC-centric Windows business grew 24 percent versus the year ago period. Furthermore, Microsoft said that Windows 8 licenses were tracking above the adoption rate for Windows 7.
Hard-drive maker Western Digital (NYSE: WDC ) has had an interesting history. The company's stock trades at a rock bottom multiple despite a terrific history of appreciation. Analysts are estimating that sales at Western Digital will fall almost 25 percent next quarter and 1.30 percent in fiscal 2014.
The company reported its second-quarter results on Wednesday. Non-GAAP net income was $513 million or $2.09 per share, compared to $358 million or $1.51 per share last year. Revenue was up to $3.82 billion versus $2 billion in last year's second quarter. This was ahead of analysts consensus revenue estimates of $3.68 billion. Shares of Western Digital are already up around 13 percent in 2013 and the stock continues to be a big-time tech performer. Over the last 3 months, WDC has surged 40 percent.
Flash memory and solid-state drive manufacturer SanDisk (NASDAQ: SNDK ) has been hurt by falling revenue and margins over the last couple of years. Nevertheless, SNDK is riding a strong uptrend and is already up 14 percent in 2013.
The company reported a lower fourth-quarter profit on Wednesday. Adjusted net income was $257 million or $1.05 per share, versus $317 million or $1.29 per share, in last year's corresponding quarter. Nevertheless, the results were way ahead of Street estimates of $0.76. Revenues fell 2 percent for the quarter to $1.54 billion versus $1.58 billion last year. This slightly beat analysts' consensus revenue estimates of $1.53 billion.
AMD (NYSE: AMD ) is another PC-centric company that has struggled mightily in recent years. The stock is down almost 56 percent over the last year. The company's most recent results were better than expected, however, and the stock is up almost 19 percent in 2013.
The company reported a loss for the period, citing weak PC demand as consumers are shifting to smartphones and tablets. AMD reported a loss of $473 million or $0.63 per share, from $177 million or $0.24 per share last year. On an adjusted basis, the company lost $0.14 per share versus $0.19 in the year ago period. This beat analysts' consensus of a loss of $0.20. AMD guided for a 9 percent, plus or minus 3 percent decline in sequential revenue.
Logitech in another company with significant exposure to PCs. The company sells PC peripherals such as mice, trackballs, keyboards, interactive gaming controllers, multimedia speakers, headsets, webcams and lapdesks.
The stock is lower on the year and LOGI missed Wall Street revenue estimates when it reported on Wednesday. The company reported a $1.24 per share loss on a goodwill impairment charge. Adjusted net income was $16 million. Revenue fell 14 percent in the quarter to $614.50 million from $714.60 million last year. This missed analysts' consensus revenue estimates of $667.87 million by a wide margin.
Last week, the world's largest chip-maker Intel (NASDAQ: INTC ) said that its fourth-quarter profit fell 27 percent due to a sluggish PC market. Intel also missed analysts' revenue expectations. The stock traded down in the wake of the results and Intel has lost almost 21 percent over the last year. Adjusted net income was $2.61 billion or $0.51 per share, versus $3.52 billion or $0.67 per share in last year's fourth-quarter. Revenue fell 3 percent to $13.48 billion from $13.89 billion last year. This missed consensus estimates of $13.53 billion.
Recent earnings results from PC-centric companies shows that the environment continues to be weak, although some of the stocks have done well.
Going forward, the PC market will continue to be cannibalized by smartphones and tablets, causing many exposed stocks to trade at very low P/E ratios. Companies such as Western Digital and SanDisk show that it is possible to make money in stocks with exposure to PCs, but the decline in the sector has been broadly negative for most companies.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything 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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The erosion of the PC market has triggered steep sell-offs in the stocks of some of the world's most iconic tech companies, including Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ). Over the last 5 years, DELL has lost more than 34 percent and HPQ is down more than 61 percent. Over the last 52-weeks, DELL has shed almost 22 percent and HPQ has fallen over 40 percent.
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The erosion of the PC market has triggered steep sell-offs in the stocks of some of the world's most iconic tech companies, including Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ). Over the last 5 years, DELL has lost more than 34 percent and HPQ is down more than 61 percent. Over the last 52-weeks, DELL has shed almost 22 percent and HPQ has fallen over 40 percent.
|
The erosion of the PC market has triggered steep sell-offs in the stocks of some of the world's most iconic tech companies, including Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ). Over the last 5 years, DELL has lost more than 34 percent and HPQ is down more than 61 percent. Over the last 52-weeks, DELL has shed almost 22 percent and HPQ has fallen over 40 percent.
|
The erosion of the PC market has triggered steep sell-offs in the stocks of some of the world's most iconic tech companies, including Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ). Over the last 5 years, DELL has lost more than 34 percent and HPQ is down more than 61 percent. Over the last 52-weeks, DELL has shed almost 22 percent and HPQ has fallen over 40 percent.
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90cdd1ce-ed13-409b-a6b7-8e648a237b13
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726549.0
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2013-01-23 00:00:00 UTC
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Is Apple the Next Microsoft?
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DELL
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https://www.nasdaq.com/articles/apple-next-microsoft-2013-01-23
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nan
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nan
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The history of the stock market has pretty convincingly proven that "what goes up, must come down."
When it comes to hyper-growth technology companies, this is particularly true. At the very least, most of these stocks hit an incredible peak before pulling back and consolidating for years. Some of these companies, such as IBM (NYSE: IBM ), subsequently enter another growth phase where investors are once again rewarded by an appreciating stock price.
Most of the world's iconic companies, however, have been incapable of replicating their early staggering returns on a year-to-year basis. No matter how great the business, these stocks tend to go through an incredible period of appreciation during the company's growth phase and then settle into uneventful trading ranges as the company matures.
This scenario is most often reserved for the truly exceptional companies. Many other former high-fliers have seen their stock prices fall precipitously from once lofty perches.
Examples of this phenomenon in technology include Intel (NASDAQ: INTC ) and Microsoft (NASDAQ: MSFT ), which have settled into trading ranges, and Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), which have seen their stock prices plunge. Today's technology high-fliers almost assuredly await a similar fate, although it is almost impossible to call a top and predict exactly when it will happen.
The chances of stocks such as Apple (NASDAQ: AAPL ) and Amazon (NASDAQ: AMZN ) going up in perpetuity, however, are slim.
The chart below plots the return history of Apple versus Microsoft. If nothing else, the current correlation between the two stocks is eerie (if you are long Apple). The chart begs the question, have we seen a top in Apple, and is the company the next Microsoft?
The question that investors should ask themselves in order to attempt to answer the preceding question is can Apple continue to innovate and create new markets? Microsoft's growth phase was driven by the rapid adoption of Windows and Office within the context of the exploding PC market. Similarly, Apple's growth has been driven by the rapid adoption of iPhone and iPad within the context of the exploding mobile market.
Today, Windows and Office continue to generate a massive revenue stream for Microsoft, but they don't produce growth. Furthermore, the company has missed numerous opportunities to re-invent itself and capitalize on new technology trends. Microsoft has been beaten to the punch in music, search, smartphones, tablets, and social networking to name a few markets. It would seem that Microsoft's overwhelming success seemingly came at the expense of further innovation.
Instead of creating new markets and leading from the front, the company has instead sat on its cash cow businesses and chosen conservatism over risk-taking and innovation. Apple may face a similar dilemma. Looking ahead, it is likely that the smartphone and tablet markets will be producing billions in sales years from now -- but that won't be enough to push the stock price higher in perpetuity.
In sum, Apple has to continue to be what it has been over the last few years. The culture cannot change and success cannot get in the way of aggressive innovation. Apple needs to continue to be Steve Jobs' company even though he is no longer with us.
While Apple has already proven that it can create and dominate new markets, investors need to believe that it can continue to do this into the future for the stock to rise. Even more importantly, the company needs to keep executing in this regard if it doesn't want to become another Microsoft.
While it is far too early to say with certainty that Apple's run is coming to an end, the company will have to continue to amaze consumers by creating new markets defined by groundbreaking products going forward.
(Chart source: @Ross_Bullock )
Stock chart:
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything 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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Examples of this phenomenon in technology include Intel (NASDAQ: INTC ) and Microsoft (NASDAQ: MSFT ), which have settled into trading ranges, and Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), which have seen their stock prices plunge. Instead of creating new markets and leading from the front, the company has instead sat on its cash cow businesses and chosen conservatism over risk-taking and innovation. Looking ahead, it is likely that the smartphone and tablet markets will be producing billions in sales years from now -- but that won't be enough to push the stock price higher in perpetuity.
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Examples of this phenomenon in technology include Intel (NASDAQ: INTC ) and Microsoft (NASDAQ: MSFT ), which have settled into trading ranges, and Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), which have seen their stock prices plunge. No matter how great the business, these stocks tend to go through an incredible period of appreciation during the company's growth phase and then settle into uneventful trading ranges as the company matures. Microsoft's growth phase was driven by the rapid adoption of Windows and Office within the context of the exploding PC market.
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Examples of this phenomenon in technology include Intel (NASDAQ: INTC ) and Microsoft (NASDAQ: MSFT ), which have settled into trading ranges, and Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), which have seen their stock prices plunge. No matter how great the business, these stocks tend to go through an incredible period of appreciation during the company's growth phase and then settle into uneventful trading ranges as the company matures. While Apple has already proven that it can create and dominate new markets, investors need to believe that it can continue to do this into the future for the stock to rise.
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Examples of this phenomenon in technology include Intel (NASDAQ: INTC ) and Microsoft (NASDAQ: MSFT ), which have settled into trading ranges, and Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), which have seen their stock prices plunge. The chart below plots the return history of Apple versus Microsoft. The chart begs the question, have we seen a top in Apple, and is the company the next Microsoft?
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f480822f-6a2c-48df-b17a-30be99285ff3
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726550.0
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2013-01-23 00:00:00 UTC
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Weak PC Market Hits AMD Again - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/weak-pc-market-hits-amd-again-analyst-blog-2013-01-23
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nan
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nan
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Advanced Micro Devices ( AMD ) reported a loss of 14 cents per share for the fourth quarter of 2012, better than the Zacks Consensus Estimate 20 cents loss per share, owing to solid expense management.
Revenue
AMD generated revenues of $1.16 billion in the quarter, down 31.7% year over year. The quarter's revenue was roughly in line with its guidance of a 9% sequential decline (at the mid-point). A challenging macro-environment and growing consumer preference for smartphones and tablets impacted the company's fourth quarter results.
Revenue by Segment
Computing Solutions comprised 72% of AMD's sales in the last quarter, down 11.0% sequentially and 37.0% from the year-ago quarter. The fourth quarter marked a continuation of softening trends noticed in the third, both as a result of macro conditions that impacted consumer spending.
AMD's Graphics business generated the remaining 28% of its sales, down 5.0% sequentially and 15.0% from the year-ago quarter due to lower unit volume shipments. The graphics business is currently under some pressure due to the PC market slowdown.
Operating Results
Reported gross margin for the quarter was 15.4%, down significantly from the year-ago quarter's 45.7%. Lower volumes and unfavorable mix impacted margins in the last quarter. Utilization of backend facilities also declined, another negative for the quarter.
Operating expenses of $506.0 million decreased 15.8% year over year from $601.0 in the year-ago quarter. However, the reported operating margin was -36.5%, which shrunk from the year-ago quarter of 4.2% on account of high cost of sales due to higher research and development (R&D) expenses (as a percentage of sales) as well as higher restructuring charges.
The quarter's GAAP net income was ($473.0) million or loss per share of 63 cents, down from ($177.0) million or 24 cents earned in the comparable quarter last year. Excluding restructuring charges and intangible amortization charges, but including stock-based compensation expenses non-GAAP net loss was $102.0 million or loss per share of 14 cents compared with $138 million or 19 cents a share in the year-ago quarter.
Balance Sheet
AMD exited the fourth quarter with cash, cash equivalents and marketable securities of approximately $1.0 billion, down from $1.3 billion in the prior quarter. Trade receivables were $630.0 million, down from $683.0 million in the prior quarter.
During the quarter, AMD used $286.0 million of cash for operations, spending $22.0 million on capex.
Guidance
Management expects first quarter 2013 revenue to decline 9.0% (+/- 3.0%) sequentially. Gross margin is expected to be flat sequentially. Operating expenses are expected to be approximately $495.0 million.
For 2013, operating expenses are expected to be approximately $450.0 million, capital expenditures of approximately $150.0 million.
Our Take
Though AMD's bottom line beat the Zacks Consensus Estimate, it posted a significant net loss due to weak demand and a slow PC market. A more conducive market, adoption of new products, position in graphics and good execution can pull the company out of the current situation.
For this purpose, AMD has announced a massive restructuring to align the cost structure with current demand trends. Management currently expects the initiative to reduce the cost base by 25%. Also, the company plans to diversify its business into new embedded markets, including communication, industrial and gaming among others. It expects to increase revenue contribution from its embedded business and increase market share.
The company operates in a highly competitive market, which is being increasingly cannibalized by tablets from well-established players, such as Apple ( AAPL ), Samsung, Microsoft ( MSFT ), Hewlett-Packard ( HPQ ) and Dell ( DELL ) among others. Intel's ( INTC ) Ultrabook concept is going to further fragment the market, giving strong competition to AMD. Currently, AMD has a Zacks Rank #3 (Hold).
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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 operates in a highly competitive market, which is being increasingly cannibalized by tablets from well-established players, such as Apple ( AAPL ), Samsung, Microsoft ( MSFT ), Hewlett-Packard ( HPQ ) and Dell ( DELL ) among others. APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report DELL INC (DELL): 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 To read this article on Zacks.com click here. The fourth quarter marked a continuation of softening trends noticed in the third, both as a result of macro conditions that impacted consumer spending.
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APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report DELL INC (DELL): 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 To read this article on Zacks.com click here. The company operates in a highly competitive market, which is being increasingly cannibalized by tablets from well-established players, such as Apple ( AAPL ), Samsung, Microsoft ( MSFT ), Hewlett-Packard ( HPQ ) and Dell ( DELL ) among others. Excluding restructuring charges and intangible amortization charges, but including stock-based compensation expenses non-GAAP net loss was $102.0 million or loss per share of 14 cents compared with $138 million or 19 cents a share in the year-ago quarter.
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APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report DELL INC (DELL): 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 To read this article on Zacks.com click here. The company operates in a highly competitive market, which is being increasingly cannibalized by tablets from well-established players, such as Apple ( AAPL ), Samsung, Microsoft ( MSFT ), Hewlett-Packard ( HPQ ) and Dell ( DELL ) among others. The quarter's GAAP net income was ($473.0) million or loss per share of 63 cents, down from ($177.0) million or 24 cents earned in the comparable quarter last year.
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The company operates in a highly competitive market, which is being increasingly cannibalized by tablets from well-established players, such as Apple ( AAPL ), Samsung, Microsoft ( MSFT ), Hewlett-Packard ( HPQ ) and Dell ( DELL ) among others. APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report DELL INC (DELL): 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 To read this article on Zacks.com click here. Operating Results Reported gross margin for the quarter was 15.4%, down significantly from the year-ago quarter's 45.7%.
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fcdf5ec8-c420-4965-853a-364996cc11f2
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726551.0
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2013-01-22 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-2013-01-22
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nan
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nan
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john.melloy@nbcuni.com;lydia.thew@nbcuni.com; courtney.gartman@nbcuni.com; xbucplayer@aol.com; jon.najarian@optionmonster.com; gcadami@optonline.net;
optionMONSTER's ActionTracker top option trades for individual equities
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.
Intel (INTC): An investor purchased more than 13,000 January 2014 25 calls, mostly for $0.54, looking for the chipmaker to climb over the next year. INTC fell 0.75 percent to $21.09.
JP Morgan (JPM): More than 11,000 September 33 puts were bought for $0.48 and $0.49. Volume was below open interest at the strike, so the activity could result from an existing position being closed. JPM fell 0.39 percent to $48.28.
Dell (DELL): More than 9,000 February 11 puts were bought, mostly for $0.14 and $0.15, as investors brace for a pullback in the computer-hardware maker. DELL rose 1.79 percent to $13.07.
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): More than 9,000 February 11 puts were bought, mostly for $0.14 and $0.15, as investors brace for a pullback in the computer-hardware maker. DELL rose 1.79 percent to $13.07. john.melloy@nbcuni.com;lydia.thew@nbcuni.com; courtney.gartman@nbcuni.com; xbucplayer@aol.com; jon.najarian@optionmonster.com; gcadami@optonline.net; optionMONSTER's ActionTracker top option trades for individual equities 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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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): More than 9,000 February 11 puts were bought, mostly for $0.14 and $0.15, as investors brace for a pullback in the computer-hardware maker. DELL rose 1.79 percent to $13.07.
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Dell (DELL): More than 9,000 February 11 puts were bought, mostly for $0.14 and $0.15, as investors brace for a pullback in the computer-hardware maker. DELL rose 1.79 percent to $13.07. john.melloy@nbcuni.com;lydia.thew@nbcuni.com; courtney.gartman@nbcuni.com; xbucplayer@aol.com; jon.najarian@optionmonster.com; gcadami@optonline.net; optionMONSTER's ActionTracker top option trades for individual equities 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 1.79 percent to $13.07. Dell (DELL): More than 9,000 February 11 puts were bought, mostly for $0.14 and $0.15, as investors brace for a pullback in the computer-hardware maker. INTC fell 0.75 percent to $21.09.
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b405e4f6-9240-4690-8140-3f505fe9ab2c
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726552.0
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2013-01-22 00:00:00 UTC
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Pre-Market Most Active for Jan 22, 2013 : SNV, VOD, RIMM, BAC, SNY, BCS, VZ, ARNA, FB, NOK, AAPL, DELL
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-jan-22-2013-snv-vod-rimm-bac-sny-bcs-vz-arna-fb-nok-aapl-dell-2013
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is down -1.7 to 2,741.54. The total Pre-Market volume is currently 7,841,909 shares traded.
The following are the most active stocks for the pre-market session :
Synovus Financial Corp. ( SNV ) is +0.04 at $2.75, with 2,058,570 shares traded. RTT News Reports: Synovus Financial Q4 12 Earnings Conference Call At 8:30 AM ET
Vodafone Group Plc ( VOD ) is -0.37 at $25.49, with 1,686,425 shares traded. VOD's current last sale is 82.23% of the target price of $31.
Research in Motion Limited ( RIMM ) is +1.14 at $16.98, with 1,580,686 shares traded. RIMM's current last sale is 169.8% of the target price of $10.
Bank of America Corporation ( BAC ) is -0.07 at $11.07, with 714,294 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.22. BAC's current last sale is 85.15% of the target price of $13.
Sanofi ( SNY ) is +0.32 at $48.05, with 600,000 shares traded. As reported by Zacks, the current mean recommendation for SNY is in the "strong buy range".
Barclays PLC ( BCS ) is -0.1181 at $18.84, with 513,700 shares traded. As reported by Zacks, the current mean recommendation for BCS is in the "buy range".
Verizon Communications Inc. ( VZ ) is -0.59 at $41.95, with 473,704 shares traded. RTT News Reports: Verizon Q4 Loss Widens, Adj. EPS Misses Estimates
Arena Pharmaceuticals, Inc. ( ARNA ) is -0.77 at $9.00, with 437,758 shares traded. ARNA's current last sale is 81.82% of the target price of $11.
Facebook, Inc. ( FB ) is +0.2 at $29.86, with 333,797 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $0.11. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Nokia Corporation ( NOK ) is +0.05 at $4.48, with 316,095 shares traded. Over the last four weeks they have had 8 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $0. NOK is scheduled to provide an earnings report on 1/24/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0 per share, which represents a 8 percent increase over the EPS one Year Ago
Apple Inc. ( AAPL ) is +0.1 at $500.10, with 175,742 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $13.47. AAPL is scheduled to provide an earnings report on 1/23/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 13.47 per share, which represents a 1,387 percent increase over the EPS one Year Ago
Dell Inc. ( DELL ) is -0.04 at $12.80, with 175,600 shares traded. DELL's current last sale is 102.4% of the target price of $12.5.
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 consensus earnings per share forecast is 13.47 per share, which represents a 1,387 percent increase over the EPS one Year Ago Dell Inc. ( DELL ) is -0.04 at $12.80, with 175,600 shares traded. DELL's current last sale is 102.4% of the target price of $12.5. The following are the most active stocks for the pre-market session : Synovus Financial Corp. ( SNV ) is +0.04 at $2.75, with 2,058,570 shares traded.
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The consensus earnings per share forecast is 13.47 per share, which represents a 1,387 percent increase over the EPS one Year Ago Dell Inc. ( DELL ) is -0.04 at $12.80, with 175,600 shares traded. DELL's current last sale is 102.4% of the target price of $12.5. RTT News Reports: Synovus Financial Q4 12 Earnings Conference Call At 8:30 AM ET Vodafone Group Plc ( VOD ) is -0.37 at $25.49, with 1,686,425 shares traded.
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The consensus earnings per share forecast is 13.47 per share, which represents a 1,387 percent increase over the EPS one Year Ago Dell Inc. ( DELL ) is -0.04 at $12.80, with 175,600 shares traded. DELL's current last sale is 102.4% of the target price of $12.5. RTT News Reports: Synovus Financial Q4 12 Earnings Conference Call At 8:30 AM ET Vodafone Group Plc ( VOD ) is -0.37 at $25.49, with 1,686,425 shares traded.
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The consensus earnings per share forecast is 13.47 per share, which represents a 1,387 percent increase over the EPS one Year Ago Dell Inc. ( DELL ) is -0.04 at $12.80, with 175,600 shares traded. DELL's current last sale is 102.4% of the target price of $12.5. The NASDAQ 100 Pre-Market Indicator is down -1.7 to 2,741.54.
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500addc4-8d84-4e6b-8037-c5379b89e4ce
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726553.0
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2013-01-22 00:00:00 UTC
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Market Wrap for Tuesday, January 22: Stocks Climb, Close Near Session Highs
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DELL
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https://www.nasdaq.com/articles/market-wrap-tuesday-january-22-stocks-climb-close-near-session-highs-2013-01-22
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nan
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nan
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The U.S. stock market grinded higher on Tuesday, closing the day near session highs. Investors are currently enjoying a strong start to the year as volatility has been near non-existent and money continues to flow into risk assets. The major story on Wall Street currently is earnings season with reports from Google (NASDAQ: GOOG ) and IBM (NYSE: IBM ) on tap after the closing bell.
Existing Home Sales
The only major economic release on the docket for Tuesday was existing home sales, which came in below expectations. Home sales fell to 4.94 million in December versus 4.99 million in the prior month. This came in below consensus expectations of 5.10 million.
Major Averages
The Dow Jones Industrial Average climbed 62 points, or 0.46 percent, to close at 13,712.
The S&P 500 rose around 6.5 points, or 0.44 percent, to finish at 1,492.5.
The Nasdaq was the laggard on the day, but still managed to record a gain of better than 8 points, or 0.27 percent, to just over 3,143.
Currencies
The U.S. dollar was slightly lower on the session. Heading into the close, the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP ), which tracks the performance of the greenback versus a basket of foreign currencies, was down 0.11 percent to $21.83.
The closely watched EUR/USD pair was flat on the day. Other notable currency movers included the Japanese yen, which fell 1.12 percent versus the dollar and the Australian dollar which was up 0.46 percent versus the greenback.
Commodities
Crude oil rose along with the stock market on Tuesday. At last check, NYMEX crude futures were up 0.71 percent to $96.24. Brent crude was trading up 0.64 percent to $112.64. Natural gas futures lost 0.31 percent and were last trading at $3.55.
Precious metals were also higher on the day. COMEX gold futures were last trading up 0.25 percent to $1,691.10 while silver futures were up 0.92 percent to $32.23.
Grains were higher across the board with the exception of wheat futures which lost 1.52 percent. Corn futures were last up 0.14 percent.
Bonds
Late in the session, the iShares Barclays 20+ Year Treasury Bond ETF (NYSE: TLT ) was up 0.14 percent to $120.21. Yields were down one basis point across the curve. The 2-Year was sitting at 0.24 percent while the 5-Year yield was at 0.75 percent. The 10-Year Note and 30-Year Bond were yielding 1.83 percent to 3.02 percent, respectively.
Volatility and Volume
Despite a higher stock market, the VIX rose slightly on Tuesday. With the index trading near 52-week lows, some investors likely decided that now was a good time to buy some protection for their portfolios. The VIX closed the day up 0.88 percent to 12.57.
Volume was very light on the session with just 82 million SPDR S&P 500 ETF (NYSE: SPY ) shares trading hands compared to a 3-month daily average of 139 million.
Stock Movers
Dell (NASDAQ: DELL ) shares were active on the session as rumors continue to swirl about a possible private equity acquisition of the company. The stock closed up more than 2 percent to $13.13. Reports indicated that Microsoft (NASDAQ: MSFT ) may be interested in investing in a potential deal.
Research in Motion (NASDAQ: RIMM ) surged 13 percent on Tuesday after CEO, Thorsten Heins, said that he would consider splitting the company up by selling off the hardware division and licensing RIM's software.
Shares of Boeing (NYSE: BA ) fell around 1.20 percent on the day as investors continue to fret about the company's Dreamliner problems.
Hard drive makers Western Digital (NASDAQ: WDC ) and Seagate Technology (NYSE: STX ) surged on Tuesday ahead of WDC's earnings which are due out on Wednesday after the close. Seagate climbed around 7 percent while Western Digital closed with a gain of almost 6 percent.
Verizon (NYSE: VZ ) rose a little less than 1 percent after releasing its quarterly earnings results.
Delta Air Lines (NYSE: DAL ) jumped nearly 3 percent on the session in the wake of the company's earnings results.
Travelers (NYSE: TRV ) closed the day with a better than 2 percent gain after releasing its quarterly results.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything 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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Stock Movers Dell (NASDAQ: DELL ) shares were active on the session as rumors continue to swirl about a possible private equity acquisition of the company. Heading into the close, the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP ), which tracks the performance of the greenback versus a basket of foreign currencies, was down 0.11 percent to $21.83. Research in Motion (NASDAQ: RIMM ) surged 13 percent on Tuesday after CEO, Thorsten Heins, said that he would consider splitting the company up by selling off the hardware division and licensing RIM's software.
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Stock Movers Dell (NASDAQ: DELL ) shares were active on the session as rumors continue to swirl about a possible private equity acquisition of the company. Volatility and Volume Despite a higher stock market, the VIX rose slightly on Tuesday. Hard drive makers Western Digital (NASDAQ: WDC ) and Seagate Technology (NYSE: STX ) surged on Tuesday ahead of WDC's earnings which are due out on Wednesday after the close.
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Stock Movers Dell (NASDAQ: DELL ) shares were active on the session as rumors continue to swirl about a possible private equity acquisition of the company. Other notable currency movers included the Japanese yen, which fell 1.12 percent versus the dollar and the Australian dollar which was up 0.46 percent versus the greenback. COMEX gold futures were last trading up 0.25 percent to $1,691.10 while silver futures were up 0.92 percent to $32.23.
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Stock Movers Dell (NASDAQ: DELL ) shares were active on the session as rumors continue to swirl about a possible private equity acquisition of the company. The VIX closed the day up 0.88 percent to 12.57. The stock closed up more than 2 percent to $13.13.
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f8c2e69e-0162-4f4f-89fc-ce5c2ca76396
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726554.0
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2013-01-22 00:00:00 UTC
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Two Reasons Why Microsoft May Want a Piece of Dell
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DELL
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https://www.nasdaq.com/articles/two-reasons-why-microsoft-may-want-piece-dell-2013-01-22
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nan
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nan
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Why Microsoft (NASDAQ: MSFT ) is taking a seat at the negotiation table for Dell (NASDAQ: DELL ) isn't clear, but according to multiple sources Tuesday, the company is doing just that. The company is in talks with private equity firm Silver Lake Partners to invest $1 to $3 billion in a leveraged buyout of the once popular PC maker.
But why? First, there's no doubt that PC sales are falling fast. Gartner reports that in Q4 of 2012, PC shipments declined 4.9 percent year over year. Gartner analyst Mikako Kitagawa said it is more than just a weak economy causing the decline.
"Tablets have dramatically changed the device landscape for PCs, not so much by 'cannibalizing' PC sales, but by causing PC users to shift consumption to tablets rather than replacing older PCs."
Is Microsoft interested in Dell in order to reignite PC sales? Microsoft CEO Steve Ballmer said he believes that unlike the Apple model, multiple companies manufacturing PCs is essential to the sale of Microsoft software.
Could it be the opposite of what Ballmer indicated? In a letter to shareholders , Ballmer reiterated his commitment to relying on the PC community to drive innovation, but there are signs that may point to other motives.
First, Microsoft took a giant leap forward with its Surface tablet. The product hasn't been the blowout success that Microsoft had hoped, but along with Xbox, it proves the company has its eye on designing and manufacturing hardware.
In the shareholder letter, CEO Ballmer wrote that one of Microsoft's focus areas for future development is, "Firmly establishing one platform, Windows, across the PC, tablet, phone, server, and cloud to drive a thriving ecosystem of developers, unify the cross-device user experience, and increase agility when bringing new advancements to market."
Does this sound like another technology company? Apple (NASDAQ: AAPL ) already does this and the company has done it to the point where Microsoft is barely on the company's radar screen as a competitor anymore.
An interest in Dell would give Microsoft a giant leap into the PC market-a strategy well-known to the company. In 2008, when Microsoft was aggressively pursuing Yahoo (NASDAQ: YHOO ) Ballmer indicated that interest in Yahoo stemmed from its desire to rival Google. Clearly, Microsoft looks for ways to enter markets without starting from scratch.
There's the company's $605 million investment in Barnes and Noble (NYSE: BKS ). Microsoft gained a 17.6 percent share in a Barnes and Noble subsidiary that includes the eBook division-an area where rivals were gaining market share. And going way back, the company's $150 investment in faltering Apple.
Microsoft's interest in Dell may be an attempt to return to its roots. Microsoft's investments in areas outside of the PC have not been standout successes. Microsoft still generates the majority of its earnings from the PC market. Investing in Dell puts the company back in a business it knows well.
Microsoft is trading down fractionally in afternoon trading while Dell is up more than 2.5 percent.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything 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.
|
Why Microsoft (NASDAQ: MSFT ) is taking a seat at the negotiation table for Dell (NASDAQ: DELL ) isn't clear, but according to multiple sources Tuesday, the company is doing just that. Is Microsoft interested in Dell in order to reignite PC sales? An interest in Dell would give Microsoft a giant leap into the PC market-a strategy well-known to the company.
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Why Microsoft (NASDAQ: MSFT ) is taking a seat at the negotiation table for Dell (NASDAQ: DELL ) isn't clear, but according to multiple sources Tuesday, the company is doing just that. Is Microsoft interested in Dell in order to reignite PC sales? An interest in Dell would give Microsoft a giant leap into the PC market-a strategy well-known to the company.
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Why Microsoft (NASDAQ: MSFT ) is taking a seat at the negotiation table for Dell (NASDAQ: DELL ) isn't clear, but according to multiple sources Tuesday, the company is doing just that. Is Microsoft interested in Dell in order to reignite PC sales? An interest in Dell would give Microsoft a giant leap into the PC market-a strategy well-known to the company.
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Is Microsoft interested in Dell in order to reignite PC sales? Why Microsoft (NASDAQ: MSFT ) is taking a seat at the negotiation table for Dell (NASDAQ: DELL ) isn't clear, but according to multiple sources Tuesday, the company is doing just that. An interest in Dell would give Microsoft a giant leap into the PC market-a strategy well-known to the company.
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153b512f-13f7-48dd-8a39-1b308048814e
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726555.0
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2013-01-18 00:00:00 UTC
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Intel's 2013 Spending Trending Up - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/intels-2013-spending-trending-analyst-blog-2013-01-18
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nan
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nan
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Intel Corp ( INTC ) reported fourth quarter earnings of 50 cents per share that beat the Zacks Consensus Estimate by 5 cents. The 11.1% surprise was better than the 8.7% it averaged in the four preceding quarters. The resultant 5.3% decline in share prices in after-hours trading more than offset the 2.6% appreciation during the day, as guidance was not too exciting.
Revenue
Intel's reported revenue was $13.5 billion, within the guidance range of $$13.6 billion (+/-$500 million). This was flat sequentially and down 3.0% year over year.
Weaker-than-expected PC demand stemming from tablet cannibalization and restrained consumer buying due to tighter budgets continued in the last quarter. As a result, distributors worked down inventory of traditional computing devices. Microsoft's ( MSFT ) much-anticipated Windows 8 has been slow to take off because of the radical changes to the OS.
Revenue by Segment
The PC Client segment generated 63% of revenue in the last quarter down both sequentially and year over year due to the PC market concerns outlined above. This impacted volumes, which were down 4% and 6%, respectively from the previous and year-ago quarters. The average selling price (ASP) improved 2% on a sequential basis while remaining flat with the year-ago quarter.
Intel doesn't expect further reduction in prices, channel inventories appear lean and new products are poised to gain momentum. Therefore, 2013 should shape up better than 2012. Low penetration and a growing per capita income are increasing the popularity of computing devices in emerging markets, especially the BRIC countries, which is a longer-term driver for Intel.
Data Center was the second largest group with a 21% revenue share. Segment revenue was up 6.6% sequentially and 4.2% year over year. Intel continues to gain from the growing importance of cloud computing and its own new products. As a result, the company was able to generate ASP growth of 8% on a sequential basis and 5% on a year-over-year. Economic factors were responsible for sluggish volumes, although Intel remains well positioned in both storage and networking.
The secular growth drivers here are increasing Internet usage by consumers all over the world and the ongoing move towards virtualization and cloud computing. The high performance computing (HPC) segment is the fastest-growing segment within Intel's data center business.
The Other Intel Architecture segment generated less than 8% of Intel's revenue in the last quarter, declining 13.5% sequentially and declining 7.0% from last year.
The Software and Services segment contributed nearly 5% of total revenue, up 8.2% sequentially and 10.0% from last year. In addition to discrete sales, Intel is taking an integrated approach to McAfee's storage solutions, with the intention of further differentiating its products.
The Other segment generated around 3% of revenue, up 20.2% sequentially and 9.2% from the year-ago quarter.
Intel did not provide additional color on its revenue distribution by geography.
Margins
The pro forma gross margin for the quarter was 59.0%, down 530 basis points (bps) sequentially and 643 bps year over year, better than the guidance of 58% at the mid-point. This was because of a lower utilization rate, Haswell inventory write-down (products that were not qualified) and lower volumes in the PC Client and Data Center segments as offset by a slightly higher ASP.
Operating expenses of $4.6 billion were flat sequentially. The operating margin was 25.0%, down 516 bps sequentially and 964 bps year over year. The lower gross margin and high R&D as a percentage of sales impacted both comparisons. SG&A actually declined slightly on a sequential basis, while increasing slightly from last year.
The operating margins by segment were as follows: PC Client 33.1% (down 554 bps sequentially), Data Center 47.0% (up 129 bps), Other Intel Architecture -48.6% (down 2,866 bps) and Software and Services -5.7% (down 634 bps). Operating margins declined significantly on a year-over-year basis across all major segments.
The pro forma net income was $2.5 billion, or 18.9% of sales, compared to $3.1 billion, or 23.1% in the previous quarter and $3.5 billion or 25.3% in the comparable prior-year quarter. One-time items included intangibles amortization expenses on a tax-adjusted basis. Accordingly, the fully diluted GAAP net income was $2.5 billion, or 48 cents a share compared to $3.0 billion, or 58 cents per share in the previous quarter and $3.4 billion, or 64 cents in the year-ago quarter.
Balance Sheet
Inventories dropped 11.0% sequentially and annualized inventory turns moving from 3.6X to 4.7X. Days sales outstanding (DSOs) went from 27 to around 26. The cash, marketable securities and fixed income trading asset balance at quarter-end was $18.2 billion, up $7.7 billion during the quarter.
Intel has $13.1 billion in long-term debt and $312 million in short-term debt, resulting in a net cash balance of $4.7 billion. Cash flow from operations was around $6.0 billion. Important usages of cash in the last quarter included $2.50 billion on capex, $1.11 billion on dividends and $1.00 billion on share repurchases.
Guidance
Intel guided to revenue of around $12.7 billion (+/-$500 million), down 5.8% sequentially and 1.6% from the Mar quarter of 2012 (well below consensus estimates of $12.9 billion). The gross margin is expected to be around 58% (+/-2 percentage points). Total operating expenses are expected to come in at around $4.6 billion.
Management also expects to provide for depreciation of around $1.7 billion and intangibles amortization of around $75 million. Other income/expense and equity investments are expected to be -$50 million. Applying the guided annual tax rate of 25%, net income comes to around $2.0 billion or 16.0% of revenue, which would be down from both the previous and year-ago quarters.
Intel currently expects the 2013 gross margin to be around 60%, opex $18.9 billion (+/-$200 million), intangibles amortization $300 million, depreciation $6.8 billion (+/-$100 million) and a tax rate of 25%.The company expects to spend $13.0 billion (+/- $500 million) on capex.
Our Take
Intel's top line numbers for the quarter were in line with normal seasonality and management promised steadier ASPs going forward helped by new products. However, product ramp-up costs will impact the gross margin this year and if end market demand doesn't improve, utilization will also be a factor.
At the same time, Intel intends to step up product development spending to maintain its competitive edge. Therefore, the thing to look for in 2013 is volume. If Intel's new products are able to generate much stronger volumes this year, we may see improved profitability.
For now, the company remains the leading producer of microprocessors for the PC market. Its innovative prowess has ensured that Intel is well ahead of its closest rival Advanced Micro Devices ( AMD ). Therefore what affects it mainly is the market itself. Intel's strategy has been correct here and the company has positioned itself strongly in emerging markets, from where most of the growth is expected to originate in the next few quarters.
Intel has also increased focus on the ultra-mobile, ultra-thin computing segment with its ultrabook concept that has been welcomed by Hewlett Packard ( HPQ ) and Dell ( DELL ), among others. Adoption of new technology is naturally much slower in an uncertain economy and the ultrabook's success has been limited accordingly. But 2013 should see some changes as Haswell ships, possibly bringing Intel's first major success in the mobile segment.
Until this happens, tablets from Apple ( AAPL ) and others that run on ARM devices will continue to cannibalize on notebooks, which have been taking share from desktops. Therefore, Intel's core computing business will remain under pressure.
The enterprise segment has for long been a savior for Intel, but growth rates have slowed down in this segment as well. Intel should however continue to gain from the ongoing move to cloud computing.
Intel continues to display a strong market position, technology lead and solid execution, which should help it through the year. Intel shares therefore carry a Zacks Rank #3 (Hold).
APPLE INC (AAPL): Free Stock Analysis Report
ADV MICRO DEV (AMD): Free Stock Analysis Report
(APPL): ETF Research Reports
DELL INC (DELL): 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
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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Intel has also increased focus on the ultra-mobile, ultra-thin computing segment with its ultrabook concept that has been welcomed by Hewlett Packard ( HPQ ) and Dell ( DELL ), among others. APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report (APPL): ETF Research Reports DELL INC (DELL): 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 To read this article on Zacks.com click here. Weaker-than-expected PC demand stemming from tablet cannibalization and restrained consumer buying due to tighter budgets continued in the last quarter.
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APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report (APPL): ETF Research Reports DELL INC (DELL): 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 To read this article on Zacks.com click here. Intel has also increased focus on the ultra-mobile, ultra-thin computing segment with its ultrabook concept that has been welcomed by Hewlett Packard ( HPQ ) and Dell ( DELL ), among others. The operating margins by segment were as follows: PC Client 33.1% (down 554 bps sequentially), Data Center 47.0% (up 129 bps), Other Intel Architecture -48.6% (down 2,866 bps) and Software and Services -5.7% (down 634 bps).
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APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report (APPL): ETF Research Reports DELL INC (DELL): 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 To read this article on Zacks.com click here. Intel has also increased focus on the ultra-mobile, ultra-thin computing segment with its ultrabook concept that has been welcomed by Hewlett Packard ( HPQ ) and Dell ( DELL ), among others. The Other Intel Architecture segment generated less than 8% of Intel's revenue in the last quarter, declining 13.5% sequentially and declining 7.0% from last year.
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Intel has also increased focus on the ultra-mobile, ultra-thin computing segment with its ultrabook concept that has been welcomed by Hewlett Packard ( HPQ ) and Dell ( DELL ), among others. APPLE INC (AAPL): Free Stock Analysis Report ADV MICRO DEV (AMD): Free Stock Analysis Report (APPL): ETF Research Reports DELL INC (DELL): 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 To read this article on Zacks.com click here. Revenue Intel's reported revenue was $13.5 billion, within the guidance range of $$13.6 billion (+/-$500 million).
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aa19f327-99fa-4d46-b7e2-4593c8ed2d0d
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726556.0
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2013-01-18 00:00:00 UTC
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Microsoft, Asustek in Licensing Talks - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/microsoft-asustek-in-licensing-talks-analyst-blog-2013-01-18
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nan
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nan
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Taiwanese computer-maker Asustek Computer is contemplating the use of Windows 8 from the world's largest software maker Microsoft Corp. ( MSFT ).
If there is a successful negotiation, Microsoft's latest OS would find another growth avenue in the Asian market. Windows 8 will be used in Asustek's Padfone, which is combination of a smartphone and tablet.
Asustek Computer Inc. was founded in 1989. Its vast product portfolio includes desktops, laptops, mobile phones, monitors, motherboards, servers, tablet PCs and video cards. In terms of PC sales, it lags Hewlett-Packard Co. ( HPQ ), Lenovo, Dell Inc. ( DELL ) and Acer. It also manufactures Nexus 7, a tablet range from the search engine giant Google Inc. ( GOOG ).
Asus will sell its second generation Padfone in the Chinese markets at a steep price tag of $686. Asus's Padfone will directly compete with Apple Inc. 's ( AAPL ) iPhone 5 and Samsung's Galaxy Note. Currently, the hybrid versions of the smartphone-tablet have seen mixed success with IHS iSuppli, an independent market research firm, expecting 60.4 million units to ship this year, a 136% jump from last year's shipment of 25.6 million units. China is one of the largest markets for mobile devices and growth rates are expected to be very strong here.
The PC makers are currently changing their business strategy, as PC sales are showing no sign of recovery. Consumers have changed their preferences from PCs or desktops to smartphones or tablets. As per marker research firm IDC, the global PC market contracted 8.6% year over year in the third quarter of 2012. However, the smartphone market saw a 2.4% jump in the same period with 444.5 million units of smartphones shipping worldwide.
Microsoft claims that it has sold 60.0 million Windows 8 licenses , will behind market leader Android. According to Gartner, Android made up 72.0% of the smartphone sales in the third quarter of 2012. However, with Nokia commanding 19.2% of the market share coupled with success of its Lumia range of models, Microsoft's Windows based OS can see some upside.
IDC is expecting that Windows-based phones may become the fastest growing smartphone OS as it is projected to jump from 2.6% in 2012 to 11.4% in 2016.
Currently, just like other PC makers, Microsoft is also battling the slump in the PC market caused by the sluggish economy. In addition, the popularity of tablets from Apple and Google have been cannibalizing PC market sales, leading to further deterioration of the scenario. Whether Microsoft sees notable success this year remains. The success of the licensing deal with Asustek can open up further such licensing deals with other PC manufacturers for Microsoft in the future.
Microsoft reported revenue, excluding deferrals, of $16.01 billion in the first quarter of fiscal 2013, down 11.4% sequentially and 7.9% from the year-ago period. Revenues also missed the Zacks Consensus Estimate by 2.5%.
Microsoft 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
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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In terms of PC sales, it lags Hewlett-Packard Co. ( HPQ ), Lenovo, Dell Inc. ( DELL ) and Acer. 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 MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Taiwanese computer-maker Asustek Computer is contemplating the use of Windows 8 from the world's largest software maker Microsoft Corp. ( MSFT ).
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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 MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. In terms of PC sales, it lags Hewlett-Packard Co. ( HPQ ), Lenovo, Dell Inc. ( DELL ) and Acer. Currently, the hybrid versions of the smartphone-tablet have seen mixed success with IHS iSuppli, an independent market research firm, expecting 60.4 million units to ship this year, a 136% jump from last year's shipment of 25.6 million units.
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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 MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. In terms of PC sales, it lags Hewlett-Packard Co. ( HPQ ), Lenovo, Dell Inc. ( DELL ) and Acer. Currently, the hybrid versions of the smartphone-tablet have seen mixed success with IHS iSuppli, an independent market research firm, expecting 60.4 million units to ship this year, a 136% jump from last year's shipment of 25.6 million units.
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In terms of PC sales, it lags Hewlett-Packard Co. ( HPQ ), Lenovo, Dell Inc. ( DELL ) and Acer. 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 MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Windows 8 will be used in Asustek's Padfone, which is combination of a smartphone and tablet.
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ae743229-04d9-4985-9813-5e3f83536770
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726557.0
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2013-01-17 00:00:00 UTC
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Who Wins and Who Loses If Dell Is Taken Private
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DELL
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https://www.nasdaq.com/articles/who-wins-and-who-loses-if-dell-taken-private-2013-01-17
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nan
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nan
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Dell Inc. ( DELL ) is a hotly contested stock, with investors volleying back and forth whether it is a value or a value trap. If, as rumored, a private equity firm takes the PC-maker private, neither side actually wins per se, though some Gurus will make out better than others. Mere rumor of a private-equity buyout has lunged Dell's share price about 18% this week to $12.84 a share in afternoon trading. Private-equity buyout offers often occur when a stock is being undervalued by the market, a view in line with several Gurus who bought Dell at cut prices.
Bill Nygren wrote in his July 2012 Oakmark Fund Commentary :
"Today we are focused on the growth of Dell's non-PC businesses, whereas investors are worried about declining sales of PCs, a division we don't think we are even paying for. In each case, if we are right, the fundamentals will force investors to reevaluate their prejudices, and we will profit from the repricing of the stock."
Mason Hawkins in a 2012 presentation commented:
"Summary: Of everything they own, they measure on the intrinsic value of the business, and on that front Dell ( DELL ) has blown away all expectations. 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 ( IBM ) for small and medium-sized businesses, domestically and globally. It sells for cheaper multiples than IBM and we believe it will outgrow IBM in the next decade. "
Several Gurus who found the company undervalued, however, bought too early. Dell's stock plunged to under $10 per share at the end of December, before the surge to today's $12.82. Wallace Weitz for instance paid on average $13.16 for a piece his shares since 2008, which he began buying before 2008.
Mason Hawkins may have a harder time profiting. The largest Guru holder of the company, his Southeastern Asset Management paid $14.83 per share on average since 2008 for his more than 130 million shares, or enormous 7.5% stake in the company. He also began building his holding before 2008.
Before 2008, Dell's stock price soared into the $20s and $30s, meaning if the investors bought the majority of their positions at those prices, the private equity company's buyout price will have to be that high or higher for them to make a profit. If it is lower, such investors could face permanent capital loss.
Prem Watsa's situation is similar, but he bought the majority of his stake after 2008, though his average purchase price is still $14.30 per share. Recently, theFairfax Financial investor made another large investment in troubled technology company Research In Motion ( RIMM ), whose turnaround he is expecting to take time.
Gurus who bought into Dell more recently, when the price fell to near-decade lows, may have chosen the best timing. Michael Price for instance purchased a parcel of shares in the second and third quarter of 2012 for $13 per share on average.
Likewise, Brian Rogers bought 14 million shares at the same time for the same average price. Other Gurus who bought shares in the second and third quarter include Ray Dalio, Tom Gayner and Dodge & Cox.
Gurus who completely exited their positions in the stock of course have no chance of profiting if the purchase price is higher than theirs, but also no risk of permanent loss if it's not. Notably, David Einhorn lost hope and money with Dell shortly after purchasing 14.1 million shares for an average of $15.35 in the fourth quarter of 2011.
In his second quarter 2012 letter he wrote:
"Dell ( DELL ) proved to be a disappointment. We had thought that the growth in the non-PC business would be enough to offset the deterioration in the PC business. The non-PC growth was smaller than we'd hoped and the PC deterioration was worse than we'd anticipated. While DELL has a good balance sheet, it appears likely that management will try to use much of the cash to try to buy its way into better businesses. At a minimum, this will erode some of the value cushion that the cash balance creates. We exited with a loss."
Though Dell grew its top line at a rate of 10.6% annually for the past ten years, weaker PC sales are hobbling business. In its fiscal third quarter 2013, the company reported an 11% year-over-year drop in revenue to $13.7 billion, on slower desktop and mobility sales.
To offset the trend, Dell has been shifting its business to more service and storage offerings and making acquisitions. It bought Quest Software and two other companies in the past several quarters.
There is no word yet on whether a deal will officially take place. Private-equity investor and Guru Wilbur Ross told CNBC on Tuesday that the buyout had a "50-50 chance" of taking place.
Follow your favorite Gurus closely with GuruFocus' Premium Membership! If you are not a Premium Member, we invite you for a 7-Day Free Trial.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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Bill Nygren wrote in his July 2012 Oakmark Fund Commentary : "Today we are focused on the growth of Dell's non-PC businesses, whereas investors are worried about declining sales of PCs, a division we don't think we are even paying for. Though Dell grew its top line at a rate of 10.6% annually for the past ten years, weaker PC sales are hobbling business. Dell Inc. ( DELL ) is a hotly contested stock, with investors volleying back and forth whether it is a value or a value trap.
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Bill Nygren wrote in his July 2012 Oakmark Fund Commentary : "Today we are focused on the growth of Dell's non-PC businesses, whereas investors are worried about declining sales of PCs, a division we don't think we are even paying for. Before 2008, Dell's stock price soared into the $20s and $30s, meaning if the investors bought the majority of their positions at those prices, the private equity company's buyout price will have to be that high or higher for them to make a profit. Dell Inc. ( DELL ) is a hotly contested stock, with investors volleying back and forth whether it is a value or a value trap.
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Private-equity buyout offers often occur when a stock is being undervalued by the market, a view in line with several Gurus who bought Dell at cut prices. Bill Nygren wrote in his July 2012 Oakmark Fund Commentary : "Today we are focused on the growth of Dell's non-PC businesses, whereas investors are worried about declining sales of PCs, a division we don't think we are even paying for. Before 2008, Dell's stock price soared into the $20s and $30s, meaning if the investors bought the majority of their positions at those prices, the private equity company's buyout price will have to be that high or higher for them to make a profit.
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Private-equity buyout offers often occur when a stock is being undervalued by the market, a view in line with several Gurus who bought Dell at cut prices. Dell Inc. ( DELL ) is a hotly contested stock, with investors volleying back and forth whether it is a value or a value trap. Mere rumor of a private-equity buyout has lunged Dell's share price about 18% this week to $12.84 a share in afternoon trading.
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3e946f3e-abd3-4c28-9607-c89da63558ea
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726558.0
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2013-01-17 00:00:00 UTC
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After Hours Most Active for Jan 17, 2013 : HOV, INTC, QQQ, GM, DRE, NOK, MSFT, ARCT, BAC, NTAP, COF, DELL
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-jan-17-2013-hov-intc-qqq-gm-dre-nok-msft-arct-bac-ntap-cof-dell
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -6.77 to 2,740.38. The total After hours volume is currently 33,930,161 shares traded.
The following are the most active stocks for the after hours session :
Hovnanian Enterprises Inc ( HOV ) is -0.1804 at $5.77, with 13,181,906 shares traded. HOV's current last sale is 144.24% of the target price of $4.
Intel Corporation ( INTC ) is -0.68 at $22.00, with 12,750,650 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.53. RTT News Reports: Intel Q4 Profit Declines - Quick Facts
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.1 at $67.12, with 1,482,076 shares traded. This represents a 14.75% increase from its 52 Week Low.
General Motors Company ( GM ) is +0.05 at $29.54, with 1,341,978 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.77. As reported by Zacks, the current mean recommendation for GM is in the "buy range".
Duke Realty Corporation ( DRE ) is unchanged at $15.04, with 1,068,454 shares traded. DRE's current last sale is 94% of the target price of $16.
Nokia Corporation ( NOK ) is -0.02 at $4.51, with 1,033,370 shares traded. Over the last four weeks they have had 9 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $0. NOK is scheduled to provide an earnings report on 1/24/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0 per share, which represents a 8 percent increase over the EPS one Year Ago
Microsoft Corporation ( MSFT ) is -0.15 at $27.10, with 965,994 shares traded.MSFT is scheduled to provide an earnings report on 1/24/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.76 per share, which represents a 78 percent increase over the EPS one Year Ago
American Realty Capital Trust, Inc. ( ARCT ) is unchanged at $12.97, with 907,973 shares traded., following a 52-week high recorded in today's regular session.
Bank of America Corporation ( BAC ) is -0.01 at $11.27, with 886,803 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.21. RTT News Reports: Stocks Seeing Further Upside In Mid-Afternoon Trading - U.S. Commentary
NetApp, Inc. ( NTAP ) is -0.11 at $34.36, with 827,098 shares traded. NTAP's current last sale is 95.44% of the target price of $36.
Capital One Financial Corporation ( COF ) is -3.83 at $57.76, with 746,122 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 $1.75. RTT News Reports: Capital One Financial Q4 Profit Rises - Quick Facts
Dell Inc. ( DELL ) is unchanged at $12.82, with 675,305 shares traded. DELL's current last sale is 102.56% of the target price of $12.5.
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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RTT News Reports: Capital One Financial Q4 Profit Rises - Quick Facts Dell Inc. ( DELL ) is unchanged at $12.82, with 675,305 shares traded. DELL's current last sale is 102.56% of the target price of $12.5. The following are the most active stocks for the after hours session : Hovnanian Enterprises Inc ( HOV ) is -0.1804 at $5.77, with 13,181,906 shares traded.
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RTT News Reports: Capital One Financial Q4 Profit Rises - Quick Facts Dell Inc. ( DELL ) is unchanged at $12.82, with 675,305 shares traded. DELL's current last sale is 102.56% of the target price of $12.5. RTT News Reports: Intel Q4 Profit Declines - Quick Facts PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.1 at $67.12, with 1,482,076 shares traded.
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RTT News Reports: Capital One Financial Q4 Profit Rises - Quick Facts Dell Inc. ( DELL ) is unchanged at $12.82, with 675,305 shares traded. DELL's current last sale is 102.56% of the target price of $12.5. The consensus earnings per share forecast is 0 per share, which represents a 8 percent increase over the EPS one Year Ago Microsoft Corporation ( MSFT ) is -0.15 at $27.10, with 965,994 shares traded.MSFT is scheduled to provide an earnings report on 1/24/2013, for the fiscal quarter ending Dec2012.
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RTT News Reports: Capital One Financial Q4 Profit Rises - Quick Facts Dell Inc. ( DELL ) is unchanged at $12.82, with 675,305 shares traded. DELL's current last sale is 102.56% of the target price of $12.5. The NASDAQ 100 After Hours Indicator is down -6.77 to 2,740.38.
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aa0d6572-5ca7-48e5-8b55-2475d24f96dc
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726559.0
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2013-01-17 00:00:00 UTC
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Apple Underperforming Biggest Rivals
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DELL
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https://www.nasdaq.com/articles/apple-underperforming-biggest-rivals-2013-01-17
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nan
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nan
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Over the last few months, Apple (NASDAQ: AAPL ) has -- to put it lightly -- been disappointing to those with $1000 price targets. Along with it, the NASDAQ 100 has not been in a similar slump. But recently, the technology market has broken its correlation with Apple.
The NASDAQ 100 ETF (NYSE: QQQ ) once had a near near one-to-one correlation with Apple.
(A correlation coefficient quantifies the severity of a relationship. A figure above zero indicates a positive relationship, while a negative figure describes an inverse relationship.)
QQQ and AAPL had a near 0.91 correlation coefficient from mid-August until December. This relationship started to fade after December 3, 2012. The QQQ stood strong in the face of a deteriorating Apple.
It is an interesting exercise to see how Apple's competition faired during this decline.
One can create a hypothetical "anti-Apple" index. An index composed of Research in Motion (NASDAQ: RIMM ), Dell (NASDAQ: DELL ), Amazon (NASDAQ: AMZN ), Hewlett-Packard (NYSE: HPQ ), and Microsoft (NASDAQ: MSFT ). Each at a 20 percent weight.
From mid-September of 2012 until November of 2012, Apple and this concocted Anti-Apple index both sold off in similar stride. This time period was when Apple fell from $700 to $536. Apple fell 26 percent and the Anti-Apple index fell 15 percent, but this correlation was short lived.
Both found a similar short-term bottom on November 16 2012, but this is where it gets interesting.
After a 'dead cat bounce' the two started to diverge. The chart below displays this. Apple started to fall and Apple's competition started to rally. Apple is down 18 percent and the Anti-Apple index is up roughly 11 percent from the top of the each "dead cat bounce."
The action after the bounce of the September/November sell-off can be explained a few ways.
This divergence could be a function of portfolio and risk management. Most long-term investors in Apple have great gains and these profits could have been shifted around in order to protect and preserve capital.
Diversifying away from Apple and into other technology is one way to do this. The valuations of firms that compete with Apple seem low, because they have been dominated by Apple. This may be the new norm, for technology may soon become another low margin commodity business with low PE multiples.
Follow me: @Mark_Benzinga
Stock chart:
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything 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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An index composed of Research in Motion (NASDAQ: RIMM ), Dell (NASDAQ: DELL ), Amazon (NASDAQ: AMZN ), Hewlett-Packard (NYSE: HPQ ), and Microsoft (NASDAQ: MSFT ). Over the last few months, Apple (NASDAQ: AAPL ) has -- to put it lightly -- been disappointing to those with $1000 price targets. From mid-September of 2012 until November of 2012, Apple and this concocted Anti-Apple index both sold off in similar stride.
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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. An index composed of Research in Motion (NASDAQ: RIMM ), Dell (NASDAQ: DELL ), Amazon (NASDAQ: AMZN ), Hewlett-Packard (NYSE: HPQ ), and Microsoft (NASDAQ: MSFT ). Apple fell 26 percent and the Anti-Apple index fell 15 percent, but this correlation was short lived.
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An index composed of Research in Motion (NASDAQ: RIMM ), Dell (NASDAQ: DELL ), Amazon (NASDAQ: AMZN ), Hewlett-Packard (NYSE: HPQ ), and Microsoft (NASDAQ: MSFT ). Apple fell 26 percent and the Anti-Apple index fell 15 percent, but this correlation was short lived. Apple started to fall and Apple's competition started to rally.
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An index composed of Research in Motion (NASDAQ: RIMM ), Dell (NASDAQ: DELL ), Amazon (NASDAQ: AMZN ), Hewlett-Packard (NYSE: HPQ ), and Microsoft (NASDAQ: MSFT ). This relationship started to fade after December 3, 2012. Apple fell 26 percent and the Anti-Apple index fell 15 percent, but this correlation was short lived.
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504de2a0-6d57-417e-9988-987109d7092b
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726560.0
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2013-01-17 00:00:00 UTC
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More Bad News for Dell, Hewlett-Packard and Sony
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DELL
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https://www.nasdaq.com/articles/more-bad-news-dell-hewlett-packard-and-sony-2013-01-17
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nan
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nan
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Roughly 24 hours ago DigiTimes reported that Hewlett-Packard (NYSE: HPQ ) and Lenovo were expecting notebook shipments to fall 20 percent in the first quarter. Now the Taiwanese publication is reporting that all Taiwan-based ODMs (original design manufacturers) expect to see decreased notebook shipments during the same period. Taiwan-based ODMs account for nearly 90 percent of the global market. They expect to ship 38.743 million notebooks in the first quarter. This is an 11.3 percent decrease sequentially and an 8.7 percent decrease on year.
The medium-sized (15-inch) notebooks are expected to lead the charge with 39.9 percent of the shipments. The biggest notebooks -- measured at 16 inches or larger -- will only account for 5.5 percent. (This would explain why Apple (NASDAQ: AAPL ) discontinued the 17-inch MacBook Pro.)
Consumers are also expected to be hungry for notebooks with 14-inch displays, as they will account for 34.6 percent of the shipments. The next size down will only account for 11.1 percent, however, which is interesting considering the popularity of the 13-inch MacBook Air. This suggests that while Mac users are very interested in 13-inch notebooks, Windows users are not.
Only 2.7 percent of the shipments will be dedicated 12-inch notebooks, while 6.2 percent of them are expected to be smaller than 12 inches.
Despite Hewlett-Packard's recent declines, the PC maker reclaimed the top spot as the world's largest PC maker. The company had previously lost that title when Lenovo increased its sales late last year.
If DigiTimes' shipment estimates are accurate, Hewlett-Packard may be able to maintain its lead. The publication expects the HP Pavilion maker to account for 17.8 percent of the first-quarter shipments. Lenovo will account for 15.4 percent, while Dell (NASDAQ: DELL ) will ship 12.4 percent of the machines.
Samsung -- which produces the Chromebook and Chromebox for Google (NASDAQ: GOOG ) -- is only expected to ship 1.8 percent of the nearly 39 million notebooks going out this quarter. Sony's (NYSE: SNE ) shipment numbers are a bit more respectable at 4.3 percent, but they are only a fraction of Hewlett-Packard's expected shipments.
Thus far, Hewlett-Packard has performed very well in 2013, rising more than 14 percent year-to-date.
Riding high on rumors that the company is going private , Dell rose 18 percent this year.
Sony, which manufactures a multitude of electronics beyond notebooks and desktop PCs, is down more than two percent year-to-date.
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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Lenovo will account for 15.4 percent, while Dell (NASDAQ: DELL ) will ship 12.4 percent of the machines. Riding high on rumors that the company is going private , Dell rose 18 percent this year. Roughly 24 hours ago DigiTimes reported that Hewlett-Packard (NYSE: HPQ ) and Lenovo were expecting notebook shipments to fall 20 percent in the first quarter.
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Lenovo will account for 15.4 percent, while Dell (NASDAQ: DELL ) will ship 12.4 percent of the machines. Riding high on rumors that the company is going private , Dell rose 18 percent this year. Roughly 24 hours ago DigiTimes reported that Hewlett-Packard (NYSE: HPQ ) and Lenovo were expecting notebook shipments to fall 20 percent in the first quarter.
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Lenovo will account for 15.4 percent, while Dell (NASDAQ: DELL ) will ship 12.4 percent of the machines. Riding high on rumors that the company is going private , Dell rose 18 percent this year. Roughly 24 hours ago DigiTimes reported that Hewlett-Packard (NYSE: HPQ ) and Lenovo were expecting notebook shipments to fall 20 percent in the first quarter.
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Lenovo will account for 15.4 percent, while Dell (NASDAQ: DELL ) will ship 12.4 percent of the machines. Riding high on rumors that the company is going private , Dell rose 18 percent this year. Now the Taiwanese publication is reporting that all Taiwan-based ODMs (original design manufacturers) expect to see decreased notebook shipments during the same period.
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11e83f19-5aa6-4b35-9a63-ca839955cc1e
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726561.0
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2013-01-17 00:00:00 UTC
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Pre-Market Most Active for Jan 17, 2013 : BAC, KSWS, C, MT, CBS, ASML, SNE, NOK, EBAY, FB, DELL, QQQ
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-jan-17-2013-bac-ksws-c-mt-cbs-asml-sne-nok-ebay-fb-dell-qqq-2013-01
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 5.19 to 2,739.92. The total Pre-Market volume is currently 7,114,599 shares traded.
The following are the most active stocks for the pre-market session :
Bank of America Corporation ( BAC ) is -0.13 at $11.65, with 10,307,166 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.21. RTT News Reports: Bank Of America Q4 Earnings Top Estimates, But Revenues Miss
K-Swiss Inc. ( KSWS ) is +1.53 at $4.72, with 3,973,840 shares traded. As reported in the last short interest update the days to cover for KSWS is 25.157681; this calculation is based on the average trading volume of the stock.
Citigroup Inc. ( C ) is -1.18 at $41.30, with 3,269,653 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $1.16. RTT News Reports: Citi Q4 Profit Climbs - Quick Facts
ArcelorMittal ( MT ) is +0.28 at $17.20, with 1,420,960 shares traded. As reported by Zacks, the current mean recommendation for MT is in the "buy range".
CBS Corporation ( CBS ) is +3.61 at $41.55, with 1,207,898 shares traded. As reported by Zacks, the current mean recommendation for CBS is in the "buy range".
ASML Holding N.V. ( ASML ) is +0.78 at $64.60, with 828,779 shares traded. RTT News Reports: Wall Street Prefers To Stay Defensive
Sony Corp Ord ( SNE ) is +0.35 at $11.55, with 528,252 shares traded. SNE's current last sale is 99.31% of the target price of $11.63.
Nokia Corporation ( NOK ) is +0.03 at $4.60, with 480,494 shares traded. Over the last four weeks they have had 9 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $0. NOK is scheduled to provide an earnings report on 1/24/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0 per share, which represents a 8 percent increase over the EPS one Year Ago
eBay Inc. ( EBAY ) is +1.51 at $54.41, with 320,358 shares traded. As reported by Zacks, the current mean recommendation for EBAY is in the "buy range".
Facebook, Inc. ( FB ) is +0.15 at $30.00, with 244,612 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $0.11. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Dell Inc. ( DELL ) is +0.17 at $12.78, with 207,224 shares traded. DELL's current last sale is 102.24% of the target price of $12.5.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.28 at $67.18, with 190,824 shares traded. This represents a 14.86% 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 +0.17 at $12.78, with 207,224 shares traded. DELL's current last sale is 102.24% of the target price of $12.5. RTT News Reports: Bank Of America Q4 Earnings Top Estimates, But Revenues Miss K-Swiss Inc. ( KSWS ) is +1.53 at $4.72, with 3,973,840 shares traded.
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Dell Inc. ( DELL ) is +0.17 at $12.78, with 207,224 shares traded. DELL's current last sale is 102.24% of the target price of $12.5. RTT News Reports: Bank Of America Q4 Earnings Top Estimates, But Revenues Miss K-Swiss Inc. ( KSWS ) is +1.53 at $4.72, with 3,973,840 shares traded.
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Dell Inc. ( DELL ) is +0.17 at $12.78, with 207,224 shares traded. DELL's current last sale is 102.24% of the target price of $12.5. RTT News Reports: Bank Of America Q4 Earnings Top Estimates, But Revenues Miss K-Swiss Inc. ( KSWS ) is +1.53 at $4.72, with 3,973,840 shares traded.
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Dell Inc. ( DELL ) is +0.17 at $12.78, with 207,224 shares traded. DELL's current last sale is 102.24% of the target price of $12.5. The NASDAQ 100 Pre-Market Indicator is up 5.19 to 2,739.92.
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a3b1f958-3837-4540-b859-1360eb8e7f4c
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726562.0
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2013-01-16 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-2013-01-16
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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.
JP Morgan (JPM): Almost 12,000 February 46 calls traded, mostly for $0.86 to $1.20, as investors positioned for upside in the bank. JPM rose 0.52 percent to $46.59.
Focus Media (FMCN): Some 9,000 January 26 calls were purchased for $0.10 as investors look for upside in the share price. FMCN rose 0.42 percent to $25.84.
Dell (DELL): Almost 12,000 August 14 calls were bought for $0.34 as investors look for the computer maker to keep climbing. DELL declined 3.99 percent to $12.65.
ARM Holdings (ARMH): An investor sold 9,467 January 41 puts for $0.80 and rolled the position to the February 38 puts, paying a net $0.10 and gaining an additional month of downside protection. ARMH rose 0.12 percent to $40.58.
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): Almost 12,000 August 14 calls were bought for $0.34 as investors look for the computer maker to keep climbing. DELL declined 3.99 percent to $12.65. 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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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): Almost 12,000 August 14 calls were bought for $0.34 as investors look for the computer maker to keep climbing. DELL declined 3.99 percent to $12.65.
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Dell (DELL): Almost 12,000 August 14 calls were bought for $0.34 as investors look for the computer maker to keep climbing. DELL declined 3.99 percent to $12.65. JP Morgan (JPM): Almost 12,000 February 46 calls traded, mostly for $0.86 to $1.20, as investors positioned for upside in the bank.
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DELL declined 3.99 percent to $12.65. Dell (DELL): Almost 12,000 August 14 calls were bought for $0.34 as investors look for the computer maker to keep climbing. FMCN rose 0.42 percent to $25.84.
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24267989-e3f7-462c-afbb-07f05062e338
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726563.0
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2013-01-16 00:00:00 UTC
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Should You Sell Dell Now?
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DELL
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https://www.nasdaq.com/articles/should-you-sell-dell-now-2013-01-16
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nan
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nan
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By Greg Jensen
The market has been all worked up about reports that Dell (DELL) may be taken private. The stock jumped on the news (or is it rumor?) but is retracing a little from highs as I write. It is possible that you read this piece back in November, took my advice, and were already long DELL. If so, congratulations, but should you ride the wave or sell now?
The 6-month chart above shows the extent to which the stock has recovered from those November lows but obviously, with news of a possible deal breaking, technical analysis is of little use. It would appear that the chances of a deal, and if so at what price, are the most important questions here.
One thing is evident. The chances of a deal are lower now than they were on Friday, and probably much lower than they were when the reported talks started. At around $9.00 DELL looked cheap; at over $12.00, not so much. Of course there are other factors that affect the viability of a proposed leveraged buyout (LBO) for a private equity firm, including cash flow to service the debt that will be taken on and the value of separate pieces of the company. It may yet happen, given these criteria, but if you own the stock you should be asking a different question. If the deal falls through, what happens then?
The only logical answer is a collapse in the stock price. Not just to the levels before the news but maybe back to those November lows or beyond. Rumor based optimism is a fragile thing. The market can be expected to overreact to the bad news, just as it probably has to the good.
Whether you did pick up stock near the bottom or have been hanging on, watching the fall and waiting for a chance to cut, there are lessons to be learned about how to judge a position after a significant move. Where you own it is no longer relevant. It now becomes a new risk/reward calculation. Now that word of the talks is out, things have changed. The price of DELL has risen significantly, around 30% from those November lows. Assuming that, as reported, talks got serious at the end of last year, it is reasonable to assume that that was because of valuation. It certainly wasn’t as a result of better earnings. That valuation dynamic has now changed, naturally limiting the upside from here, while increasing the potential downside.
If you believe me that lack of a deal would see a drop back to around $9, then we are looking at a downside of around 28%, based on a current price around $12.60. The same percentage to the upside would give a tender price of over $16.00. I guess that is possible but, given around a 50% chance of a deal being worked out, that results in a coin flip. Contrary to the popular misconception, successful investors and traders are not usually die-hard gamblers. They look for situations where the odds are in their favor, rather than just hoping for the best.
If you agreed with me in November, you weren’t looking for a sudden surge in the price of DELL. You were looking for a gradual improvement in earnings and outlook. Back then, you probably would have taken a 30% profit. You should take it now.
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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By Greg Jensen The market has been all worked up about reports that Dell (DELL) may be taken private. It is possible that you read this piece back in November, took my advice, and were already long DELL. At around $9.00 DELL looked cheap; at over $12.00, not so much.
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By Greg Jensen The market has been all worked up about reports that Dell (DELL) may be taken private. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. It is possible that you read this piece back in November, took my advice, and were already long DELL.
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The price of DELL has risen significantly, around 30% from those November lows. By Greg Jensen The market has been all worked up about reports that Dell (DELL) may be taken private. It is possible that you read this piece back in November, took my advice, and were already long DELL.
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The price of DELL has risen significantly, around 30% from those November lows. By Greg Jensen The market has been all worked up about reports that Dell (DELL) may be taken private. It is possible that you read this piece back in November, took my advice, and were already long DELL.
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8033423c-6447-4165-ac5f-7f3aa08a1e8a
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726564.0
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2013-01-16 00:00:00 UTC
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Pre-Market Most Active for Jan 16, 2013 : CIE, BAC, QQQ, UBS, DELL, JPM, YHOO, FB, GNW, VOD, GS, AAPL
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-jan-16-2013-cie-bac-qqq-ubs-dell-jpm-yhoo-fb-gnw-vod-gs-aapl-2013
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is up 2.52 to 2,725.5. The total Pre-Market volume is currently 7,015,075 shares traded.
The following are the most active stocks for the pre-market session :
Cobalt International Energy, Inc. ( CIE ) is -1.73 at $25.02, with 2,752,208 shares traded. As reported in the last short interest update the days to cover for CIE is 8.055133; this calculation is based on the average trading volume of the stock.
Bank of America Corporation ( BAC ) is -0.03 at $11.52, with 1,880,175 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.21. BAC is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.02 per share, which represents a 15 percent increase over the EPS one Year Ago
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.05 at $66.58, with 1,775,129 shares traded. This represents a 13.83% increase from its 52 Week Low.
UBS AG ( UBS ) is -0.29 at $17.15, with 1,756,590 shares traded. As reported by Zacks, the current mean recommendation for UBS is in the "buy range".
Dell Inc. ( DELL ) is -0.45 at $12.72, with 1,281,594 shares traded. DELL's current last sale is 101.76% of the target price of $12.5.
J P Morgan Chase & Co ( JPM ) is -0.08 at $46.27, with 1,251,332 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $1.2. RTT News Reports: JP Morgan Q4 Profit Climbs 53% On Higher Revenue, Lower Loan Loss Provisions
Yahoo! Inc. ( YHOO ) is +0.48 at $20.00, with 881,241 shares traded. YHOO's current last sale is 105.26% of the target price of $19.
Facebook, Inc. ( FB ) is +0.1 at $30.20, with 583,733 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $0.11. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Genworth Financial Inc ( GNW ) is +0.57 at $8.70, with 583,151 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $0.23. GNW's current last sale is 108.75% of the target price of $8.
Vodafone Group Plc ( VOD ) is -0.6 at $25.57, with 473,252 shares traded. VOD's current last sale is 82.48% of the target price of $31.
Goldman Sachs Group, Inc. (The) ( GS ) is +3.06 at $138.65, with 431,291 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $3.47. RTT News Reports: Goldman Sachs Q4 Profit Jumps - Quick Facts
Apple Inc. ( AAPL ) is +5.26 at $491.18, with 365,739 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $13.44. AAPL is scheduled to provide an earnings report on 1/23/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 13.44 per share, which represents a 1,387 percent increase over the EPS one Year Ago
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 -0.45 at $12.72, with 1,281,594 shares traded. DELL's current last sale is 101.76% of the target price of $12.5. As reported in the last short interest update the days to cover for CIE is 8.055133; this calculation is based on the average trading volume of the stock.
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Dell Inc. ( DELL ) is -0.45 at $12.72, with 1,281,594 shares traded. DELL's current last sale is 101.76% of the target price of $12.5. The consensus earnings per share forecast is 0.02 per share, which represents a 15 percent increase over the EPS one Year Ago PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.05 at $66.58, with 1,775,129 shares traded.
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Dell Inc. ( DELL ) is -0.45 at $12.72, with 1,281,594 shares traded. DELL's current last sale is 101.76% of the target price of $12.5. The consensus earnings per share forecast is 0.02 per share, which represents a 15 percent increase over the EPS one Year Ago PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.05 at $66.58, with 1,775,129 shares traded.
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Dell Inc. ( DELL ) is -0.45 at $12.72, with 1,281,594 shares traded. DELL's current last sale is 101.76% of the target price of $12.5. BAC is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012.
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2d3da997-86ac-406c-9276-24103222339a
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726565.0
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2013-01-16 00:00:00 UTC
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Market Close Report: NASDAQ trading volume joins the top ten ranking for the year. NASDAQ Composite Index closes at 3,117.54
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DELL
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https://www.nasdaq.com/articles/market-close-report-nasdaq-trading-volume-joins-top-ten-ranking-year-nasdaq-composite-66
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nan
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nan
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Today's session closes with the NASDAQ Composite Index volume reaching the 10th place in the top ten list for this year. The last time the index closed above 0.22 billion shares was on 00 Wed 2013. The total shares traded for the NASDAQ was over 1.65 billion. Declining stocks led advancers by 1.54 to 1 ratio. There were 974 advancers and 1502 decliners for the day. On the NASDAQ Stock Exchange 54 stocks reached a 52 week high and 3 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 up .43% for the day; a total of 11.75 points. The current value is 2,734.73. Dell Inc. ( DELL ) had the largest percent change down (-4.25%) while Apple Inc. ( AAPL ) had the largest percent change gain rising 4.15%.
The Dow Jones index closed down -.17% for the day; a total of -23.66 points. The current value is 13,511.23. Boeing Company (The) ( BA ) had the largest percent change down (-3.38%) while Hewlett-Packard Company ( HPQ ) had the largest percent change gain rising 4.11%.
NASDAQ Market Wrap
As of 1/16/2013 4:44:00 PM
NASDAQ COMPOSITE INDEX 10th VOLUME MILESTONE1.65 billion JOINS 2013TOP TEN 54 STOCKS REACHED A 52 WEEK HIGH 3 THOSE REACHING LOWS TOTALEDApple Inc.[AAPL]TOPS ADVANCERS LISTOF NASDAQ 100 % 4.15 INDEXAAPL 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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Dell Inc. ( DELL ) had the largest percent change down (-4.25%) while Apple Inc. ( AAPL ) had the largest percent change gain rising 4.15%. Today's session closes with the NASDAQ Composite Index volume reaching the 10th place in the top ten list for this year. The Dow Jones index closed down -.17% for the day; a total of -23.66 points.
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Dell Inc. ( DELL ) had the largest percent change down (-4.25%) while Apple Inc. ( AAPL ) had the largest percent change gain rising 4.15%. On the NASDAQ Stock Exchange 54 stocks reached a 52 week high and 3 those reaching lows totaled. NASDAQ Market Wrap As of 1/16/2013 4:44:00 PM NASDAQ COMPOSITE INDEX 10th VOLUME MILESTONE1.65 billion JOINS 2013TOP TEN 54 STOCKS REACHED A 52 WEEK HIGH 3 THOSE REACHING LOWS TOTALEDApple Inc.[AAPL]TOPS ADVANCERS LISTOF NASDAQ 100 % 4.15 INDEXAAPL ROSE 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 ) had the largest percent change down (-4.25%) while Apple Inc. ( AAPL ) had the largest percent change gain rising 4.15%. On the NASDAQ Stock Exchange 54 stocks reached a 52 week high and 3 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.
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Dell Inc. ( DELL ) had the largest percent change down (-4.25%) while Apple Inc. ( AAPL ) had the largest percent change gain rising 4.15%. There were 974 advancers and 1502 decliners for the day. The NASDAQ 100 index closed up .43% for the day; a total of 11.75 points.
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1279a516-4db0-49e5-8b6b-7437033c1ce3
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726566.0
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2013-01-16 00:00:00 UTC
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After Hours Most Active for Jan 16, 2013 : QQQ, EBAY, SWY, BAC, GM, AMGN, PPG, MSFT, MT, DELL, INTC, CBS
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-jan-16-2013-qqq-ebay-swy-bac-gm-amgn-ppg-msft-mt-dell-intc-cbs
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.24 to 2,734.49. The total After hours volume is currently 27,173,318 shares traded.
The following are the most active stocks for the after hours session :
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.01 at $66.89, with 5,538,386 shares traded. This represents a 14.36% increase from its 52 Week Low.
eBay Inc. ( EBAY ) is +0.35 at $53.25, with 3,041,471 shares traded. RTT News Reports: EBay Q4 Profit Falls - Quick Facts
Safeway Inc. ( SWY ) is -0.0503 at $17.72, with 3,016,992 shares traded. As reported in the last short interest update the days to cover for SWY is 20.433499; this calculation is based on the average trading volume of the stock.
Bank of America Corporation ( BAC ) is +0.01 at $11.79, with 1,609,736 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.21. BAC is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.02 per share, which represents a 15 percent increase over the EPS one Year Ago
General Motors Company ( GM ) is -0.07 at $29.24, with 1,377,225 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.77. As reported by Zacks, the current mean recommendation for GM is in the "buy range".
Amgen Inc. ( AMGN ) is -0.32 at $84.00, with 1,248,085 shares traded.AMGN is scheduled to provide an earnings report on 1/23/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 1.43 per share, which represents a 119 percent increase over the EPS one Year Ago
PPG Industries, Inc. ( PPG ) is -0.63 at $138.50, with 877,687 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 $1.7. As reported by Zacks, the current mean recommendation for PPG is in the "buy range".
Microsoft Corporation ( MSFT ) is unchanged at $27.04, with 771,220 shares traded. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
ArcelorMittal ( MT ) is unchanged at $16.92, with 739,241 shares traded. MT's current last sale is 90.46% of the target price of $18.705.
Dell Inc. ( DELL ) is -0.03 at $12.58, with 735,240 shares traded. DELL's current last sale is 100.64% of the target price of $12.5.
Intel Corporation ( INTC ) is -0.02 at $22.09, with 703,694 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $0.53. INTC is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.45 per share, which represents a 64 percent increase over the EPS one Year Ago
CBS Corporation ( CBS ) is +3.26 at $41.20, with 615,039 shares traded. As reported by Zacks, the current mean recommendation for CBS 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 -0.03 at $12.58, with 735,240 shares traded. DELL's current last sale is 100.64% of the target price of $12.5. RTT News Reports: EBay Q4 Profit Falls - Quick Facts Safeway Inc. ( SWY ) is -0.0503 at $17.72, with 3,016,992 shares traded.
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Dell Inc. ( DELL ) is -0.03 at $12.58, with 735,240 shares traded. DELL's current last sale is 100.64% of the target price of $12.5. The consensus earnings per share forecast is 0.02 per share, which represents a 15 percent increase over the EPS one Year Ago General Motors Company ( GM ) is -0.07 at $29.24, with 1,377,225 shares traded.
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Dell Inc. ( DELL ) is -0.03 at $12.58, with 735,240 shares traded. DELL's current last sale is 100.64% of the target price of $12.5. The consensus earnings per share forecast is 0.02 per share, which represents a 15 percent increase over the EPS one Year Ago General Motors Company ( GM ) is -0.07 at $29.24, with 1,377,225 shares traded.
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Dell Inc. ( DELL ) is -0.03 at $12.58, with 735,240 shares traded. DELL's current last sale is 100.64% of the target price of $12.5. The NASDAQ 100 After Hours Indicator is down -.24 to 2,734.49.
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43c76341-b447-47e2-a2f4-9656dc128d99
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726567.0
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2013-01-15 00:00:00 UTC
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After Hours Most Active for Jan 15, 2013 : QQQ, DELL, MTU, TSM, BAC, HCA, WFC, SKM, MSFT, AMGN, YHOO, CSCO
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-jan-15-2013-qqq-dell-mtu-tsm-bac-hca-wfc-skm-msft-amgn-yhoo-csco
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -1.18 to 2,721.8. The total After hours volume is currently 20,172,799 shares traded.
The following are the most active stocks for the after hours session :
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.01 at $66.64, with 3,968,706 shares traded. This represents a 13.93% increase from its 52 Week Low.
Dell Inc. ( DELL ) is -0.04 at $13.13, with 2,506,864 shares traded. DELL's current last sale is 109.42% of the target price of $12.
Mitsubishi UFJ Financial Group Inc ( MTU ) is +0.0086 at $5.45, with 2,291,000 shares traded. As reported by Zacks, the current mean recommendation for MTU is in the "strong buy range".
Taiwan Semiconductor Manufacturing Company Limited ( TSM ) is unchanged at $17.89, with 1,298,971 shares traded.TSM is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.28 per share, which represents a 20 percent increase over the EPS one Year Ago
Bank of America Corporation ( BAC ) is unchanged at $11.55, with 884,305 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.21. BAC is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.02 per share, which represents a 15 percent increase over the EPS one Year Ago
HCA Holdings, Inc. ( HCA ) is -0.08 at $34.91, with 793,950 shares traded., following a 52-week high recorded in today's regular session.
Wells Fargo & Company ( WFC ) is +0.0601 at $35.17, with 624,886 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.87. As reported by Zacks, the current mean recommendation for WFC is in the "buy range".
SK Telecom Corporation, Ltd. ( SKM ) is unchanged at $17.01, with 580,712 shares traded. SKM's current last sale is 156.06% of the target price of $10.9.
Microsoft Corporation ( MSFT ) is +0.02 at $27.23, with 439,217 shares traded. As reported by Zacks, the current mean recommendation for MSFT is in the "buy range".
Amgen Inc. ( AMGN ) is +0.5193 at $85.60, with 387,247 shares traded. AMGN's current last sale is 92.04% of the target price of $93.
Yahoo! Inc. ( YHOO ) is -0.1109 at $19.41, with 347,413 shares traded. YHOO's current last sale is 102.15% of the target price of $19.
Cisco Systems, Inc. ( CSCO ) is -0.045 at $20.94, with 340,151 shares traded. As reported by Zacks, the current mean recommendation for CSCO 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 -0.04 at $13.13, with 2,506,864 shares traded. DELL's current last sale is 109.42% of the target price of $12. Taiwan Semiconductor Manufacturing Company Limited ( TSM ) is unchanged at $17.89, with 1,298,971 shares traded.TSM is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012.
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Dell Inc. ( DELL ) is -0.04 at $13.13, with 2,506,864 shares traded. DELL's current last sale is 109.42% of the target price of $12. Taiwan Semiconductor Manufacturing Company Limited ( TSM ) is unchanged at $17.89, with 1,298,971 shares traded.TSM is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012.
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Dell Inc. ( DELL ) is -0.04 at $13.13, with 2,506,864 shares traded. DELL's current last sale is 109.42% of the target price of $12. Taiwan Semiconductor Manufacturing Company Limited ( TSM ) is unchanged at $17.89, with 1,298,971 shares traded.TSM is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012.
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Dell Inc. ( DELL ) is -0.04 at $13.13, with 2,506,864 shares traded. DELL's current last sale is 109.42% of the target price of $12. The NASDAQ 100 After Hours Indicator is down -1.18 to 2,721.8.
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9e80c67d-4bf3-4558-b1ec-96c6871d8a4d
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726568.0
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2013-01-15 00:00:00 UTC
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Mid-Morning Market Update: Dell Continues to Rise While Lulu Lemon Takes a Hit
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DELL
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https://www.nasdaq.com/articles/mid-morning-market-update-dell-continues-rise-while-lulu-lemon-takes-hit-2013-01-15
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nan
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nan
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Following the market opening Tuesday, the Dow traded down 0.14 percent to 13,488.18 while the NASDAQ fell 0.61 percent to 3,098.18. The S&P also fell, decreasing 0.24 percent to 1,467.25.
Top Headline Dell (NASDAQ: DELL ) continued its rally from Monday in early trading as investor sentiment skyrocketed on the rumour that the company is in talks to go private. While the talks propelled shares higher, skeptics noted that the buyout would be so large it'd be tough even for a consortium of private equity funds.
Equities Trading UP Express (NYSE: EXPR ) traded up 19.13 percent to $16.75 after the company announced that its fourth-quarter comps would come in between unchanged and up one percent, better than the expected decline of single digits. The company also raised its EPS guidance.
Shares of Santarus (NASDAQ: SNTS ) were also up, gaining 9.84 percent to $12.39 after the FDA approved the company's ulcerative colitis drug.
QLogic (NASDAQ: QLGC ) saw a boost as well, rising 7.96 percent to $10.99 after the company's third-quarter report beat the street's expectations.
Equities Trading DOWN Lululemon (NASDAQ: LULU ) fell 7.55 percent to $66.84 after the company issued guidance at the high end of expectations, but not the top that analysts expected. A downgrade at Buckingham Research to Underperform could also have added to the fall.
Atmel (NASDAQ: ATML ) traded down 4.73 percent to $6.64, possibly linked to the fall in Apple's share price.
Shares of PDL BioPharma (NASDAQ: PDLI ) were also down, falling 3.98 percent to $7.13 after the company was downgraded to Underperform at Credit Suisse this morning.
Commodities In commodity news, oil traded down 0.08 percent to $94.06, while gold traded up 0.62 percent to $1,679.70.
Silver traded up 0.15 percent Tuesday to $31.26.
Eurozone European markets remained mixed this morning as traders positioned themselves on a relatively light macro news day. The Spanish Ibex was down 0.36 percent while the Italian MIB index took an opposite stance, rising 0.41 percent.
Economics In economic news, PPI year over year came in at 1.3 percent, below the projected 1.4 percent and the previous release of 1.5 percent, while PPI month over month was reported at -0.2 percent, lower than the anticipated -0.1 percent and the prior report of -0.8 percent.
Retail sales were also reported, coming in at 0.5 percent, above the anticipated 0.2 percent and the previous figure of 0.3 percent.
(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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Top Headline Dell (NASDAQ: DELL ) continued its rally from Monday in early trading as investor sentiment skyrocketed on the rumour that the company is in talks to go private. While the talks propelled shares higher, skeptics noted that the buyout would be so large it'd be tough even for a consortium of private equity funds. Shares of Santarus (NASDAQ: SNTS ) were also up, gaining 9.84 percent to $12.39 after the FDA approved the company's ulcerative colitis drug.
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Top Headline Dell (NASDAQ: DELL ) continued its rally from Monday in early trading as investor sentiment skyrocketed on the rumour that the company is in talks to go private. Economics In economic news, PPI year over year came in at 1.3 percent, below the projected 1.4 percent and the previous release of 1.5 percent, while PPI month over month was reported at -0.2 percent, lower than the anticipated -0.1 percent and the prior report of -0.8 percent. 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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Top Headline Dell (NASDAQ: DELL ) continued its rally from Monday in early trading as investor sentiment skyrocketed on the rumour that the company is in talks to go private. Equities Trading UP Express (NYSE: EXPR ) traded up 19.13 percent to $16.75 after the company announced that its fourth-quarter comps would come in between unchanged and up one percent, better than the expected decline of single digits. Economics In economic news, PPI year over year came in at 1.3 percent, below the projected 1.4 percent and the previous release of 1.5 percent, while PPI month over month was reported at -0.2 percent, lower than the anticipated -0.1 percent and the prior report of -0.8 percent.
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Top Headline Dell (NASDAQ: DELL ) continued its rally from Monday in early trading as investor sentiment skyrocketed on the rumour that the company is in talks to go private. Following the market opening Tuesday, the Dow traded down 0.14 percent to 13,488.18 while the NASDAQ fell 0.61 percent to 3,098.18. Equities Trading DOWN Lululemon (NASDAQ: LULU ) fell 7.55 percent to $66.84 after the company issued guidance at the high end of expectations, but not the top that analysts expected.
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8e9a2501-8542-42ac-9d20-12f74d8fbb2b
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726569.0
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2013-01-15 00:00:00 UTC
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Company News for January 15, 2013 - Corporate Summary
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DELL
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https://www.nasdaq.com/articles/company-news-for-january-15-2013-corporate-summary-2013-01-15
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nan
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nan
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• Dell Inc. (NASDAQ: DELL ) surged 13% after Bloomberg said the company is in talks with private-equity firms about going private
• PPG Industries, Inc. (NYSE: PPG ) posted fourth quarter earnings per share of $1.53, missing the Zacks Consensus Estimate of $1.54 by a penny
• Shares of hhgregg, Inc. (NYSE: HGG ) lost 5.7% after the specialty retailer lowered its same-store sales projections for the full year
• Material Sciences Corporation (NASDAQ: MASC ) posted third quarter earnings per share of $0.15, lower than the Zacks Consensus Estimate of $0.21
DELL INC (DELL): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
MATERIAL SCI CP (MASC): Free Stock Analysis Report
PPG INDS INC (PPG): 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 Inc. (NASDAQ: DELL ) surged 13% after Bloomberg said the company is in talks with private-equity firms about going private • PPG Industries, Inc. (NYSE: PPG ) posted fourth quarter earnings per share of $1.53, missing the Zacks Consensus Estimate of $1.54 by a penny • Shares of hhgregg, Inc. (NYSE: HGG ) lost 5.7% after the specialty retailer lowered its same-store sales projections for the full year • Material Sciences Corporation (NASDAQ: MASC ) posted third quarter earnings per share of $0.15, lower than the Zacks Consensus Estimate of $0.21 DELL INC (DELL): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report MATERIAL SCI CP (MASC): Free Stock Analysis Report PPG INDS INC (PPG): 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 Inc. (NASDAQ: DELL ) surged 13% after Bloomberg said the company is in talks with private-equity firms about going private • PPG Industries, Inc. (NYSE: PPG ) posted fourth quarter earnings per share of $1.53, missing the Zacks Consensus Estimate of $1.54 by a penny • Shares of hhgregg, Inc. (NYSE: HGG ) lost 5.7% after the specialty retailer lowered its same-store sales projections for the full year • Material Sciences Corporation (NASDAQ: MASC ) posted third quarter earnings per share of $0.15, lower than the Zacks Consensus Estimate of $0.21 DELL INC (DELL): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report MATERIAL SCI CP (MASC): Free Stock Analysis Report PPG INDS INC (PPG): 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 Inc. (NASDAQ: DELL ) surged 13% after Bloomberg said the company is in talks with private-equity firms about going private • PPG Industries, Inc. (NYSE: PPG ) posted fourth quarter earnings per share of $1.53, missing the Zacks Consensus Estimate of $1.54 by a penny • Shares of hhgregg, Inc. (NYSE: HGG ) lost 5.7% after the specialty retailer lowered its same-store sales projections for the full year • Material Sciences Corporation (NASDAQ: MASC ) posted third quarter earnings per share of $0.15, lower than the Zacks Consensus Estimate of $0.21 DELL INC (DELL): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report MATERIAL SCI CP (MASC): Free Stock Analysis Report PPG INDS INC (PPG): 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 Inc. (NASDAQ: DELL ) surged 13% after Bloomberg said the company is in talks with private-equity firms about going private • PPG Industries, Inc. (NYSE: PPG ) posted fourth quarter earnings per share of $1.53, missing the Zacks Consensus Estimate of $1.54 by a penny • Shares of hhgregg, Inc. (NYSE: HGG ) lost 5.7% after the specialty retailer lowered its same-store sales projections for the full year • Material Sciences Corporation (NASDAQ: MASC ) posted third quarter earnings per share of $0.15, lower than the Zacks Consensus Estimate of $0.21 DELL INC (DELL): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report MATERIAL SCI CP (MASC): Free Stock Analysis Report PPG INDS INC (PPG): 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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c7b549ee-f822-46d4-ba8d-4dfbe2746b21
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726570.0
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2013-01-15 00:00:00 UTC
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Market Wrap for Tuesday: Apple Breaks Below $500, Dell Continues to Rally
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DELL
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https://www.nasdaq.com/articles/market-wrap-tuesday-apple-breaks-below-500-dell-continues-rally-2013-01-15
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nan
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nan
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Market indices were mixed on Tuesday. The S&P 500 slowly melted up throughout the day, trading roughly flat into the close.
The Dow Jones was once down 61 points, but also moved higher during the session, trading into positive territory late in the afternoon. The Nasdaq was in the red for most of the day, weighed down by Apple (NASDAQ: APPL ).
Apple
The Cupertino, California tech giant continued to trade lower on Tuesday, breaking below $500. At one point, the stock was down over three percent trading below $485. There was no fundamental news to support the move lower, although Nomura lowered its price target on the stock.
Continued speculation remains that iPhone sales could be weaker than expected. The company will report earnings next week.
Dell (NASDAQ: DELL )
Shares of Dell continued to move strongly higher on Tuesday. Bloomberg first reported that the company was in talks to go private on Monday; that report was backed up on Tuesday by Reuters who said that Silver Lake Partners was leading the deal.
Facebook (NASDAQ: FB )
Facebook held a special event on Tuesday. The company unveiled its latest product initiative, social search.
Facebook's search feature will allow users to look for things like "Indian restaurants my friends like" and receive instant answers. Facebook has also partnered with Microsoft (NASDAQ: MSFT ) on its search initiative: If users' queries cannot be answered by searching their social network, it will be turned over to Microsoft's Bing for a broader web query.
The announcement did little good for any stocks, including Facebook itself, which dropped about 2 percent on the announcement.
Yelp (NASDAQ: YELP ) was also hit, dropping as much as 7 percent. Google (NASDAQ: GOOG ) saw a pop at the beginning of the Facebook event, but traded back to near unchanged by the end of it.
Express (NYSE: EXPR )
Express rallied roughly 24 percent on Tuesday, after the company raised its guidance Monday night. Express said it now anticipates fourth quarter earnings of $0.72-0.74 per share, more than the $0.62-0.68 the company had previously forecast
US Economic Data
U.S. retail sales came in better than expected, up 0.5 percent on a monthly basis -- more than the 0.2 percent economists had been anticipating.
The producer price index was generally lower than expected. The PPI on a monthly basis dropped 0.2 percent (the consensus estimate was a drop of 0.1 percent). Core PPI increased 2 percent on a yearly basis, slightly less than the 2.1 percent economists were expecting.
(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 of Dell continued to move strongly higher on Tuesday. The Dow Jones was once down 61 points, but also moved higher during the session, trading into positive territory late in the afternoon. Facebook's search feature will allow users to look for things like "Indian restaurants my friends like" and receive instant answers.
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Dell (NASDAQ: DELL ) Shares of Dell continued to move strongly higher on Tuesday. Facebook has also partnered with Microsoft (NASDAQ: MSFT ) on its search initiative: If users' queries cannot be answered by searching their social network, it will be turned over to Microsoft's Bing for a broader web query. 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 of Dell continued to move strongly higher on Tuesday. Facebook has also partnered with Microsoft (NASDAQ: MSFT ) on its search initiative: If users' queries cannot be answered by searching their social network, it will be turned over to Microsoft's Bing for a broader web query. Express (NYSE: EXPR ) Express rallied roughly 24 percent on Tuesday, after the company raised its guidance Monday night.
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Dell (NASDAQ: DELL ) Shares of Dell continued to move strongly higher on Tuesday. At one point, the stock was down over three percent trading below $485. Facebook has also partnered with Microsoft (NASDAQ: MSFT ) on its search initiative: If users' queries cannot be answered by searching their social network, it will be turned over to Microsoft's Bing for a broader web query.
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90ba23bb-cf81-41dd-9d80-a2112c5ae204
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726571.0
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2013-01-15 00:00:00 UTC
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Pre-Market Most Active for Jan 15, 2013 : DELL, MTU, NOK, FB, BAC, SAP, SMFG, ARMH, RIMM, MT, LULU, GIVN
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DELL
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https://www.nasdaq.com/articles/pre-market-most-active-jan-15-2013-dell-mtu-nok-fb-bac-sap-smfg-armh-rimm-mt-lulu-givn
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nan
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nan
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The NASDAQ 100 Pre-Market Indicator is down -3.08 to 2,732.62. The total Pre-Market volume is currently 7,080,185 shares traded.
The following are the most active stocks for the pre-market session :
Dell Inc. ( DELL ) is +0.5 at $12.79, with 3,287,275 shares traded. DELL's current last sale is 106.58% of the target price of $12.
Mitsubishi UFJ Financial Group Inc ( MTU ) is -0.05 at $5.40, with 2,541,031 shares traded. As reported by Zacks, the current mean recommendation for MTU is in the "strong buy range".
Nokia Corporation ( NOK ) is -0.03 at $4.59, with 1,706,318 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $-0.01. NOK's current last sale is 153% of the target price of $3.
Facebook, Inc. ( FB ) is +0.1525 at $31.10, with 883,383 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012. The consensus EPS forecast is $0.11. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Bank of America Corporation ( BAC ) is -0.08 at $11.39, with 835,941 shares traded. Over the last four weeks they have had 6 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.21. BAC is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.02 per share, which represents a 15 percent increase over the EPS one Year Ago
SAP AG ( SAP ) is -4.19 at $77.69, with 778,572 shares traded. As reported in the last short interest update the days to cover for SAP is 7.843085; this calculation is based on the average trading volume of the stock.
Sumitomo Mitsui Financial Group Inc ( SMFG ) is -0.12 at $7.45, with 588,210 shares traded. SMFG's current last sale is 85.34% of the target price of $8.73.
ARM Holdings, plc ( ARMH ) is -1.91 at $40.49, with 324,787 shares traded., following a 52-week high recorded in prior regular session.
Research in Motion Limited ( RIMM ) is -0.18 at $14.77, with 305,879 shares traded. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Feb 2013. The consensus EPS forecast is $-0.29. RIMM's current last sale is 147.7% of the target price of $10.
ArcelorMittal ( MT ) is +0.06 at $17.04, with 258,800 shares traded. MT's current last sale is 91.1% of the target price of $18.705.
lululemon athletica inc. ( LULU ) is -5.1 at $67.20, with 225,752 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2013. The consensus EPS forecast is $0.74. As reported in the last short interest update the days to cover for LULU is 8.993811; this calculation is based on the average trading volume of the stock.
Given Imaging Ltd. ( GIVN ) is -2.51 at $15.69, with 177,321 shares traded. As reported by Zacks, the current mean recommendation for GIVN is in the "strong 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 +0.5 at $12.79, with 3,287,275 shares traded. DELL's current last sale is 106.58% of the target price of $12. As reported in the last short interest update the days to cover for SAP is 7.843085; 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 +0.5 at $12.79, with 3,287,275 shares traded. DELL's current last sale is 106.58% of the target price of $12. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.5 at $12.79, with 3,287,275 shares traded. DELL's current last sale is 106.58% of the target price of $12. Over the last four weeks they have had 7 up revisions for the earnings forecast, for the fiscal quarter ending Dec 2012.
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The following are the most active stocks for the pre-market session : Dell Inc. ( DELL ) is +0.5 at $12.79, with 3,287,275 shares traded. DELL's current last sale is 106.58% of the target price of $12. BAC is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012.
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dbd4d4bd-9200-4a7e-b7da-8bde6291b9a8
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726572.0
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2013-01-14 00:00:00 UTC
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Dell's New Device for Accessing Data - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dells-new-device-for-accessing-data-analyst-blog-2013-01-14
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nan
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nan
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Dell Inc. ( DELL ) has come up with a new solution that is expected to take cloud client computing to a new high. This particular technology from the computer maker will help end users to manage activities related to their professional and personal lives.
Whether personal and professional, the device helps users to securely access their content while on the move. Mobile technology has not yet found a perfect solution to access content in the cloud securely through a portable device. Therefore, this solution should go a long way toward further merging the personal and professional lives of consumers.
The solution is a multimedia-capable device, slightly larger than a USB memory stick called Dell Wyse "Project Ophelia" enabling direct access to data in the cloud. The negative here is that it requires a monitor (the navigation aspect appears unclear from available information).
Dell is moving ahead with new product introductions at regular intervals. It has also made a number of strategic acquisitions that would enable it to leverage the popularity of cloud computing. Its portfolio has grown and enabled it to increase focus on corporate clients.
Dell is making considerable effort to recover its past glory. The company reported decent results in the last couple of quarters.
However, it will be impacted by the continued decline in PC shipments. Competition in the SMB and server segments from players like Hewlett-Packard Company ( HPQ ) and Cisco Systems Inc. ( CSCO ) is also a concern.
We therefore have a Zacks Rank #3 (Hold) on Dell shares.
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): 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 solution is a multimedia-capable device, slightly larger than a USB memory stick called Dell Wyse "Project Ophelia" enabling direct access to data in the cloud. Dell Inc. ( DELL ) has come up with a new solution that is expected to take cloud client computing to a new high. Dell is moving ahead with new product introductions at regular intervals.
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CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Inc. ( DELL ) has come up with a new solution that is expected to take cloud client computing to a new high. The solution is a multimedia-capable device, slightly larger than a USB memory stick called Dell Wyse "Project Ophelia" enabling direct access to data in the cloud.
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Dell Inc. ( DELL ) has come up with a new solution that is expected to take cloud client computing to a new high. The solution is a multimedia-capable device, slightly larger than a USB memory stick called Dell Wyse "Project Ophelia" enabling direct access to data in the cloud. CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Inc. ( DELL ) has come up with a new solution that is expected to take cloud client computing to a new high. CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here. The solution is a multimedia-capable device, slightly larger than a USB memory stick called Dell Wyse "Project Ophelia" enabling direct access to data in the cloud.
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969bf67a-f0c8-4f82-a50b-ba7dae1c5a76
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726573.0
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2013-01-14 00:00:00 UTC
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Market Close Report: NASDAQ Composite index closes at 3,117.50 down -8.13 points
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DELL
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https://www.nasdaq.com/articles/market-close-report-nasdaq-composite-index-closes-311750-down-813-points-2013-01-14
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nan
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nan
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Monday's session closes with the NASDAQ Composite Index at 3,117.50. The total shares traded for the NASDAQ was over 1.85 billion. Declining stocks led advancers by 1.11 to 1 ratio. There were 1160 advancers and 1286 decliners for the day. On the NASDAQ Stock Exchange 76 stocks reached a 52 week high and 5 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 -.46% for the day; a total of -12.56 points. The current value is 2,735.7. Apple Inc. ( AAPL ) had the largest percent change down (-3.57%) while Dell Inc. ( DELL ) had the largest percent change gain rising 12.96%.
The Dow Jones index closed up .13% for the day; a total of 17.21 points. The current value is 13,488.43. Verizon Communications Inc. ( VZ ) had the largest percent change down (-1.64%) while Hewlett-Packard Company ( HPQ ) had the largest percent change gain rising 4.89%.
NASDAQ Market Wrap
As of 1/14/2013 4:44:01 PM
BILLIONS OF 1.85 NASDAQ SHARES TRADED TODAY 76 STOCKS REACHED A 52 WEEK HIGH 5 THOSE REACHING LOWS TOTALEDDell Inc.[DELL]TOPS ADVANCERS LISTOF NASDAQ 100 % 12.96 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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Apple Inc. ( AAPL ) had the largest percent change down (-3.57%) while Dell Inc. ( DELL ) had the largest percent change gain rising 12.96%. NASDAQ Market Wrap As of 1/14/2013 4:44:01 PM BILLIONS OF 1.85 NASDAQ SHARES TRADED TODAY 76 STOCKS REACHED A 52 WEEK HIGH 5 THOSE REACHING LOWS TOTALEDDell Inc.[DELL]TOPS ADVANCERS LISTOF NASDAQ 100 % 12.96 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. Monday's session closes with the NASDAQ Composite Index at 3,117.50.
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Apple Inc. ( AAPL ) had the largest percent change down (-3.57%) while Dell Inc. ( DELL ) had the largest percent change gain rising 12.96%. NASDAQ Market Wrap As of 1/14/2013 4:44:01 PM BILLIONS OF 1.85 NASDAQ SHARES TRADED TODAY 76 STOCKS REACHED A 52 WEEK HIGH 5 THOSE REACHING LOWS TOTALEDDell Inc.[DELL]TOPS ADVANCERS LISTOF NASDAQ 100 % 12.96 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 76 stocks reached a 52 week high and 5 those reaching lows totaled.
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NASDAQ Market Wrap As of 1/14/2013 4:44:01 PM BILLIONS OF 1.85 NASDAQ SHARES TRADED TODAY 76 STOCKS REACHED A 52 WEEK HIGH 5 THOSE REACHING LOWS TOTALEDDell Inc.[DELL]TOPS ADVANCERS LISTOF NASDAQ 100 % 12.96 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. Apple Inc. ( AAPL ) had the largest percent change down (-3.57%) while Dell Inc. ( DELL ) had the largest percent change gain rising 12.96%. On the NASDAQ Stock Exchange 76 stocks reached a 52 week high and 5 those reaching lows totaled.
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NASDAQ Market Wrap As of 1/14/2013 4:44:01 PM BILLIONS OF 1.85 NASDAQ SHARES TRADED TODAY 76 STOCKS REACHED A 52 WEEK HIGH 5 THOSE REACHING LOWS TOTALEDDell Inc.[DELL]TOPS ADVANCERS LISTOF NASDAQ 100 % 12.96 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. Apple Inc. ( AAPL ) had the largest percent change down (-3.57%) while Dell Inc. ( DELL ) had the largest percent change gain rising 12.96%. There were 1160 advancers and 1286 decliners for the day.
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726574.0
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2013-01-14 00:00:00 UTC
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After Hours Most Active for Jan 14, 2013 : MO, PPG, QQQ, LULU, GGC, C, BAC, SREV, UAL, MCHP, DELL, MSFT
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-jan-14-2013-mo-ppg-qqq-lulu-ggc-c-bac-srev-ual-mchp-dell-msft-2013
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The NASDAQ 100 After Hours Indicator is up .53 to 2,736.23. The total After hours volume is currently 13,003,176 shares traded.
The following are the most active stocks for the after hours session :
Altria Group ( MO ) is +0.0198 at $33.01, with 5,071,946 shares traded. MO's current last sale is 91.69% of the target price of $36.
PPG Industries, Inc. ( PPG ) is unchanged at $141.03, with 1,101,600 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 $2.26. RTT News Reports: Georgia Gulf Sees 3% Rises In FY12 Net Sales - Quick Facts
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.04 at $67.00, with 1,031,878 shares traded. This represents a 16.16% increase from its 52 Week Low.
lululemon athletica inc. ( LULU ) is -5.65 at $66.65, with 1,018,964 shares traded. As reported in the last short interest update the days to cover for LULU is 8.993811; this calculation is based on the average trading volume of the stock.
Georgia Gulf Corporation ( GGC ) is unchanged at $50.39, with 814,752 shares traded. As reported in the last short interest update the days to cover for GGC is 8.905622; this calculation is based on the average trading volume of the stock.
Citigroup Inc. ( C ) is -0.0201 at $42.20, with 804,900 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 $1.13. C is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.88 per share, which represents a 38 percent increase over the EPS one Year Ago
Bank of America Corporation ( BAC ) is -0.02 at $11.45, with 638,942 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 $0.21. BAC is scheduled to provide an earnings report on 1/17/2013, for the fiscal quarter ending Dec2012. The consensus earnings per share forecast is 0.02 per share, which represents a 15 percent increase over the EPS one Year Ago
ServiceSource International, Inc. ( SREV ) is +0.0474 at $6.37, with 566,600 shares traded. As reported by Zacks, the current mean recommendation for SREV is in the "buy range".
United Continental Holdings, Inc. ( UAL ) is unchanged at $25.99, with 451,300 shares traded. Over the last four weeks they have had 4 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $2.01. As reported by Zacks, the current mean recommendation for UAL is in the "buy range".
Microchip Technology Incorporated ( MCHP ) is -0.01 at $33.11, with 404,223 shares traded. As reported in the last short interest update the days to cover for MCHP is 9.524404; this calculation is based on the average trading volume of the stock.
Dell Inc. ( DELL ) is +0.06 at $12.36, with 369,790 shares traded. DELL's current last sale is 103% of the target price of $12.
Microsoft Corporation ( MSFT ) is -0.01 at $26.88, with 263,926 shares traded. As reported by Zacks, the current mean recommendation for MSFT 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 +0.06 at $12.36, with 369,790 shares traded. DELL's current last sale is 103% of the target price of $12. As reported in the last short interest update the days to cover for LULU is 8.993811; this calculation is based on the average trading volume of the stock.
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Dell Inc. ( DELL ) is +0.06 at $12.36, with 369,790 shares traded. DELL's current last sale is 103% of the target price of $12. As reported in the last short interest update the days to cover for LULU is 8.993811; this calculation is based on the average trading volume of the stock.
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Dell Inc. ( DELL ) is +0.06 at $12.36, with 369,790 shares traded. DELL's current last sale is 103% of the target price of $12. RTT News Reports: Georgia Gulf Sees 3% Rises In FY12 Net Sales - Quick Facts PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.04 at $67.00, with 1,031,878 shares traded.
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Dell Inc. ( DELL ) is +0.06 at $12.36, with 369,790 shares traded. DELL's current last sale is 103% of the target price of $12. The total After hours volume is currently 13,003,176 shares traded.
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726575.0
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2013-01-14 00:00:00 UTC
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Dow Reclaims 13,500; Apple Inc. (AAPL), Dell Take Tech for a Ride
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DELL
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https://www.nasdaq.com/articles/dow-reclaims-13500-apple-inc-aapl-dell-take-tech-ride-2013-01-14
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The Dow Jones Industrial Average (DJI) got off to a rough start, but stair-stepped its way modestly higher by the close. "It was a very light news day, and volume was also light," said Schaeffer's Senior Technical Strategist Ryan Detrick, CMT. Apple Inc. ( AAPL ) and Dell Inc. ( DELL ) battled for headline supremacy, resulting in a roller-coaster session for the tech-rich Nasdaq Composite (COMP). However, "With the S&P 500 Index (SPX) up near its 2012 peak at 1,475, and earnings season just about to heat up, most participants are taking a breather here."
Continue reading for more on today's market, including :
Why Senior Trading Analyst Bryan Sapp is bracing for a "significant market move" into Friday.
Short-term option traders set their sights on these three big-cap stocks today.
Schaeffer's contributor Adam Warner offered up a history lesson on volatility.
plus...
More bickering on Capitol Hill, analyst action ahead of Facebook's ( FB ) mystery event, and today's Tweet of the day, which features an interesting stat on AAPL.
The Dow Jones Industrial Average (DJI) didn't stray too far from breakeven, exploring a range of just 61 points. By the close, the blue-chip barometer added 18.9 points, or 0.1%, to reclaim a perch atop the 13,500 level. Sixteen of the Dow's 30 components ended higher, led by Hewlett-Packard's ( HPQ ) 4.9% ascent. Meanwhile, Verizon Communications ( VZ ) paced the 13 declining equities, shedding 1.6%, while Intel (INTC) finished flat.
The S&P 500 Index (SPX) also traded in a tight range, giving up 1.4 points, or 0.1%, by the bell. The Nasdaq Composite (COMP) took a roller-coaster ride in the red, settling on a loss of 8.1 points, or 0.3%. Earlier in the session, the tech-rich COMP touched an intraday nadir of 3,104.08.
The CBOE Market Volatility Index (VIX) bounced back from multi-year lows, edging 0.2 point, or 1.2%, higher.
A Trader's Take :
"There were two highlights on a rather slow day," said Detrick. "First off, AAPL sank more than 3% on reports of poor iPhone 5 demand . Nonetheless, the market took this in stride, as there was a time last year when a big down day for AAPL meant a bloodbath across the board. This is changing, and I find it to be a very nice sign." On the other hand, DELL surged on reports of a potential buyout. "Yes, DELL has been a long-time laggard," admits Detrick. "Still, I'm always encouraged by deals, as it shows there are still solid values out there and companies have the confidence and financing to make things happen."
3 Things to Know About Today's Market :
As alluded to earlier, Dell Inc. ( DELL ) is in preliminary buyout talks with at least two private-equity firms, Bloomberg reported , citing sources familiar with the matter. The shares of DELL jumped nearly 18% at their session peak, topping out at $12.83, and were temporarily halted in afternoon action. DELL executives have remained mum so far.
Home prices could rise 6% in 2013, according to estimates from CoreLogic. The market research firm said the same catalysts that pushed home prices 7.5% higher last year -- including affordable prices, fewer foreclosures, and a shrinking inventory of homes -- are still in play.
Congress is back at it. President Barack Obama warned that a failure to increase the $16.4 trillion debt ceiling could "tip us into recession," and said the "markets could go haywire," should "Congressional Republicans refuse to pay America's bills on time." In response, House Speaker John Boehner, R-Ohio, said Americans are against "raising the debt ceiling without reducing government spending at the same time," and called for a dollar in spending cuts for every dollar the debt ceiling is raised. However, Obama said such a ratio is off the table. The U.S. Treasury will lack the funds to pay debtors as early as Friday, Feb. 15, the Bipartisan Policy Center reports.
Plus ... The White House this weekend rejected the idea of building a "Death Star" for national defense , denying a petition signed by more than 34,000 apparent Star Wars fans. In a detailed response, Paul Shawcross, chief of the Science and Space Branch with the White House Office of Management and Budget, said, "The administration does not support blowing up planets." Furthermore, he asks, "Why would we spend countless taxpayer dollars on a Death Star with a fundamental flaw that can be exploited by a one-man starship?"
Today's Top Tweet :
"Since mid-September, Apple has lost $196 billion in market value which works out to $620 per every American."
@EddyElfenbein, (Eddy Elfenbein), 9:21 a.m.
5 Stocks We Were Watching Today :
Facebook Inc ( FB ) earned yet another analyst nod ahead of tomorrow's mysterious analyst event.
Option traders scooped up puts on Sirius XM Radio Inc (SIRI).
Barclays lifted its price target on Ford Motor Company (F).
Cirrus Logic's (CRUS) sympathy swoon attracted short-term option bears.
Amazon.com (AMZN) jumped to an all-time best .
Question of the Day :
Q : Why do some stocks issue options that trade in one-point increments, while others have options in five-point increments?
A : The strike prices available on a particular stock are typically related to the underlying security's share price. The higher the stock price, the wider the spreads will usually be between strike prices. There are four commonly used intervals: $1, $2.50, $5, and (much more infrequently) $10. While there are some exceptions, the general rule is that the $1 interval is used for highly liquid stocks trading under $50, while the $2.50 or $5 intervals are employed on stocks trading between $50 and $150. Finally, the $10 interval is used for the priciest stocks, or those trading north of $200. Many highly liquid, high-priced stocks, however -- such as Apple ( AAPL ) -- will have their options listed in $5 increments.
For a look at today's options movers and commodities activity, head to page 2.
Commodities :
A weaker U.S. dollar translated into a boon for commodities today. February-dated crude added 58 cents, or 0.6%, to end at $94.14 per barrel. Meanwhile, the front-month gold contract tacked on $8.80, or 0.5%, to close at $1,669.40 an 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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Apple Inc. ( AAPL ) and Dell Inc. ( DELL ) battled for headline supremacy, resulting in a roller-coaster session for the tech-rich Nasdaq Composite (COMP). On the other hand, DELL surged on reports of a potential buyout. "Yes, DELL has been a long-time laggard," admits Detrick.
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Apple Inc. ( AAPL ) and Dell Inc. ( DELL ) battled for headline supremacy, resulting in a roller-coaster session for the tech-rich Nasdaq Composite (COMP). On the other hand, DELL surged on reports of a potential buyout. "Yes, DELL has been a long-time laggard," admits Detrick.
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3 Things to Know About Today's Market : As alluded to earlier, Dell Inc. ( DELL ) is in preliminary buyout talks with at least two private-equity firms, Bloomberg reported , citing sources familiar with the matter. Apple Inc. ( AAPL ) and Dell Inc. ( DELL ) battled for headline supremacy, resulting in a roller-coaster session for the tech-rich Nasdaq Composite (COMP). On the other hand, DELL surged on reports of a potential buyout.
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Apple Inc. ( AAPL ) and Dell Inc. ( DELL ) battled for headline supremacy, resulting in a roller-coaster session for the tech-rich Nasdaq Composite (COMP). On the other hand, DELL surged on reports of a potential buyout. "Yes, DELL has been a long-time laggard," admits Detrick.
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9aee6363-11f8-48a3-9d25-90a89aad485e
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726576.0
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2013-01-14 00:00:00 UTC
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Monday Market Wrap: Dell, Herbalife Spike Higher; Apple, JC Penney Drop
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DELL
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https://www.nasdaq.com/articles/monday-market-wrap-dell-herbalife-spike-higher-apple-jc-penney-drop-2013-01-14
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Markets were modestly lower on Monday. The S&P 500 was down about 8 points at the day's lows, but staged a rally heading into the final minutes of trading.
The Nasdaq was down most significantly, primarily led by the drop in shares of Apple (NASDAQ: AAPL ). The Dow Jones was in the green for the majority of the trading session.
Apple
Apple was down over 4 percent in the premarket on Monday after The Wall Street Journal reported that demand for iPhone components had fallen. Several analysts, including JP Morgan and UBS defended Apple, calling the report old news, but Apple was unable to bounce back.
J.C. Penney (NYSE: JCP )
Shares of J.C. Penney were down sharply early on Monday, but staged a rally later in the session. The New York Post reported that same-store sales were down more than 30 percent during the recent holiday shopping season.
Herbalife (NYSE: HLF )
Herbalife continued its recent rally, trading up as high as 10 percent. Now near $44 per share, Herbalife is above the level it was trading at when it was first reported that Bill Ackman had bet against the company.
Several hedge fund managers, most notably Dan Loeb, have taken the other side of the trade, going long Herbalife much to the chagrin of Ackman.
Dell (NASDAQ: DELL )
Shares of Dell spiked sharply higher Monday afternoon, after Bloomberg reported that the company was in talks to go private. The company was halted on circuit breaker, and had traded up as high as 14 percent.
Facebook (NASDAQ: FB )
Facebook was higher in the premarket on Monday, but quickly gave back its gains. In the late afternoon, shares were down about 2 percent. The company has a special event tomorrow where it is expected to announce something significant.
Auto Show
Monday was the first day the press was allowed into the Detroit auto show. Ford (NYSE: F ) debuted its Lincoln MKC concept car. The company has been making statements recently that it would work to differentiate its Lincoln lineup from its base Ford models.
Obama Talks Debt Ceiling
President Obama gave a press conference mid day. He covered the debt ceiling, and made a few comments on gun control.
Obama reiterated his position that it would be irresponsible not to raise the debt ceiling, and warned that a technical default could lead to higher interest rates and threaten the economic recovery.
On gun control, Obama said that he would look to reinstate the assault weapons ban, limit the size of gun magazines, and strengthen the background check process. However, he tempered his statement by acknowledging that Congress might not pass the proposals.
Economics
There were no significant economic releases Monday. The Federal Reserve Chairman, Ben Bernanke, will deliver remarks at the University of Michigan's Ford School after the market closes.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything 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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Dell (NASDAQ: DELL ) Shares of Dell spiked sharply higher Monday afternoon, after Bloomberg reported that the company was in talks to go private. Several hedge fund managers, most notably Dan Loeb, have taken the other side of the trade, going long Herbalife much to the chagrin of Ackman. Obama reiterated his position that it would be irresponsible not to raise the debt ceiling, and warned that a technical default could lead to higher interest rates and threaten the economic recovery.
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Dell (NASDAQ: DELL ) Shares of Dell spiked sharply higher Monday afternoon, after Bloomberg reported that the company was in talks to go private. Facebook (NASDAQ: FB ) Facebook was higher in the premarket on Monday, but quickly gave back its gains. Obama Talks Debt Ceiling President Obama gave a press conference mid day.
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Dell (NASDAQ: DELL ) Shares of Dell spiked sharply higher Monday afternoon, after Bloomberg reported that the company was in talks to go private. Herbalife (NYSE: HLF ) Herbalife continued its recent rally, trading up as high as 10 percent. Now near $44 per share, Herbalife is above the level it was trading at when it was first reported that Bill Ackman had bet against the company.
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Dell (NASDAQ: DELL ) Shares of Dell spiked sharply higher Monday afternoon, after Bloomberg reported that the company was in talks to go private. J.C. Penney (NYSE: JCP ) Shares of J.C. Penney were down sharply early on Monday, but staged a rally later in the session. Herbalife (NYSE: HLF ) Herbalife continued its recent rally, trading up as high as 10 percent.
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726577.0
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2013-01-11 00:00:00 UTC
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Dell, Hewlett-Packard and Others Failed to Revitalize PC Sales
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DELL
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https://www.nasdaq.com/articles/dell-hewlett-packard-and-others-failed-revitalize-pc-sales-2013-01-11
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From Hewlett-Packard (NYSE: HPQ ) and Dell (NASDAQ: DELL ) to Apple (NASDAQ: AAPL ) and Microsoft (NASDAQ: MSFT ), tech companies endured a rough holiday shopping season as consumers tightened their belts and held on to their existing computers. Two of those firms are currently on the rise. Hewlett-Packard, which has been struggling as Lenovo continues to steal market share, has risen more than eight percent year-to-date. Dell has gained more than three percent since the start of the year.
Apple has not been nearly as lucky. The iPhone maker has lost more than four percent of its value this year. Microsoft has done the same.
Nearly every PC manufacturer experienced sales declines in 2012, particularly in the fourth quarter. Apple, Dell and Hewlett-Packard endured declines throughout most of the year .
In the weeks leading up to Christmas, MacBook sales fell by six percent . These declines came after the 15- and 13-inch MacBook Pro notebooks were upgraded to contain a solid state drive, a Retina Display and a more compact design.
While the Retina Display MacBooks are considerably more expensive than their lower-res counterparts, the 13-inch MacBook Air experienced a $100 price cut. This reduction came before the monthly Best Buy (NYSE: BBY ) discounts, which typically reduce the final price by another $50 to $80.
Some critics have blamed Windows 8 for the PC slump. According to tech industry tracker IDC, however, the operating system is not responsible for the troubling sales figures.
IDC told Reuters that PC makers are the ones to blame because they failed to release machines with enough attractive features.
"Lost in the shuffle to promote a touch-centric PC, vendors have not forcefully stressed other features that promote a more secure, reliable and efficient user experience," Jay Chou, senior research analyst at IDC, told Reuters. "As Windows 8 matures, and other corresponding variables such as Ultrabook pricing continue to drop, hopefully the PC market can see a reset in both messaging and demand in 2013."
During the fourth quarter, PC makers sold 89.8 million units worldwide -- a 6.4 percent decrease from Q4 2011. According to Reuters, this is the industry's worst performing holiday quarter in more than five years.
Follow me @LouisBedigianBZ
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything 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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From Hewlett-Packard (NYSE: HPQ ) and Dell (NASDAQ: DELL ) to Apple (NASDAQ: AAPL ) and Microsoft (NASDAQ: MSFT ), tech companies endured a rough holiday shopping season as consumers tightened their belts and held on to their existing computers. Dell has gained more than three percent since the start of the year. Apple, Dell and Hewlett-Packard endured declines throughout most of the year .
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From Hewlett-Packard (NYSE: HPQ ) and Dell (NASDAQ: DELL ) to Apple (NASDAQ: AAPL ) and Microsoft (NASDAQ: MSFT ), tech companies endured a rough holiday shopping season as consumers tightened their belts and held on to their existing computers. Apple, Dell and Hewlett-Packard endured declines throughout most of the year . Dell has gained more than three percent since the start of the year.
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From Hewlett-Packard (NYSE: HPQ ) and Dell (NASDAQ: DELL ) to Apple (NASDAQ: AAPL ) and Microsoft (NASDAQ: MSFT ), tech companies endured a rough holiday shopping season as consumers tightened their belts and held on to their existing computers. Dell has gained more than three percent since the start of the year. Apple, Dell and Hewlett-Packard endured declines throughout most of the year .
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From Hewlett-Packard (NYSE: HPQ ) and Dell (NASDAQ: DELL ) to Apple (NASDAQ: AAPL ) and Microsoft (NASDAQ: MSFT ), tech companies endured a rough holiday shopping season as consumers tightened their belts and held on to their existing computers. Dell has gained more than three percent since the start of the year. Apple, Dell and Hewlett-Packard endured declines throughout most of the year .
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726578.0
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2013-01-09 00:00:00 UTC
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PC Industry Braces for More Declines in 2013
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DELL
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https://www.nasdaq.com/articles/pc-industry-braces-more-declines-2013-2013-01-09
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While the final numbers have yet to be revealed, PC sales were expected to decline last year. This would have been the first global decline since 2001. At the time, almost all of the major notebook and desktop manufacturers were struggling to maintain the sales levels that they had experienced in 2011. Many of them, including Apple (NASDAQ: AAPL ), Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), were experiencing significant declines. Not even the refreshed MacBook Pro could prevent MacBook sales from dropping six percent .
These declines were surprising but they were not entirely unexpected. PC manufacturers are quickly learning that their industry is no longer the multi-billion-dollar behemoth it once was.
Many analysts have blamed this on the growth of tablets and smartphones. Some have argued that the economy has played a role in the demise of traditional PCs. Others believe that the power and reliability of Intel's (NASDAQ: INTC ) Core 2 Duo and quad-core processors have allowed consumers to delay their upgrades for a few years.
Truth be told, all of those things are hurting the PC industry. While computers previously advanced so quickly that consumers (and some businesses) were forced to upgrade frequently, that is no longer the case.
Microsoft's (NASDAQ: MSFT ) long-awaited operating system, Windows 8, was expected to change that. However, consumers do not want to buy another PC -- they simply want to upgrade to Windows 8 .
This is good for Microsoft, which heavily promoted the fact that its new OS can make older machines run faster. It is not, however, the result that PC makers were expecting.
Some investors might think that Apple -- which has its own OS for Macs -- should not have been affected by the downturn of PCs. But Macs compete in the same market as tablets and Windows-based computers. Thus, they are facing the same challenges.
According to DigiTimes , PC manufacturers are bracing for another "difficult year" for the industry.
"Although PC players are aggressively promoting their Windows 8-based devices at the show, their focuses are mainly reducing costs, instead of releasing of new innovations," DigiTimes reported.
Indeed, the 2013 Consumer Electronics Show is devoid of ideas for new kinds of PCs. Some manufacturers have introduced concepts for a 20-inch tablet, but Sony (NYSE: SNE ) beat them to it last fall. Panasonic (NYSE: PC ) did build a 20-inch tablet with 4K resolution, however, making it the smallest Ultra HD display available.
Aside from larger tablets and hybrid PC variations, CES is mostly filled with Ultra HD television sets and an overabundance of displays from Hewlett-Packard, indicating that even the biggest PC makers are afraid to develop new PCs.
Follow me @LouisBedigianBZ
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Gain access to more investing ideas, tools & education. Get Started on Marketfy, the first ever curated & verified Marketplace for everything 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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Many of them, including Apple (NASDAQ: AAPL ), Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), were experiencing significant declines. Others believe that the power and reliability of Intel's (NASDAQ: INTC ) Core 2 Duo and quad-core processors have allowed consumers to delay their upgrades for a few years. "Although PC players are aggressively promoting their Windows 8-based devices at the show, their focuses are mainly reducing costs, instead of releasing of new innovations," DigiTimes reported.
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Many of them, including Apple (NASDAQ: AAPL ), Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), were experiencing significant declines. 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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Many of them, including Apple (NASDAQ: AAPL ), Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), were experiencing significant declines. While the final numbers have yet to be revealed, PC sales were expected to decline last year. Aside from larger tablets and hybrid PC variations, CES is mostly filled with Ultra HD television sets and an overabundance of displays from Hewlett-Packard, indicating that even the biggest PC makers are afraid to develop new PCs.
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Many of them, including Apple (NASDAQ: AAPL ), Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), were experiencing significant declines. This would have been the first global decline since 2001. However, consumers do not want to buy another PC -- they simply want to upgrade to Windows 8 .
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7ed7f519-63b7-4b16-83c7-2e7a59fba853
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726579.0
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2013-01-09 00:00:00 UTC
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Arnold Van Den Berg Trims Staples, Sells Out of Dell and Others - Q4 Updates
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DELL
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https://www.nasdaq.com/articles/arnold-van-den-berg-trims-staples-sells-out-dell-and-others-q4-updates-2013-01-09
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nan
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nan
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The fourth quarter portfolio updates of Century Management's Arnold Van Den Berg are in. Van Den Berg's portfolio successfully gained 16 percent in 2012. Totaling 17 transactions, the fourth quarter updates consist of 7 stake increases, 5 new buys, 2 stake reductions and 3 complete sells of his entire stake in companies.
Among his reductions, the 79.81 percent decrease in Van Den Berg's position in office supply chain Staples Inc. ( SPLS ) made the second largest impact to his portfolio, leaving a 2.39 percent cavity in the total weighting.
Over the last five years, Van Den Berg's stake reductions in the company far outnumbered his purchases of new shares. Staples' unfortunate loss in market value in that time frame totaled 44.48 percent. In 2012 alone, its stock price lost almost 20 percent of its value.
Before the year ended, Staples president and COO, Michael Miles Jr., resigned from the company to join the Boston-based investment firm, Berkshire Partners. In his time in office, Miles has only reported to trading his company shares once, which was in 2009 when he sold 150,000 shares, banking $3.5 million in the transaction. ( Market Overview )
On Monday, Staples announced of its plans to reduce its interest expense and increase its financial flexibility through a tender offer for its shareholders to purchase up to $750 million in aggregate principal amount of its outstanding 9.75 percent senior notes that are due 2014.
In its 10-Year Financials , Staples' total liabilities amount to almost $6 billion, with a long term debt of $1.5 billion, according to the latest reported figures from October 2012.
Currently, Van Den Berg hangs on to 470,729 shares, compared to the 2.3 million shares he had in the previous quarter.
One of the company's Good Signs suggest its dividend yield is close to a five-year high, at 3.9 percent. Staples is trading today at $11.82 per share, up 0.04 points Wednesday morning. Its Financial Strength on GuruFocus remains strong at 8 out of 10, and Profitability & Growth of 6 out of 10; Staples is ranked averagely in Business Predictability, at 3 stars.
Wiping out his entire holding in tech stock, Dell Inc. (DELL ), left a 2.4 percent hole in Van Den Berg's portfolio, just a smidge larger than the impact from his Staples reduction. Like his Staples stake, Van Den Berg has reported ongoing reductions in his Dell shareholding. His reductions consecutively date back since 2009 and the last time he purchased any Dell shares was in the fourth quarter of 2008.
Dell lost almost 30 percent in market value in 2012. Its revenue growth in the last 10 years has been inclining at a steady rate of 5.29 percent annually. Its EBITDA growth however, has been in decline for the past 12 months, according to 10-Year Financials.
At the end of December, Dell announced the completion of its acquisition of data protection solutions provider, Credant Technologies, sought to help strengthen Dell's security features. With the acquisition, Dell anticipates to provide its clients and customers protection of their IT Assets, compliance with regulations and reduction in security costs.
This morning, Dell stock is up 1.16 percent, trading at $10.90. It has a dividend yield of 3.1 percent, and a payout ratio of 0.05. Dell upholds a 3.5 star ranking in Business Predictability, an 8 in Financial Strength and a 7 in Profitability & Growth.
Aside from Van Den Berg's reduction in Staples, he also made a 62.29 percent reduction in his holding of glass and coatings company, Apogee Enterprises Inc. ( APOG ).
Besides Dell, Van Den Berg wiped out his stakes in VCA Antech Inc. ( WOOF ) and Planar Systems Inc. ( PLNR ).
With a quarter-over-quarter turnover rate of 9 percent, Van Den Berg maintains a portfolio of 64 stocks, valued at $908 million.
His top five holdings are:
1. Cisco Systems Inc. ( CSCO ) which is 5.01 percent of his portfolio.
2. Jacobs Engineering Group ( JEC ) which is 4.75 percent of his portfolio.
3. Corning Inc. ( GLW ) which is 4.53 percent of his portfolio.
4. Berkshire Hathaway Inc. ( BRK.B ) which is 4.25 percent of his portfolio.
5. Wells Fargo & Co. ( WFC ) which is 3.8 percent of his portfolio.
To view the rest of his fourth quarter updates, visit Van Den Berg's stock picks. Also view his undervalued stocks, high-yield companies and top growth stocks.
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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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With the acquisition, Dell anticipates to provide its clients and customers protection of their IT Assets, compliance with regulations and reduction in security costs. Wiping out his entire holding in tech stock, Dell Inc. (DELL ), left a 2.4 percent hole in Van Den Berg's portfolio, just a smidge larger than the impact from his Staples reduction. Like his Staples stake, Van Den Berg has reported ongoing reductions in his Dell shareholding.
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Wiping out his entire holding in tech stock, Dell Inc. (DELL ), left a 2.4 percent hole in Van Den Berg's portfolio, just a smidge larger than the impact from his Staples reduction. Like his Staples stake, Van Den Berg has reported ongoing reductions in his Dell shareholding. His reductions consecutively date back since 2009 and the last time he purchased any Dell shares was in the fourth quarter of 2008.
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Wiping out his entire holding in tech stock, Dell Inc. (DELL ), left a 2.4 percent hole in Van Den Berg's portfolio, just a smidge larger than the impact from his Staples reduction. Like his Staples stake, Van Den Berg has reported ongoing reductions in his Dell shareholding. His reductions consecutively date back since 2009 and the last time he purchased any Dell shares was in the fourth quarter of 2008.
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Like his Staples stake, Van Den Berg has reported ongoing reductions in his Dell shareholding. Wiping out his entire holding in tech stock, Dell Inc. (DELL ), left a 2.4 percent hole in Van Den Berg's portfolio, just a smidge larger than the impact from his Staples reduction. His reductions consecutively date back since 2009 and the last time he purchased any Dell shares was in the fourth quarter of 2008.
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64dd1031-1431-460e-a935-35e9b3a90a60
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726580.0
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2013-01-04 00:00:00 UTC
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New Guru Lou Simpson's Top-Yielding Stocks
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DELL
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https://www.nasdaq.com/articles/new-guru-lou-simpsons-top-yielding-stocks-2013-01-04
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nan
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nan
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SQ Advisors head and Buffett comrade Lou Simpson runs a pretty concentrated portfolio, with only 15 stocks, the majority weighted in the financial sector. Valued about $1.2 billion, with a quarter-over-quarter turnover rate of 9 percent, about 10 of Simpsons' stocks pay dividends.
Based on his high-yield stocks list, these three companies maintain the highest yield percentages in his portfolio.
Dell Inc. ( DELL )
Technology solutions and products maven Dell Inc. has a dividend yield of 3.1 percent, and a payout ratio of 0.05.
In 2012, Simpson's highest reported holding of Dell shares was in the first half of the year when he had over $6 million shares. But by the third quarter, Dell's market value took a hit when its average descended down to about $14 from $17 in the second quarter.
It was then that Simpson reduced his stake, shedding about 58,000 shares. Dell's lowest for 2012 was in November when the stock reached $8.
Early December, Dell announced a quarterly cash dividend of $0.08 per common share, which will be paid out to its shareholders on Jan. 23.
A few days before the year ended, Dell announced its completion of its acquisition of data protection solutions provider, Credant Technologies.
Currently, Simpson sits with a total Dell shareholding of 5,952,623. The stock is trading at $10.85, down 0.91 percent this morning.
To view Dell's financial stats, go to 10-Year Financials .
Wells Fargo & Co. ( WFC )
Nationwide diversified financial services company, Wells Fargo has a dividend yield of 2.7 percent and a payout ratio of 0.05.
Simpson currently owns 2,782,417 shares. Throughout 2012, he continuously added to his stake strategically, as Wells Fargo's market value soared 23 percent.
The company's last dividend payout was dispersed Dec. 31, a distribution of Wells Fargo Series A 7.25 percent preferred securities, equal to $0.453125 per security.
In November, Wells Fargo announced its dividends on three series of preferred stock.
The company paid a $20 per share cash dividend from its Series J preferred stock, an $18.75 per share dividend from its Series L preferred stock, as well as a $429.72 per share dividend from its Series N preferred stock, all paid to shareholders on Dec. 17.
In recent news, Wells Fargo Asset Management announced obtaining a minority stake in privately held hedge fund firm, The Rock Creek Group, based in Washington, D.C. The stake provides Wells Fargo an opportunity to increase businesses in alternative investments solutions between Rock Creek and its clients, hoping to obtain additional ownership interests in the long-term.
Currently, Wells Fargo is down 0.19 percent, trading at $34.62.
To view Wells Fargo's financial stats, go to 10-Year Financials .
Cenovus Energy Inc. ( CVE )
Cenovus Energy has a dividend yield of 2.7 percent and a payout ratio of 0.47.
On Dec. 31, Cenovus paid $0.22 per common share in dividends to its shareholders, the rate it paid in all quarterly payouts throughout the year.
Cenovus remains 6.9 percent of Simpson's portfolio, with a holding of 2,322,866 million shares valued at $81 million. In 2012, Simpson vastly increased his stake, as the stock fluctuated between $29 and $39 throughout the year.
An integrated oil company, Canada-based Cenovus has oil sands operations in northern Alberta and Saskatchewan, as well as 50 percent ownership in two U.S. refineries. It anticipates growing its company by 14 percent in 2013, as it initiates significant investments in various oil assets, worth between $3.2 billion and $3.6 billion.
Cenovus is currently trading at $34.11, down 0.68 percent.
To view Cenovus Energy's financial stats, go to 10-Year Financials.
View more articles about Lou Simpson in our GuruFocus archives. See the rest of Lou Simpson's stock holdings in his portfolio here. Also check out his Undervalued Stocks, Top Growth Companies and the rest of his High Yield stocks.
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Premium Membership is needed for full access to our screeners, research tools and Guru portfolios. GuruFocus' long list of Premium Membership perks provides many opportunities to follow your favorite Gurus and stocks more closely. If you are not a Premium Member yet, we invite you to take advantage of our limited-time offer of 15% off our normal Premium Membership rate. Click on GuruFocus Member Discount now! 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 Inc. ( DELL ) Technology solutions and products maven Dell Inc. has a dividend yield of 3.1 percent, and a payout ratio of 0.05. In 2012, Simpson's highest reported holding of Dell shares was in the first half of the year when he had over $6 million shares. But by the third quarter, Dell's market value took a hit when its average descended down to about $14 from $17 in the second quarter.
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Dell Inc. ( DELL ) Technology solutions and products maven Dell Inc. has a dividend yield of 3.1 percent, and a payout ratio of 0.05. In 2012, Simpson's highest reported holding of Dell shares was in the first half of the year when he had over $6 million shares. But by the third quarter, Dell's market value took a hit when its average descended down to about $14 from $17 in the second quarter.
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Dell Inc. ( DELL ) Technology solutions and products maven Dell Inc. has a dividend yield of 3.1 percent, and a payout ratio of 0.05. In 2012, Simpson's highest reported holding of Dell shares was in the first half of the year when he had over $6 million shares. But by the third quarter, Dell's market value took a hit when its average descended down to about $14 from $17 in the second quarter.
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Dell Inc. ( DELL ) Technology solutions and products maven Dell Inc. has a dividend yield of 3.1 percent, and a payout ratio of 0.05. In 2012, Simpson's highest reported holding of Dell shares was in the first half of the year when he had over $6 million shares. But by the third quarter, Dell's market value took a hit when its average descended down to about $14 from $17 in the second quarter.
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ea560b22-f04c-46d9-b52b-d03fcdff4bdd
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726581.0
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2013-01-03 00:00:00 UTC
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Stock Market News for January 3, 2013 - Market News
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DELL
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https://www.nasdaq.com/articles/stock-market-news-for-january-3-2013-market-news-2013-01-03
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nan
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nan
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Lawmakers managed to seal a last-minute deal on the Fiscal Cliff issue, giving benchmarks a reason to kick off the New Year with a strong rally. The bullish sentiment helped the S&P 500 register its biggest daily gain in more than a year. Meanwhile, a couple of domestic reports were released. The ISM Manufacturing index increased in December whereas construction spending declined in November. All ten of the S&P 500 industry groups rallied and the technology sector emerged as the biggest gainer.
The Dow Jones Industrial Average (DJI) gained 2.4% to close the day at 13,412.55. The Standard & Poor 500 (S&P 500) surged 2.5% to finish yesterday's trading session at 1,462.42. The tech-laden Nasdaq Composite Index jumped 3.1% to end at 3,112.26.The fear-gauge CBOE Volatility Index (VIX) plunged 18.5% to settle at 14.68. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 7.8 billion shares, significantly higher than the daily average of 6.42 billion shares. Advancing stocks easily outpaced decliners on the NYSE; as for 86% stocks that rose, only 13% stocks moved lower.
Benchmarks ended 2012 on a high note and carried on the momentum into the New Year as the Fiscal Cliff crisis was finally resolved. The blue-chip index posted its largest gain since December 2011. The index is only 5% behind its record high close recorded in October 2007. The bullish sentiment in markets also pushed the VIX, the market's fear gauge to its lowest level since October 2012. Despite recent declines due to the Cliff issue benchmarks finished in the green for 2012.
Congress sealed a deal on the Fiscal Cliff issue late on Tuesday night. Despite continuing tension between Republicans and Democrats, an agreement has finally been reached. Individuals earning more than $400,000 and couples earning above $450,000 annually will have to pay higher taxes. Lawmakers increased tax rates for rich Americans but delayed spending cuts of $109 billion in military and domestic programs for two months.
President Barack Obama said: "A central promise of my campaign for president was to change the tax code that was too skewed towards the wealthy at the expense of working middle-class Americans." "Tonight we've done that." President Obama flew back to Hawaii to resume his holiday. According to marker experts it will not be easy going for investors in the coming two months as discussions over the debt ceiling will soon begin.
Investors have ignored a number of domestic reports in the recent days as the Fiscal Cliff issue has completely dominated proceedings. According to the Institute for Supply Management, the ISM Manufacturing index increased 1.2% to 50.7 from a November reading of 49.5. This was above consensus estimates of 50.3. According to the report, manufacturing activity has increased for the third time in seven months. In December new orders remained flat at 50.3 whereas the employment index surged 4.3% to 52.7. The production and inventories indexes were the only decliners in December.
Meanwhile, construction spending decreased for the first time in eight months in November. Construction spending decreased 0.3% to a seasonally adjusted annual rate of $866.0 billion from the revised October figure of $868.2 billion. This is contrary to consensus estimates of an increase of 0.7%. Private construction spending decreased 0.2% and was at a seasonally adjusted annual rate of $589.8 billion from the revised October figure of $590.8 billion. Public construction spending also declined in November, by 0.4% to a seasonally adjusted annual rate $276.2 billion, lower than the revised October figure of $277.4 billion.
The technology sector emerged as the biggest gainer among the S&P 500 industry groups and the Technology SPDR (XLK) gained 3.0%. Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), SanDisk Corporation (NASDAQ: SNDK ) and Microsoft Corporation (NASDAQ: MSFT ) jumped 3.2%, 5.4%, 5.3%, 2.9% and 3.4%, respectively.
APPLE INC (AAPL): 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
SANDISK CORP (SNDK): 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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Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), SanDisk Corporation (NASDAQ: SNDK ) and Microsoft Corporation (NASDAQ: MSFT ) jumped 3.2%, 5.4%, 5.3%, 2.9% and 3.4%, respectively. APPLE INC (AAPL): 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 SANDISK CORP (SNDK): Free Stock Analysis Report To read this article on Zacks.com click here. Lawmakers managed to seal a last-minute deal on the Fiscal Cliff issue, giving benchmarks a reason to kick off the New Year with a strong rally.
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Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), SanDisk Corporation (NASDAQ: SNDK ) and Microsoft Corporation (NASDAQ: MSFT ) jumped 3.2%, 5.4%, 5.3%, 2.9% and 3.4%, respectively. APPLE INC (AAPL): 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 SANDISK CORP (SNDK): Free Stock Analysis Report To read this article on Zacks.com click here. Public construction spending also declined in November, by 0.4% to a seasonally adjusted annual rate $276.2 billion, lower than the revised October figure of $277.4 billion.
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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 MICROSOFT CORP (MSFT): Free Stock Analysis Report SANDISK CORP (SNDK): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), SanDisk Corporation (NASDAQ: SNDK ) and Microsoft Corporation (NASDAQ: MSFT ) jumped 3.2%, 5.4%, 5.3%, 2.9% and 3.4%, respectively. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 7.8 billion shares, significantly higher than the daily average of 6.42 billion shares.
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Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), SanDisk Corporation (NASDAQ: SNDK ) and Microsoft Corporation (NASDAQ: MSFT ) jumped 3.2%, 5.4%, 5.3%, 2.9% and 3.4%, respectively. APPLE INC (AAPL): 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 SANDISK CORP (SNDK): Free Stock Analysis Report To read this article on Zacks.com click here. The ISM Manufacturing index increased in December whereas construction spending declined in November.
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ebb61097-1029-44cf-9249-7f8f896ee0fc
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726582.0
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2013-01-02 00:00:00 UTC
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Finally Some Good News for H-P - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/finally-some-good-news-for-h-p-analyst-blog-2013-01-02
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nan
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nan
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Despite the tumultuous situation surrounding the Autonomy issue (H-P's Autonomy Buy: A Blame Game), the PC giant Hewlett-Packard Co. ( HPQ ) ended the year on a positive note. The company (aka H-P) retained a federal contract worth $543.0 million despite IBM 's ( IBM ) protest. The contract was held back for evaluation issues, reports Bloomberg.
Back in June, a contract was announced by the Department of Veterans Affairs (VA). The 5-year wireless tracking contract required the 90 competing companies to provide a technology to reduce the number of lost equipment, monitor sterilization of medical devices and identify patients receiving recalled products.
H-P was initially awarded the contract. In response, IBM challenged the agency's decision and its evaluation process before the U.S. Government Accountability Office (GAO), the agency to resolve contract disputes.
The GAO held the Department of VA guilty of not evaluating the proposal properly and ordered a re-run of the selection process.
The re-evaluation process turned out to be positive for H-P as the agency found H-P's technological support to be the most competent.
A win against IBM and the federal agency's continued reliance on its services is certainly a reason to cheer for H-P. But the pending decision regarding the authenticity of accounting irregularities in Autonomy's financials (before the acquisition deal) and declining revenue trend (owing to soft PC market and strained IT spending) is keeping the tech giant under pressure.
Currently, H-P has a Zacks #3 Rank (Hold). Its archrivals Dell Inc. ( DELL ) and IBM also have a Zacks #3 Rank (Hold).
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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Its archrivals Dell Inc. ( DELL ) and IBM also have a Zacks #3 Rank (Hold). 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. The 5-year wireless tracking contract required the 90 competing companies to provide a technology to reduce the number of lost equipment, monitor sterilization of medical devices and identify patients receiving recalled products.
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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. Its archrivals Dell Inc. ( DELL ) and IBM also have a Zacks #3 Rank (Hold). The contract was held back for evaluation issues, reports Bloomberg.
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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. Its archrivals Dell Inc. ( DELL ) and IBM also have a Zacks #3 Rank (Hold). The company (aka H-P) retained a federal contract worth $543.0 million despite IBM 's ( IBM ) protest.
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Its archrivals Dell Inc. ( DELL ) and IBM also have a Zacks #3 Rank (Hold). 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. The contract was held back for evaluation issues, reports Bloomberg.
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8a61e00d-97fc-49fe-a0ee-65cc2b3863f4
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726583.0
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2012-12-31 00:00:00 UTC
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The 3 Computer Stocks Delphi's Scott Black Wouldn't Own
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DELL
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https://www.nasdaq.com/articles/3-computer-stocks-delphis-scott-black-wouldnt-own-2012-12-31
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nan
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nan
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At Barron's 2012 Art of Successful Investing Conference, renowned investor Scott Black of Delphi Asset Management commented on his stock holdings and the one sector he does not want to own right now.
"I would avoid the PC stocks," he said . "Obviously, I would not own Dell ( DELL ), Hewlett ( HPQ ) or Intel ( INTC ), even though Intel's a great company."
Computer sales have been increasing annually since 2001, but are expected to decline for the first time in 2011, according to research from HIS iSuppli. HIS iSuppli forecasts that PC shipments will decline 1.2% to 349 million, a decrease from 353 million last year. Gartner research reports that PC shipments declined by 8% in the third quarter, due to lack of the usual back-to-school PC sales bump.
Both of the research firms primarily blame the iPad for eroding PC sales.
"There was great hope through the first half that 2012 would prove to be a rebound year for the PC market," said Craig Stice, senior principal analyst for computer systems at IHS. "Optimism has vanished and turned to doubt, and the industry is now training its sights on 2013 to deliver the hoped-for rebound."
Black has developed a proprietary research process he has described as "old Warren Buffett -style," in which he requires his stocks to have the following criteria:
� Have over 14% return on equity
� Have a strong three-to-five-year record of earnings and revenue growth
� Have a P/B ratio under 2.5
� Are deleveraged
Some of the stocks he mentioned met a majority of his criteria, but are facing declining sales in their primary PC businesses.
Dell ( DELL )
Return on equity: 34.55
Five-year revenue growth: 5.5%
Five-year EBITDA growth: 10.9%
P/B ratio: 1.71
Long-term liabilities and debt: $13.44 billion
Dell is a computer and services company founded in 1984 and whose stock has declined 59% over the past five years to trade for $10.15 on Monday.
In the third quarter of fiscal 2013, the company's revenue from software and peripherals, mobility products and desktop PCs reduced 16%, 24% and 14%, respectively, in its large enterprise segment. Its consumer segment experienced a 23% revenue decline, due primarily to a challenging pricing environment, a decision to limit participation in lower-value offerings and competition from alternative mobile computing devices such as tablets, and smart phones. Desktop PC revenue in the sector declined 9% in the quarter, due to a 6% decline in the number of units sold and a 3% decline in the average selling price.
Overall, the company's revenue in the third quarter fell 11% year over year to $13.7 billion due to the contraction in desktop and mobility revenue. GAAP net income fell 47% to $475 million.
Dell is in the process of making a strategic transition to a portfolio of products that provide "higher-value and recurring revenue streams over time," it said in its most recent 10-K. As part of this strategy, we emphasize expansion of our enterprise solutions and services, which includes servers, networking, storage, and services. We believe the most attractive areas for profitable growth include data center and information management as well as client and cloud computing. We believe software will enhance our enterprise solutions, and accordingly, in early Fiscal 2013, we launched our newly formed software group to expand our ability to execute in strategic areas that are important to our customers. We now have four solutions groups to support our global business segments: enterprise solutions, services, end-user computing, and software."
It is also intensifying its focus on emerging countries and acquisitions to achieve growth. The shifts in strategy have led to an improvement in its operating margins.
Hewlett-Packard ( HPQ )
Return on equity: -55.2
Five-year revenue growth: 13.8%
Five-year EBITDA growth: 12%
P/B ratio: 1.21
Long-term liabilities and debt: $39.27 billion
Hewlett-Packard is technology, software, solutions and services company whose stock has lost 72% of its market value over the last five years to trade for $14.22 on Monday. PC, server, storage, networking and imaging and printing products compose the core of HP's business.
HP is also in the process of transformation. "As we discussed during our Securities Analyst Meeting last month, fiscal 2012 was the first year in a multiyear journey to turn HP around," said Meg Whitman, HP president and CEO.
In the fiscal year ended Oct. 31, HP's net revenue from its personal systems segment declined for the third year, to $35.7 billion from $39.57 billion in 2011. The decline included a 6.3% decline in notebook PC sales, a 3.4% decline in desktop PC sales and a 0.2% decline in workstation sales. The declines resulted from fewer PCs sold, and was partially offset by an increase in average selling prices.
Whitman was encouraged to see improvements in new product releases and customer wins. The company saw fourth quarter revenue increases in only two of its six segments: software and HP financial services.
Intel ( INTC )
Return on equity: 28.2%
Five-year revenue growth: 9.6%
Five-year EBITDA growth: 21.7%
P/B ratio: 2.09
Long-term liabilities and debt: $13.2 billion
Intel Corp. is a designer and manufacturer of integrated digital technology platforms. Its stock has declined 23% over the last five years to trade for $20.62 on Monday.
In its third quarter, Intel reported revenue of $8.6 billion in its PC client group segment, which was flat sequentially and down 8 percent year over year. Revenues increased year over year in its four other segments: data center group, other Intel architecture operating segments, software and services operating segments and all other.
The company attributed the PC client group sales decline to weakness in the macroeconomic environment, which caused softness in both the consumer and enterprise market segments. It also faced reduced inventory levels in the PC market due to macroeconomic uncertainty and the expected launch of Microsoft ( MSFT ) Windows 8. It is expecting a 1% sequential revenue increase for the fourth quarter 2012.
Our third-quarter results reflected a continuing tough economic environment," said Paul Otellini, Intel president and CEO. "The world of computing is in the midst of a period of breakthrough innovation and creativity. As we look to the fourth quarter, we're pleased with the continued progress in Ultrabooks and phones and excited about the range of Intel-based tablets coming to market."
The company is counting primarily on a strong product portfolio, including: its new Ultrabook to be released in the fourth quarter, a higher-performance and more energy-efficient server platform positioned for growth in the cloud computing and Internet data storage markets, new Intel-based smartphone designs launched in the third quarter such as the MegaFon Mint in Russia and Motorola RAZRi in certain European and Latin American countries, and 20 tablet designs based on its latest Intel Atom processors expected to be released along with the Windows 8 touch operating system in the fourth quarter.
Overall, Intel's fourth quarter revenue was $13.5 billion, flat year over year, and net income was $3 billion, up 5.1% year over year.
See more of the stocks Scott Black would own in his portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of Scott BlackAbout 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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"Obviously, I would not own Dell ( DELL ), Hewlett ( HPQ ) or Intel ( INTC ), even though Intel's a great company." Dell ( DELL ) Return on equity: 34.55 Five-year revenue growth: 5.5% Five-year EBITDA growth: 10.9% P/B ratio: 1.71 Long-term liabilities and debt: $13.44 billion Dell is a computer and services company founded in 1984 and whose stock has declined 59% over the past five years to trade for $10.15 on Monday. Dell is in the process of making a strategic transition to a portfolio of products that provide "higher-value and recurring revenue streams over time," it said in its most recent 10-K. As part of this strategy, we emphasize expansion of our enterprise solutions and services, which includes servers, networking, storage, and services.
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Dell ( DELL ) Return on equity: 34.55 Five-year revenue growth: 5.5% Five-year EBITDA growth: 10.9% P/B ratio: 1.71 Long-term liabilities and debt: $13.44 billion Dell is a computer and services company founded in 1984 and whose stock has declined 59% over the past five years to trade for $10.15 on Monday. "Obviously, I would not own Dell ( DELL ), Hewlett ( HPQ ) or Intel ( INTC ), even though Intel's a great company." Dell is in the process of making a strategic transition to a portfolio of products that provide "higher-value and recurring revenue streams over time," it said in its most recent 10-K. As part of this strategy, we emphasize expansion of our enterprise solutions and services, which includes servers, networking, storage, and services.
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Dell ( DELL ) Return on equity: 34.55 Five-year revenue growth: 5.5% Five-year EBITDA growth: 10.9% P/B ratio: 1.71 Long-term liabilities and debt: $13.44 billion Dell is a computer and services company founded in 1984 and whose stock has declined 59% over the past five years to trade for $10.15 on Monday. "Obviously, I would not own Dell ( DELL ), Hewlett ( HPQ ) or Intel ( INTC ), even though Intel's a great company." Dell is in the process of making a strategic transition to a portfolio of products that provide "higher-value and recurring revenue streams over time," it said in its most recent 10-K. As part of this strategy, we emphasize expansion of our enterprise solutions and services, which includes servers, networking, storage, and services.
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"Obviously, I would not own Dell ( DELL ), Hewlett ( HPQ ) or Intel ( INTC ), even though Intel's a great company." Dell ( DELL ) Return on equity: 34.55 Five-year revenue growth: 5.5% Five-year EBITDA growth: 10.9% P/B ratio: 1.71 Long-term liabilities and debt: $13.44 billion Dell is a computer and services company founded in 1984 and whose stock has declined 59% over the past five years to trade for $10.15 on Monday. Dell is in the process of making a strategic transition to a portfolio of products that provide "higher-value and recurring revenue streams over time," it said in its most recent 10-K. As part of this strategy, we emphasize expansion of our enterprise solutions and services, which includes servers, networking, storage, and services.
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b1e16379-1e9b-423d-b1b0-71015527d82c
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726584.0
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2012-12-28 00:00:00 UTC
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IBM Reiterated at Neutral - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/ibm-reiterated-at-neutral-analyst-blog-2012-12-28
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nan
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nan
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We reiterate our Neutral recommendation on International Business Machines Corp. ( IBM ) primarily due to its sluggish top-line performance over the last two quarters. Moreover, tepid growth in the services segment and continued decline in its hardware revenues also keeps us cautious on the stock.
We believe increasing volatility in the outsourcing business is expected to impact IBM's revenue and earnings power in the near term. The company could miss revenue targets and top-line growth may decelerate going forward due to the reduction in long-term signings. Moreover, increasing competition from Dell ( DELL ), Oracle ( ORCL ), Hewlett-Packard ( HPQ ), EMC ( EMC ) and NetApp ( NTAP ) in the hardware segment is a cause of concern going forward.
IBM's strong market share and growth in the enterprise segment make it dependent on enterprise and government IT spending patterns. Therefore, the company's results closely follow the industry trends. As government spending contributes a significant portion of IBM's top line, we believe any decline in IT spending does not bode well for the company going forward.
Nonetheless, we believe that IBM remains well positioned for long-term growth based on its four key growth initiatives: smarter planet, growth markets, business analytics and cloud computing, which are expected to deliver at least $50 billion in revenues by fiscal 2015. Further, IBM's strong product pipeline, expansion into emerging markets and continuous acquisitions will help it to achieve this target going forward.
Moreover, IBM's restructuring efforts are making headway, resulting in an improved bottom line. Further, the combination of a better business mix, improving operating leverage through productivity gains and increased investment in growth opportunities will augment growth in 2012 and beyond.
We also remain positive on the company's growing profit margins coupled with strong cash flow generating abilities. The company's effort to return $20 billion in the form of dividends to its shareholders over the next five years is also commendable. Additionally, strong cash flow abilities give IBM the financial flexibility required for strategic investments in the changing business environment. Considering the company's liquidity and emphasis on profitability, we believe IBM's solid growth rates may be sustainable.
Currently, IBM has a Zacks #3 Rank (Hold).
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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, increasing competition from Dell ( DELL ), Oracle ( ORCL ), Hewlett-Packard ( HPQ ), EMC ( EMC ) and NetApp ( NTAP ) in the hardware segment is a cause of concern going forward. DELL INC (DELL): Free Stock Analysis Report EMC CORP -MASS (EMC): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report NETAPP INC (NTAP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. We reiterate our Neutral recommendation on International Business Machines Corp. ( IBM ) primarily due to its sluggish top-line performance over the last two quarters.
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Moreover, increasing competition from Dell ( DELL ), Oracle ( ORCL ), Hewlett-Packard ( HPQ ), EMC ( EMC ) and NetApp ( NTAP ) in the hardware segment is a cause of concern going forward. DELL INC (DELL): Free Stock Analysis Report EMC CORP -MASS (EMC): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report NETAPP INC (NTAP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. IBM's strong market share and growth in the enterprise segment make it dependent on enterprise and government IT spending patterns.
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DELL INC (DELL): Free Stock Analysis Report EMC CORP -MASS (EMC): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report NETAPP INC (NTAP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. Moreover, increasing competition from Dell ( DELL ), Oracle ( ORCL ), Hewlett-Packard ( HPQ ), EMC ( EMC ) and NetApp ( NTAP ) in the hardware segment is a cause of concern going forward. IBM's strong market share and growth in the enterprise segment make it dependent on enterprise and government IT spending patterns.
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Moreover, increasing competition from Dell ( DELL ), Oracle ( ORCL ), Hewlett-Packard ( HPQ ), EMC ( EMC ) and NetApp ( NTAP ) in the hardware segment is a cause of concern going forward. DELL INC (DELL): Free Stock Analysis Report EMC CORP -MASS (EMC): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report INTL BUS MACH (IBM): Free Stock Analysis Report NETAPP INC (NTAP): Free Stock Analysis Report ORACLE CORP (ORCL): Free Stock Analysis Report To read this article on Zacks.com click here. The company could miss revenue targets and top-line growth may decelerate going forward due to the reduction in long-term signings.
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fbf5cd16-3fad-4f26-922f-fae22dfcb159
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726585.0
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2012-12-27 00:00:00 UTC
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Is Apple's iPad, MacBook Air Behind the Death of the Netbook?
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DELL
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https://www.nasdaq.com/articles/apples-ipad-macbook-air-behind-death-netbook-2012-12-27
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nan
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nan
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Netbooks were supposed to be the future of portable computing. As smaller, thinner and lighter versions of traditional laptop computers, netbooks were designed to be an energy-friendly, cost-effective alternative to expensive PCs. Consumers were receptive to the idea but apprehensive of the price. Netbooks initially retailed for upwards of $300. Many of them, including high-end models from Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), retailed for more than $400. For an additional $100 to $300, consumers could buy a full-size laptop instead.
After testing the first- and second-generation netbooks, consumers learned that while the battery life was great (many of them could run for at least four hours), the processing power was not. This made it difficult to do anything more than surf the Web, check e-mail and write documents. The latter task was hindered by the smaller frame and awkward keyboard shape that most netbooks provided. Consumers with large hands were particularly bothered by this element.
Regardless, tech companies continued to push the netbook format for quite some time. That began to change after Apple (NASDAQ: AAPL ) unveiled the remodeled MacBook Air in 2010. The computer may not have been revolutionary, but it was thinner and lighter than most on the market. It also came with a solid state hard drive, enabling it to load programs faster and move in and out of standby in seconds.
Apple released the 2010 MacBook Air in two sizes: 13-inch and 11-inch. The latter was about the size of a netbook, but the price (starting at $1,000) was closer to that of a full-size computer. Apple got away with this pricing structure because the Air was so much more powerful than any other PC in its class. The light weight and reliable storage option (solid state drives do not have any moving parts) added to the Air's appeal.
The Air was not the only game-changing product released two years ago. In 2010, Apple also introduced the first iPad. With a starting price of $500, the iPad was only slightly more expensive than a high-end netbook.
Fast-forward to 2012, the year in which Apple announced that the iPad had sold more than 100 million units worldwide. At the same time, worldwide netbook sales continue to decline .
Dell and Hewlett-Packard are among the major manufacturers that no longer produce netbooks. According to DigiTimes , Acer and Asus will soon follow suit and cease production of new netbooks.
Apple no doubt started the trend that killed the notebook, but it is not the only company responsible. Intel (NASDAQ: INTC ), which announced its Ultrabook initiative in 2011, has been trying to build processors for a lower-cost MacBook Air competitor. Some of the older Ultrabooks, which typically started in the $1,000 price range, now retail for roughly $700. They may not be as small or as cheap as a netbook, but Ultrabooks tend to be much better machines.
In addition to the efforts of Apple, Intel and other manufacturers, the death of netbooks must also be placed on the netbooks themselves. No matter how much money consumers were willing to spend, they rarely lived up to expectations. In addition to the cheaper plastics, weak touch pads and uncomfortable keyboards, netbooks also came with low-resolution screens. Consumers quickly found that they could perform more tasks with a smartphone, most of which feature high-resolution displays.
While the netbook concept may have been a failure, its spirit will live on in future MacBook Airs, Ultrabooks and tablet/laptop hybrids that attempt to cram a powerful PC into one tiny package.
Follow me @LouisBedigianBZ
(c) 2012 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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Many of them, including high-end models from Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), retailed for more than $400. Dell and Hewlett-Packard are among the major manufacturers that no longer produce netbooks. As smaller, thinner and lighter versions of traditional laptop computers, netbooks were designed to be an energy-friendly, cost-effective alternative to expensive PCs.
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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. Many of them, including high-end models from Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), retailed for more than $400. Dell and Hewlett-Packard are among the major manufacturers that no longer produce netbooks.
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Many of them, including high-end models from Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), retailed for more than $400. Dell and Hewlett-Packard are among the major manufacturers that no longer produce netbooks. The latter was about the size of a netbook, but the price (starting at $1,000) was closer to that of a full-size computer.
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Many of them, including high-end models from Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ), retailed for more than $400. Dell and Hewlett-Packard are among the major manufacturers that no longer produce netbooks. Apple released the 2010 MacBook Air in two sizes: 13-inch and 11-inch.
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53f8eb47-9c60-442f-bc83-007d056fab00
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726586.0
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2012-12-26 00:00:00 UTC
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Rumor: Windows 9 Already in Production
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DELL
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https://www.nasdaq.com/articles/rumor-windows-9-already-production-2012-12-26
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nan
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nan
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Two months ago, Microsoft (NASDAQ: MSFT ) released Windows 8, the long-awaited upgrade to its popular operating system. Somewhere around 40 million licenses were purchased in the first month. Sony (NYSE: SNE ) and Dell (NYSE: DELL ) were among the companies to benefit from the release of Windows 8. Asus was not nearly as lucky .
Microsoft executives maintain their view that 400 million Windows 8 devices will be produced in 2013. This includes the Windows Phone 8 platform, which is expected to grow by 150 percent next year.
With so much hype for Windows 8, it might be hard to imagine that Microsoft is already developing another upgrade. However, that is exactly what one rumor suggests. According to ExtremeTech , Windows Blue -- or Windows 9, as it may be called -- will increase the customization of the new user interface. Tiles will be "highly resizable," the publication claims, adding that the traditional Windows desktop will receive a visual update to conform to the "Metro style."
What's interesting is that this upgrade, which sounds rather mild, may be released one year after the current operating system. The idea is to provide consumers with a new OS that is essentially a more refined version of Windows 8. This could train existing users to download frequent upgrades, similar to the strategy Apple (NASDAQ: AAPL ) employed with the most recent versions of OS X.
While there could be some truth to this rumor (Microsoft would be foolish to ignore the opportunity to improve its products), it is unlikely that the firm will charge for an upgrade that is released this soon. Some Windows 8 users love the product -- some don't. The latter group (users who are not happy with their purchase) is the most crucial one that Microsoft has acquired.
The Windows maker cannot expect to realistically sell them a copy of Windows 8 this year and another upgrade in 2013. For comparison sake, Apple charges relatively lower prices than Microsoft for its OS updates, and releases them roughly every two years.
A more plausible scenario is that Microsoft is working to refine Windows 8 and will release a service patch to those who have already purchased the software. The deal might be temporary; Microsoft could impose a deadline to inspire its users to act fast, all the while encouraging newcomers to make the shift to Windows 8.
Microsoft may also plan to release these upgrades as part of the standard (free) updates, which means no one would pay for them.
Unlike Apple, which rises and falls on rumors of new iDevices, Microsoft's stock price is not typically impacted by Windows rumors or speculation. The company is currently trading down less than one percent. Year-to-date, Microsoft is up roughly one percent.
Follow me @LouisBedigianBZ
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. 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.
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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Sony (NYSE: SNE ) and Dell (NYSE: DELL ) were among the companies to benefit from the release of Windows 8. Tiles will be "highly resizable," the publication claims, adding that the traditional Windows desktop will receive a visual update to conform to the "Metro style." This could train existing users to download frequent upgrades, similar to the strategy Apple (NASDAQ: AAPL ) employed with the most recent versions of OS X.
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Sony (NYSE: SNE ) and Dell (NYSE: DELL ) were among the companies to benefit from the release of Windows 8. Two months ago, Microsoft (NASDAQ: MSFT ) released Windows 8, the long-awaited upgrade to its popular operating system. For comparison sake, Apple charges relatively lower prices than Microsoft for its OS updates, and releases them roughly every two years.
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Sony (NYSE: SNE ) and Dell (NYSE: DELL ) were among the companies to benefit from the release of Windows 8. Two months ago, Microsoft (NASDAQ: MSFT ) released Windows 8, the long-awaited upgrade to its popular operating system. The Windows maker cannot expect to realistically sell them a copy of Windows 8 this year and another upgrade in 2013.
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Sony (NYSE: SNE ) and Dell (NYSE: DELL ) were among the companies to benefit from the release of Windows 8. Somewhere around 40 million licenses were purchased in the first month. The idea is to provide consumers with a new OS that is essentially a more refined version of Windows 8.
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512195d3-7920-4f07-80da-bf09e7a46c63
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726587.0
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2012-12-24 00:00:00 UTC
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Microsoft Windows 8 Off to Slow Start?
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DELL
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https://www.nasdaq.com/articles/microsoft-windows-8-slow-start-2012-12-24
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nan
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nan
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Sales of Microsoft's (NASDAQ: MSFT ) Windows 8 appear to be off to a slow start, according to a report from The New York Times .
The paper cited Acer's President of the Americas division, Emmanuel Fromont, who told The New York Times there's "no question" that sales are sluggish.
Across the board, 2012 has been a brutal year for PC names.
Chip makers AMD (NYSE: AMD ) and Intel (NASDAQ: INTC ) are down about 50 percent and 14 percent, respectively. Both companies have no major exposure to the emerging mobile computing market, and continue to rely on chips produced for classic PCs (to be fair, they both have plans for mobile chips, but such devices are not among their current portfolio of products).
Likewise, U.S.-based PC OEMs Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ) have also given shareholders abysmal returns. H-P has been hit by other factors -- the accounting issue at Autonomy chief among them -- but Dell hasn't had H-P's unique issues, and shares are still down almost 30 percent year-to-date.
Microsoft has thus far managed to avoid the struggles of its partners, as shares are up a modest 4.5 percent year-to-date (including a one percent drop on Monday).
Windows 8 might prove to be another Vista -- Vista being an operating system that was largely panned, only to be followed by Windows 7, a more polished version.
Yet, it may be too early to write off Windows 8 just yet.
The operating system was released just two months ago. Its predecessor, Windows 7, was largely well-received by tech critics, many of whom labeled it the best version of Windows ever. Although Microsoft has made it fairly cheap to upgrade, most PC users may simply have no good reason to make the switch.
Windows 8 has a number of "under the hood" performance upgrades, but the average user is likely to only see Windows 8 for its Metro interface. That interface -- optimized for a touch screen device -- brings little additional utility to a classic PC.
Thus, Windows 8 might see its growth primarily from the sale of new devices. On that front, Microsoft's flagship device, The Surface, may have struggled from limited availability.
Until very recently, the Surface was only available online or through a Microsoft retail store. With many states and urban areas lacking a Microsoft retail location, millions of consumers simply weren't able to get their hands on the device.
As for traditional PCs, and the host of new touch-enabled devices designed with Windows 8 in mind, demand may be curtailed by still fledgling economy.
Shares of Microsoft traded near $27 on Monday.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. 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.
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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Likewise, U.S.-based PC OEMs Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ) have also given shareholders abysmal returns. H-P has been hit by other factors -- the accounting issue at Autonomy chief among them -- but Dell hasn't had H-P's unique issues, and shares are still down almost 30 percent year-to-date. The paper cited Acer's President of the Americas division, Emmanuel Fromont, who told The New York Times there's "no question" that sales are sluggish.
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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. Likewise, U.S.-based PC OEMs Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ) have also given shareholders abysmal returns. H-P has been hit by other factors -- the accounting issue at Autonomy chief among them -- but Dell hasn't had H-P's unique issues, and shares are still down almost 30 percent year-to-date.
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Likewise, U.S.-based PC OEMs Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ) have also given shareholders abysmal returns. H-P has been hit by other factors -- the accounting issue at Autonomy chief among them -- but Dell hasn't had H-P's unique issues, and shares are still down almost 30 percent year-to-date. Sales of Microsoft's (NASDAQ: MSFT ) Windows 8 appear to be off to a slow start, according to a report from The New York Times .
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Likewise, U.S.-based PC OEMs Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ) have also given shareholders abysmal returns. H-P has been hit by other factors -- the accounting issue at Autonomy chief among them -- but Dell hasn't had H-P's unique issues, and shares are still down almost 30 percent year-to-date. Sales of Microsoft's (NASDAQ: MSFT ) Windows 8 appear to be off to a slow start, according to a report from The New York Times .
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577a4f6c-4803-4aa7-8f9b-3c7cd707b080
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726588.0
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2012-12-21 00:00:00 UTC
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Dell Wins $45M Deal - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-wins-%2445m-deal-analyst-blog-2012-12-21
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nan
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nan
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Dell Inc. ( DELL ) is winning number of deals recently and has now won a deal from the United States Navy Medical Logistics Command and the United States Army Integrated Clinical Systems PMO. These U.S. departments will implement Dell's Unified Clinical Archive (UCA) solution.
This particular task order is a part of the Digital Imaging Network Picture Archiving Communications System III (DIN-PACS III) contract. The task order has been given to Brit Systems team, which comprised Dell and Acuo Technologies. The total order is worth $45 million. The contract will let the Army and Navy share Picture Archiving and Communications Systems (PACS) images between military bases and branches worldwide. They will be able to access and share medical images for 49 hospitals, with the help of Dell and its partners.
The growth of Electronic Health Records (HER) began with the federal government announcing an incentive for the same in February 2009 whereby, the Obama administration approved the spending of $30 billion in economic stimulus money, which will ultimately help the doctors and hospitals buy the equipment needed to convert medical record-keeping from paper files. Dell is constantly benefiting from this opportunity.
Not only is Dell winning deals at a good pace, but it is also getting repeat orders from its existing customers. Dell is also coming up with other strategies to strengthen its foothold in the market. The company has recently added two new touch screen devices to its flagship series of XPS laptops. The XPS 10 is a Windows tablet, whereas the XPS Duo 12 Ultrabook falls somewhere between a tablet and a laptop.
The two devices have received encouraging reviews for their robust hardware design and good performance. This will help Dell win some big ticket corporate customer and will help the company improve its customer base.
We understand that the shift to the higher-margin enterprise business is critical to Dell's survival and success. For the past few quarters, Dell's financial results have failed to impress investors and we believe that the main reason for the disappointment was the delay in the order renewal process. However, keeping in mind the increasing demand for cloud solutions we are cautiously optimistic about Dell's progress in the future.
Currently, Dell has a Zacks #3 Rank (short-term Hold rating). Although the company is exploring new sources of revenue through acquisitions, it expects further decline in PC shipments. Moreover, competition faced by the company in the SMB and server segments from players like Hewlett-Packard Company(HPQ) and Cisco Systems Inc.( CSCO) is also a concern.
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
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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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For the past few quarters, Dell's financial results have failed to impress investors and we believe that the main reason for the disappointment was the delay in the order renewal process. Dell Inc. ( DELL ) is winning number of deals recently and has now won a deal from the United States Navy Medical Logistics Command and the United States Army Integrated Clinical Systems PMO. These U.S. departments will implement Dell's Unified Clinical Archive (UCA) solution.
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CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here. Dell Inc. ( DELL ) is winning number of deals recently and has now won a deal from the United States Navy Medical Logistics Command and the United States Army Integrated Clinical Systems PMO. These U.S. departments will implement Dell's Unified Clinical Archive (UCA) solution.
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Dell Inc. ( DELL ) is winning number of deals recently and has now won a deal from the United States Navy Medical Logistics Command and the United States Army Integrated Clinical Systems PMO. Not only is Dell winning deals at a good pace, but it is also getting repeat orders from its existing customers. CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Not only is Dell winning deals at a good pace, but it is also getting repeat orders from its existing customers. Dell Inc. ( DELL ) is winning number of deals recently and has now won a deal from the United States Navy Medical Logistics Command and the United States Army Integrated Clinical Systems PMO. These U.S. departments will implement Dell's Unified Clinical Archive (UCA) solution.
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618ae1b2-de4f-408d-9057-ef1ecf7593a0
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726589.0
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2012-12-20 00:00:00 UTC
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Dell Agrees to Buy Credant - Analyst Blog
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DELL
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https://www.nasdaq.com/articles/dell-agrees-to-buy-credant-analyst-blog-2012-12-20
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nan
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nan
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Dell Inc. ( DELL ) has agreed to buy data protection solutions provider Credant Technologies. The financial details of the deal were not disclosed. Credant is a supplier of data protection solutions and helps to control, manage and secure data sent from client devices to servers.
This takeover is expected to help Dell's computing solutions business by enhancing the reliability, manageability and security of its enterprise computing portfolio. The acquisition is expected to close during the fourth quarter of this fiscal year. This marks the company's eighth acquisition in a row. The company is making strategic moves to evolve as a full-service technology service provider.
We believe that this acquisition will positively impact Dell. For the past few quarters, Dell's financial results have failed to impress investors and we believe that the main reason for the disappointment is the delay in the IT renewal process. However, this acquisition would be beneficial for the company, as the company is trying to increase its presence in the data protection solutions segment.
Acquisitions have been a major growth driver for Dell.In order to diversify from the fast-changing and sluggish computing market, Dell has taken strategic decisions to expand its storage and software business.
Thus, Dell's acquisitions in the past few years were focused on strengthening its position in this area. In July 2012, Dell completed the $2.4 billion purchase of Quest Software. The acquisition forms the backbone of Dell's software business and helps it better penetrate into the higher-margin enterprise segment. The addition of Quest to the company's portfolio has enabled Dell to deliver better solutions encompassing server, storage, networking and end-user computing solutions and services.
The company is eyeing more such acquisitions as it looks to bolster its portfolio and increase focus on corporate clients. Through such acquisitions, Dell has always made an effort to improve its technological base.
Dell is making considerable effort to recover its past glory. The company reported decent third quarter results with earnings per share in line with the Zacks Consensus Estimate, but revenue and operating income disappointing.
Although the company is exploring new sources of revenue through acquisitions, it expects a further decline in PC shipments. Moreover, competition faced by the company in the SMB and server segments from players like Hewlett-Packard Company ( HPQ ) and Cisco Systems Inc. ( CSCO ) is also a concern.
We therefore have a Zacks #3 Rank on Dell shares, implying a Hold recommendation.
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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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For the past few quarters, Dell's financial results have failed to impress investors and we believe that the main reason for the disappointment is the delay in the IT renewal process. Acquisitions have been a major growth driver for Dell.In order to diversify from the fast-changing and sluggish computing market, Dell has taken strategic decisions to expand its storage and software business. Dell Inc. ( DELL ) has agreed to buy data protection solutions provider Credant Technologies.
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Dell Inc. ( DELL ) has agreed to buy data protection solutions provider Credant Technologies. This takeover is expected to help Dell's computing solutions business by enhancing the reliability, manageability and security of its enterprise computing portfolio. CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Dell Inc. ( DELL ) has agreed to buy data protection solutions provider Credant Technologies. The addition of Quest to the company's portfolio has enabled Dell to deliver better solutions encompassing server, storage, networking and end-user computing solutions and services. CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report To read this article on Zacks.com click here.
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Thus, Dell's acquisitions in the past few years were focused on strengthening its position in this area. The addition of Quest to the company's portfolio has enabled Dell to deliver better solutions encompassing server, storage, networking and end-user computing solutions and services. Dell Inc. ( DELL ) has agreed to buy data protection solutions provider Credant Technologies.
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39f451d9-74dd-4b02-a3ad-6e9982884869
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726590.0
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2012-12-18 00:00:00 UTC
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Windows 8 Has Strong Start Despite Worries
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DELL
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https://www.nasdaq.com/articles/windows-8-has-strong-start-despite-worries-2012-12-18
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nan
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nan
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Quick Take
Microsoft, Windows CFO says, Windows 8 has sold 40 million licenses in the first month of its launch.
This beats Windows 7 which sold 60 million licenses in the first two months.
The news should ease some worries about Windows 8′s slow sales figures.
Notebook and desktop sales was around 353 million in 2011, expected to grow to 450 million by 2019.
Bing is default search engine on Windows 8 and can gain market share, which stood at 4% globally in 2011.
The newly appointed Chief Marketing Officer and Chief Financial Officer of Microsoft's ( MSFT ) Windows division, Tami Reller, announced that the company has sold approximately 40 million Windows 8 licenses during its first month of launch. Reller believes that Windows 8 is keeping pace to match sales of Windows 7, which sold approximately 670 million licenses worldwide.
Overall, we think these figures should put to rest some concerns from investors about the popularity of the Windows 8 operating system. We think that the company has taken a step in the right direction with the Windows 8 OS. We also expect sales of Windows 8 to benefit the Microsoft ecosystem across platforms and help boost Microsoft services such as Bing.
See our complete analysis of Microsoft here
User Interface Success
One key information that came out of Tami Reller's statements was the fact that the new Metro UI (user interface) on Windows 8 has been relatively successful. Reller said, Microsoft has logged 1.5 billion actions on the new user interface, showing that consumers have successfully made the transition from the traditional Microsoft interface to the new tile-based Windows 8 UI.
Another plus point is that customers are personalizing their start screen by adding applications to the platform. For example, an average customer added 19 tiles to their start screen within the first three weeks of using their Windows 8 PC. If we assume that all 40 million licenses were in use and all the tile additions were done via the Windows store, it meas that 760 million applications have been downloaded from the Windows store during this time period. We think these figures should subside some of the worries that Microsoft investors have about the popularity of Windows 8.
Convertible PC Appeal to Consumers
In our opinion, the competitive advantage that Windows 8 has is its touch screen compatibility. This feature has prompted original equipment manufacturer's such as Acer and Lenovo to release touch screen laptops, a feature that isn't yet matched by Apple's ( AAPL ) Macbooks.
We think that the touch screen feature is extremely appealing to consumers torn between the decision to buy a laptop or a tablet. With a convertible laptop to tablet, users can take advantage of both features carrying around a portable machine with both productivity and consumption in mind. We think that this line of products can result in drop in tablet sales over the longer term if laptops continue to get thinner and faster. This could spell trouble for tablet manufacturers as users could opt to buy a small laptop which converts to a tablet versus buying a standalone tablet. If this materializes, we could see PC sales increase faster than our forecasts, consequently providing an upside to our current price estimate for Microsoft.
Benefit To Bing
Another major beneficiary of Windows 8′s success is likely to be Microsoft's search engine, Bing. At present, the search engine has struggled to capture substantial market share, which stood at around 4% globally in 2011.
While we don't yet have data on market share for searches done on Windows 8, we estimate that Bing has higher market share on Windows 8 when compared to its market share on PCs overall. This is the case because Bing is the default search engine on the OS, which has an effect on the choice of search engine used by consumers, especially in tablet mode. Bing has done a good job with its Windows 8 app, creating a faster search experience with a new easy to use tile interface, both of which improve its usability among consumers. We will have to wait for Microsoft to release specific numbers for Bing, but we believe an increase in market share is likely.
We currently have a $42 price estimate for Microsoft which is approximately 50% above the current market price.
Click Here To Understand What Drives A Stock At Trefis
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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With a convertible laptop to tablet, users can take advantage of both features carrying around a portable machine with both productivity and consumption in mind. If this materializes, we could see PC sales increase faster than our forecasts, consequently providing an upside to our current price estimate for Microsoft. Bing has done a good job with its Windows 8 app, creating a faster search experience with a new easy to use tile interface, both of which improve its usability among consumers.
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Bing is default search engine on Windows 8 and can gain market share, which stood at 4% globally in 2011. The newly appointed Chief Marketing Officer and Chief Financial Officer of Microsoft's ( MSFT ) Windows division, Tami Reller, announced that the company has sold approximately 40 million Windows 8 licenses during its first month of launch. Reller believes that Windows 8 is keeping pace to match sales of Windows 7, which sold approximately 670 million licenses worldwide.
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Quick Take Microsoft, Windows CFO says, Windows 8 has sold 40 million licenses in the first month of its launch. The newly appointed Chief Marketing Officer and Chief Financial Officer of Microsoft's ( MSFT ) Windows division, Tami Reller, announced that the company has sold approximately 40 million Windows 8 licenses during its first month of launch. While we don't yet have data on market share for searches done on Windows 8, we estimate that Bing has higher market share on Windows 8 when compared to its market share on PCs overall.
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Convertible PC Appeal to Consumers In our opinion, the competitive advantage that Windows 8 has is its touch screen compatibility. With a convertible laptop to tablet, users can take advantage of both features carrying around a portable machine with both productivity and consumption in mind. Benefit To Bing Another major beneficiary of Windows 8′s success is likely to be Microsoft's search engine, Bing.
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9f2ac159-5d6d-40f0-9feb-98e79e35413f
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726591.0
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2012-12-12 00:00:00 UTC
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Stock Market News for December 12, 2012 - Market News
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DELL
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https://www.nasdaq.com/articles/stock-market-news-for-december-12-2012-market-news-2012-12-12
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nan
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nan
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Investor optimism about a timely solution to the Fiscal Cliff dilemma coupled with expectations of new Treasury bond purchases pushed the benchmarks higher. The Federal Reserve started its two-day policy meeting on Tuesday, at the end of which a new round of bond purchases is likely to be announced. While the Dow and the S&P 500 finished higher for the fifth consecutive day, it was also the S&P 500's best day this month. All ten of the S&P 500 industry groups finished in the green and technology emerged as the biggest gainer.
The Dow Jones Industrial Average (DJI) gained 0.6% to close the day at 13,248.44. The Standard & Poor 500 (S&P 500) rose 0.7% to finish yesterday's trading session at 1,427.84. The tech-laden Nasdaq Composite Index jumped 1.2% to end at 3,022.30. The fear-gauge CBOE Volatility Index (VIX) tumbled 3.0% to settle at 15.57. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.43 billion shares, slightly lower than the daily average of 6.5 billion shares. Advancing stocks easily outpaced decliners on the NYSE; as for 66% stocks that rose, only 31% stocks moved lower.
Benchmarks began yesterday's trading session on a positive note banking on hopes that Congress will strike a deal on time about the Fiscal Cliff issue. In the early part of trading, the blue-chip index had gained as much as 137 points. However, some of those gains were eroded after U.S. Senate Majority Leader Harry Reid's discouraging comments on the issue.
President Barack Obama and House of Representatives Speaker John Boehner had a telephonic conversation about the Fiscal Cliff. According to White House and Congressional aides, President Obama sent a revised offer and Boehner also reciprocated with a counter proposal on Tuesday. However, none of the two shared any details about the proposal. Boehner said: "We're still waiting for the White House to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the American people."
However, U.S. Senate Majority Leader Harry Reid said it will be very difficult for Congress to strike a deal before Christmas. The $600 billion in tax increases and spending cuts will take effect from the beginning of 2013 if Congress fails to strike a deal. According to experts, if this takes effect then it will push the economy back into recession.
Meanwhile, the Federal Reserve began its two-day meeting on Tuesday. Under the ongoing program called "Operation Twist", the Fed has been buying $45 billion in long-term bonds, while selling the same amount in short term debt in another bid to decrease the rates. Investors are expecting that the central bank will announce a new round of bond buying to replace "Operation Twist", which will expire at the end of the year.
The October trade deficit moved up to $42.2 billion from the revised September figure of $40.3 billion. This was below consensus estimates of $42.6 billion. According to the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, October exports were recorded $6.8 billion less than September exports of $187.3 billion. October imports decreased $4.9 billion from September imports of $227.6 billion.
The technology sector enjoyed a good run for the second consecutive day. The Technology SPDR (XLK) gained 1.3% and was the biggest gainer among the S&P 500 industry groups. Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Microsoft Corporation (NASDAQ: MSFT ) and Google Inc (NASDAQ: GOOG ) surged 2.2%, 0.7%, 0.4%, 1.4% and 1.7%, respectively.
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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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Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Microsoft Corporation (NASDAQ: MSFT ) and Google Inc (NASDAQ: GOOG ) surged 2.2%, 0.7%, 0.4%, 1.4% and 1.7%, respectively. 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 MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Investor optimism about a timely solution to the Fiscal Cliff dilemma coupled with expectations of new Treasury bond purchases pushed the benchmarks higher.
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Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Microsoft Corporation (NASDAQ: MSFT ) and Google Inc (NASDAQ: GOOG ) surged 2.2%, 0.7%, 0.4%, 1.4% and 1.7%, respectively. 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 MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.43 billion shares, slightly lower than the daily average of 6.5 billion shares.
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Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Microsoft Corporation (NASDAQ: MSFT ) and Google Inc (NASDAQ: GOOG ) surged 2.2%, 0.7%, 0.4%, 1.4% and 1.7%, respectively. 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 MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 6.43 billion shares, slightly lower than the daily average of 6.5 billion shares.
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Stocks such as Apple Inc. (NASDAQ: AAPL ), Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Microsoft Corporation (NASDAQ: MSFT ) and Google Inc (NASDAQ: GOOG ) surged 2.2%, 0.7%, 0.4%, 1.4% and 1.7%, respectively. 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 MICROSOFT CORP (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. While the Dow and the S&P 500 finished higher for the fifth consecutive day, it was also the S&P 500's best day this month.
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d4da728f-dba8-42d4-aa18-42f8c93c0a54
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726592.0
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2012-12-12 00:00:00 UTC
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After Hours Most Active for Dec 12, 2012 : CX, BBY, RGS, KR, WMT, QQQ, FB, ABV, FTR, FSLR, BRCD, DELL
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-dec-12-2012-cx-bby-rgs-kr-wmt-qqq-fb-abv-ftr-fslr-brcd-dell-2012
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.19 to 2,674.38. The total After hours volume is currently 23,025,051 shares traded.
The following are the most active stocks for the after hours session :
Cemex S.A.B. de C.V. ( CX ) is unchanged at $9.04, with 2,674,767 shares traded. CX's current last sale is 94.02% of the target price of $9.615.
Best Buy Co., Inc. ( BBY ) is +0.41 at $12.59, with 2,518,485 shares traded. BBY's current last sale is 96.85% of the target price of $13.
Regis Corporation ( RGS ) is +0.22 at $17.02, with 1,635,426 shares traded. As reported in the last short interest update the days to cover for RGS is 33.071272; this calculation is based on the average trading volume of the stock.
Kroger Company (The) ( KR ) is -0.0248 at $26.57, with 1,445,937 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2013. The consensus EPS forecast is $0.69. KR's current last sale is 94.88% of the target price of $28.
Wal-Mart Stores, Inc. ( WMT ) is unchanged at $68.94, with 1,014,605 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 $1.16. WMT's current last sale is 86.18% of the target price of $80.
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.13 at $65.70, with 875,309 shares traded. This represents a 21.28% increase from its 52 Week Low.
Facebook, Inc. ( FB ) is -0.0501 at $27.53, with 839,378 shares traded. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Companhia de Bebidas das Americas - AmBev ( ABV ) is unchanged at $42.27, with 783,390 shares traded. ABV's current last sale is 96.12% of the target price of $43.975.
Frontier Communications Corporation ( FTR ) is -0.05 at $4.78, with 766,999 shares traded. As reported in the last short interest update the days to cover for FTR is 28.083088; this calculation is based on the average trading volume of the stock.
First Solar, Inc. ( FSLR ) is +0.0024 at $32.00, with 509,649 shares traded. FSLR's current last sale is 145.45% of the target price of $22.
Brocade Communications Systems, Inc. ( BRCD ) is +0.1199 at $5.54, with 380,862 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2013. The consensus EPS forecast is $0.13. BRCD's current last sale is 85.23% of the target price of $6.5.
Dell Inc. ( DELL ) is +0.0655 at $10.64, with 380,303 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jul 2013. The consensus EPS forecast is $0.41. DELL's current last sale is 94.54% of the target price of $11.25.
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 +0.0655 at $10.64, with 380,303 shares traded. DELL's current last sale is 94.54% of the target price of $11.25. As reported in the last short interest update the days to cover for RGS is 33.071272; this calculation is based on the average trading volume of the stock.
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Dell Inc. ( DELL ) is +0.0655 at $10.64, with 380,303 shares traded. DELL's current last sale is 94.54% of the target price of $11.25. As reported in the last short interest update the days to cover for RGS is 33.071272; this calculation is based on the average trading volume of the stock.
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Dell Inc. ( DELL ) is +0.0655 at $10.64, with 380,303 shares traded. DELL's current last sale is 94.54% of the target price of $11.25. The total After hours volume is currently 23,025,051 shares traded.
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DELL's current last sale is 94.54% of the target price of $11.25. Dell Inc. ( DELL ) is +0.0655 at $10.64, with 380,303 shares traded. The NASDAQ 100 After Hours Indicator is down -.19 to 2,674.38.
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f2580f6c-0f9f-4627-9ed1-6a0f1c1a006f
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726593.0
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2012-12-12 00:00:00 UTC
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5 Reasons Cisco is My Top Tech Pick for 2013
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DELL
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https://www.nasdaq.com/articles/5-reasons-cisco-my-top-tech-pick-2013-2012-12-12-0
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nan
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nan
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Editor's note: This article was originally published on Dec. 12, 2012.
In the past four to five years, investors have been more squarely focused on the consumer end of the tech landscape, bidding up shares of Apple (Nasdaq: AAPL ) , Google (Nasdaq: GOOG ) , Amazon.com (Nasdaq: AMZN ) and others. But on the business end of high-tech, the big winners haven't been such industry leaders. Instead, mostgains have come from small, but growing software and data-storage providers. But this theme may be upended in 2013, as one of the most dominant companies in the enterprise space regains its mojo.
I'm talking about Cisco Systems (Nasdaq: CSCO ) , which has had little to show investors during the past five years.
Blocking and tackling
Although thestock chart may give the impression of a company slowly losing relevance, nothing could be further from the truth. Cisco's operational performance has been quite solid in recent years, especially when compared to stumbling giants such as Hewlett-Packard (NYSE: HPQ ) , Dell (Nasdaq: DELL ) , Computer Sciences (NYSE: CSC ) , and especially when compared to more direct networking competitors such as Juniper Networks (Nasdaq: JNPR ) . Consider that Cisco has generated a whopping $46 billion in cumulative free cash flow during the past five years.
But Cisco can be taken to task for being a little too content to simply squeeze out cash from a largely mature business. Indeed, shares fell out of bed in the summer of 2011 simply because investors could no longer see a long-term path to growth. A number of the company's recent acquisitions had failed to deliver promised growth, and Cisco's end markets -- most notably in government and telecom -- weren't looking all that perky.
Yet in recentquarters , management has begun to talk about a sharper game plan that will likely help solidify Cisco's role in so many markets. The plan involves a number of small steps that are unlikely to lead to explosive sales growth, but should fuel a steady expansion in profit margins and a more linear trend of profit growth.
Here are the five small steps that should add up to solid gains for Cisco's shareholders in 2013.
1. Going where the action is Cisco is typically thought of as a networking giant, known for producing the software, switches and routers that run corporate and telecom data networks. But thanks to heavy spending on research and development and certain acquisitions, Cisco is now very well-positioned for industry leadership in mobile computing, cloud computing, video-delivery services, network security, web conferencing and network storage. No other vendor in the world can offer clients this comprehensive suite of offerings, a key consideration when information technology managers worry about the interoperability of various technology components in their corporate ecosystem. "The market is moving to buying solutions rather than buying standalone boxes, playing to Cisco's core strength," notedanalysts at Merrill Lynch.
2. A rising focus on softwareThe company has set an ambitious target of doubling therevenue it derives from software in the next five years. This, in turn, should lead to a rising take rate for its expanding suite of service offerings. This is a page right out of the IBM (NYSE: IBM ) playbook. Cisco's CEO John Chambers is surely aware of IBM's 100% stock pricegain during the past five years, as investors have come to embrace Big Blue's linear growth.
You can't blame Chambers for a bit of IBM envy. IBM carries similar margins today, but its enterprise value-to-sales (EV/Sales) ratio is 40% higher than Cisco's. That's why emulating IBM is a wise move.
Furthering the IBM analogy, Chambers understands that IBM's focus on long-term service contracts leads to much smoother revenue and profit streams. The company aims to boost service revenue from a current 21% of the sales mix to more than 25% within three years.
3. Squeezing out costs and other margin boosters Cisco has at times been accused of a bit of "porkiness." The company has grudgingly embarked on a few major layoffs in its history, but nobody would call Cisco a lean enterprise. In recent meetings with analysts, however, Chambers has discussed plans to trim down and/or reap synergies where possible in coming quarters. This helps partially explain why he expects operating profits to grow 3-4 percentage points faster than sales growth in the next few years. (The rising mix of software is anotherfactor ). Chambers also understands that profit gains need to be linear if they are to be applauded byWall Street (another lesson taught by Big Blue). The fact that Cisco's operating profits fell by billion in fiscal (July) 2009, rose by a similar amount in 2010, fell again in 2011 and rose anew in 2012 is a clear impediment for investors that crave linearity.
4. Tapping emerging markets Chambers now spends a considerable amount of time on the road in Latin America and Asia. He's directed his sales force to treat these markets as a top priority. The timing is good as many of these markets are now increasingly home to large domestically-grown companies, and not simply the foreign divisions of firms like Wal-Mart (NYSE: WMT ) and Coca-Cola (NYSE: KO ) . Emerging markets currently represent about billion in annual sales (20% of the entire sales base), though Cisco aims to boost that figure by 10% annually in the next three to five years. To get there, Cisco is developing lower-cost solutions for these price-sensitive markets.
5. Free Cash Flow = Buybacks Any discussion of Cisco has to touch on the prodigious free cash flow and the long run of share buybacks they have fueled. The share count has already fallen from 6.8 billion in fiscal 2004 to 5.4 billion at the end of 2011, and considering management's plan to spend 60% of future cash flow on buybacks and dividends, this trend should continue.
Risks to Consider: To augment growth, Cisco has signaled plans to pursue a fairly hefty acquisition in coming quarters, and such deals can sometimes spook investors.
Action to Take --> Even with all of these growth-inducing steps, Cisco is only likely to boost sales in the mid-to-upper single digits each year, while per-share profit growth is unlikely to exceed 10%. But by delivering these kinds of gains in a steady linear fashion, investors are likely to reward this stock with an ever-higher multiple . When you include Cisco's massive $33 billion net cash pile, this becomes a low-multiple stock with a fairly low level of embedded expectations. This means 2013 should represent a fresh perspective for this one-time highflyer as growth kicks in.
-- David Sterman
P.S. -- Stocks like Cisco are part of a group of companies sitting on a $1.7 trillion "Dividend Vault." Simply put, the "Dividend Vault" is the easiest way we know to collect thousands of dollars in dividends each month for the rest of your life. To learn more, click here.
David Sterman does not personally hold positions in any securities mentioned in this article. StreetAuthority LLC owns shares of CSCO in one or more of its "real money" portfolios.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
© Copyright 2001-2010 StreetAuthority, LLC. 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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Cisco's operational performance has been quite solid in recent years, especially when compared to stumbling giants such as Hewlett-Packard (NYSE: HPQ ) , Dell (Nasdaq: DELL ) , Computer Sciences (NYSE: CSC ) , and especially when compared to more direct networking competitors such as Juniper Networks (Nasdaq: JNPR ) . A number of the company's recent acquisitions had failed to deliver promised growth, and Cisco's end markets -- most notably in government and telecom -- weren't looking all that perky. Cisco's CEO John Chambers is surely aware of IBM's 100% stock pricegain during the past five years, as investors have come to embrace Big Blue's linear growth.
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Cisco's operational performance has been quite solid in recent years, especially when compared to stumbling giants such as Hewlett-Packard (NYSE: HPQ ) , Dell (Nasdaq: DELL ) , Computer Sciences (NYSE: CSC ) , and especially when compared to more direct networking competitors such as Juniper Networks (Nasdaq: JNPR ) . The fact that Cisco's operating profits fell by billion in fiscal (July) 2009, rose by a similar amount in 2010, fell again in 2011 and rose anew in 2012 is a clear impediment for investors that crave linearity. The share count has already fallen from 6.8 billion in fiscal 2004 to 5.4 billion at the end of 2011, and considering management's plan to spend 60% of future cash flow on buybacks and dividends, this trend should continue.
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Cisco's operational performance has been quite solid in recent years, especially when compared to stumbling giants such as Hewlett-Packard (NYSE: HPQ ) , Dell (Nasdaq: DELL ) , Computer Sciences (NYSE: CSC ) , and especially when compared to more direct networking competitors such as Juniper Networks (Nasdaq: JNPR ) . Cisco's CEO John Chambers is surely aware of IBM's 100% stock pricegain during the past five years, as investors have come to embrace Big Blue's linear growth. Emerging markets currently represent about billion in annual sales (20% of the entire sales base), though Cisco aims to boost that figure by 10% annually in the next three to five years.
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Cisco's operational performance has been quite solid in recent years, especially when compared to stumbling giants such as Hewlett-Packard (NYSE: HPQ ) , Dell (Nasdaq: DELL ) , Computer Sciences (NYSE: CSC ) , and especially when compared to more direct networking competitors such as Juniper Networks (Nasdaq: JNPR ) . The plan involves a number of small steps that are unlikely to lead to explosive sales growth, but should fuel a steady expansion in profit margins and a more linear trend of profit growth. This is a page right out of the IBM (NYSE: IBM ) playbook.
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26c85b5b-bad4-4f6b-b6d2-05a93c47e366
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726594.0
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2012-12-11 00:00:00 UTC
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Stock Market News for December 11, 2012 - Market News
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DELL
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https://www.nasdaq.com/articles/stock-market-news-for-december-11-2012-market-news-2012-12-11
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nan
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nan
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The absence of any major domestic developments meant benchmarks ended the trading session with paltry gains. The paltry upside that came was propelled by the technology sector. McDonald's posted strong monthly sales, which also helped the blue-chip index add to its gains. However, the meager gains were enough to help the Dow Jones and S&P 500 hit their highest level since this year's Election Day. Meanwhile, Italian Prime Minister Mario Monti surprised investors after he said he will step down at the end of year. The consumer discretionary sector was the biggest loser among the S&P 500 industry groups.
The Dow Jones Industrial Average (DJI) gained 0.1% to close the day at 13,169.88. The Standard & Poor 500 (S&P 500) rose 0.03% to finish yesterday's trading session at 1,418.55. The tech-laden Nasdaq Composite Index added 0.3% to end at 2,986.96. The fear-gauge CBOE Volatility Index (VIX) surged 0.9% to settle at 16.05. Consolidated volumes on the New York Stock Exchange, American Stock Exchange and Nasdaq were roughly 5.3 billion shares, significantly lower than the daily average of 6.5 billion shares. Advancing stocks outpaced decliners on the NYSE; as for 53% stocks that rose, 43% stocks moved lower.
Benchmarks opened flat on Monday in the absence of any major economic reports. However, benchmarks managed to post paltry gains by the end of the day boosted by the technology sector and McDonald's. The Dow and the S&P 500 finished in the green for the fourth consecutive day. However, the S&P 500 has not moved by more than 0.5% in either direction so far this month.
President Barack Obama and the Speaker of the United States House of Representatives John Boehner met on Sunday to discuss the Fiscal Cliff dilemma. However, both sides refused to provide any details about Sunday's meeting at the White House. On Monday, President Obama visited Michigan to gather public support to increase tax rates for rich Americans. The Fiscal Cliff dilemma needs to be solved within three weeks; otherwise its effect will be felt starting 2013.
McDonald's Corporation (NYSE: MCD ) surged 1.1% after the company recorded better-than-expected monthly sales. The company's sales increased 2.4% globally in November, rebounding from a decline in October. The decline in October was the first contraction in nearly ten years.
On the international front, Italian Prime Minister Mario Monti said he will step down after the approval of the country's 2013 budget. Monti's decision to resign came after former Prime Minister Silvio Berlusconi withdrew his support from Monti's party. According to experts, Monti's resignation further intensifies Euro zone troubles.
The technology sector had a good run yesterday and the Technology SPDR (XLK) gained 0.3%. Stocks such as Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Silicon Graphics International Corp (NASDAQ: SGI ), Cisco Systems, Inc. (NASDAQ: CSCO ) and Microsoft Corporation (NASDAQ: MSFT ) jumped 2.6%, 1.7%, 3.4%, 2.4% and 1.8%, respectively.
The consumer discretionary sector was the biggest loser among the S&P 500 industry groups and the Consumer Discretionary SPDR (XLY) lost 0.6%. Stocks such as Target Corporation (NYSE: TGT ), Wal-Mart Stores, Inc. (NYSE: WMT ), Macy's, Inc. (NYSE: M ), Kohl's Corporation (NYSE: KSS ) and Dollar General Corp. (NYSE: DG ) lost 0.5%, 0.2%, 0.2%, 1.0% and 0.5%, respectively.
CISCO SYSTEMS (CSCO): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
DOLLAR GENERAL (DG): Free Stock Analysis Report
HEWLETT PACKARD (HPQ): Free Stock Analysis Report
KOHLS CORP (KSS): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
MCDONALDS CORP (MCD): Free Stock Analysis Report
MICROSOFT CORP (MSFT): Free Stock Analysis Report
SILICON GRAPHIC (SGI): Free Stock Analysis Report
TARGET CORP (TGT): Free Stock Analysis Report
WAL-MART STORES (WMT): 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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Stocks such as Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Silicon Graphics International Corp (NASDAQ: SGI ), Cisco Systems, Inc. (NASDAQ: CSCO ) and Microsoft Corporation (NASDAQ: MSFT ) jumped 2.6%, 1.7%, 3.4%, 2.4% and 1.8%, respectively. CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SILICON GRAPHIC (SGI): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. However, benchmarks managed to post paltry gains by the end of the day boosted by the technology sector and McDonald's.
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Stocks such as Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Silicon Graphics International Corp (NASDAQ: SGI ), Cisco Systems, Inc. (NASDAQ: CSCO ) and Microsoft Corporation (NASDAQ: MSFT ) jumped 2.6%, 1.7%, 3.4%, 2.4% and 1.8%, respectively. CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SILICON GRAPHIC (SGI): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Stocks such as Target Corporation (NYSE: TGT ), Wal-Mart Stores, Inc. (NYSE: WMT ), Macy's, Inc. (NYSE: M ), Kohl's Corporation (NYSE: KSS ) and Dollar General Corp. (NYSE: DG ) lost 0.5%, 0.2%, 0.2%, 1.0% and 0.5%, respectively.
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Stocks such as Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Silicon Graphics International Corp (NASDAQ: SGI ), Cisco Systems, Inc. (NASDAQ: CSCO ) and Microsoft Corporation (NASDAQ: MSFT ) jumped 2.6%, 1.7%, 3.4%, 2.4% and 1.8%, respectively. CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SILICON GRAPHIC (SGI): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. However, benchmarks managed to post paltry gains by the end of the day boosted by the technology sector and McDonald's.
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Stocks such as Hewlett-Packard Company (NYSE: HPQ ), Dell Inc. (NASDAQ: DELL ), Silicon Graphics International Corp (NASDAQ: SGI ), Cisco Systems, Inc. (NASDAQ: CSCO ) and Microsoft Corporation (NASDAQ: MSFT ) jumped 2.6%, 1.7%, 3.4%, 2.4% and 1.8%, respectively. CISCO SYSTEMS (CSCO): Free Stock Analysis Report DELL INC (DELL): Free Stock Analysis Report DOLLAR GENERAL (DG): Free Stock Analysis Report HEWLETT PACKARD (HPQ): Free Stock Analysis Report KOHLS CORP (KSS): Free Stock Analysis Report MACYS INC (M): Free Stock Analysis Report MCDONALDS CORP (MCD): Free Stock Analysis Report MICROSOFT CORP (MSFT): Free Stock Analysis Report SILICON GRAPHIC (SGI): Free Stock Analysis Report TARGET CORP (TGT): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. President Barack Obama and the Speaker of the United States House of Representatives John Boehner met on Sunday to discuss the Fiscal Cliff dilemma.
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4240a8a9-4854-4f3d-af63-418236c22eb7
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726595.0
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2012-12-11 00:00:00 UTC
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After Hours Most Active for Dec 11, 2012 : AIG, RRD, FB, GRMN, F, DELL, QQQ, CSCO, PFE, MCP, BAC, C
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-dec-11-2012-aig-rrd-fb-grmn-f-dell-qqq-csco-pfe-mcp-bac-c-2012-12
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nan
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The NASDAQ 100 After Hours Indicator is up 2.69 to 2,684.76. The total After hours volume is currently 81,716,728 shares traded.
The following are the most active stocks for the after hours session :
American International Group, Inc. ( AIG ) is -0.04 at $35.22, with 29,146,513 shares traded. As reported by Zacks, the current mean recommendation for AIG is in the "buy range".
R.R. Donnelley & Sons Company ( RRD ) is -0.04 at $9.46, with 18,712,543 shares traded. As reported in the last short interest update the days to cover for RRD is 21.435674; this calculation is based on the average trading volume of the stock.
Facebook, Inc. ( FB ) is -0.03 at $27.91, with 12,514,927 shares traded. As reported by Zacks, the current mean recommendation for FB is in the "buy range".
Garmin Ltd. ( GRMN ) is -0.01 at $42.39, with 10,562,520 shares traded. As reported in the last short interest update the days to cover for GRMN is 21.631126; this calculation is based on the average trading volume of the stock.
Ford Motor Company ( F ) is unchanged at $11.49, with 1,976,129 shares traded. As reported by Zacks, the current mean recommendation for F is in the "buy range".
Dell Inc. ( DELL ) is -0.0396 at $10.63, with 1,751,228 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jul 2013. The consensus EPS forecast is $0.41. DELL's current last sale is 94.49% of the target price of $11.25.
PowerShares QQQ Trust, Series 1 ( QQQ ) is +0.14 at $66.11, with 1,619,756 shares traded. This represents a 22.04% increase from its 52 Week Low.
Cisco Systems, Inc. ( CSCO ) is +0.04 at $19.82, with 1,542,251 shares traded. Over the last four weeks they have had 8 up revisions for the earnings forecast, for the fiscal quarter ending Jan 2013. The consensus EPS forecast is $0.43. As reported by Zacks, the current mean recommendation for CSCO is in the "buy range".
Pfizer, Inc. ( PFE ) is -0.08 at $25.56, with 1,083,053 shares traded. As reported by Zacks, the current mean recommendation for PFE is in the "buy range".
Molycorp, Inc ( MCP ) is -0.47 at $10.86, with 1,026,053 shares traded. MCP's current last sale is 105.85% of the target price of $10.26.
Bank of America Corporation ( BAC ) is +0.02 at $10.53, with 1,006,189 shares traded. BAC's current last sale is 95.73% of the target price of $11.
Citigroup Inc. ( C ) is +0.1 at $37.10, with 911,842 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Sep 2013. The consensus EPS forecast is $1.14. As reported by Zacks, the current mean recommendation for C 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 -0.0396 at $10.63, with 1,751,228 shares traded. DELL's current last sale is 94.49% of the target price of $11.25. The following are the most active stocks for the after hours session : American International Group, Inc. ( AIG ) is -0.04 at $35.22, with 29,146,513 shares traded.
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Dell Inc. ( DELL ) is -0.0396 at $10.63, with 1,751,228 shares traded. DELL's current last sale is 94.49% of the target price of $11.25. The total After hours volume is currently 81,716,728 shares traded.
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Dell Inc. ( DELL ) is -0.0396 at $10.63, with 1,751,228 shares traded. DELL's current last sale is 94.49% of the target price of $11.25. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Jul 2013.
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Dell Inc. ( DELL ) is -0.0396 at $10.63, with 1,751,228 shares traded. DELL's current last sale is 94.49% of the target price of $11.25. The NASDAQ 100 After Hours Indicator is up 2.69 to 2,684.76.
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8bf35a92-51a6-47c5-9695-c02bead3e22c
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726596.0
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2012-12-10 00:00:00 UTC
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Hewlett-Packard Raised Notebook Shipments in November
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DELL
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https://www.nasdaq.com/articles/hewlett-packard-raised-notebook-shipments-november-2012-12-10
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nan
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nan
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After enduring an overall decline of 16.4 percent during the third quarter, Hewlett-Packard (NYSE: HPQ ) increased notebook shipments slightly in November. According to DigiTimes , the top five notebook brands experienced a combined one month drop of four percent. Asus, which recently released a bevy of Windows 8 PCs, proved to be the worst performer. Hewlett-Packard was the only firm that increased notebook shipments. Acer's performance remained flat.
No other manufacturers were mentioned in the report, but a previous study found that Sony (NYSE: SNE ) and Dell (NASDAQ: DELL ) both saw an increase in sales when Windows 8 was initially released.
Dell's value has increased by more than 13 percent since Windows 8 became available on October 26. Sony, which has been struggling to maintain profitability across all of its divisions, lost more than 14 percent of its value. Hewlett-Packard declined by one percent during the same period.
Microsoft (NASDAQ: MSFT ), which has already sold 40 million licenses for Windows 8, has declined more than six percent since the new operating system was released. The company estimates that there will be a combined total of 400 million Windows 8 and Windows Phone 8 devices produced in 2013.
Hewlett-Packard hopes to sell a large number of those devices, including 40 million notebooks . While PC sales have declined in 2012, it is not yet clear how the industry will perform in 2013. There are a number of factors that could impact its growth (or lack thereof), including the release of new tablets.
In addition to Surface, which uses Windows RT, Microsoft is rumored to be developing an Xbox tablet. It is not yet known if this device will run a special OS (similar to the consumer version of Surface) or include a full copy of Windows 8. Since the focus of the tablet would be on gaming, however, it is possible that Microsoft will employ an OS that resembles that of the Xbox 360 user interface.
As tablet sales continue to increase, it is inevitable that some PC sales will be lost. Windows-based machines are not the only ones suffering. Topeka Capital Markets analyst Brian White and ISI Group analyst Brian Marshall believe that iMac sales will drop by roughly 30 percent this quarter. That is troubling news for Apple (NASDAQ: AAPL ), which recently overhauled its desktop machines and announced that the company will produce new iMacs in America next year.
Follow me @LouisBedigianBZ
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. 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.
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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No other manufacturers were mentioned in the report, but a previous study found that Sony (NYSE: SNE ) and Dell (NASDAQ: DELL ) both saw an increase in sales when Windows 8 was initially released. Dell's value has increased by more than 13 percent since Windows 8 became available on October 26. After enduring an overall decline of 16.4 percent during the third quarter, Hewlett-Packard (NYSE: HPQ ) increased notebook shipments slightly in November.
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No other manufacturers were mentioned in the report, but a previous study found that Sony (NYSE: SNE ) and Dell (NASDAQ: DELL ) both saw an increase in sales when Windows 8 was initially released. Dell's value has increased by more than 13 percent since Windows 8 became available on October 26. After enduring an overall decline of 16.4 percent during the third quarter, Hewlett-Packard (NYSE: HPQ ) increased notebook shipments slightly in November.
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No other manufacturers were mentioned in the report, but a previous study found that Sony (NYSE: SNE ) and Dell (NASDAQ: DELL ) both saw an increase in sales when Windows 8 was initially released. Dell's value has increased by more than 13 percent since Windows 8 became available on October 26. After enduring an overall decline of 16.4 percent during the third quarter, Hewlett-Packard (NYSE: HPQ ) increased notebook shipments slightly in November.
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No other manufacturers were mentioned in the report, but a previous study found that Sony (NYSE: SNE ) and Dell (NASDAQ: DELL ) both saw an increase in sales when Windows 8 was initially released. Dell's value has increased by more than 13 percent since Windows 8 became available on October 26. The company estimates that there will be a combined total of 400 million Windows 8 and Windows Phone 8 devices produced in 2013.
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49c62ebc-8385-4369-aa01-ce28626f98ef
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726597.0
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2012-12-05 00:00:00 UTC
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After Hours Most Active for Dec 5, 2012 : MET, QQQ, LYB, NOK, C, BAC, AIG, DELL, LANC, SIRI, COST, WYNN
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DELL
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https://www.nasdaq.com/articles/after-hours-most-active-dec-5-2012-met-qqq-lyb-nok-c-bac-aig-dell-lanc-siri-cost-wynn-2012
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nan
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nan
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The NASDAQ 100 After Hours Indicator is down -.68 to 2,637.21. The total After hours volume is currently 21,999,846 shares traded.
The following are the most active stocks for the after hours session :
MetLife, Inc. ( MET ) is +0.1698 at $33.49, with 5,058,784 shares traded. As reported by Zacks, the current mean recommendation for MET is in the "buy range".
PowerShares QQQ Trust, Series 1 ( QQQ ) is -0.0232 at $64.88, with 2,814,337 shares traded. This represents a 19.77% increase from its 52 Week Low.
LyondellBasell Industries NV ( LYB ) is -0.16 at $51.69, with 2,634,491 shares traded. As reported by Zacks, the current mean recommendation for LYB is in the "buy range".
Nokia Corporation ( NOK ) is +0.03 at $3.91, with 2,208,391 shares traded. As reported in the last short interest update the days to cover for NOK is 10.843323; this calculation is based on the average trading volume of the stock.
Citigroup Inc. ( C ) is +0.05 at $36.51, with 1,783,130 shares traded. As reported by Zacks, the current mean recommendation for C is in the "buy range".
Bank of America Corporation ( BAC ) is +0.005 at $10.47, with 1,677,112 shares traded., following a 52-week high recorded in today's regular session.
American International Group, Inc. ( AIG ) is +0.2297 at $34.01, with 1,280,327 shares traded. As reported by Zacks, the current mean recommendation for AIG is in the "buy range".
Dell Inc. ( DELL ) is unchanged at $10.37, with 1,274,804 shares traded. DELL's current last sale is 92.18% of the target price of $11.25.
Lancaster Colony Corporation ( LANC ) is +0.538 at $77.58, with 1,003,869 shares traded. As reported in the last short interest update the days to cover for LANC is 23.996721; this calculation is based on the average trading volume of the stock.
Sirius XM Radio Inc. ( SIRI ) is unchanged at $2.77, with 679,026 shares traded. As reported by Zacks, the current mean recommendation for SIRI is in the "buy range".
Costco Wholesale Corporation ( COST ) is -0.0283 at $105.92, with 618,784 shares traded. Over the last four weeks they have had 3 up revisions for the earnings forecast, for the fiscal quarter ending Nov 2012. The consensus EPS forecast is $0.93. COST is scheduled to provide an earnings report on 12/12/2012, for the fiscal quarter ending Nov2012. The consensus earnings per share forecast is 0.93 per share, which represents a 80 percent increase over the EPS one Year Ago
Wynn Resorts, Limited ( WYNN ) is unchanged at $109.94, with 507,881 shares traded. WYNN's current last sale is 84.9% of the target price of $129.5.
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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LyondellBasell Industries NV ( LYB ) is -0.16 at $51.69, with 2,634,491 shares traded. Dell Inc. ( DELL ) is unchanged at $10.37, with 1,274,804 shares traded. DELL's current last sale is 92.18% of the target price of $11.25.
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LyondellBasell Industries NV ( LYB ) is -0.16 at $51.69, with 2,634,491 shares traded. Dell Inc. ( DELL ) is unchanged at $10.37, with 1,274,804 shares traded. DELL's current last sale is 92.18% of the target price of $11.25.
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Dell Inc. ( DELL ) is unchanged at $10.37, with 1,274,804 shares traded. LyondellBasell Industries NV ( LYB ) is -0.16 at $51.69, with 2,634,491 shares traded. DELL's current last sale is 92.18% of the target price of $11.25.
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LyondellBasell Industries NV ( LYB ) is -0.16 at $51.69, with 2,634,491 shares traded. Dell Inc. ( DELL ) is unchanged at $10.37, with 1,274,804 shares traded. DELL's current last sale is 92.18% of the target price of $11.25.
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961f977a-a8c4-40a5-929a-a90373ef278d
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726598.0
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2012-12-04 00:00:00 UTC
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100 Most Attractive Stocks Bought By Popular Investment Gurus
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DELL
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https://www.nasdaq.com/articles/100-most-attractive-stocks-bought-popular-investment-gurus-2012-12-04
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nan
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nan
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Submitted by Dividend Yield as part of our contributors program .
Stocks With Recent Engagements By Investment Professionals Researched By Dividend Yield - Stock, Capital, Investment . Investment gurus are asset or fund managers with big amounts of cash under management. They became popular by big returns and spectacular investment strategies. I talk about investors like George Soros and Warren Buffett. They all have one thing in common: The average return beats the market and if they invest, the market follows.
I made a screen of the biggest stock buys from 49 super investors over the recent six month and ranked them in my 100 best guru buy list. They all bought 594 stocks within the past half year.
The top stocks are now Berkshire Hathaway and Google. Berkshire was bought by 16 stock market professionals and Google by 15. Half of the top ten buys came from the technology sector. Investors still love this field because of the high growth potential and strong cash flows. But technology stocks are no big dividend payer. That's why I did not invest much of my private wealth in technology stocks. That's a bad strategy because if you want to have growth, the sector is one of the safest bets for the time being.
Here are the most bought dividend stocks:
Dell ( DELL ) has a market capitalization of $16.72 billion. The company employs 106,700 people, generates revenue of $62.071 billion and has a net income of $3.492 billion. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $5.367 billion. The EBITDA margin is 8.65 percent (the operating margin is 7.14 percent and the net profit margin 5.63 percent).
Financial Analysis: The total debt represents 20.78 percent of the company's assets and the total debt in relation to the equity amounts to 103.78 percent. Due to the financial situation, a return on equity of 41.86 percent was realized. Twelve trailing months earnings per share reached a value of $1.47. Last fiscal year, the company paid $0.00 in the form of dividends to shareholders. Dell was bought by 13 gurus.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 6.54, the P/S ratio is 0.27 and the P/B ratio is finally 1.90. The dividend yield amounts to 3.32 percent and the beta ratio has a value of 1.36.
Schlumberger ( SLB ) has a market capitalization of $95.08 billion. The company employs 113,000 people, generates revenue of $39.669 billion and has a net income of $4.793 billion. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $9.661 billion. The EBITDA margin is 24.35 percent (the operating margin is 15.98 percent and the net profit margin 12.08 percent).
Financial Analysis: The total debt represents 17.99 percent of the company's assets and the total debt in relation to the equity amounts to 31.77 percent. Due to the financial situation, a return on equity of 15.29 percent was realized. Twelve trailing months earnings per share reached a value of $4.09. Last fiscal year, the company paid $1.00 in the form of dividends to shareholders. SLB was bought by 11gurus.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 17.52, the P/S ratio is 2.40 and the P/B ratio is finally 3.06. The dividend yield amounts to 1.54 percent and the beta ratio has a value of 1.41.
Oracle ( ORCL ) has a market capitalization of $155.05 billion. The company employs 115,899 people, generates revenue of $37.121 billion and has a net income of $9.981 billion. The firm's earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $16.622 billion. The EBITDA margin is 44.78 percent (the operating margin is 36.92 percent and the net profit margin 26.89 percent).
Financial Analysis: The total debt represents 21.03 percent of the company's assets and the total debt in relation to the equity amounts to 37.71 percent. Due to the financial situation, a return on equity of 23.92 percent was realized. Twelve trailing months earnings per share reached a value of $2.02. Last fiscal year, the company paid $0.24 in the form of dividends to shareholders. ORCL was bought by 14 gurus.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 15.94, the P/S ratio is 4.18 and the P/B ratio is finally 3.61. The dividend yield amounts to 0.75 percent and the beta ratio has a value of 1.09.
Take a closer look at the full table of stocks with biggest guru buys over the past six months. The average P/E ratio amounts to 24.89. Exactly 71 companies pay dividends of which two have a high yield. The average dividend yield amounts to 1.65 percent. P/S ratio is 2.09 and P/B ratio 3.43.
Monthly Yield Fact Book | Yields Dividend Champions | Yields Dividend Contenders | Yields Dividend Challengers | High-Yield Large Cap | +10% Yielding Stocks |
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 are the most bought dividend stocks: Dell ( DELL ) has a market capitalization of $16.72 billion. Dell was bought by 13 gurus. Investors still love this field because of the high growth potential and strong cash flows.
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Here are the most bought dividend stocks: Dell ( DELL ) has a market capitalization of $16.72 billion. Dell was bought by 13 gurus. Financial Analysis: The total debt represents 20.78 percent of the company's assets and the total debt in relation to the equity amounts to 103.78 percent.
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Here are the most bought dividend stocks: Dell ( DELL ) has a market capitalization of $16.72 billion. Dell was bought by 13 gurus. Market Valuation: Here are the price ratios of the company: The P/E ratio is 6.54, the P/S ratio is 0.27 and the P/B ratio is finally 1.90.
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Here are the most bought dividend stocks: Dell ( DELL ) has a market capitalization of $16.72 billion. Dell was bought by 13 gurus. Stocks With Recent Engagements By Investment Professionals Researched By Dividend Yield - Stock, Capital, Investment .
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b6c45b38-d929-4d17-8d54-7aed851d08c6
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726599.0
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2012-12-04 00:00:00 UTC
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Apple Product Might be Declining in Popularity
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DELL
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https://www.nasdaq.com/articles/apple-product-might-be-declining-popularity-2012-12-04
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nan
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nan
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Apple (NASDAQ: AAPL ) has reportedly stopped ordering some components for its 13-inch MacBook Pro. According to DigiTimes , Apple stopped placing new orders because the vendor has already obtained high inventory levels for the unspecified components. The suppliers in question (which were not specified either) do not know when Apple might request additional orders.
DigiTimes also noted that its sources say MacBook Pro component shipments are 20 percent short of Apple's original estimates. But since these same suppliers provide components to the 15-inch MacBook Pro as well, this should not have a huge impact on their businesses.
Even so, this is an unusual development for Apple. While it could be assumed that the company simply had a surplus of components, it might point to a larger problem at the Cupertino, California-based tech giant.
It is no secret that PC sales are on the decline this year. Most of the blame has been placed on a lack of exciting new products and the late arrival of Windows 8 (NASDAQ: MSFT ), which was not released until October 26. But Windows partners like Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ) were not the only companies experiencing declines. Sales of new Apple notebooks declined by as much as seven percent in the third quarter.
When Apple updated the MacBook Air last summer, the company knocked $100 off the price of the 13-inch model, bringing the price down to $1,199. This was still somewhat more expensive than the cheaper Intel (NASDAQ: INTC ) Ultrabooks, but it was a significant discount for an Apple product.
If sales had been consistently high, there is no way Apple would have lowered the price. Thus, the company must have experienced a decline or anticipated one -- or feared the potential of Windows 8, which was still forthcoming at the time of the price cut.
Apple reportedly surpassed its own internal expectations for sales of the 15-inch MacBook Pro with Retina Display. The device quickly sold out of Apple retail outlets when it was initially released and created a brief shortage on Apple.com.
It is possible that MacBook Air and the next-gen MacBook Pro have stolen the thunder of the 13-inch Pro model, which was once the company's most popular computer. Without any concrete data from Apple, it is hard to pinpoint the source of the decline.
Technically Apple may not be experiencing a "decline" in demand for the smaller MacBook Pro. Rather, the company may have simply expected the demand to rise once the upgraded models were released. This would explain why the company stopped ordering new components. Apple may have initially ordered more, assuming that the market would continue to grow. When that assumption did not pan out, the company was forced to stop ordering certain components.
Whatever the case, this report is not likely to have a major impact on Apple's share price. The company's value has been fluctuating on new product rumors and releases, most of which center on the prospects of a new television and the next line of iDevices.
Apple, which has declined more than 13 percent over the last three months, traded down nearly one percent Tuesday morning.
Follow me @LouisBedigianBZ
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. 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.
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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But Windows partners like Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ) were not the only companies experiencing declines. According to DigiTimes , Apple stopped placing new orders because the vendor has already obtained high inventory levels for the unspecified components. DigiTimes also noted that its sources say MacBook Pro component shipments are 20 percent short of Apple's original estimates.
|
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. But Windows partners like Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ) were not the only companies experiencing declines. Apple (NASDAQ: AAPL ) has reportedly stopped ordering some components for its 13-inch MacBook Pro.
|
But Windows partners like Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ) were not the only companies experiencing declines. Apple (NASDAQ: AAPL ) has reportedly stopped ordering some components for its 13-inch MacBook Pro. DigiTimes also noted that its sources say MacBook Pro component shipments are 20 percent short of Apple's original estimates.
|
But Windows partners like Dell (NASDAQ: DELL ) and Hewlett-Packard (NYSE: HPQ ) were not the only companies experiencing declines. Apple (NASDAQ: AAPL ) has reportedly stopped ordering some components for its 13-inch MacBook Pro. DigiTimes also noted that its sources say MacBook Pro component shipments are 20 percent short of Apple's original estimates.
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130b9b81-f12a-43c1-8a99-3fc95c2b01f5
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