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  • Microsoft Raises Quarterly Dividend 11% to $0.31/Sh, Swaps Board Members

    16 September 2014, 7:23 pm by: Tiernan Ray

    Microsoft (MSFT) shares are down a penny at $46.75 in late trading after the company this evening said its board of directors approved an increase in the company’s quarterly dividend of 11%, to 32 cents per share from 28 cents. The dividend is payable…
  • Apple: The Good, Bad and Ugly of Kass’s Contrarian View

    16 September 2014, 4:52 pm by: Tiernan Ray

    Over at TheStreet‘s Real Money Pro today, Doug Kass of Seabreeze Partners pens a riposte to my article in Barron’s print edition this week that took issue with his negative thesis on Apple (AAPL). (Subscription required to read Real Money Pro articles.) I…
  • Rackspace Drops 18%: Ends Review of Strategic Alternatives

    16 September 2014, 4:27 pm by: Tiernan Ray

    Shares of data center hosting firm Rackspace Hosting (RAX) are down $6.87, or over 17.5%, at $32.47, in late trading, after the company this afternoon said it had ended its exploration of strategic alternatives for the business, and that it would remain an…
  • Adobe Off 4%: FYQ3 Rev Light, EPS Beats; Q4 View Misses

    16 September 2014, 4:06 pm by: Tiernan Ray

    Design software vendors Adobe (ADBE) this afternoon reported fiscal Q3 revenue that slightly missed analysts’ expectations, but beat on the bottom line, and offered a forecast for this quarter that fell short. Revenue in the three months ended in August…
  • Integrated Silicon, Freescale to Ride China LTE, Says Needham

    16 September 2014, 2:58 pm by: Tiernan Ray

    Needham & Co.‘s Rajvindra Gill today parses statements by China Mobile (CHL) executives yesterday for positive inputs for chip makers Integrated Silicon Solutions (ISSI), which he rates a Buy, and Freescale Semiconductor (FSL), which he rates Hold, as…
  • Applied Materials, Lam Are Cash Machines, Says Nomura

    16 September 2014, 2:28 pm by: Tiernan Ray

    Nomura Equity Research‘s Romit Shah today pounds the table for chip equipment stocks, arguing that they have not only bright prospects for sales, but are increasingly returning a greater amount of cash to shareholders. Shah’s two Buy recommendations…
  • Sprint: Gimme Credit Sees Little Upside in Rabid Price Cuts

    16 September 2014, 2:18 pm by: Tiernan Ray

    Bond analyst Dave Novosel of Gimme Credit today reiterates a Sell recommendation on bonds of Sprint (S) maturing 2022, writing that the company’s “aggressive pricing” under newly installed CEO Marcelo Claure will crimp margins, limiting free cash flow.…
  • VirnetX Plunges 50%: Apple Suit Requires Further Proceedings

    16 September 2014, 2:02 pm by: Tiernan Ray

    Shares of patent holding company VirnetX Holding (VHC) are down $7.27, or almost 50%, at $7.65, after the stock was twice halted this morning following an adverse ruling in its ongoing suit against Apple (AAPL) for infringement of its networking technology…
  • Tableau: Credit Suisse Ups to Buy on International Prospects, Product Line Promise

    16 September 2014, 12:12 pm by: Tiernan Ray

    Shares of data visualization software maker Tableau Software (DATA) are up $1.29, or almost 2%, at $72.66, after Credit Suisse’s Phil Winslow raised his rating on the shares this morning to Outperform from Neutral, and raised his price target to $100 from…
  • Twitter: Survey Says It Can Become Mass-Market, Says MKM

    16 September 2014, 11:36 am by: Tiernan Ray

    MKM Partners’s Rob Sanderson this morning reiterates a Buy rating on Twitter (TWTR), and a $64 price target, writing that he continues to see “signs of a mass-market use case for the Twitter service,” and that he believes management when they say they…
  • RF Micro: Brean Ups Estimates on iPhone Contribution; China Situation Easing

    16 September 2014, 11:20 am by: Tiernan Ray

    Brean Capital analyst Mike Burton this morning reiterates a Buy rating on shares of wireless chip maker RF Micro Devices (RFMD), and a $14 price target, after raising estimates to account for a greater contribution in coming quarters from Apple’s (AAPL) new…
  • Qualcomm: Business Changes May Be Necessary to Appease China, Says Bernstein

    16 September 2014, 10:57 am by: Tiernan Ray

    Bernstein Research’s Stacy Rasgon this morning tackles the ongoing brouhaha of Qualcomm’s (QCOM) investigation for unfair business practices by the Chinese government, an investigation he sees leading to changes in Qualcomm’s business practices. …
  • Apple Slips: China iPhone 6 May be a 2015 Story; Susquehanna, Wells Defend

    16 September 2014, 10:26 am by: Tiernan Ray

    Shares of Apple (AAPL) are down $1.66, or 1.6%, at $99.97, following reports that availability of the new iPhone 6 and 6 Plus phones may be delayed until sometime next year.  Bloomberg’s Edmond Lococo this morning reported China Mobile (CHL), which has been…
  • BlackBerry: ‘Passport,’ ‘Classic’ Key to Upside Despite Software Focus, Says Wells

    15 September 2014, 9:39 pm by: Tiernan Ray

    BlackBerry’s forthcoming Passport handset. Wells Fargo analyst Maynard Um this afternoon reiterates a Market Perform rating on shares of BlackBerry (BBRY), in advance of what are expected to be media events on September 24th for the company’s new…
  • Apple: iPhone Speculation Turns to First Weekend, Dec. Quarter

    15 September 2014, 9:22 pm by: Tiernan Ray

    Apple CEO Tim Cook unveils new iPhone 6 devices at an event in Cupertino, September 9th, 2014. Analysts continued throughout the day to respond to Apple’s (AAPL) announcement this morning that it sold over 4 million iPhone 6 devices on Friday when the new…
  • Microsoft: Citi Ponders Payout Ratio in Wake of $2.5B Minecraft Buy

    15 September 2014, 8:23 pm by: Tiernan Ray

    Following Microsoft’s (MSFT) announcement this morning it will spend $2.5 billion to buy Swedish games maker Mojang, makers of the hit game “Minecraft,” Citigroup’s Walter Pritchard offered up not just one but two notes questioning what the company…
  • Tech Today: Alibaba Lifts Offering Range, Mulling Apple Watch, Debating Microsoft

    15 September 2014, 5:21 pm by: Tiernan Ray

    Here are some things going on today in your world of tech: Earnings on tap this week include Adobe (ADBE), tomorrow, after the closing bell, and Oracle (ORCL), Red Hat (RHT), and Tibco (TIBX) on Thursday, after the close.  A couple of those names got new…
  • Alibaba’s IPO on Tap: Raises Pricing Range to $66 to $68

    15 September 2014, 4:08 pm by: Tiernan Ray

    Alibaba Group Holding is set to price its IPO this Thursday, September 18th, and open for trading Friday morning, under the ticker “BABA,” and already the buzz has been fairly thick today in advance. My colleague Andrew Bary wrote in this weekend’s…
  • Apple Watch: Retailers Will Have to Promote the Utility, Says Credit Suisse

    15 September 2014, 2:51 pm by: Tiernan Ray

    Apple’s (AAPL) Apple Watch wristband is spreading as a topic of conversation beyond the tech world. Credit Suisse’s “broadlines” analyst Michael Exstein, who follows retail outfits such as Macy’s (M), JC Penney (JCP), and Nordstrom (JWN), today…
  • Intel: Topeka Encouraged by Ration PC Biz, Server, IoT Prospects

    15 September 2014, 2:38 pm by: Tiernan Ray

    Analysts continue to assess prospects for Intel (INTC) following last week’s annual developer conference in San Francisco, the Intel Developer Forum. Topeka Capital Markets’s Suji De Silva, who has a Buy rating on Intel shares, and a $38 price target,…

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