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Autodesk to Acquire Tinkercad

Sat, 18 May 2013 19:58:43 -0400

Autodesk, Inc. (NASDAQ: ADSK) has signed a definitive agreement to acquire Tinkercad, an easy-to-use browser-based 3D design tool. The addition of Tinkercad to Autodesk will help broaden

Evergreen Helicopters Purchases Five Aircraft from Erickson Air-Crane for $10.1M

Sat, 18 May 2013 10:26:51 -0400

Erickson Air-Crane Incorporated (NASDAQ: EAC) announced Friday that its wholly owned subsidiary, Evergreen Helicopters, Inc. (“EHI”), has acquired five aircraft for $10.1 million that it has historically leased from a

AAPL, GOOG, BRCM Tops in Credit Suisse’s ‘Wearables’ Weltanschauung

Fri, 17 May 2013 19:01:10 -0400

Credit Suisse semiconductor analysts John Pitzer, Kulbinder Garcha, Christian Buss, and Stephen Ju today offered clients an overview note on what they think is “the next big thing,” the rise of sophisticated wearable technology, such as smart watches, and other accessories. The authors contend that while “wearables,” as they call them, are “not new,” nevertheless, [...]

UNXL Plunges 26% on a Day of Rumors and More Rumors

Fri, 17 May 2013 18:17:34 -0400

Shares of Uni-Pixel (UNXL) today plunged $9.55, or 26%, to $27.19, in what appears to have been a cascade of negative rumors for the maker of touch-sensing mesh technology. Williams Financial Group‘s Cody Acree, who has a Buy rating on the stock, and a $60 price target, tells me by telephone that he believes the [...]

Weekly Preview: FOMC Minutes in Focus, Earnings Season Wanes

Fri, 17 May 2013 16:29:42 -0400

In the upcoming week, market focus shifts back to the Fed as the FOMC minutes of the latest meeting are released. Also, Fed Chairman Ben Bernanke is set to speak as earnings season slows down, although there are still some key earnings set to be released.

Key Earnings This week, the earnings

Market Wrap for Friday, May 17: Stocks Gain on Late Day Rally

Fri, 17 May 2013 16:25:21 -0400

Markets surged Friday afternoon, bringing the Dow near a record high at 15,354.40.

The S&P 500 closed up almost one percent, with the Nasdaq up slightly more than that.

The rise in stock prices this week can be largely attributed to the end of earnings season, job numbers, and positive information from

Facebook: Google+ a ‘Dangerous, Different Game,’ Says BTIG

Fri, 17 May 2013 16:00:04 -0400

BTIG Research‘s Rich Greenfield, who has been relentlessly critical of Facebook (FB) in recent months, today penned a second installment of his essays on why the social networking site should be worried about Google‘s (GOOG) own social networking effort, “Google+,” following Google’s developer conference earlier this week. In the first installment, on Wednesday, Greenfield opined [...]

YHOO: Opportunity and Challenges in any Tumblr Bid, Says Wells

Fri, 17 May 2013 15:37:35 -0400

Wells Fargo‘s Peter Stabler this afternoon reiterates a Market Perform rating on shares of Yahoo! (YHOO), responding to speculative reports that the company may be interested in buying image-sharing site Tumblr. AllThingsD‘s Peter Kafka and Kara Swisher yesterday wrote that Yahoo! has held “serious” talks with Tumblr, but a deal is not certain, citing multiple [...]

Tableau Soars: Banking on a Consumer Answer to Complex Questions

Fri, 17 May 2013 14:38:36 -0400

Shares of Tableau Software (DATA), the Seattle, Washington-based startup providing programs for Big Data, continue to rocket following their initial public offering on the New York Stock Exchange this morning. The shares are up $17.43, or 56%, at $48.43, after opening at $47, above the $31 offer price, and hitting as high as $50.25. Shares [...]

DELL: Street Mulls Whether PC Price Chopping Will Continue

Fri, 17 May 2013 12:49:18 -0400

Shares of Dell (DELL) are up a penny at $13.44 as the Street this morning contemplates last night’s report of fiscal Q1 profit well below expectations, as the company meanders through an M&A battle between CEO Michael Dell, who is trying to take the company private at $13.65 per share, and activist investor Carl Icahn, [...]

Mid-Day Market Update: Gold Prices Fall on Strength in US Dollar, Stock

Fri, 17 May 2013 12:48:29 -0400

Midway through trading Thursday, the Dow was up 0.43 percent to 15,298.41, while the NASDAQ rose 0.49 percent to 3,482.33. The S&P was also up 0.51 percent to 1,658.90.

Top Headline Gold has plummeted 4.8% as the week comes to a close, dropping below $1,390 an ounce, the lowest level seen since

QLIK Rising: As DATA Soars, BMO Cheers New Analytics Approach

Fri, 17 May 2013 12:04:32 -0400

The Nasdaq welcomed a darling of Big Data today with the initial public offering of Tableau Software (DATA), which burst out of the gate at $47, well above the offer price of $31, and is now up $17, or 55%, at $48. But there is already a pure play on Big Data and data analytics [...]

Samsung Semi Advantage May Put the Screws to AAPL, Says Jefferies

Fri, 17 May 2013 11:36:29 -0400

Jefferies & Co.’s Sundeep Bajikar this morning reiterates a Buy rating on shares of Samsung Electronics (005930KS), and a ?2,100,000 price target, writing that the company’s chip manufacturing effort going forward will have a lower costs than those of Taiwan Semiconductor Manufacturing (TSM), based on recent presentations by Taiwan Semi and by Intel (INTC). Bajikar [...]

Google: Argus Raises Target to $1,065; Android ‘Innovation Catalyst’

Fri, 17 May 2013 11:15:32 -0400

The Street this morning continues to raise price targets on Google (GOOG), following a slew of target increases yesterday, following the company’s keynote session for its “Google I/O” developer conference on Wednesday in San Francisco. Bonner does change any estimates today. Google shares are up 29 cents at $904.16, The latest bit is from Argus [...]

The Boku Boom, With Chief Business Officer Jon Prideaux

Fri, 17 May 2013 10:50:03 -0400

Boku is transforming telecom and financial services with their innovative method of paying for things electronically. Boku uses your mobile number to make online purchases instantly. Those purchases are then put on your phone bill, not your credit card.

The company's Chief Business Officer, Jon Prideaux, appeared on CNBC's Squawk Box

This Morning: DELL Autopsy, ARUN Plunges, Tableau on Tap

Fri, 17 May 2013 09:28:42 -0400

Here are some things going on this morning in your world of tech: Shares of Aruba Networks (ARUN) are down $4.68, or almost 27%, at $12.92 in early trading, extending losses suffered in last night’s late session following yesterday afternoon’s report of fiscal Q3 revenue and earnings that missed expectations, and a weaker-than-expected outlook. The [...]

A Peek Into The Market Before The Trading Starts

Fri, 17 May 2013 07:44:31 -0400

Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 42 points to 15,254.00 and S&P 500 index futures rose 4.70 points to 1,652.80. Nasdaq 100 futures gained 5.75 points to 3,004.00.

A Peek Into Global Markets European markets were higher today. The STOXX Europe

Eurozone Reports Increased Trade Surplus

Fri, 17 May 2013 06:50:36 -0400

The euro traded steadily at $1.28 on Friday morning after data on Thursday showed that the region's March trade surplus was at its highest level since 1999, when the eurozone was created. The Wall Street Journal reported that the eurozone's trade surplus increased during the first three months of

Lentuo Announces CFO Assigned to Leadership Role

Fri, 17 May 2013 06:50:05 -0400

Lentuo International Inc. (NYSE: LAS) ("Lentuo" or the "Company") today announced that its Chief Financial Officer, Jianping Chen has been assigned to a leadership role in Lentuo's ongoing joint venture project with Itochu Corporation. She will play a major, multi-functional role in the establishment of the joint venture

These ETFs Could be Affected by Future Rate Cuts

Fri, 17 May 2013 06:42:21 -0400

In less than two months a dizzying array of global central banks have lowered interest rates. The European Central Bank, the Reserve Bank of Australia, the Reserve Bank of India, the Bank of Israel, the Central Bank of Turkey and the list goes on.

When the domino effect will end is

Strong Dollar Weighs on Brent Prices

Fri, 17 May 2013 06:39:50 -0400

A strong dollar and demand worries kept Brent under pressure on Friday morning after news that the US Federal Reserve may end its monetary stimulus lifted the greenback. Brent is poised to end the week with little change and traded at $104.15 at 9:41 GMT on Friday morning.

CNBC reported

Tableau Software Prices 8.2M Share IPO @$31.00/Share

Thu, 16 May 2013 19:28:19 -0400

Tableau Software, Inc. (NYSE: DATA) today announced the pricing of its initial public offering Seattle, WA (PRWEB) May 16, 2013 Tableau Software, Inc. (NYSE: DATA) today announced the pricing of its initial public offering of 8,200,000 shares of its Class A common stock at a price

Kevin Parker Named Polycom Chairman

Thu, 16 May 2013 19:20:11 -0400

Polycom, Inc. (NASDAQ: PLCM), the global leader in open, standards-based unified communications and collaboration (UC&C), today announced that its Board of Directors has named Kevin Parker as

Caterpillar, Mining Machinery Limited Announce Settlement

Thu, 16 May 2013 19:19:01 -0400

Caterpillar Inc. (NYSE: CAT) and Mining Machinery Limited announced today that they have resolved all outstanding issues between them arising out of Caterpillar's acquisition of ERA, including its wholly-owned subsidiary Zhengzhou Siwei Mechanical & Electrical Manufacturing Co., Ltd., commonly known as "Siwei." Caterpillar reached this agreement with two former directors

GOOG: Congress Asks Page About ‘Glass’ Privacy Issues

Thu, 16 May 2013 19:08:44 -0400

The Wall Street Journal‘s Emir Efrati this evening reports on the site’s Digits blog that Google (GOOG) has received a letter from congressmen Joe Barton, Bobby Rush, Richard Nugent, Steve Chabot, John Barrow, Walter Jones, Heny Johnson, and Loretta Sanchez, asking for comment from CEO Larry Page as to what privacy measures are being put [...]

Cisco Gains in Servers at HP, Dell, IBM Expense, Says Raymond James

Thu, 16 May 2013 18:09:41 -0400

At least one analyst today opined that Cisco Systems (CSCO) is taking share from Dell (DELL) and Hewlett-Packard (HPQ) in the server computer business, where Cisco saw 77% year-over-year revenue growth in its “data center” product unit in the fiscal Q3 reported yesterday afternoon, including sales of server computers. Raymond James‘s Brian Alexander, whose colleague Simon [...]

ARUN Plunges 15%: FYQ3 Misses, Q4 View Misses

Thu, 16 May 2013 17:36:36 -0400

Shares of wireless networking equipment maker Aruba Networks (ARUN) are down $2.61, or almost 15%, at $15, after the company this afternoon reported fiscal Q3 revenue that topped analysts’ estimates, but missed on the bottom line. Revenue in the three months ended in April rose 12%, year over year, to $147.1 million, yielding EPS of [...]

AAPL, BBRY, NOK Challenged as China, EM Drive Smartphones, Says Raymond James

Thu, 16 May 2013 17:15:20 -0400

Raymond James‘s Tavis McCourt this afternoon writes that he is raising his growth estimate for smartphones after reviewing Q1 sales data from Gartner published with that firm’s global sales report on Tuesday. McCourt now sees smartphone unit sales rising 36% this year, higher than a prior projection for growth in a range of 25% to [...]

ADSK Falls 8%: FYQ1 Misses, Q2 View Misses

Thu, 16 May 2013 16:30:12 -0400

Shares of design software maker Autodesk (ADSK) are down $3.18, or 8%, at $36.60,, after the company reported fiscal Q1 revenue and earnings per share that missed consensus expectations, and projected this quarter’s results lower as well, citing global economic weakness. Revenue in the three months ended in April fell 3%, year over year, to [...]

Market Wrap for Thursday, May 16: A Small Pullback For U.S. Stocks as Economic Data Disappoints

Thu, 16 May 2013 16:17:39 -0400

Stocks pulled back late on Thursday as bullish sentiment could not overcome disappointing economic reports. Initial jobless claims, housing starts and a reading of the Philadelphia Fed's Business Outlook Index all surprised to the downside.

Although it is far too early to predict a correction in the market, investors who have

DELL FYQ1 Rev Beats, EPS Misses

Thu, 16 May 2013 16:04:25 -0400

Dell (DELL) this afternoon reported fiscal Q1 revenue that beat analysts’ estimates, and earnings per share that missed, meeting expectations in the media preceding the announcement. Revenue in the three months ended in April fell to $14.07 billion, yielding EPS of 21 cents. Analysts had been modeling $13.5 billion and 35 cents a share. Shares [...]

AMAT FYQ2 Rev, EPS Beat, Q3 EPS View Light; Shares Rise

Thu, 16 May 2013 16:02:54 -0400

Chip equipment maker Applied Materials (AMAT) this afternoon reported fiscal Q2 revenue and earnings per share that topped consensus, and forecast this quarter’s profit per share slightly below analysts’ estimates. Revenue in the three months ended in April fell to $1.97 billion, yielding EPS of 16 cents. Analysts had been modeling $1.92 billion and 13 [...]

CSCO: Bulls Cheers Stability in a Gloomy Neighborhood

Thu, 16 May 2013 15:43:19 -0400

Shares of Cisco Systems (CSCO) are up 42.77, or 13%, at $23.98, and earlier went as high as $24.24, following better-than-expected fiscal Q3 revenue and profit per share last night, and a more-or-less in-line outlook for revenue. Analysts are impressed with the company’s ability to hang onto gross margin, and the ability to beat, if [...]

Mid-Afternoon Market Update: Optimer Falls as Halozyme Rockets Upwards

Thu, 16 May 2013 15:35:35 -0400

Toward the end of trading Thursday, the Dow was down 0.10 percent to 15,259.91, while the NASDAQ rose 0.13 percent to 3,476.15. The S&P traded down, falling 0.23 percent to 1,654.47.

Top Headline US stocks saw some volatility on Thursday, fluctuating between gains and losses, following the disappointing economic data released this

SAP: Hana Viable Threat to ORCL, Says Pac Crest; Not Yet, Says BMO

Thu, 16 May 2013 15:14:07 -0400

The Street has been mulling over SAP AG (SAP) “Sapphire” user conference in Orlando, Florida this week, where the company was placing a big emphasis on its “Hana” in-memory database technology. It announced yesterday several of its business applications can now use the Hana database; announced the ability to mine geospatial data, and a partnership [...]

AAPL: Way Behind BBRY, Samsung in India, Says Global Equities

Thu, 16 May 2013 14:36:10 -0400

Trip Chowdhry of Global Equities Research today reiterates an Overweight rating on shares of Apple (AAPL) and a $650 price target, while opining that in India, the company’s products are “not very popular,” based on his conversations with “about 30 – 35 people around Apple Reseller Stores” in the subcontinent. Those resellers, dubbed “iWorld,” are [...]

SPWR Slips: Cowen Ups to Buy Post Analyst Day

Thu, 16 May 2013 14:14:43 -0400

Shares of solar energy technology provider SunPower (SPWR) are down 18 cents, or 0.9%, at $20.47, despite a generally well-received analyst day event yesterday in New York, at which the company projected revenue this year of $2.5 billion to $2.6 billion, in line with the Street’s consensus, but projected earnings per share in a range of [...]

AMAT FYQ2 on Tap: Strength at TSM Outshines Solar, Says Piper

Thu, 16 May 2013 14:01:54 -0400

Shares of chip equipment maker Applied Materials (AMAT) are down 10 cents, or 0.7%, at $14.70 as the company rolls toward its fiscal Q2 report this afternoon, after the closing bell. The Street is modeling $1.92 billion in revenue and 13 cents a share in non-GAAP EPS. The company itself has projected revenue in a [...]

Mid-Day Market Update: US Stocks Fluctuate, Cisco Systems Up on Better-than-Expected Earnings

Thu, 16 May 2013 13:38:44 -0400

Midway through trading Thursday, the Dow was up 0.05 percent to 15,282.91, while the NASDAQ rose 0.05 percent to 3,477.15. The S&P traded down, falling 0.08 percent to 1,657.47.

Top Headline US stocks saw some volatility on Thursday, fluctuating between gains and losses, following the disappointing economic data released this morning. While

DDD, SSYS: William Blair Says Sell, Hype Exceeds Fundamentals

Thu, 16 May 2013 13:22:52 -0400

Shares of 3-D printer makers 3D Systems (DDD) are down 36 cents, or 0.8%, at $47.31, while shares of competitor Stratasys (SSYS) are off 41.11, or 1.2%, at $89.80, after both stocks were cut to Underperform from Market Perform by William Blair‘s Brian Drab this morning, writing that although he has a “positive outlook for [...]

NetApp Surges 8%: Elliot Pushing for Change, Say Bloomberg, CNBC

Thu, 16 May 2013 11:58:38 -0400

Shares of enterprise networked filed server technology vendor NetApp (NTAP) are higher by $2.41, or almost 7%, at $38.63, after Bloomberg‘s Serena Saitto this morning reported that activist investors Elliot Management have taken a “significant” stake in the firm, and is “pressing the data-storage company to change its board and study options to boost shareholder [...]

AMD Dives 14%: Stock’s Too Rich Given PC Woes, Despite Gaming Upside, Says Goldman

Thu, 16 May 2013 11:40:36 -0400

Shares of Advanced Micro Devices (AMD) are down 63 cents, or 14.4%, at $3.75, after Goldman Sachs chip analyst James Covello cut his rating on the stock to Sell from Neutral, despite raising estimates, writing that the 83% run-up in the stock this year means that even with with rising estimates, the stock’s valuation doesn’t [...]

Mid-Morning Market Update: Housing Starts Plummet, Initial Jobless Claims Rise

Thu, 16 May 2013 10:51:33 -0400

Following the market opening Wednesday, the Dow traded down 0.12 percent to 15,257.00, while the NASDAQ rose 0.15 percent to reach 3,476.75. The S&P also fell, declining 0.17 percent to 1,655.95.

Top Headline Some bad news came in with the economic reports on Thursday, with housing starts dropping sharply and jobless claims

This Morning: Cisco Surges, AMD cut, Google Cheered, More Surface RT?

Thu, 16 May 2013 10:49:04 -0400

Here are some things going on this morning in your world of tech: Shares of Cisco Systems (CSCO) are up $2.43, or almost 12%, at $23.64, after the company last night reported fiscal Q3 revenue and earnings per share that topped consensus and projected this quarter’s revenue slightly lower, but more or less in line [...]

A Peek Into The Market Before The Trading Starts

Thu, 16 May 2013 07:44:06 -0400

Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 2 points to 15,237.00and S&P 500 index futures rose 0.20 points to 1,654.50. Nasdaq 100 futures gained 2.25 points to 3,003.25.

A Peek Into Global Markets European markets were mostly higher today. The STOXX Europe

Pike Electric Prices 6.95M Share Secondary Offering at $11.50/Share

Thu, 16 May 2013 05:58:51 -0400

MOUNT AIRY, N.C.--(BUSINESS WIRE)-- Pike Electric Corporation (NYSE: PIKE) (“Pike”), one of the nation's leading energy solutions providers, announced Wednesday the pricing of the secondary public offering of shares of its common stock

LDK Solar Signs Wafer Supply Contract with Realforce Power

Thu, 16 May 2013 05:56:35 -0400

LDK Solar Co., Ltd. ("LDK Solar") (NYSE: LDK), a leading vertically integrated manufacturer of photovoltaic products, today announced that it has signed a wafer supply contract with Realforce Power Co., Ltd, a photovoltaic (PV) company located in Shandong Province, China. Under the terms of the agreement, LDK Solar

ASML, KLAC to Benefit from Stronger Semicap Spending, Says Bernstein

Thu, 16 May 2013 01:40:26 -0400

Bernstein Research’s tech team Wednesday offered the second installment of their treatise on the future of semiconductor production, “Dawn of Dusk for Semi Capital Equipment Manufacturers?” following the first installment on Monday. Authors Pierre Ferragu, Stacy Rasgon, Mark Li, and Mark Newman follow on their observation that delivering on Moore’s Law — the rule of [...]

Intel: Better Tablet Prospects, But Ultrabooks Key, Says Morgan Stanley

Thu, 16 May 2013 00:08:22 -0400

Morgan Stanley’s Joseph Moore today reiterated an Underweight rating on shares of Intel (INTC), and a $20 price target, writing that he believes the company can hold its own against competitors in the battle for tablets based on Microsoft‘s (MSFT) Windows 8, but that it won’t mean much for the company financially. Moore takes as [...]

Commerce Bancshares Acquires Summit Bank of Tulsa, OK

Wed, 15 May 2013 19:03:05 -0400

Summit Bancshares, Inc., of Tulsa and Oklahoma City, Oklahoma and Missouri-based Commerce Bancshares, Inc. (NASDAQ: CBSH) today jointly announce the execution of a merger agreement pursuant to which Summit