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HP TouchPad 4G to Launch on AT&T Mobile Broadband Network
Tuesday, July 12, 2011 - 12:06pm | 45HP (NYSE: HPQ) today announced that the HP TouchPad 4G will be available exclusively in the United States on AT&T (NYSE: T) in time for back to school.
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Radiant Systems Up 30% On Buyout
Tuesday, July 12, 2011 - 11:21am | 222Radiant Systems, Inc. (NASDAQ: RADS) shares are soaring today, gaining more than 30% after company agreed to be purchased by NCR Corp. (NYSE: NCR) for $1.2 billion in cash. NCR said it would make a cash tender offer of $28 for every share of Radiant Systems, about inline with where shares of...
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Did Microchip Technology Kill Any Chance Of A Tech Rally?
Tuesday, July 12, 2011 - 10:12am | 843Microchip Technology Inc. (NASDAQ: MCHP) shares are getting crushed this morning, down more than 12% after the semiconductor company cut its revenue guidance last night. The company said it expects first quarter sales to be down 1.5%, as opposed to its prior view of up 1%-6%. It also cut earnings...
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Hollander Joins Diebold as Chief Compliance Officer
Tuesday, July 12, 2011 - 10:02am | 67Diebold, Incorporated (NYSE: DBD) today announced that Jason S. Hollander has been named vice president and chief compliance officer. In this newly created position, Hollander will be responsible for overseeing the implementation, expansion and continual improvement of the company's ethics and...
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Google Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter
Tuesday, July 12, 2011 - 8:57am | 490Comprehensive Earnings Preview for Google for Thursday, July 14, 2011. Now's the time to start prepping for Google (NASDAQ: GOOG)! Don't be caught off-guard: The company releases its next round of earnings this Thursday, July 14, 2011. Want to get caught up before Thursday's earnings release? We...
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Credit Suisse Reiterates Outperform On Apple
Tuesday, July 12, 2011 - 8:54am | 133Credit Suisse is reiterating its Outperform rating and $500 price target on Apple (NASDAQ: AAPL). In a note to clients, Credit Suisse writes, "Results on 19th July, reiterate Outperform. For FQ311, we expect revenue/EPS of $26.1bn (+6% qoq/+66% yoy)/$6.10 (inclusive of 20c EPS impact due to...
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Are Apple's Legal Battles Prompting its Patent Lawyer to Leave, Or is he Being Forced Out?
Tuesday, July 12, 2011 - 8:21am | 352It seems that Apple (NASDAQ: AAPL) could be in a lot more trouble than we thought. According to a Reuters exclusive, the company's chief patent counsel, Richard "Chip" Lutton Junior, will depart very soon. The timing of this news – which has yet to be confirmed but comes from a Reuters source...
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J.P. Morgan Maintains Overweight Rating On Avid Technology
Tuesday, July 12, 2011 - 8:09am | 62According to J.P. Morgan, Avid Technology (NASDAQ: AVID) Overweight rating is maintained. J.P. Morgan said that it maintains its Overweight rating for AVID ahead of 2Q results. “With the recovery in TV ad spending we believe AVID's professional customer base is resuming investment in IT-based...
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Jefferies Initiates Coverage On Dell With Hold Rating
Tuesday, July 12, 2011 - 8:03am | 100According to Jefferies, Dell (NASDAQ: DELL) coverage is initiated with Hold rating. Jefferies said that despite near-term benefits from falling PC component prices and the enterprise PC refresh cycle, we believe Dell has longer-term disadvantages in a tablet and cloud world. “Our $17 target is...
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Jefferies Initiates Coverage On Hewlett-Packard With Hold Rating
Tuesday, July 12, 2011 - 8:00am | 78According to Jefferies, Hewlett-Packard (NYSE: HPQ) coverage is initiated with Hold rating. Jefferies said that HP faces 4-6 quarters of investment in tablets and cloud services to offset the cannibalization of PCs, servers, and services. “Our $40 target is based on 7x our FY12 EPS estimate, below...
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Piper Jaffray Says iPhone Coming To More Carriers
Tuesday, July 12, 2011 - 7:45am | 251Piper Jaffray predicts that with the launch of Apple's (NASDAQ: AAPL) iPhone 5, that the company will add both Sprint and T-Mobile to its stable of carriers, a potential boost for the stock. Says Piper Jaffray, in the report, “In keeping with our thoughts that Apple wants to sell its iPhone...
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Oppenheimer Comments on NCR Acquisition of Radiant Systems
Tuesday, July 12, 2011 - 7:26am | 103After the close on Monday, NCR Corp. (NYSE: NCR) announced it had signed “a definitive agreement to acquire Radiant Systems (NASDAQ: RADS) for $28/share or ~$1.2B,” Oppenheimer reports. “Based on recent consensus forecasts, NCR is paying roughly 5-7x RADS' CY12E recurring revenue, 14-17x CY12E...
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Jefferies Initiates Dell with a Hold, $17 PT
Tuesday, July 12, 2011 - 7:21am | 24Jefferies has initiated Dell (NASDAQ: DELL) with a Hold. The firm's price target on Dell is $17.
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Twelve ETFs Trading Near 52-Week Highs
Tuesday, July 12, 2011 - 6:56am | 874First Trust Consumer Staples AlphaDEX (NYSE: FXG) is up more than 20% year to date. The investment seeks results that correspond generally to the price and yield of an equity index called the StrataQuant Consumer Staples Index. Top holdings include Green Mountain Coffee Roasters (NASDAQ: GMCR),...
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Jefferies Initiates Hewlett-Packard At Hold, $40 PT
Tuesday, July 12, 2011 - 6:53am | 24Jefferies & Company has initiated coverage on Hewlett-Packard (NYSE: HPQ) with a Hold rating and $40 price target.