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JP Morgan Raises PT On Avid Technology To $26
Tuesday, July 12, 2011 - 6:52am | 27JP Morgan has raised the price target on Avid Technology (NASDAQ: AVID) from $25 to $26 and maintains its Overweight rating.
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Benzinga's After Hours Movers
Monday, July 11, 2011 - 6:20pm | 341Among the stock's that are moving on heavy volume in the after hours trading session are Radient Systems (NASDAQ: RADS), Clean Energy Fuels Corp. (NASDAQ: CLNE), Microchip Technology (NASDAQ: MCHP), Novellus Systems (NASDAQ: NLS), Intel (NASDAQ: INTC) and Annaly Capital Management (NYSE: NLY)....
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NCR to Acquire Radiant Systems for $28 per Share Totaling $1.2B
Monday, July 11, 2011 - 4:17pm | 101NCR Corporation (NYSE: NCR) and Radiant Systems, Inc. (NASDAQ: RADS) today announced a definitive agreement for NCR to acquire Radiant Systems, a leading provider of multichannel point-of-sale and managed hosted service solutions to the hospitality and specialty retail markets, through a cash...
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Nortel Patent Sales Approved
Monday, July 11, 2011 - 1:43pm | 103Both U.S. and Canadian judges have approved the $4.5 billion bid from the tech group that includes Apple (NASDAQ: AAPL) and Research In Motion (NASDAQ: RIMM) for patents held by telecom-equipment maker Nortel. The move comes just over a week after the group offered more than five times Google's (...
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Monday's Mid-Day Options Volume Leaders
Monday, July 11, 2011 - 12:25pm | 85Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 153,467 contracts, 64.1% calls, 35.9% puts 2. Bank of America (NYSE: BAC) 148,142 contracts, 35.0% calls, 65.0% puts 3. Citigroup Inc. (NYSE: C) 82,568 contracts, 55.3% calls, 44.7% puts 4. JP Morgan Chase (NYSE: JPM) 81...
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Benzinga's Top Downgrades
Monday, July 11, 2011 - 9:11am | 126Analysts at JP Morgan downgraded Torchmark Corp (NYSE: TMK) from “overweight” to “neutral.” Torchmark's stock closed at $43.17 on Friday. Torchmark's trailing-twelve-month ROA is 3.20%. Analysts at KeyBanc Capital Markets downgraded Teradata Corporation (NYSE: TDC) from “buy” to “hold.” Teradata's...
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Deutsche Bank Reiterates Buy Rating and $450 PT on Apple
Monday, July 11, 2011 - 8:12am | 115“In light of Apple (NASDAQ: AAPL) recently passing 15B App downloads (vs. ~5B for Android), we updated our iOS stickiness analysis of the iPhone, iPod and iPad installed base in the context of customer dollars invested in content (Apps, video, music etc) via the iTunes / App store,” Deutsche Bank...
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Piper Jaffray Maintains OW Rating, $554 PT on Shares of Apple
Monday, July 11, 2011 - 8:07am | 134Piper Jaffray is maintaining its Overweight rating and $554 target on shares of Apple (NASDAQ: AAPL). “Our App Store model estimates suggest app downloads per iOS device will increase 61% y/y in CY11 vs. a 5% increase in CY10,” Piper Jaffray writes. “Separately, we believe ASPs will be +14% in...
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Apple iPad 3 Likely to Launch this Fall with Two Contractors to Meet Demand - DigiTimes
Monday, July 11, 2011 - 7:50am | 61Apple (NASDAQ: AAPL) plans to add a second contractor in addition to Foxconn Electronics in order to meet demand for the iPad 3, slated for a September 2011 launch. The second contractor will likely be Taiwan-based Quanta Computer or Petagron Technology, according to DigiTimes.
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KeyBanc Downgrades Rating, Removes PT On TDC
Monday, July 11, 2011 - 7:42am | 114KeyBanc has downgraded Teradata Corp. (NYSE: TDC) from Buy to Hold and has removed a price target from the stock as the company prepares to release its 2Q11 results. According to KeyBanc, “Moving Rating from BUY to HOLD; Remain Positively Disposed toward Long-Term Growth Trajectory, Management...
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In Goldman Sachs' Hardware Technology List, Apple Performs Well
Monday, July 11, 2011 - 7:29am | 102Apple (NASDAQ: AAPL) was the “second best performing stock in our coverage this week, increasing 4.8%,” Goldman Sachs reports. “Lexmark International Inc. (NYSE: LXK) was the worst performing stock in our coverage, declining 1.9% on continued negative sentiment on printing related names,” Goldman...
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KeyBanc Downgrades Teradata To Hold
Monday, July 11, 2011 - 7:26am | 28KeyBanc Capital Markets has downgraded Teradata Corporation (NYSE: TDC) from Buy to Hold and has removed its previously price target.
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All's Fair in Coffee and Sugar
Sunday, July 10, 2011 - 5:38am | 1697By EconMatters You might recall that bitter coffee divorce from last December when Kraft Food (KFT) took Starbucks (SBUX) to court to prevent Starbucks from unwinding a 13-year packaged coffee distribution partnership. Well, that food fight has finally come to close with the partnership...
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Infographic: The Fall and Rise of iSteve Apple
Sunday, July 10, 2011 - 5:33am | 859By EconMatters In late 1996, Steve Jobs returned to Apple (AAPL) after being ousted as CEO 12 years earlier. He soon became Apple's interim CEO, and immediately terminated a number of non-profitable projects. By wikipedia's account, many employees were in fear of bumping into Jobs in the...
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SKYY: The Wait For A Cloud Computing ETF is Over
Saturday, July 9, 2011 - 3:39pm | 953The first cloud computing ETF has arrived. On Wednesday (7/6/11), the First Trust ISE Cloud Computing Index Fund (SKYY) was listed for trading on the NASDAQ. Part of the reason investors had to wait so long is that like its namesake, cloud computing is somewhat amorphous, with no clearly defined...