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DSP Group Acknowledges Receipt of Letter From Starboard Value LP
Tuesday, August 23, 2011 - 4:04pm | 128DSP Group (Nasdaq: DSPG) today noted it has received and reviewed a letter from Starboard Value LP and Starboard's related filing with the SEC. The Board of Directors of DSP Group and the company's management are committed to, and fully focused on, building shareholder value. Management and the...
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DSP Acknowledges Receipt of Letter From Starboard Value
Tuesday, August 23, 2011 - 4:01pm | 33DSP Group, Inc. (Nasdaq: DSPG), today noted it has received and reviewed a letter from Starboard Value LP and Starboard's related filing with the SEC.
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ARM Holdings Soaring On Takeover Rumors
Tuesday, August 23, 2011 - 3:17pm | 102ARM Holdings (NASDAQ: ARHM) shares are soaring today, gaining more than 8% on rumors the company could potentially be acquired. It was mentioned earlier that either Intel (NASDAQ: INTC) or Apple (NASDAQ: AAPL) could potentially be an acquirer of the British technology company. At last check,...
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Notable Call Options Activity in ARM Holdings
Tuesday, August 23, 2011 - 1:02pm | 89Shares of ARM Holdings (NASDAQ: ARMH) are higher on the session by 7.45%, currently trading at $25.83. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the October...
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Notable Call Options Activity in Taiwan Semiconductor
Tuesday, August 23, 2011 - 10:13am | 84Shares of Taiwan Semiconductor (NYSE: TSM) are higher on the session by 3.65%, currently trading at $11.65. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the...
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The Long ARM Of The Law Of Portfolio Gains
Tuesday, August 23, 2011 - 9:07am | 744There is a rumor out there this morning that ARM Holdings (NASDAQ: ARMH) is up for sale. The stock is reacting positively this morning, up 5%, and ARM bulls might like the move, but it is not feasible. Morgan Stanley is out with a note this morning saying it does not believe ARM will get sold....
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Earnings Roundup
Tuesday, August 23, 2011 - 9:03am | 1170H.J. Heinz Co (NYSE: HNZ) reported a decline in its fiscal first-quarter profit. Heinz's quarterly profit dropped to $226.1 million, or $0.70 per share, from $240.4 million, or $0.76 per share, in the year-earlier period. Its sales climbed to $2.85 billion from $2.48 billion. Excluding special...
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UPDATE: Morgan Keegan Previews 2Q Earnings at OmniVision Technologies
Tuesday, August 23, 2011 - 8:56am | 88Morgan Keegan has published a research report on OmniVision Technologies (NASDAQ: OVTI) In the report, Morgan Keegan wrote, "OVTI is scheduled to report its July quarter results after the market close on Thursday, August 25, 2011. We are looking for results of $0.68/$278.9 million versus consensus...
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UPDATE: Trina Solar Reports 69% Drop In Q2 Profit; Shares Down In Pre-Market
Tuesday, August 23, 2011 - 8:56am | 71Trina Solar Ltd (NYSE: TSL) reported a 69% decline in its second-quarter profit. Trina Solar's quarterly net income declined to $11.8 million, or $0.17 per ADS. Its revenue climbed 56% to $579.5 million, versus analysts' estimates of $593.92 million. Trina Solar projects to ship between 480 to...
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Bank of America Merrill Lynch Maintains Underperform on Cree
Tuesday, August 23, 2011 - 8:56am | 123Bank of America Merrill Lynch is out with its report today on Cree (NASDAQ: CREE), maintaining Underperform. In its report, Bank of America Merrill Lynch writes, "The company is reorienting from chips to highervalue components and fixtures. Superior technology and lower cost of ownership suggest...
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Spreadtrum Secures Leadership Position in TD-SCDMA Market
Tuesday, August 23, 2011 - 8:31am | 40Spreadtrum Communications, Inc., (Nasdaq: SPRD) today announced that it has achieved a leadership position in China's TD-SCDMA market. TD-SCDMA is the China 3G standard adopted by China's largest telecom operator China Mobile.
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UPDATE: Piper Jaffray Lowering Price Target On Intel
Tuesday, August 23, 2011 - 8:02am | 205Piper Jaffray is out with a research report on Intel (NASDAQ: INTC) and is lowering its price target to $21 from $23, but is keeping its Neutral rating on shares. In a note to clients, Piper Jaffray writes, "We believe Intel is stubbornly clinging to the PC era where x86 dominates and is failing...
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Goldman Sachs Has Buy On PMC-Sierra
Tuesday, August 23, 2011 - 7:53am | 112Goldman Sachs is out with a research report on PMC-Sierra, Inc. (NASDAQ: PMCS) and it has a Buy rating and a $7 price target on shares. In a note to clients, Goldman Sachs writes, "We continue to recommend the stock, as we see PMC's communications infrastructure business as having greater...
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Goldman Sachs Neutral On XILINX
Tuesday, August 23, 2011 - 7:47am | 123Goldman Sachs is out with a research report on XILINX Corp. (NASDAQ: XLNX) and it has a Neutral rating and a $29 price target on shares. In a note to clients, Goldman Sachs writes, "We believe Xilinx will continue to benefit from robust trends in comms infrastructure spending, and recognize that...
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Goldman Sachs Neutral On Altera
Tuesday, August 23, 2011 - 7:42am | 103Goldman Sachs is out with a research report on Altera Corp. (NASDAQ: ALTR) and it has a Neutral rating and a $39 price target on shares. In a note to clients, Goldman Sachs writes, "We believe Altera will continue to see a benefit from strong comms infrastructure trends, particularly due to the...