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Jefferies Initiates Sourcefire At Buy, $31 PT
Thursday, August 18, 2011 - 5:44am | 24Jefferies & Company has initiated coverage on Sourcefire (NASDAQ: FIRE) with a Buy rating and $31 price target.
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Jefferies Initiates CA Technologies At Hold, $23 PT
Thursday, August 18, 2011 - 5:42am | 25Jefferies & Company has initiated coverage on CA Technologies (NASDAQ: CA) with a Hold rating and $23 price target.
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Jefferies Initiates Symantec At Buy, $23 PT
Thursday, August 18, 2011 - 5:36am | 24Jefferies & Company has initiated coverage on Symantec (NASDAQ: SYMC) with a Buy rating and $23 price target.
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This Is The Real Shark Week
Wednesday, August 17, 2011 - 2:34pm | 385All day traders should know this, the week leading into options expiration is an extremely tough period to trade. This is a time when the large institutional trading desks will play a lot games with the small retail options traders. Just look at the major stock indexes this week on any intra-day...
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UPDATE: Morgan Stanley Downgrades Digital River to Underweight
Wednesday, August 17, 2011 - 7:37am | 128Morgan Stanley is out with its report today on Digital River (NASDAQ: DRIV), downgrading DRIV to Underweight. In its report, Morgan Stanley writes, "Downgrading to Underweight on growing concern that DRIV's software and gaming segments are becoming less relevant due to structural shift in...
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This Week in Tech Stupidity: Nintendo Drops Backwards Compatibility in Wii after PSP Drops Wi-Fi
Wednesday, August 17, 2011 - 7:28am | 404Has every publisher in the game industry lost their minds? Yesterday Benzinga learned that Sony (NYSE: SNE) will release a new version of the old PSP in Europe for 99 euro. It has since come to our attention that the device may lack Wi-Fi support, which is about the dumbest move Sony could have...
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Kodak Owns $3 Billion in Patents, according to MDB Capital Group
Wednesday, August 17, 2011 - 7:01am | 89Digital-imaging patents owned by Kodak (NYSE: EK) could be worth $3 billion in a sale according to Chris Marlett, chief executive officer at MDB Capital Group, in an interview with Bloomberg. Potential buyers include Microsoft (NASDAQ: MSFT) and Samsung Electronics. Kodak's technologies are used in...
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Google/Motorola Deal and Research In Motion
Wednesday, August 17, 2011 - 4:42am | 582Google (NASDAQ: GOOG) surprised a lot of people by acquiring Motorola Mobility (NYSE: MMI), the pioneer in wireless technologies, which has a long history of innovation in the mobile phone industry. It defined the slim phone design by introducing the StarTAC phones 15 years ago, and reinvigorated...
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CommVault Named as Strategic Partner with Newly Launched UXC Connect
Tuesday, August 16, 2011 - 6:14pm | 203CommVault (NASDAQ: CVLT) will distribute products through UXC Connect under a partner agreement to market and sell CommVault® Simpana® software and support services to enterprise customers across Australia. UXC Connect, the newly founded infrastructure group formed by the merger of the Integ Group...
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Quality Systems Acquires CQI Solutions
Tuesday, August 16, 2011 - 1:30pm | 68Quality Systems, Inc. (NASDAQ: QSII) announced today that it has entered into an agreement to acquire CQI Solutions, Inc., a provider of surgery information systems installed at more than 100 of the nation's premier hospitals. CQI will become part of QSI's wholly owned subsidiary, NextGen...
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News Summary for August 16, 2011
Tuesday, August 16, 2011 - 6:44am | 642This is your Benzinga news summary and traders' outlook for Tuesday, August 16, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. At last check, Dow futures are down over 100 points and the U.S....
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Google Bought Motorola to Keep it Out of Microsoft's Hands: Report
Tuesday, August 16, 2011 - 5:35am | 255Google's (NASDAQ: GOOG) $12.5 billion purchase of Motorola Mobility was a calculated defensive play against Microsoft (NASDAQ: MSFT), according to a report from Gigaom.com. Monday's announcement of Google's newest acquisition sent the tech blogosphere into hyper mode, as critics and supporters...
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HiSoft Technology Screams Higher on Q2 Earnings Results
Monday, August 15, 2011 - 4:13pm | 197Shares of HiSoft Technology (NASDAQ: MSFT) are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 8.94%, trading at $12.55; they ended the regular session higher by 8.47%, at $11.52. HiSoft Technology reported Q2 EPS of $0...
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Three Cloud Computing Stocks That Could Be Takeover Candidates
Monday, August 15, 2011 - 2:58pm | 520This afternoon, the street is buzzing over the Google Inc.(NASDAQ: GOOG) buyout of Motorola Mobility Holdings Inc.(NYSE: MMI). Most investors on Wall Street were betting that InterDigital Inc.(NASDAQ: IDCC) was the leading candidate for a Google takeover. It just proves that any company with good...
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Microsoft Also Was In Talks to Buy Motorola Mobility Holdings - GigaOM
Monday, August 15, 2011 - 2:42pm | 86Motorola Mobility (NYSE: MMI) was in takeover talks with several companies, including Microsoft (NASDAQ: MSFT), according to GigaOM. Microsoft wanted Motorola's patent portfolio to enable it to target Google's (NASDAQ: GOOG) Android operating system. It was Microsoft's involvement that lead to...