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Tiernan Ray / Tech Trader Daily:
VMware beats slightly with $1.87B in revenue, up 10% YoY, confirms layoffs of 800, and appoints new CFO Zane Rowe from EMC   —  VMware Q4 Beats; Will Cut 800 Jobs; Appoints EMC CFO  —  Virtualization software pioneers VMware (VMW), which is in the process of being acquired …
Jan 26, 2016, 5:10 PMIn context
Tiernan Ray / Tech Trader Daily:
Wireless chip maker Skyworks to buy networking chip provider PMC-Sierra in $2B all cash deal   —  Skyworks to Buy PMC-Sierra for $2B, Diversify into Data Center Chips  —  Wireles chip maker Skyworks Solutions (SWKS) late Monday evening said it would buy wired networking chip maker PMC-Sierra …
Oct 6, 2015, 7:45 PMIn context
Tiernan Ray / Tech Trader Daily:
Apple dropped 2.5%, Google 3.7%, Facebook 4.6%, Microsoft 3.2%, as most tech stocks close down for the day after morning sell-off and midday recovery   —  Apple Ends Down 2.5%, Netflix off 7% as Nasdaq Rout Continues  —  Apple (AAPL) shares ended Monday's wild session down $2.61, or 2.5% …
Aug 24, 2015, 4:55 PMIn context
Teresa Rivas / Tech Trader Daily:
EBay Board Approves PayPal Spinoff; Stock Distribution Set For July 17   —  Shares of eBay (EBAY) are up 0.3% in after hours trading just minutes after the company said that its board of directors approved the completion of the PayPal spinoff.  —  According to the press release …
Jun 26, 2015, 5:25 PMIn context
Tiernan Ray / Tech Trader Daily:
Lexmark Buys Software Maker Kofax at 47% Premium in $1B Deal   —  Shares of printer maker Lexmark International (LXK) are up $1.86, or almost 5%, at $42.65, in late trading, after the company this afternoon announced it will purchase enterprise software maker Kofax (KFX) for $11 per share …
Mar 24, 2015, 7:35 PMIn context
Tiernan Ray / Tech Trader Daily:
Apple Has 93% of Mobile Profits; 650M Users by 2018, Says Canaccord   —  Canaccord Genuity's Mike Walkley this morning raises his price target on shares of Apple (AAPL) to $145 from $135, writing that his review of market data suggests continued strength for the iPhone 6 upgrade cycle.
Feb 9, 2015, 12:55 PMIn context
Tiernan Ray / Tech Trader Daily:
AMD's Graphics, Marketing, Strategy Execs All Depart   —  Chip maker Advanced Micro Devices (AMD) this evening announced via an 8-K filing with the Securities & Exchange Commission that its director director of its microprocessor and its graphics chips, or GPU, John Byrne, is leaving the company, “to pursue other opportunities.”
Jan 12, 2015, 11:00 PMIn context
Tiernan Ray / Tech Trader Daily:
Sprint Down 4%: FYQ2 Rev, EPS Miss; Net Postpaid Losses 272K; To Cut 2,000 Workers   —  Sprint (S) this afternoon reported fiscal Q2 revenue and earnings per share that missed analysts' estimates, sending its shares at first sharply lower before they recouped some losses in the late session.
Nov 3, 2014, 4:40 PMIn context
Tiernan Ray / Tech Trader Daily:
GT Advanced To Sell Furnaces for Cash to Pay Back Apple, Says Fortune   —  Fortune columnist Philip Elmer-DeWitt a short while ago tweeted from the courtroom in Springfield, Massachusetts that one-time Apple (AAPL) supplier GT Advanced Technologies (GTAT) has agreed to pay off its debts to Apple …
Oct 21, 2014, 7:05 PMIn context
Tiernan Ray / Tech Trader Daily:
IBM Drops 7% on Q3 Miss; $4.7B Charge to Divest Chip Unit   —  Shares of International Business Machines (IBM) are down $13.32, over 7%, at $168.73, in early trading, after the company this morning reported Q3 revenue and earnings per share that missed analysts' estimates …
Oct 20, 2014, 8:25 AMIn context

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