Techmeme

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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
Tiernan Ray / Tech Trader Daily:
Apple Rising as Estimates Go Higher on iPhone 6 Cycle; China Pre-Sales Reportedly 20M   —  Shares of Apple (AAPL) are up 80 cents, or 0.8%%, at $101.53, on another wave this morning of bullish Street views on iPhone 6 shipments.  —  In the news, DigiTimes's Amy Fan and Alex Wolfgram report …
Oct 13, 2014, 12:50 PMIn context
Tiernan Ray / Tech Trader Daily:
AMD names COO Lisa Su new CEO, to replace Rory Read, effective immediately   —  AMD Falls 6%: Operating Chief Su Named CEO; OpCo Questions Timing  —  Shares of chip maker Advanced Micro Devices (AMD) are up two cents at $3.30, in late trading, after the company this afternoon announced …
Oct 8, 2014, 5:55 PMIn context
Tiernan Ray / Tech Trader Daily:
Intel Takes $1.5B, 20% Stake in China's Tsinghua, To Market Intel Chips with Spreadtrum   —  Confirming speculation yesterday morning by Chinese media and social networking outfit Tencent, chip giant Intel (INTC) said early Friday morning it will invest $1.5 billion for a 20% stake …
Sep 26, 2014, 12:30 AMIn context

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