Broadcom's Hock Tan intends to take Qualcomm's licensing business and "throw it to the wolves" if he gets his hands on the company, speculates Bernstein chip analyst Stacy Rasgon, trading rich royalty dollars for greater chip sales, based on his conversations with Broadcom and with investors. That could mean an ugly proxy fight is coming, he speculates.
Apple's delay in its HomePod smart speaker till sometime early next year probably means the company's working on overcoming challenges making the device have broader capabilities, especially for its Siri assistant function, says Gene Munster, venture capitalist with Loup Ventures.
As CNBC's David Faber reports on continued talks between Comcast and Disney and 21st Century Fox to buy parts of Fox, media observer Ken Auletta appeared on the channel to throw cold water on the notions behind it, questioning the premise of media companies getting bigger scale, and expressing puzzlement at the notion Fox would want to sell its TV production unit.
Investors underestimate Intel's ability to compete in the growing market for artificial intelligence chips, argues Deepak Sitaraman of Daiwa Securities, as he starts coverage of the stock with a Buy rating. They're second only to Nvidia at the moment, and show much promise, he believes, as data center and automative markets look set to gobble up A.I. chips.
PayPal gets cheers today from both bull and bear for offloading its consumer loan portfolio to financial partner Synchrony, and one sell-side analyst, John Davis of Stifel Nicolaus, thinks the big cash pile from the sale could be put to a large acquisition.
Apple's "HomePod" speaker has been delayed till sometime in "early 2018," said Apple, telling Tech Crunch and other outlets that it needs more time to get the product right.
Shares of Stitch Fix (SFIX), the six-year-old San Francisco startup that uses “data science” to sell apparel and other items, both from brand names and its own private-label merchandise, are up $2.49, or 16%, from their initial public offering price of $15, at a recent $17.49, after opening at $16.90. The deal priced below an initial […]
Following a report last week that Walt Disney (DIS) had held talks to acquire 21st Century Fox (FOXA), The Wall Street Journal’s Dana Mattioli and Keach Hagey this afternoon report that Comcast (CMCSA) “has approached” Fox “to express interest in an acquisition,” citing multiple unnamed sources. The authors write that it’s not clear if Comcast is interested […]
Cisco's stock closed up 5% at $35.88, following what many called a return to growth in its quarterly forecast; the stock had its best close since February of 2001.
Shares of "Big Data" and data analytics tool maker Splunk surged by more than 9% after its results and quarterly outlook beat expectations, and its 2019 forecast was also just a bit better.
Applied Materials shares were down slightly in after-hours trading, even though the company beat quarterly expectations and forecast this quarter's results higher as well.
Bulls cheered what seemed to be a genuine turnaround in the management and the products at storage equipment vendor NetApp, though bears grumble that too much is being made of the company's delayed recovery.
Taiwan's Asus is in talks with Japan's Toshiba to buy the latter's personal computer market, according to the Nikkei Asia Review. Though Toshiba has minimal share in the market, it might be a strategic fit for fourth-place Asus, as it looks for a foothold among corporate PC buyers.
Cisco results from Wednesday afternoon, and comments by Arista at a trade show, suggest to Needham & Co.'s Alex Henderson that it continues to take share from Cisco at a rapid clip, not only in switching but also in routing technology.
Apple, Qualcomm's biggest customer, is engaged in litigation with the chip maker, and that acrimonious relationship might be just the thing to help Broadcom CEO Hock Tan, if he can convince regulators his bid for Qualcomm would resolve the two companies' disputes, according to a report from Cowen & Co.'s Carl Ackerman.
Cisco's back to growth, say both bull and bear, and the bears believe it can boost the company's stock valuation, especially with "less cyclical" growth than in past.
In an interview following Cisco's upbeat quarterly forecast, CFO Kelly Kramer talked about how the continued surge in the company's deferred revenue from "recurring" product sources, such as software subscriptions, proves the company's "transformation" is going well. Cisco stock rose almost 6% in late trading following the forecast.
Shares of storage technology provider NetApp surged initially by as much as 9% in late trading after it reported quarter results, and provided an outlook, that both topped Wall Street's expectations.
Cisco stock climbed by 4% in late trading after it beat quarterly profit expectations by one penny, and forecast results for both revenue and profit this quarter higher than Wall Street was modeling.
Advanced Micro Devices, Xilinx and Cavium all had impressive displays of their technology for high-performance computing at a trade show in Boulder, Colorado, according to chip analyst Hans Mosesmann of Rosenblatt.