Tech Trader Daily

ARMH: Nvidia GPU License a ‘Credible Competitor,’ Says William Blair

Tiernan Ray — Wed, 19 Jun 2013 18:55:34 +0000

Following Nvidia‘s (NVDA) announcement last night it plans to license the “Kepler” graphics processing unit, or GPU, core that powers its video cards to other chip makers for a fee, as use of high-quality graphics spreads to numerous types of devices beyond personal computers, William Blair‘s Anil Doradla reiterates a Market Perform rating on shares of ARM Holdings (ARMH), writing [...]

AMD: Williams Ups Target to $7; A Year Behind AMCC, Says BMO

Tiernan Ray — Wed, 19 Jun 2013 18:27:56 +0000

The Street today continues to respond to chip maker Advanced Micro Devices‘s (AMD) unveiling yesterday of its roadmap this year and next for its server microprocessors, with an emphasis on low-power chips for so-called micro-servers that perform Web-based tasks, cloud computing, and other non-traditional server roles, including using new technology from ARM Holdings (ARMH). Williams Financial Group‘s Cody [...]

Nvidia GPU Licensing Smart, Says Deutsche, But Challenges Remain

Tiernan Ray — Wed, 19 Jun 2013 17:45:33 +0000

As I mentioned earlier, the Street today is responding to chip maker Nvidia‘s (NVDA) announcement last night it plans to license the “Kepler” graphics processing unit, or GPU, core that powers its video cards to other chip makers for a fee, as use of high-quality graphics spreads to numerous types of devices beyond personal computers. In addition to [...]

BBRY: Bernstein Says Hold on Slow Consumer, Corporate BB10 Take-up

Tiernan Ray — Wed, 19 Jun 2013 16:35:33 +0000

Shares of BlackBerry (BBRY) are down 70 cents, or 4.7%, at $14.14, after a couple of bears on the stock weighed in today, claiming weakening sales of recently introduced BlackBerry handsets based on the BB10 operating system, in contrast to a few positive notes in the past week. Bernstein Research‘s Pierre Ferragu cut his rating on the shares to Underperform [...]

Sprint: As DISH Bows Out, What to Do with the Stock

Tiernan Ray — Wed, 19 Jun 2013 16:13:25 +0000

Shares of Sprint-Nextel (S) are down 18 cents, or 2.5%, at $7.14, after Dish Network (DISH) last night said it would end its $25.5 billion campaign to merge with the carrier as the deadline arrived for what Sprint requested would be a “best and final offer” from Dish. The bowing out of Dish seems to clear [...]

Google: CLSA Ups Target to $1,100 on Mobile Potential

Tiernan Ray — Wed, 19 Jun 2013 15:30:12 +0000

Shares of Google (GOOG) are up $3.78, or half a percent, at $904.40, after CLSA Asia-Pacific Markets‘s James Lee reiterated a Buy rating on the shares and raised his price target to $1,100 from $1,000, writing that a recent conference call with search engine market firm Performics suggests to him Google is making progress in monetizing mobile use of [...]

MU: DRAM Fortunes Boosted by Tight Supply, Says iSuppli

Tiernan Ray — Wed, 19 Jun 2013 14:56:13 +0000

Research firm IHS iSuppli this morning informs us that the DRAM memory chip market is finding propsperity by conducting the second year in a row of deliberate reduction in output, helping to firm up prices, and also helping to offset the slump in personal computer sales. iSuppli figures the DRAM industry will produce 13 million 300-millimeter wafers this year, down [...]

NVDA: Licensing Route to AAPL, Says Raymond James; Not, Says Evercore

Tiernan Ray — Wed, 19 Jun 2013 14:35:58 +0000

Shares of Nvidia (NVDA) are up 46 cents, or 3%, at $14.86, after the company last night said it plans to license the “Kepler” graphics processing unit, or GPU, core that powers its video cards to other chip makers for a fee, as use of high-quality graphics spreads to numerous types of devices beyond personal computers. [...]

This Morning: ADBE Jumps, Party Over for Sprint? Enthusiasm Wanes for BB10?

Tiernan Ray — Wed, 19 Jun 2013 13:57:00 +0000

Here are some things going on this morning in your world of tech: Shares of Adobe Systems (ADBE) are up $2.71, or almost 6%, at $46.07, after the company last night narrowly exceeded fiscal Q2 expectations, and forecast this quarter’s revenue and profit below consensus, but projected the year’s results slightly above what the Street has [...]

Dish Drops Bid for Sprint, Will Focus on Clearwire; CLWR Rises

Tiernan Ray — Tue, 18 Jun 2013 23:38:53 +0000

Shares of satellite television operator Dish Network (DISH) are up 5 cents at $39.14 after the company this evening said it would drop its bid to merge with Sprint-Nextel (S) after the latter had made the process impracticable, it said. “While DISH continues to see strategic value in a merger with Sprint, the decisions made [...]

Nvidia To License ‘Kepler’ GPU Core As PC Era Wanes

Tiernan Ray — Tue, 18 Jun 2013 22:51:40 +0000

In a corporate blog post, graphics and mobile chip designers Nvidia (NVDA) this evening announced the company will be licensing the “Kepler” graphics processing unit, or GPU, “core” behind its various products for speeding up computer graphics, including the “GeForce” line of plug-in cards. Nvidia said the proliferation of computing devices beyond the PC means, [...]

Dell: Icahn Tender Offers No Guarantees, Doesn’t Address Liquidity

Tiernan Ray — Tue, 18 Jun 2013 21:28:04 +0000

Dell‘s (DELL) board of directors this afternoon replied to Carl Icahn‘s proposal, announced today, to pay $14 per share if shareholders will tender upward of 1.1 billion of the company’s 1.67 billion shares outstanding, calling the proposal not something it can endorse. The board, which just this morning urged holders to vote in favor of [...]

Adobe Up 5%: FYQ2 Rev, EPS Beat; Q3, Year Views In Line

Tiernan Ray — Tue, 18 Jun 2013 20:19:09 +0000

Shares of Adobe Systems (ADBE) are up $2.18, almost 5%, at $45.54, in late trading, after the company reported fiscal Q2 revenue and profit per share that slightly exceeded estimates. Revenue in the three months ended in May fell roughly 10%, year over year, to $1.011 billion, yielding EPS of 36 cents, excluding some costs. [...]

AMD Talks ‘Seattle’; Wells Likes Strategy; Little Risk to Intel, Says RBC

Tiernan Ray — Tue, 18 Jun 2013 20:03:09 +0000

Shares of Advanced Micro Devices (AMD) are up 4 cents, or 1%, at $$4.09, after the company this morning formally unveiled its processor roadmap for servers, discussing three parts coming in 2014 for mainstream servers and also the emerging category of “micro-servers.” AMD will offer an x86 part to go head to head with Intel‘s [...]

Dell: ‘Dire Projections’ Mask Profit Opportunity, Icahn Tells CNBC

Tiernan Ray — Tue, 18 Jun 2013 19:35:26 +0000

Following up on CNBC‘s report earlier today that Carl Icahn has proposed a tender offer to buy 1.1 billion shares of Dell (DELL) at $14, the channel’s Scott Wapner this afternoon reports having spoken by phone with Icahn, and obtaining from him the following comment: Despite Dell’s own dire projections, the company’s own consultant, BCG, [...]

Apple: Smart Watch Unlikely to be Big Money Maker, Says Jefferies

Tiernan Ray — Tue, 18 Jun 2013 19:30:29 +0000

Jefferies & Co.’s Peter Misek was on CNBC a short while ago to related findings of a perusal of smart watches he recently conducted, the upshot of which was that there seems little opportunity for Apple (AAPL) to actually make much money in that category, despite months and months of rumors that Apple is interested [...]

Micron: Raymond James Ups Target to $17 on FYQ3 Upside, Elpida

Tiernan Ray — Tue, 18 Jun 2013 18:59:09 +0000

DRAM and NAND flash memory chip maker Micron Technology (MU) gets another price target increase today in advance of its fiscal Q3 report tomorrow afternoon, ahead of market close, this time from Raymond James’s Hans Mosesmann, who reiterates a Strong Buy rating and raises his price target to $17 from $12, writing that “the 109% [...]

Nokia Surges 11%: Huawei ‘Open’ to Buying Them, Says FT

Tiernan Ray — Tue, 18 Jun 2013 17:06:07 +0000

Shares of Nokia (NOK) are up 41 cents, or 11%, at $4.10, during in mid-day trading following an article a short while ago by the Financial Times’s Daniel Thomas, who writes that Chinese smartphone and networking vendor Huawei is open to buying Nokia, citing remarks by its head of consumer products. “We are considering these [...]

Dell: Icahn Bids $14 for Tender of 1.1B Shares, Says CNBC; Southeastern Offers Half Its Shares

Tiernan Ray — Tue, 18 Jun 2013 16:56:18 +0000

Shares of Dell (DELL) are up 5 cents at $13.46 after CNBC reported this afternoon that Carl Icahn, who has been proposing to restructure the company and pay a large dividend against a leveraged buyout proposed by CEO Michael Dell, sent a letter to shareholders proposing a tender offer to buy 1.1 billion worth of [...]

AAPL: CEO Cook ‘The Right Guy’ for ‘Exceptional Company,’ Says UBS

Tiernan Ray — Tue, 18 Jun 2013 16:05:34 +0000

UBS hardware analyst Steve Milunovich today reiterates a Buy rating on Apple (AAPL) and a $500 price target, observing that even thought the shares have lately become a “trading stock,” and even though Apple’s challenges of late “are summarized by the view that most of Apple’s success can be attributed to the unique capabilities of [...]