Barrons : Tech Trader Daily (54)

Nvidia: VC Firm Loup Ventures Lauds Potential for Custom Chips

In addition to data centers and A.I. and autos, you can add custom chips for crypto-currencies as a potential big opportunity for Nvidia, according to a missive from venture capitalist Gene Munster of Loup Ventures.

Salesforce: Stick With High Quality, Urge the Bulls

Shares of cloud computing software titan Salesforce are down $1.98, or 1.8%, at $106.82, continuing last night's after hours losses, after the company reported fiscal Q3 results that beat, and trumpeted its rapid growth, but also implied billings' for this quarter will be less than some ...

Comcast V. Netflix: FCC Order 'Begging to Be Reversed,' Says Moffett-Nathanson

It's hard to imagine Tuesday's FCC order striking down Net Neutrality lasting for very long, so egregious are its changes, argues Craig Moffett of the eponymous Moffett-Nathanson boutique research firm. He thinks bipartisanship in Congress might just come to the rescue with legislation that rolls ...

Hewlett and HP Fall in Tandem: Street Surprised by Whitman Exit

Hewlett Packard shares and its sister company, HP Inc., are trading down sharply in tandem. While HP's results are in some senses more welcome than Hewlett's, the departure of Hewlett Packard CEO Meg Whitman, an unexpected development for many on the sell side, hangs over the discussion today.

Analog Devices and the 'Renaissance' of Analog Chips

Analog Devices is benefitting from a "renaissance" in its market, writes Mark Lipacis of Jefferies & Co., and many of his peers on the sell side might agree, as consolidation brings higher supply of analog chips, boosting prices and margins.

Broad-Qualcomm Could Be Worth As Much as $485/Sh, Says Mizuho

Broadcom's bid for Qualcomm could saddle the combined company with a staggering $152 billion of debt, but it would also be a generator of gigantic amounts of free cash flow, writes Vijay Rakesh of Mizuho, who sees a combined company possibly worth as much as $485 per share.

Apple Could Offer 'iPhone 8s' With Large, non-OLED Screen, Says Rosenblatt

Apple may offer an "iPhone 8s" next year that ditches the AMOLED display but offers a larger screen in 2018, speculates analyst Jun Zhang with Rosenblatt Securities.

Hewlett's Whitman: The Edge Will Offset Amazon et al.'s Dominance

Retiring CEO Meg Whitman of Hewlett Packard says her company must chart a course to edge computing, as the oligarchs of cloud -- Amazon, Microsoft and Alphabet -- continue to erode the business opportunity in the traditional data center.

Hewlett's Whitman: 'I Will Not Run for Office in 2020′

Meg Whitman, who plans to retire from the top spot at Hewlett Packard Enterprise in February, said she has no plans to run for elected office. She's not saying no to the possibility for future CEO roles, but also says she may quite simply retire.

Salesforce Hawkins Looks Forward to Another Year of Expanding Margins

Following a report this afternoon by cloud computing giant of better-than-expected fiscal Q3 results, and a  forecast for profit this quarter slightly light of expectations, COO Keith Block and CFO Mark Hawkins were kind enough to take a few minutes to talk with me by phone about the ...

Salesforce Slips: 'Billings' Outlook Soft, Says Mizuho

Salesforce shares sold off in late trading, as its outlook for earnings and for "billings" this quarter came up short, despite other metrics that beat Wall Street's expectations.

Hewlett Packard Slips: Chief Whitman To Retire, President Neri To Take Over

Meg Whitman, who led Hewlett Packard for six years through its breakup into two separate companies, and a substantial downsizing of its employee base, said she'll retire February 1st, turning over the top spot to Hewlett's president, Antonio Neri. The stock dipped in late trading.

HP Inc. Drops 6% Amidst Whitman Retirement Message

Shares of HP Inc. dropped 6% in late trading, despite beating quarterly revenue expectations, by a wide margin, and forecasting the new year's profit a penny ahead of the Street. The report comes as Meg Whitman, head of sister company Hewlett Packard Enterprise, announced she'll retire in February.

Salesforce FYQ3 on Tap: Mizuho Looks for Upside in Billings, Large Deals

All signs are go for a better-than-expected quarterly report from cloud computing giant Salesforce after the bell today, says Mizuho analyst Abhey Lamba.

Analog Devices Off 4%: Look Past 'Conservative' Forecast, Says B Riley

Shares of chip maker Analog Devices sold off by almost 4% following a report Tuesday morning of quarterly results that actually beat expectations, and an upbeat outlook as well. B. Riley's Craig Ellis, a bull on the stock, sees the weakness coming from a revenue growth forecast that may have missed ...

AT&T: Despite Facts on Its Side, DoJ Could Be 'Overhang,' Says Wells Fargo

Although the DoJ suit against AT&T and Time Warner to block their proposed merger seems to lack merit, nevertheless it could weigh on AT&T shares, writes Jennifer Fritzsche of Wells Fargo.

AT&T, Time Warner: 'Weak' Case Puts Burden on DoJ, Says Street

The Department of Justice's lawsuit against AT&T and Time Warner's proposed merger is "weak," the Street is suggesting today, at least the sell-side portion of it. Raymond James and Instinet analysts accuse the Department of bringing a case that departs from precedent and seems not to make a ...

Synaptics Jumps 5%: Fingerprint Sensor Nears Mass Production, Says KeyBanc

Synaptics shares jumped 5% as KeyBanc's John Vinh relates that his research suggests the company is nearing mass production with a new kind of sensor, a so-called "in-display" fingerprint reader, and that it may be used by a "Tier One" Chinese smartphone vendor.

Netflix, Comcast, et al: FCC Chair Pai Vows to 'Abandon' a 'Mistake' on Net Neutrality

Pledging to release in coming weeks a draft order about regulation of Internet traffic, Federal Communications Chairman Ajit Pai a short while ago said he intends to present to the Commissioners his Restoring Internet Freedom Order' at a December 14th meeting of the Commission. Internet giants ...

AT&T and Time Warner Would 'Expletive Deleted' Competitors, Says DoJ

The Justice Department had strong words for the proposed deal for AT&T and Time Warner to merge, saying the current abuse of customers -- things like waiting all day for a service technician, and seeing their monthly bill rise -- would be compounded by a vertical merger that would limit competition. ...

AT&T Rebuts DoJ Suit: 'Radical and Inexplicable'

AT&T's top lawyer called a DoJ suit to block its merger with Time Warner "radical and inexplicable," in advance of a press conference by the two companies this evening.

Palo Alto Jumps 6%: Raises Year Outlook, Names New CFO

Security technology vendor Palo Alto Networks saw its shares surge 6% as it beat quarterly expectations and raised its year outlook, and named a veteran of Symantec and American Airlines as its new chief financial officer.

3D Systems: Competition's Tough, New Product Could Help, Says Piper

Times are tough for 3D Systems, with rising competition from the likes of HP Inc., but at least there is new product on the way, and the stock reflects more of the risk after a 32% plummet, writes Troy Jensen of Piper Jaffray.

Marvell for Cavium: A 'Formidable Force,' Says William Blair

Marvell's $6 billion bid for fellow chip maker Cavium could create a "formidable force" in the semi world, according to William Blair chip analyst Anil Doradla.

PayPal's 'Exemplary Execution' Has Diminished Risk, Says Monness Crespi

PayPal has reduced the risk in its business by becoming a "platform," along with several other steps, such as selling its consumer credit portfolio, according to Monness Crespi Hardt analyst James Cakmak, who raises his price target on the stock to $88 from $80.

Amazon's Rising Gross Margin To Add $160B to War Chest, Says Instinet

Amazon could expand its gross profit margin by as much as ten points over the next five years, claims Simeon Siegel of Instinet, which will fill Jeff Bezos's invesment war chest with another $160 billion.

Amazon's Rising Gross Margin To Add $160B to War Chest, Says Instinet

Amazon could expand its gross profit margin by as much as ten points over the next five years, claims Simon Siegel of Instinet, which will fill Jeff Bezos's invesment war chest with another $160 billion.

Apple's Ginormous Share of Industry Profit Expands, Says Canaccord

Healthy demand for Apple's iPhone X suggests the company can take share from Samsung in North America this holiday season, writes Canaccord Genuity's Mike Walkley, which in turn will boost Apple's already ginormous share of industry profit.

Verizon Too Cheap to Ignore, Says Wells Fargo

Verizon's stock is trading below its average valuation in the last 20 years, notes Jennifer Fritzsche of Wells Fargo as she raises her rating on the stock to the equivalent of a Buy. Plus, investors may warm to the company's multi-year planned investment in fiber-optic infrastructure, once ...

Marvell Buys Cavium in $6B Cash and Stock Deal

Cavium shares surged almost 8% from their Friday close as Marvell, big in chips for hard drives, said it would buy the maker of networking chips for $6 billion, a deal that had been rumored in recent weeks. Marvell shares also rose.

Qualcomm: Broadcom Would Throw Licensing to the Wolves, Says Bernstein

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 ...

Apple's 'HomePod' Delay Speaks to Expanded Siri Role, Says Loup's Munster

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.

Comcast, Disney, Fox: Urge to Acquire is Questionable, Says Media Reporter Auletta

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 ...

Intel To Ride the Rise in Artificial Intelligence Chips, Says Daiwa

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 ...

PayPal: M&A Spree Could Follow Credit Sale, Says Stifel

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 Slips: Delays 'HomePod,' Amazon Echo Competitor, To 2018

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.

Comcast in Talks with Fox About Acquisition, Says WSJ

Following a report last week that Walt Disney  had held talks to acquire 21st Century Fox , The Wall Street Journal's Dana Mattioli and Keach Hagey this afternoon report that Comcast has approached' Fox to express interest in an acquisition,' citing multiple unnamed sources. The authors write that ...

Stitch Fix: Data Scientists of Apparel Rise 16% on Nasdaq Debut

Stitch Fix, the six-year-old startup selling apparel and other goods based on "data science," rose 16% in the opening of its first day of trading on Nasdaq.

Comcast in Talks with Fox About Acquisition, Says WSJ

Following a report last week that Walt Disney  had held talks to acquire 21st Century Fox , The Wall Street Journal's Dana Mattioli and Keach Hagey this afternoon report that Comcast has approached' Fox to express interest in an acquisition,' citing multiple unnamed sources.  The authors write ...

Back to Dot-Com: Cisco's Biggest Close in Over 16 Years

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.

Splunk Surges 12% on Higher FYQ4 View, 2019 Outlook

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 Rising: FYQ4 Beats, Higher Q1 View

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.

NetApp Surges 15%: This is Sustainable, Says BMO; No, It's Not, Says Morgan Stanley

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.

Asus Seeks to Add Toshiba's De Minimis PC Share, Says Nikkei

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.

Arista Shines in Cisco's Routing, Switching Decline, Says Needham

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 Could Tip the Balance in Broadcom Bid for Qualcomm, Says Cowen

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 & ...

Cisco Surges 7%: Return to Growth Can Boost Valuation, Say Bulls

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.

Cisco Jumps 6%: CFO Kramer Trumpets Surge in Deferred Revenue

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 ...

NetApp Surges 10%: Street Enthuses over 'Hyper-Converged' Prospects

Shares of storage technology provider NetApp surged 10% in late trading as it beat Wall Street's quarterly expectations and offered an upbeat forecast, with analysts seeming to be particularly intrigued by the prospects for its newer gear in the "hyper-converged" market.

Cisco Jumps 4%: Apps Shine as Routing

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.