http://seekingalpha.com/currents/all SA Currents RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/currents/post/1094092?source=feed 1094092 Post your comment!]]> Thu, 20 Jun 2013 00:10:00 -0400 SeekingAlpha ORCL, TIBX Post your comment!]]> http://seekingalpha.com/currents/post/1094052?source=feed 1094052 Post your comment!]]> Thu, 20 Jun 2013 00:05:00 -0400 SeekingAlpha IHS, KR, PIR, RAD Post your comment!]]> http://seekingalpha.com/currents/post/1094452?source=feed 1094452 Post your comment!]]> Thu, 20 Jun 2013 00:00:00 -0400 SeekingAlpha Thursday's economic calendar:
8:30 Initial Jobless Claims
9:00 PMI Manufacturing Index Flash
9:45 Bloomberg Consumer Comfort Index
10:00 Existing Home Sales
10:00 Philly Fed Business Outlook
10:00 Leading Indicators
10:30 EIA Natural Gas Inventory
4:30 PM Money Supply
4:30 PM Fed Balance Sheet Post your comment!]]> http://seekingalpha.com/currents/post/1095202?source=feed 1095202 Post your comment!]]> Wed, 19 Jun 2013 20:09:00 -0400 SeekingAlpha FIVE) sinks in the post session after announcing an 8.6M share secondary offering. All of the shares are being offered by selling shareholders, including certain members of Five Below's management team and Board of Directors. The underwriters are expected to have a 30-day option to purchase an additional 1.3M shares to cover over-allotments. FIVE won't receive any proceeds from the sale. Goldman Sachs, Barclays, Jefferies, Credit Suisse and Deutsche Bank are joint book-running managers. Shares -6% AH. Post your comment!]]> http://seekingalpha.com/currents/post/1095192?source=feed 1095192 Post your comment!]]> Wed, 19 Jun 2013 19:58:53 -0400 SeekingAlpha ECTE +1.9%) says that its priced its full 4.628M share public offering, which includes the full over-allotment exercise, at $2.70 per share, an actual 3% premium to today's closing price of $2.62. Demand for the deal was high, and the sale will generate around $12.5M in gross proceeds before the underwriting discount and other offering costs are deducted. Shares +1.9% AH. Post your comment!]]> http://seekingalpha.com/currents/post/1095182?source=feed 1095182 2 comments!]]> Wed, 19 Jun 2013 19:58:45 -0400 SeekingAlpha EBIX) merger agreement with a Goldman Sachs affiliate has been terminated. The termination is the result of Ebix's receipt of a letter from a U.S. Attorney for the Northern District of Georgia stating it has "opened an investigation into allegations of intentional misconduct" found in recent shareholder class action suits against Ebix. The letter follows an SEC investigation into Ebix's accounting launched earlier this year. EBIX -25% AH. SA contributor Gotham City Research has been quite critical of Ebix's accounting for some time. 2 comments!]]> http://seekingalpha.com/currents/post/1095172?source=feed 1095172 Post your comment!]]> Wed, 19 Jun 2013 19:28:26 -0400 SeekingAlpha EMC is buying Israeli storage software startup ScaleIO for $200M-$300M, TechCrunch and Geektime report. ScaleIO's software allows storage found inside servers to be pooled and managed like storage arrays on a SAN. This can lead to both cost savings and (esp. when flash memory is used) performance gains. Acquiring ScaleIO would be the latest in a string of moves from EMC to lower its traditional focus on array sales. Last month, EMC announced ViPR, a software platform for managing storage hardware/services from both EMC and rivals, and in March, the company showed off new server flash cards and caching software. Post your comment!]]> http://seekingalpha.com/currents/post/1095162?source=feed 1095162 9 comments!]]> Wed, 19 Jun 2013 18:41:44 -0400 SeekingAlpha AAPL) roundup: 1) Apple TV has received a software update that adds support for HBO GO, WatchESPN, and 3 other sources. iTunes Radio will arrive this fall. 2) Apple patent chief Boris Teksler has left to join France's Technicolor. 3) Apple has won a $30M contract to supply iPads for L.A. schools; iPad education sales have been a priority for Apple. 4) After using iOS 7 for a week, BGR's Zach Epstein offers a critical take that doesn't revolve around icons. "Apple’s mobile platform just isn’t getting any smarter ... What meaningful, innovative functions can iOS 7 perform that iOS 6 could not?" Dan Frommer, another early user, isn't as harsh, but offers a similar take. "The big-picture reality is that iOS 7 really isn’t very different." 9 comments!]]> http://seekingalpha.com/currents/post/1095152?source=feed 1095152 Post your comment!]]> Wed, 19 Jun 2013 18:33:44 -0400 SeekingAlpha World Food Prize for enhancing the global food supply has gone to a creator of genetically modified crops, a top scientist at Monsanto (MON). The prize has some PR value for MON, potentially aiding the case for bio-engineered food and deflecting some criticism of one of the world's most controversial companies. Post your comment!]]> http://seekingalpha.com/currents/post/1095142?source=feed 1095142 Post your comment!]]> Wed, 19 Jun 2013 18:17:39 -0400 SeekingAlpha CAMP) is replacing Palomar Medical as of the June 24 close, WageWorks (WAGE) is replacing National Financial Partners as of the June 25 close, and Associated Estates (AEC) is replacing Websense as of the June 25 close. Palomar, NFP, and Websense are all being acquired.camp. CAMP +1.5% AH. WAGE +1.5%. AEC +3%. Post your comment!]]> http://seekingalpha.com/currents/post/1095132?source=feed 1095132 Post your comment!]]> Wed, 19 Jun 2013 18:12:57 -0400 SeekingAlpha INVN -1%) is "likely shut out of the iPhone opportunity this year," says Maxim's Ashok Kumar, countering several reports claiming the opposite. Kumar, who's still reiterating a Buy, says checks point to the iPhone 5S using most of the components found in the iPhone 5, which suggests current motion sensor suppliers STMicroelectronics (STM) and AKM won't be kicked out. However, he adds checks do point to a next-gen Nexus 7 design win for InvenSense, and considers a next-gen iPad Mini win possible. InvenSense only fell in line with the market today, which suggests investors (like many of Kumar's peers) are still expecting a 5S win. Post your comment!]]> http://seekingalpha.com/currents/post/1095122?source=feed 1095122 2 comments!]]> Wed, 19 Jun 2013 18:10:43 -0400 SeekingAlpha CLF) says it could scrap its Bloom Lake expansion project in Canada's iron-rich Labrador Trough region if iron ore prices fall back to $90/metric ton. The mine is seen by analysts as a key future growth driver, but "at $90, the project doesn't go, which is consensus right now," CEO Joseph Carrabba tells Reuters; at $110 or $120, roughly the current price, it's a go. 2 comments!]]> http://seekingalpha.com/currents/post/1095112?source=feed 1095112 3 comments!]]> Wed, 19 Jun 2013 17:57:54 -0400 SeekingAlpha MU) -2.1% AH in spite of its FQ1 beat, as investors take profits following a 120% YTD run-up. DRAM sales +23% Q/Q in FQ1, thanks to a 16% ASP increase and 6% volume growth. NAND flash sales +7%, largely due to an 8% increase in trade NAND ASPs. The ASP gains led gross margin to jump 600 bps Q/Q and 1300 bps Y/Y to 24%. Capex was $235M (10% of revenue), and free cash flow was $389M, a big improvement from FQ4's $78M and a reversal from the cash burn reported in many recent quarters. RBC notes DRAM sales were better than expected, but adds NAND shipments were light. SanDisk (SNDK) +0.8%. 3 comments!]]> http://seekingalpha.com/currents/post/1095102?source=feed 1095102 Post your comment!]]> Wed, 19 Jun 2013 17:54:05 -0400 SeekingAlpha ZN) says its Board of Directors has approved in-well testing at its Elijah #3 well in the Asher-Menashe License in Israel, in which an application was submitted the country's Petroleum Commissioner for a third one-year extension on April 26. The testing is a key method of obtaining information on the formation fluid and establishing whether a well has found a commercial hydrocarbon reservoir. Post your comment!]]> http://seekingalpha.com/currents/post/1095092?source=feed 1095092 Post your comment!]]> Wed, 19 Jun 2013 17:48:59 -0400 SeekingAlpha Pinnacle West Capital Corporations (PNW) declares $0.545/share quarterly dividend, in line with previous. Forward yield 4.01%. For shareholders of record August 1. Payable September 3. Ex-div date July 30. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1095082?source=feed 1095082 3 comments!]]> Wed, 19 Jun 2013 17:45:08 -0400 SeekingAlpha I have become Mr. Linn Energy (LINE). I don't want to be. I happen to like the stock" Jim Cramer writes, citing the Berry Petroleum (BRY) merger: "It's an incredibly valuable property, much more than I think most people realize." Short-term traders should stay away, but for long-termers, the Berry deal - if it goes through - is a huge win for LINE shareholders. "If it doesn't, it will be because the bear raid worked." 3 comments!]]> http://seekingalpha.com/currents/post/1095072?source=feed 1095072 Post your comment!]]> Wed, 19 Jun 2013 17:39:51 -0400 SeekingAlpha DEPO) says that the FDA's website shows that an Abbreviated New Drug Application for a generic version of Zipsor has been submitted. DEPO hasn't received a Paragraph IV certification with respect to the filing and doesn't know the identity of the party that filed. The company says Zipsor is protected by five patents, all of which are listed in the FDA’s Orange Book, and it intends to vigorously enforce its intellectual property rights relating to the drug. Post your comment!]]> http://seekingalpha.com/currents/post/1095062?source=feed 1095062 Post your comment!]]> Wed, 19 Jun 2013 17:39:00 -0400 SeekingAlpha RHT) guides on its FQ1 call for FQ2 EPS of $0.32-$0.33 and FY13 EPS of $1.31-$1.35, in-line with Street estimates of $0.33 and $1.34 and better than feared. Aided by strong demand from telco and cloud customers, FQ1 billings rose 14% Y/Y, a solid improvement from the 9% FQ4 growth that had disappointed some investors. Deferred revenue balance -3% Q/Q and +16% Y/Y to $1.06B, and $179M was spent on buybacks. Shares +3.9% AH, thanks in part to low expectations. (PR) (yesterday) Post your comment!]]> http://seekingalpha.com/currents/post/1094062?source=feed 1094062 Post your comment!]]> Wed, 19 Jun 2013 17:35:52 -0400 SeekingAlpha ORCL, TIBX Post your comment!]]> http://seekingalpha.com/currents/post/1095052?source=feed 1095052 2 comments!]]> Wed, 19 Jun 2013 17:30:25 -0400 SeekingAlpha After-hours top gainers, as of 5:15 p.m.: FNSR +10%. GME +9%. HW +7%. EDAP +6%. NOK +5%.
After-hours top losers: GASX -9%. ZIXI -7%. SCS -4%. QAI -2%. GLW -2%. 2 comments!]]> http://seekingalpha.com/currents/post/1094042?source=feed 1094042 Post your comment!]]> Wed, 19 Jun 2013 17:30:23 -0400 SeekingAlpha IHS, KR, PIR, RAD Post your comment!]]> http://seekingalpha.com/currents/post/1095042?source=feed 1095042 Post your comment!]]> Wed, 19 Jun 2013 17:26:04 -0400 SeekingAlpha likes Owens Corning (OC) despite "gyrations" tied to the "timing and pace of new residential construction." The logic behind analyst Al Kaschalk's initiation is a bit heavy, but in sum: The company's margins in the roofing segment are supported by reasonable pricing and "strong positioning", Composite margins are set to expand, and "cadence" regarding the Insulation segment (see Q1 earnings PR for more) is positive. OC initiated at Outperform with a $50 PT. Post your comment!]]> http://seekingalpha.com/currents/post/1095032?source=feed 1095032 Post your comment!]]> Wed, 19 Jun 2013 17:24:50 -0400 SeekingAlpha TRP) announces the appointment of a new independent director, Mr. John Richels, effective immediately. Mr. Richels has been the president and CEO of Devon Energy (DVN) since 2010. Post your comment!]]> http://seekingalpha.com/currents/post/1095022?source=feed 1095022 1 comment!]]> Wed, 19 Jun 2013 17:20:01 -0400 SeekingAlpha FQ3 results, Jabil (JBL) is announcing a restructuring. The contract manufacturer plans to cut an undisclosed number of jobs, and record $188M in charges (cash charges will total $140M).  FQ4 guidance is for revenue of $4.55B-$4.65B and EPS of $0.50-$0.58, below a consensus of $4.59B and $0.60. Jabil sees its High Velocity manufacturing sales rising 15% Y/Y in FQ4, and its Diversified Manufacturing and Enterprise & Infrastructure sales holding steady. Shares -0.3% AH. (PR) 1 comment!]]> http://seekingalpha.com/currents/post/1095012?source=feed 1095012 Post your comment!]]> Wed, 19 Jun 2013 17:15:12 -0400 SeekingAlpha MEMP) files for a public offering of ~12.4M common units, all of which will be offered by selling unitholders. MEMP will receive no proceeds from the offering. Post your comment!]]> http://seekingalpha.com/currents/post/1095002?source=feed 1095002 Post your comment!]]> Wed, 19 Jun 2013 17:12:33 -0400 SeekingAlpha SWY) sale of its Canadian operations to Empire/Sobeys for C$5.8B in cash, strong 2013 free cash flow and the 2013 Blackhawk IPO, it plans to repay or retire a total of $2.8B in debt compared to debt balances at the end of fiscal 2012. The $2.8B price tag include $2B to be paid down as soon as practicable after the transaction closes, and approximately $0.8B from 2013 free cash flow and 2013 Blackhawk IPO proceeds. Post your comment!]]> http://seekingalpha.com/currents/post/1094992?source=feed 1094992 Post your comment!]]> Wed, 19 Jun 2013 17:08:43 -0400 SeekingAlpha PG&E Corporation (PCG) declares $0.455/share quarterly dividend, in line with previous. Forward yield 4.08%. For shareholders of record July 1. Payable July 15. Ex-div date June 27. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1094982?source=feed 1094982 11 comments!]]> Wed, 19 Jun 2013 17:05:35 -0400 SeekingAlpha MSFT) does an about-face, dropping the Xbox One's Internet verification requirements and all of its used game restrictions. GameStop (GME) investors are very pleased, shares +7.8% AH. Microsoft's change-of-heart follows a major backlash from gamers (they were far from appeased by Redmond's initial response), and plenty of gamer enthusiasm being shown for the PlayStation 4 (SNE), both due to its lack of similar restrictions and its lower price. 11 comments!]]> http://seekingalpha.com/currents/post/1094972?source=feed 1094972 Post your comment!]]> Wed, 19 Jun 2013 17:00:06 -0400 SeekingAlpha On the hour: S&P -0.1%. 10-yr -0.14%. Euro -0.72% vs. dollar. Crude +0.09% to $98.12. Gold +0.01% to $1350.35. Post your comment!]]> http://seekingalpha.com/currents/post/1094962?source=feed 1094962 Post your comment!]]> Wed, 19 Jun 2013 16:57:42 -0400 SeekingAlpha LZB) as a buying opportunity. Analyst Bradley Thomas has quite a few good things to say about the company including a positive take on revenue growth, market share gains, and margin expansion. In fact, the "under-appreciated" stock is one of the bank's "top picks for the year." Post your comment!]]>