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Arris Group Inc (ARRS)

- NASDAQ
  • Apr. 12, 2013, 10:11 AM
    The DOJ signs off on Arris' (ARRS) $2.35B purchase of Motorola Home from Google (GOOG), paving the way for the acquisition to close around April 17. The deal stands to create a giant in the set-top/cable infrastructure space, and a major rival to Cisco's Scientific-Atlanta unit. (previous)
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  • Feb. 6, 2013, 4:24 PM
    Arris (ARRS): Q4 EPS of $0.28 in-line. Revenue of $344M misses by $10.29M. (PR)
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  • Feb. 6, 2013, 12:10 AM
    Notable earnings after Wednesday’s close: AKAM, ALL, ARAY, ARRS, ATML, ATO, BDN, CBG, CINF, CVA, CYS, DV, ENS, FMC, GHDX, GMCR, HIMX, IACI, IRBT, LF, NTES, NWSA, ORLY, OSUR, PAA, PDH, PNG, PRU, QUIK, SGMO, SRCL, TQNT, TRLA, TRLG, TSO, TWO, V, XIDE, YELP
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  • Feb. 5, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: AKAM, ALL, ARAY, ARRS, ATML, ATO, BDN, CBG, CINF, CVA, CYS, DV, ENS, FMC, GHDX, GMCR, HIMX, IACI, IRBT, LF, NTES, NWSA, ORLY, OSUR, PAA, PDH, PNG, PRU, QUIK, SGMO, SRCL, TQNT, TRLA, TRLG, TSO, TWO, V, XIDE, YELP
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  • Jan. 30, 2013, 12:57 PM
    Harmonic (HLIT -5.5%) dives after delivering mixed Q4 results and (more importantly) guiding for Q1 revenue of $115M-$125M, below a $133.3M consensus. On its earnings call, the provider of pay-TV infrastructure gear mentioned demand from U.S. satellite/telco and European customers is weak, while insisting it hasn't lost share with either group. Harmonic also claims it has "a few large projects" that won't be recognized until 2H. Down in sympathy: ENVI -6.7%. ARRS -1.3%.
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  • Jan. 14, 2013, 5:12 PM
    Arris (ARRS) +1.6% AH after announcing it's selling $150M worth of shares to Comcast (CMCSA) to help finance its purchase of Motorola Home from Google. The sale will give Comcast, one of Arris' top customers, a 7.85% stake in the company, on par with what Google will now have following the Motorola deal - Google was previously set to have a 15.7% stake. (PR)
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  • Jan. 7, 2013, 4:59 PM
    More on Intel: As rumors of an Intel TV service run amok, the company is announcing a partnership with Comcast to enable the viewing of live Xfinity TV content on Intel-based devices without a set-top box (possibly a negative for CSCO, ARRS, BRCM and STM), but with the help of an Intel Puma cable modem/gateway. Intel is also mandating ultrabooks based on its next-gen Haswell CPUs sport touchscreens and support its wireless display tech. That could be a positive for touchscreen controller vendors such as ATML, CY, and SYNA.
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  • Dec. 21, 2012, 11:48 AM
    Arris (ARRS +1%) adds to yesterday's gains after Needham's Richard Valera estimates the Motorola deal (I, II) will triple Arris' sales and double its EPS, albeit while adding $2B in debt. While concerned about the outlook for Motorola's set-top business - home gateway sales might not ramp fast enough to offset declining set-top sales - Valera thinks there's "likely more upside than downside" to synergy forecasts, given Motorola's poor margins and the overlap between the companies' businesses.
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  • Dec. 20, 2012, 10:29 AM
    Arris (ARRS +5.5%) is well off the AH highs it saw on news it's buying Motorola's pay-TV/broadband hardware unit from Google, but is still posting a decent gain. With the combined company sporting 500 customers in 70 countries, the deal will go a long way towards helping Arris diversify: right now, it gets about half its sales from Comcast and Time Warner. (previous: I, II)
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  • Dec. 20, 2012, 9:10 AM
    Premarket gainers: ROMA +57%. NYX +40%. ELOQ +30%. RAD +16%. ILMN +9%. VVUS +8%. NDAQ +7%. ARRS +6%. ICE +6%. JBL +5%.
    Losers: FOLD -44%. MDRX -16%. OSIR -10%. NBG -5%. BBBY -5%.
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  • Dec. 20, 2012, 12:40 AM
    Arris (ARRS) finished AH trading up 16.9%, and Google (GOOG) down 0.4%, following the Motorola Home deal. In a call discussing the deal, Arris claimed Google has agreed to cap Arris' liability in TiVo's patent suit against Motorola to "a very small number." Many think the total liability could be enormous (I, II). Long-term, Arris/Motorola should be a formidable rival to Cisco's (CSCO) Scientific Atlanta, but there's some potential for near-term share loss as integration issues are dealt with and customers try to re-diversify their sources.
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  • Dec. 19, 2012, 6:28 PM
    Google (GOOG) is selling Motorola Home for $2.35B ($2.05B in cash + $300M in stock) to Arris (ARRS). The division, which sells set-top boxes, infrastructure gear, and other hardware to pay-TV and broadband providers, had revenue of $3.4B in the 4 quarters ending Sep. 30. Arris, which closed with a market cap of just $1.65B, is halted. The deal will be "significantly accretive" to Arris' EPS and give Google a 15.7% stake in the company, which will probably have to raise a lot of debt to finance the purchase. (previous)
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  • Dec. 10, 2012, 2:08 AM
    Cable infrastructure vendor Arris (ARRS) and U.K. set-top box maker Pace have "made the most compelling bids" for Motorola Mobility's (GOOG) set-top/cable infra unit, Bloomberg reports. A complex financing structure in which Google maintains equity and patents might prevent a deal from closing this year. P-E firms are said to be uninterested in the unit, which has to contend with an industry shift towards cloud-based apps, and potentially costly litigation with TiVo. Cisco's (CSCO) cable unit could benefit from any turmoil related to the sale. (previous)
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  • Dec. 7, 2012, 3:35 AM
    Google (GOOG) has reportedly set today as the provisional deadline for the last round of bidding for Motorola's set-top box business, which could bring in offers of $1.5-2.5B. Potential suitors include cable-equipment maker Arris (ARRS), Britain's Pace, France's Technicolor and P-E firms. Despite its TV software, Google is selling the unit due to costs and because cable companies might be wary of doing business with Google.
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  • Nov. 15, 2012, 5:31 PM
    Jefferies' talks with cable industry contacts indicate at least one major North American cable provider is trying to "estimate how much additional capacity may be needed" to handle an Apple (AAPL) device. This leads it to think an Apple TV could be on the way, something it considers a positive for Arris (ARRS). One note of caution: the analyst in question, James Kisner, doesn't formally cover Apple. Peter Misek, the Jefferies analyst who does, has been speculating for a while about an Apple set. (more)
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  • Oct. 24, 2012, 4:50 PM
    Arris Group (ARRS): Q3 EPS of $0.22 in-line. Revenue of $357.5M (+30.2% Y/Y) in-line. (PR)
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Company Description
ARRIS Group Inc provides entertainment & communications solutions. It provides Customer Premises Equipment including set-top, gateway, DSL & cable modem; and Network & Cloud including video infrastructure, access & transport, & cloud solutions.