Important Updates From Diverse Sectors: Complementary Research on Taiwan Semiconductor, Micron Technology, Cadence Design, Advanced Micro Devices, and Alcatel Lucent
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 1, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM), Micron Technology, Inc. (NASDAQ: MU), Cadence Design Systems, Inc. (NASDAQ: CDNS), Advanced Micro Devices, Inc. (NASDAQ: AMD), and Alcatel Lucent (NYSE: ALU). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
TSM Research Report: ( http://get.analystsreview.com/pdf/?c=Taiwan%20Semiconductor%20Manufacturing&d=01-May-2015&s=TSM ),
MU Research Report: ( http://get.analystsreview.com/pdf/?c=Micron%20Technology&d=01-May-2015&s=MU ),
CDNS Research Report: ( http://get.analystsreview.com/pdf/?c=Cadence%20Design%20Systems&d=01-May-2015&s=CDNS ),
AMD Research Report: ( http://get.analystsreview.com/pdf/?c=Advanced%20Micro%20Devices&d=01-May-2015&s=AMD ),
ALU Research Report: ( http://get.analystsreview.com/pdf/?c=Alcatel%20Lucent&d=01-May-2015&s=ALU ).
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Analyst Update: Results, Strategic Partnerships, Debt Offerings, Ratings Downgrade, and Changes to the Board
Reviewed by: Rohit Tuli, CFA®
U.S. stocks tumbled on Thursday as Fed remained apprehensive about the interest rate outlook amid weaker than expected US first quarter economic data. The NASDAQ Composite was down 1.64%, to finish at 4941.42; the Dow Jones Industrial Average slipped 1.08%, to 17,840.52, and the S&P 500 ended 1.01% lower, at 2,085.51. Most importantly, the NASDAQ biotech index dropped 3.05% on Thursday and was down 8.1% in the past one week, led by disappointing earnings. European stocks gained on Thursday, supported by the strong euro and news of euro bloc's recovery from four consecutive months of deflation. Germany's DAX 30 rose 0.19%; France's CAC 40 jumped 0.14%, and the London's FTSE 100 closed 0.21% higher. Meanwhile, Asian markets mostly disappointed on Thursday. Japan's Nikkei, Australia's S&P ASX and Hong Kong's Hang Seng index all fell on Thursday.
Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) held a special meeting of the Board of Directors on April 24, 2015 and approved eight candidates for Board of Directors, including three current Directors Mr. Morris Chang, Mr. F.C. Tseng, Mr. Johnsee Lee, and four current Independent Directors Sir Peter Leahy Bonfield, Mr. Stan Shih, Mr. Thomas Engibous and Ms. Kok-Choo Chen, as well as a candidate for Independent Director Mr. Michael Splinter.
Micron Technology, Inc. (Micron) on April 27, 2015 announced that it has priced the sale of $550 million aggregate principal amount of its 5.250% senior notes due 2024 and $450 million aggregate principal amount of its 5.625% senior notes due 2026 (together know as the "Notes").
Cadence Design Systems, Inc. (Cadence) announced its first quarter 2015 results on April 27, 2015. The Company's revenue came in at $411 million, higher compared to revenue of $379 million reported for the same period in 2014 and beating the Thomson estimate of $409.11 million.
On April 21, 2015 Moody's Investor service lowered the rating of Advanced Micro Devices, Inc. (AMD). Moody's has lowered the corporate family rating to B3 from B2, and the ratings on the senior unsecured notes to Caa1 from B2. The speculative grade liquidity rating was affirmed at SGL-2 and the outlook was changed to negative from stable.
Alcatel Lucent (Alcatel) announced on April 28, 2015, that it has inked an turnkey agreement with Algerian Ministry of Post, Information Technology and Communications for the deployment of the Orval system, an over 560 km fiber-optic undersea cable that will link Oran in Algeria to Valencia, Spain. The Company expects the work to complete in 2016.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.analystsreview.com/editors
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