Market Entry Strategies, Share Repurchase Authorization, Program Launch, and Financial Results - Research Reports on Twitter, Micron, Qualcomm, Synaptics and EMC
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NEW YORK, October 29, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Twitter Inc. (NYSE: TWTR), Micron Technology, Inc. (NASDAQ: MU), Qualcomm Inc. (NASDAQ: QCOM), Synaptics, Inc. (NASDAQ: SYNA) and EMC Corporation (NYSE: EMC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7524-100free.
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Twitter Inc. Research Reports
On October 23, 2014, Bloomberg reported that Twitter Inc. (Twitter) is exploring new ways to enter China, where Twitter's microblogging service is blocked. Twitter, through a set of services for mobile developers that the Company unveiled on October 22, 2014 at a conference called Flight, can start business relationships with developers in China whether or not they use the social network. Bloomberg further reported that Twitter's new developer tools are called Fabric and work in 216 countries and 28 languages. In addition, a new feature dubbed Digits lets people sign onto a mobile application using just a phone number. The full research reports on Twitter are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/TWTR/report.pdf
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Micron Technology, Inc. Research Reports
On October 27, 2014, Micron Technology, Inc. (Micron) announced that the Company's Board of Directors has authorized the discretionary repurchase of up to $1 billion of its outstanding common stock. Ron Foster, Micron CFO and Vice President of Finance, said, "Our business continues to generate strong operating cash flows, enabling us to invest in our strategic growth initiatives while also returning capital to investors. In the first fiscal quarter of 2015, we spent approximately $389 million to eliminate our 2031B convertible senior notes and their associated share dilution. This share repurchase authorization represents an additional avenue to return excess capital to investors and enhance long-term shareholder value." The full research reports on Micron are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/MU/report.pdf
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Qualcomm Inc. Research Reports
On October 15, 2014, Qualcomm Inc. (Qualcomm) announced the launch of Qualcomm Robotics Accelerator, powered by Techstars, a four-month mentorship-driven startup program aimed to accelerate the development of the next generation of robotics and intelligent machines. Qualcomm informed that around 10 companies will be selected to participate in the program and will be based on its corporate campus in San Diego. Further, the selected companies will build next generation smart machines that integrate mechanics and intelligent controls, computer vision, sensors, navigation and wireless communications. The Company informed that it is committing over $1 million in aggregate funding to the program participants. In addition, the Company will provide participants with business and technical insight on robotics during the program. The Company stated that the application submission process, which started on October 15, 2014, will last until February 22, 2015. The commencement and conclusion of the program is scheduled in May 2015 and September 2015, respectively. The full research reports on Qualcomm are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/QCOM/report.pdf
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Synaptics, Inc. Research Reports
On October 23, 2014, Synaptics, Inc. (Synaptics) released its Q1 FY 2015 financial results (period ended September 30, 2014). The Company reported 27.0% YoY improvement in its Q1 FY 2015 net revenue to $282.7 million, helped by robust growth in its mobile products revenue and PC products revenue. The Company's Q1 FY 2015 net income stood at $26.6 million or $0.68 per diluted share, compared to net income of $34.9 million or $1.00 per diluted share in Q1 FY 2014. Analysts polled by Thomson Reuters expected the Company to report EPS (excluding special items) of $1.19 on revenue of $288.38 million. Kathy Bayless, CFO, Synaptics, said, "With the growth of Synaptics' core business and the addition of Renesas SP Drivers this quarter, we are very pleased to note that December quarter revenue is expected to be more than double last year's December quarter revenue. Based on the combined backlog of Synaptics and Renesas SP Drivers of approximately $260 million entering the December quarter, customer forecasts, and expected product mix, we anticipate revenue to be in the range of $415 million to $450 million, a new record for Synaptics." The full research reports on Synaptics are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/SYNA/report.pdf
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EMC Corporation Research Reports
On October 22, 2014, EMC Corporation (EMC) reported 8.9% YoY improvement in its Q3 2014 revenues to $6.0 billion, reflecting growth in both product sales (up 7.4% YoY) and services (up 10.9% YoY). During the quarter, the Company's operating income improved 4.4% YoY to $947 million. The Company's Q3 2014 net income attributable to EMC came in at $587 million or $0.28 per diluted share, compared to net income of $586 million or $0.27 per diluted share in Q3 2013. Analysts surveyed by Thomson Reuters expected the Company to report EPS of $0.46 on revenue of $6.01 billion. The Company's 9M 2014 revenues improved 5.1% YoY to $17.4 billion, while net income attributable to EMC declined 16.0% YoY to $1.6 billion. For full-year 2014, the Company expects consolidated revenues to be $24.5 billion and consolidated diluted EPS to be $1.29. The full research reports on EMC are available to download free of charge at:
http://www.analystsreview.com/Oct-29-2014/EMC/report.pdf
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