Author Archives: Scalper1

Could Microchip-Atmel Mix Slug Apple Supplier NXP?

Microchip Technology (MCHP) confirmed late Tuesday its $3.56 billion agreement to buy chipmaker Atmel (ATML) and released preliminary fiscal Q3 sales and earnings that narrowly topped Wall Street views. Microchip stock was up nearly 1% in after-hours trading Tuesday, after its announcements. It had risen 2.9% in the regular session, to 41.70. Atmel stock was flat after hours after rising a fraction in the regular session. The deal is expected to

Headcount, Branches Down At BofA

Bank of America and Morgan Stanley reported Q4 and full-year earnings that highlighted big banks’ tough revenue environment amid low interest rates and a sagging energy sector. Charlotte, N.C.-based Bank of America (BAC) earned 28 cents a share in Q4, up 12% from a year earlier and beating by 2 cents estimates of analysts polled by Thomson Reuters. Revenue rose 3.2% to $19.6 billion, missing estimates of $19.8 billion. Full-year EPS was $1.38,

Even upbeat Apple reports have a negative slant

These days, even bullish analyst reports on Apple have a negative angle. S&P Capital IQ on Tuesday reiterated its strong buy rating on Apple (AAPL) stock, but it slashed its price target to 130 from 150. S&P analyst Angelo Zino cited recent supply chain softness for the iPhone. Zino also cut his EPS forecasts for the year based on slowing iPhone sales expectations. Apple stock fell a fraction Tuesday, to 96.66. William Blair analyst Anil Doradla