Author Archives: Scalper1

Alibaba Spinoff? Don’t Do It, Yahoo: Analyst Plea

Yahoo (YHOO) should forget about the financially risky spinoff of its ownership stake in China e-commerce giant Alibaba Group Holding (BABA) and sell its core business to cable giant Comcast (CMCSA) instead, according to an industry report on Friday from Mizuho Securities. “It remains unclear if the Internal Revenue Service will tax the spin-out of Aabaco” (the Alibaba stake), wrote Mizuho analyst Neil Doshi. “But in our view, a taxed transaction

GoPro Supplier Ambarella, Qualcomm Set For Drone Duel

Qualcomm (QCOM), Broadcom (BRCM) and Texas Instruments (TXN) could mount an assault on GoPro (GPRO) chip supplier Ambarella’s (AMBA) robust drone sales, Needham analyst N. Quinn Bolton wrote in a research report Friday. And, as GoPro sales slough off despite holiday season shopping, Ambarella will be more dependent on robust drone camera, IP security camera and dash camera sales to stave off “competition from traditional semiconductor

Amgen Expands Work With Merck, Files Biosimilar In EU

Big biotech Amgen (AMGN) was trading up Friday after it announced a cancer collaboration with Merck (MRK) and filed for its first biosimilar approval, despite a tepid initiation report from Wells Fargo. Amgen and Merck said that they are launching a study combining Merck’s Keytruda, which is currently used to treat melanoma and non-small-cell lung cancer, with Amgen’s leukemia drug Blincyto, in a study of patients with diffuse large B-cell