Tag Archives: bad-request

$7.5 Bil ‘Attractive Price Tag’ On Veritas: Analyst

Reports by Bloomberg and other news organizations that Symantec (SYMC) is nearing the sale of its Veritas data-storage business has one analyst applauding what he calls a “long-overdue breakup” at an attractive price. Bloomberg reported Tuesday that Symantec is nearing a deal to sell its Veritas data-storage business to private equity firm The Carlyle Group (CG) for $7 billion to $8 billion, citing “people with knowledge of the matter.” “Symantec,

Qualcomm Price Target Cut On Weaker Android Sales

Weaker demand for high-end Android smartphones led to a price target cut on chip supplier Qualcomm (QCOM) . Canaccord Genuity analyst Michael Walkley lowered his price target on Qualcomm stock to 77 from 80, though he maintained a buy rating, in a research note Wednesday. Walkley lowered his estimate on global smartphone sales in 2015 to 1.39 billion units from 1.45 billion. Qualcomm is a leading supplier of chips used in smartphones. Qualcomm

Intel ‘Not On An Island,’ But Hit By Anemic PC Demand

Intel (INTC) got a price target cut Wednesday, as an analyst expects that continued sluggish PC demand and problems in China and Europe will hurt second-quarter earnings slated for release after the close on July 15. “Clearly, PC sales have undergone a post-Lehman style freeze-up,” Summit Research analyst Srini Sundararajan said in a research report Wednesday, referring to the Lehman Brothers bankruptcy in 2008 that helped spark the global