Western Digital Surpasses Expectations in Fiscal Q3
Western Digital posted third quarter results that surpassed our expectations and management’s quarterly guidance, making it clear that the market hasn’t forgotten about hard disk drives (HDDs). While Western Digital’s near-term prospects are better than we had anticipated, we are maintaining our stable moat rating as these opportunities are balanced by adverse secular trends that will likely limit the company’s long-term performance. Sales in the … Continue reading Western Digital Surpasses Expectations in Fiscal Q3
Deutsche Bank Announces Capital Raise, Previews 1Q Earnings
It has been long said that Deutsche Bank looks undercapitalized, so it was no surprise today when the bank announced plans to raise EUR 2.8 billion of fresh equity capital through private placements. It plans to issue as many as 90 million new shares, which imply an issuance price of EUR 31.11. At the same time, the bank gave a brief overview of its better-than-expected … Continue reading Deutsche Bank Announces Capital Raise, Previews 1Q Earnings
PetroChina Sees Improvement in Refining Segment in Q3
PetroChina reported third-quarter results that included decreasing refining losses, which we attribute to China’s adjusted refined product pricing mechanism. Exploration and production operating profit for the quarter was roughly even with the same period last year, but broke a sequential downtrend in 2013 over the first six months of this year. On the whole, PetroChina’s quarterly results were reasonably close to our expectations, and we … Continue reading PetroChina Sees Improvement in Refining Segment in Q3
INFA Reports Strong Quarter Despite Macro Headwinds
Informatica reported solid first-quarter results with revenue growth slightly exceeding expectations, as increased hiring and investment weighed on margins. The firm grew revenue 9.3% from the year-ago period to $214.3 million, 5% ahead of our model. Informatica changed the way it reports revenues by giving more details, which we find helpful. Service revenue was strong, gaining 14.8% year over year to $126.4 million. The Consulting … Continue reading INFA Reports Strong Quarter Despite Macro Headwinds
Samsung's translation app is not an overall success
A journalist tried to navigate through Japan with the help of Samsung's new translator software. The results are not that promising: she could have been murdered by a cab-driver.Read More >> Continue reading Samsung's translation app is not an overall success
The biggest firms look fo wider-scal governmental surveillance
Google, Apple, Facebook, Twitter, AOL, Microsoft, LinkedIn, and Yahoo are gathered to from an alliance and ask a wide-scale change in governmental surveillance methods.Read More >> Continue reading The biggest firms look fo wider-scal governmental surveillance