In another call, the CEO and CIO of O'Shaughnessy Asset Management said there's a "generational buying opportunity in equities."» Read More
Nov 27- Solid-state hard drive maker OCZ Technology Group Inc said it had received an offer from Toshiba Corp to buy the company in a planned bankruptcy proceeding. OCZ, which has a market capitalization of $43 million, said it had "substantially completed" negotiations with Toshiba on an asset purchase agreement.
The company, whose customers include hard disk drive and flash drive makers Western Digital Corp, Seagate Technology and Toshiba Corp, also reported better-than-expected results for the third quarter. Marvell said it expected an adjusted profit of 23- 27 cents per share for the current quarter on revenue of $880 million to $920 million.
*Apple edges higher after results, revenue outlook. *Aetna earnings miss expectations, U.S. NEW YORK, Oct 29- U.S. stock index futures pointed to a flat open on Tuesday, suggesting the market's recent rally may have run out of steam as earnings fail to be another reason to buy with stocks near record highs.
*Apple shares rise after first-quarter revenue forecast. NEW YORK, Oct 29- U.S. stock index futures were little changed on Tuesday, suggesting the market's recent rally may have run out of steam as earnings fail to spur optimism with stocks near record highs.
*Apple shares edge higher after results, holiday outlook. *Apple Inc, the most valuable U.S. company by market cap, late Monday posted a decline in its fourth-quarter earnings and margins. However, the tech titan also forecast first-quarter revenue of $55 billion to $58 billion, outpacing Wall Street's forecast for about $55.65 billion.
Oct 24- Western Digital Corp, the world's No.1 hard-disk drive maker, reported a stronger-than-expected quarterly profit as it sold more higher-margin products to businesses and consumers.
"The stocks have come down way too far," Paul Meeks says.
The timing of Microsoft's dividend announcement is not accidental. It is having its Financial Analyst Day this Thursday.
U.S. stocks dipped on Wednesday, as a drop in shares of Apple Inc. threatened to put an end to a six-day run of gains for the S&P 500 and weighed heavily on the Nasdaq. **APPLE INC, $467.00, down 5.5 pct.
Better Chinese data plus lower odds of a military strike against Damascus is lifting stocks globally.
**MOLEX INC, $38.54, up 31.4 pct. The maker of electronic connectors and cable assembly products said privately owned energy and chemicals conglomerate Koch Industries would buy it for about $7.2 billion. **MOSAIC CO, $43.69, up 3.6 pct.
*Seagate likely to have bid for Virident- analysts. Sept 9- Western Digital Corp said it would buy Virident Systems Inc for $685 million as the hard drive maker and Seagate Technology Plc battle for a piece of the fast-growing market for solid-state drives used in servers.
**MOLEX INC, $38.47, up 31 pct. The maker of electronic connectors and cable assembly products said privately owned energy and chemicals conglomerate Koch Industries would buy it for about $7.2 billion. Shares of fertilizer companies jumped after Russian President Vladimir Putin said on Friday that it was necessary to resolve a potash dispute with Belarus.
July 24- A muted revenue outlook from hard-disk drive maker Seagate Technology Plc sparked concerns that its cloud storage business was not growing fast enough to offset falling demand from PC makers, sending its shares down as much as 10 percent.
July 24- Hard disk drive maker Seagate Technology Plc reported slightly better-than-expected quarterly results, but shipments dropped 18 percent from a year earlier.
July 23- Hard disk drive maker Seagate Technology Plc reported a two-thirds drop in quarterly profit as revenue slid 24 percent. Net income fell to $348 million, or 94 cents per share in the fourth quarter, from $1.01 billion, or $2.37 per share, a year earlier.
Within days of breaking through to record highs, stocks are set to smash through another milestone, but after 1700, the path for the S&P 500 is less certain.
Check out which companies are making headlines after the bell Monday:
June 24- Hard drive maker Western Digital Corp will buy troubled Stec Inc to become one of the top players in the high-growth solid-state drive industry that has flourished despite high prices of the storage devices.
The CBOE Volatility Index, the market's so-called fear gauge, stretched over a 22 percent range in each of the last two weeks, its first such streak since March.