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SNDK

Bought by WDC

, TOSBF

Toshiba, also use TOSYY

$2.16

-0.12 (-5.26%)

08:30
07/14/17
07/14
08:30
07/14/17
08:30

The Superior Court of California for the County of San Francisco holds a hearing

Western Digital Corporation (WDC), through its subsidiary, SanDisk (SNDK), filed a motion for injunctive relief in the Superior Court of California for the County of San Francisco to prevent the transfer of its three flash foundry joint venture agreements with Toshiba (TOSBF; TOSYY); Toshiba filed a legal motion claiming a court has no right to judge Western Digital's attempt to stop its memory business sale. The hearing is being held in the Superior Court of California for the County of San Francisco in San Francisco on July 14 at 12:30 pm.

SNDK

Bought by WDC

TOSBF

Toshiba, also use TOSYY

$2.16

-0.12 (-5.26%)

TOSYY

Toshiba, also use TOSBF

$12.96

-0.64 (-4.71%)

WDC

Western Digital

$92.80

-1.33 (-1.41%)

  • 14

    Jul

SNDK Bought by WDC

TOSBF Toshiba, also use TOSYY
$2.16

-0.12 (-5.26%)

05/24/17
STFL
05/24/17
NO CHANGE
STFL
Western Digital acquisition of Toshiba could be 10%-15% accretive, says Stifel
After Kyodo News reported that Western Digital (WDC) has offered to buy Toshiba (TOSBF) for about $18B, Stifel analyst Aaron Rakers estimates that the deal could be 10%-15% accretive for Western Digital at that price. He keeps a $120 price target and a Buy rating on Western Digital.
06/27/17
BTIG
06/27/17
NO CHANGE
BTIG
Western Digital fundamentals still 'quite strong,' says BTIG
BTIG analyst Edward Parker says that Western Digital's (WDC) "strong preliminary results" indicate that its "fundamentals remain quite strong." The analyst says he doesn't believe that Toshiba (TOSBF, TOSYY) can sell its share in the chip joint venture while Western Digital is seeking injunctive relief. He adds that the intensity of the battle over the joint venture shows that there is widespread optimism about the memory sector. He keeps a $120 price target and a Buy rating on Western Digital.
05/22/17
COWN
05/22/17
NO CHANGE
Target $115
COWN
Outperform
Western Digital most strategic buyer of Flash Ventures, says Cowen
Cowen analyst Timothy Arcuri revisited the likelihood of Western Digital (WDC) acquiring the remaining roughly 50% share of Toshiba (TSOBF) Flash Ventures. He believes the deal would be accretive by 10-15% in 2018 and said they remain the most strategic of buyers for the division. Arcuri views Hynix and Micron (MU) as much less likely bidders due to antitrust review, while any deal with Broadcom (AVGO) would have to most likely be backed by fixed economics with Apple (AAPL) or related to Toshiba's discrete/system LSI assets in a Brocade-like (BRCD) deal. Arcuri reiterated his Outperform rating and $115 price target on Western Digital shares.
06/09/17
NOMU
06/09/17
NO CHANGE
NOMU
Micron has positive read through from Broadcom news, says Nomura Instinet
After meeting with Broadcom's (AVGO) CEO, Nomura analyst Romit Shah thinks that the company tried to buy Toshiba's (TOSBF) NAND flash business. The analyst says that Broadcom's effort should lead investors to question whether Micron (MU) is undervalued. He keeps a $40 price target and Buy rating on the shares.
TOSYY Toshiba, also use TOSBF
$12.96

-0.64 (-4.71%)

03/17/17
RBCM
03/17/17
NO CHANGE
RBCM
Western Digital likely to acquire Toshiba, says RBC Capital
After multiple media reports stated that the Japanese government probably won;t rescue Toshiba (TOSBF, TOSYY), RBC Capital analyst Amit Daryanani says that the news "greatly increases" the odds of the company being acquired by U.S. entities. He thinks that Western Digital (WDX), in partnership with private equity firms, is the "high probability acquirer" of the company. By undertaking the deal, Western Digital would "further improve its NAND position and drive significant accretion with an upside bias to our $12.00+ EPS scenario," Daryanani wrote. He kept a $90 price target and an Outperform rating on the shares.
05/18/17
UBSW
05/18/17
NO CHANGE
Target $21
UBSW
Buy
Marvell shares will outperform when company addresses trends, says UBS
UBS analyst Stephen Chin laid out three reasons why he still likes Marvell (MRVL) shares. He cited its strong balance sheet and a decision on either a big buyback or an acquisition soon; expectations for storage sales to continue to grow; and his view that the concerns about the possibility of a competitor buying Toshiba's (TOSBF) memory assets are overblown. The analyst feels Marvell's valuation remains attractive and once the company addresses concerns about fundamental trends in storage, the stock should outperform. Chin maintained his Buy rating and $21 price target on Marvell shares.
03/31/17
UBSW
03/31/17
NO CHANGE
Target $245
UBSW
Buy
Broadcom deal for Toshiba NAND has wide range of accretion potential, says UBS
UBS analyst Stephen Chin commented on the Nikkei report that Broadcom (AVGO) and Silver Lake Partners had submitted a bid to acquire Toshiba's (TOSBF) NAND business for $17.9B, saying he would not be surprised if Broadcom were in fact a bidder but he is not sure if a deal will happen. Depending on the structure of a deal, his pro forma scenarios range from 3% EPS accretion in FY18 to 9% in FY19 accretion, he tells investors. Chin keeps a Buy rating and $245 price target on Broadcom shares, which slid by 0.6% to close at $220.04 yesterday.
WDC Western Digital
$92.80

-1.33 (-1.41%)

07/13/17
LEHM
07/13/17
DOWNGRADE
Target $40
LEHM
Underweight
Seagate downgraded to Underweight from Equal Weight at Barclays
Barclays analyst Mark Moskowitz downgraded Seagate Technology (STX) to Underweight and cut his price target for the shares to $40 from $49. The data storage provider closed yesterday up 98c to $39.70. The analyst believes upside potential from current levels is limited. He argues Seagate has already removed most of its excess costs and that the company could miss the 12TB transition, thereby ceding high-margin market share to Western Digital (WDC). Further, Seagate's valuation could de-couple from Western Digital if the latter's Toshiba litigation continues to shift in its favor, Moskowitz tells investors in a research note.
07/07/17
SBSH
07/07/17
NO CHANGE
Target $15.3
SBSH
Buy
Rambus has good IP value that could compliment Western Digital, says Citi
This afternoon, Bloomberg reported that Rambus (RMBS) is working with a financial advisor on a potential sale of the company. Citi analyst Atif Malik said Rambus' resistive ReRAM storage class technology could have complimentary IP value for other ReRAM storage providers such as Western Digital (WDC) and said China's Tsinghua Group can't be ruled out either given broad memory IP appeal. Malik rates Rambus a Buy with a $15.40 price target.
07/07/17
LBOW
07/07/17
NO CHANGE
LBOW
Western Digital should be bought on weakness, says Longbow
Longbow analyst Joe Wittine says that NAND spot prices rose in June, and he predicts that the price increase "will intensify" in 2H17. He adds that pressure on Western Digital's stock from the uncertainty over Toshiba "should be short-lived," and he recommends that investors buy Western Digital on the current weakness.
06/27/17
AGIS
06/27/17
NO CHANGE
Target $130
AGIS
Buy
SSD ASP rises may have been 'meaningful' to Western Digital beat, says Aegis
After Western Digital positively pre-announced better than expected June quarter preliminary EPS, Aegis analyst Ananda Baruah said he believes ongoing increases in SSD average selling prices may have been a meaningful contributor to the beat. Western Digital's annual EPS run-rate over the last three quarters is now about $10.50 ahead of the vast majority of the expected $2.00-$3.00 minimum of SanDisk synergies and ahead of any contribution from Toshiba's memory business sale, which Baruah thinks could be an incremental $2.00-$5.00 regardless of sale outcome, he tells investors. The analyst keeps a Buy rating and $130 price target on Western Digital shares.

TODAY'S FREE FLY STORIES

03:25
07/25/17
07/25
03:25
07/25/17
03:25
General news
FX Action: USD-JPY dipped back to around the 111.00 level »

FX Action: USD-JPY dipped…

02:40
07/25/17
07/25
02:40
07/25/17
02:40
General news
FX Update: Narrow ranges have been the order of the day »

FX Update: Narrow ranges…

MMM

3M

$210.00

-1.16 (-0.55%)

, MCD

McDonald's

$151.85

-2.07 (-1.34%)

20:25
07/24/17
07/24
20:25
07/24/17
20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

MMM

3M

$210.00

-1.16 (-0.55%)

MCD

McDonald's

$151.85

-2.07 (-1.34%)

UTX

United Technologies

$123.13

-0.36 (-0.29%)

LLY

Eli Lilly

$84.74

0.08 (0.09%)

DD

DuPont

$84.35

-0.19 (-0.22%)

CAT

Caterpillar

$108.18

1.59 (1.49%)

BIIB

Biogen

$284.70

1.78 (0.63%)

GM

General Motors

$35.82

-0.25 (-0.69%)

KMB

Kimberly-Clark

$123.81

-1.47 (-1.17%)

HCA

HCA Holdings

$86.09

0.36 (0.42%)

PCAR

Paccar

$69.14

0.27 (0.39%)

TROW

T. Rowe Price

$81.10

0.27 (0.33%)

FCX

Freeport McMoRan

$12.96

-0.05 (-0.38%)

NEM

Newmont Mining

$33.90

-0.49 (-1.42%)

DGX

Quest Diagnostics

$109.44

0.05 (0.05%)

WAT

Waters

$185.01

-0.23 (-0.12%)

CNC

Centene

$84.20

-0.53 (-0.63%)

STX

Seagate

$39.76

0.18 (0.45%)

DPZ

Domino's Pizza

$213.97

0.75 (0.35%)

IPG

Interpublic Group

$25.57

0.06 (0.24%)

JBLU

JetBlue

$22.76

-0.69 (-2.94%)

LW

Lamb Weston

$44.75

-0.25 (-0.56%)

GPK

Graphic Packaging

$13.77

0.04 (0.29%)

AKS

AK Steel

$6.03

-0.17 (-2.74%)

SVU

Supervalu

$3.25

-0.01 (-0.31%)

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QCOM

Qualcomm

$53.22

-0.62 (-1.15%)

, AAPL

Apple

$152.09

1.82 (1.21%)

19:16
07/24/17
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19:16
07/24/17
19:16
Periodicals
Qualcomm claims tech group misdirects trade regulators, Reuters says »

Qualcomm (QCOM) has…

QCOM

Qualcomm

$53.22

-0.62 (-1.15%)

AAPL

Apple

$152.09

1.82 (1.21%)

GOOG

Alphabet

$980.34

7.42 (0.76%)

GOOGL

Alphabet Class A

$998.31

4.47 (0.45%)

AMZN

Amazon.com

$1,038.95

13.28 (1.29%)

MSFT

Microsoft

$73.60

-0.19 (-0.26%)

FB

Facebook

$166.00

1.57 (0.95%)

INTC

Intel

$34.50

-0.23 (-0.66%)

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  • 05

    Sep

  • 13

    Sep

SMBC

Southern Missouri Bancorp

$31.32

-0.38 (-1.20%)

18:53
07/24/17
07/24
18:53
07/24/17
18:53
Hot Stocks
Southern Missouri Bancorp increases dividend 10% to 11c »

Missouri Bancorp …

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  • 01

    Aug

VLKAY

Volkswagen

$32.19

-0.79 (-2.40%)

18:47
07/24/17
07/24
18:47
07/24/17
18:47
Periodicals
VW diesel car owners declining refit to lose registration, Reuters says »

Owners of Volkswagen…

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SRCI

SRC Energy

$7.17

0.04 (0.56%)

18:43
07/24/17
07/24
18:43
07/24/17
18:43
Hot Stocks
SRC Energy says 36 gross wells seen adding to production in 2H »

SRC continues to execute…

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  • 04

    Aug

BABA

Alibaba

$152.26

0.37 (0.24%)

18:42
07/24/17
07/24
18:42
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18:42
Periodicals
Alibaba in talks to make major investment in Tokopedia, Bloomberg says »

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TM

Toyota

$109.41

0.1 (0.09%)

18:39
07/24/17
07/24
18:39
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18:39
Periodicals
Toyota could sell new generation of EVs in Japan in 2022, Bloomberg says »

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CG

Carlyle Group

$20.25

-0.25 (-1.22%)

18:27
07/24/17
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18:27
Periodicals
Carlyle seeks $15B for new U.S. buyout fund, Bloomberg reports »

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DDAIF

Daimler AG

$71.00

-1.9399 (-2.66%)

, TCEHY

Tencent

$38.98

0.785 (2.06%)

18:24
07/24/17
07/24
18:24
07/24/17
18:24
Periodicals
Daimler invests in Chinese self-driving startup Momenta, WSJ reports »

Daimler (DDAIF) is…

DDAIF

Daimler AG

$71.00

-1.9399 (-2.66%)

TCEHY

Tencent

$38.98

0.785 (2.06%)

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FRBA

First Bank

$12.30

0.05 (0.41%)

18:22
07/24/17
07/24
18:22
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18:22
Earnings
First Bank reports Q2 EPS 15c, consensus 17c »

Reports Q2 revenue $9.1M,…

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PCH

Potlatch

$47.55

-0.55 (-1.14%)

18:22
07/24/17
07/24
18:22
07/24/17
18:22
Earnings
Potlatch reports Q2 EPS 59c, consensus 35c »

Reports Q2 revenue…

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  • 26

    Jul

CAT

Caterpillar

$108.18

1.59 (1.49%)

18:17
07/24/17
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18:17
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18:17
Periodicals
Caterpillar poised to move higher, Barron's reports »

At approximately 20 times…

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  • 25

    Jul

HA

Hawaiian Holdings

$44.80

-0.5 (-1.10%)

, EADSY

Airbus

$20.89

-0.005 (-0.02%)

18:16
07/24/17
07/24
18:16
07/24/17
18:16
Hot Stocks
Hawaiian unveils three new west coast routes, begins sales for A321neo flights »

Hawaiian Airlines (HA)…

HA

Hawaiian Holdings

$44.80

-0.5 (-1.10%)

EADSY

Airbus

$20.89

-0.005 (-0.02%)

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GS

Goldman Sachs

$218.18

-2 (-0.91%)

17:53
07/24/17
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Periodicals
Goldman Sachs pulls back from ETF lead market making, Reuters reports »

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IBM

IBM

$145.99

-1.09 (-0.74%)

17:48
07/24/17
07/24
17:48
07/24/17
17:48
Hot Stocks
IBM granted patent to protect cryptographic keys and codes »

IBM announced that its…

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GOOG

Alphabet

$980.34

7.42 (0.76%)

17:48
07/24/17
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17:48
Hot Stocks
Breaking Hot Stocks news story on Alphabet »

Alphabet's Pichai…

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CWH

Camping World

$31.15

-0.7 (-2.20%)

17:46
07/24/17
07/24
17:46
07/24/17
17:46
Hot Stocks
Camping World acquires American RV in Gran Rapids, Michigan »

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GOOG

Alphabet

$980.34

7.42 (0.76%)

17:39
07/24/17
07/24
17:39
07/24/17
17:39
Hot Stocks
Breaking Hot Stocks news story on Alphabet »

Alphabet CEO says not…

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  • 24

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GOOG

Alphabet

$980.34

7.42 (0.76%)

17:37
07/24/17
07/24
17:37
07/24/17
17:37
Hot Stocks
Breaking Hot Stocks news story on Alphabet »

Alphabet says seeing…

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  • 24

    Jul

DKL

Delek Logistics

$34.70

-0.3 (-0.86%)

17:33
07/24/17
07/24
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17:33
Hot Stocks
Delek Logistics increases dividend 2.2c to 70.5c »

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  • 03

    Aug

AIRT

Air T

$16.00

0.05 (0.31%)

17:32
07/24/17
07/24
17:32
07/24/17
17:32
Hot Stocks
Air T receives Nasdaq notice letter »

Air T announced that it…

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EFSC

Enterprise Financial

$40.70

0.45 (1.12%)

17:31
07/24/17
07/24
17:31
07/24/17
17:31
Earnings
Enterprise Financial reports Q2 core EPS 56c, consensus 62c »

Rreports Q2 return on…

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    Aug

CLB

Core Laboratories

$106.30

0.61 (0.58%)

17:30
07/24/17
07/24
17:30
07/24/17
17:30
Hot Stocks
Breaking Hot Stocks news story on Core Laboratories »

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