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Fly News Breaks for February 26, 2020
Feb 26, 2020 | 15:07 EDT
After Bloomberg reported that Nokia (NOK) is working with advisers to explore strategic options, JPMorgan analyst Sandeep Deshpande said that the company's "only viable" options are a sale to an unrelated tech company or asset sales. A deal with Ericsson (ERIC) is "completely unlikely" and one with Samsung (SSNLF) is "more likely but not substantially so" given that Western governments and regulators want more players in 5G, not less, Deshpande contends. A sale to a U.S. company would likely be welcomed in the U.S., but "obvious choices" such as Cisco (CSCO) or Apple (AAPL) are unlikely to be interested, the analyst believes. While a smaller U.S. technology company exposed to government contracts could have interest, he cannot identify an "obvious acquirer," added Deshpande, who has a Neutral rating and EUR 3.75 price target on Nokia shares.
News For NOK;ERIC;SSNLF;AAPL;CSCO From the Last 2 Days
Oct 27, 2020 | 08:07 EDT
VMware, Inc. (VMW) announced it has collaborated with Samsung Electronics (SSNLF) to further extend its leadership in 5G. Through this alliance, the companies seek to help Communication Service Providers (CSPs) meet the requirements of 5G networks and accelerate the roll-out of 5G by optimizing Samsung's portfolio of telco offerings from Core to Edge to RAN for both containerized network functions (CNFs) and virtualized network functions (VNFs) with VMware Telco Cloud Platform. As 5G continues to gain traction, CSPs will require a cloud native network that will improve the flexibility and efficiency of deploying services into new verticals faster. At the same time, CSPs can only achieve this with a cloud-first automated network designed to simplify management and operations while lowering operational costs. The Samsung and VMware collaboration aims to accelerate the innovation cycle through better network design end-to-end, and support the agility required for 5G networks. With VMware Telco Cloud Platform, CSPs can deploy a cloud native, software-defined 5G network that will accelerate the delivery of services and applications across distributed telco clouds with operational consistency, integrated lifecycle management and multi-layer automation while maintaining carrier-grade performance, scalability and reliability. As part of this collaboration, the companies have been working together at Samsung's lab to optimize and accelerate the readiness of Samsung's various VNFs and CNFs, such as vRAN, 5G Core, MEC, Management, and Analytics, with the VMware Telco Cloud Platform. Samsung's VNFs and CNFs have been and continue to be integrated with VMware's Ready for Telco Cloud program. The VMware Ready for Telco Cloud program will support Samsung to accelerate the onboarding and deployment of their 5G-ready services on the VMware Telco Cloud Platform, thereby enabling CSPs to accelerate their time to deploy and time to revenue.
Oct 26, 2020 | 10:06 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BUY APPLE: Atlantic... To see the rest of the story go to See Story Here
Oct 26, 2020 | 07:35 EDT
Notable call activity was cited Friday in Apple (AAPL), American Airlines (AAL), Macy's (M), and Juniper Networks (JNPR).
Oct 26, 2020 | 06:43 EDT
Citi analyst Jim Suva keeps a Buy rating on Apple with a $125 price target ahead of the company's results on October 29. With no impact from new iPhone 12 in the September quarter, the analyst expects management to highlight Apple's "multiple and diverse" product revenue streams and showcase the company's installed base and subscriber monetization efforts. In the September quarter, upside to estimates could be driven by iPads, Macs and Wearables as work from home and stay at home trends continued to drive uptick in consumer tech spending during the quarter, Suva tells investors in a research note. For iPhones, he now sees an "attractively priced lineup" of phones and U.S. carrier promotions boding well for a "strong" Christmas season.
Oct 26, 2020 | 06:21 EDT
Samsung Chairman Lee Kun-hee died on Sunday at 78 years old, The Wall Street Journal's Elizabeth Koh and Jonathan Cheng report. Lee, who at the time of his death remained chairman of Samsung, had been hospitalized since May 2014 after a heart attack. Samsung has not said who will replace Lee, though his son had assumed the role of the group's de facto leader in the years since his father's hospitalization. Reference Link