Articles by: Phil Lyman

Novavax Jumps More Than 5.5% On Insider Buying

Novavax Jumps More Than 5.5% On Insider Buying

May 21, 2018 at 10:45 am

Novavax (NVAX) jumped more than 5.5% after a form 4 filing with the U.S. Securities and Exchange Commission showed CFO John Trizzino purchased 50,000 shares on May 14 at $1.6399 per share, bringing his beneficial ownership to 138,965 shares. In a separate Form 4 filing, Gregory Glenn, president of the firm’s research and development department, purchased 100 and 19,900 sharesRead More

Microsoft Reportedly To Launch Smaller, Low-Cost Tablet Line to Challenge Apple

Microsoft Reportedly To Launch Smaller, Low-Cost Tablet Line to Challenge Apple

May 21, 2018 at 10:44 am

Microsoft (MSFT) is planning to release a smaller, low-cost line of Surface tablets as soon as the second half of 2018 to vie for the market dominated by Apple (AAPL), Bloomberg News reported citing people familiar with the matter. The new devices will feature 10-inch screens, smaller than the 12-inch screens utilized on the Surface Pro laptop line. The tablets,Read More

Gamestop Gets Letter From Hedge Fund Tiger Managment Calling for Strategic Review

Gamestop Gets Letter From Hedge Fund Tiger Managment Calling for Strategic Review

May 21, 2018 at 10:43 am

Gamestop (GME) received a letter from hedge fund Tiger Management urging the video game retailer to conduct a strategic review amid management departures, CNBC reported Wednesday. “We view the recent management departures and crisis of confidence as an unprecedented opportunity for the board to launch a strategic review and revive shareholder confidence in the sustainability of the GameStop business model,”Read More

Celyad SA Says Use of Cash in Q1 in Line With Expectations

Celyad SA Says Use of Cash in Q1 in Line With Expectations

May 21, 2018 at 10:42 am

Celyad SA (CYAD), a company focused on the development of specialized CAR-T cell-based therapies, said it ended Q1 with EUR25.1 million ($29.8 million) in cash, cash equivalents, and short-term investments, with use of cash amounting to EUR8.8 million, in line with expectations. “We had a productive first quarter, further defining our strategy that will guide CYAD-01 in becoming the foundationRead More

Cisco’s Transition to Recurring Revenue Model Progressing Slower Than Expected

Cisco’s Transition to Recurring Revenue Model Progressing Slower Than Expected

May 21, 2018 at 10:41 am

Cisco’s (CSCO) transition to a more recurring revenue model is progressing slower than expected, even with the addition of the subscription-based Catalyst 9K campus switch, BMO said. While the recurring revenue contribution from the Catalyst 9K is accelerating, it still remains small and the recent introduction of Arista’s campus switch portfolio could negatively impact the acceleration, the bank said. “OurRead More

21st Century Fox Names Lachlan Murdoch as CEO of New Fox After Disney Deal

21st Century Fox Names Lachlan Murdoch as CEO of New Fox After Disney Deal

May 21, 2018 at 10:40 am

Twenty-First Century Fox (FOX), an owner of portfolios of cable, broadcast, film, pay television and satellite assets, said Wednesday that its executive chairman Lachlan Murdoch will serve as the chairman and chief executive officer of the proposed new Fox company upon closing of the transaction between 21st Century Fox and The Walt Disney Company (DIS). Rupert Murdoch will also serveRead More

The KEYW Holding Announces Results of Tender Offer for Convertible Senior Notes Due 2019

The KEYW Holding Announces Results of Tender Offer for Convertible Senior Notes Due 2019

May 21, 2018 at 10:39 am

The KEYW Holding (KEYW) announced pre-market Wednesday the results of a tender offer to purchase any and all of its outstanding 2.50% convertible senior notes due 2019. As of the expiration of the tender offer on May 15, $126,892,000 aggregate principal amount of the notes, representing approximately 84.88% of the outstanding notes, were validly tendered. After settlement, approximately $22,608,000 aggregateRead More