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Jury says Apple violated three Qualcomm patents, should pay $31 million

“Yesterday, at a trial in San Diego between chipset-maker Qualcomm and technology giant Apple, a jury declared a win for Qualcomm when it decided that Apple had violated three Qualcomm patents (via CNET)” writes C Scott Brown for androidauthority.com. Qualcomm will argue that Apple didn’t pay it the royalties it should have, while Apple will argue that Qualcomm overreaches when it comes to its patents.The gist of each is as follows: According to the jury, Apple used these three patents in iPhones and didn’t properly get permission from Qualcomm to…

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Markets News 

Micron earnings: As memory-chip glut persists, can forecast raise hopes?

“This time last year, Micron forecast a rosy outlook and had announced plans to increase its production capacity as data-center demand for chips appeared limitless” writes Wallace Witkowski for marketwatch.com. Micron forecast $1.65 to $1.85 a share.In the year-ago quarter, Micron reported earnings of $2.82 a share.Revenue: Wall Street expects revenue of $5.85 billion from Micron, according to 27 analysts polled by FactSet.That’s down from $7.5 billion the Street had forecast at the beginning of the quarter, before Micron predicted revenue of $5.7 billion to $6.3 billion. Source: marketwatch.com

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News Stocks 

Synaptics CEO out as earnings hit by China softness, stock plunges

“Synaptics revealed that its fiscal third-quarter earnings and revenue would be “around” the lower end of its guidance range, and stated that revenue was “affected by demand softness in China.”” writes Jeremy C for marketwatch.com. Synaptics released second-quarter earnings last month, and announced the departure of its chief financial officer for Lumentum Holdings Inc.SYNA, +2.01% shares dropped 7% in after-hours trading Friday afternoon, after the tech company announced that its chief executive is leaving and that its earnings had disappointed amid troubles in China.Synaptics stock has struggled since merger discussions…

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Turtle Beach shares tank on weak earnings outlook

“Turtle Beach shares sank 13% after hours” writes Markets Reporter for marketwatch.com. Turtle Beach also reported its fourth-quarter earnings rose to $24.6 million, or $1.33 a share, from $14.2 million, or $1.15 a share, a year earlier.The company projected first-quarter adjusted earnings per share of 5 cents, below Wall Street’s average estimate of 7 cents.Analysts surveyed by FactSet Research had forecast earnings of $1.31 a share on revenue of $110 million. Source: marketwatch.com

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Here’s how the SEC should decide if companies should report earnings only every 6 months

“The Securities and Exchange Commission has set a March 21 deadline for public comments on possible changes to its current financial reporting requirements for U.S. publicly traded companies” writes Richard B for marketwatch.com. Moreover, assessing the merits or flaws of such modifications surely is susceptible to benefit-cost analysis.To help answer this question, the SEC should embrace benefit-cost analysis in a serious way that sets a standard for other U.S. financial regulatory agencies.Many people in the current administration and in Congress claim that they favor benefit-cost analysis and evidence-based decision-making.For example,…

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News Stocks 

Oracle stock slides on outlook after once again riding stock buybacks to earnings beat

“Oracle reported cloud services and license support revenues were $6.66 billion, while analysts expected $6.64 billion” writes Wallace Witkowski for marketwatch.com. Cloud license and on-premise license revenue came in at $1.25 billion, while analysts expected $1.24 billion.Of the 33 analysts surveyed by FactSet, Oracle on average was expected to post adjusted earnings of 84 cents a share.Over the past 12 months, Oracle shares are up 1.4%, compared with a 2.2% gain in the S&P 500 index SPX, -0.09%  and a 1.8% rise in the tech-heavy Nasdaq Composite Index COMP, -0.16%…

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News Stocks 

Oracle again rides stock buybacks to earnings beat

“Oracle reported cloud services and license support revenues were $6.66 billion, while analysts expected $6.64 billion” writes Wallace Witkowski for marketwatch.com. Cloud license and on-premise license revenue came in at $1.25 billion, while analysts expected $1.24 billion.Of the 33 analysts surveyed by FactSet, Oracle on average was expected to post adjusted earnings of 84 cents a share.Oracle Corp. shares traded between slight gains and losses in the extended session Thursday after the enterprise software company topped Wall Street estimates again amid a wave of stock buybacks. Source: marketwatch.com

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Ulta jumps after earnings, sales, and guidance top expectations

“Last quarter, Ulta shares fell 7% after the beauty retailer gave earnings and sales guidance that fell short of estimates” writes Rebecca Ungarino for businessinsider.com. Ulta Beauty shares jumped as much as 6% in after-hours trading on Thursday after the company’s fourth-quarter sales and profits topped analysts’ expectations.The company said its spike in comparable sales was driven by a 7.1% increase in transactions and 2.3% rise in its average ticket price.At its close of trading on Thursday, Ulta was trading just below its November record high of $322.49 per share. Source:…

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