Here are some things going on today in your world of tech :
Shares of Oracle (ORCL) are down 20 cents at $47.95, despite several analysts writing approvingly after having attended the company's " Cloud World " user conference in New York yesterday.
Feedback seems generally upbeat about such things as the company's " Autonomous " database product. Raymond James's Michael Turits reiterates an Outperform rating on the shares, writing that Oracle is "proceeding along a measured, if not currently rapid, transition to cloud."
Another wrinkle this morning in Broadcom's (AVGO) hostile bid for Qualcomm (QCOM), the company today reducing its proposed nominees for Qualcomm's board from 11 to just six.
Back in early January, Broadcom sent proxy materials to Qualcomm shareholders, urging them to replace all 11 directors of Qualcomm's board. Now it is scaling back its ambition. This follows Broadcom CEO Hock Tan coming on CNBC yesterday morning to promote his effort, in advance of a meeting between the two firms that is expected to take place tomorrow.
Broadcom shares today are up $1.16, or 0.6%, at $243.25, while Qualcomm shares are down 39 cents, or 0.6%, at $65.24.
Speaking of chips, shares of analog chip maker Analog Devices (ADI) are down 12 cents at $84.93, despite an upbeat note from Piper Jaffray's Harsh Kumar, who raised his rating on the shares to Overweight from Neutral, and raised his price target to $99 from $92, calling the "recent pullback" an "excellent opportunity."
"More than anything, we believe ADI is a high quality asset that is participating in all of the right end-markets," writes Kumar. Kumar in particular likes the prospect for the $1 billion worth of "revenue synergies" that ADI expects to get, over 3 to 5 years, from its acquisition last year of Linear Technology.
Speaking even further of chips, David Wong of Wells Fargo this morning reiterates Outperform ratings on both Intel (INTC) and Advanced Micro Devices (AMD), after reviewing data for their server-chip sales in the December quarter, some of it supplied by research firm Mercury Research.
Wong sees a favorable set-up for Intel in the March quarter, noting "\the ongoing ramp of the Purley/Skylake products could drive Intel's DCG year/year growth in the March 2018 quarter; this quarter also makes an easier year/year comparison to March 2017 quarter when no major server product ramp existed."
As AMD, he thinks the company is "poised to gain market share through 2018," after gaining a fraction of a percent share in server chips in December.
AMD shares today are 2 cents at $11.70, Intel shares are down 23 cents at $44.60.
More encouraging words for NetApp (NTAP) this morning. After yesterday's positive assessment by Susquehanna, the stock this morning gets an upgrade from Neutral to Buy by Merrill Lynch's Wami Moham, who raises his price target to $74 from $63.
Mohan predicts "incredible" sales of its newer "all-flash array" products when it reports results on February 18th.
NetApp shares this morning are up $1.32, or 2%,a t $59.05.
Speaking of earnings, don't expect a lot from Energous (WATT), the wireless technology startup, when it reports Q4 results this Thursday, after the closing bell. Roth Capital's William Gibson is looking for a loss of $13.4 million on sales of just $30,000.
But Gibson, who has a Buy on the stock, seems pleased with what he saw at the company's demonstrations at the Consumer Electronics Show in Last Vegas last month, noting that "about 12 active Energous partners should have products on the market in coming months."
Energous stock is up 59 cents, or 3%, at $19.88.
On tap for earrings this afternoon are Baidu (BIDU), Hubspot (HUBS), Talend (TLND), and Twilio (TWLO).