Breakfast News: EMC Corporation, Celgene Corporation, LinkedIn Corp, Visa Inc


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NYSE:EMC / NASDAQ:CELG / NYSE:LNKD / NYSE:V
05/28/2014 [ACCESSWIRE]

NEW YORK / ACCESSWIRE / May 28, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for EMC Corporation, Celgene Corporation, LinkedIn Corp, Visa Inc.

EMC Corporation (NYSE:EMC)’s shares dropped 0.11% to $26.57. The company on May 27 announced the availability of its 2013 Sustainability Report, "Thinking Forward: Redefine the Future." The report sheds light on how EMC approaches its role in the world by providing progress updates on sustainability factors and detailing new and exciting targets set for the future.

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Additionally, the company on May 6 announced the new global Business Partner Program (BPP) providing EMC® partners with a common, unified framework. The new BPP brings together all previous EMC partner programs to create a simple, predictable and profitable experience for each partner.  Designed in concert with partners, the BPP offers more flexibility and choice as well as greater access to solutions and services to enable partners to play a leading role in both the 2nd Platform and emerging 3rd Platform of IT, characterized by the mega trends of social, mobile, cloud and Big Data.

Celgene Corporation (NASDAQ:CELG)’s shares gained 3.33% to $155.13. The company on May 22 announced organizational changes that will go into effect on August 1, 2014. Mark Alles is promoted to President and Chief Operating Officer (COO); Jacqualyn Fouse, PhD, is promoted to President Hematology & Oncology; Scott Smith is promoted to President Inflammation & Immunology (I&I); Peter Kellogg to join Celgene as Executive Vice President, Chief Financial Officer (CFO).

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Additionally, the company announced that Celgene management will provide an overview of the Company at upcoming investor conferences in the month of June: Wednesday, June 4, 2014 at the Jefferies 2014 Global Healthcare Conference in New York at 10 a.m. ET; Wednesday, June 11, 2014 at the William Blair Growth Stock Conference in Chicago at 2:20 p.m. ET.

LinkedIn Corp (NYSE:LNKD)’s shares gained 2.97% to $160.54. The company on May 1 reported its quarterly results for the first quarter of 2014. Revenue for the first quarter was $473.2 million, an increase of 46% compared to $324.7 million in the first quarter of 2013. Net loss attributable to common stockholders for the first quarter was $13.4 million, compared to net income of $22.6 million for the first quarter of 2013. Non-GAAP net income for the first quarter was $47.3 million, compared to $52.4 million for the first quarter of 2013. Non-GAAP measures exclude tax-affected stock-based compensation expense and tax-affected amortization of acquired intangible assets. GAAP diluted EPS for the first quarter was $(0.11), compared to GAAP diluted EPS of $0.20 for the first quarter 2013; non-GAAP diluted EPS for the first quarter was $0.38, compared to non-GAAP diluted EPS of $0.45 for the first quarter of 2013.

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Visa Inc (NYSE:V)’s shares climbed 1.15% to $214.50. The FIDO (Fast IDentity Online) Alliance (http://www.fidoalliance.org/), an industry consortium revolutionizing online authentication with standards for strong authentication, on May 20 announced that Visa Inc. (NYSE: V), the global payments technology company, has joined the FIDO Alliance and been appointed to the Board of Directors. Visa Europe will join the alliance as a sponsor member and will be represented on the board by Visa Inc.

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Additionally, the company announced that Charlie Scharf, Chief Executive Officer, presented at the JPMorgan Global Technology, Media & Telecom Conference in Boston on May 19, 2014. The discussion began at 12:20 p.m. Eastern Time and last for approximately 35 minutes.

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SOURCE: Market Buzz Report  

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