This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Stocks to Watch: Clearwire, P&G, OmniVision

NEW YORK -- Clearwire (CLWR) said it will delay a meeting scheduled for Friday to vote on Sprint's (S) buyout offer of $3.40 a share, following a counter bid from Dish Network (DISH) of $4.40 a share.

Clearwire said the meeting would reconvene on June 13. Meanwhile, the company said it would talk to Dish about its offer.

Dish's offer on Wednesday valued Clearwire, the wireless company, at $6.9 billion. Sprint's bid of $3.40 a share is for the half of Clearwire it doesn't already own.

Clearwire's Surge Signals Higher Bidding


Procter & Gamble (PG - Get Report) plans to elevate four senior executives to new top roles, a move that would publicly identify candidates to succeed returned CEO A.G. Lafley, people familiar with the matter told The Wall Street Journal.

Lafley came out of retirement last week to replace Robert McDonald as CEO. He isn't expected to stay for more than two or three years, and one of his top priorities is to prepare a lineup of P&G executives who could replace him, people close to the company told the newspaper.


OmniVision Technologies (OVTI - Get Report), the semiconductor company, posted strong earnings on Thursday and guided well above analysts' estimates.

For the first quarter of fiscal 2015, OmniVision said it expects earnings between 35 cents and 52 cents a share; it expects sales of between $355 million and $390 million. Analysts are looking for earnings of 28 cents a share on sales of $347.2 million.

OmniVision Posts Huge Earnings Beat


Splunk (SPLK - Get Report) raised its full-year revenue outlook on Thursday, but forecast negative second-quarter operating margins as it continues to invest heavily in data platform, content and Software-as-a-Service offerings.

Splunk predicted second-quarter operating margin of between negative 4% and negative 6%.

Splunk Falls on Mixed Outlook


Lions Gate (LGF - Get Report) on Thursday posted fiscal fourth-quarter earnings and revenue that topped Wall Street's expectations as it benefited from home video sales of the finale to its "Twilight" franchise.


Sony (SNE) has hired Morgan Stanley and Citigroup to help evaluate options for its entertainment business, CNBC reported.

Hedge fund manager Daniel Loeb has proposed that Sony spin off up to 20% of its movie, TV and music division.


-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Copyright 2013 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CLWR $0.00 0.00%
LGF $32.70 -0.46%
OVTI $27.02 0.78%
PG $84.38 -0.91%
SPLK $63.25 -3.70%

Markets

DOW 18,084.76 -118.61 -0.65%
S&P 500 2,097.44 -10.34 -0.49%
NASDAQ 4,967.0720 -12.8290 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs