Stocks to Watch: Facebook, BMC Software, Apple

NEW YORK -- Facebook ( FB), the social media giant, is expected by analysts on Wednesday to report after markets close first-quarter earnings of 13 cents a share on revenue of $1.44 billion.

The focus for investors in Facebook's report will be mobile advertising growth as the company transitions to advertising on handsets and tablets.

TheStreet will be live-blogging Facebook's earnings beginning at 3:45 p.m. EDT.


A private-equity group made up of Bain Capital and Golden Gate Capital has emerged as the lead contender to buy BMC Software ( BMC) for more than $6.5 billion, three people familiar with the matter told Reuters.

Bain and Golden Gate made a binding bid for the business software maker on April 22. The group offer more than a rival group of KKR & Co., TPG Capital and Thoma Bravo, the sources said.

One of the sources told Reuters the offers came in a range of $45 to $50 a share, valuing BMC Software at more than $6.5 billion.

BMC Software closed Tuesday at $45.58.


Apple ( AAPL) sold $17 billion worth of corporate debt in the largest corporate non-financial bond offering in history, according to data from Bloomberg.

In the six-part offering, Apple sold debt with maturities starting in 2016 and ending in 2043, according to a regulatory filing. As part of the offering, the iPhone maker will be selling $5.5 billion worth of 10-year fixed debt, which will start trading at 75 basis points above comparable U.S. Treasury debt. Currently, the yield on a 10-year U.S. Treasury is 1.675%.

Apple will also sell $1 billion worth of three-year fixed rate notes, which will start trading at 5 basis points over the 3-month LIBOR rate.

Apple announced the debt offering as part of its massive capital return to shareholders when it reported earnings earlier this month.

Apple Sells $17B in Largest Debt Offering Ever


Yahoo! ( YHOO) scrapped a deal to buy a 75% stake in online video Web site Dailymotion because of objections by the French government, reports said.

An acquisition of Dailymotion -- the deal was valued at $300 million -- would have been the biggest deal in the 10-month tenure of Yahoo! CEO Marissa Mayer, Reuters said.


MasterCard ( MA) is expected by analysts on Wednesday to post first-quarter earnings of $6.18 a share on revenue of $1.93 billion.

Visa, Mastercard To Report Wednesday


Wall Street expects Time Warner ( TWX) on Wednesday to report first-quarter earnings of 75 cents a share on revenue of $7.15 billion.


-- Written by Joseph Woelfel

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