| The KUIK Morning Market Report for Wednesday, February 25: | |||||||
| Markets are down. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (18) | points | 18,193 | 6:58 AM | ||
| S&P500 | Down | -0.2% | percent | 2,112 | (3.25) | ||
| Nasdaq Composite | Down | -0.1% | percent | 4,963 | (5.07) | ||
| 30 Year Treasury | Down | (0) | Basis Points | 2.60 | Annual Yield | ||
| Hewlett-Packard shares fell after the company forecast quarterly and full-year profit that trailed analysts’ estimates, saying a rising U.S. dollar will hurt results as the computer maker prepares to split in two. Shares were off 8.6 percent this morning, the largest intraday drop since August 2013. HP said profit before certain items in the fiscal second quarter ending in April will be 84 cents to 88 cents a share. Analysts projected 95 cents, according to Bloomberg. For fiscal 2015, profit will be $3.53 to $3.73 a share, short of estimated $3.95. | |||||||
| Apple was told to pay $532.9 million after a federal jury said the company’s iTunes software used a Texas company’s patented inventions without permission. Closely held Smartflash, claimed that Apple infringed three patents and wanted $852 million in damages, while Apple said it was worth $4.5 million at most. Yesterday, A federal jury in Tyler, Texas, where Smartflash is based, rejected Apple’s arguments that it didn’t use the inventions and that the patents were invalid. Apple pledged to appeal. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.bloomberg.com/news/articles/2015-02-24/hewlett-packard-s-impending-split-clouded-by-missed-forecast | |||||||
| http://www.bloomberg.com/news/articles/2015-02-25/apple-told-by-jury-to-pay-532-9-million-in-gaming-patent-trial | |||||||
| For today’s Morning Market Report click to listen-> | |||||||