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☆ Nvidia says it will sell more of its next-generation Blackwell chips than previously anticipated
▼ + stars: | 2024-11-20 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Those hopes fall on Blackwell, which is Nvidia's name for a family of server products based around its next-generation AI chip. Some of Nvidia's most important end-customers have already received some Blackwell chips, the company confirmed on Wednesday. "We will we'll ship more Blackwells next quarter than this [quarter], and we'll ship more Blackwells the quarter after that than than our first quarter," Huang said. A limiting factor to producing more Blackwell systems is the amount of components that Nvidia's suppliers can provide, Huang said. As Blackwell rolls out, Nvidia's current AI chips, which it calls Hopper, will be relegated to serving AI models, not creating new ones.

Persons: Jensen Huang, Colette Kress, Blackwell, Huang, OpenAI, Hopper, Chris Rolland Organizations: NVIDIA, Center, Blackwell, Nvidia, Microsoft, Oracle, SK Hynix, Micron, Amazon Locations: Washington , DC, Nvidia's, Vertiv

☆ Here's the moment Nvidia became the AI king and what it must do this week to keep the throne
▼ + stars: | 2024-05-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

No one is laughing about Jayshree's company, either, as her white box solutions are beating Cisco Systems when it comes to the internet plumbing that connect Nvidia chips to the Titans. Last year at this time, Nvidia snuck into the U.S. trillion-dollar market cap club, with that May quarter. What does Nvidia really have to do then for an encore? Now we are getting into what Jensen does to beat expectations. Tall order, but Nvidia is a company that's beaten tall orders routinely we just didn't really know it until last May.

Persons: Jensen Huang, Jensen, Claude, let's, Blackwell, Andy Grove, Intel's, doesn't, — Jensen, Collette Kress, Mills, Eli Lilly, Jim Cramer's, Jim Cramer, Jim, Josh Edelson Organizations: Nvidia, Titans, Arista Networks, Microsoft, Meta, Cisco Systems, Google, Apple, Devices, Intel, Merck, Keytruda, Vision, AMD, Grove, Union Pacific, Club, GE, Jim Cramer's Charitable, CNBC, SAP Center, Afp, Getty Locations: San Jose , California

☆ Nvidia jumps more than 15% this week. A key reason: what other companies are saying
▼ + stars: | 2024-04-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

"These are big checks made out to get Blackwells and H200s from, yes, Nvidia," Jim Cramer said during Friday's Morning Meeting . "There are a lot of people … that think this stock is a dangerous stock," Jim said. The next earnings report to shed light on demand for Nvidia's AI chips is set for Tuesday evening when Club name Amazon releases first-quarter results. While Amazon also has custom AI chips, it's a sizable Nvidia customer and the companies have enjoyed a longtime partnership. Even electric vehicle maker Tesla indicated earlier this week that it plans to buy tens of thousands more Nvidia chips this year to support self-driving car efforts.

Persons: Wall, Jim Cramer, Blackwell, OpenAI, There's, Jim, Wednesday's, – tanked, Alphabet's, FactSet, Ruth Porat, capex, Porat, Amy Hood, Hood, Microsoft's, Tesla, Jim Cramer's, Jensen Huang, Josh Edelson Organizations: Nvidia, Microsoft, Investors, Devices, Meta, Facebook, Bank of America, AMD, Broadcom, Wall, Google, Amazon, CNBC, SAP Center, AFP, Getty Locations: –, U.S, San Jose , California

Trian claims Disney's board has failed to generate sufficient returns in recent years as subscription streaming losses have mounted and traditional TV subscribers have declined. Early vote countBoth Disney and Trian received support from influential shareholders ahead of Wednesday's meeting. Roughly one-third of Disney's shareholders are retail shareholders, who historically vote in small numbers in annual meetings. The arrangement still raised questions about ValueAct's support for the company and whether Disney's board should have disclosed the prior relationship. WATCH: Disney board battle reaches final moments

Persons: Bob Iger, Mickey Mouse, Valerie Macon, Nelson Peltz, Jay Rasulo, They've, Maria Elena Lagomasino, Michael Froman, Peltz, Ike Perlmutter, Trian, Disney's, Iger, Bob Chapek, Patrick T, Adam Jeffery, Morgan Stanley, James Gorman, CNBC's, George Lucas, Laurene Powell Jobs, Lucas, Powell Jobs, Ken Squire, Rowe Price, Rowe, Mason Morfit's, ValueAct, Neuberger Berman, John Ferguson, Rasulo —, Glass Lewis, Iger's, Gorman, Jeremy Darroch, CNBC's Andrew Ross Sorkin, Heidi Gutman, Lagomasino, shouldn't, Blackwells, Rasulo, Jason Aintabi, John Foley, Jessica Schnell, Craig Hatkoff, Leah Solivan, ValueAct hasn't Organizations: AFP, Getty Images Disney, Voters, Trian Partners, Disney, PepsiCo, Marvel, SEC, Fallon, Bloomberg, Getty, CNBC Disney, CNBC, Star Wars, LucasArts, Pixar, BlackRock, Institutional, California Public Employees, Yacktman Asset Management, Saratoga Proxy, ISS, Sky, Trian Fund Management, NBCU, Bank, NBCUniversal, Green, Comcast Locations: Los Angeles, New York

☆ Disney prevails over Trian in board fight: Reuters
▼ + stars: | 2024-04-03 | by ( ) www.cnbc.com time to read: +1 min

Walt Disney Co has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz's hedge fund Trian Fund Management, people familiar with the matter said on Tuesday. Walt Disney Co has secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz's hedge fund Trian Fund Management, people familiar with the matter said on Tuesday. Enough votes had been cast as of Tuesday evening to put Disney's board directors safely ahead of Trian's two challengers, that included Peltz and former Disney chief financial officer Jay Rasulo, the sources said. Blackwells Capital, another hedge fund that nominated three board director candidates at Disney, was also unsuccessful in its attempt, the sources said. Spokespeople for Disney did not immediately respond to a request for comment.

Persons: Walt, Nelson Peltz's, Peltz, Jay Rasulo, Blackwells Organizations: Walt Disney Co, Fund Management, Disney, Blackwells

☆ Disney trounces activist shareholders in a major win for Bob Iger
▼ + stars: | 2024-04-03 | by ( Allison Morrow | Hadas Gold | ) edition.cnn.com time to read: +5 min

New York CNN —Disney won a hard-fought proxy battle against a group of activist investors who sought to secure seats on the company’s board of directors. Disney’s board triumphed by what the company called “a substantial margin” over the nominees put forward by Trian Fund Management and Blackwells Capital at its annual shareholder meeting. Iger didn’t just beat Trian’s Nelson Peltz, but trounced him, according to a person familiar with the vote count. Jay Rasulo, the former Disney finance chief who joined Peltz’s attempt, also lost by a wide margin, the person said. Retail shareholders, which hold roughly 35% of Disney stock, also voted overwhelmingly – 75% – for Disney’s candidates.

Persons: New York CNN — Disney, Bob Iger, Disney’s, —, Trian, didn’t, Trian’s Nelson Peltz, Jay Rasulo, Peltz’s, Peltz, ”, ” Iger, ” Peltz, Iger, CNN’s Oliver Darcy, Samantha Delouya, Oliver Darcy Organizations: New, New York CNN, Trian Fund Management, Blackwells, Disney, Retail, Financial Times, Republicans, Marvel, CNBC, Trian Partners Locations: New York, refocusing, Trian

☆ Disney’s Annual Meeting Will Include a Thrill Ride
▼ + stars: | 2024-04-03 | by ( Brooks Barnes | ) www.nytimes.com time to read: 1 min

“Disruptive and destructive.” That is how Disney has referred to the activist investors who are pushing for seats on its board and influence over its strategy. In return, the activists have called Disney “stupid” and mocked its purported turnaround as “a fanciful tale.”Which side will prevail? One of the largest, priciest and nastiest proxy contests in history will come to a head on Wednesday, when Disney is scheduled to virtually host its annual shareholder meeting. A smaller activist investor, Blackwells Capital, is seeking three seats. Disney has put forward its own slate of 12 directors and has said its get-out-the-vote campaign would cost up to $40 million.

Persons: Nelson Peltz, — Organizations: Disney, Trian Partners, Blackwells

☆ The battle over Disney’s future is about to be decided in a high stakes board vote
▼ + stars: | 2024-04-02 | by ( Hadas Gold | Samantha Delouya | ) edition.cnn.com time to read: +8 min

Two competing slates of board seats are now up for a vote against Disney’s. Peltz has criticized Disney’s recent theatrical flops and said the company should reach “Netflix-like margins” with its Disney+ streaming service, among other issues. If Peltz is successful, he and Rasulo could gain up to two seats on the board, displacing Disney’s picks. More than 35% of Disney’s shares are held by these individuals, who could seriously sway the vote. The influential advisory firms Institutional Shareholder Service and Egan-Jones have also thrown their support behind Peltz for at least one seat on the board.

Persons: Nelson Peltz, Jay Rasulo, Peltz, Ike Perlmutter, Bob Iger, ” Barton Crockett, Disney, ” Trian, Rasulo, Iger, Bob Chapek, Peltz —, —, It’s, ” Peltz, Perlmutter, ”, “ They’ve, ’ ” Crockett, Anna, Elsa, Ludwig Von Drake, “ Disney, George Lucas, Jamie Dimon, Michael Eisner, Laurene Powell Jobs, Abigail E, they’ve, ” Jessica Reif Ehrlich, “ Nelson Peltz, Neuberger Berman, Egan, Jones, ” Crocket, CNN’s Liam Reilly, Krystal Hur Organizations: CNN, Disney, Magic Kingdom, Disney’s, Trian Fund Management, Blackwells, Marvel, Netflix, Rosenblatt Securities, ESPN, ABC, Google, JPMorgan Chase, BofA Securities, California, Service Locations: Trian

☆ Here are Tuesday's biggest analyst calls: Nvidia, Meta, Boeing, Eli Lilly, Disney, Coca-Cola, Grindr & more
▼ + stars: | 2024-04-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are Tuesday's biggest calls on Wall Street: Oppenheimer reiterates Nvidia as outperform Oppenheimer said it's sticking with its outperform rating on shares of Nvidia. Citi reiterates Eli Lilly as buy Citi said the biopharma company is "riding the GLP-1 rocket." Citi downgrades Clorox to neutral from buy Citi said that the bullish thesis for the stock has largely played out for now. Citi upgrades Estee Lauder to buy from neutral Citi said it sees a "topline inflection point" for the stock. Barclays upgrades Array Technologies to overweight from equal weight Barclays said it sees share gains for the solar company.

Persons: Oppenheimer, McCormick, Argus, Needham, it's, Nelson Peltz, Melius, Horton, Citi, Eli Lilly, Estee Lauder, ARRY, JMP, Piper Sandler, Piper, Nio, CFRA, Goldman Sachs, Goldman, Blackstone, Petco Organizations: Nvidia, JPMorgan, Disney, Boeing, Citi, Coca, MTH, RBC, GE Vernova, General Electric, Bank of America, Meta, Travel, Barclays, Eaton, MI, Olema Pharmaceuticals, UBS, Bank of, of America Locations: underperform, LEN, DHI, Asia, Eaton, 4Q23

☆ Disney and its rivals are breaking spending records for this week's shareholder fight
▼ + stars: | 2024-04-01 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

Disney's proxy battle is expected to cost the company and rival hedge funds at least $70 million. Retail investors make up a big chunk of Disney shareholders, and it's expensive to reach them. The outcome of the shareholder vote could change Disney's direction, but its impact is still unclear. AdvertisementThis week's big Disney shareholder vote is supposed to be a seismic event — a referendum on the future of one of the world's most important entertainment companies. But we can definitively say that the Disney proxy battle, which concludes on Wednesday, has been a nice boost for a collection of consultants and media companies.

Persons: —, — Nelson Peltz's, Bob Iger Organizations: Disney, Service, New York Times, Vanguard, Partners, Okapi Partners, Business

☆ Stocks making the biggest moves before the bell: Boeing, Masimo, Cleveland-Cliffs, Baidu, Disney and more
▼ + stars: | 2024-03-25 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Masimo — Shares soared nearly 12% following the medical technology company's announcement late Friday it is considering a spinoff of its consumer business. In addition, Wells Fargo upgraded the stock Monday, citing the potential separation of the businesses. Baidu — Shares of the technology company climbed 1.4% following news that Baidu is reportedly engaged in talks with Apple for a potential collaboration on artificial intelligence services in China. Disney — Shares rose 1.2% after Barclays upgraded the media company to overweight from equal weight, saying Disney has further upside even after its outperformance this year. Foot Locker — The shoe retailer rose 2.9% after Evercore ISI upgraded the stock to outperform from in line.

Persons: Dave Calhoun, Larry Kellner, Masimo, Quentin Koffey, Wells, Baidu, Nelson Peltz, Locker, Tesla, Raymond James, Jesse Pound, Tanaya Macheel, Michelle Fox, Brian Evans, Sarah Min Organizations: Boeing —, Street Journal, Politan Capital Management, Department of Energy, Chipmakers, Intel, Financial Times, Nvidia, Baidu —, Apple, Disney, Barclays, Blackwells, ISI, Mizuho Securities, Scotts Miracle, Gro Locations: Wells Fargo, Cleveland, Ohio, Pennsylvania, China, U.S, Europe

☆ Advisory firm ISS tells Disney shareholders to side with Nelson Peltz in proxy fight
▼ + stars: | 2024-03-21 | by ( Michele Luhn | ) www.cnbc.com time to read: +3 min

Proxy advisory firm Institutional Shareholder Services on Thursday recommended that Walt Disney shareholders elect activist investor Nelson Peltz to the board in his bitter fight against CEO Bob Iger. While siding with Peltz, ISS told shareholders not to back Rasulo in the fight, citing his previous positioning as a potential successor to Iger. "Though we do not have any concerns about his ability to serve as an objective director, we recognize that Rasulo's potential presence might create added friction on the board," ISS said. Another proxy advisory firm, Glass Lewis, earlier this week endorsed Disney's slate of board nominees. Large institutional shareholders will often — but not always — vote based on the recommendation of either of the two proxy advisory firms.

Persons: Nelson Peltz, Bob Iger, Peltz, Jay Rasulo, Iger, Trian, Maria Elena Lagomasino, Disney, Blackwells, Roy Disney, Jamie Dimon, George Lucas, Glass Lewis, Lewis, — CNBC's Rohan Goswami Organizations: Walt Disney, New York Stock Exchange, Services, Trian Fund Management, Disney, ISS, JPMorgan Chase, Disney's

☆ Trian's $25 million battle for Disney board seats could be Nelson Peltz's last fight as the most powerful activist investor on the market
▼ + stars: | 2024-03-20 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs Trian Partners — Nelson Peltz's hedge fund — wages a multimillion-dollar proxy war over two Disney board seats, some wonder whether this is the last big fight for the 81-year-old activist investor, The Wall Street Journal reported. The Journal spoke with roughly two dozen people familiar with Trian's leadership circle and internal workings for its report. Related storiesTrian has invested roughly $25 million in its battle for control over two Disney board seats in the election set for April 3. The hedge fund currently holds a 1.8% stake in Disney — roughly 32.3 million shares, worth $3.6 billion, per Variety.

Persons: —, — Nelson, Trian they'd, Matt, Trian, gunning, Bob Iger, Iger, Bob Chapek, Trian's, we're Organizations: Service, Disney, Street Journal, Pepsi, Heinz, Procter, Gamble, Business, GE, California State Teachers, New, Diesel, Blackwells, Iger, Bloomberg Locations: New York, Asia, Iger

☆ Disney paid ValueAct millions in fees before winning its support in proxy fight, activist says
▼ + stars: | 2024-03-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Blackwells Capital, which previously voiced support for Iger and Disney management, said ValueAct had been managing more than $350 million in Disney pension funds in a relationship stretching back to 2013. Blackwells has estimated that Disney paid a cumulative $95 million in fees to ValueAct from 2014 to 2022. Disney and Trian have been in the throes of a proxy fight since October, with the fight intensifying as Disney's annual shareholder meeting nears. Disney has repeatedly voiced its support for Iger and has highlighted that its directors have experience overseeing successful succession planning. Representatives for Disney, Blackwells and ValueAct did not respond to requests for comment outside of normal business hours.

Persons: Robert Iger, Blackwells, Mason Morfit, ValueAct, Bob Iger, Nelson Peltz's Trian, Trian, Bob Chapek, Peltz Organizations: Disney, Dolby Theatre, ValueAct Capital, Nelson Peltz's Trian Partners, Blackwells, Department of Labor Locations: Hollywood , California, Iger

☆ Disney shareholders could cash in as investors offer money for their votes amid a bruising proxy battle
▼ + stars: | 2024-03-05 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Read previewThe Disney proxy battle continues to heat up — and ordinary shareholders could cash in. Mom-and-pop investors are also being courted for their votes on a new marketplace called Shareholder Vote Alliance, which runs auctions for shareholders' proxy votes. Xu said Shareholder Vote Alliance doesn't reveal the names of the bidders but confirmed the bid is from a current shareholder. Shareholder Vote Alliance pitches itself as a way for everyday investors to generate income by monetizing their shareholder votes. Shareholder Vote Alliance closes its auctions a couple of days before shareholder votes.

Persons: —, Nelson Peltz's, Ike Perlmutter, Bob Iger, Trian, Blackwells, Donald Duck's, Ludwig Von Drake, Steven Xu, Xu, Blackwell didn't, There's, Iger, we've Organizations: Service, Fund Management, Disney, Blackwells, Business, Alliance, Street, Wall, ValueAct

☆ Here’s what major analysts are chattering about before Disney earnings
▼ + stars: | 2024-02-07 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Analysts are largely bullish on Walt Disney stock ahead of the media company's fiscal first-quarter earnings out Wednesday afternoon. But analysts are not sure about the effect of the move on Disney's share price just yet. Analysts are generally optimistic on Disney ahead of earnings, with some even thinking the stock is trading at a cheaper valuation than it should be. Disney remains Morgan Stanley's sole overweight media stock given the firm's bullish view on parks and streaming, analyst Benjamin Swinburne wrote in a Monday note. DIS 1Y mountain Disney stock.

Persons: Wells, Steven Cahall, Morgan Stanley's, Benjamin Swinburne, Swinburne, Jason Bazinet, Bazinet, Hugh Johnston, Disney, Blackwells, Nelson Peltz's Organizations: Walt Disney, Disney, Blackwells, ESPN, Fox, Warner Bros . Discovery, UBS, Big Tech, Citi, Hulu, DIS, Capital, Fund Management Locations: rebundling, Tuesday's, F1Q23

☆ Disney is set to report earnings after the bell. Here's what to expect
▼ + stars: | 2024-02-07 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

LOS ANGELES — The Walt Disney Company will report fiscal first-quarter results after the bell Wednesday as its board battles again with activist investor Nelson Peltz and Blackwells Capital. The media behemoth will also post earnings a day after it announced its sports network ESPN would partner with Fox and Warner Bros. Disney stock has climbed nearly 9% this year. Entertainment contains all of Disney's streaming and media operations, sports includes ESPN and experiences includes the company's theme parks, hotels, cruise line and merchandising efforts. Tune in: CNBC's Julia Boorstin is set to interview Disney CEO Bob Iger at 4:05 p.m.

Persons: Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Julia Boorstin Organizations: ANGELES, Walt Disney Company, Blackwells, ESPN, Fox, Warner Bros, Netflix, Disney, Star, Entertainment

☆ Wall Street loves Disney's kitchen-sink quarter, but Nelson Peltz says he isn't backing down
▼ + stars: | 2024-02-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC's Andrew Ross Sorkin on July 17, 2013 in New York. Are you not entertained, Nelson Peltz? Both Disney's higher profits, and string of content and partnership announcements, appeared to form a direct rebuttal to Peltz's concerns about the company. It was hard to keep up with Disney's announcements this quarter:ESPN finally set a launch date for its direct-to-consumer service: August or fall of 2025. It's only logical that the mountain of announcements came this quarter, given activist pressure from Trian and Blackwells Capital.

Persons: Nelson Peltz, CNBC's Andrew Ross Sorkin, Peltz, Jay Rasulo, Michael Froman, Maria Elena Lagomasino, Bob Iger, CNBC's Julia Boorstin, Iger, Boorstin, Taylor, Trian, Disney Organizations: Trian Fund Management, Disney, CNBC, ESPN, Epic Games, Warner Bros . Discovery, Fox, Blackwells, Disney Board Locations: New York, Trian

Disney's fiscal first-quarter earnings per share beat expectations and it said its full-year EPS will rise at least 20% from 2023. Iger also unveiled his strategy and timeline for bringing Disney's flagship sports network ESPN into the streaming era. AdvertisementThe company will launch a stand-alone streaming service with ESPN and its sister networks in the fall of 2025, something Iger called "inevitable." Even if there's consumer demand, the JV faces several hurdles, from challenges brought by existing distributors to antitrust opposition, LightShed Partners wrote in a note published ahead of Disney's earnings release. Challenges aside, the new sports streaming strategy is a big step forward for Iger and Disney.

Persons: —, Bob Iger's, Iger, Taylor Swift, Nelson Peltz, Bob Chapek's, Peltz's, Disney, Paul Verna, Alpha, LightShed, Iger didn't, Trian, Elon Musk, Gina Carano's, Iger's Organizations: Service, Disney, Epic Games, Peltz's Trian Fund Management, Blackwells, ValueAct, Business, Iger, Insider Intelligence, ESPN, Disney's, Fox, Warner Bros, JV, LightShed Partners, Marvel, CNBC Locations: Moana

☆ Wendy's taps PepsiCo exec Kirk Tanner as new CEO as burger chain fights off activist pressure
▼ + stars: | 2024-01-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Wendy's has tapped PepsiCo veteran Kirk Tanner as its new chief executive, effective Feb. 5, as the burger chain tries to boost its share price and ease pressure from activist investors. Kirk Tanner, chief executive officer of North America beverages for PepsiCo Inc., speaks during the Bloomberg Power Players Summit in Miami, Florida, U.S., on Friday, Jan. 31, 2020. Outgoing Wendy's CEO Todd Penegor has been at the helm of the company since 2016. Under his leadership, Wendy's successfully launched its breakfast menu nationwide, helping the company overtake Burger King as the second-largest U.S. burger chain by sales. But if Blackwells nominates its own board candidates, it's kicking off a fight with another activist investor: Nelson Peltz, who is chair of Wendy's board.

Persons: Tanner, Wendy's, Kirk Tanner, Todd Penegor, Burger, Blackwells, Nelson Peltz, Peltz, Trian, Ram Krishnan Organizations: Pepsi, PepsiCo, PepsiCo Inc, Bloomberg Power Players Summit, Reuters, Trian Fund Management, Disney Locations: Miami , Florida, North America, U.S, Wendy's

☆ Stocks making the biggest moves after hours: iRobot, Super Micro Computer, PPG Industries and more
▼ + stars: | 2024-01-18 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

The lower end of PPG's range for full-year earnings guidance was also well below what analysts called for. On the other hand, the company's earning and revenue for the fourth quarter of 2023 topped what analysts had anticipated. Super Micro Computer — Shares of the information technology firm gained 6% after Super Micro Computer reported preliminary second-quarter adjusted earnings of between $5.40 and $5.55 per share, higher than its previous guidance of between $4.40 to $4.88 per share. Super Micro also reported a preliminary revenue of between $3.6 billion to $3.65 billion, topping its prior guidance of $2.7 billion to $2.9 billion. The Wall Street Journal reported late Thursday that the European Union's antitrust watchdog anticipates blocking Amazon's acquisition of iRobot.

Persons: Hunt, Kirk Tanner, Todd Penegor, iRobot Organizations: PPG Industries, Micro Computer, Micro, Hunt Transport, LSEG, Wendy's, PepsiCo, Blackwells, Street Journal

☆ Exclusive: Activist investor Blackwells plans Wendy's board challenge -sources
▼ + stars: | 2023-12-01 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Blackwells, run by Jason Aintabi, plans to nominate several directors to Wendy's 12-member board, said the sources, who asked not to be identified discussing confidential deliberations. It made no mention of any plans to challenge the Wendy's board. Wendy's reported adjusted third-quarter earnings per share of 27 cents last month, beating analysts' average estimate of 25 cents. Yet it posted same-restaurant sales growth of 2.8% globally and 2.2% for the United States that were lower than a year ago. In third quarter of 2022, Wendy's had reported global same-restaurant sales growth of 6.9% and U.S. same-restaurant sales growth of 6.4%.

Persons: Burger, Mario Anzuoni, Wendy's, Jason Aintabi, Nelson Peltz, Peter May, Matthew Peltz, Blackwells, Trian, Bob Iger, Peltz, Matthew H, McDonald's, Aintabi, John Foley, Foley, Svea Herbst, Bayliss, Chizu Nomiyama, Kirsten Donovan Organizations: Trian Fund Management, Walt Disney Co, Disney, Restaurant, International Inc, Burger, Interactive, Svea, Thomson Locations: Monrovia , California, North America, Wendy's, Dublin , Ohio, New York, United States, Rhode Island

☆ Activist Investor Blackwells Pushes for New Directors at IHS
▼ + stars: | 2023-06-28 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: ihs

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