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Cisco Systems, Inc. (CSCO) Special Call June 18, 2013 11:30 a.m. ET Executives John Choi - Investor Relations Kelly Ahuja - Senior Vice President and General Manger, Mobility Business Group Analysts Brian Modoff - Deutsche Bank Vijay Bhagwat - Deutsche Bank Kip Clifton - Deutsche Bank Grady Burkett - Morningstar Presentation Operator Hello and welcome to today's Deutsche Bank Tech Talk. My name is Colin and I will be your web event specialist today. At the end of today's presentation we will have a question-and-answer session. You can submit questions at any time during the event. (Operator Instructions) It is now my pleasure to turn the webcast over to Mr. Brian Modoff with Deutsche Bank. Mr. Modoff, the floor is yours. Brian Modoff – Deutsche Bank Thank you, and welcome everyone to our monthly Tech Talk. This month we are pleased to have Cisco Systems with us. We have got

Molson Coors Brewing Company (TAP) June 18, 2013 2:00 pm ET Executives Gary Leibowitz - Senior Vice President of Investor Relations David Dunnewald - Vice President of Global Investor Relations Tom Long - Chief Executive Officer Andrew J. England - Chief Marketing Officer and Executive Vice President Thomas J. Cardella - President of Tenth and Blake Beer Company Ed McBrien - President of Sales and Distributor Operations Tracey Joubert - Chief Financial Officer Analysts John A. Faucher - JP Morgan Chase & Co, Research Division Bryan D. Spillane - BofA Merrill Lynch, Research Division Judy E. Hong - Goldman Sachs Group Inc., Research Division Vivien Azer - Citigroup Inc, Research Division Lauren Torres - HSBC, Research Division Robert E. Ottenstein - ISI Group Inc., Research Division Presentation Gary Leibowitz Okay. Welcome you all to the New York City to SABMiller's approximately 30th addition of the quarterly divisional seminar series. I'm

Today’s tickers: LZB, DD & PRLB LZB - La-Z-Boy, Inc. – Shares in furniture producer, La-Z-Boy, Inc., increased as much as 3.9% to $19.80 at the start of the session, the highest level since 2004, ahead of the company’s fourth-quarter earnings report after the closing bell today. Options volume is up ahead of the report, with roughly 400 contracts in play this afternoon versus average daily volume of around 80 contracts. Trading in La-Z-Boy call options is outpacing puts, with the call/put ratio up above 4.3 as of the time of this writing. Some traders appear to be positioning for shares in LZB to rally post-earnings, purchasing out-of-the-money call options expiring in June and July. Front month call buyers looked to the Jun $22.5 strike, purchasing around 50 lots at an average premium of $0.14 each, and the $25 strike calls, picking up 40 contracts at an average premium of $0.18 apiece. The Jun $20 strike calls attracted volume during Monday’s session, as well. Time and sales data suggests one trader likely purchased 100 of the $20 calls for a premium of $0.55 apiece yesterday morning. The bullish bet pays off at expiration as long as shares in LZB settle above the effective breakeven price of $20.55. DD - E.I. du Pont de Nemours & Co. – Call options changing hands on DuPont in the early going on Tuesday suggest one trader is positioning for shares in the name to potentially rise to the highest level since 2000 during the next seven months. Shares in DuPont are up 0.20% on the session at $53.80 just before midday in New York. It looks like the strategist purchased a roughly 2,600-lot Jan 2014 $57.5/$62.5 call spread for an average net premium of $1.07 per contract. The bullish position starts making money if shares in DuPont rally 9.0% over the current price of $53.80 to exceed the average breakeven point at $58.57, with maximum potential profits of $3.93 per contract available on the spread should shares surge 16% to $62.50 by January…

Unemployment is well above the Fed's economic target, and inflation is low and falling. So why is there even talk of the Fed slowing down QE (popularly called tapering)? Citi's foreign exchange expert Steven Englander explains the real motivation: a desire to curb speculation. Englander explains that in addition to economic improvement, this is the Fed's big worry. I would add concern that balance sheet expansion is generating returns driven by pure risk, rather than top line gains. The evidence: strong outperformance of dividend versus growth and NASDAQ stocks in the first four months of 2013, the bidding up of low quality EM debt markets, the boom in non-investment grade debt and the exponential improvement even in the worst hit US equity markets. Putting together Bernanke testimony and WSJ, FT and Market News stories, we have a Fed that sees tapering as a priority even in an economy that creates less than 200k jobs per month. However, it still seems intent on using communications strategy to talk rates down even while pulling liquidity - hence the emphasis on possible two-way QE moves and ultra-low rates for an extended period. The Fed may be trying to promise low long-term rates for an extended period so that the it keeps the perceived benefits of low rates for activity while unwinding froth. The implied commitment to investors is that the heat in the lobster pot will be turned up so slowly they will not even notice that they are being cooked. For more on tomorrow's big Fed announcement, see a preview here.Join the conversation about this story »

Adobe Systems (ADBE) Q2 2013 Earnings Call June 18, 2013 5:00 pm ET Executives Mike Saviage - Vice President of Investor Relations Shantanu Narayen - Chief Executive Officer, President and Director Mark S. Garrett - Chief Financial Officer and Executive Vice President Analysts Brad A. Zelnick - Macquarie Research Peter L. Goldmacher - Cowen and Company, LLC, Research Division Walter H. Pritchard - Citigroup Inc, Research Division Brent Thill - UBS Investment Bank, Research Division Jennifer Swanson Lowe - Morgan Stanley, Research Division Steven M. Ashley - Robert W. Baird & Co. Incorporated, Research Division Ross MacMillan - Jefferies & Company, Inc., Research Division Kash G. Rangan - BofA Merrill Lynch, Research Division Robert P. Breza - RBC Capital Markets, LLC, Research Division Mark L. Moerdler - Sanford C. Bernstein & Co., LLC., Research Division Brendan Barnicle - Pacific Crest Securities, Inc., Research Division Jay Vleeschhouwer - Griffin Securities, Inc.,

At 7:30 AM ET on Wednesday, FedEx will release its fiscal Q4 financial results. Analysts are expecting the package delivery company to announce earnings of $1.95 per share, down from $1.99 per share a year ago. FedEx ships a broad array of goods, and it has footholds all over the world. As such, the company is widely considered to be a reliable bellwether of global economic activity. So, you can bet that FedEx's investors won't be the only ones following this announcement. Citi's Christian Wetherbee notes that air freight data from some of FedEx's major overseas hubs are showing growth, but slowing growth. "The air cargo terminals at Hong Kong, Shanghai, and Frankfurt collectively posted 0.9% YoY growth in F4Q (Mar- May), a deceleration from 2.2% growth posted in F3Q (Dec-Feb)," said Wetherbee who believes the company will likely announce capacity cuts overseas. However, he also expects the company to benefit from falling jet fuel prices. Wetherbee has a Buy rating on the stock with a $114/share price target.SEE ALSO: Your Ultimate Preview For The Most Anticipated Fed Announcement In A Long Time Join the conversation about this story »

Netflix (NASDAQ:NFLX): Netflix has announced the launch of Netflix Families in the United Kingdom, with family summer entertainment as its target. The new service will fill the Netflix queues with trusted recommendations of popular family TV shows and movies, information on the best ways to stream, and videos about how other families use Netflix. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! News Corp. (NASDAQ:NWSA): A former stunt double for Angelina Jolie has sued News Corp. over phone hacking allegations. Eunice Huthart sued the company, and its subsidiary News International, saying that it gave orders to hack her phone in efforts to seek information about Jolie. Huthart claims Jolie told her several times she had called her and left messages, and that she did not receive them because they had already been listened to, among numerous other claims. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! AOL (NYSE:AOL): AOL’s Patch program has been beaten and abused, but now appears to be turning itself around, and towards profitability. The company’s take on local news has been a money pit historically, is facing its maker this year, at least according to Macquarie’s Benjamin Schachter. “Investors have been frustrated for a long time,” said Schachter, who has a neutral rating on AOL. “If they don’t get to profitability, they’ll probably cut it. It’s going to be a challenge.” NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Don’t Miss: Does the Movie “Syrup” Mirror Today’s Business World? Read the original article from Wall St. Cheat Sheet

FelCor Lodging Trust Incorporated (FCH) Analyst Day Call June 18, 2013 09:00 ET Executives Steve Schafer - Vice President, Strategic Planning Rick Smith - President and Chief Executive Officer Michael Hughes - Chief Financial Officer Troy Pentecost - Executive Vice President and Chief Operating Officer Erik Nylen - Senior Vice President, Development Presentation Steve Schafer - Vice President, Strategic Planning Alright. Good morning everybody. Welcome. I think we have a few more people coming from in town, but we will go ahead and get started. So, I am Steve Schafer, Vice President for FelCor. We are very excited to host you today for our first Analyst Day with this management team. Also I want to welcome everyone to the webcast. We have been visiting with investors on numerous road shows over the past year, year and a half. You will see much of that same presentation today, but we will

The special committee should reject Murdock's offer of $12.00/share. Dole has previously highlighted $500mm ($5.56/share) of non-core assets, and there have been three consecutive weak years in the core banana business. 46% of Murdock's takeout price consists of things that can be sold without affecting the earnings prospects of the core business in any way. The key question for Dole following the divestiture of its Asia segment has been whether a private owner or the public markets should preside over the disposition and related cash distribution of this $5.56/share.The company announced a planned buyback of $175mm on 5/9/13 with proceeds from the sale of land in Hawaii, and so it seemed that a big part of the overriding non-core asset question had been answered. Then, three weeks later on 5/28/13, Dole cancelled the buyback in favor of purchasing ships. Concurrent with the cancellation of the buyback was news that

Even though Samsung (SSNLF.PK), a tough Apple (NASDAQ:AAPL) competitor, has been hit with a wave of analyst downgrades throughout June, shares of the iPhone maker have not made up any lost territory. So far this month, the stock has lost 0.34 percent of its value. Negative movement on the stock chart has generally been the path that shares have followed since hitting an all-time high last September. In keeping with that trend, shares closed down $0.23, or 0.05 percent, at $431.77. Here’s a cheat sheet to today’s top Apple stories: Is Apple now a once-in-a-decade buying opportunity? Click here to get your 24-page Ultimate Cheat Sheet to Apple’s Stock now! Is Samsung Not the Apple Rival It’s Billed As? Sales estimates for Samsung’s Galaxy S4 were slashed by as much as 30 percent last week, spawning investor concerns over the company’s mobile devices division. Analysts now admit to making extremely optimistic forecasts for sales of the S4, citing industry data pointing to a fast-saturated smartphone market that they previously ignored. The first company to cut its outlook for S4 sales, on June 5, was South Korea’s Woori Investment & Securities. They were far from the last… (Read more.) E-Book Drama: Did Amazon Muddle Evidence Against Apple? An antitrust case over the pricing and contracts of e-books is underway in a Manhattan courtroom. Involved are two of the biggest Internet companies: Apple and Amazon (NASDAQ:AMZN).The controversy started around the time when Apple introduced its iPad and opened an e-bookstore. Shortly thereafter, according to The New York Times, Amazon changed the way it sold digital titles to a model called “agency pricing”: one that allows publishers, not the retailer (in this case, Amazon) to set the price of the books… (Read more.) The case the U.S. Department of Justice is trying to make states that publishers were unhappy with Amazon’s uniform price of $9.99 for e-books, because they wanted to raise the price on new releases and bestsellers. The Justice Department believes Apple conspired with five big publishing companies by opening up an e-bookstore to force Amazon to switch to agency pricing, thus allowing publishing companies to price bestsellers at, say, $20 instead of the typical $9.99. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Are Google, Apple, and Samsung Focused on the Wrong Goals? With all the smartphone competition between Google’s (NASDAQ:GOOG) Android, Apple’s iPhone, and Samsung’s Galaxy, there has been a lot of innovation to impress consumers across the globe. However, long-time venture capitalist and Elevation Partners founder Roger McNamee was interviewed on Bloomberg Television discussing how he is unimpressed with what smartphone companies have done of late. He likened the three tech giants to “keystone cops,” running around chasing the wrong objectives and missing the most important element — service to their existing customers. Although Barron’s reports that the primary target of McNamee’s ire was Apple, both Google and Samsung received criticism as well… (Read more.) Follow Meghan on Twitter @MFoley_WSCS Don’t Miss: Can Little-Known Huawei Challenge Apple & Friends? Read the original article from Wall St. Cheat Sheet