IAC/InterActive (IACI)
We just wanted to share some news regarding IACI. First, UBS reiterated its 'buy' rating and upped its price target on IACI to $58/sh from $55/sh. As a reminder, we increased our valuation of the Company to $54/sh from $52/sh.
In addition, some comments made about Aereo (a small technology company, owned by IACI, that distributes TV network content over the Internet for very low prices) by Time Warner Cable's (TWC) CEO got our attention, and we view it as positive for Aereo and IACI. The story was posted on The Washington Post this afternoon. One of his comments is provided below, along with a link to the full story.
-- “What Aereo is doing to bring broadcast signals to its customers is interesting,” Time Warner Cable chief executive Glenn Britt said in an interview with The Washington Post. “If it is found legal, we could conceivably use similar technology.” -- Time Warner CEO says company may consider Aereo-like streaming service.
After moving up more than 4% earlier this week (and being up more than 17% since late Jan.), IACI gave some of it back today, closing down by approx. 1%.
Blucora (BCOR)
Lastly, regarding BCOR Q1 earnings, the Company beat the Street estimates and provided pretty good Q2 guidance. We will provide more detail later today. BCOR is up more than 12% in AH trading.
We just wanted to share some news regarding IACI. First, UBS reiterated its 'buy' rating and upped its price target on IACI to $58/sh from $55/sh. As a reminder, we increased our valuation of the Company to $54/sh from $52/sh.
In addition, some comments made about Aereo (a small technology company, owned by IACI, that distributes TV network content over the Internet for very low prices) by Time Warner Cable's (TWC) CEO got our attention, and we view it as positive for Aereo and IACI. The story was posted on The Washington Post this afternoon. One of his comments is provided below, along with a link to the full story.
-- “What Aereo is doing to bring broadcast signals to its customers is interesting,” Time Warner Cable chief executive Glenn Britt said in an interview with The Washington Post. “If it is found legal, we could conceivably use similar technology.” -- Time Warner CEO says company may consider Aereo-like streaming service.
After moving up more than 4% earlier this week (and being up more than 17% since late Jan.), IACI gave some of it back today, closing down by approx. 1%.
Blucora (BCOR)
Lastly, regarding BCOR Q1 earnings, the Company beat the Street estimates and provided pretty good Q2 guidance. We will provide more detail later today. BCOR is up more than 12% in AH trading.
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