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Daily Archives: February 20, 2007

Sirius Still Trades Near Two Year Low

Posted: February 20, 2007 at 10:39 am

Herb Greenberg over a MarketWatch has an interesting theory. The XM (XMSR) merger with Sirius (SIRI) may be a move of desperation given the large number of competitors in the ...
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KBW Exceeds Our Own 2007 Price Targets; What To Do Now?

Posted: February 20, 2007 at 10:14 am

KBW Inc. (KBW-NYSE) this morning has done some of what we had been expecting, although now it feels perhaps above and beyond expectations.  The company beat earnings $0.88 basic EPS ...
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Will The FCC Create A Competitor For The New Sirius/XM?

Posted: February 20, 2007 at 10:09 am

Consumer advocates will be all over the FCC on the XM (XMSR) merger with Sirius (SIRI). The case will be that the merged company will raise rates from about $13 ...
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A Week Without China

Posted: February 20, 2007 at 9:30 am

For those worried about Chinese debt buying, a Chinese equity bubble, trade deficits, current account deficits, and the like this is at least a week to put that aside.  This ...
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E*Trade Decides To Span The Globe

Posted: February 20, 2007 at 7:27 am

E*Trade announced that it will allow its customers to trade on the Toronto Stock Exchange, the Tokyo Stock Exchange, Euronext Paris, the Hong Kong Stock Exchange and the London Stock ...
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Home Depot Earnings: Not A Growth Company Any More

Posted: February 20, 2007 at 6:55 am

Home Depot's (HD) sales only rose 4% in the most recent quarter, to $20.27 billion. And same-store sales for the period fell 6.6%. EPS fell from $.60 to $.50. Operating ...
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Wal-Mart Earnings: Not A Growth Company

Posted: February 20, 2007 at 6:50 am

Wal-Mart reported its latest quarter today. Earnings rose 9% to $3.94 billion. Revenue was up 11% to $98 billion. The company is relying more and more on international sales, which ...
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YouTube Faces Some (Real) Competition

Posted: February 20, 2007 at 5:47 am

The number of video-sharing sites seems to rise every day. MySpace (NWS) has gotten on board. So has photo site Photobucket. But Google's YouTube (GOOG) remains the largest.And, several large ...
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IRS Wants EBay To Turn On Its Customers

Posted: February 20, 2007 at 5:35 am

Perhaps the budget deficit is getting too large. The IRS is trying to get Ebay (EBAY) to turn over records on its customers, especially the larger ones, so that the ...
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Europe Markets 2/20/2006 DaimlerChrysler Down

Posted: February 20, 2007 at 5:28 am

Stocks: (BCS)(BP)(BT)(GSK)(PUK)(RTRSY)(UN)(VOD)(BAY)(DCX)(DB)(DT)(SAP)(SI)(ALU)(AXA)(FTE)(STM)(V)Markets in Europe were flat to slightly down 5.25 AM New York time.The FTSE was even with yesterday's close at 6,444. Barclays was up .2% to 783. BP was ...
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Is Palm For Sale?

Posted: February 20, 2007 at 5:11 am

Engadget is hearing rumbles the Palm (PALM) may be for sale. The argument is that the Treo, one of Palm's key products is doing OK in the US but not ...
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Media Digest 2/20/2007 Reuters, WSJ, NYTimes, Barron’s, FT

Posted: February 20, 2007 at 5:00 am

According to Reuters, Sirius (SIRI) will by XM (XMSR) for $4.6 billion in stock.Reuters writes that EMI Music has been approached by Warner Music (WMG) about a possible merger or ...
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Asia Markets 2/20/2007 KDDI, Docomo Up

Posted: February 20, 2007 at 4:43 am

Stocks:  (CAJ)(FUJ)(HIT)(HMC)(NIPNY)NTT)(DCM)(SNE)(TM)Most markets in Asia were closed for holidays and the Nikkei was flat.The Nikkei stood at 17,939. Bridgestone was down .6% to 2565. Canon was down .2% to 6620. ...
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Wireless Exec Pans iPhone

Posted: February 20, 2007 at 4:20 am

Telstra owns the wireless business in Australia.Since the Apple (AAPL) iPhone may not make it to that market for years, the management at the company does not have much of ...
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If Oil Gets Much Harder To Find, How Can It Stay Below $100?

Posted: February 20, 2007 at 4:19 am

The consultants at Wood Mackenzie say that finding new supplies of oil fifteen years from now will be much more expensive and will also require means more likely to harm ...
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