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Daily Archives: May 10, 2007

Falling Corn Will Boost Ethanol Producers

Posted: May 10, 2007 at 9:34 am

Corn prices have fallen 25% since their early March highs and the weather the past two weeks has lead to a surge in planting with up to 40% increases in ...
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Vonage’s “Patent Workaround”

Posted: May 10, 2007 at 9:12 am

Vonage Holdings (VG-NYSE) earnings came out shortly before the open and the good news is that the bleeding wasn't any worse on a look-back to March 31.  The main crux ...
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Do Vonage’s Earnings Even Matter Today?

Posted: May 10, 2007 at 8:21 am

Vonage Holdings (VG-NYSE) reports earnings today.  Estimates are for -$0.42 EPS and $195.35M revenues.  The issue today is that the earnings just don't matter.  Only someone named Pangloss would be ...
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Goldman Sachs Research Summary (May 10, 2007)

Posted: May 10, 2007 at 7:52 am

Goldman Sachs has raised estimates on the following: NVR (NVR), SAVVIS (SVVS), United Auto Group (UAG), News Corp (NWS), Multimedia Games (MGAM), NPS Pharma (NPSP), Stereotaxis (STXS), Trimeris (TRMS), Charles ...
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Pre-Market Stock News (May 10, 2007)

Posted: May 10, 2007 at 7:07 am

(AAPL) Apple hosts shareholder meeting.(ANN) Ann Taylor s-s-s -12.8% vs -4% estimate.(ARXT) Adams Respiratory $0.08 EPS vs $0.04e.(ATPG) ATP Oil & Gas $0.89 EPS vs $0.65e.(BSTE) Biosite confirms that it ...
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Wal-Mart Same-Store Disaster

Posted: May 10, 2007 at 7:00 am

Wal-Mart (WMT) same store sales fell 3.5% for April. And, sales at the flagship Wal-Mart stores which exclued Sam's Club were down 4.6%.  Estimates were -1.1% for April.  The company ...
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Viacom And CBS Put Money Into Joost

Posted: May 10, 2007 at 6:55 am

Joost is the new online TV network based on file sharing tech. It was started by the founder of Skype.The start-up has just raised $45 million, and its is interesting ...
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Pre-Market Research Summary (May 10, 2007)

Posted: May 10, 2007 at 6:39 am

ALTR started as Hold at Deutsche Bank.ATW cut to Hold at Jefferies.B raised to Outperform at Baird.CACH cut to Mkt Perform at Piper Jaffray.DNDN cut to Sell at B of ...
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Viacom Net Falls Apart

Posted: May 10, 2007 at 6:16 am

Net income at Viacom (VIA) fell 36% last quarter to $203 million. Revenue rose 16% to over $2.7 billion. The company tood a $56 million restructuring charge.Revenue at the company's ...
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Yahoo! And Microsoft Negotiate In Plain Sight

Posted: May 10, 2007 at 6:00 am

According to MarketWatch, Terry Semel, Yahoo!'s (YHOO) CEO, spent most of a recent presentation talking about the common interests of his company and Microsoft (MSFT). Semel described why the companies ...
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Europe Markets 5/10/2007

Posted: May 10, 2007 at 5:45 am

Markets in Europe were off slightly at 6.35 AM New York time.The FTSE fell .2% to 6,539. Barclays (BCS) was down .2% to 716.5. GlaxoSmithKline (GSK) was down .8% to ...
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The Chinese Stock Market Fiction

Posted: May 10, 2007 at 5:16 am

The FT has written that the value of all stocks traded on exchanges on the Chinese mainland has gone above the figure of all other exchanges in Asia combined. The ...
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Does DirecTV’s Success Hurt Cable And Telecom

Posted: May 10, 2007 at 5:00 am

DirecTV (DTV) had a whale of a quarter. Profits were up 43% to $336 million. Revenue rose 15% ot $3.91 billion. Gross subscription increases rose to 929,000 and the company ...
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News Corp Growth Has Soft Foundation

Posted: May 10, 2007 at 4:43 am

News Corp (NWS) reported increases in both revenue and net in the last quarter. Net income hit $871 million, up from $820 million in the quarter a year ago. Revenue ...
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Toyota’s Flat Tire

Posted: May 10, 2007 at 4:28 am

Toyota (TM) has a little bad news for once. In its last reported quarter. Operating profit fell 3%. The world's largest (or second largest, depending on who is counting) car ...
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