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Daily Archives: May 21, 2007

General Electric Finally Unloads Plastics Unit

Posted: May 21, 2007 at 7:49 am

General Electric (GE-NYSE) has confirmed that it is selling its plastics unit to Saudi Basic Industries Corporation ("SABIC").  The proceeds will be valued at $11.6 Billion in cash plus the ...
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Full Research Summary (MAY 21, 2007)

Posted: May 21, 2007 at 7:07 am

AMGN reitr Neutral at Baird.AQNT cut to Hold at Kaufman.ARS started as Buy at UBS.CAT reiterated Neutral at Baird.CFC cut to Mkt Perform at FBR.CI cut to Neutral at Prudential.CLB ...
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Dendreon’s New Double-Twist

Posted: May 21, 2007 at 6:53 am

Dendreon (DNDN-NASDAQ) has an interesting twist this morning because of two issues.  Yesterday it announced some new study data on PROVENGE at The American Urological Association on Sunday.  The company's ...
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Pre-Market Stock News (May 21, 2007)

Posted: May 21, 2007 at 6:37 am

(ASD) American Standard is reaffirming guidance.(AT) Alltel agreed to a $27.5 Billion buyout offer, or $71.50 per share.(CATT) Catapult believes it will miss its earnings estimates for the quarter.(CRM) Salesforce.com ...
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Earlybird Analyst Calls (May 21, 2007)

Posted: May 21, 2007 at 6:18 am

AMGN reitr Neutral at Baird.CAT reiterated Neutral at Baird.CFC cut to Mkt Perform at FBR.CSE cut to Mkt Perform at FBR.HOLX raised to Buy at B of A.NILE cut to ...
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Lowe’s (LOW) Gains Market Share

Posted: May 21, 2007 at 6:15 am

Lowe's (LOW) earnings were nothing special, but with the housing market in trouble that is not a surprise.Revenue rose slightly in the last quarter to $12.2 billion. Net fell to ...
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Pfizer’s Management Changes Are Window Dressing

Posted: May 21, 2007 at 5:32 am

Pfizer's (PFE) new CEO Jeffrey Kindler is dumping his head of research and his CFO. According to The Wall Street Journal, the company's logic is that it needs a CFO ...
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Sirius (SIRI): Will Clear Channel Make Things Worse?

Posted: May 21, 2007 at 5:07 am

Clear Channel (CCU), the over-the-air radio giant, will begin offering a service that allows cellphone users to text song requests to radio stations. According to The Wall Street Journal: "Listeners ...
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Europe Markets 5/21/2007

Posted: May 21, 2007 at 4:54 am

Markets in Europe were mixed at 5.50 AM New York time.The FTSE was up .2% to 6,654. BP (BP) was up 1.1% to 588.5. Prudential (PUK) was down .5% to ...
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Media Digest 5/21/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: May 21, 2007 at 4:12 am

According to Reuters, TPG Capital and the buyout arm of Goldman Sachs will pay over $25 billion to take Alltel (AT) private.Reuters writes that the Chinese government will take a ...
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Asia Markets 5/21/2006, Shanghai Up Again

Posted: May 21, 2007 at 3:55 am

Asia markets rose. The Nikkei was up .9% to 17,557. NTT Docomo (DCM) was up 1.9% to 213000. Sony  (SNE) was up 4% to 6840. Toyota (TM) was down .3% ...
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Salesforce.com (CRM) And Google May Go After Microsoft

Posted: May 21, 2007 at 3:42 am

Salesforce.com (CRM) is not a very large company compared to Google (GOOG) and Microsoft (MSFT), but it does have a presence is one of the fastest growing segments of the ...
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Alltel (AT) Buyout: Too Small A Premium

Posted: May 21, 2007 at 3:16 am

TPG Capital and a division of Goldman Sachs are paying $71.50 a share for telecommunications company Alltel (AT). The deal, valued at $27.5 billion is a 10% premium over the ...
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