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Daily Archives: June 5, 2007

Telik (TELK): New Drug Don’t Work

Posted: June 5, 2007 at 8:41 am

Telik (TELK), biopharmaceutical company, is off almost 25% today on news that the FDA has stopped research on its ovarian cancer drug Telcyta.Stating the obvious, Wachovia said: "Anticipating significant shareholder ...
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Goldman Sachs Research Summary (June 5, 2007)

Posted: June 5, 2007 at 7:39 am

Bed Bath & Beyond (BBBY) downgraded from Buy to Neutral.Earnings estimates Raised: Aracruz Celulose S.A. (ARA), Sappi Ltd. (SPP), Celanese (CE).  Earnings estimates Cut: XTO Energy (XTO).Weyerhaeueser (WY) was pretty ...
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Pre-Market Stock News (June 5, 2007)

Posted: June 5, 2007 at 7:04 am

(ADSK) Autodesk filed its financial statements and will take $34.8 million charges over the review period for its stock options.(AMGN) Amgen paid 4420 to acquire Ilypsa, a private biotech with ...
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Pre-Market Analyst Calls (June 5, 2007)

Posted: June 5, 2007 at 6:37 am

AAP raised to Neutral at JPMorgan.ALDN cut to Mkt Perform at FBR.ALY started as Outperform at Wachovia.BEBE cut to Mkt Perform at FBR.BEN cut to Underweight at JPMorgan.BHP raised to ...
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IACI’s Ask.com Launches New Search Service

Posted: June 5, 2007 at 6:30 am

IAC/Interactive (IACI) has introduced a new version of its Ask.com search engine, Ask 3D. Aside from normal search results covering web links for a subject, the website brings back links ...
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Sony (SNE): High Def At A Discount

Posted: June 5, 2007 at 6:03 am

Dropping prices on products before they ship is generally not a sign of strength. But, Sony (SNE) is cutting the retail cost of its new Blu-Ray high def DVD player ...
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Intel (INTC) And AMD (AMD) Both Claim Next Few Quarters Will Be Good

Posted: June 5, 2007 at 5:49 am

AMD (AMD) believes that its market share will begin to pick up in the second half. "Sometime in 2007 you'll see us resume a more robust market share. You'll see ...
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Europe Markets 6/5/2007

Posted: June 5, 2007 at 5:38 am

Markets in Europe were up slightly at 6.40 AM New York time.The FTSE was up .3% to 6,682. Barclays (BCS) was up 1.1% to 740.5. Vodafone (VOD) was up .7% ...
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Microsoft (MSFT) Goes After Google (GOOG) In Search?

Posted: June 5, 2007 at 5:28 am

Microsoft (MSFT) currently only has about 10% of the search market in the US. Google (GOOG) has closer to 50%.Perhaps Microsoft is not going to take all of this anymore ...
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Comcast (CMCSA) VOD Could Cripple BlockBuster (BBI) And Netflix (NFLX)

Posted: June 5, 2007 at 4:58 am

Comcast (CMCSA) has been conducting a test with the Warner studio, releasing VOD versions of movies at the same time that the DVDs come out. Apparently, the tests have been ...
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Amazon’s (AMZN) Slow Boat To China

Posted: June 5, 2007 at 4:37 am

Amazon (AMZN) will have to do more and more to justify its share price which is up 80% this year. So, the company's CEO, Jeff Bezos, is going to rachet ...
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Media Digest 6/5/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: June 5, 2007 at 3:22 am

According to Reuters, Avaya (AV) will be purchased by private equity firms TPG Capital and Silver Lake for $8.2 billion Reuters writes that GE (GE) is looking at buying financial ...
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Asia Markets 6/5/2007 Shanghai Recovers

Posted: June 5, 2007 at 2:51 am

Markets in Asia were up.The Nikkei rose .5% to 18,054. Izuzu Motors rose 6.6% to 645. Docomo (DCM) fell 1% to 202000. Softbank rose 3.3% to 2750. Toyota (TM) rose ...
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Avaya (AV): Gone But Not Forgotten

Posted: June 5, 2007 at 2:40 am

As was expected, Avaya (AV), the spawn of such once-great companies as AT&T Bell Labs and Lucent will be taken private by private equity firms TPG Capital and Silver Lake ...
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If Bed Bath & Beyond is Warning, Who’s Next? (BBBY)

Posted: June 5, 2007 at 12:37 am

Bed Bath & Beyonds (BBBY-NASDAQ) is apparently feeling the same consumer pinch as elsewhere, it guided $0.36-0.38 EPS versus $0.39 estimates and guided same-store-sales for the quarter down to up ...
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