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Daily Archives: June 18, 2007

Finish Line Acquires Genesco; Too Much Diversity? (GCO, FINL)

Posted: June 18, 2007 at 7:26 am

It is always a bit puzzling when you see a $600 million company make an acquisition of a company for $1.5 Billion.  This morning, Finish Line (FINL-NASDAQ) has announced that ...
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Pre-Market Stock News (June 18, 2007)

Posted: June 18, 2007 at 6:53 am

(AA) An ALCOA bid from BHP may be kindled according to numerous M&A reports.(ADVNA) Advanta trades ex-split to reflect a 3-2 stock split.(AGU) Agrium said earnings will be at or ...
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Earlybird Analyst Calls (June 18, 2007)

Posted: June 18, 2007 at 6:23 am

ADP started as Sector Perform at CIBC.ANDW cut to Neutral at B of A.ASN cut to Sector Perform at RBC.CKFR raised to Outperform at CIBC.CPS cut to Sector Perform at ...
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Europe Markets 6/18/2007

Posted: June 18, 2007 at 5:49 am

Europe markets were mixed at 6.45 AM New York time.The FTSE fell .1% to 6,728. Barclays (BCS) was up 1.1% to 749. British Airways (BAB) was up 1.5% to 446. ...
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Big Business and Unions Try To Kill Quarterly Guidance

Posted: June 18, 2007 at 5:29 am

With the aid of the Aspen Institute, a number of large corporations and unions are trying to get big American companies to kill the institution of issuing quarterly guidance. Backers ...
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Blockbuster (BBI) Gives Sony (SNE) A Leg Up

Posted: June 18, 2007 at 5:10 am

Blockbuster (BBI) has decided to only offer Blu-ray DVDs in most of its stores. Blu-ray is one of two rival formats for delivering high-definition movies.Its biggest proponent is Sony (SNE) ...
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Nokia (NOK) And Apple (AAPL) Put Squeeze On Motorola (MOT)

Posted: June 18, 2007 at 4:38 am

Nokia (NOK) has just introduced three new handsets. They are aimed at the mid-priced level of phones which run $200 to $330. The company already has strength in its product ...
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Will Apple (AAPL) iPhone Get In Sprint’s Face?

Posted: June 18, 2007 at 4:22 am

According to a recent survey, the company most likely to be hurt by AT&T's (T) launch of the Apple (AAPL) iPhone is Sprint (S). Sprint tends to have more high-end ...
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Lexicon Pharmaceuticals: Back From The Depths With New Investors (LXRX)

Posted: June 18, 2007 at 3:31 am

Lexicon Pharmaceuticals, Inc. (LXRX-NASDAQ) is a biotech company that many have not heard of, and those who do know it may have a painful history from it.  Anyone who got ...
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Media Digest 6/18/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: June 18, 2007 at 3:15 am

According to Reuters, US Airways (LCC) order 22 A350s from Airbus.Reuters writes that Microsoft (MSFT) has bought a minority interest in a Chinese TV maker.Reuters reports that Nokia (NOK) will ...
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Asia Markets 6/18/2007 Shanghai Up 2.8%

Posted: June 18, 2007 at 2:51 am

Markets in Asia rallied. The Nikkei rose 1% to 18,150. KDDI fell 1.3% to 954000. Softbank rose 2.2% to 2825. Sony (SNE) rose .8% to 6710. Toyota (TM) rose.5% to ...
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Crocs: Insider Sales Taking Profits (CROX)

Posted: June 18, 2007 at 2:05 am

It is always interesting seeing option and share sale activity of company executives and insiders, particularly ahead of a stock split and particularly if your employee shares and options are ...
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An End to Quarterly Guidance? A Horrible Idea…

Posted: June 18, 2007 at 12:40 am

The Financial Times has an article outlining a growing movement in corporate America for the end to quarterly guidance.  The argument is that it will curtail the influence of short-term ...
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