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Daily Archives: July 2, 2007

Rival Movie Gallery (MOVI) Falls Apart As Blockbuster (BBI) Gets New CEO

Posted: July 2, 2007 at 4:26 pm

The day started well enough for the bricks-and-mortar movie rental companies. Blockbuster (BBI) hired a new CEO and its shares jumped 3.5% to $4.46, but still down from over $9 ...
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The 52-Week Low Club

Posted: July 2, 2007 at 3:45 pm

Lennar (LEN), Hovnanian (HOV), and Beazer Homes (BZH). Forget the stock price. Each has lost about 50% of its market value of the last year.Journal Register (JRC) Newspaper chain. Down ...
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Blockbuster (BBI): Close All The Stores

Posted: July 2, 2007 at 3:07 pm

Start with this. Blockbuster (BBI) has $2.4 billion in rent due from now until its last current store lease expires. Of its 5,194 stores, 939 were operated through franchisees. Blockbuster ...
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The Share Price Humiliation Continues At The New York Times (NYT)

Posted: July 2, 2007 at 11:47 am

Goldman Sachs made about as brutal a call as it could have on The New York Times Company (NYT). It added it to its American Investments Sell List. The price ...
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OGE Corp: Unloading OGE Enogex, Its MLP, In An IPO (OGE, OGP)

Posted: July 2, 2007 at 10:40 am

A subsidiary of OGE Corp (NYSE:OGE), OGE Enogex Partners L.P., has filed registration papers with the SEC for an IPO of 7.5 million common units in a master limited partnership ...
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Limelight (LLNW): Cowen Wears The Dunce Cap

Posted: July 2, 2007 at 9:04 am

Last week Cowen & Co. released a note on Limelight Networks (LLNW), a recent IPO in the content delivery industry, quoting UCLA law professor and patent expert Doug Lichtman. Lichtman ...
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Local.com (LOCM): A Little Blackmail With Your Patent?

Posted: July 2, 2007 at 8:42 am

Local.com (LOCM) received a couple of patents that would appear to be pretty valuable. The first patent number 7,231,405 is for the process of indexing and retrieving web-related information by ...
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IPO FILING: Och-Ziff, A Hedge Fund Manager

Posted: July 2, 2007 at 8:35 am

OCH-ZIFF CAPITAL MANAGEMENT GROUP LLC, a hedge fund manager with some $26.8 Billion in assets under management from more than 700 institutional investor clients, has filed to come public via ...
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Apple (AAPL) iPhone’s Big Profit Margin

Posted: July 2, 2007 at 8:18 am

According to BusinessWeek, Apple (AAPL) sells its iPhone for $499 to $599, but the handset only costs $200 to $220 to make. The figures are from research firm Portelligent. While ...
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Pre-Market Research And News 7/2/2007

Posted: July 2, 2007 at 7:48 am

Wachovia says that it believes shares in Echostar (DISH) will go higher.Bloomberg writes that Apple (AAPL) sold 500,000 iPhones, more than most estimates.Stifel says that concerns about Q3 numbers make ...
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Morning Research Calls 7/2/2007

Posted: July 2, 2007 at 7:40 am

SIA says that May semiconductor sales rose 2.4% from the same month last year.Piper Jaffray upgrades Packeteer (PKTR)Lehman starts Take Two (TTWO) at UnderweightCredit Suisse reaffrims Outperform on Staples (SPLS).Friedman ...
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Pre-Market Stock News (July 2, 2007)

Posted: July 2, 2007 at 7:37 am

(BCE) BCE reaches definitive agreement to be acquired by Teachers Private Capital led group for $40.13 per share in cash.(BOT) CBOT urges stockholders to vote for CME merger.(C) Citigroup confirms ...
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Pre-Market Analyst Calls (July 2, 2007)

Posted: July 2, 2007 at 7:15 am

ADM raised to Buy at B of A.AMB raised to Buy at UBS.AFR raised to Buy at UBS.ALO started as Buy at B of A.ATVI started at Equal Weight at ...
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Microsoft (MSFT) Attacks The Living Room Through The Back Door

Posted: July 2, 2007 at 5:08 am

Microsoft (MSFT) has been trying for years to get consumers to use its software to bridge the digital divide between their PCs and TV. The latest attempt is the company's ...
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Apple’s (AAPL) iTunes: Custer’s Last Stand

Posted: July 2, 2007 at 4:49 am

The record industry is being destroyed by a combination of cheap digital downloads and falling CD sales. Apple's (AAPL) iTune operation is now the third largest seller of music in ...
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