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Daily Archives: July 9, 2007

The 52-Week Low Club

Posted: July 9, 2007 at 4:02 pm

Lexmark (LXK) Printer company lowers guidance. Hits $43.50, down from $74.68.Quaker Fabric (QFAB) Getting near a liquidation. Down to $.09 against 52-week high of $1.66.Childrens Place (PLCE) Same store sales ...
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Alcoa (AA) Misses A Bit, The M&A Dance Continues

Posted: July 9, 2007 at 3:18 pm

Alcoa (AA) is up 60% from its 52-week low, and rallied strongly into today's close, moving up another 2%.But Alcoa announced second quarter 2007 income from continuing operations of $716 ...
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Reuters (RTRSY) To Set Up Financial Blog Network

Posted: July 9, 2007 at 1:50 pm

Reuters (RTRSY) is starting a financial blog network.The benefits for the participating sites are: Recognition: By becoming part of Reuters Blog network you will join one of the largest and ...
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Conoco (COP) Tops JNJ, Sets $15 Billion Share Buy-Back

Posted: July 9, 2007 at 1:35 pm

Not many hours after Johnson & Johnson (JNJ) announced its $10 billion share buy-back, ConocoPhillips (COP) decided it would not be bested. It announced a $15 billion share repurchase program ...
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Johnson & Johnson (JNJ): No More Worlds To Conquer

Posted: July 9, 2007 at 12:49 pm

In a sign that it is still struggling as competition emerges for it major drugs Procrit and Risperdal and that its stent business is still troubled by safety concerns, Johnson ...
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Microsoft’s (MSFT) Online Opportunity In China

Posted: July 9, 2007 at 10:01 am

Unlike most counties, China's top websites are not Yahoo! (YHOO) and Google (GOOG). According to a new Asia internet study by comScore, two of the top three sites in China ...
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Lexmark (LXK): Canary In The Coal Mine?

Posted: July 9, 2007 at 8:56 am

After Lexmark (LXK) told Wall St. that it would miss second and third quarter numbers, the stock dropped about 10% to $45 after hitting a 52-week low of $43.50 earlier ...
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Alnylam Pharmaceuticals (ALNY): A Big Break

Posted: July 9, 2007 at 8:39 am

Alnylam Pharmaceuticals (ALNY), an RNAi therapeutics company, has signed a huge license with Roche which could be worth as much as $1 billion The small company had total revenue fo ...
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EMC’s (EMC) VMWare IPO Gets Big Boost From Intel (INTC)

Posted: July 9, 2007 at 7:35 am

Excitement about EMC's (EMC) IPO for its virtualization software company VMWare has already helped push the storage company's stock from just over $10 to over $18.And,  VMWare received a significant ...
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Wall St. Research And Late News 7/9/2007

Posted: July 9, 2007 at 7:19 am

BIDU downgraded to hold at Citi.Wachovia lowers earnings estimates at INFY.AFT announces revenue for Q2 will be below Wall St. consensus.ISIS upgraded to strong buy at Needham.XFML says revenue will ...
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Bad News For Oil Prices

Posted: July 9, 2007 at 7:03 am

Reuters writes that International Energy Agency is predicting that demand for oil will keep increasing until 2012 while production falls. According to the report's authors: "Either we need to have ...
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Yahoo! (YHOO) Get Bloodied Again

Posted: July 9, 2007 at 6:56 am

Think Equity has downgraded Yahoo! (YHOO) to "accumulate" and dropped its price target to $32.New CEO Jerry Yang did not even get to warm his new seat.The research firm is ...
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GM (GM): At Least Europe Is Working

Posted: July 9, 2007 at 6:49 am

After seeing its June sales in the US fall 21% and its marketshare here fall to an all-time low, GM (GM) picked up some sales in Europe.GM's Europe sales in ...
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Early Research Calls 7/9/2007

Posted: July 9, 2007 at 6:40 am

Bear Stearns Upgrades PCAR to outperform.Think Equity downgrades YHOO to accumulate.LXK cuts guidance for Q2.TEVA upgraded to outperform at Bear Strearns.ESV downgraded to underperform at Credit Suisse.GOOG target upped to ...
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Dow Jones (DJ) Editors: Damned If They Do

Posted: July 9, 2007 at 4:20 am

The New York Times reports that editors at Dow Jones (DJ) are worried that they will lose their jobs if News Corp (NWS) or some other rich parent does not ...
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