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Daily Archives: October 10, 2007

EMC Officers Sell $15 Million in Shares (EMC)

Posted: October 10, 2007 at 10:00 am

Insiders of EMC Corp. (NYSE:EMC) have sold more than 750,000 shares of the company stock for gross proceeds of more than $15 million before the cost basis was considered.  These ...
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Big China Stock Movers (NINE)(CSUN)(CHNR), But Watch For 50% Correction

Posted: October 10, 2007 at 8:48 am

Stocks of companies based in China will not give it a rest. They dominate the list of largest price increases on US markets again today.Origin Agritech (SEED) is up 29% ...
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Valero’s Earnings Warning Looks Acceptable So Far (VLO, CVX)

Posted: October 10, 2007 at 8:02 am

Valero Energy Corp. (NYSE:VLO) said that tighter refining margins are going to cause the company to miss earnings expectations.  The new range of earnings expectations from the company is $1.30 ...
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Google (GOOG): Thanks For Nothing Analyst Call

Posted: October 10, 2007 at 7:45 am

Merrill Lynch was good enough to raise its price target on Google (GOOG) from $590 to $740. Google closed above $615 yesterday.  This now makes for the highest of the ...
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Pre-Market Stock News (October 10, 2007)

Posted: October 10, 2007 at 7:36 am

(AA) ALCOA $0.63 EPS after $0.01 charge vs $0.65 est.(CML) Compellent Technologies priced 6 million share IPO at$13.50, above the $10 to $12 range.(COST) Costco Wholesale $0.91 EPS vs $0.83 ...
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Pre-Market Analyst Calls (October 10, 2007)

Posted: October 10, 2007 at 7:09 am

ADTN raised to Neutral at Merrill Lynch.ALNY cut to Mkt Perform at Piper Jaffray.AMAT cut to Equal Weight at Lehman.AME cut to Mkt Perform at FBR.AMED cut to Hold at ...
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Ebay (EBAY) Launches A Social Network Site

Posted: October 10, 2007 at 6:42 am

Ebay (EBAY) is launching a social network site as a way to keep buyers and sellers coming back to its auction environment. According to the LA Times "The new Neighborhoods ...
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Results In Court Look Good For Sallie Mae (SLM)

Posted: October 10, 2007 at 6:37 am

"Judges traditionally have been skeptical of buyers' efforts to walk away from acquisitions by arguing that economic or regulatory conditions have changed so much that deals should be terminated, several ...
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Nintendo: Video Games For Health Nuts

Posted: October 10, 2007 at 6:00 am

Nintendo's stock hit another high. It is now the second largest company in Japan based on market cap.The cause for the current share price run-up is that the company has ...
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More Private Equity Deals, Another Banking Fiasco

Posted: October 10, 2007 at 5:49 am

There are still a lot of private equity deals to be closed. They were announced before the current credit disaster. And, many of them are not going to get broken ...
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Wal-Mart (WMT) Fights Local Taxes

Posted: October 10, 2007 at 5:39 am

Wal-Mart (WMT) does what it can to fight local taxes in areas where it has stores. According to a study by Good Jobs First picked up by The New York ...
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Honda (HMC) Hides From The UAW

Posted: October 10, 2007 at 5:27 am

Honda (HMC) recently built a plant in Indiana. But, it is only recruited workers from certain counties. Other locations that had laid-off UAW members did not make the geographic list ...
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Costco (COST) Wins

Posted: October 10, 2007 at 5:18 am

Costco (COST) turned in the kind of numbers that are not supposed to get posted in a retailing recession.Net sales for the 16-week fourth quarter ended September 2, 2007, increased ...
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VMware’s Magic Is Becoming Wizardry (VMW, EMC)

Posted: October 10, 2007 at 3:45 am

VMware Inc. (NYSE:VMW) shares managed to cross the century mark of $100.00 on Tuesday.  This has been an unbelievable stock with a premium IPO pricing at $29.00 (under our projected ...
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Media Digest 10/10/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: October 10, 2007 at 3:12 am

According to Reuters, economists cut forecasts for US growth for the third month in a row.Reuters writes that IBM (IBM) and Second Life will work on ways to eventually let ...
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