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Daily Archives: October 11, 2007

GM (GM) Breaks $40

Posted: October 11, 2007 at 9:36 am

For the first time since late 2004, shares of GM (GM) broke above $40 rising as much as 5% in early trading. The wrapping up of the UAW contract probably ...
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IPO FILING: Critical Homecare Solutions Holdings, Inc.

Posted: October 11, 2007 at 9:31 am

Critical Homecare Solutions Holdings, Inc. has filed to come public via an IPO.  For filing purposes it has said it will sell up to $125 million in common stock under ...
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More China Stock Craziness (CTEL)(NWD)(FEED)(SNP)(NOEC)

Posted: October 11, 2007 at 9:24 am

More huge gains in China-based company shares traded on US exchanges.Perhaps the most extraordinary in huge China Petroleum (SNP) up 11% to an all-time high of $145.68.Also on the hit ...
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Virgin Mobile IPO Debut (VM, S)

Posted: October 11, 2007 at 8:32 am

Virgin Mobile USA (NYSE:VM) has raised $412.5 million after it priced its IPO of 27.5 million shares at $15.00 per share.  25.467 million shares are being sold by the company ...
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Infosys: When Good Earnings Aren’t Enough (INFY)

Posted: October 11, 2007 at 7:51 am

Infosys Technologies Ltd. (NASDAQ:INFY) is seeing shares trade down 4% pre-market in the US after roughly a 6.9% drop in overseas trading on the Mumbai exchange in India.  The company ...
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Pre-Market Stock News (Oct. 11, 2007)

Posted: October 11, 2007 at 7:18 am

(AEO) American Eagle Outfitters lowered guidance; shares down 2%.(ANF) Abercrombie & Fitch s-s-s -4% vs -1% est; shares indicated down 1%.(BEBE) bebe Stores s-s-s -9.3%.(CHS) Chico's FAS s-s-s -8.3%.(CREL) Corel ...
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Pre-Market Analyst Calls (October 11, 2007)

Posted: October 11, 2007 at 7:08 am

AA target cut to $47 at UBS.AAPL raised target to $190 at Goldman Sachs.AFL started as Outperform at FBR.BNI cut to Equal Weight at Lehman.BRE raised to Outperform at Credit ...
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Wal-Mart (WMT) Same-Store Sales Up 1.9%

Posted: October 11, 2007 at 6:27 am

For the period ending October 3, Wal-Mart (WMT) same-store sales rose 1.4%. Total company revenue rose 10% for the period to $34.4 billion. International sales were the big driver, moving ...
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VMWare (VMW): Microsoft Crashes The Party

Posted: October 11, 2007 at 6:17 am

VMWare (VMW) has the hot hand in virtualization and Microsoft (MSFT) wants to take that away. VMW shares have almost tripled since their IPO three months ago."It is the hottest ...
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As Stent Business Falls Apart, Field Gets More Crowded

Posted: October 11, 2007 at 5:57 am

Medtronic (MDT) got the FDA to approve its new drug-coated stent called the Endeavor. The agency did have some concerns about whether the product has long-term risks or whether it ...
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Europe Markets 10/11/2007

Posted: October 11, 2007 at 5:47 am

Markets in Europe were up at 6.40 AM New York Time.The FTSE rose .8% to 6,686. BHP Billiton (BHP) rose 2.9% to 1854. BP (BP) rose1.5% to 588.5. BT (BT) ...
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Sony Ericsson Results Bad For Nokia (NOK) And Motorola (MOT)

Posted: October 11, 2007 at 5:36 am

Sony Ericsson, the world's fourth largest handset maker, came out with results for its third quarter .On the surface, they looked fairly good. Revenue rose 7% to $4.4 billion. But, ...
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Insider Trading At Mattel (MAT)?

Posted: October 11, 2007 at 5:19 am

It looks like insider trading is becoming a big issue with state and city pension funds. North Carolina has suggested charges against the head of Countrywide Financial (CFC)  And now ...
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As HDTV Moves In, Cable’s House Gets Trashed (CMCSA)

Posted: October 11, 2007 at 5:07 am

Cable companies had all of the competitive advantages. They could offer broadband, TV, and voice service in one package. Satellite TV could only offer television. Telecom companies had slow DSL, ...
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Investor Concern About Countrywide (CFC) CEO Stock Sales

Posted: October 11, 2007 at 4:50 am

It really doesn't look good. Countrywide Financial (CFC) CEO Angelo R. Mozilo sold tons of stock in the period before the sub-prime markets caved in. According to The New York ...
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