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Daily Archives: October 22, 2007

Merck (MRK) Comes Through

Posted: October 22, 2007 at 6:49 am

Merck (MRK) announced third-quarter 2007 earnings per share of $0.75, excluding restructuring charges, and third-quarter reported EPS of $0.70. Worldwide sales were $6.1 billion for the quarter, an increase of ...
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Plug Power…Fuel Cells to Wal-Mart, Sort Of (PLUG, WMT)

Posted: October 22, 2007 at 6:43 am

Plug Power Inc. (NASDAQ:PLUG) has announced that its wholly owned subsidiary Cellex Power Products, Inc. received a purchase order for its GenDrive(TM) fuel cell power units from Wal-Mart Stores, Inc. ...
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The Poor Folks At Toyota (TM)

Posted: October 22, 2007 at 6:00 am

Toyota (TM) recently had to recall several hundred thousand cars in it native Japan. It lost its top sport in the Consumer Reports reliability survey. Its shares trade near a ...
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Sandisk’s (SNDK) Harebrained New Product

Posted: October 22, 2007 at 5:50 am

Sandisk (SNDK) has its own solution for moving content from the PC to the TV. Companies from Intel (INTC) to Microsoft (MSFT) have been working on this problems for years. ...
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Wal-Mart (WMT) Goes To Japan

Posted: October 22, 2007 at 5:36 am

Wal-Mart (WMT) is buying out the minority shareholders in Japanese supermarket unit Seiyu Ltd. Wal-Mart owns 51% of the company and it is offering a 61% premium, or $878 million, ...
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Europe Markets 10/22/2007

Posted: October 22, 2007 at 5:24 am

Markets in Europe were sharply lower at 6.20 AM.The FTSE fell 1.2% to 6,448. BHP Billiton (BHP) was down 3.8% to 1765. Northern Rock was up 2.3% to 191.2.The DAXX ...
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Intel (INTC) Gets Big Victory Over AMD (AMD)

Posted: October 22, 2007 at 5:12 am

AMD (AMD) has accused Intel (INTC) of creating a monopoly in PC and servers chips by using its size to give customers special deals to do business with it exclusively. ...
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Apple (AAPL) iPhone Selles Well, But Motorola (MOT) RAZR3 Does Better

Posted: October 22, 2007 at 4:57 am

Strategy Analytics reports that AT&T (T) and Apple (AAPL) will deliver 1.1 million iPhones in Q3, bringing total sales of the handset to 1.325 million units. "The iPhone has become ...
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Wimax’s Nine Lives

Posted: October 22, 2007 at 4:48 am

With the CEO out at Sprint (S), it looked like his dream for a nationwide WiMax network to blanket much of the US with high-speed wireless was dead. That might ...
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Qualcomm (QCOM) Beats Back Nokia (NOK)

Posted: October 22, 2007 at 4:36 am

Qualcomm (QCOM) announced that the Administrative Law Judge issued an initial determination terminating an investigation based on a complaint filed by Nokia (NOK) against Qualcomm.Douglas A. McIntyre ...
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China Mobile’s (CHL) Big Subscriber Increase

Posted: October 22, 2007 at 4:18 am

According to Reuters China Mobile (CHL) the world's largest wireless carrier, said on Monday its quarterly profit grew 38 percent, amid strong subscriber growth.China Mobile total subscribers were at 349.66 ...
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Bear Stearns (BSC) Takes A China Investment

Posted: October 22, 2007 at 4:14 am

According to The Wall Street Journal, Bear Stearns (BSC) is close to a deal with the Chinese investment bank Citic Securities Co. that would give each company a stake in ...
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News Digest 10/22/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: October 22, 2007 at 2:55 am

According to Reuters, Halliburton (HAL) increased its third quarter profit by 19%.Reuters writes that Wal-Mart (WMT) will buy the part of its Japanese operations that it does not own for ...
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Asia Markets 10/22/2007

Posted: October 22, 2007 at 2:25 am

Markets in Asia fell sharplyThe Nikkei was off 2.2% to 16,438. NEC (NIPNY) was off 3.4% to 540. Yahoo Japan was up 2.5% to 57600.The Hang Seng fell 3.5% to ...
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