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Daily Archives: October 26, 2007

Carl Icahn Sends A “Cover Your Assets” Letter to BEA Systems (BEAS, ORCL)

Posted: October 26, 2007 at 5:25 pm

Carl Icahn has decided to try seizing the day at BEA Systems (NASDAQ:BEAS) by keeping management from killing the buyout and shooting shareholders in the feet.  While he did agree ...
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Citrix CEO Selling Shares Into VMware/Virtualization Strength (CTXS, VMW)

Posted: October 26, 2007 at 4:12 pm

Citrix Systems, Inc. (NASDAQ:CTXS) announced after today's close that Mark B. Templeton, its President & CEO, is adopting a prearranged trading plan for the exercise of 763,017 expiring stock options ...
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FOMC OCT 2007 Dilemma: Rate Cut Versus Dollar Crisis

Posted: October 26, 2007 at 3:48 pm

We do not have the final numbers in for today, but as of yesterday the 30-day FED FUND FUTURES contract wasn't deciding IF the FOMC would cut rates.  It showed ...
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The 52-Week Low Club

Posted: October 26, 2007 at 3:01 pm

Bankatlantic (BBX) Real estate loans lead to loss. Falls to $4.05 from 52-week high of $14.Moneygram (MGI) Two recent analyst downgrades. Drops to $14.42 from 52-week high of $35.18.Journal Register ...
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Blank Check IPO Filing: Overture Acquisition, Involving Paul Pressler (NLX, SBUX, TWX, GPS)

Posted: October 26, 2007 at 2:03 pm

We've seen another blank check company IPO called OVERTURE ACQUISITION CORP. that has filed to come public via an IPO in a usual $10.00 per share/unit with an offering of ...
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The Week’s Best & Worst Analyst Calls (WCG, MSFT, NILE, BRCM)

Posted: October 26, 2007 at 12:10 pm

Wall Street analysts get great kudos sometimes, and other times they get the leper treatment.  There were many movers this week, and some of these research notes are actually carryovers ...
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Parsons Leaving Time Warner (TWX)

Posted: October 26, 2007 at 12:03 pm

Richard Parsons is due to step down as CEO at Time Warner (TWX) very soon. 24/7 Wall St editor Jon Ogg gives this account at BloggingStocks. ...
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Somebody Made Money On Sirius (SIRI)

Posted: October 26, 2007 at 9:44 am

Sirius (SIR) has gone from being a market darling to one of the most maligned companies among those that the press follows with any regularity.The conventional wisdom is that the ...
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CNBC Say Merrill (MER) CEO Is Out, Shares Rally

Posted: October 26, 2007 at 8:52 am

CNBC is reporting that Stan O'Neal will be gone in a matter of days.Merrill's (MER) shares are up 7% to $65.25.Douglas A. McIntyre ...
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MEMC Electonic Materials Defies Business Week Implications (WFR)

Posted: October 26, 2007 at 8:43 am

MEMC Electronic Materials (NYSE:WFR) is trading up sharply on earnings and guidance slightly above most estimates despite seeing shares hit by a Business Week article from the "Inside Wall Street" ...
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Nintendo: Wii Won’t Cut Prices

Posted: October 26, 2007 at 8:06 am

Nintendo says there will be no price cuts on its wildly popular Wii game console. And, why should there be. The firm barely has enough manufacturing capacity to keep up ...
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Trident Microsystems (TRID) Angers The Earnings Spirits

Posted: October 26, 2007 at 7:34 am

Shares in Trident Microsystems (TRID) are off 30% to $8.65 on week earnings.The provider of digital TV technology for the consumer digital video marketplace, announced for the first fiscal quarter ...
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Radiant Systems (RADS) Down Over 20% On Earnings

Posted: October 26, 2007 at 7:29 am

Radiant Systems (RADS), a leading provider of innovative technology for the hospitality and retail industries, reported total revenues for the third quarter period were $62.5 million, an increase of 9 ...
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Pre-Market Earnings Movers (October 26, 2007)

Posted: October 26, 2007 at 7:27 am

(BEAS) BEA Systems trading down almost 4% ahead of Oracle rejected BEA Systems' $21 indication.(CFC) Countrywide -$2.85 EPS vs -$1.28 est., but shares indicated up over 10% on writedowns.(COLM) Columbia ...
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Pre-Market Analyst Calls (October 26, 2007)

Posted: October 26, 2007 at 7:09 am

ABK cut to Mkt Perform at FBR.ADVNA cut to Mkt Perform at FBR.BBY started as Mkt Perform at Wachovia.BEN cut to Mkt PErform at FBR.BG cut to Neutral at HSBC.CC ...
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