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Daily Archives: October 26, 2007

Countrywide (CFC) Saves Itself

Posted: October 26, 2007 at 7:09 am

Wall St. expected Countrywide Fiancial (CFC) to have an EPS loss of $1.28 on $232 million in revenue. Concerns about earnings have driven the stock to a 52-week low of ...
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Something Is Still Wrong At CNET (CNET)

Posted: October 26, 2007 at 5:59 am

CNET (CNET) announced earnings yesterday. The stock got a little bounce after hours. But, a look at the numbers shows that the company is still in trouble. That may be ...
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Ford (F) Runs Out Of Time

Posted: October 26, 2007 at 5:47 am

It is Ford's (F) turn to talk with the UAW. Negotiations with the other two US car companies are over. But, Ford in negotiating from a position of hunger. Its ...
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Merrill (MER) Goes To Wachovia (WB) About Merger

Posted: October 26, 2007 at 5:35 am

The New York Times reports that Stan O'Neal, the CEO of Merrill Lynch (MER) approached Wachovia (WB) about a potential merger of the firms. The board of Merrill was upset ...
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Europe Markets 10/26/2007

Posted: October 26, 2007 at 5:27 am

Markets in Europe are mixed at 6.20 AM New York time.The FTSE is up .2% to 6,587. BP (BP) is up 1.1% to 619.5. BT (BT) is up 2.5% to ...
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Charter Communications (CHTR) Moves Toward Chapter 11

Posted: October 26, 2007 at 5:13 am

Comcast (CMCSA) gave bad news yesterday. It earnings were poor and the growth of its digital cable and VoIP customers were more modest than expected. Comcast is the largest cable ...
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Vonage (VG) Is Toast

Posted: October 26, 2007 at 5:03 am

When word came though that Vonage (VG) had settled its patent suit with Verizon (VZ), the VoIP company's shares moved up 70% to over $2. The small company has settled ...
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Most Unusual Analyst Defense of WellCare (WCG)

Posted: October 26, 2007 at 4:57 am

Late on Thursday, Goldman Sachs has removed WellCare Health Plans (NYSE:WCG) from its Americas Sell List. While this sounds like an upgrade, it is merely a sensible research call.  The ...
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BEA System’s Arrogance Will Cost it

Posted: October 26, 2007 at 4:55 am

The board at BEA Systems (BEAS) is sitting on a $17 offer from Oracle (ORCL). BEAS has not traded above $17 in over four years and was sitting at about ...
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Google’s (GOOG) Baidu (BIDU) Problem

Posted: October 26, 2007 at 4:47 am

Baidu (BIDU) had a good quarter. A very good one. Revenue rose 108% to $66 million. Net income was up 114% to $24 million. That seems small by Google's standards.But, ...
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Microsoft’s (MSFT) Overnight Success

Posted: October 26, 2007 at 4:35 am

Microsoft's (MSFT) earnings took Wall St. by surprise. It was a big enough jolt to take the shares to a level they have not seen since 2001, well above $35. ...
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Media Digest 10/26/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: October 26, 2007 at 3:02 am

According to Reuters, Microsoft's (MSFT) strong quarter and forecast sent shares up over 10%.Reuters writes that Oracle (ORCL) has turned down BEA Systems' (BEAS) proposal that the company be sold ...
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Asia Markets 10/26/2007

Posted: October 26, 2007 at 2:42 am

Markets in Asia roseThe Nikkei moved up 1.3% to 16,506. Hitachi (HIT) rose 3% to 744. NTT (NTT) rose 1.4% to 520000. Sony (SNE) rose 8.8% to 5560. The Hang ...
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