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Monthly Archives: October 2007

Failed Cancer Drug Trial Drives GPC Biotech (GPCB) Down 62%

Posted: October 31, 2007 at 7:42 am

Shares of GPC Biotech (GPCB) are off 62% before the open. GPCB announced that the Phase 3 SPARC trial evaluating satraplatin for the treatment of hormone-refractory prostate cancer did not ...
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Pre-Market Analyst Calls (October 31, 2007)

Posted: October 31, 2007 at 6:46 am

AKAM cut to Hold at Deutsche Bank.BEC cut to Sector Perform at RBC.BMS cut to Hold at Deutsche bank.CF cut to Neutral at B of A.EL cut to SELL at ...
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WellCare Class Action Suits & More State Actions Leading Company To The Grave (WCG)

Posted: October 31, 2007 at 6:32 am

WellCare Health Plans (NYSE:WCG) is falling under class action pressure and more investigations.  Unfortunately the company has yet to admit to or to convince Wall Street that it has a ...
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Affiliated Computer Services: Another Private Equity Deal Bites The Dust (ACS)

Posted: October 31, 2007 at 5:58 am

Private equity firm Cerberus has terminated its acquisition offer to acquire Affiliated Computer Services Inc. (NYSE:ACS).  This was a $6.2 Billion deal that valued Affiliated at $62 per share.Cerberus did ...
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The World Wakes Up To $100 Oil

Posted: October 31, 2007 at 5:54 am

No one wants to talk about $100 oil when oil is at $70 or $80 a barrel. Most experts want to say it is too high on speculation and will ...
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Europe Markets 10/31/2007

Posted: October 31, 2007 at 5:34 am

Markets in Europe were narrowly mixed at 6.20 AM New York time.The FTSE was down a fraction to 6,658. BHP Billiton (BHP) was down 1.4% to 1792. Vodafone (VOD) was ...
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Verizon And Sprint: Cat Fight Over Google (GOOG) Phone?

Posted: October 31, 2007 at 5:20 am

Verizon Wireless, a JV between Verizon (VZ) and Vodafone (VOD) appears to be vying with Sprint (S) over rights to distribute new handsets loaded with the Google (GOOG) mobile OS ...
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Alcatel-Lucent (ALU) Fires Everyone

Posted: October 31, 2007 at 4:52 am

Alcatel-Lucent (ALU), which may go down in the annuls of business as one of the most poorly conceived mergers in modern business history, announced another large quarterly loss and said ...
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Media Digest 10/31/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: October 31, 2007 at 3:14 am

According to Reuters, a number of experts do not believe that a rate cut by the Fed will help the falling housing market.Reuters writes that Alcatel-Lucent (ALU) will cut another ...
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Asia Markets 10/31/2007

Posted: October 31, 2007 at 2:45 am

Markets in Asia were mixed. The Nikkei rose .5% to 16,738. Hitachi (HIT) was up 3.4% to 781. Honda (HMC) was up 3.4% to 4200. NEC (NIPNY) was up 2.4% ...
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Verizon (VZ) May Team With Google (GOOG) For G-Phone

Posted: October 30, 2007 at 5:11 pm

Business makes strange bedfellows. Verizon Wireless, a JV between Verizon (VZ) and Vodafone (VOD), is in discussions with Google (GOOG) about distributing phones with the Google handset operating system. According ...
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Merrill Lynch (MER) May Face Class Action Suit Over Loss

Posted: October 30, 2007 at 4:23 pm

Merrill Lynch (MER) may be facing a class action suit over the losses it reported in the last quarter. According to Reuters "the lawsuit, which the lawyers said was filed ...
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Holiday PC Sales Seen As Brisk (HPQ)(DELL)(AAPL)

Posted: October 30, 2007 at 4:16 pm

According to data from big computer seller Ingram Micro and research firm Endpoint Technologies Associates, PC sales look very strong going into the holidays with particular strength outside the US.Reuters ...
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Dell (DELL) Share Up After Hours On Restatement

Posted: October 30, 2007 at 4:00 pm

Dell (DELL) finally filed its past financial statements including past due periodic reports with the U.S. Securities and Exchange Commission. Those reports contain restated financial information for Fiscal 2003, 2004, ...
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The 52-Week Low Club

Posted: October 30, 2007 at 3:50 pm

Wellcare Health Plans (WCG) Regulators keep asking for more info and class action suits are beginning. Shares fall to $21.41 from 52-week high of $128.42.Qwest Communications (Q) Big telecom company ...
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