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Daily Archives: November 1, 2007

Why Wall St. Hates Ambac (ABK)

Posted: November 1, 2007 at 12:17 pm

Ambac (ABK), the bond insurance company is down 19% today to a 52-week low of $30.10. The high for the period is $96.10.Competing firm MBIA (MBI) is already signalling big ...
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A Fully Compliant Dell (DELL)

Posted: November 1, 2007 at 12:04 pm

Dell (NASDAQ:DELL) issued a release today with the news that it has received a letter from the Board of Directors of The NASDAQ Stock Market LLC confirming that the company ...
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Video Game Earnings Trifecta: EA, THQ, Midway (ERTS, THQI, MWY)

Posted: November 1, 2007 at 9:43 am

After today's close, we'll see earnings out of three video game publishers.  Electronic Arts (NASDAQ:ERTS), THQ Inc. (NASDAQ:THQI), and Midway Games (NYSE:MWY) all report today.  The key to remember here ...
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United Therapeutics (UTHR) Up 31% On Big Profits

Posted: November 1, 2007 at 8:53 am

United Therapeutics (UTHR) is up 31% to a new 52-week high at $89. The company had a home run quarter. Total revenues for the third quarter of 2007 were $59.0 ...
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Smith Micro (SMSI) Shares Fall 28% On Rough Earnings

Posted: November 1, 2007 at 8:43 am

Smith Micro (SMSI) reported an 81 percent fall in quarterly profit, hurt by mounting operating expenses. Revenue of the wireless communication software products developer rose 38 percent to $20.4 million ...
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China Precision Steel (CPSL) Down Over 20% On Stock Offering

Posted: November 1, 2007 at 8:37 am

China Precision Steel (CPSL) is selling a few extra shares to raise money. And that has driven the company's stock down 20% to $6.75. The company announced that it has ...
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Citichart

Citi’s Chart Should Finally Break Chuck Prince’s Reign (C)

Posted: November 1, 2007 at 8:36 am

Citigroup was indicated lower earlier today on a downgrade to an "Underperform" rating out of CIBC World Markets.  CIBC notes that Citi may need to sell assets to raise cash ...
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Sprint’s (S) Shares Off Sharply On Bad Earnings

Posted: November 1, 2007 at 8:25 am

Shares of Sprint (S) are off almost 5% to $16.30, a 52-week low.Consolidated net operating revenues in the quarter were $10 billion compared to $10.5 billion in the year-ago third ...
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ExxonMobil A Tad Light (XOM, XLE)

Posted: November 1, 2007 at 7:18 am

ExxonMobil (NYSE:XOM) did actually come in light on earnings as 24/7 Wall St. had worried that the chart was indicating.  The world's largest oil company did post EPS at $1.70, ...
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Pre-Market Stock News (November 1, 2007)

Posted: November 1, 2007 at 7:06 am

(AIZ) Assurant $1.63 EPS vs $1.30 est.(BABY) Natus $0.14 EPS vs $0.13 est.(BDX) Becton Dickinson $0.98 EPS vs $0.97 est.(BPUR) Biopure raised $13 million in stock and warrant offering.(C) Citigroup ...
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CNET Hit By Goldman Sachs (CNET)

Posted: November 1, 2007 at 7:04 am

CNET Networks Inc. (NASDAQ:CNET) is being maintained with a Sell, but the target is being cut from $8.00 down to $7.30.  The time frame here is being rolled forward to ...
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Pre-Market Analyst Calls (November 1, 2007)

Posted: November 1, 2007 at 6:38 am

AAI cut to Neutral at Credit Suisse.ALU cut to Neutral at B of A.AMLN cut to Underweight at Lehman.BAC cut to Sector Perform at CIBC.BRE cut to Hold at Deutsche ...
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Cisco’s $16 Billion China Expansion (CSCO)

Posted: November 1, 2007 at 5:48 am

Cisco Systems (NASDAQ:CSCO) has announced an initiative aimed at strengthening its business commitments and long-term corporate strategy in China. The program defines a three- to five-year plan of increased investment ...
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Apple (AAPL), Microsoft (MSFT), And RIMM Get Huge Benefits From Brands

Posted: November 1, 2007 at 5:40 am

Landor Associates puts out a study called Breakaway Brands. The survey claims to measure the financial contributions made by individual brands to their parents' bottom lines.According to the survey, picked ...
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Year-End Earnings Push Hurts US Companies

Posted: November 1, 2007 at 5:26 am

According to a study picked up by the FT, "US companies’ rush to boost year-end earnings by discounting products and delaying payments is counterproductive and leaves their balance sheets more ...
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