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Daily Archives: November 5, 2007

Goldman (GS) And Lehman (LEH) Could Have Q4 Write-Downs

Posted: November 5, 2007 at 7:24 pm

Analysts are beginning to talk about how large the write-downs may be at financial institutions when earnings are reported for the next quarter. "Everybody will have write-downs in the fourth ...
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Local.com Gives Ammo For True-Believers & Critics Alike (LOCM)

Posted: November 5, 2007 at 4:46 pm

Local.com (NASDAQ:LOCM) has posted its quarterly results.  The "local-oriented" micro-cap Internet stock posted revenue of $5.6 million (mid-range of guidance); 38% growth yr/yr and 10% sequential growth; local search revenue ...
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The 52-Week Low Club

Posted: November 5, 2007 at 4:41 pm

Fremont General (FMT) Mortgage company debt rating cut. Falls to $1.81 from 52-week high of $17.30.Valeant Pharmaceuticals (VRX) Drops on downgrade. Drops to $10.35 from $18.82. Nordstrom (JWN) Retailers keep ...
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Sun (JAVA) Turns To Darkness, Disappoints Again

Posted: November 5, 2007 at 4:09 pm

Earnings expectations for Sun (JAVA) were modest. Wall St. was looking for a 2.5% increase in revenue to $3.27 billion. Forecasts were that EPS would be $.03, up from a ...
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New “Exposure Assessments” Show More Rating Risks

Posted: November 5, 2007 at 3:50 pm

Fitch Ratings has announced the process it will employ in updating its analysis of the structured finance collateralized debt obligations (SF-CDOs) insured by the financial guaranty industry, as well as ...
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Sun (JAVA) Trades Up Sharply Ahead Of Earnings

Posted: November 5, 2007 at 3:00 pm

Shares in Sun Micro (JAVA) are up as much as 2.5% ahead of earnings. The stock has been down over the last month while most big tech shares have risen.Expectations ...
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NYSE & NASDAQ Get Another Competitor, Well Sort Of (NDAQ, NYX)

Posted: November 5, 2007 at 2:14 pm

BATS Trading, Inc. announced Monday it filed with the U.S. Securities and Exchange Commission to become a fully licensed securities exchange so that it would have the same regulations and ...
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Marvel (MVL) Beats The Street

Posted: November 5, 2007 at 12:47 pm

Marvel Entertainment (MVL), the home of Captain America (RIP) and X-Men, beat Wall St. expectations and its shares are up almost 20% to $27.80.For Q3 2007, Marvel reported that net ...
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CNBC Reports Parsons Will Step Down As CEO of Time Warner (TWX), Stay As Chairman

Posted: November 5, 2007 at 10:20 am

CNBC is saying the Richard Parsons will step down as CEO of Time Warner (TWX) effective the end of the year, and that the announcement will be made today. He ...
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Merrill Lynch (MER) Offers Fink CEO Job

Posted: November 5, 2007 at 10:01 am

According to a report by CNBC, Merrill Lynch (MER) has offered Laurence Fink, head of BlackRock (BLK) that CEO job at the big brokerage.  Reuters says he has been given ...
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Entergy Spinning Off Nuclear Operations (ETR)

Posted: November 5, 2007 at 9:48 am

Entergy Corp. (NYSE:ETR) is trading up over 2% right after the open.  The power utility reported earnings, but perhaps even bigger than earnings is the news that the $24 Billion ...
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Starbucks (SBUX) Hits 52-Week Low

Posted: November 5, 2007 at 9:45 am

Over the weekend, Barron's institutional investing poll listed Starbucks (SBUX) as one of the most overvalued stocks in the market. That says a great deal since the stock was already ...
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Diller Breaks Up The IAC/Interactive Empire (IACI)

Posted: November 5, 2007 at 9:29 am

IAC/Interactive (NASDAQ:IACI) has confirmed that the company will be split up into FIVE separate entities.  The New IAC under Barry Diller will be comprised of:The businesses currently comprising its Media ...
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Dell Heads Toward More Virtualization (DELL, VMW, CTXS)

Posted: November 5, 2007 at 9:02 am

Dell Inc. (NASDAQ:DELL) has announced a definitive agreement to acquire EqualLogic, a provider of high-performance iSCSI storage area network (SAN) solutions uniquely optimized for virtualization.  Dell will purchase EqualLogic for ...
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IACI (IACI) Breaking Into Five Companies?

Posted: November 5, 2007 at 8:58 am

IACI (IACI) will break into five companies, according to a report on CNBC. Barry Diller has  been under pressure to improve the company's stock price. The company is an odd ...
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