Quantcast

Daily Archives: November 15, 2007

Local.com Plays Into Expectations (LOCM)

Posted: November 15, 2007 at 8:41 am

Local.com Corp. (NASDAQ:LOCM) is seeing shares surge in pre-market trading activity.  24/7 Wall St. just noted the chances in this week's "10 Stocks Under $10" newsletter that the company was ...
Read Full Story »

Garmin Settles With TomTom (GRMN)

Posted: November 15, 2007 at 8:30 am

Garmin Ltd. (NASDAQ:GRMN) is trading up in pre-market trading today.  The GPS consumer device maker has announced that it has entered into a confidential global settlement of all of its ...
Read Full Story »

Will Enterprise Users Junk Microsoft (MSFT) Vista?

Posted: November 15, 2007 at 8:29 am

It appears that a number of enterprise users of Microsoft (MSFT) Windows may complete skip Vista and wait for the next OS release in two years.InfoWorld writes "with Microsoft planning ...
Read Full Story »

Top 10 Pre-Market Analyst Calls (AMGN, ENP, NTAP, PT, QCOM, SWIR, VCLK, VRSN, WY)

Posted: November 15, 2007 at 7:57 am

These aren't all of the impact analyst calls, but these are the key calls that 24/7 Wall St. is focusing on:Amgen (AMGN) raised to overweight at Lehman.Encore Energy (ENP) started ...
Read Full Story »

Kraft (KFT) To Merge Post Cereals Into Ralcorp (RAH)

Posted: November 15, 2007 at 7:21 am

Kraft (KFT) will merger its Post cereals division into Ralcorp (RAH). The transaction is tax-efficient and worth approximately $2.6 billion to Kraft and its shareholders. For purposes of comparison, to ...
Read Full Story »

Hedge Fund Thinks It Can Squeeze Value From AMD (AMD)

Posted: November 15, 2007 at 6:43 am

Galleon Group, a $7 billion fund based in Midtown, has recently purchased "several million shares" of AMD, according to The New York Post. The fund will obviously try to get ...
Read Full Story »

A Chief Reputation Officer For Merrill Lynch (MER)

Posted: November 15, 2007 at 6:34 am

It would be nice to think that John Thain, wonder boy from Goldman Sachs (GS) and NYSE (NYX) can do a lot over the next couple of months to "fix" ...
Read Full Story »

Europe Markets 11/15/2007

Posted: November 15, 2007 at 6:21 am

Markets in Europe were lower at 6.15 AM New York time.The FTSE was off .9% to 6,374. BP (BP) was down 1.1% to 693. BHP Billiton (BHP) was off 1.1% ...
Read Full Story »

S&P Cuts Bear Stearns (BSC) Rating

Posted: November 15, 2007 at 6:13 am

According to MarketWatch Standard & Poor's lowered the credit rating on Bear Stearns (BSC) to A from A+, and said the outlook is negative. "The rating action follows Bear Stearns' ...
Read Full Story »

IBM (IBM) Enters Another New Business, Again

Posted: November 15, 2007 at 6:11 am

According to Reuters, IBM (IBM) is "staking out a major new source of business helping clients like banks or retailers manage data centers on a par with Internet players such ...
Read Full Story »

Oracle (ORCL) Warns BEA Systems (BEAS)

Posted: November 15, 2007 at 5:58 am

The management and board of BEA Systems (BEAS) are boobs of the first order. Oracle (ORCL) offered $17 a share for the company when it was trading below $14. The ...
Read Full Story »

An Economics Lesson From OPEC

Posted: November 15, 2007 at 5:47 am

For those who missed Econ 101 in college, most of the reading and lectures were about supply and demand. Prices go up when demand out-paces supply. The theory still works.But, ...
Read Full Story »

What If The Market Is Wrong About Starbucks (SBUX)

Posted: November 15, 2007 at 5:37 am

Shares in Starbucks (SBUX) have fallen from $40 last November to about $25 now. The great majority of the market believes that the coffee retailer cannot continue to show 6% ...
Read Full Story »

China Industrial Output Up 18% In October, More Warning Signs

Posted: November 15, 2007 at 5:25 am

Industrial output in China rose 17.9%, continuing a pace which can almost certainly not be sustained. Production in the auto and telecom equipment sectors was especially strong. Retail sales also ...
Read Full Story »

Media Digest 11/15/2007

Posted: November 15, 2007 at 4:17 am

According to Reuters, Barclays (BCS) took a $2.7 billion write-down due to exposure to subprime markets.Reuters writes that IBM (IBM) will push into the business of running huge data centers ...
Read Full Story »