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Daily Archives: December 13, 2007

Citigroup (C) Bails Out Its SIVs

Posted: December 13, 2007 at 7:53 pm

Citigroup (C) announced that it has committed to provide a support facility that will resolve uncertainties regarding senior debt repayment currently facing the Citi-advised Structured Investment Vehicles (“SIVs”).Citi will consolidate ...
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November Xbox 360, PS3, And Wii Sales Go Wild

Posted: December 13, 2007 at 7:48 pm

Sales of video game consoles in the US during November went through the roof. Sales of Sony's (SNE) PS3 rose to 466,000 units for the month up from 121,000 units ...
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Intellon Prices IPO (ITLN)

Posted: December 13, 2007 at 7:39 pm

Intellon Corp. (NASDAQ:ITLN) has priced its initial public offering of 7.5 million shares of its common stock at $6.00 per share.  Intellon has granted the underwriters a 30-day option to ...
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Cramer’s Latin Internet Call (MELI, BIDU, GOOG)

Posted: December 13, 2007 at 7:03 pm

On tonight's MAD MONEY on CNBC, Jim Cramer was discussing an opportunity he sees in Argentina-based Mercadolibre, Inc. (NASDAQ:MELI).  Cramer likes the model.  It hosts an online trading platform in ...
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Qwest’s New Dividend Above Bells (Q, T, VZ)

Posted: December 13, 2007 at 5:27 pm

Qwest Communications (NYSE: Q) is seeing shares surge in after-hours trading.  The telecom provider has announced that its board of directors has declared a quarterly dividend.  The dividend is being ...
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Apple (AAPL) Working on iPhone-Microsoft Exchange Fix

Posted: December 13, 2007 at 4:29 pm

From Silicon Alley InsiderAs we've described in the anecdotes below, the Apple iPhone is gradually infiltrating the lucrative business market. The biggest barriers to widespread corporate adoption remain:   continued... ...
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The 52-Week Low Club (SCA)(CNXT)(ODP)(AMD)

Posted: December 13, 2007 at 4:01 pm

Security Capital Assurance (SCA) Bond insurance company does not have enough capital to keep strong bond rating. Drops to $3.56 from 52-week high of $34.52.CSK Auto (CAO) Company gets brokerage ...
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Dendreon A Double Already? (DNDN)

Posted: December 13, 2007 at 3:56 pm

If you read 24/WallSt.com's "Ten Stocks That Could Double in 2008" from us, you saw that Dendreon (NASDAQ:DNDN) is on that list.  We weren't expecting a 22% pop in shares ...
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Recession Central, Greenspan Speaks From The Crypt…So Does Everyone Else

Posted: December 13, 2007 at 3:24 pm

Almost every single day there are reports of 'greater and greater chances that the US is heading into a recession in 2008."  We aren't trying to stand up as a ...
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Conexant (CNXT) Takes Big Slide

Posted: December 13, 2007 at 3:20 pm

One of Wall St.'s most widely traded stocks, Conexant (CNXT) is off almost 7% to $.98, breaking below $1 for the first time this year.Volume is an unusually heavy 17.5 ...
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JetBlue (JBLU) May Get Investment From Lufthansa

Posted: December 13, 2007 at 2:34 pm

According to a report in The New York Times, German airline giant Lufthansa will buy 20% of US discount ariline JetBlue (JBLU).JetBlue shares are up almost 14% on the news, ...
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AMD Tries Being Humble, But Credibility Still In Doubt (AMD, INTC, NVDA)

Posted: December 13, 2007 at 1:52 pm

Advanced Micro Devices (NYSE:AMD) shares are not trading well despite its analyst meeting today.  The number two processor maker said they expect to be break-even in Q2 2008 and will ...
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Could Citigroup (C) Fall To $15?

Posted: December 13, 2007 at 11:39 am

From mid-1998 to later that year, Citigroup (C) fell from $32 to just above $13. The stock moved from almost $4.50 in February of 1987 to $1.40 in October 1990. ...
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Blackstone Goes Vulture in Mortgages & Loans (BX, NLY, CIM)

Posted: December 13, 2007 at 10:09 am

The Blackstone Group (NYSE:BX) this morning announced that it has closed upon the Blackstone Credit Liquidity Partners L.P. and has secured capital commitments of more than $1.3 Billion.If you look ...
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Alternative Energy Stocks Get Favorable Research (AMSC, CLNE, ESLR, FSLR, ITRI, SPWR)

Posted: December 13, 2007 at 9:36 am

There were several different analyst calls today in the alternative energy sector.  There is new buy coverage out of UBS in some of the more active solar stocks.Alternative Energy Analyst ...
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