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Daily Archives: December 20, 2007

Biotech Implosion: Genitope (GTOP)

Posted: December 20, 2007 at 4:58 pm

Genitope Corp. (NASDAQ:GTOP) probably just made sure the workers' kids won't be getting much more than coal this year.  Genitope announced that its pivotal Phase 3 clinical trial examining the ...
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Research In Motion Sails Ahead (RIMM)

Posted: December 20, 2007 at 4:14 pm

Research In Motion Ltd. (NASDAQ:RIMM) posted earnings with Net Income of $370.5 million, or $0.65 per share diluted on $1.67 Billion in revenues.  First Call had estimates pegged at $0.62 ...
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The 52-Week Low Club (C)(MBI)(RAD)

Posted: December 20, 2007 at 4:03 pm

Rite Aid Corporation (RAD) Ugly earnings. No turnaround here. Falls to $2.71 from 52-week high of $6.74.MBIA (MBI) Concerns about CDOs being insured here. Falls to $18.84 from 52-week high ...
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Turnarounds That Haven’t Turned Around: Nortel (NT, CSCO, ALU)

Posted: December 20, 2007 at 3:32 pm

Nortel Networks Corp. (NYSE:NT) is one of the old tech/telecom equipment stocks that has never seemed to be able to make a turnaround hold.  The company is far from alone ...
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Turnarounds That Haven’t Turned Around: JDS Uniphase (JDSU)

Posted: December 20, 2007 at 2:39 pm

There are many companies that have been troubled and involved in turnarounds for quite some time that just never quite seem to get turned around.  Enter JDS Uniphase (NASDAQ: JDSU).  ...
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Research In Motion Earnings Preview & Tech Fallout (RIMM, AAPL, PALM)

Posted: December 20, 2007 at 12:18 pm

Research In Motion Ltd. (NASDAQ:RIMM) is set to report earnings after today's close in what is going to be one of the last big tech reports of 2007.  For its ...
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Confidence In Banking Fix Dissolves As Citigroup (C) Hits New Lows

Posted: December 20, 2007 at 11:13 am

Citigroup (C) is back to it new lows, trading down to $29.52. Citi could have been driven down by the losses at Bear Stearns (BSC). It could be that Fitch ...
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Footnoted.org Poll

Posted: December 20, 2007 at 10:03 am

A poll on the "Stupidest FootNote of 2007" from our friends at Footnoted.orgDouglas A. McIntyre ...
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NetSuite Remind You Of Anyone?… Almost & Not Quite (N, VMW, ORCL, EMC)

Posted: December 20, 2007 at 9:51 am

NetSuite (NYSE: N) is one we covered with a strengthening bid ahead of its IPO, but it priced at $26.00.  That is twice the initial price forecast.  Shares traded slightly ...
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Slaughter Stocks: LDK Solar (LDK), MBIA (MBI), And Rite Aid (RAD)

Posted: December 20, 2007 at 9:38 am

It's a big day for big caps to get eviscerated.Rite Aid (RAD) is off 20% after reporting a bad quarter/MBIA (MBI) is down 18% on a negative outlook from S&P.LDK ...
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When Brokers Defy Logic (BSC, MS, GS, MER)

Posted: December 20, 2007 at 9:33 am

Whether or not the markets comply going into year-end is a completely different issue.  But these brokerage stocks look like they are trying to find a bottom as they throw ...
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McClatchy (MNI) Falls Apart

Posted: December 20, 2007 at 9:24 am

November was another horrible month for newspaper chain McClatchy (MNI). The company said that both consolidated advertising and total revenues in November 2007 decreased 9.2%.Real estate classified revenue was down ...
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Qualcomm (QCOM) Raises Guidance

Posted: December 20, 2007 at 9:18 am

No matter how big its legal problems are with Nokia (NOK) or Broadcom (BRCM), Qualcomm (QCOM) keeps chugging along. Qualcomm said that based on the current business outlook, it now ...
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Local.com Meets Barry Diller (LOCM, IACI)

Posted: December 20, 2007 at 9:01 am

Local.com (NASDAQ:LOCM) is seeing its shares surge some 15% pre-market after it signed a new pact today.  It has entered a strategic partnership with Barry Diller's IAC/Interactive (NASDAQ:IACI).Local.com says it ...
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Rite Aid Can’t Get It Right (RAD, CVS, WAG)

Posted: December 20, 2007 at 8:20 am

Rite Aid Corp. (NYSE: RAD) is indicated to open lower after the company posted another net loss for the quarter.  It also lowered guidance for a second time.  We just ...
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