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Daily Archives: January 4, 2008

Warner (TWX) Goes With Sony (SNE) Blu-ray

Posted: January 4, 2008 at 6:22 pm

Warner, the studio wing of Time Warner (TWX) will throw its weight behind the Sony (SNE) Blu-ray high definition format. The new is a blow to the rival Toshiba HD-DVD ...
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Radio Shack: Julian Day Hardly Matters (RSH)

Posted: January 4, 2008 at 3:47 pm

When it comes to second tier electronics sellers, 2007 was not the greatest year and 2008 has these all hitting 52-week lows as well.  Today shares of Radio Shack (NYSE: ...
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Biotechs and Related Hitting 52-Week Lows Too (BBH, AMGN, AMLN, ARNA, GERN, INGN, PGNX, SUPG)

Posted: January 4, 2008 at 3:22 pm

Today has been a rough day with more 52-week lows than we can recall in quite some time.  The biotechs haven't been immune.  You can even see that the Biotech ...
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52-Week Low Club (Jan 4, 2007) Led By Financials, Restaurants, Retail, REIT, Property & Tech

Posted: January 4, 2008 at 12:22 pm

At 11:00 AM EST the NASDAQ was down 73 points and the S&P was was down some 25 points.... an hour later we had word of some $30 Billion in ...
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Ford (F) Drops Below Where It Traded During Chapter 11 Talk

Posted: January 4, 2008 at 11:38 am

In April 2006, Bill Ford, then CEO of the company which carries his name, say that Ford (F) would not file for bankruptcy. His comments were a reaction to credit ...
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Tech: The Weak Get Weaker (AMD)(MOT)

Posted: January 4, 2008 at 11:13 am

The tech sell-off is accelerating. It may be that Intel (INTC) got downgraded or that Motorola (MOT) may have had a weak Q4.But, the problem is probably worse than that. ...
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Turnarounds That Haven’t Turned Around: UTStarcom (UTSI)

Posted: January 4, 2008 at 10:46 am

UTStarcom Inc. (NASDAQ:UTSI) is one of the former high fliers that crashed and burned, despite its US-based operations with what was huge leverage in China.  In the past it had ...
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SPAC IPO FILING: China Energy Partners Inc.

Posted: January 4, 2008 at 9:29 am

There was another SPAC IPO filing last night.  A company called China Energy Partners Inc. has filed to sell units for stock and warrants for up to $402.5 million total, ...
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Citigroup (C) Write-Downs To Hit $15.3 Billion

Posted: January 4, 2008 at 9:16 am

KBW analyst Diane Merdian now estimates Citigroup (C) will take $15.3 billion in writedowns in the fourth quarter tied to mortgage-backed debt and collateralized debt obligations, instead of the $11 ...
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With Crummy Jobs Report, The R-Word Is Far Closer

Posted: January 4, 2008 at 8:39 am

Non-farm Payrolls increased a mere 18,000 jobs versus an expected 50,000 and the unemployment rate rose to 5.0% from 4.7% in November.  Hourly earnings rose 0.4%. It also looks like ...
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Goldman Sachs Raises Apple & Microsoft Estimates (AAPL, MSFT)

Posted: January 4, 2008 at 8:21 am

Goldman Sachs is raising estimates on both Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) today:On Microsoft (MSFT), Goldman Sachs has noted how the company "kicked itself out of the doldrums and outperformed" ...
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Top 10 Pre-Market Analyst Calls (ALL, GLW, DISH, GM, INTC, ITG, JNJ, PNM, RESP, UPL)

Posted: January 4, 2008 at 7:57 am

These are not the only top analyst calls impacting share prices this morning, but these are the main calls that 247WallSt.com is focusing on in pre-market trading this Friday morning:Allstate ...
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For The Economy, The Primaries Don’t Matter

Posted: January 4, 2008 at 7:07 am

The Iowa voting is over and the upsets are recorded. But, with the primaries about to begin in earnest and with the winners to be chosen before mid-year, it hardly ...
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Europe Markets 1/4/2008

Posted: January 4, 2008 at 6:52 am

Markets in Europe were mixed at 6.50 AM New York time. The FTSE was up .7% to 6,525. BP (BP) was up 1.5% to 645. BHP Billiton (BHP) was up ...
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GM’s (GM) Mad Forecast

Posted: January 4, 2008 at 6:30 am

The people at the GM (GM) headquarters must have had too much to drink over the holidays. According to Reuters GM "expects overall 2008 U.S. auto sales to be about ...
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