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Daily Archives: February 1, 2008

52-Week Low Club (AVID, CERN, DRIV, MIL, NZ, OMCL, HPOL, FLE, ACTU)

Posted: February 1, 2008 at 4:01 pm

These are some of the more active stocks that were trading on new 52-week lows today:Avid Technology Inc. (NASDAQ:  AVID). Selling at lowest level since 2003 today at around $19.20 ...
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Carl Icahn Buying Into J.C.Penney? (JCP)

Posted: February 1, 2008 at 1:48 pm

The WSJ has reported that Carl Icahn has been amassing a stake in J.C.Penney Co. (NYSE: JCP).  Unfortunately, the WSJ is citing "people familiar with the matter."  Those people are ...
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FDA’s First Stent Approval Since 2004 (MDT, JNJ, BSX, ABT)

Posted: February 1, 2008 at 12:35 pm

Medtronic, Inc. (NYSE: MDT) has just announced that it has received formal approval from the FDA to market its Endeavor Zotarolimus-Eluting Coronary Stent System for the treatment of coronary artery ...
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Will Transmeta Agree To Sell For $15.50? (TMTA, INTC, AMD)

Posted: February 1, 2008 at 10:46 am

Transmeta Corp. (NASDAQ: TMTA) may be an interesting stock now.  The company scored a major win with a legal settlement/victory last year over Intel (NASDAQ: INTC).  Now Transmeta issued a ...
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Chevron Beats Earnings On Mixed Results (CVX)

Posted: February 1, 2008 at 10:01 am

Chevron Corp. (NYSE: CVX) has posted strong earnings today, although there are some mixed operational numbers that might bring at least some pause for shareholders.Higher oil prices are finally generating ...
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Exxon Mobil Has Biggest Quarter Ever (XOM)

Posted: February 1, 2008 at 8:19 am

It appears that record oil prices really are paying off for Exxon Mobil Corp. (NYSE: XOM).  The largest company by market cap is reporting that it made some $11.66 Billion ...
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Bond Insurer Rescue Package From Banks? (MBI, ABK)

Posted: February 1, 2008 at 8:03 am

Ambac Financial Group Inc. (NYSE: ABK) and MBIA (NYSE: MBI) are both trading higher in pre-market trading this morning.  CNBC squeezed in a report after covering the Yahoo!-Microsoft that there ...
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Top 10 Pre-Market Analyst Calls (ADBL, GOOG, LOW, MXIM, MEDX, MS, MOT, OI, TIVO, DIS)

Posted: February 1, 2008 at 7:43 am

Below are ten of the top analysts calls that247WallSt.com is looking at this morning:Audible (NASDAQ: ADBL) downgraded to Hold from Buy at Citigroup.Google (NASDAQ: GOOG) downgraded to Hold from Buy ...
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A Big Win For Yahoo! Shareholders, Microsoft (MSFT) Makes A Bid

Posted: February 1, 2008 at 6:47 am

It is the best news that Yahoo! (YHOO) investors have had in years. Microsoft (MSFT) has offered to buy the company for $31 representing a total equity value of approximately ...
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No Cut From OPEC, No Relief For The US

Posted: February 1, 2008 at 6:26 am

It is all about the "Benjamins". OPEC wants more money, every month of every year. The cartel signaled that it will not increase oil production at its current meeting. Their ...
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2007: The Internet’s Worst Year Ever (GOOG)(YHOO)(EBAY)(AMZN)

Posted: February 1, 2008 at 6:13 am

Google (GOOG) joined the list of big online companies that disappointed just about everyone with its earnings. Revenue rose 51 percent to $4.827 billion. That just wasn't enough.Google's share will ...
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A Way Out For Motorola (MOT): A JV With Sony Ericsson

Posted: February 1, 2008 at 5:57 am

When Sony (SNE) and Ericsson (ERIC) found that neither had enough market share to go it alone in the global handset business, they merged their operations. During 2007, the joint ...
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Rio Tinto (RTP): A Mad Bid For Questionable Assets (BHP)(AA)

Posted: February 1, 2008 at 5:39 am

Most on Wall St. believed that Alcoa (AA) was the odd man out in the metals industry. It missed out on buying Alcan. It has been nowhere to be seen ...
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Media Digest 2/1/2008 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: February 1, 2008 at 4:15 am

According to Reuters, Chinese mining group Chinalco and Alcoa (AA) have bought 12% of Rio Tinto (RTP) setting up a potential bid against BHP Billiton (BHP).Reuters writes that Motorola (MOT) ...
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Asia Markets 2/1/2008 (CHL)(PTR)

Posted: February 1, 2008 at 3:49 am

Markets in Asia were mixed.The Nikkei fell ,7% to 13,497. Hita hi (HIT) rose 1.5% to 807. KDDI fell 5.2% to 681000. The Hang Seng moved up 2.9% to 24,124. ...
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