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Daily Archives: March 10, 2008

Cramer Hunts For Safe Harbor in a Storm: Genentech (DNA, GILD)

Posted: March 10, 2008 at 7:44 pm

On tonight's Mad Money on CNBC, Jim Cramer said he's officially going "cautious" and noted that you can't just start recommending stocks in the current market.  He noted that we ...
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IPO FILING: Eyeblaster, Inc. (EYEB)

Posted: March 10, 2008 at 5:05 pm

Eyeblaster, Inc. has filed a registration statement with the SEC for a proposed initial public offering of its common stock. Eyeblaster plans to list up to $115 million in stock ...
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So Far, CMGI Passes Earnings Test (CMGI)

Posted: March 10, 2008 at 4:06 pm

CMGI, Inc. (NASDAQ: CMGI) shares are trading up slightly in after-hours trading  after earnings.  The supply chain manager and internet incubator posted a 14.4% drop in revenues to $278.0 million, ...
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Market So Bad, Even Ex-Spitzer Target Stocks Close Much Lower (NYSE, AIG, JNS, MMC, MER)

Posted: March 10, 2008 at 3:22 pm

By now you have heard news of New York Governor Eliot Spitzer's involvement in a prostitution ring.  So much for crime and ethics fighters being immune from temptation.  But what ...
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The 52-Week Low Club (LVLT)(FNM)(C)(LEH)

Posted: March 10, 2008 at 3:02 pm

Lehman (NYSE: LEH) hit by concerns about huge Q1 write-offs. Falls to $42.77 from 52-week high of $82.05.Citigroup (NYSE: C) sells off because bank may have to raise more money. ...
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Biotech Monday (CRIS, CGRB, EXEL, MNKD, PDLI, SQNM, TCM)

Posted: March 10, 2008 at 2:25 pm

Curis Inc. (NASDAQ: CRIS) shares down 18% after development partner Wyeth terminated their contract that focused on cancer treatment developments. Shares are down $0.29 to $1.14. The 52 week range ...
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Citigroup, Now A Teenager (C)

Posted: March 10, 2008 at 1:50 pm

Shares of Citigroup (NYSE: C) have done what some would have thought impossible.  Last year that $40.00 floor was the imaginary hurdle, then $30.00 became the last hurdle.  But today ...
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CMGI Braces For Earnings (CMGI, SFE)

Posted: March 10, 2008 at 12:06 pm

Today we’ll get to see earnings out of CMGI Inc. (NASDAQ: CMGI).  First and foremost, we'd note that the actual estimates are a guide and that this one almost seems ...
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SPAC IPO FILING: PJSC Acquisition Corp.

Posted: March 10, 2008 at 11:29 am

PJSC Acquisition Corp. is another SPAC, or special purpose acquisition corporation, that has submitted an IPO filing to come public. The filing shows a target of $150 million from 15 ...
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Metal Commodity Price To Eat Car Company Margins, If They Had Any

Posted: March 10, 2008 at 10:48 am

Ford (NYSE: F) is trading near its 52-week low at $5.75. GM (NYSE: GM) came within a dime of its nadir today, trading at $21.43. These figures are not very ...
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IPO FILING: Bostwick Laboratories, Inc. (BOST)

Posted: March 10, 2008 at 10:31 am

Bostwick Laboratories, Inc. submitted an IPO filing Friday, March 7. The filing shows a proposed maximum amount in securities as $100 million.  The underwriters are listed as Banc of America, ...
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Fed: An Emergency Rate Cut

Posted: March 10, 2008 at 10:23 am

The Fed may cut rates between now and its scheduled meeting on March 18, according to Goldman Sachs. The firm said it had previously expected the cuts to come later. ...
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Citigroup See $9 Billion Write-Downs At Investment Banks

Posted: March 10, 2008 at 10:05 am

The first quarter should be another brutal right of passage for big investment banks. Citigroup is forecasting that they will have to write-down another $9 billion in Q1. According to ...
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Tiptree, A Filing For Private Vulture Fund

Posted: March 10, 2008 at 9:48 am

Tiptree Financial Partners, L.P. has submitted a filing to sell securities, although this is not a traditional IPO.  This is a limited partnership holding company managed by Tricadia Capital that ...
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EMC’s Value In Iomega Snubbed (IOM, EMC)

Posted: March 10, 2008 at 9:15 am

If you have followed mobile storage solutions for computing for more than a decade, you know Iomega Corp. (NYSE: IOM).  The company used to be the leader for its Zip ...
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