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Daily Archives: April 8, 2008

Wall St. Frets Over Sun (JAVA)

Posted: April 8, 2008 at 7:29 pm

Sun Microsystems (NASDAQ: JAVA) titillates investors every year or so with some series of announcements. It is building up its operations in China. It has a new open source software ...
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Citigroup (C) To Dump Debt For 90% Of Face

Posted: April 8, 2008 at 5:29 pm

Citigroup (NYSE: C) is near a deal to sell $12 billion of problem corporate debt to a group of private equity firms. According to The Wall Street Journal the firms ...
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EMC Wins In Pursuit of Iomega (EMC, IOM)

Posted: April 8, 2008 at 3:53 pm

EMC Corp. (NYSE: EM) has won in its attempt to acquire Iomega Corporation (NYSE: IOM).   EMC will acquire San Diego-based Iomega for a purchase price of $3.85 per share in ...
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ATV Sales Hurting Arctic Cat (ACAT, PII)

Posted: April 8, 2008 at 3:30 pm

Arctic Cat Inc. (NASDAQ: ACAT) is seeing shares come off the tracks in after-hours trading after the company previewed poor results.  The company places the blame on on lower than ...
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Mortgage Problems: A $945 Billion Loss

Posted: April 8, 2008 at 3:15 pm

The International Monetary Fund came late to the mortgage crisis, but they bought the worse news.The IMF said that "Total losses, including the securities tied to commercial real estate and ...
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The 52-Week Low Club (FMD)(GRD)(GRMN)(SSCC)(SCUR)

Posted: April 8, 2008 at 3:01 pm

First Marblehead (FMD) Fears about student market loans hit company. Down to $4.62 from 52-week high of $45.70.Agria (GRD) COO leaves and annual report delayed. Shares down to $4.03 from ...
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FOMC Admits Recession, Without Saying Recession

Posted: April 8, 2008 at 2:35 pm

Today's March 18 minutes from the FOMC meeting, which already gave us a rate cut and comments about a weak economy, included comments that fed governors were more worried than ...
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Garmin Punished by TomTom Warning, A Week After Garmin’s Own Downward Guidance (GRMN, TRMB, NVT, NOK)

Posted: April 8, 2008 at 1:32 pm

Garmin Ltd. (NASDAQ: GRMN) is in a funk, after being in its own funk less than one week ago.  Just last week it gave comments to Reuters discussing forward guidance ...
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IPO Withdrawal: CampusU

Posted: April 8, 2008 at 1:00 pm

CampusU has filed a registration withdrawal form with the SEC today.  The company has filed to withdraw its proposed IPO.  You can guess why""The Registrant has determined, because of unfavorable ...
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Valuation Of The New York Times Newspaper (NYT)

Posted: April 8, 2008 at 12:17 pm

Everyone wants to buy a seat on the board of The New York Times Company (NYT). Morgan Stanley's asset management arm made a run at it, and they were turned ...
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Morgan Stanley (MS) CEO Clairvoyant As Usual

Posted: April 8, 2008 at 11:29 am

John Mack, who has run every investment bank on Wall St, and is now CEO of Morgan Stanley (MS) says the next few quarters will be tough for the financial ...
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Devon Scores Major Gain On Sale of Equatorial Guinea Ops (DVN)

Posted: April 8, 2008 at 11:29 am

Devon Energy Corp. (NYSE: DVN) has reached an agreement to sell its oil and gas business in Equatorial Guinea to GEPetrol, the African country's national oil company.  The value of ...
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Intel Capital’s New China Ventures Could See IPO’s (INTC)

Posted: April 8, 2008 at 9:26 am

Intel Corp. (NASDAQ: INTC) has announced full details for its venture capital arm's Intel Capital global venture investment activities in China with the launch of a second China investment fund.  ...
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WaMu Gets Takeunder Financing From TPG (WM)

Posted: April 8, 2008 at 8:30 am

Washington Mutual (NYSE: WM) has outlined its details of a financial aid or rescue finance package.  The company is raising a total of $7 Billion via direct stock sales to ...
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Goldman Sachs Makes Key Financial Calls (BEN, JNS, NYX, NDAQ, MET, FII, NITE, OZM)

Posted: April 8, 2008 at 8:00 am

Goldman Sachs has issued a call on its asset manager universe, and says it's time to go on the offensive.  Its rating on the group is now attractive.  The bulge ...
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