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Daily Archives: April 15, 2008

Intel (INTC): Atlas Holds The World Aloft

Posted: April 15, 2008 at 6:26 pm

After rafts of bad news from every corner of the business arena starting with GE (NYSE: GE) and spreading to Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB), a hard ...
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Search Engine Number For March (YHOO)(GOOG)(MSFT)

Posted: April 15, 2008 at 5:52 pm

According to comScore, Google (NASDAQ: GOOG) continued its climb in US search engine share. The number for Yahoo! (NASDAQ: YHOO) dropped slightly as did the figure for Microsoft (NASDAQ: MSFT).The ...
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CV Therapeutics Soars on TPG-Axon Financing (CVTX)

Posted: April 15, 2008 at 4:46 pm

CV Therapeutics, Inc. (NASDAQ: CVTX) has secured a deal with TPG-Axon Capital, where it will receive up to $185 million in exchange for the rights to 50% of CV Therapeutics' ...
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Intel Gets Initial Cheer (INTC)

Posted: April 15, 2008 at 3:25 pm

Intel Corp. (NASDAQ: INTC) posted earnings after the close, and Wall Street is cheering the results so far.  It just posted $0.25 EPS on some $9.67 Billion in revenues.  First ...
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Genentech Expands Stock Buybacks (DNA)

Posted: April 15, 2008 at 3:12 pm

Genentech, Inc. (NYSE:DNA) has announced that the biotech giant has authorized the extension of its current stock repurchase program through June 30, 2009 and it amended the current repurchase program.It ...
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The 52-Week Low Club (BORL)(SIGM)(NVTL)(AFFX)(CROX)

Posted: April 15, 2008 at 3:00 pm

Fremont General  (FMT) Down 50% today. Finally delisted. Hit bottom at $.26 against 52-week high of $13.80.Avnet (AVT) Warns on profits. Slips to $27.76 from 52-week high of $44.68.Kinetic Concepts ...
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Covad, Public No More (DVW)

Posted: April 15, 2008 at 2:27 pm

Platinum Equity has announced that the private equity firm has now completed the acquisition of Covad Communications Group, Inc. (AMEX: DVW) in a merger with a total value of approximately ...
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Citigroup Says Auction-Rate Market Dead As A Doornail

Posted: April 15, 2008 at 2:14 pm

The auction-rate market, created in 1985, has fundamentally shut down since February sticking individual investors and corporations with the "near cash" securities. Texas Instruments (NYSE: TXN), Palm (NASDAQ: PALM), and ...
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Intel Earnings To Dictate Trend of Tech Stocks (INTC, AMD)

Posted: April 15, 2008 at 11:55 am

After today's closing bell, we'll see earnings for Q1-2008 from Intel Corp. (NASDAQ: INTC).  The processor and chip giant estimates from First Call are $0.25 EPS on $9.63 Billion in ...
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Social Networking Goes Adult (PRVT, LNET, NOOF, PLA)

Posted: April 15, 2008 at 11:22 am

Private Media Group, Inc. (NASDAQ: PRVT) ia announcing a unique launch with Pilgrim Telephone, Inc. for the U.S. and Canada.  This will marry Private' adult entertainment with Pilgrim's social networking ...
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Survey Finds High Inflation & Spending Cut Winners & Losers (WMT, COST, SHLD, BBBY, M)

Posted: April 15, 2008 at 10:54 am

There is an interesting report out of ChangeWave, which shows that higher prices combined with tighter consumer pocketbooks are driving customers significantly. A large-scale movement to discount retailers driven by ...
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Earnings Damage Widens Across Industries (CROX)(AFFX)(NVTL)

Posted: April 15, 2008 at 8:57 am

The latest earnings news is a clear and definite indicator that the earnings damage from the current slowdown is unlike to take prisoner.Crocs (NASDAQ: CROX), the maker of odd-balls shoes ...
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Economic News: Housing, Producer Prices

Posted: April 15, 2008 at 7:40 am

According to Bloomberg "U.S. foreclosure filings jumped 57 percent and bank repossessions more than doubled in March from a year earlier as adjustable mortgages increased and more owners gave up ...
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BlackRock’s Ten Reasons To Invest In US Equities

Posted: April 15, 2008 at 7:24 am

From Reuters, a list of the ten reasons that investors should put money into US equities:1) Investor and consumer sentiment measures are very pessimistic, which often marks the bottom of ...
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Google (GOOG) Wants To Be No.1 In China, No Chance

Posted: April 15, 2008 at 6:36 am

Google (NASDAQ: GOOG) has set its sights on being the No.1 search engine in China. It will have to get ahead of the top search company there, Baidu (NASDAQ: BIDU), ...
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