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Daily Archives: April 22, 2008

American Water Works IPO Looks Slightly Under Water (AWK)

Posted: April 22, 2008 at 7:13 pm

American Water Works Co. (NYSE: AWK) is coming back on the US market.  The deal has priced this evening and will trade on the NYSE on Wednesday morning.  A trader ...
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Cramer Takes His Gas To El Paso & Nabors (EP, NBR)

Posted: April 22, 2008 at 5:22 pm

In light of EARTH DAY, Jim Cramer came on MAD MONEY on CNBC with a natural gas pick tonight.  His pick tonight is El Paso Corp. (NYSE: EP) which is ...
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Plug Power Backer Files To Unplug (PLUG)

Posted: April 22, 2008 at 4:49 pm

Plug Power Inc. (NASDAQ: PLUG) has just filed a shelf registration for a secondary offering of 39.5 million shares of common stock.  Based on recent prices that translates to a ...
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SPAC/Blank Check IPO Filing: Angelo, Gordon Acquisition Corp.

Posted: April 22, 2008 at 4:23 pm

Angelo, Gordon Acquisition Corp., a Blank Check company or a Special Purpose Acquisition Company, has filed to come public via an IPO.  The company has filed to sell some 30 ...
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Sirtris Major Buyout Premium From GlaxoSmithKline, Public Under a Year (SIRT, GSK)

Posted: April 22, 2008 at 4:07 pm

GlaxoSmithKline (NYSE: GSK) has announced that it has entered into a definitive acquisition pact with Sirtris Pharmaceuticals Inc. (NASDAQ: SIRT). The drug giant will pay approximately $720 million via a ...
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Broadcom Trumps Revenues (BRCM)

Posted: April 22, 2008 at 3:46 pm

Broadcom Corp. (NASDAQ: BRCM) has issued earnings of $0.14 EPS on a GAAP basis on $1.032 Billion in revenues.  First Call has EPS on a non-GAAP basis as $0.28 so ...
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Yahoo! (YHOO): Earnings Hogwash

Posted: April 22, 2008 at 3:38 pm

Yahoo! (YHOO) had the bad judgment to start its earnings PR talking about what the company would look like in two years. "we believe we can significantly accelerate our revenue ...
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VMware Doesn’t Repeat Prior Disappointment (VMW, EMC)

Posted: April 22, 2008 at 3:28 pm

VMware Inc. (NYSE: VMW) decided not to make a repeat of last quarter's earnings disappointments.  The king of virtualization posted net income of $43 million on $438 million in revenues. ...
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SPAC/Blank Check IPO Filing: GF Acquisition Corp. (GFX)

Posted: April 22, 2008 at 2:56 pm

Last night, we saw another SPAC IPO filing with the SEC.  GF ACQUISITION CORP. filed as a Specialty Purpose Acquisition Company to come public via a sale of 8 million ...
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The 52-Week Low Club (DAL)(AMR)(LCC)(UAUA)

Posted: April 22, 2008 at 2:55 pm

Delta Air Lines Inc (DAL) Fuel costs, faltering earnings. Drops to $6.70 from 52-week high of $21.85.AMR (AMR) Another airline. Sells off to $7.05 from 52-week high of $29.47.US Airways ...
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CostCo (COST): As Inflation Rises, Food Hoarding Begins

Posted: April 22, 2008 at 1:48 pm

Shoppers are raiding CostCo (COST) for rice and wheat. At least the are paying for it, for the time being anyway. The discount retailers CEO says that "enough is enough". ...
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Yahoo! Earnings Likely A Sideshow (YHOO, MSFT)

Posted: April 22, 2008 at 12:22 pm

Yahoo! Inc. (NASDAQ: YHOO) reports earnings today after the close, and hopefully we get one more glimpse of what is going on inside Jerry Yang's head.  The search engine and ...
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OPEC Could Increase Production 5 Million Barrels A Day By 2012

Posted: April 22, 2008 at 11:01 am

AFP is reporting today that OPEC's secretary general, Abdalla Salem El-Badri, has stated that the cartel "plans to lift production capacity by five million b/d by 2012." El-Badri's also noted ...
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Apple (AAPL): The Mac Finally Moves Beyond Consumers, Sells To Small Businesses

Posted: April 22, 2008 at 10:33 am

The knock on sales of the Apple's (AAPL) Mac has been that they are limited to consumers, colleges, and media companies. But, as Mac purchases grow at a rate of ...
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More Bad News from the Oil Patch (BHI, BJS, SII)

Posted: April 22, 2008 at 8:37 am

Three more oil field services companies reported earnings today, and there isn't much good news in any of the announcements. Baker Hughes (NYSE:BHI) reported EPS of $1.27, which includes a ...
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