Quantcast

Daily Archives: May 1, 2008

Sun Microsystems (JAVA): Expelling Jonathan Schwartz

Jonathan Schwartz has become the kind of fast-talk, no delivery CEO whom investors loathe. He was the president of Sun Microsystems (JAVA) and in an appalling lack of judgment the ...
Read Full Story »

IPO FILING: Safety-Kleen HoldCo. (SK)

Safety-Kleen HoldCo. has submitted its IPO filing with the SEC today. The filing shows a maximum proposed offering price of $300 million, although this number is for filing purposes only. ...
Read Full Story »

Sun (JAVA) Earnings: Solar Eclipse

Sun (NASDAQ: JAVA) showed Wall St. once again that it is simply not a viable or relevant large tech company. Revenues for the third quarter of fiscal 2008 were $3.266 ...
Read Full Story »

The 52-Week Low Club (NWK)(MGM)(PDGI)(RDEN)

Network Equipment (NWK) Misses numbers and gets downgraded. Falls to $3.95 from 52-week high of $15.75. MGM Mirage (MGM) Slowdown in casino earnings at key rival. Sells off to $47.89 ...
Read Full Story »

SPAC Liquidation: HD Partners Acquisition Corp. (HDP)

HD Partners Acquisition Corp. (AMEX: HDP) (AMEX: HDP.U) (AMEX: HDP.WT), a SPAC, has been liquidated today. The Company will pay out $149,622,864.99 of the trust funds available to shareholders, resulting ...
Read Full Story »

Biotech Business Daily (ANIK, ATHX, HALO, IDRA, MRK, OMPI, REGN, DDD, SQNM)

There are lots of names moving in biotech and related fields today, and below are some of the top movers:Anika Therapeutics Inc. (NASDAQ: ANIK) moving up after reporting solid first ...
Read Full Story »

WisdomTree Launching Currency Income ETF’s (WSDT, CYB, ICN, BZF, JYF, EU)

WisdomTree Investments, Inc. (Pink Sheets: WSDT) and The Dreyfus Corporation, a BNY Mellon Asset Management Company, announced the launch of five WisdomTree Dreyfus Currency Income ETFs on the NYSE Arca.The ...
Read Full Story »

GM (GM): April Down 16%, Toyota (TM) Slips

April sales at GM (GM) fell 16.2% to 257,638.  Adjusted for two extra selling days sales dropped 22.7% led by a 32 percent decline in truck sales. Reuters reports that ...
Read Full Story »

Will Sun Microsystems Live Up To Plan? (JAVA)

Today after the close of trading we’ll get to see earnings out of Sun Microsystems Inc. (NASDAQ: JAVA). The estimates from First Call are $0.18 EPS on $3.38 billion in ...
Read Full Story »

ETF Launch: PowerShares Three Asset Allocation ETF’s (PCA, PAO, PTO)

Invesco PowerShares Capital Management LLC listed three new exchange traded funds (ETF) on the NYSE Amex. The ETFs will give investors exposure to long-term, core asset allocation strategies by investments ...
Read Full Story »

Ford (F) Slaughtered, April Sales Down 12%

If car sales are any indication of the broader economy, it is time to get to the food lines.In April, retail sales at the company fell 12% to 200,727. The ...
Read Full Story »

Generex Biotech Holders File To Unload (GNBT)

Generex Biotechnology Company (NASDAQ: GNBT), a drugdelivery system and technology developer, has filed an offering by sellingstockholders of up to 74,475,861 shares of common stock. The proposed maximum aggregateoffering price ...
Read Full Story »

ProShares ETF Launch: Short Selling Treasuries (PST, TBT)

The American Stock Exchange announced the launch of two new exchange traded funds by ProShare Advisors LLC today. The UltraShort Lehman 7-10 Year Treasury ProShares (Amex: PST) and UltraShort Lehman ...
Read Full Story »

Sun Healthcare Well-Served On Secondary Filing (SUNH)

Sun Healthcare Group (NASDAQ: SUNH) has filed for a mixed shelfoffering of $200 million this morning. They may periodically offer a combinationof common stock, preferred stock, debt securities, and warrants. ...
Read Full Story »

Rights Offering Pounds Guaranty Financial Group (GFG)

Guaranty Financial Group (NYSE: GFG) announced an offering of subscription rights to its shareholders. The terms have not yet been set for the non-transferable subscription rights although the subscription price ...
Read Full Story »