Quantcast

Daily Archives: May 1, 2008

Sun Microsystems (JAVA): Expelling Jonathan Schwartz

Posted: May 1, 2008 at 6:11 pm

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)

Posted: May 1, 2008 at 3:35 pm

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

Posted: May 1, 2008 at 3:09 pm

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)

Posted: May 1, 2008 at 2:48 pm

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)

Posted: May 1, 2008 at 2:30 pm

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)

Posted: May 1, 2008 at 1:58 pm

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)

Posted: May 1, 2008 at 1:51 pm

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

Posted: May 1, 2008 at 1:07 pm

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)

Posted: May 1, 2008 at 12:56 pm

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)

Posted: May 1, 2008 at 11:35 am

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%

Posted: May 1, 2008 at 11:14 am

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)

Posted: May 1, 2008 at 10:47 am

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)

Posted: May 1, 2008 at 10:35 am

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)

Posted: May 1, 2008 at 10:23 am

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)

Posted: May 1, 2008 at 10:02 am

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 »