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Daily Archives: May 6, 2008

UTStarcom Miraculously Pins The Tail on the Donkey (UTSI)

Posted: May 6, 2008 at 5:10 pm

If there has ever been a battered and tattered tech stock, UTStarcom Inc. is the epitome of that.  Almost miraculously, the company has raised guidance and shares are soaring.  The ...
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Cisco Guidance, “Decent” to “Good Enough” (CSCO)

Posted: May 6, 2008 at 4:14 pm

We already reported earnings out of Cisco Systems (NASDAQ: CSCO).  The networking giant posted $0.38 non-GAAP EPS on revenues of $9.8 Billion, which were ahead of First Call targets of ...
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Sprint (S) and Clearwire (CLWR) Get Billions For WiMax

Posted: May 6, 2008 at 3:38 pm

Wall St. said WiMax was dead. Sprint (NYSE: S) which was going to build a $5 billion network for its broadband wireless network did not have the capital. Neither did ...
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Cisco Systems Pulls A Rabbit From The Tech Hat (CSCO)

Posted: May 6, 2008 at 3:18 pm

Cisco Systems (NASDAQ: CSCO) has come out with earnings after the close and shares are initially up on the news.  The company posted $0.38 non-GAAP EPS on revenues of $9.8 ...
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Disney (DIS): Walt Would Be Proud

Posted: May 6, 2008 at 3:16 pm

Disney (DIS) had the kind of quarter that a company based on the fantastic should have.Diluted EPS for the second quarter increased to $0.58, compared to $0.44 in the prior-year ...
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The 52-Week Low Club (PSS)(SUN)(THO)

Posted: May 6, 2008 at 3:02 pm

Collective Brands (PSS) An unfavorable verdict in a lawsuit with Adidas.Drops to $9.14 from 52-week high of $37.20Sunoco  (SUN) Analyst downgrade. Down to $43.88 from 52-week high of $80.40.Thor Industries ...
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Advanced Micro Devices Rises On Chatter (AMD)

Posted: May 6, 2008 at 12:34 pm

Advanced Micro Devices Inc. (NYSE: AMD) is seeing a crazy and active day.  We saw an unusual rise in this yesterday on active volume, but that rise was a 6% ...
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Biotech Business Daily (GSK, MRK, OMPI, STEM, TEVA, VNDA)

Posted: May 6, 2008 at 12:17 pm

Here are some of the top stories today that affecting key drug and biotech stocks:GlaxoSmithKline (NYSE: GSK) reorganized its corporate structure, increasing focus on emerging markets such as China, Russia, ...
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Can Blue Nile Earnings Outshine Short Sellers? (NILE)

Posted: May 6, 2008 at 11:53 am

Today after market close we’ll get to see the earnings out of Blue Nile Inc. (NASDAQ: NILE). Blue Nile has suffered a miserable time of it since the highs last ...
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Capital Senior, Brookdale, Senior Housing Lead Old Folks Homes Earnings Week (CSU, BKD, SNH, SRZ, SCI)

Posted: May 6, 2008 at 11:31 am

This week, we'll see earnings from many of the top publicly traded retirement homes.  We have earnings from Capital Senior Living Corp. (NYSE: CSU), Brookdale Senior Living Inc. (NYSE: BKD), ...
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WuXi PharaTech, Worth More on Secondary Cancellation (WX)

Posted: May 6, 2008 at 10:12 am

WuXi PharmaTech (Cayman) Inc. (NYSE: WX) announced today that it has decided to postpone its follow-on offering of American Depository Shares "due to current market conditions and share price."Credit Suisse ...
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Yellow Gold Rises Faster than Black Gold (GG, ABX, KGC)

Posted: May 6, 2008 at 9:20 am

We've now seen earnings out of gold giants Barrick Gold Corporation (NYSE:ABX) and Goldcorp (NYSE:GG), and after the close we'll see earnings out of Kinross Gold Corporation (NYSE:KGC).  As you ...
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Goldman Sachs and $150 to $200 Oil (Part II) (GS)

Posted: May 6, 2008 at 8:32 am

Goldman Sachs (NYSE: GS) has come out and updated its "oil super-spike" prices today.  In fact, it ponders whether or not the super-spike end game has begun.  We covered part ...
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Blackstone Closed on 3 CLO’s In Q2 So Far (BX)

Posted: May 6, 2008 at 7:45 am

The Blackstone Group (NYSE:BX) has announced the closing of three newly created collateralized loan obligation funds totaling $1.3 billion.  Yep, CLO's. These were all created over the past month. In ...
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Playboy, Challenged By Media Trends & Economy (PLA)

Posted: May 6, 2008 at 7:18 am

Playboy Enterprises, Inc. (NYSE: PLA) has reported a net loss for the first quarter of $3.1 million, or -$0.09 per basic and diluted share, on and 8% decline in revenues ...
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