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Daily Archives: May 12, 2008

Petro-Canada, New Debt For Old Debt (PCZ)

Posted: May 12, 2008 at 6:04 pm

Petro-Canada (NYSE: PCZ) is selling a total $1.5 Billion in debt to a syndicate of underwriters in the United States.  Of the full offering, some $600 million in debt of ...
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Southwest Airlines Takes Down New $600 Million Loan (LUV)

Posted: May 12, 2008 at 5:47 pm

Southwest Airlines Co. (NYSE: LUV) has disclosed in an SEC Fling that On May 6, 2008 the company entered into a term loan agreement with Citibank and seven European banks ...
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Why Didn’t Dell (DELL) Buy EDS (EDS)?

Posted: May 12, 2008 at 5:23 pm

Late word is that Hewlett-Packard (HPQ) plans to buy technology outsourcing company EDS (EDS) for something like $13 billion. Shares in EDS rose almost 28% on the rumor. HPQ has ...
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Whole Foods & Earnings… Luxury or Staple??? (WFMI)

Posted: May 12, 2008 at 5:14 pm

Tuesday after the close, we’ll get to see earnings out of Whole Foods Market Inc. (NASDAQ: WFMI). The estimates for the organic food grocer from First Call are $0.30 EPS ...
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Electronic Arts…. Earnings Guidance or Merger?? (ERTS, TTWO)

Posted: May 12, 2008 at 4:56 pm

After the close of trading on Tuesday, we’ll get to see earnings out of Electronic Arts Inc. (NASDAQ: ERTS). The estimates for the video game software game giant from First ...
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Can Solar Drive Applied Materials Earnings? (AMAT)

Posted: May 12, 2008 at 4:46 pm

Tuesday after the close, we’ll get to see earnings out of Applied Materials Inc. (NASDAQ: AMAT). The estimates for the semiconductor fabrication company from First Call are $0.22 EPS on ...
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An Ignominious Death For Merged Sirius (SIRI) XM Satellite Radio (XMSR)

Posted: May 12, 2008 at 4:35 pm

Over the last few weeks several state attorneys general have come out against the merger of Sirius (SIRI) and XM Satellite Radio (XMSR). There has also been talk of a ...
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Sirius & XM Earnings Come & GO… Next Stop, The FCC (SIRI, XMSR)

Posted: May 12, 2008 at 4:07 pm

This afternoon we saw earnings out of Sirius Satellite Radio Inc. (NASDAQ: SIRI) and we saw earnings from XM Satellite Radio (NASDAQ: XMSR) this morning before the open.  Unfortunately, it ...
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H-P Confirms EDS Talks, Who’s Next? (EDS, HPQ, ACN, CSC, ACS, PER, UIS, ACXM, BE)

Posted: May 12, 2008 at 3:17 pm

As traders look to the news covering whether or not Electronic Data Systems Corporation (NYSE: EDS), there was a release from Hewlett-Packard Co. (NYSE: HPQ) that confirmed the two companies ...
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The 52-Week Low Club (EVR)(PLA)(CMLS)(LGBT)

Posted: May 12, 2008 at 2:48 pm

Evercore Partners (EVR) was knocked down to $12.54 against a 52-week high of $33.Playboy Enterprises (PLA) sold off to $6.80 on a continuing poor reaction to earnings. The company has ...
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Citigroup (C) Can’t Be Fixed: A $10 Stock?

Posted: May 12, 2008 at 2:35 pm

It may be that Citigroup (C) will never be fixed. According to Oppenheimer & Co analyst Meredith Whitney the bank "will be forced to announce the sale of major businesses ...
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Market Talk: H-P & EDS??? (HPQ, EDS)

Posted: May 12, 2008 at 2:10 pm

If you thought big tech mergers were over, there may be another one brewing.  Be sure to focus on the term "may"" in that.  The WSJ has reported that Hewlett-Packard ...
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Biotech Business Daily (AMAG, CEGE, IMCL, XOMA, TRCA)

Posted: May 12, 2008 at 1:21 pm

AMAG Pharmaceuticals (NASDAQ: AMAG) has been added to the Nasdaq Biotechnology Index (NASDAQ: NBI) beginning May 19, 2008. AMAG shares up $1.26 at $39.85. The 52-week range is $38.16 to ...
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Online Video Consumption Up, No One Making Money (GOOG)(VIA)(NWS)(MSFT)(YHOO)

Posted: May 12, 2008 at 1:15 pm

Online videos viewed in March moved up to 11.5 billion, a 13% jump from the year before and a tremendous pop of 64% over the same month last year.The question ...
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Clear Channel (CCU) Pistol Whips It Banks? (C)(DB)(MS)(CS)(RBS)(WB)

Posted: May 12, 2008 at 1:02 pm

Clear Channel (CCU) has a leveraged buy-out in place. Of course, like many of these deals cut last years, the banks tried to walk out a side door. often claiming ...
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