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Daily Archives: June 5, 2008

Vanguard Splitting Some ETF’s; A Smart Move (VTI, VWO, VXF, MER)

Posted: June 5, 2008 at 7:41 pm

There has been an interesting development in ETF Land, and it may actually help Joe Q. Public in its ability to own shares in each of these ETF's.  Vanguard Group ...
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Will Lehman (LEH) Pre-Announce Earnings?

Posted: June 5, 2008 at 6:02 pm

CNBC is reporting that Lehman (LEH) may pre-announce earnings. Fears about huge losses in the last quarter have taken the stock from over $37 five trading days ago to under ...
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No Benefit of Doubt for Focus Media (FMCN)

Posted: June 5, 2008 at 3:35 pm

Focus Media Holding Ltd. (NASDAQ: FMCN) has just posted earnings.  Despite beating estimates, Wall Street isn't trusting its guidance issues "from the earthquake." Total GAAP revenues grew 214.7% year-over-year to ...
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Grand Theft Auto IV Leads Take-Two (TTWO)

Posted: June 5, 2008 at 3:15 pm

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) has posted results well above estimates.  It reported $539.8 million in net revenues, up more than 150% from last years $205.4 million due to ...
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The 52-Week Low Club (BRLC)(PFE)(NOK)(WBS)

Posted: June 5, 2008 at 2:59 pm

Webster Financial (WBS) Bank needs to raise cash. Falls to $21.77 from 52-week high of $46.40.Pfizer (PFE) Concerns about product pipeline. Sells down to $18.45 from 52-week high of $27.33.Nokia ...
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Broadcom’s Great Sales & Options Techniques (BRCM)

Posted: June 5, 2008 at 2:38 pm

If you read through the indictment charges reported around the web on Broadcom Corp.'s (NASDAQ: BRCM) co-founder and former CEO Henry Nicholas, it reads like something fit for tabloids.  The ...
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Level 3 (LVLT): Overbought Stock Of The Year, Or Will Company Be Bought?

Posted: June 5, 2008 at 2:15 pm

It made some sense for Level 3 (LVLT) to be up yesterday. It was. It moved from $3.53 early on June 3 to $4.07 yesterday.LVLT did sell its publishing business ...
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Insiders at MBIA & Ambac Buy Shares (MBI, ABK)

Posted: June 5, 2008 at 11:37 am

We have seen numerous transactions today in different FORM 4 filings where executives at both MBIA Inc. (NYSE: MBI) and AMBAC Financial Group Inc. (NYSE: ABK) have gone out into ...
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FCC Chairman Martin On SIRIUS (SIRI) Merger

Posted: June 5, 2008 at 10:50 am

The artful dodger FCC chairman Kevin Martin hit the airwaves on CNBC today,When he was asked about the merger between Sirius (SIRI) and XM Satellite (XMSR) he said the the ...
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More Cuts At Ford (F), Bill Ford Keeps Chairman’s Job

Posted: June 5, 2008 at 9:43 am

Ford (F) will be cutting 15% of its white collar expenses before August 15. According to Reuters, Ford said "We told employees today we are going to cut salaried work ...
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Verizon Wireless (VZ)(VOD) Buys Alltel

Posted: June 5, 2008 at 9:05 am

The big wireless merger has gone through.Under the terms of the agreement, Verizon Wireless will acquire the equity of Alltel for approximately $5.9 billion. Based on Alltel's projected net debt ...
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Syntax-Brillian CEO Out, For Now (BRLC)

Posted: June 5, 2008 at 8:58 am

Syntax-Brillian Corporation (NASDAQ:BRLC) is up to some more changes today.  The company has appointed Greg Rayburn as Interim-CEO with an effective date of June 4, 2008.   It says that Rayburn ...
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IPO FILING: Britannia Bulk Holdings (DWT)

Posted: June 5, 2008 at 7:25 am

Britannia Bulk Holdings Inc. filed to come public via IPO last night, although the range has already been set for the British shipping company.  It plans to sell 8,333,333 shares ...
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Continental Joins Capacity Cuts & Job Cuts (CAL, UAUA)

Posted: June 5, 2008 at 7:07 am

Continental Airlines Inc. (NYSE: CAL) announced that it plans to cut 3,000 jobs and that CEO and President will lower their salaries for the remainder of the year.  As far ...
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Top 10 Pre-Market Analyst Calls (ADBE, ATI, CAT, HOTT, MOT, NWAC, UAUA, URI, VRSN, VMED)

Posted: June 5, 2008 at 6:47 am

These are ten of the analyst calls we are focusing on this Thursday morning:Adobe Systems (NASDAQ: ADBE) cut to Neutral at Cowen & Co.Allegheny Tech (NYSE: ATI) Cut to Neutral ...
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