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Daily Archives: June 26, 2008

XM Taps Credit Facility, Extends Chairman Contract (XMSR, SIRI)

Posted: June 26, 2008 at 4:23 pm

XM Satellite Radio Inc. (NASDAQ: XMSR) and its XM Satellite Radio Holdings Inc. announced in a filing today that (on June 26, 2008) it has entered into a Credit Agreement ...
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Five Big Winners For A Crummy Day (BBBY, NVO, SWHC, S, AUY)

Posted: June 26, 2008 at 4:03 pm

Chances are that if you weren't short selling all day, this was another ugly summer day that made you want to panic. Covering the market wasn't any more fun either.  ...
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Palm (PALM) Bites The Dust As Yield-Per-Phone Collapses

Posted: June 26, 2008 at 3:28 pm

Things were supposed to be bad at Palm (PALM), but, based on earnings, they were even worse.The firm, which has products which compete with the Apple (AAPL) iPhone and RIM ...
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Micron Dribbles Earnings (MU)

Posted: June 26, 2008 at 3:13 pm

Micron Technology, Inc., (NYSE:MU) posted earnings at -$0.30 EPS on net sales of $1.5 Billion.   First Call had estimates at -$0.28 EPS on $1.47 Billion in revenues.The company generated $217 ...
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Icahn Files Proxy Against Yahoo! (YHOO)

Posted: June 26, 2008 at 2:47 pm

Carl Icahn has made his proxy filing today with his formal nominees for the Yahoo! Inc. (NASDAQ: YHOO) board of directors.  His stake is also listed as holding 4.98% in ...
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The 52-Week Low Club (SIRI, XMSR, C, BAC, AIG, LEA, RAD, GM, OSK, UAUA)

Posted: June 26, 2008 at 2:45 pm

Oshkosh (OSK) Comes out with extremely week outlook. Sells down to $22.20 from 52-week high of $65.83.GM (GM) Big sell rating and possible credit rating downgrade. Economy catches up to ...
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Oil At $140, One Share Of Exxon (XOM) Buys A Tank Of Gas

Posted: June 26, 2008 at 1:52 pm

Every time the market thinks oil won't go higher, it does. Today it hit $140. To be fair, OPEC president Chakib Khelil said oil could reach $150 to $170 this ...
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No On Cares About Yahoo! (YHOO)

Posted: June 26, 2008 at 1:21 pm

Almost every financial news outlet and website ran the news that Yahoo! (YHOO) was realigning its management. The portal company said "The moves support its strategy to be the starting ...
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Hyper-V: VMware Vs. Microsoft, OR VMware & Microsoft? (MSFT, VMW, CTXS)

Posted: June 26, 2008 at 11:32 am

Microsoft Corp. (NASDAQ: MSFT) might be getting more attention over its virtualization launch of Hyper-V if it wasn't for the market.  This is being interpreted as the equivalent of "Public ...
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Video: Game, Set, Match To YouTube (GOOG), MySpace (NWS) Hammered

Posted: June 26, 2008 at 11:08 am

If a company is in the video business, and it is not Google (GOOG) YouTube, it might as well shut down. According to new numbers from HitWise YouTube had over ...
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Wall St. Today, Panic Sets In (AAPL, GM, GE, RIMM, ORCL, BAC, C, CFC)

Posted: June 26, 2008 at 8:53 am

Today's selling does not look orderly like it has on many other down days this year. The drop is across almost every sector and most widely-traded shares. Much of it ...
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IPO Pricing: Navios Maritime Acquisition Corporation (NNA.U, NM)

Posted: June 26, 2008 at 8:40 am

Navios Maritime Acquisition Corporation (NYSE: NNA.U) has priced its IPO of 22,000,000 units at a price of $10.00 per unit for aggregate gross proceeds of $220,000,000.  Each unit represents one ...
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Second Wind ETF Launch (IVZ, PWND, FAN)

Posted: June 26, 2008 at 8:19 am

If one ETF for covering the global trend towards wind power wasn't enough, we have the announcement of a second wind energy ETF.  Invesco's (NYSE: IVZ) PowerShares Capital Management ETF ...
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Sequenom Holds Up Well On Secondary Offering (SQNM)

Posted: June 26, 2008 at 8:03 am

Sequenom, Inc. (NASDAQ: SQNM) has priced its public secondary offering of 5,500,000 shares of common stock at a price of $15.50 per share, and underwriters have a 30-day option to ...
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Xinhua Finance Media Insiders Buying Shares (XFML)

Posted: June 26, 2008 at 7:21 am

Xinhua Finance Media Limited (NASDAQ: XFML) has been a troubled stock of late.  The Chinese news agency has been plagued with problems, scandal, and controversy almost since day one after ...
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