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Daily Archives: July 9, 2008

Wachovia (WB) Names CEO, Still In Deep Trouble

Posted: July 9, 2008 at 5:43 pm

Wachovia (WB) named a former Treasury official as its CEO. Robert Steel most recently served as undersecretary for domestic finance for the U.S. Department of the Treasury according to Reuters. ...
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The 52-Week Low Club (FRE)(WB)(MER)(TSO)

Posted: July 9, 2008 at 2:55 pm

Freddie Mac (FRE) sells down 25% to $9.88 on concerns raising capital will wipe out shareholders. The company's 52-week high is $67.20.Wachovia (WB) Panic selling in financial shares knocks this ...
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Despite Upgrade, VeriSign Problems May Only Be Starting (VRSN, WWWW, ENTU)

Posted: July 9, 2008 at 2:30 pm

VeriSign inc. (NASDAQ: VRSN) has had more than a tough week.  Shares are seeing a winning day so far as it was upgraded this morning over at R.W.Baird to an ...
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New Research: Apple (AAPL) iPhone Will Wreck RIM (RIMM)

Posted: July 9, 2008 at 2:29 pm

The Apple (AAPL) iPhone may do more damage to RIM (RIMM) more quickly than most analysts think.According to Changewave's most recent survey of 3,567 consumers, 55% of those who plan ...
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Shaw Group Digs In Ahead of Earnings (SGR)

Posted: July 9, 2008 at 1:55 pm

Shaw Group Inc. (NYSE: SGR) is set to report earnings today after the close.  We have First Call estimates as being $0.63 EPS on $1.89 Billion in revenues.  Estimates for ...
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Sun (JAVA) Surrenders, Breaks Below $10

Posted: July 9, 2008 at 11:53 am

The shares of Sun Microsystems (JAVA) have finally slipped into the briny deep. The stocked moved under $10. The last time JAVA was that low was in 2002. Back then ...
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Yahoo! Inc. Denies Yang Resignation Rumors (YHOO)

Posted: July 9, 2008 at 11:26 am

There have been light rumors floating around that Jerry Yang was going to resign from Yahoo! Inc. (NASDAQ: YHOO).We just put in a call to the company and this is ...
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TransCanada Proceeds With Maine Wind Power Project (TRP)

Posted: July 9, 2008 at 10:51 am

TransCanada Corporation (NYSE: TRP) has announced that its Kibby Wind Power Project has received a final and unanimous approval for its development plans from Maine's Land Use Regulation Commission. The ...
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Basic Energy Reports on June Operations; Gets Flak/Props on Grey Wolf Merger (BAS, GW, PDS, RMG)

Posted: July 9, 2008 at 10:08 am

Oilfield services company Basic Energy Services (NYSE:BAS) released its June operations report this morning. The company has increased its rig count by one over May, and thirty since a year ...
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Boeing’s (BA) Foolish Forecast: Airline Industry Awful, Aircraft Sales OK

Posted: July 9, 2008 at 9:58 am

It would make sense that with airlines canceling flights left and right due to high oil prices that Boeing would be looking a a grim year or two. Not so.Boeing ...
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Did Ken Heebner Go Mega-Bullish? (PBR, SLB)

Posted: July 9, 2008 at 9:41 am

Today we got to see Ken Heebner of CGM Funds for a quick interview on CNBC.  For those of you who follow Mr. Heebner, you already know that he is ...
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Vonage & Comcast Work On Standards (VG, CMCSA, CMCSK)

Posted: July 9, 2008 at 8:42 am

Comcast Corporation (NASDAQ: CMCSA) (NASDAQ: CMCSK) and Vonage Holdings Corporation (NYSE: VG) have announced a collaborative agreement this morning to address "the reasonable networkmanagement of Internet services." Comcast committed to ...
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Explaining the Cisco Drop (CSCO)

Posted: July 9, 2008 at 8:33 am

There have been many inquires around on Cisco Systems (NASDAQ: CSCO) this morning.  There are two issues moving the stock, of which one is real and one is conjecture.CEO John ...
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QLogic Shows Some Still Win In Tech (QLGC)

Posted: July 9, 2008 at 8:14 am

QLogic Corp. (NASDAQ: QLGC) is seeing a surge of interest this morning after the company raised its guidance.  On a non-GAAP basis, QLogic expects $0.30 to $0.31 EPS, compared to ...
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Lazard Clarifies Evergreen Solar Capital Raise, Maintains Buy Rating (ESLR)

Posted: July 9, 2008 at 7:55 am

Evergreen Solar (NASDAQ: ESLR) is a stock that has been under pressure after the company announced huge orders but then immediately turned around with a huge convertible note offering.  The ...
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