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Daily Archives: July 15, 2008

Seagate Tanking Disk Drives & Storage (STX, WDC)

Posted: July 15, 2008 at 4:27 pm

Seagate Technology (NYSE: STX) is seeing some pain after the storage device and disk drive maker said results were going to fall short of current Street estimates.The company said income ...
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Altera Benefits from “Beat & Raise” (ALTR)

Posted: July 15, 2008 at 4:03 pm

Altera Corp. (NASDAQ: ALTR) reported earnings of $0.32 EPS on a 7.1% revenue gain to $359.9 million.  First Call consensus estimates were $0.27 and $346.7 million.  It also issued upside ...
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Intel says, “What Recession?” (INTC)

Posted: July 15, 2008 at 3:19 pm

Intel Corp. (NASDAQ: INTC) has reported its earnings.  The chip and processor giant posted $0.28 EPS and $9.5 Billion in revenues.  Gross margin was 55.4%.  First Call estimates were $0.25 ...
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Sun Microsystems (JAVA): Better Than Expected, But Still Awful

Posted: July 15, 2008 at 3:10 pm

Sun (JAVA) turned in better-than-expected preliminary earnings, but they were poor nonetheless. Wall St. staged a relief rally. Shares moved up from a close of $8.80 to $9.57 after hours.Sun ...
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The 52-Week Low Club 7/15/2008 (NWS)(CBS)(DAL)(UAUA)(WB)(MS)(AIG)(C)(MER)(GHS)

Posted: July 15, 2008 at 2:52 pm

Gatehouse Media (GHS) Newspaper company down again. Falls to $1 from $19.Merrill Lynch (MER) More write-off fears. Sells off to $23.64 from 52-week high of $89.23.Citigroup (C) Bad Q2 on ...
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Sprint About To Be Acquired? (S, SKM)

Posted: July 15, 2008 at 1:53 pm

Sprint Nextel (NYSE: S) just saw a rather large surge in volume as per our report at Volume Spike (VSInvestor.com).  We saw a surge in trading and price based upon ...
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Ex-Lehman CFO Erin Callan Heads To Credit Suisse (CS, LEH)

Posted: July 15, 2008 at 1:38 pm

Credit Suisse Group (NYSE: CS) has announced that Erin Callan will be joining the bank as a Managing Director and Head of its Global Hedge Fund Business in a newly ...
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Tech Traders Bracing For Intel Earnings (INTC)

Posted: July 15, 2008 at 1:04 pm

Intel Corp. (NASDAQ: INTC) is set to report earnings after the close today, and this report is likely to influence everything around chips, processors, computers, and almost anything tech-related.  The ...
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Singapore Now Holds 7.9% of UBS (UBS)

Posted: July 15, 2008 at 12:48 pm

UBS AG (NYSE: UBS) has a filing today showing that based on action of July 10 the Government of Singapore Investment Corporation Pte. Ltd. effectively now holds a 7.9% stake ...
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Merrill Lynch: Commodities May Have Peaked (MER)

Posted: July 15, 2008 at 10:29 am

If you have been worried about inflation and the price of things such as metals, energy, food, and more, Merrill Lynch (NYSE: MER) may have some hopes for you.  In ...
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Stocks That Cost Less Than A Starbucks Cappuccino (NCC)(F)(Q)(SIRI)(LVLT)(FRE)(WM)(ETFC)(SBUX)

Posted: July 15, 2008 at 9:38 am

A venti cappuccino costs $4.85 at a New York City Starbucks (SBUX). There may be some tax on that.Starbucks trades at $13.57, so it still has a value well above ...
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Blackstone Goes Into Wind Energy in Germany (BX)

Posted: July 15, 2008 at 9:09 am

The Blackstone Group (NYSE: BX) has announced that it will form a partnership with Windland Energieerzeugungs GmbH to complete the development and construction of Meerwind.  This is billed as one ...
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Barrick Gold’s Energy Hedge: Buy an Oil Company (ABX)

Posted: July 15, 2008 at 8:46 am

With energy prices on a seemingly never-ending upward trend, it makes sense to hedge against future price increases in any available manner. Barrick Gold Corp. (NYSE:ABX) proposed to do just ...
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Trina Solar Files Securities Shelf (TSL)

Posted: July 15, 2008 at 8:01 am

Trina Solar Limited (NYSE: TSL) has filed a mixed securities open shelf registration to allow it to raise capital in the near future if it desires.  The company has listed ...
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GM (GM): No Size Is Right Size, Dividend Or Not

Posted: July 15, 2008 at 7:44 am

GM's (GM) problem is that there is no "correct" size for its North American operations. While it is in fine shape overseas, especially in Latin America, Russia, and China, there ...
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