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Daily Archives: July 21, 2008

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Brocade Spreads Its Wings With Foundry Buyout (BRCD, FDRY, CSCO, JNPR)

Posted: July 21, 2008 at 5:02 pm

Brocade Communications Systems Inc. (NASDAQ: BRCD) has announced an agreement to acquire Foundry Networks, Inc. (NASDAQ: FDRY).  Brocade will pay a combination of $18.50 of cash plus 0.0907 shares of ...
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Merck Visits The Proctologist (MRK)

Posted: July 21, 2008 at 4:20 pm

Merck & Co. (NYSE: MRK) posted earnings that look pretty good on the surface.  The problem is that the surface is about the only thing that looked appealing for ...
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Texas

Texas Instruments (TXN): A Quarter To Forget

Posted: July 21, 2008 at 3:39 pm

Wall St. expected Texas Instruments (TXN) to post earnings of 45 cents a share on revenue of $3.39 billion, according to a survey by FactSet Research.But, TXN came in with ...
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Apple Guidance Too Conservative For Bulls (AAPL)

Posted: July 21, 2008 at 3:38 pm

Apple Inc. (NASDAQ: AAPL) just posted earnings of $1.19 EPS and $7.46 Billion in revenues.  First Call had estimates of $1.08 EPS and $7.37 Billion in revenues. The company is ...
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American Express Internals Deteriorate Rapidly (AXP)

Posted: July 21, 2008 at 3:31 pm

American Express (NYSE: AXP) just posted $0.56 EPS on $7.484 Billion in revenues, although we would note that there are items in these results from continuing operations.  First Call had ...
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SanDisk Turns Earnings Into Sand (SNDK)

Posted: July 21, 2008 at 3:13 pm

SanDisk Corp. (NASDAQ: SNDK) has posted poor earnings today. The flash memory leader posted -$0.10 EPS on a non-GAAP Basis on $816 million in revenues.  Earnings estimates from First Call ...
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The 52-Week Low Club 7/21/2008 (ARTC)(SFI)(TXT)

Posted: July 21, 2008 at 2:56 pm

Textron (TXT) Tough earnings and a downgrade from UBS. Falls to $39.77 from 52-week high of $74.40.IStar Financial (SFI) Bad quarter, higher loan loss provisions. Tumbles to $7.30 from 52-week ...
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Small Business Turns Against “Uncle Sam”

Posted: July 21, 2008 at 2:33 pm

Small businesses think they are being abandoned by the federal government just when they really need something in exchange for their tax dollars. A new poll from American Management Services ...
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BankAtlantic Sues Ladenburg Thalmann & Analyst Bove After Research Report (BBX, LTS)

Posted: July 21, 2008 at 1:40 pm

BankAtlantic Bancorp (NYSE:BBX), the parent company of BankAtlantic, is doing something rather unique.  It is suing brokerage firm Ladenburg Thalmann, part of Ladenburg Thalmann Financial Services Inc. (AMEX: LTS), and ...
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SanDisk Braces For Earnings (SNDK)

Posted: July 21, 2008 at 1:01 pm

SanDisk Corp. (NASDAQ: SNDK) is set to report earnings today after the close.  While the company will have to compete for headline and eyeball interest against Apple, this is a ...
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Box Of Cereal Headed To $100 (KFT)(K)(SLE)(CAG)(TSN)

Posted: July 21, 2008 at 11:24 am

No one should be surprised that food companies are passing along tremendous increases in the prices of commodities. Consumers will be paying more for everything from hot dogs to corn ...
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Apple Violates 200-Day Moving Average Ahead of Earnings (AAPL)

Posted: July 21, 2008 at 10:54 am

Apple Inc. (NASDAQ: AAPL) is going to be the key earnings for tech stock investors and traders today.  Last week we pointed out that the stock was using its 200-day ...
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LG Earnings: A Bit Of Brightness For Cellphones (AAPL)(RIMM)(NOK)

Posted: July 21, 2008 at 8:36 am

The cellular handset business may not be as bad off as some analysts suppose. Result from Korean electronics company LG, which operates at the high end of the market, were ...
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Many Monday Pre-Market Downgrades (CEG, FIS, FISV, DNA, KBW, NKE, PSO, SHW, SWIR, SWK, WERN, WIT)

Posted: July 21, 2008 at 7:52 am

These are among the top analyst Downgrades or negative analyst calls affecting shares this Monday morning in pre-market trading:Constellation Energy (NYSE: CEG) Downgraded to Underperform at Jefferies.Fidelity National (NYSE: FIS) ...
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Banks Further Tighten Lending Rules For Businesses Large And Small

Posted: July 21, 2008 at 7:34 am

Just when the economy needs banks to be opening their doors for more lending, they are locking the safe down tight. According to The Wall Street Journal, "The heavy losses ...
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