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Daily Archives: August 5, 2008

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Hoku Scores Another Substantial Supply Pact (HOKU)

Posted: August 5, 2008 at 4:08 pm

Hoku Scientific, Inc. (NASDAQ: HOKU) has just announced that its Hoku Materials subsidiary and Tianwei New Energy (Chengdu) Wafer Co., Ltd. have signed a definitive contract for Hoku's sale and ...
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Whole Foods (WFMI) Earnings: Pigs To The Slaughter

Posted: August 5, 2008 at 4:08 pm

Monstrously eccentric CEO and health fanatic John Mackey has finally taken Whole Foods (WFMI) down to a level from which it is unlikely to recover. Shares are off 12% after ...
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Priceline Finally Showing Cracks? (PCLN)

Posted: August 5, 2008 at 3:40 pm

Priceline.com Inc. (NASDAQ: PCLN) has just reported earnings. The online travel bidding service posted $1.55 non-GAAP EPS on $514 million in revenues.  First Call had estimates of $1.41 EPS on ...
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General Motors (GM) Backs Wagoner On His Way Out

Posted: August 5, 2008 at 3:29 pm

General Motors Co.'s (GM) board of directors gave a vote of confidence to embattled Chief Executive Rick Wagoner after the automaker surprised Wall Street by announcing a $15.5 billion loss.This ...
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Cisco Earnings Only Part of the Tale (CSCO)

Posted: August 5, 2008 at 3:14 pm

We just got earnings out of Cisco Systems Inc. (NASDAQ: CSCO).  Despite the fact that the company beat its  estimates, keep in mind that this is an incomplete report until ...
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The 52-Week Low Club 5/8/2008 (GLBL)(HIMX)(RRI)(ADM)

Posted: August 5, 2008 at 3:00 pm

Global Industries (GLBL) Bad second quarter. Falls to $7.81 from $28.Himax Technologies (HIMX) Still dropping a day after rough results. Down to $2.79 from 52-week high of$6.29.Reliant Energy (RRI) Q2 ...
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FOMC Comments Likely Put Rate Hikes Beyond Election

Posted: August 5, 2008 at 1:42 pm

The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2%.  What is more important than the decision is that this puts the ...
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BUCA Selling to Planet Hollywood (BUCA)

Posted: August 5, 2008 at 12:32 pm

So much for thinking the consolidation in small restaurant chains is over, albeit this is a tiny deal.  BUCA, Inc. (NASDAQ: BUCA), the owner and operator of Buca di Beppo, ...
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Cisco Earnings On Deck, To Trump FOMC Impact (CSCO)

Posted: August 5, 2008 at 10:51 am

We may have an FOMC decision on interest rates due at 2:15 PM EST today, but technology stock traders may actually care more about what John Chambers of Cisco Systems ...
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IPO Filing Withdrawal: Convio, Inc.

Posted: August 5, 2008 at 9:52 am

There was an IPO filing almost a year ago for Convio Inc. which would have traded under the ticker "CNVO" on NASDAQ.  While the company has made several amended filings, ...
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Archer Daniels Midland Heads For Fresh Lows (ADM, VLO, TSO)

Posted: August 5, 2008 at 9:35 am

Today's earnings report from Archer Daniels Midland (NYSE:ADM) not only missed analyst's targets, but may have missed the broad side of the barn. Analyst expected EPS of $0.67, and got ...
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The Dolans & The Cablevision Pie Cutter (CVC)

Posted: August 5, 2008 at 9:17 am

Today feels like another episode of deja-vu in failed mergers, although perhaps this is just a similar situation rather than a total repeat.  Cablevision Systems Corp. (NYSE: CVC) has announced ...
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3COM Pulls A Rabbit From Its Hat (COMS)

Posted: August 5, 2008 at 8:34 am

This morning we are seeing some news out of 3Com Corporation (Nasdaq: COMS) which many may have guessed wouldn't be possible.  The networking company raised guidance previously provided for the ...
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Gabelli Enters SPAC IPO Game (GBL, VZ)

Posted: August 5, 2008 at 8:01 am

Last night there was a filing from Gabelli Entertainment &  Telecommunications Acquisition Corp. to come public via an initial public offering for a special purpose acquisition company (SPAC) or ...
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P&G Earnings Half Empty & Half Full (PG)

Posted: August 5, 2008 at 6:50 am

Procter & Gamble (NYSE: PG) posted a 33% earnings gain to $0.92 net EPS, but before a tax gain it showed $0.80 EPS.  Estimates from First Call were $0.78 EPS.  ...
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