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Daily Archives: August 20, 2008

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The 52-Week Low Club 8/20/2008 (FNM)(FRE)(MNI)(CC)(NVTL)

Posted: August 20, 2008 at 2:49 pm

Fannie Mae (FNM) Fear the mortgage firm will fail. Drops to $3.95 from 52-week high of $70.57. Freddie Mac (FRE) Ditto. Sells down to $2.95 from 52-week high of $67.20. ...
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Aladdin & Vector Capital, Another Questionable Deal (ALDN, CREL, CAPA)

Posted: August 20, 2008 at 11:54 am

Aladdin Knowledge Systems (NASDAQ: ALDN) has confirmed that it received a confidential and unsolicited proposal from private equity firm Vector Capital to acquire the company.  The company notes that Vector's ...
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Oil Services Better Insulated Than Most Energy Sub-Sectors (RIG, DVR, PDS, WFT, NOV, BJS, BHI, BAS, HAL, SLB, SII)

Posted: August 20, 2008 at 11:17 am

Oil Services are deemed by many market pundits as being more insulated than integrated oils, refiners, and other sub-sectors of the energy sector for oil and gas.  While these frequently ...
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24/7 Wall St. CEOs Who Should Work For $1 Society: Schwartz Of Sun (JAVA)

Posted: August 20, 2008 at 10:01 am

CEOs at troubled companies often set their salaries at $1 a year. Lee Iaccoca did it at Chrysler and Steve Jobs did the same at Apple (AAPL). The gesture allows ...
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House

24/7 Wall St. Day Trading Alerts (NVTL)(STP)(JKHY)

Posted: August 20, 2008 at 9:05 am

VSInvestor.com posted several day-trading alerts. Novatel (NVTL) dropped sharply on very heavy volume after posting poor results. Suntech (STP) and several other solar stocks made big moves on STP results.Jack ...
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Data

Goldman Sachs (GS) Cuts All Bank Estimates But Its Own (JPM)(MER)(C)(MS)

Posted: August 20, 2008 at 8:50 am

It is not hard to blame Goldman Sachs (GS) for failing to cut its own earnings estimates for the next quarter and the full year. That kind of action by ...
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VeriFone’s Long Journey on the Rehab Trail (PAY)

Posted: August 20, 2008 at 8:38 am

We noticed a huge surge in activity over at Volume Spike this morning in shares of VeriFone Holdings Inc. (NYSE: PAY). You can thank the company finally giving a positive ...
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Goldman Sachs Cans Department Stores (M, KSS, DDS)

Posted: August 20, 2008 at 8:07 am

Goldman Sachs is out with a negative call this morning that is a downgrade in the department stores section of the retail sector.  The firm believes that gains of some ...
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Goldman Sachs (GS): Oil Headed Back Toward $150

Posted: August 20, 2008 at 7:14 am

Goldman Sachs (GS) says oil will be back at $149 at the end of the year.The investment bank reiterated its year-end price forecast of $149 a barrel for U.S. crude ...
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24/7 Wall St. Most Overpaid CEO Of The Day: Novatel (NVTL) CEO Peter V. Leparulo

Posted: August 20, 2008 at 6:56 am

Novatel (NVTL) managed to post guidance that was below expectations. Expectations must have already been poor. The company's stock is off 60% over the last year, and should fall further ...
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Early-Bird Analyst Upgrades (DLTR, HTX, KLAC, ORLY, TSRA, AUY)

Posted: August 20, 2008 at 6:39 am

These are some of the early analyst upgrades or positive calls we are seeing this Wednesday in early pre-market hours:Dollar Tree (DLTR) Raised to Buy at S&P.Hutchinson Telecom (HTX) Raised ...
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Early-Bird Analyst Downgrades (AAP, ALNY, COMV, DISH, DPS, HAS, NATI, NVTL, STEL)

Posted: August 20, 2008 at 6:32 am

These are some of the early analyst downgrades or negative calls we are seeing this Wednesday in early pre-market hours:Advance Auto Parts (AAP) Cut to Neutral at JPMorgan.Alnylam Pharma (ALNY) ...
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Microsoft Expanding Linux Efforts With Novell (MSFT, NOVL)

Posted: August 20, 2008 at 6:16 am

Novell Inc. (NASDAQ: NOVL) got some decent news after Microsoft (NASDAQ: MSFT) expanded its Linux support relationship for interoperability.  If it seems that Microsoft is warming up to Linux and ...
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GM (GM): More Incentives Mean More Job Cuts

Posted: August 20, 2008 at 5:41 am

GM (GM) has decided to do two things to stimulate sales. One is to offer aggressive incentives on its new cars. The other is to offer substantial warranties on its ...
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Fed

Saving Fannie Mae (FNM) And Freddie Mac (FRE) Shareholders

Posted: August 20, 2008 at 5:25 am

A share of Fannie Mae (FNM) goes for $6. Freddie Mac's (FRE) shares are at just above $4. The market caps of the two companies combined is only about $9 ...
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