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Daily Archives: October 22, 2008

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The Recession Turns To Baidu (BIDU)

Posted: October 22, 2008 at 4:55 pm

Baidu.com Inc. (NASDAQ: BIDU) has posted earnings after the close which were not very indicative of problems inside the company.  In dollar-adjusted terms, the company posted and operating profit of ...
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Seagate, From Growth to Value to Warning (STX, WDC)

Posted: October 22, 2008 at 4:25 pm

Seagate Technology (NASDAQ: STX) has just reported earnings after the close, and the stock has gradually gone from a growth stock to a value stock.  The maker of drives and ...
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Boston Scientific Co-Founders Hit By Margin Calls (BSX)

Posted: October 22, 2008 at 4:01 pm

Today after the close, SEC Filings have shown that Boston Scientific Corp. (NYSE: BSX) co-founders have been forced to sell more common stock to meet margin calls.  Unfortunately this isn't ...
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ADC Telecom Goes To Confession (ADCT)

Posted: October 22, 2008 at 3:29 pm

ADC Telecom (NASDAQ: ADCT) is trimming its fiscal revenue guidance and throwing out almost every other bit of key restructuring and financial data to offer some stability to the situation.  ...
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Amgen Becomes A Biotech Safety Stock (AMGN)

Posted: October 22, 2008 at 3:15 pm

Amgen Inc. (NASDAQ: AMGN) has just posted earnings.  The biotech giant for anemia treatments posted $1.09 GAAP EPS and adjusted earnings of $1.23 non-GAAP EPS and $3.875 billion in revenues.  ...
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Amazon.com Far From Immune To Consumer Slowdown (AMZN)

Posted: October 22, 2008 at 3:08 pm

Amazon.com Inc. (NASDAQ: AMZN) today posted earnings of $0.27 per share and $4.26 billion in revenue.  First Call had estimates were $0.25 EPS and $4.27 billion in revenue. When the ...
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MetroCorp Bancshares Files To Raise Cash (MCBI)

Posted: October 22, 2008 at 2:40 pm

MetroCorp Bancshares, Inc. (NASDAQ: MCBI) has filed a mixed shelf securities offering that will allow the company to sell up to $100 million in securities.  The securities are listed as ...
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Moody’s (MCO): “We Sold Our Souls”: Yes, You Did

Posted: October 22, 2008 at 2:13 pm

This speaks for itself.According to Bloomberg, Employees at Moody's Investors Service told executives that issuing dubious creditworthy ratings to mortgage-backed securities made it appear they were incompetent or ``sold our ...
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Can Amazon.com See The Ghost Of Christmas Past? (AMZN)

Posted: October 22, 2008 at 12:08 pm

Online retail giant Amazon.com Inc. (NASDAQ: AMZN) is set to report earnings after today's close.  Despite the fact that Amazon.com is now a fully profitable industry leader is probably not ...
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Bank Bailout: Is The Market Better Off Than It Used To Be? (C)(JPM)

Posted: October 22, 2008 at 11:36 am

Perhaps it is because this is an election year, but everyone is going around asking "Are we better off than we used to be?" It is not just the baby-kissing ...
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Baker Hughes Destroys Four Years Of Gains (BHI)

Posted: October 22, 2008 at 11:33 am

Lower and lower oil prices are good for the broader economy, but they are bringing pain to the oil patch.  Oil services giant Baker Hughes Inc. (NYSE: BHI) is demonstrating ...
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H-P Joins The Club… Of 52-Week Lows (HPQ, DELL, IBM, LXK)

Posted: October 22, 2008 at 10:20 am

Hewlett-Packard Co. (NYSE: HPQ)  has just joined the list of stocks which hit new 52-week lows, but it gets worse.  These were actually the lowest levels seen since late in ...
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Biotech Implosion: Dynavax (DVAX)

Posted: October 22, 2008 at 9:24 am

Dynavax Technologies Corp. (NASDAQ: DVAX) is the latest biotech implosion as shares are down some 75% today.  The company gave an update on an FDA clinical hold on its investigational ...
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SanDisk Comes Under Fire From All Sides (SNDK)

Posted: October 22, 2008 at 9:02 am

SanDisk Corp. (NASDAQ: SNDK) is now under fire from all sides as the stock is sliding to new 52-week and multi-year lows.  The company's recent losses looked like one of ...
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The Daily Stock Double: ICO Global Communications (ICOG, BA)

Posted: October 22, 2008 at 8:00 am

ICO Global Communications (NASDAQ: ICOG) is indicated to open up more than 100% this morning after announcing a major court win.  The small cap mobile satellite services company was awarded ...
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