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Daily Archives: January 22, 2009

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Regional Banks Already Registering TARP Shares & Warrants (HMNF, MFSF, STL, CJBK, GRNB, PVSA, FISI, TSBK, IBOC)

Posted: January 22, 2009 at 5:26 pm

We have perused many SEC filings over the years, but it seems that the flood gates are starting to open where regional banks and smaller banks are filing with the ...
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AMD’s Bataan Death March (AMD)

Posted: January 22, 2009 at 4:37 pm

Advanced Micro Devices Inc. (NYSE: AMD) just posted earnings, or at least its results.  It is as far from earnings as ever, and it is also seeing steep declines like ...
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The Future Of Search: Google’s (GOOG) Big Growth Gone

Posted: January 22, 2009 at 4:18 pm

Google is still a growth company but it is no longer one with awe-inspiring year-over-year comparisons. Its revenue may no longer be moving up rapidly enough to support a a ...
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Marvell Tanks Expectations (MRVL)

Posted: January 22, 2009 at 4:17 pm

Marvell Technology Group Ltd. (Nasdaq: MRVL) just got to pile on in the tech earnings warning carnage.  The communications chip provider slashed its revenue projections in the quarter to $500 ...
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Can Google Escape Tech & Media Earnings Hangman? (GOOG)

Posted: January 22, 2009 at 1:26 pm

The surprise earnings release from Microsoft this morning was meant to ward off leaks on an already-down day.  But Google Inc. (NASDAQ: GOOG) was the scheduled duelist against Microsoft for ...
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Microsoft Conference Call Live Commentary (MSFT)

Posted: January 22, 2009 at 12:15 pm

By now, even the pygmies have figured out that Microsoft Corp. (NASDAQ: MSFT) had an awful quarter.  We already signaled the top-line and bottom-line miss this morning, and a warning ...
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Bank Of America (BAC) Fires Ex-Merrill CEO John Thain

Posted: January 22, 2009 at 11:58 am

Maybe it was the $21 billion of losses Merrill Lynch had in Q4. Or, perhaps it was the bonuses Merrill gave out before the Bank of America (BAC) takeover was ...
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Rumor: Yahoo! (YHOO) Will Cut 3,000 Jobs Or $850 Million

Posted: January 22, 2009 at 11:45 am

This should be put in the "rumor" file immediately because it is based on one anonymous source inside Yahoo!.Yahoo!'s (YHOO) new CEO, Carol Bartz, has told her board that she ...
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Energy Transfer Partners Raises Cash, At Minimal Discount (ETP)

Posted: January 22, 2009 at 11:00 am

Last night, we covered a filing frin Energy Transfer Partners, L.P. (NYSE: ETP) to sell some 5 million units to raise cash.  The deal not only priced this morning, but ...
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Offshore Drilling Plan Not Subject to Obama Review

Posted: January 22, 2009 at 10:47 am

The US Minerals Management Service said that its new five-year plan for drilling on the US outer continental shelf (OCS) "isn't affected" by the review order issued on Tuesday by ...
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Coal-to-Gasoline Maker Revises Forecast (SSL)

Posted: January 22, 2009 at 10:41 am

South African coal gasification company Sasol Limited (NYSE:SSL) forecast "robust growth" for its 2009 fiscal year which began in July. Yesterday, the company revised that forecast.  It now expects "a ...
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McMoran: Exploration Isn’t Paying Off (MMR)

Posted: January 22, 2009 at 10:37 am

McMoran Exploration Company (NYSE:MMR) reported full-year 2008 and fourth quarter results yesterday, and it definitely wasn't pretty. The company's full-year EPS was -$3.79, and for the fourth quarter the EPS ...
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Ships As Floating Storage for Crude Oil

Posted: January 22, 2009 at 10:22 am

We have all heard over and over and how many ships were essentially being used as temporary floating storage terminals for oil.  But now there is at least some quantifiable ...
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Surprise, Mergers Still Possible (IWOV)

Posted: January 22, 2009 at 9:53 am

It is almost hard to believe, but there is another merger announcement this morning.  Interwoven, Inc. (NASDAQ: IWOV) has entered into a definitive agreement to be acquired by UK-based Autonomy ...
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Microsoft (MSFT) Gets A Second Chance

Posted: January 22, 2009 at 9:41 am

A  look at the numbers for Microsoft's last quarter would make most investors shudder. Revenue barely moved, up 2% to $16.6 billion. Net income was of 11% to $4.2 billion.The ...
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