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Daily Archives: February 10, 2009

"Going, Going, Gone!"

SIRIUS Bankruptcy (SIRI, SATS)

Posted: February 10, 2009 at 7:46 pm

Sirius XM Radio Inc. (NASDAQ: SIRI) is being mentioned in TheStreet.com, New York Times, the WSJ, and elsewhere as either "filing for bankruptcy protection" or that it was "near ...
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3M Adds Pressure On GE Dividend Situation (MMM, GE)

Posted: February 10, 2009 at 7:06 pm

3M Co. (NYSE: MMM) just did the opposite of what many large companies are doing in the current liquidity-crunched environment.  The conglomerate just raised its dividend to $0.51 per share.  ...
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Icahn Buys More Lions Gate After Major Drop (LGF, IEP)

Posted: February 10, 2009 at 5:41 pm

After the close of trading, there was an SEC filing showing that billionaire and activist investor Carl Icahn now controls more than 10.5%  of Lions Gate Entertainment Corp. (NYSE: LGF).  ...
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Third Wave SPAC IPO Dies Before Launch

Posted: February 10, 2009 at 5:12 pm

Third Wave Acquisition Corp. has just filed with the SEC to withdraw it proposed inital public offering.  You can probably guess why: In light of current market conditions. (more...) ...
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No Love For NVIDIA (NVDA)

Posted: February 10, 2009 at 4:47 pm

NVIDIA Corporation (NASDAQ: NVDA) earnings show the dual problems of the PC sector.  If you are not a fan of caution or if you think you can't take any more ...
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Applied Leaves Little To Imagination (AMAT)

Posted: February 10, 2009 at 4:25 pm

Applied Materials, Inc. (NASDAQ: AMAT) just reported earnings.  There was of course the expected drop as many chip and chip equipment players have shown.  Although the company warned about earnings, ...
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The 52-Week Low Club (CXW)(LFG)(COF)(MGM)

Posted: February 10, 2009 at 4:15 pm

Corrections Corp (CXW) Weak earnings outlook. Plunges to $10.50 from 52-week high of $10.50. Lions Gate (LFG) US box office numbers drop. Shares down to $3.65 from 52-week high of ...
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Hopes Rise with Baltic Dry Index (BHP, MT)

Posted: February 10, 2009 at 2:31 pm

The Baltic Dry Index is rising from a low in December 2008 of about 660 (essentially zero) to about 1800 (only a little better) now, and the rise is producing ...
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Pink Slips At Wal-Mart HQ? (WMT)

Posted: February 10, 2009 at 1:39 pm

Wal-Mart Stores Inc. (NYSE: WMT) was supposed to be a winner in the economic slide as the "trade down" shopping destination.  It goes without saying that Wal-Mart has more than ...
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AMD Vote Fails For Fab-Lite Move, For Now (AMD, INTC)

Posted: February 10, 2009 at 1:06 pm

Advanced Micro Devices Inc. (NYSE: AMD) may end up getting stuck with its manufacturing operations.  Its plan to become "fab-lite" has been delayed because it did not win enough shareholder ...
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Geithner’s Bank Rehab, Still More Questions Than Answers

Posted: February 10, 2009 at 11:36 am

Treasury Secretary Tim Geithner is out with his banking and financial rescue plan.  This will not go without criticism and not all methodologies look set in stone, mainly because this ...
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Intel’s $7 Billion Gamble… Too Much? Too Soon? (INTC, AMD, NVDA, AMAT, KLAC, NVLS)

Posted: February 10, 2009 at 10:42 am

Intel Corporation (NASDAQ: INTC) is making a huge gamble on high- paying jobs and manufacturing.  It isn't cuts.  Intel plans expansions for the inevitable recovery ahead.  $7 billion worth. (more...) ...
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Yingli, A Solar Gainer (YGE, FSLR, SPWRA)

Posted: February 10, 2009 at 10:00 am

Chinese solar panel maker Yingli Green Energy Holding Company Ltd. (NYSE:YGE) reported earnings of $14.7 million (EPS of $0.12) for the fourth quarter this morning. Analysts had been expecting EPS ...
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Patriot Beats Low Expectations (PCX, BTU, ACI, CNX)

Posted: February 10, 2009 at 9:55 am

Patriot Coal Corp. (NYSE:PCX) reported fourth quarter and full year numbers this morning. Patriot's report follows the trail blazed earlier this year by Peabody Energy Corp. and Arch Coal Inc. ...
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SiRF’s Buyout, Quasi-False Premium (SIRF)

Posted: February 10, 2009 at 9:25 am

SiRF Technology Holdings Inc. (NASDAQ: SIRF) is soaring following a takeover.   This is a huge premium deal on the surface, but there might be issues after you start peeling the ...
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