Posts for Ticker ‘BRCD’

Tech Giants Now Hold ~$265 Billion Cash To Spend (HPQ, COMS, INTC, AMD, MSFT, CSCO, AAPL, GOOG, ORCL, JAVA, QCOM, EMC, YHOO, DELL, AMZN, EBAY, ONT, BRCD, JDSU, STAR, VMW)

You have already seen the Hewlett-Packard (NYSE: HPQ) buyout of 3Com Corporation (NASDAQ: COMS).  But this week before that deal was announced we covered how mergers in the technology sector have been very slow to develop over the scale in which we and others think is possible for the sector.  After the Intel Corporation (NASDAQ: INTC) settlement with Advanced Micro Devices (NYSE: AMD), the tally of cash that is now estimated would be an implied $265 billion that is available for the tech giants in our 24/7 Wall St. Real-Time 500 to make acquisitions.

The giant cash balances are held by Microsoft Corporation (NASDAQ: MSFT), Cisco Systems Inc. (NASDAQ: CSCO), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), and Oracle Corp. (NASDAQ: ORCL), assuming nothing happens with Sun Microsystems Inc. (NASDAQ: JAVA).  But players like QUALCOMM Inc. (NASDAQ: QCOM), EMC Corporation (NYSE: EMC), International Business Machines (NYSE: IBM), Dell Inc. (NASDAQ: DELL), Yahoo! Inc. (NASDAQ: YHOO), Amazon.com Inc. (NASDAQ: AMZN), and eBay Inc. (NASDAQ: EBAY) are either all sitting with large amounts of cash or will be very soon.

We have broken out these technology, IT, software, and Internet companies by the cash amount they hold or what they have in a soon-to-be cash balance.  Of course only a fraction of this cash will be used for mergers.  But there is also a ton of room here for dividends and of course the share buybacks.

Read More »

Posted on: November 12, 2009 – 11:31 am in Consumer Electronics, Cramer, Dividend, Editor's Picks, Internet, Large Cap Stocks, Mergers and Buy Outs, PC Companies, Private Equity, Rumors, Semiconductor, Software, Stock Buybacks, Technology Companies, Telecom, , , , , , , , , , , , , , , , , , , ,

Top Day Trader Alerts (BRCD, COMS, GMCR, DRYS, AMD, JDSU)

These are this morning’s top day trader and active trader alerts on high price moves and/or high volume.  We have a link to more data and analysis at VSInvestor.com for each stock:

We have issued some options data and new levels to watch in Brocade Communications Systems, Inc. (NASDAQ: BRCD) now that its stock is down 10%.

3Com Corporation (NASDAQ: COMS) is setting multi-year record trading volume.  You already know why.

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) is getting roasted on its own after earning.

DryShips Inc. (NASDAQ: DRYS) is challenging the $7.00 highs not seen since October.

Advanced Micro Devices Inc. (NYSE: AMD) is hitting 52-week highs on its settlement with Intel.

JDS Uniphase Corp. (NASDAQ: JDSU) is riding tech merger coattails with a 6% gain.

You can join our open email distribution list which goes out several times per week to be notified of key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, key merger news, and more.

JON C. OGG

Posted on: November 12, 2009 – 9:16 am in Pre-Market Activity, Trading Alert, , , , , ,

Top 10 Analyst Upgrades, Downgrades, Initiations (BRCD, BNI, COH, CHK, CSX, HOG, KWK, MBT, NDAQ, SIRI)

These are this Thursday’s top early analyst upgrades, downgrades, and initiations from Wall Street research calls which may be moving shares of the underlying stocks:

Brocade Communications (NASDAQ: BRCD) Cut to Neutral at Piper Jaffray; Cut to Hold at ThinkEquity; Cut to Hold at Lazard.
Burlington Northern Santa Fe (NYSE: BNI) Cut to Underweight at Barclays.
Coach Inc. (NYSE: COH) Started as Hold at KeyBanc.
Chesapeake Energy (NYSE: CHK) Started as Buy at Lazard.
CSX Corp. (NYSE: CSX) Raised to Equal-Weight at Barclays.
Harley-Davidson (NYSE: HOG) Started as Underweight at KeyBanc.
Quicksilver Resources Inc. (NYSE: KWK) Started as Buy at Lazard.
Mobile TeleSystems (NYSE: MBT) Raised to Buy at UBS.
NASDAQ OMX Group (NASDAQ: NDAQ) Raised to Positive at Susquehanna.
SIRIUS XM Radio Inc. (NASDAQ: SIRI) put on positive credit watch at S&P late yesterday during trading hours.

You can join our open email distribution list which goes out several times per week to be notified of key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, key merger news, and more.

JON C. OGG

Posted on: November 12, 2009 – 7:52 am in Analyst Calls, , , , , , , , , ,

Top Day Trader Alerts (AIG, AONE, MBI, PALM, SIGM, REGN, CADX, TRA, CF, AGU, BRCD)

These are this morning’s top day trader and active trader alerts seen in the pre-market trading hours.  We also included some options color from yesterday.  A link has been provided for more detailed analysis and data for each stock over at VSInvestor.com:

American International Group, Inc. (NYSE: AIG) is down only about 2% after reports that the company could find itself leaderless again.

A123 Systems, Inc. (NASDAQ: AONE) is trading down 3% after earnings and concerns over a partnership.

MBIA Inc. (NYSE: MBI) is trading up over 3% this morning after getting crushed yesterday, M.J. Whitman’s Third Avenue took a stake.

Palm Inc. (NASDAQ: PALM) is running over 3% on an analyst call.

Sigma Designs, Inc. (NASDAQ: SIGM) is down 8% on a downgrade.

Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) is trading up 10% after Sanofi-Aventis expanded its antibody pact substantially.

We have many options on watch as well:

  • Cadence Pharmaceutical Inc. (NASDAQ: CADX) is one to watch with a huge binary volatility trade ahead of the 11/13 PDUFA date for Acetavance as a treatment for acute pain.
  • There was some interesting options trading seen yesterday in the trifecta fertilizer merger war via Terra Industries Inc. (NYSE: TRA), CF Industries (NYSE: CF), and Agrium (NYSE: AGU).
  • Brocade Communications Systems, Inc. (NASDAQ: BRCD) gave a stock and option alert yesterday, but it went even more active in options with the NOV09 $9 CALLS seeing 24,450 contracts and the NOV09 $10 CALLS seeing 17,432 contracts.

You can join our open email distribution list which goes out several times per week to be notified of key merger news, key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: November 11, 2009 – 9:09 am in Pre-Market Activity, Trading Alert, , , , , , , , , , ,

Today’s Best Market Rumors (10/16/2009) (AKAM)(KFT)(BRCD)(MSFT)

newspaperUpdated throughout the day.

Update 10:41 AM EST: Two traders calling Dendreon Corp. (NASDAQ: DNDN) as a takeover stock, again… We are inclined to treat this as a failed Friday rumor that is trader-generated or chat-room-generated rather than credible as this rumor comes up on many Friday mornings now (and stock is down 1.9%). -Jon Ogg

China car maker SAIC and GM may team up to move into the India market (India Economic Times)

Updated 10.15 AM EST:  Google (NASDAQ:GOOG) won’t buy Akamai (NSADAQ:AKAM)  (GigaOm)

Apple’s (NASDAQ:AAPL) Mac OSX 10.6 runs faster than Microsoft’s (NASDAQ:MSFT) Windows 7 in new tests.  (AppleInsider)

Pirated copies of Windows 7 are already widely available in Chine.  (Reuters)

An S&P analyst says Brocade (NASDAQ:BRCD) is not likely to be acquired (Barron’s)

Charles Ward may be the most likely candidateto become CEO of Lazard (NYSE:LAZ) (NYPost)

Pay czar Kenneth Feinberg, may try to cut Bank of America’s (NYSE:BAC) CEO Ken Lewis’s retirement package. (WSJ)

Unilever may bid for Carbury which already is a takeover target for Kraft (NYSE:KFT)  (FT Alphaville)

VW may raise $16 billion, probably to retire debt after its Porsche merger.  (Bloomberg)

You can join our open email distribution list to get updates each morning on analyst upgrades and downgrades, top day trader alerts, IPO’s and secondary offerings, Warren Buffett and other guru activity, M&A and more.

Douglas A. McIntyre

Posted on: October 16, 2009 – 9:18 am in Rumors, , , , , , , ,

Top Analyst Downgrades (BRCD, DPS, DWA, EL, NOK, SNDK, VE)

These are the early-bird analyst downgrades and cautious research calls we have seen from Wall Street this Monday morning:

Brocade Communications (BRCD) Cut to Perform at Oppenheimer.
Dr. Pepper Snapple Group, Inc. (DPS) Cut to Hold at Deutsche Bank.
Dreamworks (DWA) Cut to Market Weight at Thomas Weisel.
Estee Lauder (EL) Cut to Conviction Sell List, but was already Sell, at Goldman Sachs.
Nokia (NOK) Cut to Neutral at HSBC.
SanDisk (SNDK) Cut to Sell at UBS.
Veolia Environment (VE) Cut to Neutral at HSBC.

JON C. OGG

Posted on: October 12, 2009 – 7:12 am in Analyst Calls, , , , , , ,

Apple (NASDAQ:AAPL) Short Interest Steady, Down In Other Techs

bearThe short interest in Apple (NASDAQ:AAPL) was steady in the period that ended on September 30 at 16 million shares.The bet being made against RIM (NASDAQ:RIMM) rose 13% to 13% to 19.2 million.  The shares short in other major techs stocks dropped.

Shares short in Broadcom (NASDAQ:BRCD) dropped 14% to 19.1 million. Shares short in Juniper (NADSAQ:JNPR) dropped 11% to 36.8 million. The short interest in Symantec (NASDAQ:SYMC)  dropped 8% to 12.9 million shares. Read More »

Posted on: October 10, 2009 – 2:53 pm in Short Interest, , , , , , , , , , , , , , , , , , , , , ,

Today’s Best Market Rumors (10/8/2009) (XRTX)(CLWT)(CTIC)(CIT)(BRCD)(ACP)(AAPL)(GOOG)

newspaperUpdated throughout the day.

Updated at 4.24 PM EST:  Xyratex (NASDAQ:XRTX) is up 14% today, another tech stock in the buyout rumor mill.  (Barron’s)

Updated at 2.12 PM EST: Euro Tech Holdings (CLWT) is up 40% on two million shares traded, about twent times it normal volume, on rumors that Chinese water companies will report better than expected sales for the last quarter  (various)

Updated at 2.05 PM:  Cell Therapeutics (NASDAQ:CTIC) continues to drop sharply down another 5% today on rumors of poor upcoming financial results or trouble with a drug trial  (various)

Updated at 1.50 PM EST:  Hedge fund Little Bear Investments, a noteholder in CIT (NYSE:CIT), is tying to get a group of bondholders to lobby for a larger equity stake in the commercial lender’s debt restructuring. (The Deal)

Updated at 1.35 PM EST: Microsoft (NASDAQ:MSFT) has cut its legal budget by 15% (LegalWeek)

Updated at  1.25 EST: Speculation has come up again that Brocade (NASDAQ:BRCD) will be sold to Hewlett-Packard (NYSE:HPQ). (Barron’s)

Update at 12:45 PM EST: NVIDIA Corporation (NASDAQ: NVDA) is currently halting graphic chipset production on compatibility innew Intel (INTC) newest microprocessors because of licensing disput. (WSJ)

A review of Citigroup (NYSE:C) management by consultant Egon Zehnder suggested that the chief administrative officer and vice chairman should go  (CNBC)

Anadarko Petroleum (NYSE:ACP) and Tullow Oil are likely to be acquisition targets by larger oil companies.  (The Deal)

Apple (NASDAQ:AAPL) may open as many as 1,000 retail stores in the next three years  (MarketWatch)

Google’s (NASDAQ:GOOG) Android operating system will overtake the Apple iPhone in handset market share by 2012 (Apple Insider).

Twitter is talking to Microsoft (NASDAQ:MSFT) and Google about selling them data on the activity of its users  (AllThingsD)

Douglas A. McIntyre

Posted on: October 8, 2009 – 9:20 am in Rumors, , , , , , , , , , , ,

Today’s Best Market Rumors (10/5/2009)

newspaperUpdated throughout the day.

Update 10.03 AM: NetApp (NTAP) may be on a short list of tech buy-out targets but does not appear to have any real suitors.  (Barron’s)

Update 9.55 AM:  CIT’s (CIT) bond swap may not solve its acute problem of access to unsecured commercial paper. (The Deal)

Brocade (BRCD) has put itself up for sale  (WSJ)

Dolby (DLB), Skechers (SKX), and E*Trade (ETFC) could be buy-out targets (SIA)

Solar companies may be messing around with their accounting  (Barron’s)

Cash4Gold will have revenue of $160 million this year, proof that there is not justice in life.  (TechCrunch)

Douglas A. McIntyre

Posted on: October 5, 2009 – 9:23 am in Rumors, , , ,

Top Day Trader Alerts (FOLD, BRCD, COF, FITB, SCLN, TRID, WFC)

These are this morning’s top day trader alerts and active trader alert stocks for Monday.  We have more details on volume and price analysis on each stock covered at VSInvestor.com:

Amicus Therapeutics (NASDAQ: FOLD) is hitting 52-week lows on its type 1 Gaucher disease treatment disappointment.

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is trading up over 13% after the company has reportedly up for sale.

Capital One Financial Corp. (NYSE: COF) and Fifth Third Bancorp (NASDAQ: FITB) are both higher despite Goldman Sachs dropping FITB in favor of COF for its Conviction Buy List.

SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN) is down 7% but not as bad as it could have been after dropping its Phase 2 trial evaluating RP101 for late-stage pancreatic cancer.

Trident Microsystems Inc. (NASDAQ: TRID) is surging on higher guidance and an NXP combination of their digital TV and Set-Top box businesses.

Wells Fargo & Co. (NYSE: WFC) is up over 4% on the Goldman Sachs upgrade.

You can join our open email distribution list which goes out several times per week for reminders of the top day trader alerts, analyst upgrades and downgrades, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG
October 5, 2009

Posted on: October 5, 2009 – 9:10 am in After-Hours Activity, Pre-Market Activity, Trading Alert, , , , , , ,

Media Digest 10/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   A bear market could kill the extraordinary rally in corporate bonds.

Reuters:   Treasury will announce three more funds are buying toxic assets.

Reuters:   Bank of America (BAC) will select an emergency CEO this week.

Reuters:   Goldman Sachs (GS) is owed $1 billion if CIT (CIT) fails. Read More »

Posted on: October 5, 2009 – 4:01 am in Press Digest, , , , , , ,

Top Analyst Upgrades (AXL, BRCD, CL, ELX, GRMN, PGR, Q, SLB, TTWO)

These are this Friday’s top analyst upgrades, initiations, and positive research calls seen early from Wall Street:

American Axle (NYSE: AXL) Raised to Overweight at Barclays.
Brocade (NASDAQ: BRCD) Started as Outperform at Oppenheimer.
Colgate-Palmolive (NYSE: CL) Raised to Buy at Goldman Sachs.
Emulex (NYSE: ELX) Raised to Buy at Argus.
Garmin (NASDAQ: GRMN) Raised to Buy at BofA/Merrill Lynch.
Progressive (NYSE: PGR) Raised to Buy at Goldman Sachs.
Qwest (NYSE: Q) Raised to Market-Weight at Thomas Weisel.
Schlumerberger (NYSE: SLB) Raised to Buy at Goldman Sachs.
Take-Two Interactive Software (NASDAQ: TTWO) Started as Outperform at Wells Fargo.
Textron (NYSE: TXT) Raised to Overweight at Barclays.

You can join our open email distribution list which goes out several times per week if you wish to be notified by email when the top upgrades and downgrades are out, for top day trader alerts, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: September 11, 2009 – 8:12 am in Analyst Calls, , , , , , , , ,

Media Digest 9/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Ebay (EBAY) will sell Skype to private investors.

Reuters:   China’s manufacturing index gained.

Reuters:   A  late Labor Day will hurt August retail sales.

Reuters:   A US judge ruled against AIG (AIG) in a dispute with its former CEO. Read More »

Posted on: September 1, 2009 – 3:57 am in Press Digest, , , , , , , , , , , , , , , , , , ,

Top Analyst Upgrades (AMD, AXP, ACI, ASH, STD, BRCD, COF, DFS, HIBB, MSCC, RCL, ZMH)

There were quite a few analyst upgrades and positive research calls this Monday morning.  These are the calls we have seen from Wall Street firms early this morning with about two hours until the market opens:

Advanced Micro Devices (AMD) Raised to Buy at Citigroup.
American Express (AXP) Raised to Overweight at Barclays.
Arch Coal (ACI) Raised to Overweight at JPMorgan.
Ashland (ASH) Raised to Buy at KeyBanc.
Banco Santander (STD) Raised to Overweight at JPMorgan.
Brocade (BRCD) Raised to Buy at Argus.
Capital One (COF) Raised to Overweight at Barclays.
Discover Financial (DFS) Raised to Overweight at Barclays.
Hibbett Sports (HIBB) Raised to Overweight at JPMorgan.
Microsemi (MSCC) Raised to Overweight at Thomas Weisel.
Royal Caribbean (RCL) Raised to Buy at Argus.
Zimmer Holdings (ZMH) Raised to Overweight at Thomas Weisel.

If you wish to be reminded of daily upgrades and downgrades as well as other key market issues like mergers and top stories, you can join our open email distribution list to receive updates several times per week.

JON C. OGG

Posted on: August 24, 2009 – 7:58 am in Analyst Calls, , , , , , , , , , , ,

Top Day Trader Alerts (SIRI, CRM, FNM, FRE, BRCD)

These are this Friday’s top day trader and active stock alerts.  We have more detailed data on volume and price analysis with links through to VSInvestor.com on each stock:

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is up a second day on strong volume.

Salesforce.com Inc. (NYSE: CRM) is trading even higher than last night’s 8% gain after earnings and guidance were ahead of estimates.

Fannie Mae (NYSE: FNM) and Freddia Mac (NYSE: FRE) are both trading higher and actively ahead of existing home sales and ahead of Bernanke’s speech.

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is trading lower on heavy volume after earnings and after the CEO said that predicting a recovery is like grabbing water.

-The 24/7 Wall Street Team
AUGUST 21, 2009

Posted on: August 21, 2009 – 9:04 am in Pre-Market Activity, Trading Alert, , , , ,

Top 10 Analyst Upgrades and Downgrades (AEZS, AXP, ARTC, BRCD, GLW, CRXL, GS, IGT, MOT, TRA)

These are ten of the top analyst research upgrades, downgrades, and initiations seen early this Tuesday morning with about two hours until the market opens:

Aeterna Zentaris (AEZS) Cut to Sector Perform at RBC; cut at Canaccord and at Desjardins also.
American Express (AXP) Raised to Outperform at KBW.
Arthrocare (ARTC) Raised to Buy at Canaccord.
Brocade (BRCD) Raised to Strong Buy at S&P.
Corning (GLW) Raised to Outperform at Oppenheimer.
Crucell (CRXL) Cut to Sell at ING.
Goldman Sachs (GS) Raised to Buy at Pali.
International Game Tech (IGT) Raised to Overweight at JPMorgan.
Motorola (MOT) Started as Buy at Canaccord.
Terra Industries (TRA) Started as Overweight at JPMorgan.

JON C. OGG
AUGUST 18, 2009

Posted on: August 18, 2009 – 7:53 am in Analyst Calls, , , , , , , , , ,

Full Expectations For Cisco Earnings (CSCO, JNPR, BRCD, COMS, ALU)

CSCO LogoCisco Systems, Inc. (NASDAQ: CSCO) is set to report earnings after the closing bell on Wednesday.  Be advised that estimates could change ever so slightly before the formal number if there are any last minute changes from analysts.  Thomson Reuters has the estimates pegged at $0.29 EPS and $8.52 billion in revenues.  This will also mark Cisco’s fiscal year-end for 2009.  The guidance and the tone in CEO John Chambers’ voice will probably be more important here than the EPS figure.
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Posted on: August 4, 2009 – 10:47 pm in Earnings, Technology Companies, Telecom, , , , ,

Short Interest In Banks Plunges

bankThe short interest in most large banks fell very sharply for the period ending May 29, an indication that traders believe that TARP repayments and ongoing strong earnings mean the fate of American financial firms will continue to improve.

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Posted on: June 10, 2009 – 5:46 am in Short Interest, , , , , , , , , , , , , , , , ,

A New Call For Brocade To Hit New Highs (BRCD)

Brocade LogoBrocade Communications Systems, Inc. (NASDAQ: BRCD) is the beneficiary of a research call this morning from Broadpoint AmTech.  Many research calls are not very aggressive and many are very reactive on the surface.  That is the nature of many analyst estimates, and Wall Street analyst have to take criticism every time they are wrong.  But some calls are very aggressive, and that is what we are seeing from this boutique.
Read More »

Posted on: May 22, 2009 – 8:28 am in Analyst Calls, Cramer, Technology Companies, Value Investing,

Cramer’s #4 Speculative Tech Pick: ON Semiconductor (ONNN, TKLC, BRCD, CDNS)

Cramer ImageJim Cramer came out with his fourth speculative technology stock pick on CNBC’s MAD MONEY tonight.  His #4 pick for the basket is ON Semiconductor Corp. (NASDAQ: ONNN).  He said the company did a monster beat of earnings estimates yesterday and gave guidance that was better than expected.  It acted cautiously optimistic but Cramer noted two quarters of visibility.  He said this stock should not have fallen today, and that was because tech sold off.
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Posted on: May 7, 2009 – 6:04 pm in Cramer, Semiconductor, Technology Companies, Turnarounds, Value Investing, , , ,