Posts for Ticker ‘LOGI’

British Air And Iberia: Airlines Return To The Center Of M&A Stage

airplaneThe rumor that US Air (NYSE:LCC) and American (NYSE:AMR) may merge is not so far-fetched today, or that Southwest (NYSE:LUV) might take over JetBlue (NASDAQ:JBLU).

British Air and Iberia, the flag carriers of the two nations whose fleets met at The Battle of Trafalgar, will merge, creating one of the world’s largest airlines. BA shareholders will control 55% of the new company which will have a market value of $7 billion and total sales of nearly $20 billion. It is noteworthy that just earlier this week, BA said it would fire  4,900 people because of a $485 million loss in the six months that ended on September 30. Read More »

Posted on: November 12, 2009 – 5:58 pm in Airlines, Mergers and Buy Outs, , , , , , ,

Top 10 Analyst Upgrades and Downgrades (ATHN, CMO, CYOU, CTXS, EBAY, LOGI, NTAP, SANM, SNDA, VMW)

These are the top ten analyst upgrades and downgrades we have seen from Wall Street this Thursday morning:

AthenaHealth (ATHN) Started as Buy at Maxim.
Capstead Mortgage (CMO) Cut to Market Perform at KBW.
Changyou.com (CYOU) Cut to Neutral at Susquehanna.
Citrix Systems (CTXS) Cut to Hold at Needham.
eBay (EBAY) Raised to Outperform at RBC.
Logitech (LOGI) Cut to Neutral at UBS.
Network Appliance (NTAP) Raised to Overweight at Piper Jaffray.
Sanmina-SCI (SANM) Raised to Neutral at Credit Suisse.
Shanda Interactive (SNDA) Cut to Negative at Susquehanna.
VMware (VMW) Raised to Buy at Needham.

Jon C. Ogg
July 23, 2009

Posted on: July 23, 2009 – 7:19 am in Analyst Calls, , , , , , , , , ,

Top Pre-Market Analyst Downgrades (APD, AA, CENX, CERN, BOOM, ECLP, EE, FCX, K, LOGI, WYE)

Burning_money_picThese are some of the top pre-market analyst downgrades we have seen this Thursday morning with more than two hours until the market opens:

  • Air Products (APD) Cut to Hold at KeyBanc.
  • Alcoa (AA) Cut to Equal Weight at Morgan Stanley.
  • Century Aluminum (CENX) Cut to Equal Weight at Morgan Stanley.
  • Cerner (CERN) Cut to Hold at Jefferies; Cut to Perform at Oppenheimer.
  • Dynamic Materials (BOOM) Cut to Hold at KeyBanc.
  • Eclipsys (ECLP) Cut to Underperform at Jefferies.
  • El Paso Electric (EE) Cut to Hold at Jefferies.
  • Freeport-McMoRan Copper & Gold Inc. (FCX) Cut to Equal Weight at Morgan Stanley; Cut to Underperform at FBR.
  • Kellogg (K) Cut to Hold at Citigroup.
  • Logitech (LOGI) Cut to Sell at Citigroup.
  • Wyeth (WYE) Cut to Neutral at UBS.

Jon C. Ogg
January 22, 2009

Posted on: January 22, 2009 – 7:34 am in Analyst Calls, , , , , , , , , , ,

Logitech Slowly Becoming A Bargain (LOGI)

Logitech_logoShares of Logitech International (NASDAQ: LOGI) are trading lower after the company withdrew its guidance.  What is interesting is that the stock of this Swiss computer and gaming peripheral leader is holding up far better than many may have guessed.  There are reasons behind at least some of the relative stability despite the severity of the news.

Read More »

Posted on: January 6, 2009 – 10:31 am in Consumer Electronics, Earnings Warning, Value Investing, ,

Top Pre-Market Analyst Downgrades (AVNX, AVNXD, BKC, LVS, LOGI, PSUN, FACE, SHOR, SMA, TLB)

These are some of the top analyst calls we are seeing in pre-market trading this Friday morning:

  • Avanex (AVNXD) Cut to Neutral at Merriman Curhan Ford.
  • Burger King (BKC) Cut to Neutral at UBS.
  • Las Vegas Sands (LVS) Cut to Sell at B of A.
  • Logitech (LOGI) Cut to Hold at Deutsche Bank.
  • Pacific Sunwear (PSUN) Cut to Neutral at Baird; Cut to Market Perform at FBR.
  • Physicians Formula (FACE) Cut to Neutral at Piper Jaffray.
  • ShorTel (SHOR) Cut to Equal Weight at Lehman.
  • Symmetry Medical, Inc. (SMA) Cut to Underperform at Wachovia.
  • Talbots (TLB) Cut to Market Perform at FBR.

Jon C. Ogg
August 22, 2008

Posted on: August 22, 2008 – 6:36 am in Analyst Calls, , , , , , , , , ,

Major March Short Interest Increases (CSCO, LOGI, MCRL, PRXL, PTEN, SPLS, JAVA, TROW, YRCW)

We routinely look over major changes in short interest from period to period.  While the more frequent twice-monthly reporting is conducted by exchanges, it sometimes gives a little insight into the psyche of traders and trends.  The most important issue to look at is in the larger and more active names that have large positions that grew rapidly in percentage terms.

We screened many different names after the short interest data came out last night from NASDAQ, so we looked for a minimum of 5 million shares short and we looked for those names whose short interest grew by more than 30%.  These are not all of the names, but here is a representation of the screen:

Comapny (Ticker)                              MARCH 14     FEB 29       CHANGE
Cisco Systems, Inc. (CSCO)          73,069,889   48,631,811    50.25%
Logitech International (LOGI)           8,017,620    5,464,404     46.72%
Micrel, Incorporated (MCRL)             7,719,618    5,242,192     47.26%
PAREXEL International (PRXL)        6,204,152    3,137,862     97.72%
Patterson-UTI Energy (PTEN)         14,068,305    9,336,158    50.69%
Staples, Inc. (SPLS)                          20,708,717   15,097,693   37.16%
Sun Microsystems (JAVA)                23,630,955   17,562,322   34.55%
T. Rowe Price Group (TROW)         15,997,024   11,341,287   41.05%
YRC Worldwide, Inc. (YRCW)          22,782,135   16,007,172   42.32%

Jon C. Ogg
March 27, 2008

Jon Ogg produces the Special Situation Investing Newsletter and can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: March 27, 2008 – 7:57 am in Short Interest, , , , , , , , ,

Top 10 Pre-Market Analyst Calls (DD, ELN, LOGI, MSFT, OMPI, PDLI, RRGB, RMG, WHR, XFML )

These are not all of the analyst calls moving stocks this morning, but these are the top ten individual analyst calls that 247WallSt.com is focusing on this morning:

  • DuPont (NYSE: DD) started as Outperform at Credit Suisse.
  • Elan (NYSE: ELN) started as Outperform at Credit Suisse.
  • Logitec (NASDAQ: LOGI) started as Buy at Citigroup.
  • Microsoft (NASDAQ: MSFT) started as Buy at Jefferies.
  • Obagi Medical (NASDAQ: OMPI) raised to Outperform at Oppenheimer.
  • PDL BioPharma (NASDAQ: PDLI) cut to Equal-Weight at Lehman Brothers.
  • Red Robin Gourmet Burgers (NASDAQ: RRGB) raised to Overweight at JP Morgan.
  • RiskMetrics Group (NYSE: RMG) started as Outperform at Credit Suisse; started as Neutral at Banc of America.
  • Whirlpool (NYSE: WHR) downgraded to Underweight at JPMorgan.
  • Xinhua Financial Media (NASDAQ: XFML) downgraded to Neutral at JP Morgan.

Jon C. Ogg
March 5, 2008

Posted on: March 5, 2008 – 7:12 am in Analyst Calls, , , , , , , , , ,

Microsoft Might Buy Logitech… And It Should (MSFT, LOGI, MCZ)

Shares of Logitech (NASDAQ: LOGI) are trading up over 8% in early Thursday trading.  The maker of keyboards, mouses, PC-cams, microphones, and all other computer peripherals is trading up on market chatter and speculation that Microsoft may want to acquire the company.

While this is a mostly hardware company, this might actually be a good fit for Microsoft. The company is expected to have revenues of $2.39 Billion for its annual March-2008 numbers.  It also trades at 23.4-times fiscal March-2008 earnings if the estimates are accurate, and its currency converted market cap is roughly $6 Billion.  Logitech also just unveiled its new line of peripherals at CES this week.

Many analysts have panned software companies making hardware acquisition efforts.  This one makes sense though when you consider that Microsoft already makes many of its own computer peripherals. If nothing else, it might be a great bit of subliminal marketing with the company name being all over your desktop without you even realizing it.

Shares of Logitech are trading up over 8% at $33.86 and its 52-week trading range is $25.05 to $37.03.

If Logitech doesn’t get acquired by Microsoft, Logitech should consider acquiring Mad Catz Interactive (AMEX: MCZ).  That would lock-up a competitor in the video game peripherals space that has been making some inroads despite its sub-$100 million market capitalization.  With the $500 million or so bump in Logitech’s market cap today, the company could get Mad Catz for free.

Jon C. Ogg
January 10, 2008

Posted on: January 10, 2008 – 10:20 am in Mergers and Buy Outs, PC Companies, Rumors, Technology Companies, , ,

Consumer Electronics Show Device Launches (AMD, HIMX, LOGI, MCZ, MSFT, PXLW, RNWK, SNE, YHOO)

The Consumer Electronics Show kicked off last night with a keynote from Bill Gates (supposedly his last) and there are many product announcements being shown from large and small tech companies alike.  Here are some of the key product launch features being shown so far:

Advanced Micro Devices (AMD) unveiled its ATI Mobility Radeon 3000 graphics processor for notebooks and its Xilleon panel processor for LCD TV image quality; AMD shares up 1%.

Himax (HIMX) is in a new strategic alliance with 3M (MMM) over ultra-mobile digital projectors; HIMX stock up almost 6%.

Logitech (LOGI) is demo’ing its new sleek line of computer peripherals and entertainment devices.

Mad Catz (MCZ) will have its recently acquired Saitek unit with new Cyborg line including keyboard, mouse, headset, and peripherals.

Microsoft (MSFT) said at "CES" it had 100 million licenses sold of Windows Vista; 17.7 million Xbox 360’s, 10 million Xbox live users; will have new content downloads with Disney, ABC, and more; showcasing new GPS; MSFT shares up 1%.

Pixelworks (PXLW) launched its Keystone Correction Post-processing IC for digital projectors.

RealNetworks’ (RNWK) is partnering with Philips for its Rhapsody player for in-home audio and GoGear portable devices.

Sony (SNE) is debuting a new digital camcorder with triple recording in a hard drive, memory stick, and disk for ultra-compatibility among digital platforms; shares up 3%.

Yahoo! (YHOO) announced a platform neutral mobile ecosystem for mobile web content at CES with a new redesigned Yahoo! mobile launch page; shares up 0.5%.

Please be advised that there will be hundreds of product launches and partnerships announced out of the Consumer Electronics Show this week.  This is only a small snapshot of new devices we saw from various announcements and press releases.

Jon C. Ogg
January 7, 2008

Posted on: January 7, 2008 – 9:15 am in Product Review, Technology Companies, , , , , , , , ,

Pre-Market Stock News (July 19, 2007)

(AMTD) TD Ameritrade trading up 1% after beating and raising target.
(AVCI) Avici Systems trading up 29% on higher revenue guidance after earnings.
(BAC) $1.28 EPS vs $1.20 estimate.
(CAL) Continental $2.10 vs 1.84 estimate.
(CTXS) Citrix trading up 11% after beating revenues and two upgrades so far.
(EBAY) eBay trading down 1% after beating earnings, but lower listings.
(F) Ford bids due today for Rover and Jaguar units.
(HOG) Harley Davidson $0.14 EPS vs $0.13 estimate.
(IBM) IBM traded up 4% after beating earnings.
(JNPR) Juniper Networks trading up 8% after earnings and upgrade.
(LOGI) Logitech $0.14 EPS vs $0.16e.
(NAFC) Nash Finch $0.70 EPS vs $0.63 estimate.
(MOT) Motorola $0.02 EPS vs $0.00 estimate, but had already lowered.
(SAP) SAP trading up 8% after earnings rose 8% and a gain in market share.
(SCHL) Scholastic Corp. $0.93 EPS vs $1.02 estimate; sees 2008 $2.35-2.85 vs. $2.67 estimate.
(SPWR) SunPower $0.25 EPS vs $0.21e; down from $0.29 last year.
(UNH) UnitedHealth $0.87 vs $0.81 estimate.
(UNP) Union Pacific $1.65 EPS vs $1.62 estimate.
(VMC) Vulcan Materials lowerials lowered guidance.
(WIT) Wipro $0.12 EPS vs $0.12e.
(WMT) Wal-Mart is reportedly interested in acquiring China’s largest retailer Beijing Hualian, although companies have denied this.

Jon C. Ogg
July 19, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers. 

Posted on: July 19, 2007 – 7:23 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , ,