Microsoft (MSFT): Lending Money To Improve Revenue
Microsoft (NASDAQ: MSFT) has come up with a canny way to increase its revenue during a recession. It will loan companies money to buy its software. Redmond has always had a deft touch in…
Archive
Month: April 2008
All Month: April 2008 Articles
Newest first · Page 21Venezuela Oil Tax: Another Reason For Crude To Rise
Venezuela president-for-life and dissociative identity disorder diagnosed Hugo Chavez will raise a new tax on excess oil profits for crude found and refined in his "republic". According to The Wall Street Journal "The levy…
Merrill Lynch (MER) Write-Offs: The Economic Crisis Is No Longer Behind Us
Mack of Morgan Stanley (NYSE: MS) and Fuld of Lehman (NYSE: LEH) have both expressed the opinion that the worst of the Wall St. earnings crisis may now be in the past. The head…
Inflation Up 8.1% In China, 3.6% In Europe: Multi-Year Highes
Inflation in Europe rose 3.6% in March, the highest rate in 16 years. In China, inflation moved up 8.1%. According to The Wall Street Journal, the Communist government’s target was 4.8%. Pretty big miss.…
Media Digest 4/16/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, US senator Charles Schumer has asked the SEC to look at conflicts of interest at bond rating firms. Reuters writes that Washington Mutual (WM) are in favor of the company having…
Asia Markets 4/16/2008 (SNE)(DCM)(CN)(SNP)
Markets in Asia were mixed The Nikkei rose 1.2% to 13,146. Docomo (DCM) was down 1.3% to 151000. Sony (SNE) was up 3.5% to 4190. The Hang Seng rose .2% to 23,952. China Netcom…
Intel (INTC): Atlas Holds The World Aloft
After rafts of bad news from every corner of the business arena starting with GE (NYSE: GE) and spreading to Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB), a hard luck report from Intel…
Search Engine Number For March (YHOO)(GOOG)(MSFT)
According to comScore, Google (NASDAQ: GOOG) continued its climb in US search engine share. The number for Yahoo! (NASDAQ: YHOO) dropped slightly as did the figure for Microsoft (NASDAQ: MSFT). The comScore numbers for…
CV Therapeutics Soars on TPG-Axon Financing (CVTX)
CV Therapeutics, Inc. (NASDAQ: CVTX) has secured a deal with TPG-Axon Capital, where it will receive up to $185 million in exchange for the rights to 50% of CV Therapeutics’ royalty on North American…
Intel Gets Initial Cheer (INTC)
Intel Corp. (NASDAQ: INTC) posted earnings after the close, and Wall Street is cheering the results so far. It just posted $0.25 EPS on some $9.67 Billion in revenues. First Call estimates were $0.25…
Genentech Expands Stock Buybacks (DNA)
Genentech, Inc. (NYSE:DNA) has announced that the biotech giant has authorized the extension of its current stock repurchase program through June 30, 2009 and it amended the current repurchase program. It is increasing the…
The 52-Week Low Club (BORL)(SIGM)(NVTL)(AFFX)(CROX)
Fremont General (FMT) Down 50% today. Finally delisted. Hit bottom at $.26 against 52-week high of $13.80. Avnet (AVT) Warns on profits. Slips to $27.76 from 52-week high of $44.68. Kinetic Concepts (KCI) Sells…
Covad, Public No More (DVW)
Platinum Equity has announced that the private equity firm has now completed the acquisition of Covad Communications Group, Inc. (AMEX: DVW) in a merger with a total value of approximately $470 million. An affiliate…
Citigroup Says Auction-Rate Market Dead As A Doornail
The auction-rate market, created in 1985, has fundamentally shut down since February sticking individual investors and corporations with the "near cash" securities. Texas Instruments (NYSE: TXN), Palm (NASDAQ: PALM), and a number of other…
Intel Earnings To Dictate Trend of Tech Stocks (INTC, AMD)
After today’s closing bell, we’ll see earnings for Q1-2008 from Intel Corp. (NASDAQ: INTC). The processor and chip giant estimates from First Call are $0.25 EPS on $9.63 Billion in revenues. We’ve already been…