Weak Techs Fade As Economy Heads To Toilet (AMD)(JAVA)(EMC)(HPQ)(IBM)(VMW)
Joe Tucci, the CEO of EMC (EMC), has done his best to ruin his company and its spin-out VMWare (VMW). VMWare has the look and feel of a public firm but Tucci holds it…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 113Sick Twist of Fate, Citigroup’s Model Was Right (C, JPM, WM, GS, MS, WB, BAC, MER)
There is one interesting irony in this whole financial meltdown which goes which many will not want to admit. Citigroup Inc. (NYSE:C) and the financial supermarket model may actually be emulated by the entire…
Time Has Run Out For Apple (AAPL)
Apple’s (AAPL) stock got poleaxed by results from smartphone company Research-In-Motion (RIMM) which said its costs were going up and hinted that its growth might slow. Component and marketing expenses are damaging its earnings.…
KB Home Shows Poor Housing To Continue (KBH)
KB Home (NYSE: KBH) is showing that the housing mess isn’t over. No one was expecting anything great, but the beatings are continuing. Revenue fell 56% to $681.6 million, and housing revenues were down…
Top Analyst Upgrades & Downgrades (ANR, BJS, DL, RIMM, AGU, CF, MNT, POT, TRA)
There are actually very few analyst calls this morning and some of these may even be carry-over calls from late yesterday: Alpha Natural Resources (ANR) raised to buy at UBS. BJ Services (BJS) raised…
Customers Cut Out On Morgan Stanley (MS)
Morgan Stanley (MS) is starting to have some of the problems that hurt Lehman. According to the FT, "Morgan Stanley lost close to a third of assets in its prime brokerage last week, amounting…
GM (GM): Luck Runs Low In China
Up until recently there has been a horse race for who is the largest seller of cars in China. GM (GM) and VW traded places from quarter to quarter. Unfortunately for GM (GM), its…
RIM (RIMM) Blackberry: Cheap Products Get Expensive
RIM (RIMM) Blackberry handheld e-mail devices really do not cost much. Purchased with a wireless subscription plan they may go for as little as $200. Corporations love the product because it keeps their over-burdened…
Fed Loans $188 Billion A Day: Who Needs Bailout?
The Fed has been loaning banks and money managers an average of $188 billion a day over the last week. That is four times what the sum averaged a week earlier. Absent a bailout…
Why Washington Mutual (WM) Does Not Matter
Washington Mutual (WM) failed yesterday and most of its assets where sold to JP Morgan (JPM). The price was $1.8 billion. JPM will have to write down $31 billion in bad loans, but, since…
Media Digest 9/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, talks over a US bailout of banks broke down and will begin again today. Reuters reports that Washington Mutual (WM) became the largest bank failure in US history. Many of its…
Asia Markets 9/26/2008 (CHL)
Markets in Asia fell slightly. The Nikkei was off .9% to 11,893. CSK Holdings dropped more than 9%. Kyocera dropped over 2%. The Hang Seng fell .7% to 18,895. Ping An Insurance fell almost…
The SEC Wants to Ban Reality
By John Tamny, RealClearMarkets Ned Ludd founded an eponymous movement in 19th century England meant to ban the mechanized looms that made the work of skilled textile artisans superfluous. According to the Luddites, the…
Proxy Surprise: Cisco Re-Nominates Jerry Yang To Board (CSCO, YHOO, MSFT)
Cisco Systems Inc. (NASDAQ: CSCO) is doing something which we thought might not occur. In the full proxy materials for the annual shareholder meeting, the company has re-nominated Yahoo! Inc. (NASDAQ: YHOO) CEO Jerry…
RIM, Down The Drain (RIMM)
Research In Motion Ltd. (NASDAQ: RIMM) posted disappointing results. The Blackberry maker reported earnings of $0.86 on $2.58 billion in revenue. First Call had estimates of $0.87 for earnings and $2.6 billion for revenue. …