IPO UPDATE: American Water Works, Inc. (AWK)
Last night there was another amended filing for American Water Works, Inc. and its upcoming giant IPO. The giant water utility will still trade with the "AWK" ticker on the NYSE, and this may…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 317Goldman Sachs Switches Up Comm-Tech Coverage (CSCO, JNPR, RIMM, QCOM, ARUN, NTGR, PWAV)
Goldman Sachs has made some changes this morning in its coverage team that analyzes communications technology. For starters, the overall stance on the group has been changed down to a Neutral view from an…
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…
GE Sells Corporate Payment Services Unit to American Express (GE, AXP)
American Express Co. (NYSE: AXP) and GE Money, part of General Electric (NYSE: GE), have announced that American Express will purchase Corporate Payment Services, GE’s commercial card and corporate purchasing business unit. This unit…
Constant Contact Insiders & Backers Selling Into IPO Lock-Up Date (CTCT)
Constant Contact, Inc. (NASDAQ: CTCT) has filed a registration statement with the SEC to sell 4,390,800 shares of common stock. Almost all of the stock is being sold by insiders as 4,284,339 shares are…
Top 10 Pre-Market Analyst Calls (ARUN, BLK, COMS, DLB, HAL, JNPR, MOT, OMRX, QLGC, STX, AUY)
These are not all of the calls we are seeing this morning, but these are the top calls that we are focusing on this Thursday morning in pre-market activity: Aruba Networks (NASDAQ: ARUN) Cut…
Oppenheimer Cuts More Financials (C)(JPM)(WB)(MER)(UBS)
A day after taking down its earnings forecasts for Citigroup (C), JP Morgan (JPM), and Wachovia (WB), Oppenheimer has cut its first quarter numbers on Merrill Lynch (MER) and UBS (UBS). According to Reuters,…
Europe Markets 3/27/2008 (BCS)(SAP)(AXA)
Markets in Europe were higher at 7 AM New York time. The FTSE was trading up 1.1% to 5,725. Barclays (BCS) was up 3.2% to 459. HBOs was up 4.6% to 566.5. The DAXX…
AMD’s (AMD) New Chip Needs Dentures
AMD (AMD) has been bragging that it will introduce a new high-end chip for desk-top computers. It will make PCs run faster, especially for hungry video and gaming applications. The chip, Phenom, is about…
Nokia (NOK) Tomahawks Motorola (MOT)
Yesterday’s news that Motorola (MOT) was breaking the business into two pieces sent the stock exactly nowhere. It has occurred to Wall St. that the company’s large handset division may be worth very little.…
Oracle (ORCL): Some Earnings Are Better Than Others
Oracle’s (ORCL) earnings were excellent by any measure except, perhaps, the perverse yard-stick of Wall St. Revenue rose 21% and profits were up 30% To say in another way, margins improved sharply, one of…
Clear Channel (CCU) And Moral Relativism
Unlike theology and philosophy, there are no great truths in business, only petit verities. One of these is that breaking contracts to keep from losing money is OK. The banks which were to fund…
Nasdaq Short Interest, Bets Against Techs Move Up (MSFT)(INTC)(CSCO)(ORCL)(JAVA)
Short interest for number of tech stocks listed on Nasdaq rose on March 14 compared to figures from February . Shares short in Microsoft (MSFT) spiked up 7.4 million to 123.1 million. Short interest…
Media Digest 3/27/2008 Reuters, WSJ, NYT, FT, Bloomberg
According to Reuters, Oppenheimer cut is earnings forecasts for Merrill Lynch (MER) and UBS (UBS) a day after cutting Citigroup (C) and Bank of America (BAC). Reuters reports that the Meriwether hedge fund is…
Asia Markets 3/27/2008 Shanghai Falls (LFC)(SNP)
Markets in Asia were mixed but Shanghai fell sharply. The Nikkei fell .8% to 12,604. Honda (HMC) fell 2.5% to 2985. NTT (NTT) fell 2.5% to 433000. The Hang Seng was flat at 22,620.…