NPD released its monthly video game data showing that December video game spending increased 30.9% from December 2006. What is interesting is that software sales of game titles were up 36%, while hardware in…
Sprint’s (S) shares are now down by more than half from their 52-week high, trading at $9.35 compared to $23.42. The company’s market cap has fallen to under $27 billion, less than one time…
Advanced Micro Devices (NYSE: AMD) showed an earnings report yesterday that wasn’t full of any great news, but the good side of it was that it wasn’t as bad as many would have guessed. …
There was one small bit of good news last night out of Symatec (NASDAQ: SYMC). The data security and storage leader announced that it was actually selling a unit. San Francisco-based private equity firm…
Sprint (S) is the latest company to say it will show a number of its employees the door. The firm’s business is not doing very well either. For the fourth quarter Sprint reported a…
Late delivery of the Dreamliner is catching up with Boeing (BA). According to the FT "Qantas’s contractual arrangements with Boeing provided for the ability to claim damages in certain circumstances." Geoff Dixon, Qantas chief…
Goldman Sachs has issued a broader snapshot of what to expect from Q4 earnings now that we have seen some of the companies report. This is also ahead of the earning deluge next week. …
These are not the only analyst calls out there, but these are the top calls that 247WallSt.com is focusing on today: Ambac (ABK), M B I A Inc. (MBI), and Security Capital Assurance (SCA)…
Markets in Europe were up modestly at 7.10 AM. The FTSE rose 1.4% to 5,982. BT (BT) was up 2% to 280.75. BHP Billiton (BHP) rose 1.9% to 1375. The DAXX was up a…
Schlumberger Ltd. (NYSE: SLB) has posted diluted earnings-per-share of $1.11 versus $1.09 in the previous quarter, and $0.92 in the fourth quarter of 2006. Revenues were $6.2477 Billion, up from $5.349 Billion in Q4…
General Electric (NYSE: GE) has just posted earnings with EPS up 17% to $0.68, in-line with $0.68 First call estimates. Revenues were up 18% with organic revenue growth of 10% to $48.6 Billion, above…
GE’s (GE) numbers were OK. There was no real difference between expectations and what really happened. GE hit a 52-week low yesterday, so the company’s world does not look so good to Wall St.…
In any market, fools probably outnumber smart investor by a wide margin. Shareholders in dead pool tech firms like Sun (JAVA) and AMD (AMD) are not at the "high intelligence" end of the spectrum.…
Chieftain Capital Management owns over 60 million Comcast (CMCSA) shares, which is 2% of share outstanding. The investing firms want CEO Brian Roberts to leave. The problem is that his father founded the company…
GM chief Rick Wagoner is prepared to work 24 hours a day to continue cutting costs in the US. Even if he has to take them to zero, he will get the firm’s North…