An OPEC Cut That Doesn’t Count
OPEC said it would cut oil production by 1.5 million barrels a day. Its normal output is about 32 million, so in most cases since the embargo in 1973/74, that would mean a lot.…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 81Another Break-Up Of Microsoft (MSFT)
It is not that long ago that The Justice Department suggested that Microsoft (MSFT) was so powerful that it needed to be broken into pieces. In 2000, Justice hired famous banker Bob Greenhill to…
Bailout Moves Toward $2 Trillion
There is an “official” government bailout number. That is the $700 billion Congress gave to Henry Paulson to hand out as he pleases. Most of it will go into buying equity in banks and…
Recession Deepens: Another Five Million Unemployed And Bottom Fishing Becomes An Art
No matter where economists look there is no evidence that a recession in the US, EU, and Asia is doing anything but deepening. The stock markets are the least of it. Some of the…
Media Digest 10/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Greenspan said he was shocked by the credit meltdown. Reuters reports that the value of Bear Stearns $30 billion mortgage portfolio fell 9%. Reuters writes that Asia and Europe are turning…
Asia Markets And Europe Open 10/24/2008 Huge Drops (SNE)(HMC)(TM)
Markets in Asia were sharply lower. The Nikkei dropped 9.6% to 7,649. Sony (SNE) fell after warning on earnings. Honda (HMC) and Toyota (TM) were both down over 5%. The Hang Seng dropped 7.2%…
Alan Greenspan: The Federal Reserve In Exile
Liars and thieves have always been popular figures in America. Is there another country where Billy the Kid and John Dillinger would be more well-known and highly regarded by the average citizen than Woodrow…
EMS Earnings War: Flextronics Vs. Celestica (FLEX, CLS)
After today’s close, we got to see earnings from two key electronics manufacturing services firms. Flextronics International Ltd. (NASDAQ: FLEX) and Celestica Inc. (NYSE: CLS) both look cautious on the surface as the economy…
Juniper Networks, Impressive Growth Under the Circumstances (JNPR)
Juniper Networks, Inc. (NASDAQ: JNPR) has posted earnings and shares are rising in after-hours trading. The networking equipment operator said that net revenue for the third quarter rose 29% to $947.0 million, with GAAP…
Microsoft Earnings, When Less Is More (MSFT)
Microsoft Corporation (NASDAQ: MSFT) has reported earnings and the management of expectations here is probably about as fair as any investor in today’s climate could hope for. The software giant posted earnings of $0.48…
The 52-Week Low Club (CHB)(BDC)(LVS)(DHI)(PHM)(LVLT)(CDNS)
Champion Enterprises (CHB) Moody’s downgrade. Drops to $1.80 from 52-week high of $13.30. Belden (BDC) Net income falls and forecast drops. Falls to $13.48 from 52-week high of $59.48. Las Vegas Sands (LVS) Economic…
Can SIRIUS Avoid OTC or Pink Sheets? (SIRI)
This is a bear market and a recession, yet it still feels like Winston Churchill calling the actions of Russia as "a riddle, wrapped in a mystery, inside an enigma." When you look at…
Adjusting Expectations On Microsoft Earnings (MSFT)
Software giant Microsoft Corporation (NASDAQ: MSFT) is set to report earnings after today’s close. First Call has estimates pegged at $0.47 EPS and $14.78 billion in revenues. As with most companies, the focus is…
Solar Paradise Woes: Order Cuts, Sooner Than Expected (DUK, FSLR, SPWRA, STP, ESLR, LDK)
There has been quite a bit of data calling for a supply glut in 2009 with oversupply patterns existing in 2010 and beyond. This seems counterintuitive if you consider the trends toward alternative energy,…
Raytheon Files To Raise Up To $3 Billion (RTN)
Raytheon Company (NYSE: RTN) has just filed an open shelf registration statement with the SEC to sell up to $3 billion in any combination of securities in the form of debt securities, common stock,…