The afternoon did not start well for Qualcomm (QCOM) The German Federal Patent Court ruled on Wednesday that the company’s GSM patent asserted in a case against the world’s top cellphone maker, Nokia (NOK),…
Shares of Amazon.com Inc. (NASDAQ: AMZN) ar responding favorably to its earnings announcement. The internet retail giant posted $0.37 EPS and $4.06 Billion in revenues versus estimates of $0.26 non-GAAP EPS on $3.96 Billion. …
Mirant (MIR) Downgrade from Lehman Brothers. Falls off to $30.90 from 52-week high of $44.61. Convergy (CVG) Good profits, but cuts forecast. Sells down to $12.69 from 52-week high of $24.30. A D C…
Genentech Inc. (NYSE: DNA) is running into some issues over the merger with Roche at $89.00 per share. Wall Street DOES expect this merger to close with Genentech becoming a subsidiary again rather than…
Bank of America Corporation (NYSE: BAC) just made key announcements regarding the dividend and the share buyback plans. It has just announced that it declared a regular quarterly dividend on common stock of $0.64…
After the close of trading today we’ll get earnings out of Amazon.com Inc.(NASDAQ: AMZN). The internet retail giant’s estimates from First Call are $0.26 non-GAAP EPS on $3.96 Billion. Estimates for next quarter are…
Anheuser-Busch Companies Inc. (NYSE: BUD) reported earnings today, and no one is paying attention because of the InBev merger at $70.00 making this earnings report essentially a non-event. But there are two issues coming…
Costco Wholesale Corp. (NASDAQ: COST) is taking a drumming this morning after it earnings warning. What is interesting is that if you overlay the customers of American Express, you essentially get a view of…
This morning we had four different DJIA compomnents report earnings and so far all shares of these are indicated higher. AT&T (NYSE: T) posted $0.76 non-GAAP EPS vs. $0.76 estimates and generated $8.5 Billion…
This morning we had four different DJIA components report earnings and so far all shares of these are indicated higher. AT&T (NYSE: T) posted $0.76 non-GAAP EPS vs. $0.76 estimates and generated $8.5 Billion…
If the result from McDonald’s (MCD) say anything it is that the low end of the consumer market in the US has not died off. For the second quarter, MCD revenue moved up 4%…
AKS, BHI, IPI, NAT, PSYS, SGLP, SNN, SYNA, ULTAThese are some of the top upgrades or positive analyst calls we are seeing this Wednesday morning in early pre-market hours: AK Steel (AKS) Raised to…
These are some of the top downgrades or negative analyst calls we are seeing this Wednesday morning in early pre-market hours: ADC Telecom (ADCT) Cut to Neutral at Baird; Cut to Market Perform at…
A lot of people waited for months to get a new Apple (AAPL) 3G iPhone. Some even passed up the first version, which ran on AT&T’s (T) slower 2.5G network. A number of customers…
There has been a lot of speculation that speculators have been causing high oil prices. Perhaps demand in India and China do not do much to the rising cost of crude. Flat supplies from…
Wall St. cheered what seemed to be withering results from Washington Mutual (WM) and Wachovia (WB). WaMu lost $3.3 billion and reserved $3.7 billion to handle loan losses. Wachovia lost $9 billion and its…
VMWare (VMW) was the hot IPO of 2007. Its shares rose from $50 to $125 almost overnight. The run-up improved the fortunes of the stockholders of its majority shareholder EMC (EMC) and enriched those…
Toyota (TM) made a cut in its forecast for car sales during its fiscal year. It was an extremely modest cut, given the troubles in the global car market, especially the US. According to…
According to Reutere, Yahoo! (YHOO) profits were down, but the company maintained its full-year forecast. Reuters reports that Wachovia (WB) posted huge write-offs and losses for the last quarter. Reuters writes that some members…
Markets in Asia were mostly higher. The Nikkei rose 1% to 13,313. NEC was up 2.8% to 585. NTT (NTT) was down 3.1% to 497000. Toyota (TM) was down .9% to 4870. The Hang…