Media Digest 5/13/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, HP (HPQ) plans to buy EDS (EDS) to better compete with IBM (IBM). Reuters writes that AIG (AIG) says it sees no reason to follow the request of its ex-CEO to…
All Work
Douglas A. McIntyre
Asia Markets 5/13/2008 (CHL)(PTR)
Markets in Asia were mixed The Nikkei rose 1.5% to 13,954. Canon rose 2.9% to 4310. KDDI rose 3.9% to 691000. The Hang Seng rose 1.7% to 25,495. China Mobile (CHL) rose 2.6% to…
Petro-Canada, New Debt For Old Debt (PCZ)
Petro-Canada (NYSE: PCZ) is selling a total $1.5 Billion in debt to a syndicate of underwriters in the United States. Of the full offering, some $600 million in debt of 6.05% 10-year Notes due…
Southwest Airlines Takes Down New $600 Million Loan (LUV)
Southwest Airlines Co. (NYSE: LUV) has disclosed in an SEC Fling that On May 6, 2008 the company entered into a term loan agreement with Citibank and seven European banks named as lenders to…
Why Didn’t Dell (DELL) Buy EDS (EDS)?
Late word is that Hewlett-Packard (HPQ) plans to buy technology outsourcing company EDS (EDS) for something like $13 billion. Shares in EDS rose almost 28% on the rumor. HPQ has a market cap of…
Whole Foods & Earnings… Luxury or Staple??? (WFMI)
Tuesday after the close, we’ll get to see earnings out of Whole Foods Market Inc. (NASDAQ: WFMI). The estimates for the organic food grocer from First Call are $0.30 EPS on $1.89 billion in…
Electronic Arts…. Earnings Guidance or Merger?? (ERTS, TTWO)
After the close of trading on Tuesday, we’ll get to see earnings out of Electronic Arts Inc. (NASDAQ: ERTS). The estimates for the video game software game giant from First Call are $0.00 EPS…
Can Solar Drive Applied Materials Earnings? (AMAT)
Tuesday after the close, we’ll get to see earnings out of Applied Materials Inc. (NASDAQ: AMAT). The estimates for the semiconductor fabrication company from First Call are $0.22 EPS on $2.14 billion in revenues. …
An Ignominious Death For Merged Sirius (SIRI) XM Satellite Radio (XMSR)
Over the last few weeks several state attorneys general have come out against the merger of Sirius (SIRI) and XM Satellite Radio (XMSR). There has also been talk of a new competitor being set…
Sirius & XM Earnings Come & GO… Next Stop, The FCC (SIRI, XMSR)
This afternoon we saw earnings out of Sirius Satellite Radio Inc. (NASDAQ: SIRI) and we saw earnings from XM Satellite Radio (NASDAQ: XMSR) this morning before the open. Unfortunately, it looks like everything is…
H-P Confirms EDS Talks, Who’s Next? (EDS, HPQ, ACN, CSC, ACS, PER, UIS, ACXM, BE)
As traders look to the news covering whether or not Electronic Data Systems Corporation (NYSE: EDS), there was a release from Hewlett-Packard Co. (NYSE: HPQ) that confirmed the two companies were engaged in merger…
The 52-Week Low Club (EVR)(PLA)(CMLS)(LGBT)
Evercore Partners (EVR) was knocked down to $12.54 against a 52-week high of $33. Playboy Enterprises (PLA) sold off to $6.80 on a continuing poor reaction to earnings. The company has a 52-week high…
Citigroup (C) Can’t Be Fixed: A $10 Stock?
It may be that Citigroup (C) will never be fixed. According to Oppenheimer & Co analyst Meredith Whitney the bank "will be forced to announce the sale of major businesses toward the end of…
Market Talk: H-P & EDS??? (HPQ, EDS)
If you thought big tech mergers were over, there may be another one brewing. Be sure to focus on the term "may"" in that. The WSJ has reported that Hewlett-Packard (NYSE: HPQ) is in…
Biotech Business Daily (AMAG, CEGE, IMCL, XOMA, TRCA)
AMAG Pharmaceuticals (NASDAQ: AMAG) has been added to the Nasdaq Biotechnology Index (NASDAQ: NBI) beginning May 19, 2008. AMAG shares up $1.26 at $39.85. The 52-week range is $38.16 to $72.95. Cell Genesys (NASDAQ:…
Online Video Consumption Up, No One Making Money (GOOG)(VIA)(NWS)(MSFT)(YHOO)
Online videos viewed in March moved up to 11.5 billion, a 13% jump from the year before and a tremendous pop of 64% over the same month last year. The question is whether anyone…
Clear Channel (CCU) Pistol Whips It Banks? (C)(DB)(MS)(CS)(RBS)(WB)
Clear Channel (CCU) has a leveraged buy-out in place. Of course, like many of these deals cut last years, the banks tried to walk out a side door. often claiming that the businesses they…
SPAC Going Operational: GSC Acquisition Into Complete Energy (GGA)
With all the Special Purpose Acquisition Companies (SPAC’s) that have filed to come public, many SPAC’s haven’t proposed an actual business move they are designed to execute. Blank check company GSC Acquisition Company (AMEX:…
Oilsands Quest Wins On Private Placement (BQI)
Oilsands Quest Inc. (AMEX: BQI) is seeing a positive reaction to news that the company entered into an agreement with Sprott Asset Management Co. for a private placement of 11,904,761 treasury shares of common…
iPCS Suit Threatens Sprint & Clearwire (S, IPCS, CLWR)
Sprint Nextel Corp. (NYSE: S) already has issues coming up over its WiMAX scenario, and this could have long-term implications on all parties involved. This isn’t even about earnings either. The Clearwire Corporation (NASDAQ:…