Analysts hung crepe for hours after Microsoft (MSFT) announced it quarterly results. Revenue did not grow enough and earnings were light. Sales were actually down at the company’s three huge divisions: client, servers, and…
The prevailing wisdom is that oil prices will keep rising. One CIBC analyst recently said it will hit $200 by 2010, driving US gasoline prices to $7. The Brazilians say they will rescue us…
CNN commentator Jack Cafferty is a insolent fellow. He commented about the Chinese saying "They’re basically the same bunch of goons and thugs they’ve been for the last 50 years". Nice touch. Cafferty was…
According to Nasdaq data for the period ending April 15, short sellers moved aggressively out of tech shares. The figure compare with those posted on March 31. The short interest in Microsoft (MSFT) fell…
According to Reuters, two Chinese citizens have filed a $1.3 billion suit against CNN(TWX) for insulting the people in their country. Reuters reports that Honda’s net fell and that the company said the yen…
Markets in Asia were mixed. The Nikkei rose 2.4% to 13,863. Sony (SNE) rose 5.3% to 4780. Toyota (TM) rose 3.1% to 5290. The Hang Seng fell .6% to 25,518. China Netcom (CN) fell…
The arguments that CNET’s (CNET) board should retain its current management went away today when the company announced it Q1 results. Total revenue was up a very modest 3% to $91.4 million. Non-GAAP operating…
On tonight’s MAD MONEY on CNBC, Jim Cramer continued his GREEN WEEK stock picks. Tonight he wanted to cover the buy on weakness for these stocks and tonight he covered wind power stocks. He…
Baidu.com, Inc. (NASDAQ: BIDU) just posted earnings of $0.67 non-GAAP EPS on $81.9 million revenues. The estimates for the Chinese online search engine leader from First Call were $0.60 EPS on $75.39 million in…
ValueAct Capital Management is a leading activist fund that acquires shares in public companies to influence their boards to make certain actions or to fix current problems. In an SEC Filing, the fund (through…
Microsoft Corp. (NASDAQ: MSFT) just reported earnings after the close and the software giant posted $0.47 EPS on $14.45 Billion in revenues. First Call had estimates at $0.44 EPS on $14.5 Billion in revenues. …
Amgen (AMGN) adjusted earnings per share of $1.12 for the first quarter of 2008, an increase of 4 % compared to $1.08 for the first quarter of 2007. Adjusted net income decreased 4 %…
Sovereign Bancorp (SOV) Moody’s cuts rating. Drops to $6.48 from 52-week high of $24.71. Select Comfort (SCSS) Quarter short of expectation. Down to $2.45 from 52-week high of $19.03. Taser (TASR) Misses estimates for…
This evening we’ll get to see earnings Baidu.com, Inc. (NASDAQ: BIDU). The estimates for the Chinese online search engine leader from First Call are $0.60 EPS on $75.39 million in revenues. Next quarter estimates…
One Wall St. analyst is forecasting that oil will go for $200 a barrel by 2010. According to The Financial Post "Jeff Rubin, chief economist at CIBC World Markets says oil production will barely…
Microsoft Corp. (NASDAQ: MSFT) reports earnings after the close of trading today, and First Call has estimates at $0.44 EPS on $14.5 Billion in revenues. Ballmer-Gates & Co. is expected to post $0.48 EPS…
CONSOL Energy (NYSE:CNX) today reported first quarter earnings of $75.1 million and EPS of $0.41. This is down from first quarter 2007 earnings of $113.3 million and EPS of $0.61. Revenue reached $1.03 billion…
Triarc Companies, Inc. (NYSE: TRY) and Wendy’s International, Inc. (NYSE: WEN) have signed a definitive merger agreement. According to the release, this has been approved by theboards of directors of both companies. The merger…
Motorola (MOT) sold only 27.4 million handsets last quarter, an astonish drop of 40%. The division may now be worthless. It will be spun off from the other operations, but investors will be likely…
Bristol-Myers Squibb Company (NYSE: BMY) came out with earnings at $0.35 EPS and reaffirmed 2008 guidance of $1.36 to $1.46 GAAP EPS and $1.60 to $1.70 non-GAAP EPS. It also maintained a 2007 to…