Can Ebay (EBAY) Takeover Craigslist?
Ebay (EBAY) has sued Craigslist for diluting its 28% interest in the classified ad website. The odd thing about the suit is that it does not disclose what Ebay paid for its interest nor…
All Work
Douglas A. McIntyre
Yahoo!’s (YHOO) Last Chance For Independence
Yahoo!’s (YHOO) Q1 earnings were not enough to prove the case that the company is making tremendous progress. That stock dropped slightly after the news. Microsoft (MSFT) has more ammunition to show that no…
News Digest 4/23/2008 Reuters, WSJ, NYTimes, FT, Reuters
According to Reuters, Yahoo! (YHOO) earnings met expectations. Microsoft (MSFT) indicated it would not raise its bid. Reuters writes that the price of corn and rice moved up sharply. Reuters reports that Tribune is…
Asia Markets 4/23/2008 (TM)(SNP)(PTR)
Markets in Asia were mixed. The .2% to 13,579. NEC was up 2.7% to 482. Toyota (TM) was donw 1.7% to 5140. The Hang Seng was up 1% to 25,197. China Petroleum (SNP) was…
American Water Works IPO Looks Slightly Under Water (AWK)
American Water Works Co. (NYSE: AWK) is coming back on the US market. The deal has priced this evening and will trade on the NYSE on Wednesday morning. A trader has noted that the…
Cramer Takes His Gas To El Paso & Nabors (EP, NBR)
In light of EARTH DAY, Jim Cramer came on MAD MONEY on CNBC with a natural gas pick tonight. His pick tonight is El Paso Corp. (NYSE: EP) which is the largest domestic natural…
Plug Power Backer Files To Unplug (PLUG)
Plug Power Inc. (NASDAQ: PLUG) has just filed a shelf registration for a secondary offering of 39.5 million shares of common stock. Based on recent prices that translates to a $135+ million offering, and…
SPAC/Blank Check IPO Filing: Angelo, Gordon Acquisition Corp.
Angelo, Gordon Acquisition Corp., a Blank Check company or a Special Purpose Acquisition Company, has filed to come public via an IPO. The company has filed to sell some 30 million units at the…
Sirtris Major Buyout Premium From GlaxoSmithKline, Public Under a Year (SIRT, GSK)
GlaxoSmithKline (NYSE: GSK) has announced that it has entered into a definitive acquisition pact with Sirtris Pharmaceuticals Inc. (NASDAQ: SIRT). The drug giant will pay approximately $720 million via a cash tender offer of…
Broadcom Trumps Revenues (BRCM)
Broadcom Corp. (NASDAQ: BRCM) has issued earnings of $0.14 EPS on a GAAP basis on $1.032 Billion in revenues. First Call has EPS on a non-GAAP basis as $0.28 so we’ll have to see…
Yahoo! (YHOO): Earnings Hogwash
Yahoo! (YHOO) had the bad judgment to start its earnings PR talking about what the company would look like in two years. "we believe we can significantly accelerate our revenue growth, return to our…
VMware Doesn’t Repeat Prior Disappointment (VMW, EMC)
VMware Inc. (NYSE: VMW) decided not to make a repeat of last quarter’s earnings disappointments. The king of virtualization posted net income of $43 million on $438 million in revenues. Reported EPS was $0.11…
SPAC/Blank Check IPO Filing: GF Acquisition Corp. (GFX)
Last night, we saw another SPAC IPO filing with the SEC. GF ACQUISITION CORP. filed as a Specialty Purpose Acquisition Company to come public via a sale of 8 million units at $10.00 per…
The 52-Week Low Club (DAL)(AMR)(LCC)(UAUA)
Delta Air Lines Inc (DAL) Fuel costs, faltering earnings. Drops to $6.70 from 52-week high of $21.85. AMR (AMR) Another airline. Sells off to $7.05 from 52-week high of $29.47. US Airways Group (LCC)…
CostCo (COST): As Inflation Rises, Food Hoarding Begins
Shoppers are raiding CostCo (COST) for rice and wheat. At least the are paying for it, for the time being anyway. The discount retailers CEO says that "enough is enough". CostCo is prepared to…
Yahoo! Earnings Likely A Sideshow (YHOO, MSFT)
Yahoo! Inc. (NASDAQ: YHOO) reports earnings today after the close, and hopefully we get one more glimpse of what is going on inside Jerry Yang’s head. The search engine and content giant is expected…
OPEC Could Increase Production 5 Million Barrels A Day By 2012
AFP is reporting today that OPEC’s secretary general, Abdalla Salem El-Badri, has stated that the cartel "plans to lift production capacity by five million b/d by 2012." El-Badri’s also noted that OPEC planned to…
Apple (AAPL): The Mac Finally Moves Beyond Consumers, Sells To Small Businesses
The knock on sales of the Apple’s (AAPL) Mac has been that they are limited to consumers, colleges, and media companies. But, as Mac purchases grow at a rate of close to double that…
More Bad News from the Oil Patch (BHI, BJS, SII)
Three more oil field services companies reported earnings today, and there isn’t much good news in any of the announcements. Baker Hughes (NYSE:BHI) reported EPS of $1.27, which includes a one-time gain of $0.06/share,…
Intrepid Potash IPO Set To Trade (IPI)
Last week, Intrepid Potash Inc. (NYSE: IPI) went from a hot IPO to a scorcher in the agriculture and fertilizer sector. That was after the price target and share offering were hiked considerably. The…