EMC Follows VMware Higher On Earnings (EMC, VMW)
Shares of EMC Corp. are running up after earnings. The company’s net income of $268.8 million came to $0.13 EPS GAAP and $0.16 EPS non-GAAP while revenues were $3.47 Billion. First Call had estimates…
All Work
Douglas A. McIntyre
Level 3 Guidance Sends Short Sellers Covering (LVLT)
Level 3 Communications (NASDAQ: LVLT) is out with earnings, and the short sellers are getting out of the way. The company posted -$0.12 EPS on $1.09 Billion in revenues, while First Call estimates were…
Despite US Air Carriers Issues, Boeing Guidance Mostly Strong (BA)
Boeing Co. (NYSE: BA) posted a 38% profit gain of $1.2 billion on a 4% revenue gain to $16 Billion in Q1-2008, and its numbers come to $1.62 EPS. First Call had estimates of…
Top 10 Pre-Market Analyst Calls (BVF, CERN, GIGM, IRBT, MHS, MDP, SII, STLD, STI, TRI)
These are not all of the analyst calls, but these are ten of the calls affecting shares this Wednesday morning: Biovail (NYSE: BVF) cut to Sector Perform at CIBC. Cerner (NASDAQ: CERN) raised to…
Sony (SNE) Can’t Get PS3 Right (AAPL)(MSFT)
Sony (SNE) has once again delayed the launch of its virtual PS3 application. It allows owners of the video console to play games together over broadband, chat, download games and the such. Microsoft’s Xbox…
FDA, Short On Funds Can’t Look For Deadly Drugs
The FDA says it needs $70 million to inspect all of the foreign facilities it needs to so it can screen for dangerous drugs or drug components. The amount does not seem like much,…
No Turnaround At Ford (F)
The Wall Street Journal thinks that things are getting better at Ford (F) and that management efforts can now be called a "turnaround". The paper points to improving earnings and cars which get better…
As Food Prices Become The World’s Greatest Economic Problem, There Is No Solution
The food crisis got worse yesterday just as it seems to get worse as each week passes. CostCo (COST) is having to limit fulfilling huge orders for items like flour. According to Reuters "with…
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…
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…