A day after taking down its earnings forecasts for Citigroup (C), JP Morgan (JPM), and Wachovia (WB), Oppenheimer has cut its first quarter numbers on Merrill Lynch (MER) and UBS (UBS). According to Reuters,…
Markets in Europe were higher at 7 AM New York time. The FTSE was trading up 1.1% to 5,725. Barclays (BCS) was up 3.2% to 459. HBOs was up 4.6% to 566.5. The DAXX…
AMD (AMD) has been bragging that it will introduce a new high-end chip for desk-top computers. It will make PCs run faster, especially for hungry video and gaming applications. The chip, Phenom, is about…
Yesterday’s news that Motorola (MOT) was breaking the business into two pieces sent the stock exactly nowhere. It has occurred to Wall St. that the company’s large handset division may be worth very little.…
Oracle’s (ORCL) earnings were excellent by any measure except, perhaps, the perverse yard-stick of Wall St. Revenue rose 21% and profits were up 30% To say in another way, margins improved sharply, one of…
Unlike theology and philosophy, there are no great truths in business, only petit verities. One of these is that breaking contracts to keep from losing money is OK. The banks which were to fund…
Short interest for number of tech stocks listed on Nasdaq rose on March 14 compared to figures from February . Shares short in Microsoft (MSFT) spiked up 7.4 million to 123.1 million. Short interest…
According to Reuters, Oppenheimer cut is earnings forecasts for Merrill Lynch (MER) and UBS (UBS) a day after cutting Citigroup (C) and Bank of America (BAC). Reuters reports that the Meriwether hedge fund is…
Markets in Asia were mixed but Shanghai fell sharply. The Nikkei fell .8% to 12,604. Honda (HMC) fell 2.5% to 2985. NTT (NTT) fell 2.5% to 433000. The Hang Seng was flat at 22,620.…
Google’s (NASDAQ: GOOG) number of "paid clicks", a key measurement of the company’s success, had very modest growth in February. Investors have been concerned about the data since it showed weakness in January. February…
Larry Ellison & Co., a.k.a. Oracle Corp. (NASDAQ: ORCL), is seeing shares hit rather hard in after-hours trading. Shares closed down 0.6% at $20.94, which was above that 200-day moving average we had cited.…
Quest Diagnostics Inc. (NYSE: DGX). Cost pressure strains on the health care sector hurting this stock. New low of $43.65 compared to a 52-week high of $58.63. Consolidated Edison Inc. (NYSE: ED). Poor reaction…
The hopes in 2007 were that the upgrade cycle in PC’s was going to last in 2008 and into 2009 and beyond. After all, only a fraction of PC’s in the U.S. and around…
Biotechs always have some news movers regardless of which direction the markets are headed. Here are some of the top movers in biotech today, although we would note that many of the largest market…
As Micron Technology Inc. (NYSE: MU) has briefly breached its 52-week low again today, this company needs some serious pressure put on it. The DRAM giant briefly saw its share price hit $5.43 today,…
Jabil Circuit Inc. (NYSE: JBL) is one of the big losers today as sharesa are down and out due to missed earnings and forecasts. This is a new 52-week low. The electonic manufacturing services…
After today’s close we’ll get to see earnings out of Oracle Corp. (NASDAQ: ORCL). The estimates for the enterprise software company from First Call are $0.30 EPS on $5.42 billion in revenues. Next quarter…
Motorola (NYSE: MOT) announced this morning that it would break itself into two companies. By sometime next year the handset division will be pulled away from the mobility and enterprise divisions. The stock is…
There is no way to accurately put a value on blogs and blogging companies. All are privately-held and, as is true with many content businesses, the value of the company is based on what…
As we have been expecting, Covad Communications Group Inc., (AMEX:DVW) announced that it has obtained all of the required regulatory approvals for it to be acquired by an affiliate of private equity firm Platinum…