Asia Markets 1/31/2008 (SNE)(TM)(LFC)(PTR)
Markets in Asia were mixed at 3.10 AM New York time. The Nikkei was up 1.9% to 23.329. Sony (SNE) was up 3.6% to 5,220. Toyota (TM) was up 5.4% to 5,820. The Hang…
All Work
Douglas A. McIntyre
Eli Lilly (LLY): The Drug Companies Never Learn
At least once a year, and probably more often, a big drug company makes a settlement or faces suits over not disclosing the bad effects of one or more of its products. Lilly’s anti-psychotic…
Starbucks (SBUX) Will Have To Close A Lot More Than 100 Stores
No one on Wall St. liked the Starbucks (SBUX) quarterly results and the shares moved down after they were announced. They still sit close to a 52-week low. The company reported revenues of $2.8…
Sony Earnings: Playstation Resurrection
For years the Playstation franchise carried Sony’s (SNE) earnings. The PS2 was one of the great selling consumer electronics products of all time. Sony stumbled with the launch of the PS3. Microsoft’s (MSFT) Xbox…
S&P Sees CDO And Subprime Losses As High As $265 Billion
Losses from securities linked to subprime mortgages may exceed $265 billion as regional U.S. banks, credit unions and overseas financial institutions write down the value of their holdings, according to Standard & Poor’s writes…
Amazon (AMZN): Nothing Will Satisfy A Bear Market
Wall St. has gone through the looking glass into Wonderland with Alice. The world is upside down now. Awful results at firms like E*Trade (ETFC) and Countrywide (CFC) can make shares rally. Outstanding results…
MBIA (MBI) Takes A Torpedo In The Boiler Room
Wall St. thought things would be bad when MBIA (MBI) reported earnings, but they were worse. The largest bond insurer posted a loss of $2.3 billion, or $18.61 a share, compared with profit of…
Media Digest 1/31/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Amazon’s (AMZN) financial results show that its profit margins were squeezed in the last quarter. Reuters writes that Starbucks (SBUX) will close 100 stores and say 2008 could bring a recession.…
Can Google Break The Internet Earnings Drop? (GOOG, YHOO, AMZN, EBAY)
After the close of trading on Thursday, the beloved Google (NASDAQ: GOOG) will report earnings for Q4-2007. This is the last of the internet giants to report earnings. Interestingly enough, all of other pure-play…
Intuitive Surgical Braces For Earnings (ISRG)
Intuitive Surgical Inc. (NASDAQ: ISRG) is set to report earnings after the close on Thursday. Shares closed at $235.00 Wednesday, down from a 52-week high of $359.59 and down from a December 31 close…
Accuray, Neither Recession Proof Nor Credit Proof (ARAY)
Accuray Inc. (NASDAQ: ARAY) is being punished in after-hours trading. The company posted earnings at $0.04 EPS on revenues of $52 million. The problem is that First Call was at $0.09 EPS on $58.2…
Starbucks Earnings, Ammo For Bulls & Bears Alike (SBUX)
Starbucks (NASDAQ: SBUX) is seeing shares trade slightly lower in after-hours trading after earnings. The coffee inflating retailer posted earnings of $0.28 EPS on revenues of $2.8 Billion, yet First Call estimates were $0.27…
52-Week Low Club (AMLN, CYMI, NTCH, KEYN, MMA, NATI, STE, WTW)
There was a much larger list of companies which hit 52-week lows, but these were some of the larger percentage changes that we looked at: Amylin Pharmaceuticals Inc. (AMLN) closed at $29.34 versus a…
Amazon.com Delivers, But Valuations Catching Up (AMZN)
Amazon.com (NASDAQ: AMZN) posted earnings with net income at $0.48 EPS on net sales of $5.67 Billion. First Call had estimates pegged at $0.48 EPS and $5.37 billion in revenues. Interestingly enough, Amazon noted…
SCO’s Last Annual Report Ever? (SCOX, SCOXQ)
SCO Group, Inc. (Pink Sheet-SCOXQ), formerly "SCOX," has filed its annual report. After you have seen the history of this company through the years, it is almost impossible not to wonder if this is…
FOMC 50/50 Delivery
The FOMC made its rate cut today and delivered on 0.50% on both the FED FUNDS and on the discount rate, so now Fed Funds will be targeted at 3.00%. Wall Street economists had…
Starbucks Plan Acceptance Likely Outweighs Its Earnings (SBUX)
Starbucks Corp. (NASDAQ: SBUX) is set to report earnings today after the close of trading. First Call has estimates pegged at $0.27 EPS and $2.77 billion in revenues. Next quarter’s estimates are $0.22 EPS…
VMWare (VMW) Could Fall 50% Further
VWWare (VMW) lost about a third of its value on a disappointing quarterly report. The stock is now down to $56, near a 52-week low and off a period high of better than $125.…
Can Amazon.com Live Up To Growth Targets? (AMZN)
Amazon.com (NASDAQ: AMZN) is set to report earnings after the close today. First Call has estimates pegged at $0.48 EPS and $5.37 billion in revenues. Next quarter’s estimates are $0.35 EPS and $3.92 billion…
SPAC IPO Filing: Open Acquisition Corp. (OXE, VGR)
Open Acquisition Corp. is a SPAC, a special purpose acquisition company, that has filed to come public via an IPO. With $125 million proceeds targeted at $10.00 per unit, each unit will consist of…