Sprint (S) To Slash
Sprint (S) is the latest company to say it will show a number of its employees the door. The firm’s business is not doing very well either. For the fourth quarter Sprint reported a…
All Work
Douglas A. McIntyre
Qantas Wants Money Back From Boeing (BA)
Late delivery of the Dreamliner is catching up with Boeing (BA). According to the FT "Qantas’s contractual arrangements with Boeing provided for the ability to claim damages in certain circumstances." Geoff Dixon, Qantas chief…
Goldman Sachs Lists Tech Picks & Pans (HPQ, IBM, STX, IM, EMC, AAPL, DELL, LXK, IVAC, MSFT)
Goldman Sachs has issued a broader snapshot of what to expect from Q4 earnings now that we have seen some of the companies report. This is also ahead of the earning deluge next week. …
Top 10 Pre-Market Analyst Calls (ABK, MBI, SCA, BBBY, BAM, DHT, GFIG, PHG, PCLN, RIMM, SPLS, WWY)
These are not the only analyst calls out there, but these are the top calls that 247WallSt.com is focusing on today: Ambac (ABK), M B I A Inc. (MBI), and Security Capital Assurance (SCA)…
Europe Markets 1/18/2008 (BHP)(SAP)(ALU)
Markets in Europe were up modestly at 7.10 AM. The FTSE rose 1.4% to 5,982. BT (BT) was up 2% to 280.75. BHP Billiton (BHP) rose 1.9% to 1375. The DAXX was up a…
Schlumberger Grows, But Maybe Not Enough To Please (SLB, OIH)
Schlumberger Ltd. (NYSE: SLB) has posted diluted earnings-per-share of $1.11 versus $1.09 in the previous quarter, and $0.92 in the fourth quarter of 2006. Revenues were $6.2477 Billion, up from $5.349 Billion in Q4…
Despite Current Market, No Real Slowdown Out Of General Electric (GE)
General Electric (NYSE: GE) has just posted earnings with EPS up 17% to $0.68, in-line with $0.68 First call estimates. Revenues were up 18% with organic revenue growth of 10% to $48.6 Billion, above…
GE’s (GE) 52-Week Low: The Global Economy In A Bottle
GE’s (GE) numbers were OK. There was no real difference between expectations and what really happened. GE hit a 52-week low yesterday, so the company’s world does not look so good to Wall St.…
AMD (AMD): A Sucker Born Every Minute
In any market, fools probably outnumber smart investor by a wide margin. Shareholders in dead pool tech firms like Sun (JAVA) and AMD (AMD) are not at the "high intelligence" end of the spectrum.…
Comcast (CMCSA): A CEO Who Can’t Be Fired
Chieftain Capital Management owns over 60 million Comcast (CMCSA) shares, which is 2% of share outstanding. The investing firms want CEO Brian Roberts to leave. The problem is that his father founded the company…
GM (GM): The Exhaustion Of Cutting
GM chief Rick Wagoner is prepared to work 24 hours a day to continue cutting costs in the US. Even if he has to take them to zero, he will get the firm’s North…
Bernanke’s Late Rescue
Ben Benanke joined a line of politicians from both sides of the aisle in suggesting massive infusions of capital and incentives to save the US economy. The total value of these is pegged as…
IBM: International Bragging Machines
There is a rule against taunting in football along with penalties. That has not moved to big business yet. International Business Machines Corp. told Wall Street to raise its 2008 according to the AP.…
Media Digest 1/18/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, IBM (IBM) issued a strong forecast for next year. Reuters writes that Bush and Congress are looking at a $150 billion package to improve the economy. Reuters reports that Washington Mutual…
Asia Markets 1/18/2008 (LFC)(CN)
Most markets in Asia rose modestly. Te Nikkei was up .6% to 13,861. KDDI was off 4.2% to 793000. Docomo (DCM) was off 2.6% to 173000. Softbank was up 3.4% to 2105. The Hang…
Cramer on Oversold & Value In Tech (WIND)
On tonight’s MAD MONEY on CNBC, Jim Cramer is sticking with picking technology stocks that are either oversold or are great value. His down and out tech stock is Wind River Systems (NASDAQ: WIND). …
Cramer Kicks The Casino Stocks (LVS, WYNN, MGM)
On tonight’s MAD MONEY on CNBC, Jim Cramer wanted go over a sell sector, the casinos. Cramer thinks that the casinos have to be sold. They have a property crisis and the earnings are…
NYSE Buys AMEX, Becomes ETF King (NYX)
The NYSE Euronext (NYSE: NYX) is finally acquiring the American Stock Exchange. NYSE is paying roughly $260 million entirely in NYSE stock to acquire its tiny rival exchange. Amex members (full seat owners) will…
No Major Restructuring Yet From AMD But Results Could Have Been Worse (AMD)
Advanced Micro Devices (NYSE: AMD) posted a huge loss at -$3.06 EPS after a $2.89 charge. AMD’s operating GAAP loss was $1.678 Billion, but the company said its non-GAAP loss was -$9 million. The…
Many Major Tech, Media, Telecom Hitting New 52-Week Lows
With about 20 minutes to go into the close and on one ugly day, we have the DJIA down nearly 300 points, the NASDAQ down almost 40 points, and even the S&P 500 down…