Dell’s (DELL) slightly frightening forecast about more restructuring, acquisitions, and component costs probably hurt the company to the extent of a 14% price drop today. But, the shares are still at $24.24 against a…
There was an interesting event this week in New York City that was attended and covered by 24/7 Wall St., and that was the 3rd annual VALUE INVESTING CONGRESS. Fund managers, investment advisors, and…
Looking around the wreckage of some of the big cap companies it is not hard to find a few CEOs who probably need to go back to business school. Wall St. would like to…
Itron Inc. (NASDAQ:ITRI) is being defended by Lazard Capital Markets after the stock’s recent weakness. Analyst Sanjay Shrestha at Lazard is reiterating/maintaining his BUY Rating on Itron with a $115 price target. Shrestha notes,…
GHL Acquisition Corp., a ‘special purpose acquisition company’ or "SPAC" (or blank check company) has filed to come public. This SPAC is actually a larger filing than many, with the initial amount indicated as…
Bear Stearns has a research note out calling for an imminent decision on the regulatory approval decision regarding the merger between Sirius Satellite Radio (NASDAQ:SIRI) and XM Satellite Radio (NASDAQ:XMSR). This does not say…
Never throw out a CEO when he is in the middle of a solid turnaround. Motorola’s (MOT) CEO, Ed Zander is out. The new CEO, Greg Brown, was COO, and there is not reason…
These are not teh only impact analyst calls today impacting stocks, but these are the key calls that 24/7 Wall St. is focusing on. This isn’t exactly 10 if you look at the bullet…
Shares of Motorola Inc. (NYSE:MOT) are surging pre-market after CNBC’s David Faber broke some news that is just trickling out across the web. Embattled and disliked CEO Ed Zander is out effective January 1,…
Dell’s (DELL) earnings seemed OK. Revenue was up 9% to $15.6 billion. EPS rose 26% to $0.34. With a restructuring charge backed out, that was what Wall St. expected. US sales were weak, but…
Markets in Europe are modestly higher at 6.20 AM New York time. The FTSE is up .7% to 6,391. Barclays (BCS) is up 2.6% to 554. Man Group is up 4.4% to 564.5. Northern…
The Wall Street Journal is reporting what everyone already assumed. Google (GOOG) will announce that it will bid for wireless spectrum in the upcoming FCC auction in January. The financial paper writes that Google…
Ah, China. A place where your best friend can compete with you on a day’s notice. Especially if you are not a card carrying member of the communist party. Goldman Sachs (GS) is about…
The federal government and several large mortgage lenders have a plan to freeze loan rates for certain subprime borrowers. The Wall Street Journal writes that ‘The Bush administration and major financial institutions are close…
According to Reuters, Fed chief Bernanke said the resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy. Reuters writes that Dell’s (DELL) profit rose but if offered a…
Asia markets were mixed. The Nikkei was up 1.1% to 15,681. NTT (NTT) rose 2.6% to 505000. Yahoo Japan fell 2.7% to 53300. The Hang Seng moved up .6% to 28,644. China Unicom (CHU)…
Abbot Labs (ABT) is trying to get into the stent business. The market has been dominated by Boston Scientific (BSX) and Johnson & Johnson (JNJ). Stents are small mess implants which are designed to…
Verizon Wireless, a joint venture between Verizon (VZ) and Vodafone (VOD), announced that it would use so called Long Term Evolution for its 4G networks. The move is a huge blow to Qualcomm (QCOM)…
Cato Corp (CTR) Drop in Q3 numbers and poor guidance for Q4. Falls to $14.45 from 52-week high of $25.66. Mens Wearhouse (MW) Emperor has no cloths. Bad earnings. Drops to $33.62 from 52-week…
Word from The Wall Street Journal is that the former Chairman of Sprint (S) would like to come back to the company as CEO. Tim Donahue, who had been CEO of NexTel before it…