Galleon Group, which 24/7 Wall St. pointed out bought shares in AMD (AMD), may already regret that move. Bloomberg writes "Advanced Micro Devices Inc., the world’s second-largest maker of computer processors, is late delivering…
Local.com Corp. (NASDAQ:LOCM) is seeing shares surge in pre-market trading activity. 24/7 Wall St. just noted the chances in this week’s "10 Stocks Under $10" newsletter that the company was likely to turn on…
Garmin Ltd. (NASDAQ:GRMN) is trading up in pre-market trading today. The GPS consumer device maker has announced that it has entered into a confidential global settlement of all of its intellectual property litigation with…
It appears that a number of enterprise users of Microsoft (MSFT) Windows may complete skip Vista and wait for the next OS release in two years. InfoWorld writes "with Microsoft planning to release the…
These aren’t all of the impact analyst calls, but these are the key calls that 24/7 Wall St. is focusing on: Amgen (AMGN) raised to overweight at Lehman. Encore Energy (ENP) started as Overweight…
Kraft (KFT) will merger its Post cereals division into Ralcorp (RAH). The transaction is tax-efficient and worth approximately $2.6 billion to Kraft and its shareholders. For purposes of comparison, to have achieved an equivalent…
Galleon Group, a $7 billion fund based in Midtown, has recently purchased "several million shares" of AMD, according to The New York Post. The fund will obviously try to get something out of the…
It would be nice to think that John Thain, wonder boy from Goldman Sachs (GS) and NYSE (NYX) can do a lot over the next couple of months to "fix" Merrill Lynch (MER). But,…
Markets in Europe were lower at 6.15 AM New York time. The FTSE was off .9% to 6,374. BP (BP) was down 1.1% to 693. BHP Billiton (BHP) was off 1.1% to 1600. Nothern…
According to MarketWatch Standard & Poor’s lowered the credit rating on Bear Stearns (BSC) to A from A+, and said the outlook is negative. "The rating action follows Bear Stearns’ announcement that it would…
According to Reuters, IBM (IBM) is "staking out a major new source of business helping clients like banks or retailers manage data centers on a par with Internet players such as Google or Microsoft."…
The management and board of BEA Systems (BEAS) are boobs of the first order. Oracle (ORCL) offered $17 a share for the company when it was trading below $14. The BEAS shares had not…
For those who missed Econ 101 in college, most of the reading and lectures were about supply and demand. Prices go up when demand out-paces supply. The theory still works. But, the ministers of…
Shares in Starbucks (SBUX) have fallen from $40 last November to about $25 now. The great majority of the market believes that the coffee retailer cannot continue to show 6% or better same-store growth…
Industrial output in China rose 17.9%, continuing a pace which can almost certainly not be sustained. Production in the auto and telecom equipment sectors was especially strong. Retail sales also rose 18% in China,…
According to Reuters, Barclays (BCS) took a $2.7 billion write-down due to exposure to subprime markets. Reuters writes that IBM (IBM) will push into the business of running huge data centers for operations like…
Markets in Asia were lower. The Nikkei fell .7% to 15,396. Docomo (DCM) was up 2.3% to 175000. Softbank was down 2.8% to 2565. The Hang Seng was down 1.4% to 28,251. China Netcom…
Boeing (BA) missed it projections on the date of the first flight of its new 787 Dreamliner. The company blew hitting that milestone, by its own estimate, but six months. The plane is still…
All investors want to hear that the stocks they own are going to do well. Oracle (ORCL) sent a strong signal that Wall St. can count on big things. "Twenty percent? That’s for pikers.…
Shares of Sina Corp. (NASDAQ:SINA) posted EPS at $0.28 on net income of $17.2 million, and earnings before items were $0.32 EPS on a non-GAAP basis. Its revenues were $64.3 million. First Call had…