Rick’s… Now a $100+ Million Empire (RICK)
It isn’t every day that stock analysts and reporters get to cover a publicly traded topless bar chain. But all issues aside and assuming today’s rally holds this stock will start showing up on…
All Work
Douglas A. McIntyre
Selected Stocks Under $10: Level 3 (LVLT)
Level 3 (LVLT) has fallen almost 35% in the last month. Recent earnings numbers hurt the stock. For the last quarter consolidated revenue was $1.061 billion compared to consolidated revenue of $875 milion for…
Will IAC/Interactive Earnings Get Its Stock Back On Track? (IACI)
IAC/Interactive (NASDAQ:IACI) reported earnings that the wires are looking at as lower, although the actual numbers were above what Wall Street was looking for on the earnings front. The company posted $1.515 Billion in…
Failed Cancer Drug Trial Drives GPC Biotech (GPCB) Down 62%
Shares of GPC Biotech (GPCB) are off 62% before the open. GPCB announced that the Phase 3 SPARC trial evaluating satraplatin for the treatment of hormone-refractory prostate cancer did not meet its primary efficacy…
Pre-Market Analyst Calls (October 31, 2007)
AKAM cut to Hold at Deutsche Bank.BEC cut to Sector Perform at RBC.BMS cut to Hold at Deutsche bank.CF cut to Neutral at B of A.EL cut to SELL at UBS.ENR raised to Peer…
WellCare Class Action Suits & More State Actions Leading Company To The Grave (WCG)
WellCare Health Plans (NYSE:WCG) is falling under class action pressure and more investigations. Unfortunately the company has yet to admit to or to convince Wall Street that it has a full grasp of the…
Affiliated Computer Services: Another Private Equity Deal Bites The Dust (ACS)
Private equity firm Cerberus has terminated its acquisition offer to acquire Affiliated Computer Services Inc. (NYSE:ACS). This was a $6.2 Billion deal that valued Affiliated at $62 per share. Cerberus did not blame the…
The World Wakes Up To $100 Oil
No one wants to talk about $100 oil when oil is at $70 or $80 a barrel. Most experts want to say it is too high on speculation and will be back at $60…
Europe Markets 10/31/2007
Markets in Europe were narrowly mixed at 6.20 AM New York time. The FTSE was down a fraction to 6,658. BHP Billiton (BHP) was down 1.4% to 1792. Vodafone (VOD) was down .2% to…
Verizon And Sprint: Cat Fight Over Google (GOOG) Phone?
Verizon Wireless, a JV between Verizon (VZ) and Vodafone (VOD) appears to be vying with Sprint (S) over rights to distribute new handsets loaded with the Google (GOOG) mobile OS and goodies like the…
Alcatel-Lucent (ALU) Fires Everyone
Alcatel-Lucent (ALU), which may go down in the annuls of business as one of the most poorly conceived mergers in modern business history, announced another large quarterly loss and said it would fire another…
Media Digest 10/31/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, a number of experts do not believe that a rate cut by the Fed will help the falling housing market. Reuters writes that Alcatel-Lucent (ALU) will cut another 4,000 jobs. Reuters…
Asia Markets 10/31/2007
Markets in Asia were mixed. The Nikkei rose .5% to 16,738. Hitachi (HIT) was up 3.4% to 781. Honda (HMC) was up 3.4% to 4200. NEC (NIPNY) was up 2.4% to 570. The Hang…
Verizon (VZ) May Team With Google (GOOG) For G-Phone
Business makes strange bedfellows. Verizon Wireless, a JV between Verizon (VZ) and Vodafone (VOD), is in discussions with Google (GOOG) about distributing phones with the Google handset operating system. According to The Wall Street…
Merrill Lynch (MER) May Face Class Action Suit Over Loss
Merrill Lynch (MER) may be facing a class action suit over the losses it reported in the last quarter. According to Reuters "the lawsuit, which the lawyers said was filed in U.S. District Court…
Holiday PC Sales Seen As Brisk (HPQ)(DELL)(AAPL)
According to data from big computer seller Ingram Micro and research firm Endpoint Technologies Associates, PC sales look very strong going into the holidays with particular strength outside the US. Reuters writes that "sales…
Dell (DELL) Share Up After Hours On Restatement
Dell (DELL) finally filed its past financial statements including past due periodic reports with the U.S. Securities and Exchange Commission. Those reports contain restated financial information for Fiscal 2003, 2004, 2005 and 2006 (including…
The 52-Week Low Club
Wellcare Health Plans (WCG) Regulators keep asking for more info and class action suits are beginning. Shares fall to $21.41 from 52-week high of $128.42. Qwest Communications (Q) Big telecom company turns in ugly…
Sanmina-SCI (SANM): A Quiet Company Announces Quiet Results
Sanmina-SCI (SANM) announced that for the fiscal fourth quarter ended September 29, 2007, the company had revenue of $2.5 billion, compared to $2.7 billion in the fourth quarter ended September 30, 2006. Revenue for…
Websense (WBSN) Falters
Websense (WBSN) released earnings with revenue in the third quarter was $50.4 million, an increase of 10 percent from the third quarter of 2006. Net income calculated using generally accepted accounting principles (GAAP) was…