Something Is Still Wrong At CNET (CNET)
CNET (CNET) announced earnings yesterday. The stock got a little bounce after hours. But, a look at the numbers shows that the company is still in trouble. That may be why it only trades…
All Work
Douglas A. McIntyre
Ford (F) Runs Out Of Time
It is Ford’s (F) turn to talk with the UAW. Negotiations with the other two US car companies are over. But, Ford in negotiating from a position of hunger. Its sales have been down…
Merrill (MER) Goes To Wachovia (WB) About Merger
The New York Times reports that Stan O’Neal, the CEO of Merrill Lynch (MER) approached Wachovia (WB) about a potential merger of the firms. The board of Merrill was upset because it was not…
Europe Markets 10/26/2007
Markets in Europe are mixed at 6.20 AM New York time. The FTSE is up .2% to 6,587. BP (BP) is up 1.1% to 619.5. BT (BT) is up 2.5% to 328.5. Vodafone (VOD)…
Charter Communications (CHTR) Moves Toward Chapter 11
Comcast (CMCSA) gave bad news yesterday. It earnings were poor and the growth of its digital cable and VoIP customers were more modest than expected. Comcast is the largest cable company in the US,…
Vonage (VG) Is Toast
When word came though that Vonage (VG) had settled its patent suit with Verizon (VZ), the VoIP company’s shares moved up 70% to over $2. The small company has settled another action with Sprint…
Most Unusual Analyst Defense of WellCare (WCG)
Late on Thursday, Goldman Sachs has removed WellCare Health Plans (NYSE:WCG) from its Americas Sell List. While this sounds like an upgrade, it is merely a sensible research call. The upgrade from a Sell…
BEA System’s Arrogance Will Cost it
The board at BEA Systems (BEAS) is sitting on a $17 offer from Oracle (ORCL). BEAS has not traded above $17 in over four years and was sitting at about $14 before the Oracle…
Google’s (GOOG) Baidu (BIDU) Problem
Baidu (BIDU) had a good quarter. A very good one. Revenue rose 108% to $66 million. Net income was up 114% to $24 million. That seems small by Google’s standards. But, Baidu said that…
Microsoft’s (MSFT) Overnight Success
Microsoft’s (MSFT) earnings took Wall St. by surprise. It was a big enough jolt to take the shares to a level they have not seen since 2001, well above $35. The move after hours…
Media Digest 10/26/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Microsoft’s (MSFT) strong quarter and forecast sent shares up over 10%. Reuters writes that Oracle (ORCL) has turned down BEA Systems’ (BEAS) proposal that the company be sold at a price…
Asia Markets 10/26/2007
Markets in Asia rose The Nikkei moved up 1.3% to 16,506. Hitachi (HIT) rose 3% to 744. NTT (NTT) rose 1.4% to 520000. Sony (SNE) rose 8.8% to 5560. The Hang Seng rose rose…
Will ExxonMobil Miss Estimates? (XOM, VLO, SLB, TSO)
ExxonMobil (NYSE:XOM) is set to report its third quarter earnings next week pre-market on November 1, 2007. What is curious to 24/7 Wall St. is whether or not the biggest integrated oil play will…
Cramer’s Crazy People Stock For A Crazy Market (PSYS)
On tonight’s MAD MONEY on CNBC, Jim Cramer said that his crazy people stock for a crazy market is Psychiatric Solutions, Inc. (NASDAQ:PSYS). He doesn’t like that Medicare and Medicaid is more than 25%…
Baidu.com’s Guidance Mystifies Recent Gains (BIDU)
Baidu.com (NASDAQ:BIDU) is not following Microsoft or Google shares up in the post-earnings cycle. Its $24.2 million in net income translated to $0.70 EPS and its Revenues came in at $66.3 million. Estimates were…
Rambus Legal Chief Quits… Better or Worse? (RMBS)
Rambus Inc. (NASDAQ:RMBS) announced after the close that its senior legal advisor John Danforth who had been Senior Legal Advisor since July 2006, and prior to that had been its first general counsel. He…
Microsoft Surging On Earnings (MSFT)
Microsoft (NASDAQ:MSFT) has posted earnings of $0.45 EPS on $13.76 Billion in revenues. First Call had estimates at $0.39 EPS on $12.57 Billion in revenues. The company offered guidance of $0.44 to $0.46 EPS…
Vonage (VG) Settles With Verizon (VZ)
It looked like patent suits from the nation’s largest phone companies were going to put VoIP pioneer Vonage (VG) out of buiness. But, it settled its differences with Verizon (VZ) after the close. Vonage…
The 52-Week Low Club
Radian Group (RDN) Mortgage insurance comanies being beaten to death. Drops to $9.72 from 52-week high of $67.35. MGIC Investment (MTG) Mortgage insurance company has big loss, cuts dividend. Falls to $16.28 from 52-week…
Baidu.com Braced For Earnings (BIDU)
Tonight we’ll get to see if Baidu.com (NASDAQ:BIDU) was all hype or if it can live up to its hopes. It has a hundreds of millions of persons opportunity. But it also has a…