Asia Markets 10/25/2007 Shanghai Down Almost 5%
Markets in Asia were mixed The Nikkiw fell .5% to 16,285. Canon (CAJ) fell 2.6% to 5580. Sony (SNE) fell 1.4% to 5110. Toyota (TM) fell 1.5% to 5950. Yahoo Japan fell 9% to…
All Work
Douglas A. McIntyre
Merrill Lynch (MER) And Citigroup (C): Where Were The Boards?
Back in the day when Merrill Lynch (MER) was minting money and the stock was at $98, it had made a run from $35 in early 2003. That was just this last January. CEO…
Cramer Organic & Naturals Trend Stock (HAIN, UNFI, WFMI)
On tonight’s MAD MONEY, Jim Cramer wanted to discuss a stock in a great trend from microtrends. The vegan children and organic going mainstream is a huge and growing market and he likes Hain…
The 52-Week Low Club: Merrill Lynch (MER)
AMBAC (ABK) Bond insurance company in a bad periiod for bonds.Earnings move to a loss. Drops to $49.05 from 52-week high of $96.01. Merrill Lynch (MER) Pitiful earnings. Drops to $61.40 from 52-week high…
Bank Of America (BAC) Trashes Its Investment Bank: Heads Roll
According to The Wall Street Journal, Bank of America (BAC) will "pink slip" large numbers of people at its investment banking group. Gene Taylor, president of corporate and investment banking unit and a 38-veteran…
Align Technology Crooked Teeth (ALGN)
Align Technology Inc. (NASDAQ:ALGN) is getting crushed in after-hours trading. The company posted earnings and announced it was losing a key officer. Total revenues for the third quarter were $71.5 million, a year-over-year increase…
Heelys Still Warning & New Lows (HLYS)
Heelys, Inc. (NASDAQ:HLYS) is being punished, again, in after-hours trading because of an earnings warning. The Company currently expects net sales for the third quarter to be approximately $49 million compared to its previous…
Palm Becomes A Smaller Stock (PALM)
Palm Inc. (NASDAQ:PALM) announced that its recapitalization plan with the private-equity firm Elevation Partners has closed. Elevation invested $325 million in Palm, and the company will utilize these proceeds along with existing cash and…
Microsoft (MSFT) Gets Facebook Deal, Pushes Out Google
According to The Wall Street Journal, Microsoft (MSFT) agreed to invest $240 million for a minority stake in Facebook Inc. that values the social-networking site at $15 billion. As part of the deal, the…
Symantec (SYMC) Hammered On Poor Numbers
Symantec (SYMC) was forecast to post a fiscal second-quarter earnings of 26 cents a share on revenue of $1.39 billion The firm reported the results of its second quarter of fiscal year 2008, ended…
A Modest Quarter For Amgen (AMGN)
Wall St. expected Amgen (AMGN) to report a 1% decline in earnings to $1.03 a share on a 1% decline in revenue to $3.56 billion for the third quarter, according to analysts polled by…
VMware Chugs Past Estimates, But No Guidance (VMW)
VMware Inc. (NYSE:VMW) posted earnings of $0.23 non-GAAP and $0.18 EPS GAAP on revenues of $358 million. First Call on last look was showing $0.17 EPS non-GAAP on $332.5 Million revenues, but the highest…
Akamai (AKAM) Report Beats Estimates (Update)
Akamai (AKAM) was forecast to post earnings of 33 cents a share on $161 million in revenue for the third quarter Revenue for the third quarter 2007 was $161.2 million, a six percent increase…
WellCare Shares Punished For FBI Raid (WCG)
Shares of WellCare Health Plans, Inc. (NYSE:WCG) were trading down over an FBI raid at the company’s Tampa, Florida headquarters. Unfortunately there aren’t any details as to what it was about. Obviously it’s not…
Put A Facebook On Your BlackBerry (RIMM, GOOG, MSFT)
Research In Motion (NASDAQ:RIMM) has launched Facebook® for BlackBerry® Smartphones. This announcement came out of CTIA Wireless IT and Entertainment 2007. This will allow BlackBerry software applications that enable fast, streamlined and optimized mobile…
Level 3 Troubles Continue (LVLT)
A weak tech market being led by communications and communications infrastructure isn’t helping a situation already gone bad, but Level 3 Communications (NASDAQ:LVLT) has gone from bad to worse after a dismal 24% drop…
Earnings May Help Tribune (TRB) LBO
The Tribune Company (TRB) reported earnings, and anyone who thought they would bolster the case for Sam Zell taking the company private might have had a positive surprise. Net income attributable to common shareholders…
Corning Breaks From Reality Versus Expectations (GLW)
Corning Inc. (NYSE:GLW) is feeling the wrath of a sloppy earnings report today. The earnings report for the quarter was fin as it posted $0.38 EPS on a 9.5% revenue gain to $1.55 Billion…
Electronics for Imaging (EFII) Shares Down Over 20%
Digital printing operation Electronics for Imaging (EFII) posted third-quarter results below analysts’ expectations on lower margins at its inkjet business. For the quarter ended September 30, 2007, the EFII reported revenues of $158.3 million,…
Anadigic (ANAD) Down Over 20%
Anadigic (ANAD) reported a third-quarter profit that missed its own forecast, hurt by manufacturing inefficiencies from the rapid build up of production capacity, according to Reuters. The shares are off over 20% to $15.20.…