Costco (COST) Wins
Costco (COST) turned in the kind of numbers that are not supposed to get posted in a retailing recession. Net sales for the 16-week fourth quarter ended September 2, 2007, increased 3%, to $20.09…
All Work
Douglas A. McIntyre
VMware’s Magic Is Becoming Wizardry (VMW, EMC)
VMware Inc. (NYSE:VMW) shares managed to cross the century mark of $100.00 on Tuesday. This has been an unbelievable stock with a premium IPO pricing at $29.00 (under our projected IPO price target) and…
Media Digest 10/10/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, economists cut forecasts for US growth for the third month in a row. Reuters writes that IBM (IBM) and Second Life will work on ways to eventually let people use the…
Asia Markets 10/10/2007
Markets in Asia were mostly higher. The Nikkei rose .1% to 17,178. Hitachi (HIT) rose 1.6% to 776. Mitsubishi Motors rose 3.7% to 197. Toyota (TM) fell 1.3% to 6670. The Hang Seng rose…
Costco Earnings Could Set The Retail Tone This Quarter (COST)
Costco Wholesale Corp. (NASDAQ:COST) reports earnings Wednesday Pre-Market with First Call looking for $0.83 EPS on $20.7 Billion revenues. We already saw the net sales estimated one-month ago at $20.06 Billion, so with weak…
Silicon Alley Insider Begins To Join The World Of PaidContent.org And GigaOm
There are a very few websites that technology and media executives turn to for information. They are probably the same ones that Web 2.0 institutional investors and the M&A types track. Ditto all the…
Life Gets Harder At Newspaper Companies (JRC)(MNI)
Sisyphus kept moving that rock up the hill and it kept coming back at him. Newspaper executives must feel that way. John Morton, a long-time analyst of the industry made the point in the…
Do Chrysler Lay-Offs Spread To Ford (F)
Newly private Chrysler believes that talks with the UAW may note yield enough savings to get the car company back on the right financial footing. So, the company is looking hard at lay-offs among…
Starbucks (SBUX) China Toy Cup Recall
As if a falling share price and shrinking same store sales growth were not enough, Starbucks (SBUX) is recalling 250,000 children’s cups. The coffee retailer said if a cup is dropped, the colorful face…
Google (GOOG) Takes On MySpace
Recent research picked up by TechCrunch shows that Google (GOOG) social network Orkut now has about 25% of the audience of News Corp’s (NWS) MySpace. In the fast-growing Asia region, the sites are neck-and-neck.…
Altria: The Hidden SABMiller & Molson Coors Winner (MO, TAP, BUD)
If you follow beverage stocks or follow alcohol and beer stocks very much, you certainly saw the huge gains today seen in Canadian ADR’s of Molson Coors (NYSE:TAP). Shares rose some 10% on four-times…
The 52-Week Low Club
TOUSA (TOA) Home builder hire Lazard to review capital structure. Down to $1.32 from 52-weej high of $11.37. Edge Petroleum (EPEX) Updates guidance. Off to $8.93 from 52-week high of $20.26. Childrens Place Retail…
Sept. 18 FOMC Minutes… Showing More Fed Easing Bias?
Minutes of the Federal Open Market Committee from the September 18, 2007 meeting that were released October 9, 2007…. We glanced over the notes and here are some quick standout comments: Unanimous on decision…
ALCOA Leading Off Earnings Season (AA)
It is hard to get too excited about metals and aluminum companies when technology and IT stocks are putting in new high after new high. Regardless, ALCOA (NYSE:AA) is set to lead off the…
China Stocks Lead The Market Higher, Again (LDK)(STV)(RCH)(YTEC)
Why should today be different from any other. Stocks of companies based in China dominate the list of price gainers. China Digital TV (STV) Up 30% to $55.31, a 52-week high. NYSE listed. China…
Thomson-Reuters: $500 Million Savings = 3000 Fired
From Silicon Alley Insider The EU wants to take a closer look at the Thomson-Reuters (RTRSY) merger (surprise, surprise). The commission now expects to deliver its ruling on Feb 25th. The companies, of course,…
Qwest Kicks Up the Bandwidth (Q)
Qwest Communications International Inc. (NYSE: Q) has announced it will offer wholesale customers Dedicated Internet Access over Ethernet with speeds from 2 Gigabits per second (Gbps) up to 10 Gbps within key U.S. metropolitan…
LDK Solar (LDK) Says Everything Is Fine
After being beaten half to death by a piece in Barron’s and watching it stock move down by over 25% yesterday, LDK Solar (LDK) says that no one should worry. It’s OK. According to…
Children’s Place Must Be Spanking The Kids (PLCE)
The Children’s Place Retail Stores, Inc. (NASDAQ:PLCE) just can’t seem to get it right. The company posted a 4% September sales gain to $217.8 million, but its same store sales came in at -3%…
Wal-Mart (WMT) To Sell Broadband Service
Wal-Mart (WMT) is teaming up with Hughes Communications (HUGH) to sell satellite-based broadband, according to a report in BusinessWeek. While DSL and cable have much larger customer bases, the entry of Wal-Mart into the…