The 52-Week Low Club
Harte-Hanks Communications, (HHS) Direct marketing company. Internet is no friend. Falls to $19.11 from 52-week high of $28.78. Acxiom (ACXM) Private equity buyers walk out the door. Down to $14.75 from 52-week high of…
All Work
Douglas A. McIntyre
Palm Doesn’t Want To Be Slapped, Not Too Hard Anyway (PALM, RIMM, APPL)
Palm Inc. (NASDAQ:PALM) has fallen out of favor from many long-term investors, even if it has recovered off of lows. But after reviewing the numbers this is much better than it could been: Palm…
Bracing for Record DJIA Close (DIA, SPY, QQQQ, IWM)
Go back just one-month ago right after all the market malaise. It was a fairly small crowd that would expect the stock market to be back at record highs in only a four to…
Zecco Changes Gears
Zecco will move from 40 free trades a month to 10 free trades. Very few customers trade more than 10 times, according to the company’s management. Traders who go over 10 will be charged…
Citi’s News Actually Sector Relief (! or ?) (C, UBS, BAC, WB, WFC, FITB)
After seeing Citigroup’s (NYSE:C) news this morning and listening to snippets of the conference call, it seems that at 9:00 AM when shares were down 2% would have been a much easier direction to…
Acxiom’s Hopes Of Another Offer Seem Dim (ACXM)
It is of little surprise that shares of Acxiom Corp. (NASDAQ:ACXM) are hitting new 52-week lows today. That isn’t a first, but this after the fears have come true and the private equity acquisition…
Garmin Feeling Immediate Nokia-NAVTEQ Pressure (GRMN, NVT, NOK, TRMB)
We have already covered the Nokia (NYSE:NOK/ADR) buyout of NAVTEQ Corp. (NYSE:NVT). It is somewhat interesting that NAVTEQ would have allowed itself to be acquired in a no-premium buyout, even if shares are up…
First Solar Wins On Analyst Target Hike (FSLR)
Analyst coverage on First Solar Inc. (NASDAQ:FSLR) has been updated by Sanjay Shrestha, Managing Director, Senior Analyst, Alternative Energy & Industrials at Lazard Capital Markets: Today Lazard has maintained its Buy rating on First…
eBay Loses Skype CEO and Takes Charges (EBAY)
eBay Inc. (Nasdaq:EBAY) has announced this morning that Niklas Zennstrom has stepped down as CEO of Skype. Zennstrom, who co-founded Skype in 2003, will become non-executive chairman of the Skype Board of Directors. Michael…
China TechFaith Scores on CDMA Pact (CNTF, QCOM, BRCM, NOK)
China Techfaith Wireless Communication Technology Ltd. (NASDAQ:CNTF) is seeing shares up drastically in early pre-market trading. Qualcomm Inc. (Nasdaq: QCOM) has granted TechFaith Wireless Technology Group Limited, a British Virgin Islands corporation and wholly-owned…
Pre-Market Stock News (October 1, 2007)
(ACXM) Acxiom’s buyout is unwinding according to reports, although this was evident if you watched trading.(AMLN) Amylin Pharma announced FDA Approval for SYMLIN pen-injectors.(ANX) ADVENTRX Pharma said results from Phase IIb clinical trial of…
Qualcomm (QCOM) To Be Probed By EU
According to Bloomberg, Qualcomm "is being investigated by the European Union over allegations it overcharges Nokia Oyj, Ericsson AB and other handset manufacturers." One of the issues is whether the US company still has…
Nokia (NOK) Buys Navteq (NVT)
Nokia (NOK) has indeed bought Navteq (NVT) for $78 a share. If so, it is close to a "zero premium" deal. Douglas A. McIntyre
Pre-Market Analyst Calls (October 1, 2007)
AMR cut to Hold at Citigroup.ALVR raised to positive at Susquehanna.CHTR started as Overweight at JPMorgan.CME raised to Outperform at Wachovia.COMS cut to Neutral at UBS.COP cut to Sell at Deutsche Bank.CTXS cut to…
First UBS (UBS), Then Citi (C): Who Owns The Next Shoe?
UBS (UBS) and Citi (C) have both announced huge write-downs on their fixed income portfolios due to tight credit and deteriorating credit markets. Watch all of the big money center banks and investment banks…
Citigroup (C) Sees Large Q3 Earnings Fall
According to MarketWatch, Citigroup (C) expects to report that third-quarter earnings will drop about 60% from a year earlier due to "dislocations in the mortgage-backed-securities and credit markets, and deterioration in the consumer-credit environment."…
MarketWatch Launches Community Tools Package
Dow Jones (DJ) MarketWatch launched a new series of features that allows its readers to organize news and other features from the website and share them with others. MarketWatch Community provides a live view…
Private Equity Walks Out On Acxiom (ACXM): Class Action Lawyers March In?
The trail of broken shareholder hearts does not seem to be coming to an end. Data management company Acxiom (ACXM) is in talks with ValueAct Capital and Silver Lake about breaking off their plans…
GE (GE) Moves To Uncharted Waters Overseas
GE (GE) has been hoping that growth in the developing world would begin to offset slower sales in places like the US and Europe. It may be that they are finally getting their wish.…
Europe Markets 10/1/2007
Markets in Europe were narrowly mixed at 6.30 AM New York time. The FTSE rose .2% to 6,482. BT (BT) was up 311. Northern Rock fell 15.8% to 148.1. The DAXX rose .1% to…