Ford Sticks To Profit Forecast, Maybe
Alan Mulally of Ford (F) is sticking to his forecast that the company will be profitable in 2009. But, according to Reuters, he admits that the mortgage crisis and economic slowdown could hurt that.…
All Work
Douglas A. McIntyre
Harman Sets Up To Battle KKR
Harman International (HAR) released fiscal 2008 guidance this AM. It is no coincidence that the company issued them after Goldman Sachs (GS) and KKR walked on a deal to take the company private. That…
BHP Billiton’s Major Gold Expectations
BHP Billiton Ltd. (NYSE:BHP) is seeing shares up more than 5% in pre-market activity at $76.65 at what will be new 52-week highs for its ADR’s. The word is out that the world mining…
Pre-Market Stock News (September 24, 2007)
(ADTN) ADTRAN said seasonal uptick in business for its third quarter did not materialize; shares down over 4%. (ALOG) Analogic $0.60 EPS vs $0.52 est.(ALTH) Allos Therapeutics announced interim results of patient response data…
Pre-Market Analyst Calls (September 24, 2007)
ARBA raised to Outperform at Cowen & Co.BCS cut to Underperform at Bear Stearns.BEC cut to Peer Perform at Bear Stearns.CREE cut to Mkt Perform at Morgan Keegan.EMC raised to Outperform at Bear Stearns.EMC…
VMware (VMW) Research Calls
This morning, several brokerages put out research calls on VMware (VMW), the immensely popular EMC (EMC) spin-out. UBS started the company as a "buy". Bank of America started VMW at "neutral" with a &75…
Akamai And Limelight: Content Delivery Gets Worse
In the age of internet video and data transportation, it would make sense that the companies that facilitate these functions would do well. But, the two leading public companies in the industry have stock…
China Car Exports Getting Big Enough To Be Problem
It is easy to point to Chinese cars as being low-quality and cheap. But, in place like Africa and Latin America, that may not be such a bad thing. And, the US, European, and…
Europe Markets 9/24/2007
Markets in Europe were narrowly mixed at 6.20 AM New York Time. The FTSE rose .5% to 6,491. Barclays (BCS) was off 1.3% to 625.5. Rio TInto (RTP) was up 3.6% to 4196. The…
VMware (VMW) Buys EMC (EMC) Upgrades With Bear And Citi
Citi and Bear Streans both upgraded EMC (EMC) on the strength of its ownership in VMware (VMW) and its own growing storage business. According to MarketWatch, Citi which upped the stock from hold to…
Nvidia Goes After Intel
Nvidia (NVDA) makes chips that help run graphics on PCs. Most of its business has been aimed at high-end computers. Intel (INTC) makes chips that have a graphics capacity built in. According to The…
Starbucks: Giving Away 50 Million Apple iTunes Download
It is not a good sign. Starbucks (SBUX) will give away 50 million downloads as part of its new service with Apple (AAPL). The venture allows iTunes customers to go online for free at…
Microsoft Tries To Torpedo Google/DoubleClick Deal
Microsoft (MSFT) has quietly been approaching other companies with large internet properties and regulators in an attempt to scuttle the Google (GOOG) deal to buy huge online ad serving company DoubleClick. It has hired…
Media Digest 9/24/2007 Reuters, WSJ, NYTimees, FT, Barron’s
According to Reuters, the UAW set a strike deadline for today because it cannot reach a job security agreeement with GM (GM). Reuters writes that Starbucks (SBUX) will give away 50 million songs as…
Asia Market 9/24/2008
Japan and some other markets in Asia were closed. The Hang Seng rose 2.3% to 26,447. China Life rose 3.2% to 40.2. China Mobile (CHL) rose 4.2% to 116.4 China Petrolleum (SNP) moved up…
Dell’s Huge China Deal
Dell (DELL) may have made its biggest move since the return of Michael Dell to demonstrate that it is serious to turn itself around. According to The Wall Street Journal, Dell has set up…
China Shenhua Energy: A $9 Billion IPO
According to Bloomberg, China Shenhua Energy, the nation’s largest coal producer, plans to raise $8.9 billion to fund expansion in what would be the largest IPO in the world this year. The company is…
Which Private Equity Deal Fails Next: Tribune, Acxiom, Penn Gaming?
Now that Goldman Sachs (GS) and KKR have walked away from Harman (HAR), the question is which private equity deal will fail next. Here is a short list of the deals that 24/7 Wall…
US Hedge Funds To Take Over Trouble Mortage Firm Northern Rock?
Three US hedge funds apparently have targeted beleaguered British mortgage bank Northern Rock. They plan to buy it and break it into pieces, leaving the company’s stock holders with almost northing, according to The…
McDonald’s: Management Matters
McDonald’s was in pretty bad shape in late 2003, as a recent AP article points out. The stock is up from $12 then to $55 today. The AP attributes the improvement to better menus,…