IPO Premium Pricing: athenahealth (ATHN)
athenahealth Inc. (NASDAQ:ATHN) has priced its IPO at $18.00, which is above the $14.00 to $16.00 proposed range. The IPO of 6.286 million shares has 5 million shares being sold by the company and…
All Work
Douglas A. McIntyre
As Talk Of Union-Run Pension Fails GM Strike More Likely
According to several media reports, the UAW has walked away from a GM (GM) proposal to put money into a health care fund covering employees and managed by the union. GM wanted the deal…
Goldman Sachs Shows Bear Stearns Who Daddy Is (GS, BSC)
Last night we put out an alert where traders were clearly making a bet that Goldman Sachs (NYSE:GS) was going to be an earnings winner compared to its smaller and more troubled Bear Stearns…
Pre-Market Stock News (September 20, 2007)
(ATHN) Athenahealth IPO priced at $18, above the $14 to $16 range.(BCRX) BioCryst Pharma shares down over 30% after flu studies failed to show significant improvements.(BRLC) Syntax-Brillian announced it has already named a CFO…
Pre-Market Analyst Calls (September 20, 2007)
AKAM cut to Sell at Kaufman.AUDC raised to Buy at Cantor Fitzgerald.AVR cut to Underperform at FBR.BPL raised to Buy at Deutsche Bank.BGH cut to Hold at Deutsche Bank.CKEC started as Overweight at JPMorgan.CLC…
Ethanol Stocks Get Another Downgrade (AVR, PEIX, VSE)
If you have been following our posts for 52-week lows at the end of the day, one of the groups that keeps having some of its components hitting this list is the ETHANOL Stocks. …
Video Use on Cellphones At Only 4%
According to Forrester Research, the percentage of North American handset owners who watch video sits at a mere 4%. The news comes as Verizon Wireless, a joint venture of Verizon (VZ) and Vodafone (VOD) …
Qatar Tries To Block Dubai/Nasdaq/OMX Hook-Up
MarketWatch is reporting that The Qatar Investment Authority said it’s taken a 20% stake in the London Stock Exchange literally hours after Borse Dubai said it was buying 28% of the LSE from the…
Recalls: Will There Be Any Toys For Christmas?
After the huge toy recalls by Mattel (MAT), it appears that Congress has begun to uncover several other companies that believe they have dangerous products that they will have to be withdrawn from the…
Panic In The Cell World: Nokia Relases WiFi Phone
Nokia (NOK) is launching a new phone on which "users can make calls over the Internet when they are in range of an unlicensed wireless network, such as Bluetooth or Wi-Fi," according to Reuters.…
Sony PS3: The Gang That Could’nt Shot Straight
Sony (SNE) has set a new low in screwing up its PS3. Already well behind Microsoft (MSFT) Xbox 360 and Nintendo Wii in sales, the big Japanese consumer electronics company said its would delay…
Europe Markets 9/20/2007
Markets in Europe are lower at 6.20 AM New York time. The FTSE is off .7% to 6,416. Barclays (BCS) is off 2% to 626.5. BT (BT) is off 1.4% to 309.75. Northern Rock…
ABC And NBC: Download Deals Galore
In a slap at Apple (AAPL) iTunes, the NBC Universal unit of GE (GE) yesterday announced that they would make a number of their TV shows available for download and viewing. Consumers can play…
Deal For Sallie Mae Begins To Unravel
Private equity firms J. C. Flowers & Company and Friedman Fleischer & Lowe were going to buy Sallie Mae, the student loan organization, for $25 billion. When credit problems started to hit big buy-out…
Desperate For A Deal: The Nasdaq-London-Dubai-OMX Stock Exchange
The deal, hatched by Nasdaq management with the help of the owners of the Borse Dubai is one that only a schizophrenic could understand. Dubai will buy slightly less than 20% of The Nasdaq…
Santa Brings A Recesssion
When the sleigh and reindeer land on roofs across American this holiday, the gift bag will be filled with home heating oil and mortgage bills. Santa is bringing a recession for Christmas. According to…
Media Digest 9/20/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Nasdaq (NDAQ) and Borse Dubai will team up and buy the Swedish OMX. Reuters writes that Sony (SNE) will delay the launch of its Home online community of PS3, another set-back…
Asia Markets 9/20/2007
Markets in Asia were slightly higher The Nikkei rose .2% to 16,414. KDDI fell 2% to 848000. Docomo (DCM) rose 1.8% to 174000. Yamaha rose 2.5% to 2640. The Hang Seng rose .6% to…
Traders Expect Goldman Sachs To Outshine Bear Stearns (GS, BSC, MER, MS)
On Thursday, September 20, we get the dual reports from Bear Stearns (NYSE:BSC) and from Goldman Sachs (NYSE:GS): Bear Stearns is expected to post $1.78 EPS on $1.65 Billion in revenues. On Monday shares…
Baidu.com Up Eight Straight Days, Can It Continue? (BIDU, SINA, SOHU, NTES)
Baidu.com, Inc. (NASDAQ:BIDU) is one of these stocks that is pretty amazing when you look at its trading activity and its volume. BIDU stock closed up Wednesday another 2.6% at $275.95 on 11.8 million…