IPO Filing: Turner Investments Inc. (TNR)
Turner Investments Inc. has filed to come public via an IPO. For filing purposes it listed $150 million as the amount up to which it will securities, although this is nominal and usually changes. …
All Work
Douglas A. McIntyre
WSJ.com For Free
Rupert Murdoch, head of News Corp (NWS) said it again today. He is leaning hard toward making the online edition of The Wall Street Journal free, according to CNN Money. Depending on which measurement…
GE’s Pretty Good Economy Is Actually Reaffirming Earnings Guidance (GE)
General Electric (NYSE:GE), at its GE Security Analyst Meeting this morning, has signaled that it is averting an earnings warning. The prior guidance remained. GE showed its Q3 2007 outlook, although it is much…
GM: Wall St. Starts To Focus On Top Line
GM (GM) suffered an analyst downgrade today. Goldman Sachs moved the shares from "buy" to "neutral". In a way, it is a surprise that it did not happen sooner. On September 10, GM traded…
Boeing Ups China Numbers: Read The Fine Print
Boeing (BA) has upped it figure for how much the Chinese aviation business will spend on airplanes over the next 20 years. According to MarketWatch, it now puts that number at $340 billion, about…
AMD Wants Better PC Performance
AMD (AMD) thinks that there is a gap between dual-core chips that run on most PCs and the newer quad-core superchips that the company and its rival Intel (INTC) build for high-end servers. PC…
SEC Looks For Insider Trading At Hedge Funds
The SEC will beging to step up its examination of insider trading at hedge funds. According to Bloomberg "SEC officials told hedge funds to list clients and workers who serve as officers or directors…
Internet Recession Watch: Tracking the Signs
From Silicon Alley Insider Updated: We continue to believe that we may be in the first stages of a cyclical downturn for advertising and the Internet sector–one that will affect not only start-ups and…
Cisco Buys Into Wireless Spectrum Analysis (CSCO)
Cisco Systems (NASDAQ:CSCO) has announced a definitive agreement to acquire Germantown, MD-based Cognio, Inc., a company involved in wireless spectrum analysis and management for wireless networks. Cognio’s spectrum technology enhances performance, reliability and security…
Pre-Market Stocks in the News (September 18, 2007)
(AAPL) Apple has named 02 as exclusive carrier in U.K. for its iPhone, sets November 9 as launch date.(ADBE) Adobe traded up 4% after beating earnings and raising estimates.(AMSC) American Superconductor won a $20…
Lehman Defying Financial Market Malaise (LEH, GS, BSC, MS)
Lehman Brothers Holdings Inc. (NYSE: LEH) has just reported net income of $887 million, or $1.54 per common share (diluted), for the third quarter ended August 31, 2007. This does represent a drop of…
Pre-Market Analyst Calls (September 18, 2007)
CAM cut to Mkt Perform at Wachovia.CYPB started as Buy at Citigroup.DMAN started as Outperform at Credit Suisse.ENB raised to Outperform at CIBC.ERTS started as Buy at Goldman Sachs.ETFC cut to Neutral at Goldman…
Qualcomm Heads Back To The Gauntlet
Qualcomm (QCOM) has been to the ITC with Broadcom (BRCM) and lost a ruling that that may prevent the company from importing handsets or chips that violate Broadcom patents. The final punishment is still…
Everyone Wants To Be Microsoft
After the EU took Microsoft (INTC) out back and beat it up over anti-trust charges and then a European court upheld the EU ruling and fines, it would seem no one would want to…
Merck’s Big Test
Merck’s (MRK) has won almost every liability case it has faced over side-effects of its pain killer Vioxx. It has gotten to the point where plaintiff’s attorneys don’t want to risk their time any…
Moody’s Makes Changes, But It’s A Little Late
Maybe Moody’s (MCO) should have thought of this before. According to the FT, Moody’s is considering overhauling the way it rates complex financial instruments to analyse how these products might behave in a liquidity…
The Nasdaq: Where Delisting Means Nothing
Dell (DELL) got another delisting warning yesterday. It has to file its financials on time, or risk being thrown off the exchange. Dell has gotten a number of these. but Nasdaq (NDAQ) keeps pushing…
Ford: Nothing Left To Cut
Mark Fields, EVP of Ford (F) was in line to become CEO. But, the job went to someone from Boeing (BA). Fields may have shown why yesterday. The Ford exec made the comment that…
Apple Teams With O2 Network In England
The Apple (AAPL) iPhone will go on sales in England in November. The price will be about $529. The carrier will be O2 network, the U.K. mobile arm of Spain’s Telefonica. Anything else? Douglas…
EU And Microsoft: Google Is Next
Press and pundits says that now that the European Union and its courts have eviscerated Microsoft (MSFT), the next targets will be Qualcomm (QCOM) and Intel (INTC). The case against Intel is fairly simple.…