Too Much Excitement Over Intel
Shares in Intel (INTC) have not been much above their current price of since February 2004. Analsysts are taking a new liking to the shares. As Barron’s points out, Credit Suisse and Citi both…
All Work
Douglas A. McIntyre
Apple iPhone Sales Surge
Apple’s (AAPL) was the top selling smartphone in the US during July, according to iSuppli. The handset was also 1.8% of all cell phone unit sales for the month. According to Reuters: "The two…
What Does a Combined Leap Wireless & MetroPCS Look Like? (LEAP, PCS)
This morning there was a somewhat surprising merger announcement, although some have speculated this merger was inevitable. MetroPCS Communications, Inc. (NYSE:PCS) has sent a letter to Leap Wireless International, Inc. (NASDAQ:LEAP) proposing a tax-free…
Home Depot: Another Way To Kill The Share Price
Home Depot (HD) say that under the terms of its share buy-back, it brought in about 299 million at $37 a share. That totals 14.6% of the outstanding. Usually, this would be viewed as…
Sun Microsystems Goes After Linux
Sun (JAVA) claims that it open Solaris software will beat Linux to a pulp. According to ComputerWorld: "Sun intends to take the operating system into markets where it hasn’t traditionally been a force, such…
Thornburg Mortgage Catches Two Breaks (TMA)
Shares of Thornburg Mortgage (NYSE:TMA) are trading up by roughly 5% in pre-market activity. This news could have been mostly expected, but the good news is that there was not a cancellation or delay. …
Local.Com Renews With Yahoo! (LOCM, YHOO)
Local.com Corp. (NASDAQ:LOCM) has announced that it has renewed a multi-year agreement with Yahoo! (NASDAQ:YHOO). Yahoo! will continue to deliver its sponsored search results to Local.com, including Local.com’s recently expanded local search network. This…
Pre-Market Analyst Calls (September 4, 2007)
ABY raised to Neutral at UBS.AMD raised to neutral at Credit Suisse.AG raised to neutral at Credit Suisse.AEO raised to Outperform at Cowen.BLOG started as Outperform at Wachovia.DVA raised to Buy at Deutsche Bank.EXEL…
While You Were On Holiday…Here’s What You Missed
Last week was a light volume trading week, but the markets were open and they didn’t wait for the holiday crowd to come back. Here is a snippet of some of the major moves…
Can Starbucks Lay Seige To Russia?
During WW II, the German army found out just how hard it is to invade Russia. Napoleon discovered the same thing 150 years earlier. Now, Starbucks (SBUX) want to come to Russia, but the…
Bloomberg Says The Market Is Cheap, Maybe
The S&P 500’s average price-to-earnings ratio of 16.8 for August was the lowest since November 1995, according to monthly data compiled by Bloomberg. And, "all 10 industry groups in the S&P 500 are valued…
Europe Markets 9/4/2007
Markets in Europe were narrowly mixed at 5.55 AM New York time.. The FTSE was off a fraction at 6,315. BP (BP) was up .3% to 552. BT (BT) was down .2% to 315.25.…
Google Gets A Break As An Legal Challenge Fails
American Blind & Wallpaper Factory has had a suit pending against Google (GOOG) since 2003. It accuses the search engine of allowing companies to put competing advertising next to listing of firms whose names…
Sony: Late To The Video Download Band Wagon
Sony (SNE) has decided to use products including its Playstation3 and PSP as the target devices for a new set of video download businesses using content from the TV and movie industries. It is…
Mattel Messes With The Government And Its Shareholders
The management at Mattel (MAT) know the Consumer Product Safety Commission. According to The Wall Street Journal "manufacturers must report all claims of potentially hazardous product defects within 24 hours." But, Mattel has taken…
Media Digest 9/4/2007 Reuters, WSJ, NYTimes, FT, Barrons’
According to Reuters, American Blind & Wallpaper Factory Inc has dropped its long-running suit against Google (GOOG) for running ads for competitors when search results for a company appear. Reuters writes that Starbucks (SBUX)…
Asia Markets 9/4/2007
Markets in Asia were mixed. The Nikkei fell .7% to 16,420. NEC (NIPNY) rose 1.3% to 552. NTT (NTT) rose 1.7% to 543000. Toyota (TM) fell 1.7% to 6740. The Hang Seng rose .1%…
A Shotgun Wedding For Starbucks
Starbucks (SBUX) is not doing very well selling convincing investors that coffee sales in its stores are rising at an acceptable rate. The company’s stock is down 22% this year. So, the coffee retailer…
Gannett And The New York Times: Newspaper Revenue Drop Quickens
Newspapers companies have hoped against hope that the rapid fall of their print advertising would level out or at least decelerate. But, for the large companies like Gannett (GCI) and The New York Times…
China Mobile And China Unicom Sit At 52-Week Highes
Shares of both China Mobile (CHL), the largest Chinese cell company, and No.2 China Unicom (CHU) both sit at 52-week highs. And, no wonder. China Unicom now has almost 151 million subscribers, up from…