Dell’s Turnaround Gets Mashed
Dell (DELL) came out with a set of cool PCs with fancy colors and better displays. They are aimed at the consumer market. In the past DELL was mostly a direct seller to enterprises.…
All Work
Douglas A. McIntyre
Apple iPhones Big Numbers, Maybe
Several reports yesterday indicated that Apple (AAPL) would sell 800,000 iPhone in the current quarter. Reuters reported that a UBS analyst believed that AAPL would top its own target of 730,000 handsets. Barron’s had…
NYSE Short Interest For August
Below are short interest figures for major companies traded on the NYSE as of August 15 compared to July 13, 2007 Largest Short Positions Ford (F) …
Media Digest 8/22/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, GM (GM) sees revenue in Latin America, Africa, and the Middle East growing by several billion a year for the next several years. Reuters writes that Toyota (TM) believes that it…
Asia Markets 8/22/2007
Markets in Asia were mixed. The Nikkei fell a fraction to 15,900. NTT (NTT) was up 1.4% to 504000. Yahoo Japan was up 5.7% to 38700. The Hang Seng rose 2.9% to 22,352. China…
Google: YouTube Goes For The Cash
Google (GOOG) has finally announced how it will make money on YouTube. According to The Wall Street Journal, the site will begin to run video commercials 15 seconds into the site’s content. The user…
The 52-Week Low Club
UST Inc (UST) Philip Morris USA is testing rival product. Shares drop to $47.73 from 52-week high of $61.17. Saks (SKS) Market miffed about Q2 loss. Drops to $16.55 from high of $23.25. Williams-Sonoma…
Wal-Mart’s DRM-free MP3 Music Not Likely To Hurt Apple or Amazon.com (WMT, AAPL, AMZN, RNWK)
Earlier this morning, Wal-Mart (NYSE:WMT) announced the launch of its own "DRM-free" MP3 music downloads. Those wanting the service can download from Walmart.com at $0.94/song and $9.22/album. The new MP3 digital format allows the…
Limelight Networks: How Many Class Action Suits Can It Get? (LLNW, GS, MS)
One thing has held true since the bubble burst and long before then: When shares of a company get hit hard, attorneys file class action lawsuits against a company for misleading shareholders and causing…
Shareholders Approved The Deal, But What Will Tribune Really Fetch? (TRB, GCI, NYT)
Shares of Tribune Corp. (NYSE:TRB) are trading up higher by about 3% today after shareholders approved the transaction with Same Zell. That was not really a question. If you were in a troubled industry…
Google Takes Another Checkered Flag
Google (GOOG) walked off with another win in the July Hitwise search engine sweepstakes with 64.35% of the US market, up from up from 60.23% the same month last year. Yahoo! (YHOO) was fairly…
Apple: The Market Reacts To New Competition
It must be humiliating for MTV and RealNetworks (RNWK) to say they will compete with Apple (AAPL) iTunes and watch the AAPL shares spike up almost 6% to $129. RNWK were up only slightly…
IPO FILING: BioForm Medical (BFRM)
A company named BioForm Medical has filed to come public vian an initial public offering. For registration purposes, it has a proposed sale of up to $115 million in common stock under the proposed…
Target Not Sharing Wal-Mart’s Woes (TGT, WMT)
Target Corp. (NYSE:TGT) reported in-line earnings and gave guidance that was basically in-line with prior targets. The retail giant posted $0.80 EPS against $0.80 estimates, and revenues were $14.62 Billion versus $14.67 Billion estimates. …
Pre-Market Stock News (August 21, 2007)
(ADLS) Advanced Life Sciences in collaboration with U.S. Government to study cethromycin as treatment for anthrax and other high-priority biodefense agents. (AEO) American Eagle Outfitters $0.37 EPS vs $0.36 est.(BJ) BJ’s Wholesale $0.46 EPS…
Accredited Home Lenders Sends Loans To Vulture Investors (LEND)
Accredited Home Lenders Holding Co. (NASDAQ:LEND) has issued a press release saying that it has entered into an agreement to trade approximately $1 billion of loans under a 90-day purchase agreement with an investor…
Pre-Market Analyst Calls (August 21, 2007)
ACAD started as Buy at Deutsche Bank.AHS started as Neutral at B of A.ASML raised to Outperform at FBR.AW started as Neutral at B of A.BBBY started as Hold at Citigroup.CCRN started as Neutral…
Research-in-Motion On An Ex-Split Basis (RIMM)
Research-in-Motion (NASDAQ:RIMM) is going to trade ex-split today to reflect the previously announced 3-for-1 stock split. The $235.99 close of yesterday would now have an adjusted price of $78.663. Yesterday’s $236.66 high was actually…
Wal-Mart And The China Dog Food Wars
Wat-Mart (WMT) is the latest US firm to get embroiled in the quality problems with Chinese products. According to The Associated Press, the sweethearts at WMT have yanked Chicken Jerky Strips from Import-Pingyang Pet…
Tough Days For Verizon And Comcast: Broadband Growth Slows
Verizon (VZ) and Comcast (CMCSA) along with all of their other telecom and cable friends have been hoping that the broadband growth party would never end. VZ has put $23 billion into its FiOS…