Sirius Is Not Whole Foods Market
There have been a couple of media articles about shares of Sirius Satellite Radio (SIRI) rising because progress of the Whole Foods (WFMI) buyout of Wild Oats (OATS) is a signal that government antitrust…
All Work
Douglas A. McIntyre
Clearwire Debt Holders & Shareholders Selling Shares (CLWR, INTC, MER, DB)
Clearwire Corporation (NASDAQ:CLWR) had a filing after Friday’s close showing shareholder selling stock. Upon seeing the mere name Clearwire you’d instantly think the company itself was selling more shares or taking on more debt. …
GM’s Piple Dream
GM (GM) CEO Rick Wagoner says that the big car company is OK despite the tough stock market and problems in the mortgage sector. According to Reuters, "GM’s exposure to the subprime mortgage market…
Sentinel Goes Charpter 11
Sentinel Management Group, a futures commission merchant, filed for Chapter 11. The fund has too many redemption requests and its portfolio had dropped sharply in value. The fund may now be able to restructure…
Is Target Still Killing Wal-Mart? (TGT, WMT)
Target Corp. (NYSE:TGT) reports earnings on Tuesday, and it traded up with the broader market today. Shares closed up 2.3% at $61.18. First Call is expecting EPS to be $0.80 on revenues of $14.7…
Earnings Preview For Staples in Aug. 2007 (SPLS)
Next Tuesday we have earnings from Staples, Inc. (NASDAQ:SPLS) and First Call has EPS at $0.25 and revenues at $4.3 Billion. The following quarter is expected to have $0.41 EPS on $5.2 Billion in…
The 52-Week Low Club
Accuray (ARAY) Radiosurgery company has quarterly loss. Down to $12.90 from 52-week high of $31.09. Home Solutions (HSOA) Problems with credit facility. Down to $2.85 from 52-week high of $8.24. Tarragon (TARR) Apartment and…
Cramer Puzzled on EMC/VMware (EMC, VMW, TXN, GOOG, CSCO, INTC, SLB)
On today’s STOP TRADING on CNBC Jim Cramer said investors can now focus on what is cheap again and he was positive on Schlumberger (NYSE:SLB) with it to go back to $95.00. His real…
Earnings Preview: Medtronic August 2007 (MDT)
Medtronic (NYSE:MDT) posts earnings after the close on Tuesday, August 21, and First Call estimates are $0.62 EPS on $3.17 Billion in revenues. The following quarter is looking like estimates are $0.65 EPS and…
Lowe’s, Praying For Hurricane Dean To Head North Ahead of Earnings (LOW, HD)
Lowe’s Companies (NYSE:LOW) reports earnings on Monday and First Call estimates put earnings at $0.61 EPS on revenues of $14.1 Billion. Estimates for the following quarter are $0.47 EPS on revenues of $12.1 Billion.…
Reuters $1B IT Outsourcing Pact Names Fujitsu Instead of TIBCO (TIBX, VMW, RTRSY, TOC)
We confirmed that Reuters (NASDAQ:RTRSY) has apparently given a $1 Billion IT outsourcing pact to Fujitsu Services to launch a standardized IT platform across its global operations. Reuters wants to save $1 Billion over…
Would EBAY Sell Skype To Comcast?
Skype is not working out very well for Ebay (ABAY). That is not just because the service has been down for two days, keeping it over 200 million subscribers off of the VoIP service.…
Whole Foods Ruling Good News For Google/DoubleClick, Sirius/XM. Really.
(WFMI)(OATS)(SIRI)(XMSR)(GOOG) From Silicon Alley Insider What do organic grocery stores, online ad giants, and satellite radio companies have in common? Just a bunch of regulators who decide whether to approve mega-mergers like Google’s takeover…
IPO FILING: Concentric Medical, A Stroke Treatment Device (CLOT)
A medical device company for the treatment of strokes called Concentric Medical, Inc. has filed to come public via an IPO under the NASDAQ ticker "CLOT." The filing is for up to $69 million…
IPO Filing: Chimera, A Vulture Fund With Annaly (CIM, NLY)
Annaly Capital Management, Inc. (NYSE:NLY) announced the filing for an IPO of Chimera Investment Corporation under the NYSE tick "CIM." Chimera is a newly-formed specialty finance company that will invest in residential mortgage loans,…
Top Financial Gappers on Discount Rate Cut (GS, BSC, LEND, ETFC, TMA, NLY, WM, WFC, CFC, MBI, PMI)
These intra-meeting cuts like the 50-basis point discount rate cut this morning, even if this one is the discount rate rather than the funds rate, do act as stabilizers and you are seeing it…
FED Cuts Discount Rate, Futures Spike
What appears to be the beginning of another bad day for Wall St.. was turned around as the Federal Reserve cut the discount rate from 6.25% ot 5.75%. Futures are now up sharply. In…
Google To Buy Into China
Google (GOOG) plans to make several acquisitions in China over the next several quarters, according to TechCruch. GOOG market share there trails China search engine Baidu (BIDU) by a large margin. By some measures,…
Ebay Plan For Skype Falters As Service Stays Off-Line
After Ebay’s (EBAY) last earnings report, CEO Meg Whitman made it clear that the company was not getting a good return on its investment in free VoIP service Skype. EBAY is paying as much…
Does Hewlett-Packard PC Success Hurt Apple
Hewlett-Packard (HPQ) had a break-out quarter in its PC business. And Apple (AAPL) is hoping to take PC market share with it iMac line. The increase in AAPL computer sales is seen as critical…