Europe Markets 8/17/2007
Markets in Europe were off slightly at 6.20 AM New York time. The FTSE fell .2% to 5,845. Barclays (BCS) was down 1.2% to 598. Rio Tinto (RTP) was down 2.5% to 2857. The…
All Work
Douglas A. McIntyre
Nasdaq Gets Slapped Down Again
The NASDAQ Stock Market (NDAQ) struggle for months to buy the London Stock Exchange to expands it global reach. It got nowhere. London kept turning it away. It looked like NDAQ finally has a…
Dell Has Problems Getting Notebooks
Dell (DELL) is having problems getting enough notebooks to meet rising demand. According to the Taiwam Economic Times DELL suppliers Quanta Computer Inc. and Wistron Corp. are being asked to up their production of…
Sun Microsystems Keeps Scrambling For Revenue
Sun Microsystems (SUNW) has come up with another new way to make revenue. It sales were flat in the last quarter, and that does not seem likely to change in the next quarter or…
More Bad News For Qualcomm
Qualcomm (QCOM) got more bad news yesterday. It largest customer, Nokia (NOK) filed a complaint with the ITC to ban imports of handsets that the big European company says infringe on its patents. QCOM…
The Boston Scientific Fire Sale
Boston Scientific (BSX) has indicated that it will consider selling two more of its units. Wall St. has speculated that sales of the company’s key products like drug coated stents have fallen so far…
Niche Stores Won’t Help Wal-Mart
Wal-Mart (WMT) is thinking of opening a number of high-end stores, focusing on the grocery business. According to The Wall Street Journal "one idea calls for urban convenience stores less than a tenth of…
Media Digest 8/17/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Dell (DELL) will restate four years of results after an audit that lasted over a year. Reuters writes that Bear Steans (BSC) will cut 240 jobs in its sub-prime operations. Reuters…
Asia Markets 8/17/2007 Nikkei Down 5.4%
Markets in Asia fell sharply The Nikkei fell 5.4% to 15,274. Canon (CAJ) fell 8.6% to 5400. Honda (HMC) fell 8.2% to 3470. Sony (SNE) fell 6.8% to 5050. The Hang Seng fell 2.7%…
Citrix Systems Maybe Unable To Challenge VMware (CTXS, EMC, VMW, SYMC, MSFT, ORCL)
This would have been a great story to cover any normal day, but if you have been following the trading sessions in the stock market you know times aren’t normal. Citrix Systems (NASDAQ:CTXS) made…
Whole Foods (WFMI) Wins In OT
The issue of Whole Foods (WFMI) purchase of Wild Oats (OATS) moved over a huge hurdle today. The FTC has objected to the merger on the basis that the combination would allow the companies…
Cramer’s Bank Winner For After The Meltdown (WB, WFC, BAC)
On tonight’s MAD MONEY on CNBC, Jim Cramer discussed why Wachovia (WB), Wells Fargo (WFC), and Bank of America (BAC) were all up big today; and some even higher than before the mortgage malaise…
DELL: Fully Reporting Soon After Restatements & Internal Investigation Results (DELL, HPQ)
Dell (NASDAQ:DELL) has decided to do something that is probably not coincidental. It announced that it has completed its internal investigation and will restate its financials. Any shot this was to take away some…
Hewlett-Packard Earnings May Save The Day For Tech (HPQ, DELL, AAPL)
Hewlett-Packard (NYSE:HPQ) may have saved the day for technology. The green machine posted $0.71 Non-GAAP EPS versus $0.66 estimates and $25.4 Billion revenues versus $24.1 Billion estimates. Its 9% non-GAAP margin was also a…
Schwab Up Despite Service Outage (SCHW, AMTD, ETFC, BAC, JPM)
If someone told you that Charles Schwab Corp. (NASDAQ:SCHW) was back in positive territory on the day the market fell 300 points in the DJIA AND on a day that many of its customers…
Both Sides Of The Market Fears On Apple, H-P & Tech (AAPL, HPQ, DELL, RIMM, PALM, CSCO)
In the latest market malaise, note this isn’t really a crash yet even if it feels like one, Apple (NASDAQ:AAPL) has seen shares slide in a short period of 13 trading days fall from…
GM (GM) Gets Killed, Disney (DIS) Is Fine: The Beer And Hamburger Economy
With the market down 300 point in a day and off more than 10% from its recent highs, Wall St. is looking at some of the most active stocks and scratching its head. GM…
Sprint (S) Pumps Up Volume On WiMax
Sprint (S) has indicated that it will spend as much as $5 billion on its national WiMax network between now and 2010. It had already told Wall St. it would spend close to $3…
No Buyers For Charter (CHTR)
The market seems to agree with what 24/7 Wall St. wrote lates yesterday. No one will buy debt-laden Charter Communications (CHTR) and even controlling shareholder and billionaire Paul Allen does not have the money…
Can A New Dungeons & Dragons Version Insulate Hasbro From Current Toy Industry Woes? (HAS, MAT)
Mattel’s (NYSE:MAT) recalls are quite well known now. We know that Chinese toys are being checked and tested and complained about across the board, and rightfully so. Chinese suppliers have been exposed probably hundreds…