Sun’s (SUNW) Shares Don’t React To Job Cuts
Sun (SUNW) filed a document with the SEC that indicated that it would make more job cuts. About a year ago, Sun fired almost 5,000 people, about 12% of its work force. Sun’s shares…
All Work
Douglas A. McIntyre
Recent Market Malaise Extra Painful For Cult Stocks (CMGI, SFE, HOKU, LOCM, OMEX)
When you see close to a 10% drop in the broad market, you just automatically assume it punishes the speculative names even worse. Being Hi-Beta has a price. That wasn’t any different in the…
Building A Competitor To Dell (DELL) and HP (HPQ)
The two big Asian PC makers, Acer and Lenovo, are in talks to buy European PC company Packard Bell, according to Reuters. That would give one of them a strong foothold in two regions…
Earnings Preview: Heelys (HLYS)
Heelys, Inc. (NASDAQ:HLYS) has been a like a ride at an amusement park since coming public. The stock is actually close to its post-IPO lows now. But all of a sudden shares are up…
Wal-Mart (WMT): India A China Foil
First, Wal-Mart (WMT) announced a joint venture with India retailer Bharti Enterprises to begin opening stores in India. But, that was not he end of it. Today, Wal-Mart’s man in India said that the…
Blank Check IPO Filing: ASIA SPECIAL SITUATION ACQUISITION CORP.
Asia Special Situation Acquisition Corp. has filed to come public via an IPO. This is a Cayman-based blank check company that has signaled it will sell 11.5 million units at $10.00 per unit. Each…
Warner Music (WMG) Results Actually Okay: Digital Up 29%
From Silicon Alley Insider Edgar Bronfman, Tom Lee, Bain Capital and every other Warner Music shareholder will likely want to send a thank you note to EMI Music Group today, for making it look…
Pre-Market Stock News (August 7, 2007)
(AAPL) Apple has mac conference today.(AGN) Allergan noted positively by Jim Cramer on MAD MONEY. (BHI) Baker Hughes July 2007 rig count was 1,018, up 3 from June and up almost 100 from last…
Some EMC-VMware Employees Holding Out On Share & Options Tender? (EMC, VMW)
EMC Corp. (NYSE:EMC) and VMware Inc. (NYSE:VMW) announced early this morning that the exchange offer for certain employee stock options is being extended to 11 AM EST on August 13, 2007. The prior date…
AMD (AMD) Further Price Cuts? Lower Stock
AMD (AMD) came within a few pennies of its 52-week low yesterday. It traded at $12.41. Perhaps traders caught wind of the fact that the x86 processor company will be cutting prices again. According…
Implications of Online Ad Inventory Glut–on AOL, Yahoo, and Start-Ups
From Silicon Alley Insider The Post’s Holly Sanders notes the trend that scorched AOL, Yahoo, CNET, and other major online display-ad companies this quarter (i.e., everyone but Google): the wide availability of cheaper advertising…
Pre-Market Analyst Calls (August 7, 2007)
ARJ started as Buy at Oppenheimer.ASEI raised to Hold at Jefferies.ASX raised to Buy at Citigroup.AUTH started as Outperform at Cowen.BKC raised to Buy at Citigroup.BMC raised to Peer Perform at Bear Stearns. BWLD…
Microsoft (MSFT) Finds Another Way To Go After The iPod
Microsoft’s (MSFT) Zune does not seem to be doing much good getting the company a piece of the Apple (AAPL) iPod digital music player market. So, the world’s largest software company is taking a…
More Bad Luck For Alcatel-Lucent (ALU)
First, Alcatel-Lucent (ALU) turned in another bad quarter, leading Wall St. to question whether the merger between the US and French telecom equipment companies makes sense. Its shares are down 21% over the last…
Europe Markets 8/7/2007
Market in Europe were higher at 6.15 AM New York time. The FTSE rose 1.3% to 6,271. Prudential (PUK) was up 2.8% ot 704.5. Vodafone (VOD) was up 1.6% to 157.1. The DAXX rose…
The Internet Trumps Newspapers
It is not enough that internet revenue at companies like Gannett (GCI) and The New York Times (NYT) are not growing fast enough to offset drops in print revenue, and that this has helped…
What If Ford (F) Can’t Sell Jaguar And Rover
The Wall Street Journal writes that Ford (F) may have trouble selling Jaguar and Rover due to "uncertainty over how the European Union will apply new regulations on carbon-dioxide emissions." Because the two luxury…
Nintendo Cuts The Micorosft (MSFT) Xbox
Microsoft (MSFT) is cutting the price of its most popular version of the Xbox 360 by $50 to $349. Sales of the game console have been weak as the Nintendo Wii continues to whip…
McDonald’s (MCD) Joins The Communist Party
McDonald’s has succumbed to pressure from Chinese groups and will raise its wages in that country. It will also gets it employees new uniforms. Seriously. The fast good chain has been accused of under-paying…
Media Digest 8/7/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Bear Stearns (BSC) has several potential buyers including JP Morgan (JPM) and Bank of America (BAC) Reuters writes that a court overturned a patent infringement award won by Alcatel-Lucent (ALU) in…