Asia Markets 8/7/2007
Markets in Asia were mixed The Nikkei was up a fraction to 16,922. Sony (SNE) was up 1.2% to 5990. Toyota (TM) was up 1% to 7250. The Hang Seng was up a fraction…
All Work
Douglas A. McIntyre
Adobe Acrobat’s Unintended Use: Spam & Stock Promotion (ADBE, CHSH)
Today I got confirmation that ADOBE ACROBAT, the free .pdf file from Adobe Systems Inc. (NASDAQ:ADBE), is starting to be used much wider for spam emails as a way around email filters. I have…
PFizer’s (PFE) Promising New HIV Drug
Pfizer (PFE) has FDA approval for a new drug that "blocks the CCR5 co-receptor that serves as a main doorway for the HIV virus into immune cells." It will be marketed as Selzentry and…
BMC: Even Software is Bigger in Texas (BMC)
BMC Software (NYSE:BMC), one of the few major local software and business service management for large enterprise organizations, is seeing shares jump another 4% in after-hours trading. The company posted Q1 2008 EPS at$0.28…
Yet Another New Business For Sun (SUNW)
Sun Microsystems (SUNW) says it has created a new microprocessor that works so well that it will be able to sell it to other companies. Instead of doing one programming sequence, the Sun chip…
Qualcomm’s (QCOM) Plays Sisyphus
It is a long, steep hill for Qualcomm (QCOM). The ITC decided that some of Qualcomm’s technology infringed on IP from rival Broadcom (BRCM) and said it would block a number of handsets containing…
SINA Doesn’t Make The Grade (SINA, SOHU, BIDU)
SINA Corporation (Nasdaq:SINA): Non-GAAP net income was $16.1 million or $0.27 diluted non-GAAP and $0.25 GAAP EPS; net revenues increased 11% year over year to $59.8 million, within the upper range of the Company’s…
Local.com Posts Gains & Calls For More (LOCM)
Local.com (NASDAQ:LOCM) posted revenues of $5.1 million, up 51% year over year and over 4% sequentially. The loss was $3.15 million or -$0.34 dilued and basic EPS. Consensus estimates were -$0.35 and $5.07 million,…
Tech Tuesday: All About Cisco Systems & The Fed (CSCO)
Tomorrow is going to be an interesting day after a massive rally Monday. The market is going to be looking to the FOMC for soem stability on the economic outlook and hope that Bernanke…
Wynn Resorts, Earnings Wynner! (WYNN, LVS, MPEL)
Wynn Resorts, Ltd. (NASDAQ:WYNN) posted earnings of $0.82 GAAP EPS on revenues of $687.5 million First Call had estimates at $0.53 EPS and almost $604 million revenues. Year over year results are hard to…
Clearwire (CLWR): Not The Quarter Hoped For
Clearwire (CLWR) opened way down today trading as low as $26.47. But, late in the day, the shares made a sharp turn north and closed up almost 3% at $29.52. Just after hours, Clearwire…
Yahoo! Briefly Hit 52-Week Lows (YHOO, GOOG)
Yahoo! (NASDAQ-YHOO) almost joined the ranks of the 52-week low club today. It actually did hit new 52-week lows, although it looks like Yahoo! stock isn’t going to actually close down at 52-week lows. …
Lazard Defends Fuel-Tech (FTEK)
Lazard Capital Markets has made a post-earnings call on Fuel-Tech, Inc. (NASDAQ:FTEK). The brokerage firm has reiterated its Buy rating and $33.00 in an intraday research call. Its reason: they expected this news. Lazard’s…
Why Take-Two (TTWO) Is Not Recovering
Take-Two (TTWO) is off almost 5% today to $13.45 and it has traded within a penny of its 52-week low. That low was set when the company was operating in the shadow of incompetent…
Cramer Thinks Thornburg Mortgage Will Be Fine (TMA)
On today’s STOP TRADING segment on CNBC, Jim Cramer said that Thornburg Mortgage Inc. (NYSE:TMA) is one of the companies in mortgage land that is bad short that will hurt the traders betting against…
EMI Results Awful: Digital Up, But Not Enough.
From Silicon Alley Insider It’s big music’s recurring refrain: CD sales are plummeting. But one day digital sales will make up for that. That day cannot come soon enough. EMI Music Group reports that…
Getty Images: Value Stock or Value Trap? (GYI)
Getty Images Inc. (NYSE:GYI) is a stock that is in a conundrum. It looks like a great value stock with a very low P/E multiple now, but it also has all of the set-ups…
Limelight Networks (LLNW): Friedman Billings Looks The Fool
On July 18, Friedman Billings put an "outperform" on Limelight Networks. The shares closed at $16.85 that day. Today, the stock is off over 17% to under $12. What Friedman did not see was…
McDonald’s (MCD) Sells Boston Markets
McDonald’s (MCD) has sold Boston Markets. According to MarketWatch, the big hamberger chain paid $174 million for the chain in 2000. The buyer is Sun Capital:. No price was given. Douglas A. McIntyre
FCC Spectrum Auction: Meet The Bidders (GOOG)(T)(VZ)
From Silicon Alley Insider Expect the two biggest wireless companies, AT&T (T) and Verizon Wireless VZ), to give Google (GOOG) (and other potential new entrants like satellite TV firms) their biggest challenge. According to…