IPO PRICING: Genpact (G, GE)
Genpact Ltd. has priced its IPO under the ticker "G" on the New York Stock Exchange of 35.294 milllion shares at a price of $14.00 per share. Unfortunately, the estimates pricing range was originally…
All Work
Douglas A. McIntyre
Pre-Market Stock News (August 2, 2007)
(AIV) Apartment Investment & Management $0.88 EPS vs $0.80 est.(AIZ) Assurant $1.36 EPS vs $1.26 est,(ANSS) ANSYS $0.30 EPS vs $0.27 esy.(ATK) Alliant Techsystems $1.50 EPS vs $1.35 est.(CBB) Cincinnati Bell $0.08 EPS vs…
Germany Saves A Bank, Would The US?
IKB, a specialist lender based in Düsseldorf, was bailed out by the German government. According to the Financial Times, Jochen Sanio, head of Germany’s financial regulator, is said to have warned of the worst…
Pre-Market Analyst Calls (August 2, 2007)
AAPL started as Buy at B of A.ALVR raised to Buy at First Albany.BARE cut to Sector Perform at CIBC.BRCM raised to Outperform at CIBC.COCO raised to equal weight at Lehman, raised to Outperform…
Amgen (AMGN) And GSK (GSK): Is The Government Getting Tougher On Pharma?
The U.S. Centers for Medicare & Medicaid Services issued its final ruling governing use of a class of anemia drugs including Amgen’s (AMGN) Aranesp .The CMOS guided doctors to restrict the use of the…
Starbucks (SBUX) Lackluster Results
Starbucks (SBUX) turned in an OK performance and its stock moved only a little over 2% up in pre-market trading. Revenue rose from $1.66 billion in the quarter a year ago to $2.01 billion,…
Nokia (NOK): Winner And Still Champion
According to Bloomberg, Nokia’s (NOK) net income rose to 2.83 billion euros ($3.87 billion), or 72 cents share. The company moved market share toward 40 percent by introducing new devices as competitor Motorola (MOT)…
Europe Markets 8/2/2007
Markets in Europe were higher at 6.50 AM New York time. The FTSE rose .7% to 6,295. BP (BP) was down 1.4% to 565.5. BT (BT) was up 1.9% to 315.75. GSK (GSK) was…
Sohu (SOHU), So Small
A look at Sohu’s (SOHU) earnings for the last quarter shows how small and vulnerable China’s internet properties are compared with global operations like Google (GOOG) and Yahoo! (YHOO). It also indicates how much…
Lenovo Get Stronger: Hewlett Packard (HPQ) And Dell (DELL) Get A Challenge
Lenovo, the world’s third largest PC company increased profits in is last quarter by 13x. And, operations in the US were profitable. Lenovo’s net rose to almost $67 million. Revenue was up 13% to…
“Made In China” Gets Expensive
The last anyone heard, US companies manufactured goods in China because labor costs were low and the out-sourcing saved money. Yesterday, Mattel’s (MAT) Fisher division recalled about one milion toys. They had high levels…
Apple’s (AAPL) Last Upgrade
Someone at the Apple (AAPL) Bar & Grill called for the last round just before closing and the research group at Bank of America wanted a drink. Yesterday the bank started is coverage with…
Google (GOOG) Open Wireless Standards: As Long As The Software Is Google’s
Google (GOOG) pushed the FCC to offer open wiresless access as a condition of bidding on spectrum in the next auction that will open more broadband wireless conduits. The idea is to unlock the…
Media Digest 8/2/2007 Reuters, WSJ NYTimes, FT, Barron’s
According to Reuters, auto sales in the US dropped in July and imports took more than 50% of the market for the first time as sales dropped shsrply at GM (GM) and Ford (F).…
Asia Markets 8/2/2007
Markets in Asia were mixed The Nikkei rose .7% to 16,984. Canon (CAJ) was upp 3.3% to 6540. Honda (HMC) was down 1.7% to 4170. Sony (SNE) was down 1.3% to 6010. The Hang…
BigBand Networks Hits Low Close Ahead Of Earnings (BBND)
On Thursday afternoon, we’ll get to see the first real quarter from BigBand Networks (NASDAQ:BBND). The broadband network-based platform equipment maker has had a rough time of it since coming public earlier this year. …
Cramer Pans Financials Again, Then Talks Up Chipotle With Its CFO (CMG)
On tonight’s MAD MONEY on CNBC, Jim Cramer said despite a sweet close it isn’t time to celebrate. In a preservation of capital strategy and cutting losses will generate gains anyway. He thinks the…
EA Guidance Sees Weakness From Halo 3 & Grand Theft Auto Competition (ERTS, THQI, TTWO, MSFT)
Electronic Arts Inc. (NASDAQ:ERTS) has posted results with a gross profit of $229 million, but its actual net loss was $132 million. Its diluted EPS was -$0.42 net and -$0.22 on a non-GAAP basis…
Starbucks Brews Earnings Gains (SBUX)
Starbucks Corp. (NASDAQ:SBUX) has shown its earnings, and the results came in at net $0.21 EPS on revenues of $2.4 Billion. First Call estimates were $0.21 EPS and almost $2.4 Billion in revenues. It…
Cramer Still Vacant on Financials, For Obvious Reasons
On today’s STOP TRADING on CNBC, Jim Cramer discussed the myriad of financial-related stocks and anything tied to housing as an area he’d still stay away from. In fact he said he’d sell most…