Asia Market 7/24/2007
Markets in Asia were mixed. The Nikkei rose .2% to 18,002. Canon (CAJ) rose 1.1% to 7190. Hitachi (HIT) rose 4.1% to 891. Sony (SNE) rose 1.8% to 6300. The Hang Seng rose .6%…
All Work
Douglas A. McIntyre
Can Pepsi Earnings Win the Pepsi-Coke Investor Taste Test? (PEP, KO)
Pepsico (NYSE:PEP) will grace us with the presence of its earnings Tuesday morning. Analysts, according to First Call, are looking for EPS to come in at $0.89 on revenues of almost $9.4 Billion. The…
AT&T Earnings Tuesday, First Look at Formal iPhone Sales? (T, VZ, AAPL)
Dow Jones Industiral Average component and reconstituted "Bells" telecom player AT&T Inc. (NYSE:T) is set to report earnings Tuesday morning. Shares initially did quite well this year after a a near 50% recovery from…
Texas Instruments (TXN): Wall St. Is Not Impressed
Texas Instruments (TXN) was expected to report a 10% decline in earnings to 42 cents a share on a 7% fall in sales to $3.45 billion for the second quarter, according to a survey…
American Express (AXP): Nothing Going On
American Express (AXP) was expected to report earnings of 86 cents a share on sales of $7.49 million for the second quarter The company reported second quarter EPS of $.88 vs $.76 last year.…
NetFlix (NFLX) Comes Back, A Little
NetFlix (NFLX) lost 12% of it market value today and fell as low as $17.17. That was until Wall St. saw the company’s earnings. Revenue for the second quarter of 2007 was $303.7 million,…
Internet Ideas: IPOs For Dummies
Internet Ideas, a web content company controlled by Idealab, plans to raise $100 million in an IPO. Idealab has 77% voting control of the firm. The question about the IPO is why anyone would…
Starbucks (SBUX) Rising A Week Before Earnings
Starbucks (SBUX) has moved up 8% in the last week, coming off 52-week lows. Earnings are scheduled for August 1. According to Reuters, the company will delay opening stores in India. "India is one…
Wal-Mart (WMT): How About A $300 PC?
Word is that Wal-Mart (WMT) will offer a sub-$300 back-to-school PC. Early versions may have Microsoft (MSFT) Windows but DeskTopLinux says that it will ship with Ubuntu Linux soon. Having a such an inexpensive…
Vonage New All-Time Lows, Again (VG)
Vonage Holdings Inc. (NYSE:VG) is trading as though it should be named Vonage Slippings. The company has put in 52-week and all-time lows for what looks like may end up being the third day…
Texas Instruments: Earnings Half Full or Half Empty? (TXN, BRCM, QCOM, SMH)
Texas Instruments,Inc. (NYSE:TXN) will post earnings after the close, and First Call estimates are $0.42 EPS and $3.45 billion in revenues. We usually get guidance of out of Texas Instruments, and next quarter consensus…
SIRIUS/XM Offering Programming A La Carte in FCC Filing (SIRI, XMSR)
This may or may not make a difference in the approval process of the merger between SIRIUS Satellite Radio (NASDAQ:SIRI) and XM Satellite Radio (NASDAQ:XMSR). The companies have said they will offer an a…
Verizon’s (VZ) Big Headache
Fiber was supposed to be Verizon’s (VZ) panacea. Spend $23 billion and lay down 80,000 miles of wire to 18 million homes. But, as Fortune points out fiber has one very significant problem: "Bend…
A Sneaky Deal For Cumulus (CMLS)
Cumulus Media (CMLS) is up 38% on news that the company’s CEO and Merrill Lynch Global Private Equity will pay $11.75 a share for the company. It closed Friday at $8.37. The company traded…
Credit Market Woes Killing Expedia’s Buyback Ambitions (EXPE, OWW, TZOO, PCLN)
Expedia (NASDAQ:EXPE) is showing that credit market woes (and probably online travel stock weakness) aren’t limited to its competitors. The company came clean this morning by saying it is decreasing its number of shares…
Despite Massive Share Sales Plan, Ellison Still Rules Oracle (ORCL)
There was interesting story this weekend, and that is a massive planned share sale out of chief Oracle Larry Ellison, CEO of Oracle Corp. (NASDAQ:ORCL). The numbers look massive with a more than $2…
Pre-Market Stock News (July 23, 2007)
(ABN) ABN AMRO’s bid from Barclays was raised to 67.5 Billion Euros ($93+ Billion U.S.) to try to close the deal.(ACI) Arch Coal $0.26 EPS vs $0.27 est.; guidance appears soft for next quarter.(ANX)…
Hewlett-Packard (HPQ): A 38% Premium For Opsware (OPSW), Too Much?
Hewlett-Packard (HPQ) will buy data center automation software company Opsware (OPSW) for $14.25 a share and combine it with its enterprise IT management software unit. According to the larger company: "the acquisition of Opsware…
Transocean (RIG) And GlobalSanteFe (GSF) Merge
Transocean Inc.(RIG) and GlobalSantaFe Corporation (GSF) today announced that their boards of directors have unanimously approved a definitive agreement for a merger of equals. According to the companies the aggregate total cash paid to…
Pre-Market Analyst Calls (July 23, 2007)
AFL raised to Overweight at Lehman.AMGN raised to Hold at Citigroup.ASBC cut to Underweight at Lehman.BUD raised to Hold at Citigroup.CKR started as Neutral at JPMorgan.EMN raised to Buy at Citigroup.EOG cut to Sell…