Will Wal-Mart (WMT) Kill Best Buy (BBY)?
Sometimes the media will take a little bit of news and carry it too far. CNN Money recently speculated that because Wal-Mart had good sales in consumer electronics during the four weeks ending July…
All Work
Douglas A. McIntyre
The FT And CNBC: A Poor Man’s Guide To Buying Dow Jones (DJ)
No one wants to pay $5 billion to buy Dow Jones (DJ), except Rupert Murdoch. Part of the logic behind his News Corp (NWS) owning that financial information company is that it can be…
Google’s Australia Problem
Australia may be a former penal colony, but it is about to give Google (GOOG) fits that could spread elsewhere. According to the FT, The Australian Competition and Consumer Commission wants to “restraining Google…
Why Facebook Is Worth $0
CNN Money used the number $10 billion when talking about the valuation of Facebook, the social network.There was a bit of joking in that. Yahoo! (YHOO) apparently considered a $1 billion bid less than…
EMC Hints At VMWare IPO Date/Terms/Expectations & Sets Employee Exchange Ratios (EMC, VMW, INTC)
EMC Corp. (NYSE:EMC) has made an SEC Filing for the proposed dates and averages used to calculate employee share and options exchanges from EMC to VMWare (NYSE:VMW) ahead of the IPO. The final calculated…
IPO Filing: Intellon Corporation (ITLN), IC’s For Electric Wires
Intellon Corporation has filed to come public via an IPO on NASDAQ under the ticker "ITLN." Intellon is a entirely-fabless semiconductor company that designs and sells integrated circuits (ICs) for high-speed communications over existing…
Blank Check IPO Filing: Triplecrown Acquisition Corp. (EDA)
Triplecrown Acquisition Corp. has filed to come public as a ‘blank check’ or SPAC (special purpose acquisition company). Triplecrown is a newly organized blank check company formed for the purpose of acquiring one or…
Media Digest 7/13/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Energizer (ENR) will buy Playtex (PYX) for just under $1.2 billion. Reuters writes that GE (GE) plans to sell its WMC mortage unit. Reuters reports that Boeing’s (BA) orders for the…
Asia Markets 7/13/2007
Markets in Asia were up sharply. The Nikkei rose 1.4% to 18,239. Honda (HMC) was up 2.5% to 4590. NTT (NTT) was up 2.5% to 542000. The Hang Seng was up 1.3% to 23,096.…
Playtex’s Odd Acquisition By Energizer (PYX, ENR, PG)
If you thought roll-up mergers expanding into new lines had gone the way of concentrating on core operations, guess again. Playtex Products Inc. (NYSE:PYX) is being acquired by Energizer Holdings Inc. (NYSE:ENR) in perhaps…
What To Expect After Mackey’s Blunder (WFMI, OATS)
We have covered Mackey’s gaff a couple times already, but this situation is going to go far beyond mackey himself. After Whole Foods (NASDAQ:WFMI) CEO John Mackey was busted for using the Yahoo! Message…
The 52-Week Low Club
Westwood One (WON) CEO at radio company leaving. Down to $5.83 from 52-week high of $8.46. American Home Mtg (AHM) Dragged down more by real estate market. Down to $14.01 from 52-week high of…
Earnings Preview: General Electric Q2 2007 (GE)
Tomorrow morning, we should get the second quarter earnings results for General Electric (NYSE:GE). The estimates are $0.52 EPS and $41.7 Billion according to First Call. GE frequently gives guidance, so here is the…
Foster Wheeler: Good News, Bad News (FWLT, DOW, KBR, QQQQ)
Heavy construction and engineering giant Foster Wheeler (NASDAQ:FWLT) got some bad news today: it was beaten out by KBR, Inc. (NYSE:KBR) for a project management and front-end engineering and design contract on Saudi Arabia’s…
Whole Foods, Mackey, & ‘rahodeb’: Full 7 Year History of Message Board Posts (WFMI, OATS)
We wanted to look farther into what John Mackey of Whole Foods (NASDAQ:WFMI) really said on his Yahoo! message boards. The truth is that when you look through the links here under the full…
Eldorado Gold (EGO): Two Views: Big Difference
Eldorado Gold (EGO) is being pilloried because a court shut one of its mines in Turkey due to potential environmental problems. The company’s shares are down 25% today to $5. But, before the news…
What Is Whole Foods Going To Do About CEO Mackey Using Online Alias Postings? (WFMI, OATS)
Whole Foods (NASDAQ:WFMI) is seeing shares indicated down about 1.5% after an interesting development where its CEO John Mackey used an online handle of "rahodeb" to attack rival Wild Oats (NASDAQ:OATS) from 1999 to…
Is Microsoft (MSFT) Catching Yahoo! (YHOO) In Search
A post at TechCrunch uses numbers from Compete.com to show that Microsoft’s (MSFT) share of the search market is getting close to Yahoo!’s (YHOO). Almost no one uses Compete’s figures, preferring data from industry…
Pre-Market Stock News (July 12, 2007)
(AA) Alcoa trading up 6% after Rio Tinto gave a higher rival bid over Alcoa’s buyout offer for Alcan.(AAON) AAON announced a 3 for 2 stock split.(AL) Alcan gets a rival $38.1 Billion bid…
Wal-Mart (WMT) Gets A Lift, Dell (DELL) As Well
Wal-Marts’ (WMT) same-store sales were up more than most analysts thought they would be, rising 2.9% in the four weeks ending July 7. Grocery sales did well, but electronics did better. "Sales of flat…