Earlybird Analyst Calls (July 12, 2007)
AZO cut to Neutral at Credit Suisse.BHE started as Buy at B of A.CELG started as Buy at Jefferies.CLS started as neutral at B of A.CMCO cut to Outperform at RBC.CTV raised to Outperform…
All Work
Douglas A. McIntyre
Will Sony (SNE) Cut PS3 Price Again?
A senior Japanese video game executive is telling Reuters that Sony’s (SNE) recent $100 price cut on the PS3 game platform will not be the last. Perhaps the consumer electronics giant will end up…
Europe Markets 7/12/2007
Markets in Europe were modestly higher at 6.50 AM New York time. The FTSE was up .2% to 6,629. BHP Billiton (BHP) was up 1.1% to 1511. Vodafone (VOD) was up .6% to 162.…
The UAW Taunts Detroit
The idea that the UAW was going to give up the ghost and concede pension and benefits issues to the Big Three to help them with their turnarounds probably had a short shelf life.…
The Frogs Buy WiMax
Alcatel-Lucent (ALU) has won the contract to build out a WiMax network in France. According to MarketWatch: "Alcatel-Lucent will equip the planned sites in the Ile de France and Provence-Alpes-Cote d’Azur regions by mid…
Another Reason Wall St. Hates GE (GE)
GE’s (GE) share price has had a bit of a run over the last three months. Until that point, the stock was flat with where it traded in July 2005. Now, two years later,…
Sony Ericsson Shows Motorola (MOT) How It’s Done
While Motorola (MOT) was burning to the ground selling only 36 million handsets last quarter, Sony Ericsson’s profits rose 54% to $303 million on revenue of $4.3 billion, up 37%. Handset shipments rose 59%…
The World’s Top Ten Web Properties, May 2007
comScore is out with it Top Ten Web Properties for May 2007. The leaders was Google (GOOG) with 528 million unique visitors during the month, almost 70% of all global web users. Microsoft (MSFT)…
June Traffic For Major Business Websites
Below are the June stats for the top 20 financial websites Top 20 Online Financial News and Information Destinations Brand or Channel Unique Audience (000) …
Media Digest 7/12/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Rio Tinto (RTP) has launched a $38.1 billion takeover bid for Alcan (AL). Reuters writes that customers at JP Morgan have been confused by opposite calls on future plans for Apple’s…
Asia Markets 7/12/2007
Markets in Asia were mixed. The Nikkei fell .4% to 17,984. NEC (NIPNY) fell 1.3% to 631. Nissan rose 1.5% to 1324. The Hang Seng rose 1.3% to 22,901. China Mobile (CHL) rose 4.4%…
Alcan (AL): Rio Tinto (RTP) By A Nose
Alcan (AL) had decided some weeks ago that it did not want to be taken over by Alcoa (AA) and made that clear to shareholders. But, the Canadian metals company had been put into…
Motorola (MOT) Bleeds To Death
It was worse for Motorola (MOT) in Q2 than even most pessimists believed. The company sold only about 35 million handsets, down from 45 million in Q1 and almost 52 million in the quarter…
An OK Quarter At Genentech (DNA)
Genentech’s (DNA) for Q2 hit $3 billion, up from $2.2 billion in the same quarter last year. Operating income hit $1.1 billion up from $.75 billion last year. Big winners in the company’s drug…
Nintendo Shows Why It’s Ahead
Nintendo today announced a game controller that is operated the user’s feet. Called the "Nintendo Balance Board", the new product allows gamers to manipulate the action on their screens while moving around and on…
Is Motorola’s (CEO) Leaving?
Motorola’s (MOT) shares are up as much as 3% on rumors that Ed Zander, its CEO, is leaving. Carl Icahn and other activists have tried to push Zander out and he has replaced key…
Yahoo!: Back To $22?
Bloomberg has written an analysis of Yahoo!’s (YHOO) business prospects that is grim. The news agency makes the argument that, after losing the search business to Google (GOOG), its is losing the display ad…
Nokia (NOK) And Skype’s Cellular Threat
Just as there is talk of the FCC opening up spectrum for companies to set up independent voice and data networks, Nokia (NOK) has announced that its adding Ebay’s (EBAY) Skype VoIP service to…
Sohu (SOHO): Video Sharing Spans The Globe
Reuters reports that Sohu.com (SOHU), the large Chinese news and information site, plans to add video-sharing as a key feature for users. The company’s CEO was quoted as saying: "The overall strategy of Sohu…
Pamplona Bulls Crush Compuware (CPWR)
Compuware (CPWR) has bad news for investors and its share price was run-over as a result. The company’s shares dropped 20% to $9.75. TheStreet.com writes: "Compuware said it expects first-quarter revenue of approximately $278…