Rupert Murdoch: Close All The Newspapers
At the end of a recent interview with Time Magazine, Rupert Murdoch suggested that the way to turn The Wall Street Journal into a huge global brand was to hire more top-notch journalists, and…
All Work
Douglas A. McIntyre
Media Digest 6/29/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, the Apple (AAPL) iPhone will hit stores today giving the mobile industry a jolt. Reuters writes that GM (GM) has sold its Allison Transmission business for $5.6 billion. Reuters reports that…
Asia Markets 6/29/2007
Markets in Asia were mixed. The Nikkei was up 1.2% to 18,138. Sony (SNE) was up 1.8% to 6330. Toyota (TM) was up 2.4% to 7800. The Hang Seng was down .4% to 21,847.…
iPhone Option Trades: “Sell The News” Strategy (AAPL)
Everyone knows how to make a bet on a stock going higher. Most know how to make bets against a stock ("Sell the News") with short selling or buying put options. But there are…
Sirius Retirement Plan Hurt By Its Share Price (SIRI, XMSR)
It is always interesting to see how pension and employee 401K assets are doing when they have heavy stock weightings, and the SIRIUS Satellite Radio Holdings Inc. This is not an actionable event for…
Research-in-Motion Spanks Palm (RIMM, PALM, AAPL, T)
It was a toss-up last as to which was going to do better as a stock this quarter, but the after hours reactions to earnings isn’t even close. Palm (PALM-NASDAQ) is down to flat…
Tivo (TIVO) Gets A Break
Just three days before a deadline for Comcast (CMCSA) to continue its license of Tivo’s DVR software, the two companies have come to an agreement. Lucky for Tivo (TIVO). The initial reaction has shares…
Palm’s (PALM) Bad News
As Palm (PALM) reported its most recent quarter, the company CEO said: I’m confident that in fiscal year 2008 more and more standard handset customers will demand the capabilities and ease of use of…
Limelight (LLNW) And Bigband (BBND) Lead The 52-Week Low Club
Limelight (LLNW) IPO was recently. In the business of storing and streaming data and video content over the internet. Concerns about patent violations. Drops to $15.82 from recent high of $24.33. Bigband Networks (BBND)…
Limelight (LLNW) And Akamai (AKAM): Crystal Ball Play Of The Day
Wall St. has to love Cowen & Co. digging up some expert witness in the patent infringment suit against Limelight (LLNW) by Akamai (AKAM). The fellow says that the chances in favor of Akamai…
FOMC Decision: Rates Steady (June 28, 2007)
As expected, we saw no rate change today. As a reminder, we won’t have another meeting until August 7. Here is today’s statement from the FOMC: The Federal Open Market Committee decided today to…
Did Starbucks Find a Bottom? (SBUX)
This morning Starbucks shares are traded higher, thanks to it being upgraded at Thomas Weisel Partners to Overweight from Market-Weight with a $34.00 target. The note points to the recent stock price and management…
Claymore Launches Large-Cap Value ETF (CLV)
Claymore Securities, Inc. today announced the launch of the Claymore/Robeco Boston Partners Large-Cap Value ETF (CLV-AMEX). The ETF tracks an index designed to identify a group of stocks that display characteristics with the potential…
How GM’s (GM) Stock Doubled
Consider this. Since late December 2005, GM’s (GM) stock has doubled to about $38. With all of the excitement about the sale of Chrysler, Daimler’s (DCX) stock is up 80%. Ford (F) and Toyota…
CryoCor Regains Lost Ground; FDA Remains Unpredictable (CRYO)
CryoCor Inc. (CRYO-NASDAQ) is trading up almost 100% in early trading today. Last night the company announced that an FDA Advisory Panel had recommended backing the company’s pre-market approval application for the company’s treatment…
FTC Ready to Kill Net Neutrality? (T, VZ, CMCSA, TWC)
Stock Tickers: T, VZ, CMCSA, TWC Last night it was a little surprising to see the FTC saying that there was no need for regulation of net neutrality. The FTC’s Deborah Platt Majoras apparently…
Stockvolcano.com and Shotpak (SHTP): Troubling Partnership
Here’s an outfit running advertising on the front page of WSJ.com. It’s called Stockvocano.com: "bringing stocks before they erupt.:" Holy cow. The featured stock at Stockvolcano is a firm called Shotpak (SHTP.PK). The company…
TASER & iRobot: Creating the Terminator? (TASR, IRBT)
TASER International, Inc. (TASR-NASDAQ) has announced a strategic alliance with iRobot Corp. (IRBT-NASDAQ) to develop a new robotic capability utilizing TASER(r) technologies. This combination of capabilities is intended to allow law enforcement, federal, and…
Pre-Market Stock News (June 28, 2007)
(AAPL) Apple’s iPhone launches tomorrow.(ABPI) Accentia Biopharma announced favorable interim blinded data on SinuNase in its fast-tracked pivotal Phase III clinical trial.(ALVR) Alvarion in pact with Australian government over a WiMAX contract for rural…
Pre-Market Analyst Calls (June 28, 2007)
ACL raised to Buy at Goldman Sachs.ANDW cut to Neutral at Baird.CRWN started as Buy at Oppenheimer.CSCO raised to Buy at Merrill Lynch.DNA reiterated Buy at Goldman Sachs with $102 target.ENOC started as Hold…