AuthenTec Prices IPO (AUTH)
AuthenTec (AUTH-NASDAQ) priced its 7.5M share IPO at $11.00, at the top of the $9.00 to $11.00. Lehman Brothers was the lead manager, with co-managers listed as Bear Stearns, Montgomery & Co., Cowen &…
All Work
Douglas A. McIntyre
Pre-Market Stock News (June 27, 2007)
(ANDW) Andrew Corp being acquired for $15.00 per share.(APOG) Apogee Enterprises $0.34 EPS vs $0.23e; unsure if comparable.(AUTH) AuthenTec priced its 7.5M share IPO at the top of the $9.00 to $11.00 range for…
Pre-Market Analyst Calls (June 27, 2007)
BRKR raised to Peer Perform at Bear Stearns.CYT raised to Buy at Goldman Sachs.FFIV cut to Neutral at Baird.FIRE raised to Buy at Jefferies.KSS raised to Outperform at Baird.MLNM raised to Mkt Perform at…
Spreadtrum Communications Prices IPO (SPRD)
Spreadtrum Communications (SPRD-NASDAQ), priced its 8.9 million share IPO of ADR’s at $14.00. This was above the range of $11.00 to $13.00 and above the original 8.8 million shares expected. Morgan Stanley, Lehman Brothers,…
comScore Prices IPO: 5.3 Million Shares at $16.50 (SCOR)
comScore, Inc. (SCOR-NASDAQ) priced its 5.3 million share IPO at $16.50 per share, with 5.0 million shares coming from the company itself and 300,000 shares coming from selling shareholders. Credit Suisse and Deutsche Bank…
Europe Markets 6/27/2007
Markets in Europe fell at 6.40 AM New York time. The FTSE was off .3% to 6,537. BHP Billiton (BHP) fell 2.9% to 1344. British Airways (BAB) rose 2.1% to 428.5. BT (BT) rose…
Wi-Fi Threatens Cell Phone Business With WiMax To Come
More and more cell phones can access WiFi, allowing the phones to work in cellular dead zones, and potentially saving consumers money by avoiding using cell networks altogether. The Wall Street Journal writes: "Operators…
Amazon (AMZN): Another Act To Justify Its Share Price
With its stock up 70% over the last three months to a seven-year high, the rabbits need to keep coming out of Amazon’s (AMZN) hat. Recently the company announced its new movie download service,…
Short Interest: NASDAQ Semiconductor Stocks (June, 2007)
Stock Tickers: QQQQ, NVDA, MXIM, AMAT, INTC, KLAC, MCHP, SNDK, ISIL, ALTR, ATML, LLTC, NVLS, ONNN, XLNX, IDTI This pretty much confirms the rise in the June-2007 short interest of NYSE-listed chip stocks that…
Media Digest 6/27/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Bear Stearns (BCS) will put its CFO into a job overseeing its troubled hedge funds. Reuters writes that the Swedish government will review the Nasdaq’s (NDAQ) purchase of Nordic bourses owner…
Asia Markets 6/27/2007
Markets in Asia fell, but Shanghai was up The Nikkei was off 1.2% to 17,849. Canon (CAJ) fell 2.3% to 7210. Sony (SNE) fell 2.2% to 6260. Toyota (TM) fell 1.7% to 7550. The…
Nasdaq Short Interest, June 2007
Below are the major short interest positions for stocks traded on Nasdaq for the period ending June 15 compared to comparable numbers for May. Company …
NASDAQ Tech “Horsemen” Short Interest (June 2007)
Stock Tickers: MSFT, CSCO, DELL, INTC, GOOG, AAPL, RIMM, AMZN, QCOM, ORCL, YHOO By and large there was a noticeable increase among the NASDAQ’s Four Horsemen in June short interest compared to that in…
Nuvelo Loses Bayer as Development Partner in Stroke Treatment (NUVO, BAY)
Nuvelo, Inc. (NUVO-NASDAQ) dropped the bomb today with the announcement that it will resume development of alfimeprase, its lead investigational product candidate for the potential treatment of multiple blood clot-related disorders such as acute…
ETF Winners & Losers (June 26, 2007)
DJIA 13,337.66; -14.39 (0.11%)NASDAQ 2,574.16; -2.92 (0.11%)S&P500 1,492.89; -4.85 (0.32%)10YR-Bond 5.101%; +0.023NYSE Volume …
Oracle Beats But Guidance Not Until Later (ORCL, IBM, SAP)
Oracle Corp. (ORCL-NASDAQ) has posted non-GAAP EPS of $0.37 and revenues of $5.8 Billion. This compares to estimates of $0.35 on a non-GAAP basis on consolidated revenues of $5.615 Billion. The company gave prior…
Blackstone (BX) Joins The 52-Week Low Club
Blackstone (BX) It did just go public, but it should be doing better than this. $30.32, down from $38. W Hldg (WHI) Bank holding company says one of its asset-backed loans is "impaired". Drops…
Dell’s Technicolor Dreamcoat (DELL)
Sometimes companies do things that seem silly and are not, and other times they do things that make all the sense in the world. You’ll have to decide for yourself if you think this…
Starbuck’s (SBUX): Would You Like A Salad With That Stock Price?
It’s official. You can now get salads and pasta at lunch at a number of Starbucks (SBUX) stores. It will probably bring in about as many people at the new Paul McCartney album. Wall…
Oracle Earnings Preview; June 26, 2007 (ORCL, CRM, MSFT, SAP)
Oracle Corp. (ORCL-NASDAQ) is set to report earnings right after the close of trading today. The enterprise software behemoth is expected to post EPS at $0.35 on a non-GAAP basis on consolidated revenues of…