Nintendo Close to Overtaking Sony’s Size
Stock Tickers: NTDOY, SNE, AAPL There is an interesting take out of Reuters in Japan today, showing that Nintendo (NTDOY-OTC) is catching up to Sony (SNE-NYSE/ADR) in market value (market cap in U.S.). The…
All Work
Douglas A. McIntyre
Communists Give Google (GOOG) Content License
You have to love the communists. In China, to be a news distributor, a company must be approved by the country’s Ministry of Information and Industry. Google (GOOG) got this approval recently, and that…
DRAM Prices Rise, Partly on Anti-Smuggling Fight in China (MU, TSM, STX, WDC)
Stock Tickers: MU, TSM, STX, WDC DRAM chip prices have almost always had a trend…Lower prices. That isn’t always the case but over the long-term that has been the case. Earlier this month we…
Why Would Anyone Watch YouTube On An iPhone?
Apple (AAPL) has announced that it will offer 10,000 clips from Google’s (GOOG) YouTube that will play with on its iPhone when the device launches. Apple will put the video into a different format…
MGM MIRAGE, No Tracinda Buyout (MGM)
MGM MIRAGE (MGM-NYSE) is seeing shares down over 10% in pre-market activity after the company has confirmed that Kirk Korkorian’s has changed his mind about the major shareholder Tracinda Corp pursuing an acquisition of…
Pre-Market Stock News (June 20, 2007)
(ACI) Arch Coal divest Central Appalachian mining complex to Alpha Natural Resources.(ALDN) Aladdin Knowledge announced a 410M share buyback plan.(CC) Circuit City posted wider loss and withdrew guidance.(FDX) FedEx $1.96 EPS vs $1.96e.(HD) Home…
MySpace Gets Into Instant Message Business
Google (GOOG), Yahoo! (YHOO), MSN, and AOL are already in the instant messaging business, so it would seem that there is not any room left there. But News Corp’s (NWS) does not seem to…
The Ugliness The is Circuit City (CC)
Circuit City (CC) added to its disappoint run with a net sales decline of 4% to $2.486 billion for the quarter ending May 31. Income from continuing operations was even worse. The company lost…
Pre-Market Analyst Calls (June 20, 2007)
APL raised to Outperform at Credit Suisse.ARG raised to Buy at BB&T.ASVI started as Buy at Oppenheimer.BABY started as Buy at Oppenheimer.BIOD started as Buy at B of A.CEO raised to Outperform at Credit…
Morgan Stanley’s (MS) Mega-Quarter
Morgan Stanley’s (MS) earnings from continuing operations were actually up 41% to $2.6 billion on a 32% rise in net revenue to $11.5 billion. Underwriting, advisory service, and fixed income sales were up 39%…
Fedex (FDX) Takes Flight
Fedex (FDX) turned in some pretty solid numbers and blamed softness in the US economy for the fact that they were not better. Revenue of $9.15 billion, up 8% from $8.49 billion the previous…
Europe Markets 6/20/2007
Markets in Europe were higher at 5.55 AM New York time. The FTSE rose .4% to 6,679. BP (BP) was up .5% to 586.5. Prudential (PUK) was up .9% to 757.5. Vodafone (VOD) was…
Video Ad Competition For Google (GOOG)
Video start-up Blinkx will begin to offer a system that matches video advertising to video content based on specific words spoken within the content, according to Business 2.0. The move flanks Google’s (GOOG) text…
Wal-Mart’s (WMT) India Set-Back
Wal-Mart (WMT) has intended to enter the retail market in India with a partner, Bharti Group. Local law does not allow foreign companies to open large numbers of stores to compete with Indian retailers.…
A Retreat From What Microsoft (MSFT) Holds Most Dear
For more than a decade Microsoft’s OS has not only been the company’s cash cow, it has been the saber the company has used to cut into strategic markets. The OS was Microsoft’s way…
Media Digest 6/20/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Microsoft (MSFT) will alter its Vista operating system so that it works better with Google (GOOG) and other companies that have search functions for the desktop. Reuters writes that Home Depot…
Asia Markets 5/20/2007 Shanghai Down 2.1%
Markets in Asia rose. The Nikkei was up .3% to 18,212. Hitachi (HIT) was down 1.1% to 891. Sony (SNE) was down 1.2% to 6620. Yahoo Japan was down 2.2% to 42300. The Hang…
The National Bank of Wal-Mart (WMT): The Retailer Moves To Mortgages
MarketWatch reports that Wal-Mart will enter the mortgage and home equity loan businesses. The retailer has not been able to get a federal bank charter, largely because of fears that it would damage the…
Jerry Yang: Worth $1.75 Billion or -$600 Million to Yahoo!????
Stock Tickers: YHOO, GOOG, MSFT, TWX, DJ, DELL In today’s pre-market trading activity in Yahoo! (YHOO-NASDAQ), shares were up 5% and the company would have had an implied $39.5 Billion Market Cap. At yesterday’s…
Morgan Stanley Earnings Preview (June 2007)
Morgan Stanley (MS-NYSE) is expected to post earnings per share of $1.98 on revenues of $9.85 Billion. If you compare Morgan Stanley shares to last Monday’s close before we had any of the competing…