Sun (SUNW) Rises In China
Sun Micro (SUNW) is walking around saying the China will be its next big market. Fancy that. One Sun executive told Reuters that "For most of the (established Asia markets) we do expect a…
All Work
Douglas A. McIntyre
Sony (SNE) Looks For Way Out Of PS3 Troubles
Sir Howard Stringer, CEO of Sony (SNE), probably give the FT a lot of interviews because of his British title. In the latest one, Stinger said that the company is looking for ways to…
Apple (AAPL) Iphone Sends Sprint (S) And T-Mobile To Fox Holes
It can’t be fun to be No.3 or No.4 in a market and have your larger competitors step on your head one more time. A survey just out shows that a number of cell…
The Old People At Sony (SNE) Get Into Web Video
Sony (SNE) TV has come up with a novel idea. It will let consumers watch five minute versions of TV golden oldies including "Diff’rent Strokes" and "The Partridge Family" on MySpace. Honda will run…
Media Digest 6/15/2006 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, the FTC will look at Microsoft’s (MSFT) purcahse of aQuantive (AQNT) and Yahoo!’s (YHOO) buyout of Right Media with a eye toward anti-trust concerns. Reuters writes that the US Senate is…
Asia Markets 6/15/2007
Markets in Asia moved up. The Nikkei rose .7% to 17,971. Honda (HMC) was up 1.9% to 4350. Softbank was up 1.8% to 2766. Toyota (TM) was up 1.6% to 7690. Yahoo Japan was…
Microsoft (MSFT) And Yahoo! (YHOO) Get FTC Once Over
The FTC has decided to review the Yahoo! (YHOO) purchase of Right Media as well as Microsoft’s (MSFT) purchase of aQuantive (AQNT). The move comes after a review of Google’s (GOOG) acquisition had already…
Getting Ready For a CROCS Split (CROX)
Despite a myriad of employees and all the automatic trading systems updates at the exchanges and at every brokerage firm and quote feed, it’s amazing how often traders walk in one morning and try…
ETF Winners & Losers (June 14, 2007)
DJIA 13,553.73; +71.38 (0.53%)….DIAMONDS Trust (DIA) +0.67%S&P500 1,522.97; +7.30 (0.48%)…SPDRs ‘Spyders’ (SPY) +0.64%NASDAQ 2,599.41; +17.10 (0.66%)….NASDAQ 100 PowerShares QQQ (QQQQ)…
Adobe (ADBE) Beats Estimates, But Traders Question In-Line Guidance
Adobe Systems Inc. (ADBE-NASDAQ) has reported earnings at $0.37 EPS non-GAAP and revenues of $745.6 million, compared to First Call estimates of $0.35 EPS and $728.2 million revenues. Adobe’s proior second quarter revenue target…
Sanofi-Aventis (SNY) Joins The 52-Week Low Club
The market rally thinned out the membership a bit. Melco PBL (MPEL) Casino company still fighting concerns that Chinese government will restrict travel to Macau. Drops to $12.01 from 52-week high of $23.55. Diversa…
Cramer on Hotels, Electronic Retailer, and a Broker
Stock Tickers: WYN, MAR, BBY, MS On today’s STOP TRADING segment on CNBC, Jim Cramer came out discussing Best Buy (BBY-NYSE) ahead of next week’s earnings and said he doesn’t think there is a…
XM & SIRIUS Get ‘Former FCC Economist’ Backing the Merger (XMSR, SIRI)
It looks like XM Satellite Radio (XMSR-NASDAQ) and SIRIUS Satellite radio (SIRI-NASDAQ) are going hard and fast on the offensive, or at least as far as turning on the press release machines. The company…
Progressive Fights the Caveman: Recapitalization, Dividend, Buyback (PGR)
The Progressive Corporation (PGR-NYSE) has figured out a way to rekindle a flame under its stock: the classic recapitalization and shareholder-friendly initiatives. Holders of record on August 31 will receive a special $2.00 dividend…
The Slaughter House, Q2 Earnings Bleeders: Ford (F)
The turnaround at Ford Motor Company (F) is not coming. Even some members of the storied Ford family want out. According to an account in The Wall Street Journal: "Of the $500 million or…
New York Times (NYT): Internet Revenue Can’t Help Enough
Advertising revenue at The New York Times Company (NYT) fell a significant 8.5% in May to $157.3 milllion. At the flagship New York Times Media Group, it dropped 9.1%. At the New England Media…
Clearwire Scores with EchoStar & DirecTV Satellite Pacts (CLWR, DTV, DISH)
Clearwire Corp. (CLWR-NASDAQ) has done perhaps one of the best things it could have done: it partnered with both Echostar (DISH-NASDAQ) and DirecTV (DTV-NYSE). The agreement enables both satellite companies to offer Clearwire’s high-speed…
Adobe (ADBE) Earnings Preview: Priced For Perfection (June 14, 2007)
Today after the market close, we’ll see Adobe Systems Inc. (ADBE-NASDAQ) report earnings for its Q2 2007. First Call estimates were $0.35 EPS and $728.2 million revenues. On the earnings per share, Wall Street…
Bear Stearns & Goldman Sachs: Not All Earnings Blow-Outs (BSC, GS)
Bear Stearns (BSC-NYSE) $2.52 EPS net, but on an adjusted basis it is $3.40 EPS versus $3.50 estimate; Revenues were $2.51 Billion versus $2.33 Billion estimate. The annualized return on common stockholders’ equity for…
Pre-Market Stock News (June 14, 2007)
(APPAD) AP Pharmaceuticals announces the pricing of its underwritten public offering of 21.2 million shares of its common stock at a public offering price of $1.65 per share.(BBND) Bigband Networks announced order for its…