Motorola (MOT): No Joy In Mudville
The crowd at CIBC World Markets believes that Samsung could pass Motorola (MOT) as the world’s second largest handset manufacturer behind Nokia (NOK). The bank thinks MOT’s market share could drop to just above…
All Work
Douglas A. McIntyre
Generex Biotechnology (GNBT): Nice Wild Speculation
Generex Biotechnology (GNBT) describes itself as "the leader in drug delivery for metabolic diseases through the inner lining of the mouth". Not a leader, the leader. Today, a small investment bank outfit called Rodman…
Blackstone Closes $8 Billion ‘Extended Stay’ Sale Ahead of IPO
Blackstone has completed its sale announced two months ago of Extended Stay America for some $8 Billion to The Lightstone Group. Considering that Blackstone paid $2 Billion in equity and assumed another $1 Billion…
Dow Jones (DJ): Stock Downgraded
Goldman Sachs downgraded Dow Jones (DJ) on potential weakness in its Wall Street Journal and local media properties. The bank cut its earnings forecasts for the quarter and the year. The perception that earnings…
GE (GE) Watch: Good Press And Break-Up Rumors Don’t Help
Between the good press GE (GE) received in Barron’s recently and a little run due to break-up talk, Wall St. would think the conglomerate’s stock might hold its ground. But, it hasn’t worked out…
Starbucks Partially Ditched for McDonalds by Goldman Sachs (SBUX, MCD)
This morning Goldman Sachs has made several changes to its Americas Conviction Buy List, but the most interesting change was the dropping of Starbucks (SBUX). Goldman Sachs said it was adding McDonald’s (MCD) as…
Yahoo! 2007 Shareholder Meeting: Can Semel Survive? (YHOO, GOOG, MSFT, AQNT)
Today is the highly-awaited Yahoo! (YHOO-NASDAQ) shareholder meeting, and the media focus isn’t on Google (GOOG-NASDAQ) and Microsoft (MSFT-NASDAQ) and the bulk of the online advertising deals that have been made. The media focus…
Lehman Sails Past Estimates (June 12, 2007) (LEH)
Lehman Brothers (LEH-NYSE) has reported Q2 2007 earnings. The company posted $2.21 EPS and Revenues $5.51 Billion versus street estimates of $1.88 EPS and $4.97 Billion. The results saw a 55% jump in investment…
Pre-Market Analyst Calls (June 12, 2007)
BRY raised to Buy at Goldman Sachs.CBH cut to Neutral at Oppenheimer.CENX cut estimates at Goldman Sachs.CPNO started as Buy at UBS.DJ lowered estimates at Goldman Sachs.ECL raised to Outperform at Credit Suisse.FMS started…
Deutsche Telekom (DT) Likes Its US Cell Operation
Deutsche Telekom (DT) sees no reason for dumping its US operation, T-Mobile. After a push by investors in Vodafone (VOD) to sell its piece of Verizon Wireless, they may want to look again. DT…
Oil Pushes The Elevator Up Button
Oil demand is going up. But supply is probably not So says the International Energy Agency. Demand is expected to rise by 2% in 2007. According to Marketwatch: The IEA said "hopes for moderation…
Pre-Market Stock News (June 12, 2007)
(ACAS) American Capital announced a 17 million stock offering, 12 million of which are from the company and 5 million are from shareholders.(ACLI) American Commercial Lines lowered guidance; announced a $200M share buyback plan.(ASPM)…
Earlybird Analyst Calls (June 12, 2007)
CPNO started as Buy at UBS.ECL raised to Outperform at Credit Suisse.FMS started as Outperform at Wachovia.GNBT started as Outperform at Rodman & Renshaw.GLUU started as Buy at Kaufman.JDSU raised to Outperform at Bernstein.JOSB…
Europe Markets 6/12/2007
Markets in Europe were down slightly at 6.20 AM New York time. The FTSE fell .1% to 6,563. BP (BP) was up 1.1% to 575. GSK (GSK) was down .6% to 1312. The DAXX…
Texas Instruments (TXN): Better Than Forecast
Wall St. was disappointed by the Texas Instruments (TXN) mid-quarter forecast and cut the stock down after hours. The company said sales for the Q would be in the range of $3.36 billion to…
Cable VOD: More Ugliness For Blockbuster (BBI) and NetFlix (NFLX)
Warner Brothers will begin national simultaneous release of its films on DVD and VOD. If the trial works, many of its films could show up on home televisions the same day they are available…
Nokia (NOK) Suit Hits Qualcomm (QCOM) Where It Lives
Nokia (NOK) has filed another suit against Qualcomm (QCOM), one more battle in the long war between the two companies. Nokia is Qualcomm’s largest customer, but has become sick of paying high licensing fees…
YouTube’s New Content Filter
Google’s (GOOG) YouTube has come up with a new content filter called "fingerprinting". It uses software to find content with data supplied from major media companies. The video-sharing site will test the product with…
Apple’s (AAPL) Browser: A Trojan Horse?
Apple’s (AAPL) idea of making its Safari browser available for Windows so that it will run on PCs did not get much of a reception. The browser only has about 5% of the market,…
Media Digest June 12, 2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Citigroup (C) has raised its stake in Japan broker Nikkei Cordial to 68%. Reuters writes that floor brokers at the New York Stock Exchange (NYX) will be permitted to have access…