3Com Marches On
Yesterday, 3Com (COMS-NASDAQ) rallied close to 10% after Citadel (huge Chicago hedge fund) disclosed that it was holding an 8.4% stake AND a letter to the company requesting a meeting with the management team…
All Work
Douglas A. McIntyre
What Are Dendreon Options Saying Now?
Dendreon (DNDN-NASDAQ) has already been noted as a bust this morning by us and by everyone else. Even the Sub-Saharan Africa nations have noticed it, and this 10-point drop in the stock may force…
Financial Blog News Around The Web (MAY 9, 2007)
Stock Tickers: AAPL, TXN, GE, GOOG, DELL, CSCO, BRCM TechCrunch noting some interesting changes in Web search possibilities in a Google (GOOG) search-dominated world.. Is eBay (EBAY) going to buy StumbleUpon as previously reported?…
Coming to Rackable Systems’ Defense (RACK)
Rackable Systems (RACK-NASDAQ) is a stock that probably doesn’t need reminding about a weak stock, and calling it weak may be far too kind. Just yesterday the company settled some patent litigation with Super…
Will Berkshire Hathaway Lower Its Buyout Standards?
Berkshire Hathaway (BRK/A) may be setting its sights lower as far as the size of a merger it would pursue. Reuters has reported that Warren Buffett gave an interview to a Swiss newspaper called…
Pre-Market Stock News (May 9, 2007)
(ARRO) Arrow International formed a special committee to evaluate strategic alternatives.(ASN) Archstone $0.50 EPS vs $0.51e.(AT) Alltel is being considered by private equity as a takeover target.(AZPN) Aspen Tech $0.17 EPS vs $0.15e.(CCRT) ComuCredit…
Earlybird Analyst Calls (MAY 9, 2007)
AU cut to Neutral at Prudential.AUO cut to Equal Weight at Lehman.BFPH started as Buy at Oppenheimer.BRKS cut to Peer Perform at Bear Stearns.CCRT …
Is Gateway Even Relevant?
Gateway Inc. (GTW-NYSE) is just missing the entire point of being an operating company. The company posted another loss last night with a net loss of $8.6 million, or -$0.02 EPS on revenues of…
Dendreon Nailed by FDA with a “Request for More Information” and “Approvable Letter”
Dendreon Corporation (DNDN-NASDAQ) was hammered this morning. It received a Complete Response Letter from the FDA that is the equivalent of an "approvable letter" with a request for additional clinical data for Provenge in…
A General Electric Break-Up STILL a Bad Idea (GE)
The Wall Street Journal is reporting that there is still some shareholder pressure to break-up General Electric (GE-NYSE). This is partly modeled on the ongoing Tyco (TYC-NYSE) break-up, but the idea is stupid and…
Overseas Market News (MAY 9, 2007)
VALUE CHANGE % CHANGENIKKEI 17,748.12 91.28 0.52%Shanghai Comp 4,013.08 …
Yesterday’s After-Hours Movers (May 9, 2007)
Stock Tickers: MDRX, CSCO, CCRT, ERTS, LMIA, PAL, PZZA, FACE, SIRI, SONS, TRLG, DIS Allscripst Healthcare Solutions (MDRX) is trading…
Cisco’s Misplaced Video Bet
Cisco’s (CSCO) message with the release of its earnings was video, video, video. The company’s set-top box operation, formerly Scientific Atlanta, contributed net sales of $752 million during the third quarter of fiscal 2007,…
Disney: Wall St. Misses The Theme Park Point
Wall St. did not think much of Disney’s (DIS) earnings. The stock moved down over 2% to about $35.90 after the company announced its latest quarter. The company still trades near its 52-week high.…
After-Hours Movers & Shakers (May 8, 2007)
Stock Tickers: MDRX, CSCO, CCRT, ERTS, LMIA, PAL, PZZA, FACE, SIRI, SONS, TRLG, DIS Allscripst Healthcare Solutions (MDRX) is trading down over 6% to $25.25 after eraffirming targets after earnings. Its shares are still…
Cramer’s Stealthy Nickel Play (PAL)
On tonight’s Mad Money on CNBC, Jim Cramer said the bull market is stronger in nickel than in the US stock market and he wants you to look at a new nickel pick. The…
First Look at Cisco After the Conference Call (May 8, 2007)
Cisco Systems (CSCO-NASDAQ) shares are trading lower after the company’s post-earnings conference call. The company has guided revenues in the $9.2 to $9.3 Billion range with gross margins still at 64%. The First Call…
Dendreon Option Premiums Remain Astronomical (DNDN)
Dendreon (DNDN-NASDAQ) has only up to 4 full trading before that May 15 FDA review date. The funny thing here is that the options have actually become more expensive since reporting on this last…
Electronic Arts Earnings & Guidance
Electronic Arts (ERTS-NASDAQ) reported non-GAAP EPS of $0.06 on $613 million in revenues versus estimates of $0.02 & $587M. The company gave guidance of non-GAAP EPS -$0.34 to -$0.40 and $350 to $400 million…
Cisco Beats, But Not By Enough
Cisco Systems (CSCO-NASDAQ) reported earnings of $0.34 non-GAAP EPS on revenues of $8.9 Billion versus estimates of $0.33 & $8.76B. Margins were approximately 64.5% versus 65% estimates. Scientific-Atlanta, Inc. contributed net sales of $752…