Earlybird Analyst Calls (MAR 28, 2007)
ACN raised to Buy at Stifel Nicolaus.AQNT started as Buy at A.G.Edwards.BRC cit to Mkt Weight at Thomas Weisel.BSC started as Overweight at Lehman.CBA cut to Neutral at JPMorgan.C raised to Buy at B…
All Work
Douglas A. McIntyre
eTelecare IPO Pricing: Offshore Call Center
eTelecare Global Solutions, Inc. (ETEL-NASDAQ) priced its initial public offering of 5,500,000 American Depositary Shares at a price of $13.50 per ADS, within the $12.50 to $14.50 price range. Each ADS represents the right…
US Government Wants Open Cell Market In China
The US Department of Commerce is crying about China’s plan to use a local standard for next generation cell service. It argues that the move does not give consumers a choice. According to The…
AT&T Customers Want iPhone, Or Do They?
According to The Financial Times, AT&T (T) has received expressions of interest in buying iPhones (AAPL) from about one million customers. But, random expressions of interest do not translate into sales. The iPhone is…
Europe Markets 3/28/2007 BP Up
Stocks: (BCS)(BP)(BT)(GSK)(PUK)(RTRSY)(UN)(VOD)(BAY)(DCX)(DB)(DT)(SAP)(SI)(ALU)(AXA)(FTE)(STM)(V) Markets in Europe are off slightly at 6.25 AM New York time. The FTSE is down a fraction at 6,292. Barclays is up 1% to 733.5. BP is up 1.9% to 554.…
Europe Won’t Be So Easy For Toyota
Forbes car expert Jerry Flint says that Toyota (TM) is making gains in Europe. With a market share of 6.3% that may be true, although it is well short of the 15% plus that…
GM And UAW Gang Up On Daimler
Reuters reports that The Times has found out from sources inside GM (GM) that it will not bid for Daimler unit (DCX) Chrysler. It is concerned that it cannot take on the excess capacity.…
HP Uses Patent Law As Competitive Weapon
Hewlett-Packard (HPQ) has sued rival PC-maker Acer for patent infringement. According to Reuters the "patents relate to optical data storage, circuits and methods for reducing computer system power consumption, multiple processors in computer systems,…
Media Digest 3/28/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, media reports indicate that GM (GM) will not make a bid for the Chrysler unit of DaimlerChrysler (DCX) Retuers reports that Hewlett-Packard (HPQ) is suing PC company Acer in a move…
Asia Markets 3/28/2007 Honda Down, China Netcom Up
Stocks: (CAJ)(FUJ)(NIPNY)(HIT)(HMC)(SNE)(TM)(CHL)(CHU)(CN)(PCW)(HBC) Asian markets were off. The Nikkei fell .8% to 17,255. Bridgestone fell 1.5% to 2365. Canon fell .9% to 6410. Fuji Film was flat at 4860. Hitachi was up .8% to 910.…
Analyzing Lennar (LEN)
By Yaser Anwar, CSC of Equity Investment Ideas LEN reported that net income fell 73% to $68.6 million, 43 cents a share vs. $258.1 million $1.58 a share in 06, on revenue of $2.79…
Predictable Futures
From Ticker Sense We wanted to see how well the pre-market futures have been able to predict the market’s performance from open to close on a daily basis. To do this we took the…
MDP: More Restructuring for Meredith Corporation
By William Trent, CFA of Stock Market Beat When Meredith Corporation (MDP) reported earnings, we noted: This was slightly ahead of expectations, due in part to strong advertising trends. However, the guidance was ever…
TECD: Tech Data Wins Corporate Gibberish Award
By William Trent, CFA of Stock Market Beat In 1998 the U.S. Securities and Exchange Commission passed a rule requiring issuers to relate their business in plain english when issuing prospectuses. If they expected…
ACN: Did Accenture’s Guidance Increase Fall Short of Analyst Estimates?
By William Trent, CFA of Stock Market Beat Accenture Reports Strong Second-Quarter Fiscal 2007 Financial Results: Financial News – Yahoo! Finance Accenture (ACN) reported strong financial results for the second quarter of fiscal 2007,…
Tuesday’s Top Biotech & Medical Stocks
From BioHealth Investor by H.S. AyoubBioHealth Investor.com Biotechnology NUVELO INC NEW +24.92% NEOSE TECH INC +20.67% CARDIOVASCULAR BIOTH +18.18% CV THERAPEUTICS I +17.93% REGENERON PHARMACE +14.88% Diagnostic Substances AVANT IMMUNOTHERAP +10.53% QUIDEL CP +7.43%…
eXegenics: Dr.Frost Continues His Hot Hand
by H.S. AyoubBioHealth Investor.com Back in February, I recommended investing in Continucare (CNU) after doctor Phillip Frost, founder of Ivax Corporation, purchased shares of the healthcare company. I also explained how it seemed that…
StreetInsider.com After-Hours Movers 03/27
Beazer Homes USA Inc. (NYSE: BZH) 14% LOWER; reports from BusinessWeek the FBI is investigating the company on possible lending fraud. iMergent, Inc. (AMEX: IIG) 8% HIGHER; increased guidance with respect to Net Dollar…
Dendreon’s Last Day (Ahead of the FDA)
Dendreon (DNDN-NASDAQ) has only 1 trading day left before its FDA panel meeting over the potential backing of its Provenge tomorrow. The FDA issued some critical postings last night ahead of its review that…
Sun’s Relaunch of Sparc Sounds D.O.A. (SUNW)
Late yesterday Sun Microsystems (SUNW-NASDAQ) made an announcement that was a bit lost in the shuffle. The company announced a formation of a Microelectronics group, which will be led by its own Dr. David…