Analyst Calls (JAN 12, 2007)
ALD raised to Buy at B of A.AMD cut to Underweight at Morgan Stanley, cut to Peer Perform at Bear Stearns, cut to Underweight at Prudential, cut to Hold at Citigroup.AVR started as Neutral…
All Work
Douglas A. McIntyre
Fort Apache For Big Pharma
In a sign that large pharma companies may try cooperating instead of competing as generic drug companies come for their business, AstraZeneca (AZN) and Bristol-Myers (BMY) will jointly market two new diabetes drugs. The…
Enterprise Software Companies Get Thrashed
SAP missed Q4 numbers. It stock fell 10%. Revenue was below Wall St. estimates and software license revenue was up only 11%. The firm had earlier guided to 15% to 17%. Oracle, SAP’s top…
Send The Stents To Europe, They’ll Try Anything
Boston Scientific (BSX) is beginning to market its new drug-coated stent in Europe. After the firestorm of criticism in the US about whether drug-coated stents can cause clotting and heart problems, maybe launching overseas…
Europe Markets 1/12/2007 Unilever, Bayer Up, SAP Down 8%
Stocks: (BCS)(BP)(BT)(GSK)(PUK)(RTRSY)(UN)(VOD)(BAY)(DCX)(DB)(DT)(SI)(SAP)(ALU)(AXA)(FTE)(V) Markets in Europe were flat at 6.10 AM New York Time. The FTSE was flat at 6,230. Barclays was down .2% to 759.5. BP was down .5% at 534.5. BT was down…
iPhone Or No, Jobs Faces The Music
The Feds are not done with Steve Jobs. Someone on the West Coast could become the next Rudy Giuliani or Elliott Spitzer. The SEC and US Attorney are seeking to question two former Apple…
Media Digest 1/12/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Samsung’s Q4 profits fell on dropping prices of flat screen TVs. Reuters writes that AT&T (T) will phase out the Cingular Wireless brand and rename the unit for the parent company.…
Asia Markets 1/12/20006 Cathay Pacific, China Unicom Up Over 5%
Stocks: (CN)(CHL)(CHU)(PCW)(HBC) Markets in Asia rose sharply. The Nikkei was up 1.3% to 17,057. The Hang Send rose 1.2% to 19,613. Cathay Pacific rose 5.5% to 20.3. China Mobile moved up 1.9% to 65.95.…
Not All Hand Set Firms As Hurtin: Sony-Ericsson
As the share prices of Motorola (MOT) and Nokia (NOK) go down in flames as handset margins shrink, the world’s No. 4 handset company is doing just fine. Sony-Ericsson (SNE)(ERIC) said Q4 earnings would…
OPEC Gets POed, Oil’s Going Up
OPEC has had enough of falling oil prices as reserves rise and non-OPEC members open the spigots to counties like the US and China. Oil at $52 is going to break OPEC rice bowl.…
Playstation3 Gets Cut To Ribbons
If Sony (SNE) is anywhere close to Mudville, there is no joy there. The sales for Playstation3 sales during December were routed by Microsoft (MSFT) Xbox and the Nintendo Wii. According to NPD, which…
Business Week Round-Up (JAN 12, 2007)
These are just brief blurbs about what was said in "Inside Wall Street" in this week’s version of Business Week. Thermage (THRM-NASDAQ), a recent IPO, was noted positively by Merrill Lynch and C.E. Unterberg…
The Bragging Is Over At AMD
Advanced Micro Devices has spent much of the last year and a half boasting about how it has kicked Intel around the block in the server and PC businesses. Wins at Dell (DELL) and…
Vista Sales: Victory Of Hope Over Reason
Much of Microsoft’s gain to a multiyear hight was placed at the feet of a survey by NPD Group that stated sales of the new OS were doing better than expected. Oddly enough, the…
You Call This A Rally
From Ticker Sense At the risk of sounding too greedy, we would point out that while today’s rally seems impressive, it’s nothing compared to the gains we saw in Europe (the UK was up…
Are Rate Hikes Good or Bad
From Ticker Sense To the surprise of all but one economist (out of a poll of over 50), earlier today the Bank of England raised interest rates by 25 bps. The move quickly sent…
Struggling Emerging Markets
From Ticker Sense Emerging markets have had a tough start to the new year, and the MSCI Emerging Markets Index is currently down 6 days in a row for a loss of 5.04%. We…
Sears Issues Upside Guidance
From Chad Brand at Peridot Capitalist Sears Holdings (SHLD) projected fourth quarter earnings well above consensus estimates Wednesday. The company estimates EPS for the period will be in a range between $4.87 and $5.39,…
Excess chip inventory keeps growing
By William Trent, CFA of Stock Market Beat Excess chip inventory keeps growing, says iSuppli Surplus semiconductor inventories in the global electronics supply chain rose again in the fourth quarter of 2006, meaning that…
Analyzing Intel (INTC)
By Yaser Anwar, CSC of Equity Investment Ideas INTC is facing strong competition from AMD, which has led INTC to slash prices. For INTC, this pricing war resulted in lower revenue on higher unit…