Bringing Michael Dell back to run the company he founded seems to be making things worse. Last week, Dell (DELL) said it would have to cut more costs and even made the…
According to Reuters, China announced an economic stimulus package of almost $600 billion. Reuters reports that AIG (AIG) is about to get a new bailout from the US government which will be…
According to Reuters, the economy contracted in the third quarter as consumer spending dropped sharply. Reuters writes that Fidelity Magellan Fund bought shares in big banks in September including Bank of America…
There has been some debate recently about which of the well-known tech stocks is the worst. AMD (AMD) is often in the running. So is Palm (PALM). Sun (JAVA) won the race…
Douglas A. McIntyre Sun Microsystems Inc. (NASDAQ: JAVA) just cannot seem to get things right and that is more than evident in its shares this morning. Last night, the company warned of lower than expected…
Douglas A. McIntyre According to Reuters, Japan markets were higher on a broad government bailout plan. Reuters reports that Merrill Lynch (MER) will cut 500 trading jobs. Reuters writes that low retailer prices and competition…
GM (GM) Concerns that global car sales will fall again in 2009 and company will get short on money. Down to $5.22 from 52-week high of $43.20. News Corp (NWS) Weak ad…
If the segment of tech which markets to large businesses was supposed to be one of the last bastions of earnings safety, it has just fallen. SAP (SAP), the second largest enterprise…
As a sign of how difficult the markets are, a number of large companies hit 52-week lows, with a number of stocks down between 5% and 10% and bank shares off more…
Washington Mutual (WM) Shut down by feds. Drops to $.148 from 52-week high of $26.47. Smithfield Foods (SFD) Credit concerns. Sells down to $13.95 from 52-week high of $32.26. Sun (JAVA) Company…
Joe Tucci, the CEO of EMC (EMC), has done his best to ruin his company and its spin-out VMWare (VMW). VMWare has the look and feel of a public firm but Tucci…
The cut-off for the last short interest data was September 15, before a number of financial stocks got protection from the SEC. Before the ban, short sellers were already moving out of…
Shares in some tech companies are down as far as the banks and brokerage firms. Sun (JAVA) and Nortel (NT) are in that group, but they are hardly alone. Firms which have…
Short interest in a number of financial stocks moved up very sharply for the period ending August 29. Shares short in Washington Mutual (WM) rose 12% to 383 million. Short interest in…
Short sellers believe that they have seen the bottom for financial shares and exited the industry en masse. Shares sold short in Merrill Lynch (MER) fell 12.6 million to 42.3 million. Short…
