Somehow the people who run Southeastern Asset Management got it into their heads that Sun Microsystems (JAVA) is a good investment. Southeastern now owns $1 billion of Sun stock. According to the…
CEOs at troubled companies often set their salaries at $1 a year. Lee Iaccoca did it at Chrysler and Steve Jobs did the same at Apple (AAPL). The gesture allows the poor…
Ambac Financial (ABK) Cut To Underweight at JPMorgan. Ann Talor (AMM) Cut to Market Perform at FBR Bank of America (BAC) Cut to Neutral at UBS FEMSA (FMX) Cut to Equal Weight…
Sun Microsystems (JAVA) announced a $1 billion share buy-back. It was not much of a beard to put on its particularly poor earnings.
Regulators may be trying to keep short sellers out of a few financial stocks, but that is not keeping large bets against most other stocks from rising. While some of the shorts…
Since 2006, 24/7 Wall St. has scrutinized public companies on a regular basis, focusing on those with poor management and has suggested which big company CEOs needed to be replaced. Hector Ruiz…
Intel (NASDAQ:INTC) may have had a roaring quarter. Wall St. did not give it back much. The stock barely moved after hours. That is extraordinary given that Intel profits were up 25%…
According to Reuters, talks between Time Warner’s (TWX) AOL and Yahoo! (YHOO) and Microsoft (MSFT) are heating up. Reuters reports that GM (GM) is confident that it can compete even after making…
Sun (JAVA) turned in better-than-expected preliminary earnings, but they were poor nonetheless. Wall St. staged a relief rally. Shares moved up from a close of $8.80 to $9.57 after hours. Sun expects…
Douglas A. McIntyre Fannie Mae (FNM) Full-blow panic that it will fail. Down to $6.68 from 52-week high of $70.57. Freddie Mac (FRE) Panic. Falls to $3.89 from 52-week high of $67.20. Lehman (LEH) Panic…
The shares of Sun Microsystems (JAVA) have finally slipped into the briny deep. The stocked moved under $10. The last time JAVA was that low was in 2002. Back then it traded…
Sun Microsystems (JAVA) Wall St. expects bad earnings and is trading the stock that way. Drops to $10.33 from 52-week high of $25.04. VMWare (VMW) Lowers guidance and lets CEO go. Falls…
Based on data from Nasdaq as of June 13, short sellers made heavy bets against tech stocks. Many investors clearly think the sector is not immune from the current economic downturn. The…
With the trading year almost half over and results from the first quarter out, 24/7 Wall St. has created the latest installment of its Ten Worst Managed Companies In America list. This…
Today’s 52-week low list was full of some of the usual suspects, and you can count airlines as the top group of 52-week lows after that breather in oil prices did not…
