According to Reuters, Oppenheimer cut is earnings forecasts for Merrill Lynch (MER) and UBS (UBS) a day after cutting Citigroup (C) and Bank of America (BAC). Reuters reports that the Meriwether hedge…
Motorola (NYSE: MOT) announced this morning that it would break itself into two companies. By sometime next year the handset division will be pulled away from the mobility and enterprise divisions. The…
Douglas A. McIntyre When the global handset market goes South a number of companies get bombed. The worst goes to the handset companies themselves. That is not good news for Motorola (NYSE: MOT). Chip companies…
It is hard to imagine what Carl Icahn is trying so hard to get control of Motorola (NYSE: MOT), or at least to force the company to "improve shareholder value." The firm…
Douglas A. McIntyre Large handset company Sony Ericsson said it would miss Q1 earnings because of lack of handset demand. The company said it will only ship 22 million handsets for the period, which would…
Douglas A. McIntyre New data from ChangeWave Research point to a huge drop in spending on consumer electronics. The most recent data was taken from a survey of 4,427 consumers between February 19th and 25th.…
Below are the top calls that 247WallSt.com is focusing on in pre-market trading this Wednesday: Cal Dive International (NYSE: DVR) Raised To Overweight at JP Morgan. Genomic Health (NASDAQ: GHDX) Cut To…
Texas Instruments (NYSE: TXN) gave its mid-quarter forecast and no one liked it. The company projected slow growth and was especially gloomy about the sales of 3G chips. It said its largest…
According to Reuters, Goldman Sachs says the Fed may make an emergency rate cut. Reuters writes that Nokia (NOK) is likely to sell down now that information from chip company Texas Instruments…
Intel (NASDAQ: INTC) is introducing new tiny chips aimed at the mobile computing market. According to The Wall Street Journal the are "designed to be the calculating engine for pocket-sized gadgets that…
According to Reuters, Fed chief Bernanke said the Fed was ready to help the economy if necessary. Reuters writes that financial results at Deutsche Telekom (DT) met expectations for 2007. Reuters writes…
Apple (NASDAQ:AAPL) has become one of the top 10 handset makers in the world. Research In Motion (NASDAQ:RIMM) also joined the list in the fourth quarter of 2007. Nokia (NYSE:NOK) remains the…
There is too much bad news in the pipeline and no good news likely to appear over the next three months for Apple (NASDAQ: AAPL) to recover much from its current level…
The US is Motorola’s (NYSE: MOT) handset stronghold. While the company does not do terribly well overseas, it has held a market share lead on it home turf. Nokia NYSE: NOK) has…
Douglas A. McIntyre Nortel (NYSE: NT) and Motorola (NYSE: MOT) are in negotiations about putting together their wireless telecom equipment businesses. According to The Wall Street Journal "If consummated, the talks will create a joint…
