What they say about big tech must be true. IT spending at companies is falling as businesses cut back across every expense category they can find. Software and hardware upgrades are put…
Analysts assume third quarter earnings for the companies in the S&P 500 will be bad. But, looking at the number which is the average of all firms in the index is misleading.…
It would not be a good idea to look at IBM’s (IBM) superior earnings and assume that tech will have had a good third quarter and that the rest of the year…
Yahoo! (YHOO) Concerns about slowdown in internet advertising. Drops to $13.20 from 52-week high of $34.08. Bet they wish they had taken Microsoft (MSFT) deal. Sirius (SIRI) Merger a failure.Sells off to…
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…
Pilgrim’s Pride (PPC) Company says it has liquidity issues. Sometimes that means Chapter 11. The stock drops to $3.26 from 52-week high of $35.98. Teradata Corp (TDC) is facing competition from Oracle…
There have been more press releases out of the Oracle OpenWorld conference in San Francisco this week than you can count. But one from Oracle Corp. (NASDAQ: ORCL) is perhaps the most…
According to Reuters, Bush called an emergency meeting of Congressional leaders to push through bank bailout legislation. Reuters reports that Goldman Sachs (GS) and Morgan Stanley (MS) are preparing to take advantage…
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…
These are some of the upgrades and positive calls from analysts we have seen affecting shares this Friday morning: American Electric Power (AEP) Raised to Buy at Piper Jaffray. Cree (CREE) Raised…
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…
According to Reuters, Citigroup (C) is considering buying Washington Mutual (WM). Reuters reports that US markets rallied on word of a potential plan for the government to take over the toxic assets…
Oracle Corp. (NASDAQ: ORCL) came out with some mixed earnings after today’s close, and without guidance this is somewhat of a pending and unresolved issue. The enterprise and CRM behemoth posted earnings…
Douglas A. McIntyre After today’s close we’ll get earnings out of Oracle Corp. (NASDAQ: ORCL). The enterprise and CRM behemoth is expected to post $0.27 non-GAAP EPS on $5.42 Billion in revenues according to First…
Douglas A. McIntyre According to Reuters, bond giant Pimco called for more governemt support for the financial system saying the the credit crisis could turn much worse. Reuters writes that Microssoft (MSFT) will begin its…
