According to Reuters, China CITIC Bank is bidding to buy a stake in Bear Stearns (BSC) Reuters reports that the National Retail Federation’s survey of its members shows retail sales are expected…
According to Reuters, Citigroup (C) and other large banksare planning to create a roughly $80 billion fund to buy ailing mortgage securities and other assets. Reuters writes that Medtronic (MDT) is suspending…
“Qualcomm will not be able to take its royalty model further, that’s absolutely clear,” said Dresdner Bank AG analyst Per Lindberg in London, who rates the shares “sell” and expects them to…
Sony Ericsson, the world’s fourth largest handset maker, came out with results for its third quarter .On the surface, they looked fairly good. Revenue rose 7% to $4.4 billion. But, net revenue…
Douglas A. McIntyre Red Herring suggested that Sprint (S) hire telecom pioneer and Clearwire (CLWR) CEO Craig McCaw to replace exiting chief Gary Forsee. But, McCaw has a day job, so that probably won’t happen.…
Yesterday was a bad day for chip stocks based upon Morgan Stanley’s key downgrades in the semiconductor sector. But today is a different day as many major technology companies have been initiated…
Nokia (NOK) has cut a deal to put more video on its high-end phones. According to Reuters, it has signed new deals with CNN, Sony Pictures, and several other mainstream video content…
ACAD started as Hold at Citigroup.ALB raised to Neutral at Goldman Sachs.AMB raised to Buy at B of A.APD cut to Neutral at Goldman Sachs.BAC started as Buy at Goldman Sachs.BDN cut…
We have already covered the Nokia (NYSE:NOK/ADR) buyout of NAVTEQ Corp. (NYSE:NVT). It is somewhat interesting that NAVTEQ would have allowed itself to be acquired in a no-premium buyout, even if shares…
China Techfaith Wireless Communication Technology Ltd. (NASDAQ:CNTF) is seeing shares up drastically in early pre-market trading. Qualcomm Inc. (Nasdaq: QCOM) has granted TechFaith Wireless Technology Group Limited, a British Virgin Islands corporation…
According to Bloomberg, Qualcomm "is being investigated by the European Union over allegations it overcharges Nokia Oyj, Ericsson AB and other handset manufacturers." One of the issues is whether the US company…
Nokia (NOK) has indeed bought Navteq (NVT) for $78 a share. If so, it is close to a "zero premium" deal. Douglas A. McIntyre
Douglas A. McIntyre There is word from The Wall Street Journal that Nokia (NOK) is in negotiations to buy Navteq (NVT), a navigation software company. The paper describes the company "as is one of the…
According to Reuters, UBS (UBS) will write-off $3.4 billion, another victim of the credit crunch. Reuters writes that the Teamsters and UPS (UPS) have come to a new contract. Reuters writes that…
Qualcomm (QCOM) wants things to go back to the way they used to be with its largest customer, Nokia (NOK). That was when the world’s largest handset company was paying Qualcomm’s then…
