DJIA 12,309.25; Down 22.35 (0.18%)
NASDAQ 2,445.86; Down 6.52 (0.27%)
S&P500 1,412.90; Down 1.86 (0.13%)
10YR-Bond 4.481% Up 0.039
NYSE Volume 2,638,164,000
NASD Volume 1,857,818,000
Shares of Ford (F) Fell another 4.1% to $7.36 after the company has one massive borrowing plan to the tune of $22 to $23 BILLION. Convertible arb players drove the stock lower shorting to hedge their note purchases. Maybe it is a "burrowing plan" instead. Cramer said this one can go to $6.50.
Apple (AAPL) fell 1.6% to $89.83 on WSJ reports of iPods breaking after hard use and the like, but this was a fairly hogwash report as this is already known and has to be expected.
(DOCC) Docucorp gets $10 buyout offer; shares rose to $9.76, up 30%.
(IDCC) Interdigital fell 7% to $30.50 on lowered guidance.
(NOVL) Novell fell 5% to $5.99; EPS beat target but revenues and revenue guidance were soft.
(PLAB) Photronics rose 2.5% to $16.18; earnings posted at $0.21 EPS vs $0.16e.
(PNRA) Panera said s-s-s DEC will be 1.4% instead of 4%; fell 3% to $56.94.
(TBL) Timberland up 3% to $32.73 after Cramer said VFC should acquire it.
(WRSP) WorldSpace selling 3M shares from founders; stock fell 2.6% to $4.79.
(YHOO) Yahoo! restructuring top management; Susan Decker dropping CFO role to move to head of Ad unit and they are canning the COO. Semel is still CEO for now. Stock down 2% to $26.86.
Hain Celestial (HAIN) fell 3.7% to $29.80 after its rating was cut to Neutral at UBS.
KBW, Inc. (KBW) rose 0.6% to $28.76 after posting a large y/o/y rise in EPS income, although there are no estimates on teh recent IPO.
Altera (ALTR) widened out its prior 2-5% sequential revenue drop to a new range of a 5-7% drop, but the stock was only down 0.4% to $20.21. What does that tell you about the stock?
Novellus (NVLS) fell 4.78% to $32.88 after Goldman Sachs cut its rating to a Sell.
General Electric (GE) fell 0.4% too $35.11 but had been positive before end of day selling after Goldman Sachs put it on its Americas Conviction Buy List.
GO America (GOAM) rose 37% to $7.80 after it unveiled a new expansive web service for the Deaf……..I guess they won’t as "Can you hear me now!?"
Halozyme (HTI) shares soared 59% to $4.55 on major licensing pact with Roche.
Biovail (BVF) rose 9.5% to $20.72 after the CFO was leaving and will pay more to shareholders.
Rite-Aid (RAD) rose another 6% to $5.11 on hopes that Eddie lampert may be interested, plus cramer was out on the name.
Jon C. Ogg
December 6, 2006
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.