4:50am ET
Investing
Nintendo Cuts The Micorosft (MSFT) Xbox
Microsoft (MSFT) is cutting the price of its most popular version of the Xbox 360 by $50 to $349. Sales of the game console have been weak as the Nintendo Wii continues…
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Markets closed
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4:45am ET
Investing
McDonald’s (MCD) Joins The Communist Party
McDonald’s has succumbed to pressure from Chinese groups and will raise its wages in that country. It will also gets it employees new uniforms. Seriously. The fast good chain has been accused…
3:16am ET
Investing
Media Digest 8/7/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Bear Stearns (BSC) has several potential buyers including JP Morgan (JPM) and Bank of America (BAC) Reuters writes that a court overturned a patent infringement award won by Alcatel-Lucent…
2:47am ET
Investing
Asia Markets 8/7/2007
Markets in Asia were mixed The Nikkei was up a fraction to 16,922. Sony (SNE) was up 1.2% to 5990. Toyota (TM) was up 1% to 7250. The Hang Seng was up…
9:54pm ET
Apps & Software
Adobe Acrobat’s Unintended Use: Spam & Stock Promotion (ADBE, CHSH)
Today I got confirmation that ADOBE ACROBAT, the free .pdf file from Adobe Systems Inc. (NASDAQ:ADBE), is starting to be used much wider for spam emails as a way around email filters. …
Douglas A. McIntyre 7:07pm ET
Investing
PFizer’s (PFE) Promising New HIV Drug
Pfizer (PFE) has FDA approval for a new drug that "blocks the CCR5 co-receptor that serves as a main doorway for the HIV virus into immune cells." It will be marketed as…
Douglas A. McIntyre 6:30pm ET
Apps & Software
BMC: Even Software is Bigger in Texas (BMC)
BMC Software (NYSE:BMC), one of the few major local software and business service management for large enterprise organizations, is seeing shares jump another 4% in after-hours trading. The company posted Q1 2008…
Douglas A. McIntyre 6:19pm ET
Investing
Yet Another New Business For Sun (SUNW)
Sun Microsystems (SUNW) says it has created a new microprocessor that works so well that it will be able to sell it to other companies. Instead of doing one programming sequence, the…
Douglas A. McIntyre 6:07pm ET
Investing
Qualcomm’s (QCOM) Plays Sisyphus
It is a long, steep hill for Qualcomm (QCOM). The ITC decided that some of Qualcomm’s technology infringed on IP from rival Broadcom (BRCM) and said it would block a number of…
Douglas A. McIntyre 4:19pm ET
Investing
SINA Doesn’t Make The Grade (SINA, SOHU, BIDU)
SINA Corporation (Nasdaq:SINA): Non-GAAP net income was $16.1 million or $0.27 diluted non-GAAP and $0.25 GAAP EPS; net revenues increased 11% year over year to $59.8 million, within the upper range of…
4:02pm ET
Investing
Local.com Posts Gains & Calls For More (LOCM)
Local.com (NASDAQ:LOCM) posted revenues of $5.1 million, up 51% year over year and over 4% sequentially. The loss was $3.15 million or -$0.34 dilued and basic EPS. Consensus estimates were -$0.35 and…
Douglas A. McIntyre 3:49pm ET
Investing
Tech Tuesday: All About Cisco Systems & The Fed (CSCO)
Tomorrow is going to be an interesting day after a massive rally Monday. The market is going to be looking to the FOMC for soem stability on the economic outlook and hope…
Douglas A. McIntyre 3:27pm ET
Casinos & Hotels
Wynn Resorts, Earnings Wynner! (WYNN, LVS, MPEL)
Wynn Resorts, Ltd. (NASDAQ:WYNN) posted earnings of $0.82 GAAP EPS on revenues of $687.5 million First Call had estimates at $0.53 EPS and almost $604 million revenues. Year over year results are…
3:16pm ET
Investing
Clearwire (CLWR): Not The Quarter Hoped For
Clearwire (CLWR) opened way down today trading as low as $26.47. But, late in the day, the shares made a sharp turn north and closed up almost 3% at $29.52. Just after…
Douglas A. McIntyre 2:42pm ET
Investing
Yahoo! Briefly Hit 52-Week Lows (YHOO, GOOG)
Yahoo! (NASDAQ-YHOO) almost joined the ranks of the 52-week low club today. It actually did hit new 52-week lows, although it looks like Yahoo! stock isn’t going to actually close down at…
Douglas A. McIntyre