Company News for November 19, 2010 - Corporate Summary

• After the close, Dell DELL reported EPS of $0.45, up from estimates of $0.32 for the third quarter, on a 19.4% revenue climb to $15.39 billion, just below estimates of $15.74 billion. The firm expects the increase in full-year revenues to fall in the middle of its 14-19% range made earlier in the year

• Marvell Tech MRVL posted third quarter earnings of $0.45, beating estimates by $0.02, on revenues of $959 million, up from estimates of $950 million

• Salesforce.com CRM reported third quarter earnings of $0.32, a one-penny beat, as revenues jumped 30% to $429 million, that which topped estimates of $410 million

• Heinz HNZ posted fiscal second quarter earnings of $0.78, for a 2-cent beat, on revenues of $2.61 billion shy estimates of $2.67 billion

• FBR reiterated a "market perform" on Salesforce.com CRM, and lifted the price target from $85 to $110

• Cisco CSCO announced plans for up to $10 billion in further share repurchases

• KKR KKR is reportedly in advanced talks with Del Monte Foods DLM, with an offer of $18.50 rumored to have been made

• Goldman Sachs GS upgraded DuPont DD from "neutral" to "buy," taking the price target from $52 to $56

• UBS UBS downgraded Whole Foods WFMI from "buy" to "neutral"

• UBS UBS upgraded Deere DE from "neutral" to "buy"

 
SALESFORCE.COM (CRM): Free Stock Analysis Report
 
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CISCO SYSTEMS (CSCO): Free Stock Analysis Report
 
DU PONT (EI) DE (DD): Free Stock Analysis Report
 
DEERE & CO (DE): Free Stock Analysis Report
 
DELL INC (DELL): Free Stock Analysis Report
 
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GOLDMAN SACHS (GS): Free Stock Analysis Report
 
HEINZ (HJ) CO (HNZ): Free Stock Analysis Report
 
MARVELL TECH GP (MRVL): Free Stock Analysis Report
 
UBS AG (UBS): Free Stock Analysis Report
 
WHOLE FOODS MKT (WFMI): Free Stock Analysis Report
 
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