-
Sony Signs A Deal With Michael Jackson’s Estate (SNE)
Tuesday, March 16, 2010 - 12:53pm | 156Sony Corp (NYSE: SNE) has signed a deal worth $250 million with Michael Jackson’s estate. The deal, coming nine months after the singer’s death, is one of the most lucrative recording contracts in history. Under this deal, Sony (SNE) will acquire rights to sell the singer’s back catalog and other...
-
Stocks That Created New 52-Week Highs (CEDC, CBEH, CTXS, COBR, COLB)
Friday, March 12, 2010 - 3:06pm | 269Central European Distribution Corp (NASDAQ: CEDC) shares reached $37.25 to create a new 52-week high, before slipping to $37.19, reflecting a 1.03% gain. CEDC’s quarterly revenue growth stands at 16.80% y/y. Read more about this company here. China Integrated Energy Inc (NASDAQ: CBEH) shares...
-
Is 3D Sweeping the Nation? Poll Says 'Not Yet' (PC, BBY)
Wednesday, March 10, 2010 - 12:04pm | 236With a quick scan of Google Shopping, I was able to track down a 3D television set for a reasonable $9000. The 42" Phillips WOWvx promises next generation 3D technology at just a hair less than a new car. If this seems a little out of your budget, look no further, because Panasonic is out to bring...
-
DOW Divests Styron Business - Analyst Blog
Tuesday, March 9, 2010 - 2:49pm | 570Dow Chemical Company (DOW) has recently announced the divestiture of the Styron business to a private equity firm, Bain Capital, for a total of $1.63 billion. As a part of the sale agreement, Dow Chemical has an option to purchase 15% of the equity of Styron. The transaction, which is expected to...
-
Stocks That Created New 52-Week Highs (ADVS, AUDC, OZRK, BKCC, COBR)
Thursday, March 4, 2010 - 3:41pm | 265Advent Software Inc (NASDAQ: ADVS) shares rose 1.30% to create a new 52-week high of $41.96. ADVS launched Advent Portfolio Exchange (APX) 3.0, the most extensive release of APX to date. Read more about this company here. AudioCodes Ltd (NASDAQ: AUDC) shares rose 1.91% to $3.74, creating a new 52-...
-
Activision, And GameStop Among Favourites: CNBC (SNE, MSFT, ATVI, GME)
Thursday, March 4, 2010 - 10:06am | 153In an interview with CNBC, Arvind Bhatia, video game, and entertainment analyst at Sterne, Agee & Leach, said video game stocks are set to rise this year after a disappointing 2009. Bhatia said that while the poor performance of game stocks in 2009 was reflective of the discretion shown by...
-
Emerson Radio (MSN) Jumps On The Declaration Of A Cash Dividend
Tuesday, March 2, 2010 - 2:54pm | 137Emerson Radio (NYSE: MSN) declares a cash dividend of $1.10 per common share. MSN’s Board of Directors declared this morning an extraordinary cash dividend of $1.10 per common share. The dividend will be payable on March 24, 2010 to MSN’s shareholders at the close of trading on March 15, 2010....
-
Leap Year Glitch Blamed By Sony For PlayStation Woes (SNE)
Tuesday, March 2, 2010 - 9:28am | 160The glitch that deprived PlayStation users around the world of games yesterday, has been fixed by Sony Corp. (ADR) (NYSE: SNE). The company said that there was a problem in the internal clock of some PS3 consoles. The clock had erroneously read 2010 as a leap year, and added in Feb.29 to the clock...
-
Freescale’s New Chip Will Lower E-Readers’ Price Below $150
Monday, March 1, 2010 - 4:26pm | 116According to Bloomberg, Freescale Semiconductor Inc. says that a new chip developed by the company will help reduce the price of electronic book readers to less than $150 this year. Freescale products are used in about 90% of e-readers. The company will soon begin offering samples of the new...
-
RBC Capital Raises Target For Garmin (GRMN) On Continued Demand For Navigation Devices
Thursday, February 25, 2010 - 11:08am | 67RBC Capital Markets reiterated its “sector perform” rating for Garmin (NASDAQ: GRMN). The target price has been raised from $33 to $40. According to RBC Capital Markets, GRMN’s Q4 results reflect continued preference for navigation devices despite competition from smartphones. GRMN’s shares have...
-
Garmin (GRMN) Faces Stiff Competition From Google (GOOG)
Wednesday, February 24, 2010 - 4:45pm | 182According to “Garmin Faces Stiff Competition from Google” , Garmin (NASDAQ: GRMN) could face competition from Google’s (NASDAQ: GOOG) Maps navigator. Many analysts believe Garmin has similar characteristics to Microsoft (NASDAQ: MSFT) of the mid 90s. The competition in the consumer GPS space...
-
Company News for February 24, 2010 - Corporate Summary
Wednesday, February 24, 2010 - 10:01am | 140• Garmin (NASDAQ: GRMN) posted quarterly earnings of $1.43 per share, up from estimates of 95 cents, on revenues of $1.06 billion, ahead of $956 million projections. The company said it sees full-year earnings of $2.75 to $3.15 a share • Nicor Gas (NYSE:GAS) reported fourth quarter earnings of $1....
-
Benzinga’s Earnings Roundup (SJM, CHS, GRMN, TRI)
Wednesday, February 24, 2010 - 9:15am | 324The J.M. Smucker Company (NYSE: SJM) reported today a third-quarter net income of $135.5 million, or $1.14 per share, from $77.9 million, or $0.68 per share, for the same quarter last year. Sales climbed 2% to $1.2 billion for the quarter. Analysts expected SJM to report earnings of $1.04 per share...
-
Garmin Guidance May Guide Stock Upwards (GRMN)
Wednesday, February 24, 2010 - 9:01am | 153Garmin Ltd. (Nasdaq: GRMN) reported Q4 EPS $1.38 vs 78 cents from the prior year. This beat analyst expectations for EPS of 95 cents in the 4th quarter. Garmin Ltd. also issued an upbeat guidance of between $2.75 and $3.15 EPS for 2010. This is above analyst expectations as well which averages an...
-
Top 3 Stocks In the Toys and Games Industry With The Highest ROA (MAT, HAS, MCZ)
Monday, February 22, 2010 - 7:13am | 149Below are the top three toys and games stocks on the NYSE and NASDAQ in terms of return on equity. The return on assets for Mattel Inc (NYSE: MAT) is 10.41%. Quarterly earnings growth at MAT is 86.20%. Read more about this company here. The return on assets for Hasbro Inc (NYSE: HAS) is 9.67%....