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Ericsson Profits Plummet 92%
Monday, January 25, 2010 - 5:30am | 164Ericsson AB (Nasdaq: ERIC) reported a 92% drop in its 4th quarter profits as sales declined for the third quarter in a row. Net income for the three months to Dec. 31 fell to 314 million kronor ($43 million) from 3.89 billion kronor. Sales were down 13% to 58.3 billion kronor The lower sales and...
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MGM Seeks "Prepackaged" Bankruptcy
Friday, January 22, 2010 - 10:00am | 163Although Metro-Goldwyn-Mayer has received takeover bids from several investors, the company may have to arrange a "prepackaged" bankruptcy in order to appease its creditors. MGM is currently owned by a group of investors including Sony (NYSE: SNE), Comcast and Providence Equity Partners. The film...
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Garmin Looks A Potential Value Buy (GRMN)
Tuesday, January 19, 2010 - 11:08am | 108Analysts at Bank of America Merrill Lynch have upgraded the rating of Garmin Ltd. (NASDAQ: GRMN) to Buy. They have also raised the price objective of Garmin from $37.00 to $43.00. Cayman Island based Garmin Ltd. is a worldwide provider of navigation, communications, and information devices, most...
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Wednesday's Hot Stocks: Finding A Rose Among Many Thorns
Thursday, January 14, 2010 - 9:42am | 2317With the major indices ticking slightly higher Wednesday, there were many stocks which broke out to the upside on BIG volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you should...
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Gran Turismo 5 Delayed! (SNE, MSFT, NTDOY)
Wednesday, January 13, 2010 - 7:51pm | 105According to Reuters, Sony Corp (NYSE: SNE) has announced that it will postpone the launch of the latest version of its blockbuster racing game series ‘Gran Turismo’. Sony cited production related problems for the delay. Gran Turismo, designed for Sony’s PlayStation 3 game console was expected to...
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Morgan Keegan Expects Strong Q4 Earnings By NOK, QCOM, GRMN, MOT
Tuesday, January 12, 2010 - 3:38pm | 271Morgan Keegan expects companies covered in its research universe and catering to the consumer and enterprise end markets to post strong Q4 results. While the PC and smartphone cycles remained intact in Q4, Morgan Keegan believes that the quarter was driven by huge pent up demand. Normal seasonal...
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Stocks That Created New 52 Week Lows (KOSS, PPC)
Monday, January 11, 2010 - 4:25pm | 100Koss Corporation (NASDAQ: KOSS) shares plunged, creating a new 52-week low of $3.87 before recovering to $3.99, reflecting a fall of 29.38%. KOSS disclosed that unauthorized transactions by its former vice president of finance Sujata "Sue" Sachdeva, crossed $10 million in the first two quarters of...
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Panasonic (PC) To Sell 1 Million Units Of 3D TVs
Monday, January 11, 2010 - 3:09pm | 86The world's biggest maker of plasma TVs, Panasonic Corp. (ADR) (NYSE: PC) plans to sell 1 million units or more of its 3D TVs in the first year of their launch, its U.S. chief said, hoping that the emerging technology will catch on with consumers in 2010. The share price for Panasonic was $14.95....
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Company News for January 07, 2010 - Corporate Summary
Thursday, January 7, 2010 - 10:20am | 232• General Motors' CEO Whitacre promised the company's first year of profitability in 2010 following five years of losses • Microsoft's (NYSE:MSFT) CEO Ballmer's opening address in Las Vegas focused on the company's touch-tablet from Hewlett-Packard (NYSE:HPQ), planned for introduction this year • ...
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Kindle Ecosystem To Boost Amazon’s Prospects (AMZN, SNE, AAPL)
Wednesday, January 6, 2010 - 1:22pm | 145Collins Stewart expects the Kindle Ecosystem to be the most compelling reader in the market, which will help Amazon’s (NASDAQ: AMZN) non-core revenue. Kindle has come a long way since it was launched 2 years ago and is currently revolutionizing the way books are created, acquired, consumed and...
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Panasonic and LG To Use Skype, (PC, LPL)
Wednesday, January 6, 2010 - 10:08am | 129Skype announced that Panasonic Corporation (ADR) (NYSE: PC) and LG Display Co. Ltd. (ADR) (NYSE: LPL) will add its service to their internet connected high definition TV. Skype-to-Skype voice and video calls will be free, while video calls will require a webcam, specially designed for the new...
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Top 5 Large-Cap Stocks In The Consumer Goods Sector With The Highest Revenue Estimates (HMC, F, PC, PG, SNE)
Tuesday, January 5, 2010 - 7:56am | 209Below are the top 5 large-cap consumer goods stocks on the NASDAQ and the NYSE in terms of revenue estimates. The revenue estimate for Honda Motor Co Ltd (NYSE: HMC) for this quarter is $121.11 billion. HMC’s market capitalization is $125.9 billion. HMC has total cash of $10.15 billion in the most...
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Top 5 Mid-Cap NASDAQ Stocks In Technology Sector With Lowest PEG Ratio (SOHU, PWRD, GRMN, SNDA, NIHD)
Wednesday, December 30, 2009 - 7:40am | 180Below are the top 5 mid-cap technology sector stocks on the NASDAQ in terms of PEG ratio. Sohu.com Inc (NASDAQ: SOHU) has a PEG ratio of 0.34. SOHU’s market capitalization is $2.2 billion. SOHU’s twelve-month-trailing operating margins are 76.09%. Perfect World Co Ltd (NASDAQ: PWRD) has a PEG ratio...
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Top 5 Small-Cap NASDAQ Stocks In The Consumer Goods Sector With The Highest Dividend Yield (COBR, WSCI, UG, SGC, TBAC)
Tuesday, December 29, 2009 - 10:19am | 183Below are the top 5 small-cap Consumer Goods stocks on the NASDAQ in terms of dividend yield. The dividend yield at Cobra Electronics Corp (NASDAQ: COBR) is 10.32%. COBR’s market capitalization is $10.03 million. COBR’s shares have declined by 3.13% over the past three months. The dividend yield at...
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Microsoft Patents Realistic Avatar Generator (MSFT, SNE)
Monday, December 28, 2009 - 10:15am | 102A weekly roundup of the video game industry by Kaufman Bros. points to muted times ahead. Microsoft (NASDAQ: MSFT) confirmed that it has patented the use of a realistic Avatar generator. Microsoft also confirmed the following triple A releases for the first half of 2010: Mass Effect 2, Splinter...