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A Peek Into The Market Before The Trading Starts
Tuesday, June 7, 2011 - 7:31am | 394Pre-open movers US stock futures are higher this morning, as investors are awaiting a speech by Federal Reserve Chairman Ben Bernanke. Futures on the Dow Jones Industrial Average surged 58 points to 12,145.00 and futures on the S&P 500 stock index rose 7.50 points to 1,292.50. Nasdaq 100...
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Morgan Stanley Maintains Equal-Weight on Autodesk
Tuesday, June 7, 2011 - 7:28am | 79Morgan Stanley is out with its report today on Autodesk (NASDAQ: ADSK), maintaining Equal-weight. In a note to clients, Morgan Stanley writes, "An expanding product portfolio, and broadening industry and geographic coverage should help sustain ADSK's longer-term growth strategy of providing high...
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Concur to Acquire GlobalExpense
Tuesday, June 7, 2011 - 6:50am | 236Concur (Nasdaq: CNQR) today announced it has agreed to acquire privately held GlobalExpense, a London-based market leader in Web-based end-to-end expense management, for 12 million pounds Sterling, plus a performance-based contingent earn-out of up to 2 million pounds Sterling. Concur expects the...
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JP Morgan Downgrades Citrix Systems To Underweight, Raises PT To $65
Tuesday, June 7, 2011 - 6:08am | 28JP Morgan has downgraded Citrix Systems (NASDAQ: CTXS) from Neutral to Underweight and has raised the price target from $53 to $65.
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Compuware Says Peter Karmanos Jr Named Executive Chairman, Joseph Angileri President and COO
Monday, June 6, 2011 - 4:20pm | 183Compuware Corporation (Nasdaq: CPWR), the technology performance company, today announced that it has strengthened and extended its executive management ranks. The company will continue to benefit from the strategic guidance of co-founder Peter Karmanos, Jr., who will now serve the organization as...
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Norwegian Research Organization SINTEF Selects Deltek Maconomy and Deltek People Planner
Monday, June 6, 2011 - 4:07pm | 202Deltek (Nasdaq: PROJ) today announced that SINTEF has signed a strategic deal with a consortium led by Logica to implement the Deltek Maconomy ERP solution and the resource planning solution Deltek People Planner to improve internal business processes. SINTEF is the largest independent research...
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Deutsche Bank Maintains Buy on Nuance Communications
Monday, June 6, 2011 - 9:51am | 101Deutsche Bank is out with its report today on Nuance Communications (NASDAQ: NUAN), maintaining Buy. In a note to clients, Deutsche Bank writes, "NUAN is the clear market leader in speech recognition technology and has effectively applied it in three key verticals: mobile, healthcare and...
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Deutsche Bank Maintains Buy on Adobe
Monday, June 6, 2011 - 9:25am | 132Deutsche Bank is out with its report today on Adobe (NASDAQ: ADBE), maintaining Buy. In a note to clients, Deutsche Bank writes, "Product leadership remains strong with the Creative Suite as well as Omniture, while the Digital Publishing Suite takes advantage of the rapid move of content to mobile...
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ePlus Expands Security Offerings with Acquisition of NCC Networks
Monday, June 6, 2011 - 8:35am | 180ePlus inc. (Nasdaq: PLUS) today announced that its subsidiary, ePlus Technology, inc., has acquired the operating business of NCC Networks, Inc., a security-focused solutions provider that operates a Security Operations Center located in metropolitan Chicago. With the acquisition, ePlus expands its...
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Expected 2011 Rev Growth Among Companies in Autodesk's Target Markets is Up ~210 bps from 9.5% to 11.6%, Citi Reports
Monday, June 6, 2011 - 7:48am | 112In a report regarding Autodesk, Inc. (NASDAQ: ADSK), Citi reports that “Our proprietary Vertical Tracker bounced back in June after dipping in May in the wake of the Japan earthquake.” “Expected 2011 revenue growth among the 280 companies across 28 countries in Autodesk's target markets is up ~210...
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Why Clouds are Green: Cloud Computing Stocks
Friday, June 3, 2011 - 10:32pm | 1074Cloud computing can go a long way to reducing carbon footprints and businesses are catching on. But the biggest advantage to companies is the cost savings. Corporations that utilize cloud computing don't need to periodically upgrade computers as often, and they don't need to own a lot of servers....
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And Cats Like Dogs Today... 06-03-2011
Friday, June 3, 2011 - 6:09pm | 963Cusick's Corner The market just did not have the comeback power of the Mavericks and why should it? The latest labor stats cannot be blindly cast aside even though there's potential for more stimuli on the forefront. What confused some traders was that the VIX actually pulled back. But to event...
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Can Market Pull a Nowitzki? 06-03-2011
Friday, June 3, 2011 - 3:24pm | 957Cusick's Corner Can the market pull off a Nowitzki? (This is the name of Dallas Maverick's German Center, in reference to their roaring comeback in game 2 of the NBA finals.) The long and short of it is that I am going to be watching the 1313 level, plus want to see a break and settle above this...
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Ebix Affirms Continued Growth in 2011
Friday, June 3, 2011 - 12:46pm | 239Ebix, Inc. (NASDAQ: EBIX) a leading international supplier of On-Demand software and E-commerce services to the insurance industry, today reaffirmed a positive outlook for the year 2011 and beyond. The Company decided to issue this release in response to the sudden stock price drop today. The...
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Options Brief: Ebix Inc.
Friday, June 3, 2011 - 11:50am | 99Shares of Ebix Inc. (NASDAQ: EBIX) are lower on the session by 8.89%, trading at $17.02. Overall put volume is now running at 8.62x the daily average, with 66% of all puts traded being purchases on the offer. 6,412 contracts have traded on the session so far. Ebix is an international supplier of...