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Oracle Settles Kickback Suit - Analyst Blog
Tuesday, February 1, 2011 - 6:45pm | 979Software giant Oracle Corp. (ORCL) has agreed to pay $46.0 million to settle a kickback suit against Sun Microsystems. Oracle declined to comment. The suit was filed back in 2004 in the federal court of Arkansas. The lawsuit alleged that Sun improperly paid kickbacks to systems integrator...
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Concurrent Reports Q2 EPS of $.14 vs. $.01
Tuesday, February 1, 2011 - 5:18pm | 73Concurrent (NASDAQ: CCUR) today announced financial results for its fiscal 2011 second quarter and six-month period ended December 31, 2010. Revenue for the fiscal 2011 second quarter rose to $17.9 million from $15.0 million a year ago. The company reported net loss of $1.2 million, or $0.14...
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LG Takes On iPhone With First 3D Phone (AAPL)
Tuesday, February 1, 2011 - 3:23pm | 189And they said it couldn't be done. “They” meaning the people who said finger smudges mess up the 3D effect, hence the dual-screened approach to the forthcoming Nintendo 3DS (which features separate screens for touching and for 3D imagery). But it appears as if they were wrong. Mashable reports that...
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Can't Miss With Apple (AAPL)
Tuesday, February 1, 2011 - 2:41pm | 112Apple (NASDAQ: AAPL) continues to hit on all cylinders and has added another 1.68% to $345.02 on Tuesday. In just the last month alone, AAPL shares have appreciated around 7%. The company currently has a market cap of $318 billion. Despite the tremendous success of Apple (AAPL) and their continued...
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Qualcomm Upgraded to Outperform - Analyst Blog
Tuesday, February 1, 2011 - 12:22pm | 755We upgrade our recommendation on Qualcomm Inc. (QCOM) to Outperform. Supported by significant surge in demand for the high-end 3G smartphones and tablets, Qualcomm reported historic high earnings in the first quarter of fiscal 2011. Net income was up 39% year over year and 35% sequentially,...
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Qualcomm Upgraded to Outperform - Analyst Blog
Tuesday, February 1, 2011 - 12:00pm | 755We upgrade our recommendation on Qualcomm Inc. (QCOM) to Outperform. Supported by significant surge in demand for the high-end 3G smartphones and tablets, Qualcomm reported historic high earnings in the first quarter of fiscal 2011. Net income was up 39% year over year and 35% sequentially,...
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Novellus Shares Up On Solid Quarter - Analyst Blog
Tuesday, February 1, 2011 - 11:31am | 1347Novellus Systems (NVLS) reported fourth quarter earnings that beat the Zacks consensus by 9 cents, or 9.8%. Revenue edged past the Zacks Consensus, exceeding by 1.7%. Shares responded positively, jumping 3.94% in after-hours trade, as Novellus grew its gross, operating and net margins. A much...
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Novellus Shares Up On Solid Quarter - Analyst Blog
Tuesday, February 1, 2011 - 11:15am | 1347Novellus Systems (NVLS) reported fourth quarter earnings that beat the Zacks consensus by 9 cents, or 9.8%. Revenue edged past the Zacks Consensus, exceeding by 1.7%. Shares responded positively, jumping 3.94% in after-hours trade, as Novellus grew its gross, operating and net margins. A much...
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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, February 1, 2011 - 9:24am | 297Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Accuray Inc (ARAY) Apple Inc (AAPL) ATMI Inc (ATMI) BASF ADR (BASFY) Centrica PLC (CPYYY) View the entire Zacks #1 Rank List. APPLE INC (AAPL): Free Stock Analysis Report ACCURAY INC (ARAY): Free Stock Analysis Report ATMI...
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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, February 1, 2011 - 9:14am | 297Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Accuray Inc (ARAY) Apple Inc (AAPL) ATMI Inc (ATMI) BASF ADR (BASFY) Centrica PLC (CPYYY) View the entire Zacks #1 Rank List. APPLE INC (AAPL): Free Stock Analysis Report ACCURAY INC (ARAY): Free Stock Analysis Report ATMI...
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Wunderlich Securities Provides Color On CEVA 4Q
Tuesday, February 1, 2011 - 8:43am | 146CEVA, Inc. (NASDAQ: CEVA) reported 4Q10 earnings of $0.19 on revenue of $13.0 million, which increased nearly 28% for the strongest revenue growth since the company became public approximately eight years ago, Wunderlich Securities reports. “We had forecast EPS of $0.17 on sales of $12.5 million (...
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Nokia Needs Android, but Sticks With Meego?
Monday, January 31, 2011 - 4:26pm | 171(TheStreet)- All eyes in tech may be on Apple (NASDAQ: AAPL) and the Verizon (NYSE: VZ) iPhone next week, but something much bigger may be on tap between Google (NASDAQ: GOOG) and Nokia (NYSE: NOK) on Feb. 11. Google's Android operating system, which has topped Nokia's Symbian as the No. 1 phone...
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Margins Marching Higher - Earnings Trends
Monday, January 31, 2011 - 3:01pm | 4936Key Points: 4Q earnings season off to strong start, with 206 of the S&P 500 reports in, median surprise of 4.28% and surprise ratio of 3.73 for EPS, 1.53% and 2.94 for revenues. Reported (206 firms) fourth quarter earnings growth of 31.2%, expected (294 firms) year-over-year growth of 19.5%...
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Dow Jones Economic Sentiment Indicator Gains in January
Monday, January 31, 2011 - 2:16pm | 384With a gain of just under one point in January, the Dow Jones Economic Sentiment Indicator signaled that the U.S. economy is slowly pulling itself out of the recession. The ESI edged up from 46.1 in December to 46.9 in January, consolidating a positive 2.2 point gain in December. "Fears of a double...
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Verizon to Acquire Terremark - Analyst Blog
Monday, January 31, 2011 - 10:01am | 689Verizon Communications (VZ), the second largest U.S. phone company, intends to acquire information technology (IT) service company Terremark Worldwide Inc. (TMRK) for $1.4 billion in cash. Verizon will pay $19 per share for Terremark through the tender offer between February 10 and February 17...