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H-P Beats EPS Estimates (revised) - Analyst Blog
Tuesday, November 23, 2010 - 2:12pm | 930Hewlett-Packard Company (HPQ) reported fourth quarter 2010 earnings per share (EPS) of $1.33, exceeding the Zacks Consensus Estimate of $1.26. Revenue of $33.3 billion beats the Zacks Consensus Estimate of $32.7 billion. Revenues Revenues increased 8.0% from $30.8 billion reported in the year-ago...
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Top 5 Wellington Positions
Tuesday, November 23, 2010 - 1:47pm | 98A tweet from Zerohedge shows that Wellington Management has its top 5 positions in some well known names, and any forced redemption, could lead to selling in these names. The top 5 positions are Exxon Mobil (NYSE: XOM), Apple (NASDAQ: AAPL), Pfizer (NYSE: PFE), Wells Fargo (NYSE: WFC) and Merck (...
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Apple Trading Near Lows (AAPL)
Tuesday, November 23, 2010 - 1:32pm | 109Given the extent of today's sell off, Apple Computer (NASDAQ: AAPL) is doing fine. The stock is trading 1.69% lower at $308.18. AAPL is near its lows for the day, however, and how the stock handles these levels could be an indication for the overall direction of equities as the day goes on. If...
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Afternoon Market Update
Tuesday, November 23, 2010 - 1:05pm | 172Shares of J Crew Group Inc (NYSE: JCG) surged about 16% after the company agreed to be purchased by TPG Capital and Leonard Green & Partners for about $3 billion or $43.50 per share, representing a 16% premium over JCG's closing price on Monday. JCG reported its Q3 profit at $0.58 per share on...
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Motorola & Kopin Join Forces - Analyst Blog
Tuesday, November 23, 2010 - 12:30pm | 779Motorola Solutions, a business unit of Motorola Inc. (MOT), tied up Kopin Corporation (KOPN) to manufacture a hands-free computer and communications headset. Based on Kopin's advanced system and micro-display technologies, this head worn device will support simulation software, streaming video on...
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RBC Capital Mkts. Increases Price Target (REGN, NOC, HPQ)
Tuesday, November 23, 2010 - 11:32am | 49RBC Capital Mkts. increases its price target on: Regeneron Pharms (NASDAQ: REGN) from $25 to $30. Northrop Grumman (NYSE: NOC) from $63 to $66. Hewlett-Packard (NYSE: HPQ) from $55 to $56.
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Company News for November 23, 2010 - Corporate Summary
Tuesday, November 23, 2010 - 11:18am | 702• Hewlett-Packard (NYSE: HPQ) reported earnings of $1.33 per share, up from estimates of $1.27 per share, on an 8.1% revenue gain to $33.2 billion above estimates of $32.8 billion. The firm's new-year estimate was set at a 13-15% rise to $5.16-$5.26 • Campbell Soup (NYSE: CPB) reported its fiscal...
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New Deals for BMC Software - Analyst Blog
Tuesday, November 23, 2010 - 11:16am | 790Leading large enterprise software company BMC Software Inc. (BMC) recently announced that the New Zealand Transport Agency (NZTA) has successfully implemented its cloud-based, service-desk solution. Financial terms of the deal were not divulged. The NZTA was formed through a merger between two...
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Korean Conflict Sparks Early Selloff
Tuesday, November 23, 2010 - 11:05am | 159Wall Street suffered an early wave of selling at Tuesday's open as the bulls retreated amid uneasiness over North Korea's attack on South Korea and continued debt jitters in Europe. Today's Markets As of 9:33 a.m. ET, the Dow Jones Industrial Average fell 100.58 points, or 0.90%, to 11077.01, the...
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Larry Ellison and the Art of War
Tuesday, November 23, 2010 - 10:59am | 262(TheStreet) -- As evidenced by his headline-grabbing appearance at Oracle's (NASDAQ: ORCL) recent courtroom battle with SAP (NYSE: SAP), Larry Ellison never misses an opportunity to publicly trash the opposition. The fiery Oracle boss has verbally attacked Hewlett-Packard (NYSE: HPQ) and its new...
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Goldman Sachs Initiates Coverage On (PAY, NCR, DBD)
Tuesday, November 23, 2010 - 10:49am | 182Goldman Sachs initiates coverage on Verifone Systems (NYSE: PAY) with a Neutral rating and $31 PT. Pay is a strong global footprint, a leading position in key verticals, and services growth leave PAY well positioned to benefit from increased electronic payments use/acceptance, though current full...
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Stock Market News for November 23, 2010 - Market News
Tuesday, November 23, 2010 - 10:33am | 597Equity markets closed modestly lower Monday, paring deeper losses, as the Federal Bureau of Investigation launched a broader insider-trading probe on Wall Street and Ireland's bailout kept investors guessing about its implications. Financials led the equities lower, weighed down by reports that the...
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Wells Fargo's Earnings Estimates Revisions (ADI, HPQ, PCAR, MU)
Tuesday, November 23, 2010 - 10:27am | 63Wells Fargo has made earnings estimates revisions on the following companies: Analog Devices, Inc.(ADI) FY2010 from $2.28 to $2.32. Hewlett-Packard Co.(HPQ) FY2010 from $4.52 to $4.58. PACCAR Inc. (PCAR) FY2010 $1.38 to $1.30 Micron Technology (MU) FY 2011 from $1.45 to $0.69.
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HP Beats EPS, Misses Rev - Analyst Blog
Tuesday, November 23, 2010 - 10:00am | 982Hewlett-Packard Company (HPQ) reported fourth quarter 2010 earnings per share (EPS) of $1.33, exceeding the Zacks Consensus Estimate of $1.26. However, revenue of $30.8 billion was below the Zacks Consensus Estimate of $32.7 billion. Revenues Revenues increased 8.0% from $30.8 billion...
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Hewlett-Packard On The Fence
Tuesday, November 23, 2010 - 9:54am | 154Deutsche Bank has published a research report on Hewlett-Packard (NYSE: HPQ) as the Enterprise upgrade cycle continues to grow as the consumer base remains soft. In the report, Deutsche Bank writes "HP's consumer PC business was weaker than expected at down 10% Y/Y (vs. enterprise +20 Y/Y) with...