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As Adobe Buyout Rumors Grow, The Firm's Co-Chair Sells 20,000 Shares
Tuesday, October 26, 2010 - 11:06am | 140Who will buy Adobe Systems Incorporated (NASDAQ: ADBE)? Anyone? The rumor mill pegs Microsoft (NASDAQ: MSFT) or Apple (NASDAQ: AAPL) as being the prime candidates for an Adobe acquisition – the former because it needs Adobe, the latter because it reportedly has plenty of cash to share. Despite the...
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Stratasys Flying After Earnings (SSYS)
Tuesday, October 26, 2010 - 10:53am | 72Shares of Stratasys (NASDAQ: SSYS) have jumped 17.31% to $33.31 after the company released its earnings results. SSYS reported EPS of $0.16 compared to Wall Street analysts' consensus estimates of $0.12. Revenues were up 24.7% year over year. Stratasys, Inc. is a manufacturer of three-dimensional...
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IBM Jumping On Massive Buyback Announcement (IBM)
Tuesday, October 26, 2010 - 10:26am | 38Shares of International Business Machines Corp. (NYSE: IBM) just started spiking up on news that the tech titan announced a $10 billion buyback offer. At last check, shares were up $1.55 to $141.39.
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IBM Board Approves Quarterly Cash Dividend of $.65
Tuesday, October 26, 2010 - 10:26am | 33The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $0.65 per common share, payable December 10, 2010 to stockholders of record November 10, 2010.
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Stratasys Reports Third Quarter EPS of $.16
Tuesday, October 26, 2010 - 7:29am | 160Stratasys, Inc. (NASDAQ: SSYS) today announced third quarter financial results. The company reported revenue of $30.3 million for the third quarter ended September 30, 2010, a 24% increase over the $24.3 million reported for the same period in 2009. System shipments for the third quarter totaled a...
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Sell-Off Continues In Cirrus Logic (CRUS)
Monday, October 25, 2010 - 3:31pm | 136The sell off in Cirrus Logic (NASDAQ: CRUS), which began in August and intensified after the company's most recent earnings report, is continuing on Monday. The stock has fallen 1.89% to $12.97, despite a broad based rally in U.S. equity markets. Now may be time to step in for traders that are...
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Chasing Value: Apple's Cash Is Different
Monday, October 25, 2010 - 1:50pm | 186When you write about Apple (NASDAQ: AAPL), you inevitably hear from some naive person informing you that, "You just don't get it; Apple is different." There are certainly many things about Apple that are very different, but in the context of the "you just don't get it" crowd, it is absolutely not....
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IBM Announces Contract with Clark County Family Services
Monday, October 25, 2010 - 1:26pm | 57IBM (NYSE: IBM) today announced that Nevada's Clark County Family Services Department is using IBM business analytics software to improve the delivery of social services and ensure compliance with new state regulations. Furthermore, IBM has helped Clark County generate more than $7 million in new...
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The Hertz Corporation Teams with IBM and Mindshare Technologies
Monday, October 25, 2010 - 1:22pm | 64IBM (NYSE: IBM) today announced that The Hertz Corporation (NYSE: HTZ) and Mindshare Technologies are using IBM analytics software to examine customer survey data including text messages to better identify car and equipment rental performance levels for pinpointing and making the necessary...
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IBM Unveils New Information Management and Analytics Software
Monday, October 25, 2010 - 1:15pm | 54IBM (NYSE: IBM) today introduced new software that combines the most sophisticated business analytics and optimization capabilities for today's evolving workforce. For the first time, the new offerings combine social networking and collaboration capabilities for the burgeoning mobile workforce,...
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Shorting before the Season
Monday, October 25, 2010 - 11:15am | 264Written by Michael Bigger. Follow me on Twitter and StockTwits. In our trading portfolio, we usually increase our short position in market futures just before the earnings season starts. As you know, the market often overreacts to perceived negative news, especially when companies report earnings...
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Zacks Bull and Bear of the Day Highlights: Berkshire Hathaway, Universal Forest Products, Verizon, AT&T and Apple - Press Releases
Monday, October 25, 2010 - 10:30am | 1938For Immediate Release Chicago, IL – October 25, 2010 – Zacks Equity Research highlights: Berkshire Hathaway (BRK.B) as the Bull of the Day and Universal Forest Products Inc. (UFPI) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Verizon Communications (VZ), AT&T...
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NCR Corp. Beats Expectations - Analyst Blog
Friday, October 22, 2010 - 5:03pm | 878NCR Corp. (NCR) posted decent third quarter earnings per share of 46 cents per share, beating the Zacks Consensus Estimate of 33 cents. Subsequently, shares soared 1.80% in after-market trade. Revenue NCR Corp. reported third quarter 2010 revenue of $1.21 billion, an increase of 6.3% from $1....
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Crowell Weedon Raises Price Target On Apple (AAPL)
Friday, October 22, 2010 - 3:57pm | 141Crowell Weedon is reiterating its Buy rating and raising its price target to $375 on Apple Inc. (NASDAQ: AAPL). In a note to clients, Crowell writes, "On the strength of new products (iPhone 4 and iPad) Apple's Q4 was a record quarter, highlighted by revenue of $20.3 billion (B) and EPS of $4.64,...
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The 5 Dumbest Things on Wall Street: Oct. 22
Friday, October 22, 2010 - 1:57pm | 2275. Steve Jobs Makes a Lousy Call So Steve Jobs was compelled to hop on his company's conference call on Tuesday. And why not? Apple (NASDAQ: AAPL) had more than one great story to tell. In fact, it was poised to dominate the headlines for all the right reasons all week long. We imagine any chief...