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Company News for September 10, 2010 - Corporate Summary
Friday, September 10, 2010 - 10:06am | 911• National Semiconductor (NYSE: NSM) posted fiscal first quarter results of 36 cents a share, one cent below estimates, on revenues of $412 million, below consensus projections of $415 million. The company CEO noted, "In the near term, slower growth in our end markets and distribution channel,...
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Nokia Sees Change at the Helm - Analyst Blog
Friday, September 10, 2010 - 10:06am | 951Time is up for Mr. Olli-Pekka Kallasvuo, the beleaguered CEO of Nokia Corp. (NOK). Today, the Board of Directors of Nokia has taken a decision to replace Kallasvuo with Mr. Stephen Elop from Microsoft Corp. (MSFT). Since last July, industry circle was rife with the speculation that Nokia...
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IBM Opens Service Delivery Center in Poland
Friday, September 10, 2010 - 10:01am | 91IBM (NYSE: IBM) and leaders of Poland's business and public sector communities announced that the new IBM technology service delivery center -- located in the Wojdyla Business Park in Wroclaw, Poland -- is now operational. "IBM's global delivery centers are critical in delivering information...
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Jared's Market Commentary - The Final Destination
Friday, September 10, 2010 - 9:25am | 738Last weekend I watched The Final Destination, which is the fourth movie in a series based on some guy sees all these clues about how a bunch of people are going to die. He tries to change fate, tries to warn people, but in the end everybody dies. That's how this market looks, feels, and is...
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Benzinga's Top Pre-Market NASDAQ Losers (SHWC, DELL, RIMM, TRMD)
Friday, September 10, 2010 - 8:51am | 118Smith & Wesson Holding Corporation (NASDAQ: SWHC) dipped 7.07% to $3.68 in the pre-market session. SWHC’s PEG ratio is 0.58. Dell Inc (NASDAQ: DELL) lost 1.86% to $12.15 in the pre-market session. DELL’s trailing-twelve month ROE is 28.87%. Research In Motion Limited (NASDAQ: RIMM) fell 1.80%...
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Options Update: Adobe Volatility Flat
Friday, September 10, 2010 - 7:54am | 85Adobe Systems, Incorporated (Nasdaq: ADBE) closed up $3.55 to $32.86 after Apple, Inc. (Nasdaq: AAPL) eased restrictions on development tools for iOS operating system. ADBE September put option implied volatility is at 33, October is at 36, January is at 36. This is near its 26-week average,...
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The 5 Dumbest Things on Wall Street: Sept. 10
Friday, September 10, 2010 - 6:55am | 7055. Obama's $50 Billion Highway to Nowhere The New Deal. Sending a man to the moon. "Mr. Gorbachev, tear down this wall...." And what does President Obama come up with to inspire our national malaise? Jumpstart the stalled U.S. economy by spending $50 billion to ... pave roads. Clearly, Obama...
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Iron Butterfly - Know Your Options
Thursday, September 9, 2010 - 5:03pm | 908No this is not an article on the rock bank by the same name (they sang ‘In-A-Gadda-Da-Vida’). Instead, this is an options strategy that's seldom talked about, but is a great strategy to know. It's considered a neutral strategy, and you would employ this method if you believe a stock will trade...
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Bookkeeping: Short Intituitve Surgical (ISRG) and NASDAQ OMX (NDAQ)
Thursday, September 9, 2010 - 2:59pm | 1140The list of stocks below their 20, 50, and 200 day moving averages after this hectic 6% rally in a week and a half is quite limited - only about 220 names that have any sort of decent volume to them and a market cap north of $300M. (list of losers here) Hence if they have an inability to rally...
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Late Market Roundup (DB, AAPL, ADBE, DAL, HA, GOL)
Thursday, September 9, 2010 - 2:58pm | 368Shares of Deutsche Bank AG (NYSE: DB) fell after Bloomberg said in a report that DB was looking forward to raising more than $11 billion by selling stocks. Equity strategist Peter Boockvar of Miller Tabak said, "They will likely not be the only bank that will have to raise more money." Although the...
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ZAGG Products Now Available for New Apple Devices
Thursday, September 9, 2010 - 2:31pm | 72ZAGG Inc. (NASDAQ: ZAGG) has begun selling its invisibleSHIELD and ZAGGskins protection for Apple’s (NASDAQ: AAPL) new lineup of digital media devices. Announced on September 1st and available now, the latest in Apple’s iPod touch, iPod nano, and iPod shuffle lines feature hardware and software...
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Benzinga's Volume Movers (ADBE, WCRX, ARMH, IGTE)
Thursday, September 9, 2010 - 2:16pm | 177Adobe Systems Incorporated (NASDAQ: ADBE) shares jumped 11.43% to $32.66 at 12:17 am. The volume of ADBE shares traded was 464% higher than normal. Apple Inc (NASDAQ: AAPL) relaxed the restrictions that earlier discouraged mobile application developers for Apple's app store from deploying Adobe's...
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Tesco Launches First Ever iPhone Shopping App (AAPL, TESO)
Thursday, September 9, 2010 - 1:58pm | 64Tesco (NASDAQ: TESO) has announced that it is launching its first ever shopping app for Apple (NASDAQ: AAPL) iPhone. The announcement represents a landmark moment for the supermarket, as this is the first time that Tesco has created a shopping portal that is specifically optimised for the iPhone.
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What's Hot On TheStreet
Thursday, September 9, 2010 - 12:33pm | 316Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Blackouts Cast Shadow on NFL Opener Tonight's NFL kickoff is worthy of a party in New Orleans, but means a half-season without a team for fans in Oakland, Jacksonville and elsewhere. Blackberry Apps Remain...
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Apple Surges Into Key Resistance Range
Thursday, September 9, 2010 - 11:56am | 171Apple Inc. (NASDAQ: AAPL) continues to remain strong as rumors of a possible stock split float. While this rumor seems to be keeping the stock higher, it is important to look at the technical levels of the chart. The stock has risen from just over $230.00 to a high today of $266.52. This move has...