-
What's Hot On TheStreet
Thursday, September 2, 2010 - 12:23pm | 295Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Apple Drops Intel From New TV Box Apple's (NASDAQ: AAPL) newest twist in TV hands Intel (NASDAQ: INTC) yet another defeat. The new, radically smaller Apple TV is the third attempt by Apple to build a set-top box...
-
Afternoon Market Update
Thursday, September 2, 2010 - 11:47am | 210Crude-oil futures fluctuated today, as the US stocks showed a slight rise recently. Crude for October delivery rose about or 0.2% to $74.05 a barrel on the New York Mercantile Exchange (NYMEX). Oil initiated the day on a negative note, but covered its losses after some time. 3Par Inc is likely to...
-
Cirrus Logic Surging (CRUS, AAPL)
Thursday, September 2, 2010 - 11:40am | 124Shares of Cirrus Logic (NASDAQ: CRUS) are surging once again today on strong volume. Cirrus, a smart grid technology and sound-chip company, has attracted a lot of attention as an Apple (NASDAQ: AAPL) derivative play. Apple is a large customer for Cirrus and its fortunes are tied to the iconic...
-
Bookkeeping: Selling 30% of Amazon.com (AMZN) as Whispers Surface of Netflix (NFLX) Competition
Thursday, September 2, 2010 - 11:20am | 546In the market that makes no sense, Netflix (NFLX) announces an agreement with Apple (AAPL)... and then stories surface of Amazon.com (AMZN) an creating a Netflix streaming competitor. But as long as Chinese PMI and US ISM is positive, who cares... everyone can win (both stocks rally!) just like in...
-
Snap Commentaries From Oppenheimer
Thursday, September 2, 2010 - 11:02am | 460Oppenheimer published these commentaries focusing on energy, technology, healthcare, financial institutions, and consumer & business services. Energy: ExxonMobil Corporation (NYSE: XOM) expects natural gas prices in North American to remain depressed for the next two years, refining margins...
-
Dell Surrenders In 3Par Bidding War
Thursday, September 2, 2010 - 10:40am | 116Shares of 3Par Inc. are seen trading higher today as Dell (NASDAQ: DELL) bows out of the race to acquire the California based cloud computing service provider. Hewlett Packard (NASDAQ: HPQ) has agreed to buy 3Par for $33 per share. This announcement comes after weeks of battling to acquire 3Par...
-
Hewlett-Packard Wins, Maybe Loses
Thursday, September 2, 2010 - 10:28am | 68Dell (Nasdaq: DELL) has confirmed that it will not revise it's bid for 3Par (NYSE: PAR) and thus Hewlett-Packard (NYSE: HPQ) will likely get 3Par for $33. Hewlett-Packard is paying a big premium for 3Par from what it was trading at just a month ago.
-
Dell Declines To Match (DELL, PAR, HPQ)
Thursday, September 2, 2010 - 10:27am | 55Dell (NASDAQ: DELL) just confirmed it is declining to match the newest bid for 3PAR (NYSE: PAR). Hewlett-Packard (NYSE: HPQ) announced this morning it was bidding $33 per share for the company.
-
3PAR Formally Accepts HP's Bid (HPQ, PAR, DELL)
Thursday, September 2, 2010 - 9:51am | 683PAR (NYSE: PAR) just formally accepted Hewlett-Packard's (NYSE: HPQ) bid at $33 per share. Yesterday, Dell (NASDAQ: DELL) had raised its offer for PAR to $32 per share, bettering HP's offer it made on Friday. Shares of PAR are trading at at $33.81, up $1.73 on the day.
-
HP Announces Revised Offer Price for 3PAR of $33 per Share (HPQ, PAR)
Thursday, September 2, 2010 - 9:25am | 91HP (NYSE: HPQ) today announced that it is increasing its tender offer to acquire all of the outstanding shares of 3PAR Inc. (NYSE: PAR) to $33 per share in cash. HP’s tender offer commenced on August 27, 2010 and it is scheduled to expire at 12:00 midnight, New York City time on September 24, 2010...
-
Jobs Continues To Surprise At Apple Event
Thursday, September 2, 2010 - 8:27am | 186Apple's (NASDAQ: AAPL) Steve Jobs introduced a refreshed line of iPods, Apple TV, a rejuvenated version of iTunes as well as iOS 4.1. According to a Deutsche Bank Report, the event mainly in line with expectations. Based on valuation, the shares are rated a Buy. Highlights from the iPod...
-
Benzinga’s Top Upgrades (RTP, MPEL, CRH, HPQ)
Thursday, September 2, 2010 - 8:07am | 155Rio Tinto Plc (NYSE: RTP) was upgraded by RBC Capital from “sector perform” to "outperform." RTP’s shares closed at $54.11 yesterday. RTP’s earnings are likely to increase by 14512.50% in the next year. Morgan Stanley upgraded Melco Crown Entertainment Ltd (NASDAQ: MPEL) from "equal weight” to "...
-
Apple Continuing To Impact Consumer Digi-Life
Thursday, September 2, 2010 - 7:51am | 109Apple Inc. (NASDAQ: AAPL) should see a positive effect on its stock after hosting a new product event in JP Morgan's view. JP Morgan currently rates as Overweight, and Apple will showcase its new iPod and Apple TV product enhancements with lower pricing, and will also highlight an upcoming iOS...
-
Qriocity: Sony's Upcoming Cloud-Based Music Service
Wednesday, September 1, 2010 - 4:30pm | 221Apple (AAPL) may have made some waves today with its latest line of products, Apple TV, and new social networking additions to iTunes, but Sony (SNE) is quietly working in the background to build a music service to challenge the market. CNet is reporting that Sony will launch a new music and video...
-
Apple Unveils Latest Line of Products
Wednesday, September 1, 2010 - 3:58pm | 500Apple (NASDAQ: AAPL)released a multitude of new products today as Steve Jobs continues to leave the public in awe. While most knew to expect the yearly upgrade of iPods the rest of just speculation. Jobs began with the new operating system which is to be the platform on the new product lines....