-
Microsoft Founder Paul Allen Suing a Bunch of Tech Companies
Tuesday, August 31, 2010 - 1:05am | 235Paul Allen, one of the co-founders of Microsoft (MSFT), is suing Google (GOOG), Apple (AAPL), Facebook, YouTube, Yahoo (YHOO), eBay (EBAY), Netflix (NFLX), AOL (AOL), Office Depot (ODP), OfficeMax (OMX), and Staples (SPLS). He is claiming that the companies are infringing on the patents held by...
-
Welcome To the (Tech) Jungle: Cisco’s Reaching Up to Skype?
Monday, August 30, 2010 - 9:17pm | 1670By Dian L. Chu, Economic Forecasts & Opinions Merger mania is definitely back in the Tech sector. HP (HPQ) and Dell (DELL) are still seriously locking horns over 3PAR (as of this writing.) Intel’s (INTC) acquiring Infineon’s wireless business for about $1.4 billion in cash, less than two...
-
Gary Kaminsky Is A Seller Of Hewlett-Packard Company (HPQ) On The Buyback News
Monday, August 30, 2010 - 7:35pm | 154Gary Kaminsky said on CNBC's Fast Money that investors should sell Hewlett-Packard Company (NYSE: HPQ) shares, after the company announced the buyback of its shares. He explained that the history has taught us that technology stocks have underperformed after the announcement of buybacks. Intel...
-
Stocks Slammed On Monday (SPY, QQQQ, GLD, USO, TLT, UUP)
Monday, August 30, 2010 - 4:56pm | 412The trading week got off to a very shaky start on Monday as stocks sold off throughout the day with the momentum accelerating further to the downside in the final half hour. The Dow Jones Industrial Average lost 141 points and closed at just above 10,009. The SPDR S&P 500 ETF (NYSE: SPY) shed...
-
Dow Plunges 140 Points On Economic Fears (DJIA, BAC, WFC, JPM, SPX, HPQ)
Monday, August 30, 2010 - 4:11pm | 177The Dow Jones Industrial Average (DJIA) today plunged 140 points, or 1.39%, to 10,009 as investors remained cautious ahead of key economic reports this week. Bank of America (NYSE: BAC) led the Dow lower, declining 2.69% to a fresh 52-week low. Shares closed at $12.32. Wells Fargo (NYSE: WFC)...
-
Merger Monday 08-30-2010
Monday, August 30, 2010 - 3:15pm | 816Cusick’s Corner Why is there all this merger talk? Cash -- these large caps are sitting on cash and they have to spend it either on a competitor or buy a struggling best of breed in a segment that may strengthen position in that market space or balance sheet. A great example of this is Intel’s (...
-
News Of Additional Buyback Boost HPQ Shares
Monday, August 30, 2010 - 1:21pm | 167Hewlett-Packard Co. (NYSE: HPQ) had decided to add $10 billion to its ongoing share buyback program. Shares of HPQ have been sliding following the resignation of its CEO Mark Hurd. The Palo Alto, California-based company announced that its board of directors had authorized the addition of $10...
-
Top Narrow Based Indexes For August 30 (IDI, HPQ, ZAGG)
Monday, August 30, 2010 - 1:12pm | 202By 12:51 pm, the Dow Jones Industrial Average was down 46.93 points, or 0.46%, to 10,103.72, while the broader Standard & Poor's 500 index had lost 4.98 points, or 0.47%. The NASDAQ composite index fell 11.17 points, or 0.52%. Some of the narrow based indexes that are still afloat in the...
-
Top Performing Industries For August 30 (CTEL, JADE, DELL, UVV)
Monday, August 30, 2010 - 12:30pm | 234At 11:46 am, the Dow lost 0.74% to 10,075.12, the broader Standard & Poor's 500 index moved down 0.76% to 1,056.48 and the NASDAQ composite index fell 0.74% to 2,137.74. The industries that are still afloat in the market today are: Telecom Services - Foreign: This industry jumped 1.56% by 11:46...
-
Intel Eyes Infineon Wireless Unit - Analyst Blog
Monday, August 30, 2010 - 12:27pm | 824Intel Corp., (INTC) which recently acquired security-software maker McAfee Inc. (MFE) in a $7.68 billion transaction, is believed to be nearing a deal to acquire the wireless business of Infineon Technologies. Infineon, a German semiconductor company, is known for its processors used in smartphones...
-
IBM Takes Over AT&T Unit - Analyst Blog
Monday, August 30, 2010 - 12:27pm | 1030International Business Machines Corp. (IBM) completed the acquisition of AT&T Inc.’s (T) Sterling Commerce unit. As previously announced in May 2010, IBM signed a definitive agreement to buy Dublin, Ohio-based Sterling Commerce for $1.4 billion in cash. AT&T expects to record a gain of...
-
News Summary (HPQ, PAR, ORCL, AAPL, IBM, INTC, IFNNY, GENZ, SNY, BAC, C)
Monday, August 30, 2010 - 10:50am | 284US Tech stocks moved up today, with Hewlett-Packard Co (NYSE: HPQ) as the top performer in the list, after H-P approved a stock buyback worth $10 billion. Also, 3Par Inc (NYSE: PAR) is planning to accept an offer of $2 billion or $30 per share from H-P. Some of the others movers in the list were...
-
HP shoots for 3Par with latest "superior" offer
Monday, August 30, 2010 - 9:35am | 171The latest offer by Hewlett-Packard Co (NYSE: HPQ) to buy 3Par (NYSE: PAR) for $30 a share, or nearly $2 billion, has been called a "superior proposal" compared to Dell's (NASDAQ: DELL) $27 a share offer by the 3Par board of directors. Dell has three business days to make a higher counteroffer,...
-
3PAR (NYSE:PAR): We’ve Got an Old-Fashioned Bidding War!
Monday, August 30, 2010 - 9:13am | 1528I ended my blog on the 3PAR (NYSE:PAR) situation earlier this week with the following paragraph: What will happen next? Michael Dell may reach deeper into his corporate pockets and up the bid once more. Or if Dell walks away, the shares will likely fall quickly back to the 24 dollars that...
-
iLove the Products, Not the Stock
Monday, August 30, 2010 - 7:56am | 270Apple (Nasdaq: AAPL) is a great company with great products and a huge market cap. I have no doubt they will continue cranking out great new ideas. I, for one, love both my iPhone and my iPad. My love for the stock, on the other hand, is another story. Nearly every trader and investor knows, or at...