-
Galleon's Rajaratnam Wins With Wiretap Hearing
Friday, August 13, 2010 - 3:24pm | 227Raj Rajaratnam may not win his case against insider trading, but he has won a small victory Reuters reports. Rajaratnam has won a small victory when the judge in his case, Hon. Richard Holwell, threw out the wiretap evidence that U.S. prosecutors were preparing to use against him. "Whether or not...
-
Consumer Stays Home - Retail Sales Flat 08-13-2010
Friday, August 13, 2010 - 2:57pm | 942Cusick’s Corner The data that came out this morning was encouraging on the surface, but in reality, when you take out car and gas sales, we’re still in a very fragile recovery. Small Caps, RUT, and Tech, XLK, continue to lag, weighing down a potential upside run. The lack of participation is these...
-
Hewlett-Packard Registering Gains, Big Call Volume (HPQ)
Friday, August 13, 2010 - 2:14pm | 167Shares of Hewlett-Packard (NYSE: HPQ) have been devastated in the wake of CEO Mark Hurd's unexpected resignation. Prior to the announcement, the stock was trading in the +$46 range. During today's trading session, HPQ has gained 1.52% to $40.75. The stock's valuation looks very cheap. It is trading...
-
Dell Taken To Court Again
Friday, August 13, 2010 - 2:08pm | 253Hardware giant Dell (NASDAQ: DELL) has been accused of withholding evidence, including emails in a lawsuit over faulty computers it sold to various businesses, in a lawsuit filed on Thursday. Advanced Internet Technologies, a Fayetteville, NC based IT firm, filed a motion in the Federal District...
-
Afternoon Market Update (JCP, GAP, UNCA, IBM)
Friday, August 13, 2010 - 1:55pm | 246JC Penney Co (NYSE: JCP) swung to profit in its second quarter, driven by gains in comparable sales, along with a fall in pension-plan expenses. However, the company issued weaker-than-expected projections for the third quarter and full year. Analyst Michelle Clark at Morgan Stanley mentioned, “...
-
Top Narrow Based Indexes For August 13 (UNCA, SORL, BYI)
Friday, August 13, 2010 - 1:43pm | 253By 12:46 pm, the Dow Jones Industrial Average was up 6.59 points, or 0.06%, to 10,326.54, while the broader Standard & Poor's 500 index had lost 0.89 points, or 0.08%. The NASDAQ composite index fell 7.74 points, or 0.35%. Some of the narrow based indexes that are supporting the market are...
-
Benzinga’s Volume Movers (UNCA, SPRD, RMBS, ADSK)
Friday, August 13, 2010 - 1:31pm | 194Unica Corporation (NASDAQ: UNCA) shares surged 117.54% to $20.77 at 12:05 pm. The volume of UNCA shares traded was 18915% higher than normal. IBM (NYSE: IBM) has agreed to buy UNCA for $21 per share, or $480 million in a cash transaction, valuing UNCA at a premium of 120% over its previous session’...
-
HP's Top Lawyer Back in Eye of Storm
Friday, August 13, 2010 - 1:21pm | 170Hewlett-Packard Co's (NYSE: HPQ) top lawyer, Mike Holston, came to the company on the wings of a board spying scandal in 2006. He is now at the center of another storm, this time surrounding the ouster of his friend, Chief Executive Mark Hurd. As HP's general counsel, Holston's office helped direct...
-
Creative Destruction in the Smartphone Market
Friday, August 13, 2010 - 1:15pm | 893With the mobile phone market already saturated in the developed world (see my past post on S-Curves), operators and manufacturers alike have looked to the smartphone “trade up” market for growth. Just as there were winners and losers in the original race for mobile phone supremacy, there will be...
-
Dell Making Headway in Schools - Analyst Blog
Friday, August 13, 2010 - 1:07pm | 669According to the latest findings of the market research firm IDC, more and more schools and universities across the world are deploying Dell Inc.’s (DELL) technology solutions. The growing popularity has made the PC maker the top world-wide provider of computing solutions for the education sector...
-
Are iPads Eroding E-Reader Sales? - Analyst Blog
Friday, August 13, 2010 - 1:07pm | 597The budding e-reader space suddenly sees its work cut out. Apple’s (AAPL) iPad tablet, launched in April this year, is believed to be stealing sales and forcing e-reader makers to slash prices. Even those with a head start are feeling the heat, and with several new entrants flocking into the...
-
Friday’s Mid-day Options Volume Leaders (C, BAC, AAPL, CSCO, HPQ, SPY)
Friday, August 13, 2010 - 12:21pm | 122The overall market is struggling with the flat line today; currently the S&P 500 (NYSE: SPY) is trading at 1,082, off just 1.32 points. Retailers are lagging the market; the group is collectively down 1.0%. Here are your mid-day options volume leaders… 1. Citigroup (NYSE: C) 98,851 contracts...
-
Mid-Day Market Movers (UNCA, PRXI, DYN, ALY)
Friday, August 13, 2010 - 11:22am | 184Unica Corporation (NASDAQ: UNCA) jumped 117.28% to $20.75 at 10:26 am. IBM (NYSE: IBM) has agreed to buy UNCA for $21 per share, or $480 million in a cash transaction, valuing UNCA at a premium of 120% over its previous session’s closing price. Premier Exhibitions Inc (NASDAQ: PRXI) shares surged...
-
Mid-Day Market Movers (UNCA, PRXI, DYN, ALY)
Friday, August 13, 2010 - 11:21am | 184Unica Corporation (NASDAQ: UNCA) jumped 117.28% to $20.75 at 10:26 am. IBM (NYSE: IBM) has agreed to buy UNCA for $21 per share, or $480 million in a cash transaction, valuing UNCA at a premium of 120% over its previous session’s closing price. Premier Exhibitions Inc (NASDAQ: PRXI) shares surged...
-
IBM To Acquire Unica
Friday, August 13, 2010 - 10:08am | 217IBM (NYSE: IBM) today has decided to buy Unica in an all-cash $480 million to expand its global portfolio of software and technology services. It would pay around $21 per Unica share, a premium of around 120 percent from Thursday's close of $9.55. As a result, Unica (NASDAQ: UNCA) jumped to $20.81...