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Benzinga’s Top Downgrades (BKC, SMCI, PH, FE)
Wednesday, August 4, 2010 - 7:42am | 158Burger King Holdings Inc (NYSE: BKC) was downgraded by RW Baird from “outperform” to “neutral.” BKC’s shares closed at $17.17 yesterday. Burger King’s quarterly earnings dropped 13.09% y/y. Merriman Curhan Ford downgraded Super Micro Computer Inc (NASDAQ: SMCI) from "buy" to "neutral." SMCI’s...
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New Tablet Competition From Motorola And Verizon
Wednesday, August 4, 2010 - 7:00am | 187It has to be frustrating to Verizon Communications Inc. (NYSE: VZ) to stand by and watch the success of the Apple Inc.'s (Nasdaq: AAPL) iPhone and iPad which helps its major rival AT&T Inc. (NYSE: T). Verizon apparently will attack AT&T where it could hurt. It will build a tablet PC with...
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Super Micro Computer Falls 11% On Mixed Results (SMCI)
Tuesday, August 3, 2010 - 7:35pm | 311Super Micro Computer, Inc (Nasdaq: SMCI) on Tuesday after the market closed released financial results that missed Wall Street earnings expectations, while beating revenue estimates. Super Micro Computer, Inc reported that its fiscal 4th quarter net income jumped 227.2% to $7.7 million, or 18 cents...
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Juniper Wins AT&T Deal - Analyst Blog
Tuesday, August 3, 2010 - 4:45pm | 578Leading networking infrastructure products and services provider Juniper Networks Inc. (JNPR) recently announced that it has been selected as a key networking supplier by the leading telecom company AT&T Inc. (T). Financial terms of the agreement were not disclosed. As per the terms of...
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HP Settles DOJ Litigation - Analyst Blog
Tuesday, August 3, 2010 - 4:19pm | 677As per the latest disclosure made by the largest computer maker Hewlett-Packard Co. (HPQ), the tech major has agreed to settle a lawsuit in principle imposed against it by the Department Of Justice (DOJ). The government body has previously accused Hewlett-Packard and other tech giants, of...
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IBM Acquires Coremetrics - Analyst Blog
Tuesday, August 3, 2010 - 1:49pm | 619International Business Machines Corp. (IBM) announced the completion of the acquisition of Coremetrics, a privately held company, based in San Mateo, California to expand its software and services business. Financial details of the acquisition were not disclosed. IBM had earlier announced its plans...
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Mobile Phone Shipments Upped - Analyst Blog
Tuesday, August 3, 2010 - 1:15pm | 1445According to the latest research by IDC, worldwide shipment of mobile phones jumped 14.5% year over year to 317.5 million units in the second quarter of 2010. The year-over-over growth was mainly attributable to a rising demand for smartphones and iPhones as well as increased user base and a...
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Tuesday’s Mid-day Options Volume Leaders (PFE, C, AAPL, F, BAC, SPY)
Tuesday, August 3, 2010 - 11:13am | 157The overall market is waning this morning, currently the S&P 500 (NYSE: SPY) is lower by 4 points, trading at 1,122; this is expected given the large rally we had yesterday and the tepid earnings reports this morning. Crude oil futures are up another 0.50% this morning as well. Nat gas is...
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Small-Cap Tech Stocks With Blowout Earnings
Tuesday, August 3, 2010 - 8:55am | 363BOSTON (TheStreet) -- Technology companies have produced blowout earnings, with companies such as Apple (Nasdaq: AAPL) and Intel (Nasdaq: INTC) hogging the headlines. Here are five small-cap tech firms thriving in the recovery of business spending. They are ordered by net-income growth, from fast...
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US Stock Futures Fall As Investor Sentiment Sours
Tuesday, August 3, 2010 - 8:47am | 293US stock futures fell today after the rally in the previous session. Investor sentiment took a hit after some key firms reported disappointing earnings reports. While futures on the Dow Jones Industrial Average slipped 23 points to 10594, those on the S&P 500 lost 2.50 points to 1119.30....
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Blackberry Plans to Release a BlackPad (RIMM)
Monday, August 2, 2010 - 1:21pm | 144In order to keep the competition fresh, Research in Motion (NASDAQ: RIMM), maker of the Blackberry line of smartphones, is planning and researching a product to compete with Apple Inc. (NASDAQ: AAPL)’s iPad. Rumors are circulating that the computer tablet will be roughly the same size as the iPad...
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Morgan Keegan’s Q2 Handset Review (AAPL, RIMM, LGL, NOK)
Monday, August 2, 2010 - 1:02pm | 267Morgan Keegan is out with its second quarter handset review this morning, where they analyze the Q2 results form the publicly available information on handset providers constituting 79% of the industry’s volume and the vast majority of the industry’s revenues/profits. They found out that Q2 was a...
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Microsoft Announces New Office Suite for Apple Users (MSFT, AAPL)
Monday, August 2, 2010 - 12:09pm | 124Microsoft Corp. (NASDAQ: MSFT) said on Monday that it would release the updated version of its lucrative Office software package for Apple Inc. (NASDAQ: AAPL) computers in late October, with a starting price of $119. The world's largest software company's "Office for Mac 2011" software suite will...
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Monday’s Mid-day Options Volume Leaders (C, AAPL, BAC, BP, F, SPY)
Monday, August 2, 2010 - 11:15am | 129The overall market is screaming higher today; currently, the S&P 500 (NYSE: SPY) is higher by 21 points, trading at 1,122. It appears that under-invested longs are flowing money into the market after have less-than-stellar performance versus indexes in July. Here are your mid-day options...
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Bargain Dividend Stocks Keep Paying Off
Monday, August 2, 2010 - 7:39am | 308NEW YORK (TheStreet) -- Hersh Cohen, the manager of Legg Mason ClearBridge Equity Income (SOPAX) who has been investing in dividend stocks for four decades, is finding some of the biggest bargains of his career. They include such companies as H.J. Heinz (NYSE: HNZ), Johnson & Johnson (NYSE: JNJ...