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Zoran Urges Stockholders to Vote "FOR" the CSR Merger
Friday, August 26, 2011 - 8:04am | 46Zoran Corporation (NASDAQ: ZRAN) today reiterated its recommendation that stockholders vote "FOR" its proposed merger with CSR plc. Zoran's special meeting of stockholders is fast approaching, and it is extremely important that stockholders vote as soon as possible.
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Morgan Keegan Lowers PT On OmniVision Technologies To $31
Friday, August 26, 2011 - 8:02am | 28Morgan Keegan has lowered the price target on OmniVision Technologies (NASDAQ: OVTI) from $34.50 to $31 and maintains its Market Perform rating.
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Benzinga's Top Pre-Market Losers
Friday, August 26, 2011 - 7:49am | 106OmniVision Technologies Inc (NASDAQ: OVTI) fell 22.24% to $19.30 in the pre-market trading. OVTI issued downbeat second-quarter forecast. Frontline Ltd (NYSE: FRO) dipped 3.24% to $6.27 in the pre-market session. FRO swung to a Q2 net loss. Freeport-McMoRan Copper & Gold Inc (NYSE: FCX)...
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JP Morgan Lowers PT On OmniVision Technologies To $36.50
Friday, August 26, 2011 - 6:05am | 27JP Morgan has lowered the price target on OmniVision Technologies (NASDAQ: OVTI) from $41 to $36.50 and maintains its Overweight rating.
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Mad Money Lightning Round: Cramer Likes ConocoPhillips, Travelers Companies
Friday, August 26, 2011 - 3:44am | 373On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Travelers Companies (NYSE: TRV) is the “cheapest stock in the Dow. I want to buy Travelers right here." For Micron Technology (NASDAQ: MU), he said, "You don't want to own Micron. It's not a good tech stock and it's not the...
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Stocks To Watch For August 26
Friday, August 26, 2011 - 3:27am | 207Some of the stocks that may grab investor focus today are: Krispy Kreme Doughnuts (NYSE: KKD) reported upbeat second-quarter results. The company's profit came in at $8.8 million, or $0.12 per share, on sales of $98 million. Excluding a one-time gain, the company's earnings came in at $0.06 per...
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Benzinga's Top ETF Gainers, August 25th (SOXS, TZA, ERY, EPV)
Thursday, August 25, 2011 - 6:45pm | 204Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) spiked 7.99% on Thursday, and closed at $97.31. In the semiconductor space, Applied Materials, Inc. (NASDAQ: AMAT) fell 4.84%, and Texas Instruments Incorporated (NYSE: TXN) lost 3.06%. Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA)...
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OmniVision Technologies Rises on Record Revenues
Thursday, August 25, 2011 - 4:28pm | 194Shares of OmniVision Technologies (NASDAQ: OVTI) are trading higher in the after-hours following the release of the company's Q1 earnings results. Currently, shares are higher by 0.74%, trading at $25.00; they ended the regular session lower by 3.87%, at $24.82. OmniVision Technologies reported...
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The First Hour Is The Only Hour For Day Traders
Thursday, August 25, 2011 - 3:56pm | 289Anyone who has ever traded these markets for any considerable amount of time knows that the first hour to ninety minutes of the day is the best part of the day. This is a time period when there is volume in the market. Day traders can actually trade off of good support and resistance level. Active...
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Sterne Agee Reiterates Buy Rating on Advanced Micro Devices
Thursday, August 25, 2011 - 3:06pm | 158Sterne Agee is out with a research report this afternoon, where it reiterates its Buy rating on Advanced Micro Devices (NYSE: AMD); it has a $15.00 price target on the stock. The SA analysts cited the company's recent announcement that they have appointed a new CEO. AMD has been without a...
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Notable Call Options Activity in Entropic Communications
Thursday, August 25, 2011 - 12:48pm | 83Shares of Entropic Communications (NASDAQ: ENTR) are lower on the session by 0.13%, currently trading at $3.96. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the...
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Midday Losers; Atmel Down on Heavy Volume
Thursday, August 25, 2011 - 12:43pm | 97Atmel Corporation (NASDAQ: ATML) -7.05% on heavy volume. Genon Energy NYSE: GEN) -8.25% after the announcement that the company's president and COO steps down. Hormel Foods(NYSE: HRL) -6.26% on downbeat earnings. Delta Air Lines (NYSE: DAL) -6.07% on average volume. JetBlue Airways (NASDAQ:...
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Morning Gainers; TiVo up Following Upbeat Earnings
Thursday, August 25, 2011 - 10:27am | 75TiVo (NASDAQ: TIVO) +17.12% on upbeat earnings reported yesterday. Zillow (NASDAQ: Z) +10.81% after reporting Q2 earnings. Morgan Stanley (NYSE: MS) +5.82% after the Bank of American deal with Warren Buffett was announced. Cavium (NASDAQ: CAVM) +7.96% after the company's COO bought 20K shares...
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Morgan Keegan Comments On Semtech's July Quarter
Thursday, August 25, 2011 - 9:23am | 95Morgan Keegan has published a research report on Semtech Corporation (NASDAQ: SMTC) after the company reported July quarter results. In the report, Morgan Keegan writes, "SMTC reported July quarter results of $0.49/$130.3 million vs. consensus of $0.48/$129.3 million. A lower than expected tax...
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AMD Names Rory P. Read President and CEO
Thursday, August 25, 2011 - 9:15am | 154AMD (NYSE: AMD) announced that its Board of Directors has appointed Rory P. Read, 49, President and Chief Executive Officer of AMD, effective today. Mr. Read has also been appointed to the Company's board of directors. Read joins AMD from Lenovo Group, Ltd., where he was most recently President...