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Google Scoops Up Daily-Deals Startup Dealmap
Tuesday, August 2, 2011 - 7:21am | 205Google (NASDAQ: GOOG) said on Monday that it had agreed to acquire The Dealmap, a startup that aggregates daily-deal offers from around the web. Terms of the deal were undisclosed, but The Dealmap's talent and technology are expected to help bolster Google Offers deals site. The Dealmap was...
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Allot Communications Announces Offering of 5.5M Shares
Monday, August 1, 2011 - 3:04pm | 91Allot Communications Ltd. (NASDAQ: ALLT) today announced that the Company and certain selling shareholders, including certain members of the Company's senior management, are offering for sale 5,465,000 ordinary shares of the Company, consisting of 4,500,000 ordinary shares to be issued and sold by...
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Monday's Mid-Day Options Volume Leaders
Monday, August 1, 2011 - 11:34am | 69Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 158,351 contracts, 65.5% calls, 34.5% puts 2. Bank of America (NYSE: BAC) 120,326 contracts, 65.9% calls, 34.1% puts 3. Microsoft Corp. (NASDAQ: MSFT) 65,962 contracts, 66.5% calls, 33.5% puts 4. JP Morgan Chase (NYSE:...
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Benzinga's Political Roundup August 1, 2011
Monday, August 1, 2011 - 11:24am | 97Congressional leaders are going to vote today to raise the U.S. borrowing limit and avoid a U.S. default. The Justice Department is intensifying its investigation into the purchase of Nortel's patents by a group led by Apple Inc. (NASDAQ: AAPL), Microsoft Corp. (NASDAQ: MSFT) and Research in...
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I, For One, Welcome Our New Robot Overlords
Monday, August 1, 2011 - 11:11am | 481Foxconn announced this morning that it is going to add 1 million robots to its assembly lines to help with production of products such as the Apple (NASDAQ: AAPL) iPad, iPhone and other products manufactured there. There are supposedly 10,000 robots working at the factory now, and that number is...
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The Case for Owning Zillow
Monday, August 1, 2011 - 10:54am | 549By Conor Sen Zillow (Z), in a way, might be the most impressive company in the world. Why is that? The company, which began as a way for individuals to look at the value of their homes, launched the initial version of its website on February 8, 2006. A housing-themed website launched in early 2006...
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Ninten "D'Oh": Nintendo Giving First 3DS Buyers "Perks"
Monday, August 1, 2011 - 10:04am | 6161 UP for the consumer. Nintendo (NASDAQ: NTDOY) has announced that it will cut the price of its 3DS portable gaming console by $80 to $169.99, and will in fact give the first consumers of the product special updates of downloadable titles. The early adopters, who are being called, "Ambassadors,"...
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Benzinga's Volume Movers
Monday, August 1, 2011 - 9:07am | 127Allot Communications Ltd (NASDAQ: ALLT) shares moved up 7.35% to $15.91 at 10:05 am. The volume of ALLT shares traded was 219% higher than normal. ALLT reported upbeat Q2 results. Stamps.com Inc (NASDAQ: STMP) shares rose 4.06% to $17.43. The volume of STMP shares traded was 184% higher than...
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Morgan Stanley Gives Tactical Advice on Sourcefire
Monday, August 1, 2011 - 8:22am | 222Morgan Stanley has published a tactical idea report on Sourcefire (NASDAQ: FIRE). In the report, Morgan Stanley wrote, "We believe the share price will rise in absolute terms over the next 60 days. This is because the stock has traded off recently, making short term valuation much more compelling...
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Oppenheimer Reiterating Outperform On Oracle Corporation
Monday, August 1, 2011 - 7:56am | 169Oppenheimer & Co. is out with a research report on Oracle Corporation (NASDAQ: ORCL) and is reiterating its Outperform rating and $38 price target on shares. In a note to clients, Oppenheimer & Co. writes, "We reiterate our positive stance on ORCL following recent mgmt meetings. While the...
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Oppenheimer Comments on Management at Oracle
Monday, August 1, 2011 - 7:36am | 164Oppenheimer has published a report on Oracle Corporation (NASDAQ: ORCL) covering management's performance over the last ninety days. In the report, Oppenheimer wrote, "We reiterate our positive stance on ORCL following recent mgmt meetings. While the company did not break any new ground, they...
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J.P. Morgan Continues To Rate CA Technologies Overweight
Monday, August 1, 2011 - 7:15am | 86According to J.P Morgan, CA Technologies (NYSE: CA) held its analyst day in NYC. J.P Morgan said that it has been 15 months since CA's last analyst day, and we appreciate the additional disclosure that management provided with regards to their business segments, plans to return value to...
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Steve Bennett to Be Named Chairman of Symantec
Monday, August 1, 2011 - 7:08am | 138Symantec Corp. (NASDAQ: SYMC) today announced that its board of directors intends to elect independent board member Steve Bennett to the position of Chairman. Bennett will succeed John W. Thompson, former Symantec CEO and Chairman. Thompson will continue to serve the remainder of his term, but has...
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Progress Software President and CEO, Richard D. Reidy, to Step Down
Monday, August 1, 2011 - 7:05am | 192Progress Software Corporation (NASDAQ: PRGS) announced today that President and Chief Executive Officer, Richard D. Reidy, will leave the company when a successor is named. An external search will be initiated immediately. At the request of the company's board of directors, Mr. Reidy will continue...
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Steve Bennett to Be Named Chairman of Symantec
Monday, August 1, 2011 - 7:02am | 288Symantec Corp. (NASDAQ: SYMC) today announced that its board of directors intends to elect independent board member Steve Bennett to the position of Chairman. Bennett will succeed John W. Thompson, former Symantec CEO and Chairman. Thompson will continue to serve the remainder of his term, but has...