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Facebook's Big Product Announcement Is??
Wednesday, July 6, 2011 - 12:33pm | 61Facebook just announced that it is rolling out group chat, a new design, and the ability to make video calls from Facebook. Over 50% of Facebook users are active in groups, with an average of 7 users per group. The Facebook video calling will include Skype, which was just recently acquired by...
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Disney's Iger Offers Color On Hulu Sale
Wednesday, July 6, 2011 - 12:10pm | 204Walt Disney (NYSE: DIS) CEO Bob Iger told reporters at Allen & Co.'s Sun Valley media conference that the owners of Hulu are "committed to selling" the company. This comes on the heels of Hulu's board exploring sale options over the last few weeks. Reports indicate that Hulu is in talks with 8...
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Six Ways Apple Can Destroy Microsoft
Wednesday, July 6, 2011 - 11:36am | 1098Yesterday, Global Equities Research revealed that approximately 80% of incoming students are buying new Macs in 2011. This leaves a paltry 20% of students who are snapping up Windows PCs, despite the wonderful gift Microsoft (NASDAQ: MSFT) is giving away. After pondering this for a moment, I...
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How to Trade Goldman Sachs and GSV Capital Ahead of Today's Big Facebook Announcement
Wednesday, July 6, 2011 - 11:07am | 831There has been a ton of hype for what has been deemed an “awesome” new feature coming to Facebook this week. Whatever that feature is, the world won't have to wait much longer: the social networking giant is scheduled to make an announcement at 1:00 p.m. EDT today. The latest rumor suggests that...
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Tattletale! Apple Complains About Samsung, Seeks Help from the ITC
Wednesday, July 6, 2011 - 9:07am | 149Will these two lovebirds ever kiss and make up? I know that Apple (NASDAQ: AAPL) and Samsung are far from achieving the power-couple status attained by Nokia (NYSE: NOK) and Microsoft (NASDAQ: MSFT). But still, these two companies are already helping each other profit as business partners, so why...
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Top Performing Industries For July 6
Wednesday, July 6, 2011 - 9:06am | 189At 10:05 am, the Dow fell 0.03% to 12,565.63, the broader Standard & Poor's 500 index moved down 0.33% to 1,333.42 and the NASDAQ composite index dropped 0.27% to 2,818.25. The industries that are still afloat in the market today are: Toy & Hobby Stores: This industry jumped 1.98% by 10:...
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Rodman & Renshaw Reiterates Market Outperform on Allot Communications
Wednesday, July 6, 2011 - 8:26am | 56Rodman & Renshaw reiterated its Market Outperform rating on Allot Communications (NASDAQ: ALLT). At the moment, the rating agency has a price target of $18 placed on the company's stock. On Tuesday, Allot ended the day at $16.81. Its shares added 0.65% to their value in today's pre-market...
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REMINDER: Facebook's Product Announcement Event is Scheduled for 1:00pm Today
Wednesday, July 6, 2011 - 7:36am | 28The social network giant is rumored to be launching an in-browser video chat powered by Microsoft's (NASDAQ: MSFT) Skype software.
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Classic Summer Mode 07-05-2011
Tuesday, July 5, 2011 - 5:16pm | 828Cusick's Corner The markets were, well in summer mode. This is the type of action that one could expect into an employment number at the end of the week and with earnings coming. The market had low volume with choppy action and while the bid has been nibbling, the future data has been holding the...
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Classic Summer Mode 07-05-2011
Tuesday, July 5, 2011 - 5:16pm | 828Cusick's Corner The markets were, well in summer mode. This is the type of action that one could expect into an employment number at the end of the week and with earnings coming. The market had low volume with choppy action and while the bid has been nibbling, the future data has been holding the...
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Market After Last Week's Rally 07-05-2011
Tuesday, July 5, 2011 - 1:57pm | 927Cusick's Corner Because of an absence of trading catalysts, the market is likely to stay in a range for the rest of the day and just continue to chop around. This makes the current market a little more difficult to trade, at least from a two-sided perspective. I previously noted that spreading...
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Options Brief: BMC Software
Tuesday, July 5, 2011 - 9:50am | 91Shares of BMC Software (NYSE: BMC) are lower on the session by 0.34%, trading at $55.60. Overall put volume is now running at 6.05x the daily average, with 3% of all puts traded being purchases on the offer. 1,215 contracts have traded on the session so far. BMC Software, Inc. is a software...
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Microsoft and Wistron Sign Patent Agreement
Tuesday, July 5, 2011 - 8:03am | 67Microsoft Corp. and Wistron Corp. have executed a patent agreement that provides broad coverage under Microsoft's (NASDAQ: MSFT) patent portfolio for Wistron's tablets, mobile phones, e-readers and other consumer devices running the Android or Chrome platform. Although the contents of the agreement...
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Did Mr. Softy Just Become Relevant In Search Again?
Tuesday, July 5, 2011 - 7:49am | 338This morning, news came out that Baidu Inc. (NASDAQ: BIDU) is going to use Microsoft's (NASDAQ: MSFT) Bing for some English-language results as Microsoft is trying to expand its share of the Chinese search market. With the largest population of Internet users on earth, China's search market is...
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UPDATE: Oppenheimer Raises PT on Check Point Software TechnologiesTechnologies
Tuesday, July 5, 2011 - 7:36am | 59Oppenheimer is out with its report today on Check Point Software Technologies (NASDAQ: CHKP), raising its PT from $60 to $63. In a note to clients, Oppenheimer writes, "Raising PT to $63 from $60, or 20x our FY12E EPS. PT further supported by ~$11.97 net cash/share. Reiterate Outperform." Shares...