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Benzinga's Top Pre-Market NASDAQ Gainers
Monday, June 20, 2011 - 8:17am | 134Harbin Electric Inc (NASDAQ: HRBN) shares advanced 76.68% to $14.82 in the pre-market session. HRBN agreed to be acquired for $24 per share in cash by Tech Full Electric Company Limited, a Cayman Islands company wholly owned indirectly by Mr. Tianfu Yang, HRBN's Chairman and Chief Executive Officer...
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Oppenheimer Reiterates Outperform on Oracle
Monday, June 20, 2011 - 8:15am | 190Oppenheimer reiterated its Outperform rating on Oracle (NASDAQ: ORCL) ahead of the company's quarterly earnings report, which is due on Thursday, June 23. In a research report published today, Oppenheimer states, "We would be buyers of the shares of ORCL ahead of its FY4Q11 results on Thursday (6/...
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Microsoft Passes Antitrust Scrutiny, Cleared to Acquire Skype
Sunday, June 19, 2011 - 4:15pm | 263Microsoft (NASDAQ: MSFT) received some welcome news Friday, as it was announced that the U.S. Federal Trade Commission has cleared its purchase of internet communication service Skype. Microsoft made a $8.5 billion bid for Skype in May, one of its biggest acquisitions ever. The move was then...
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Oracle Seeking Up to $6.1 Billion in Google Patent Lawsuit
Sunday, June 19, 2011 - 3:38pm | 220In its patent infringement lawsuit against Google (NASDAQ: GOOG), software maker Oracle (NASDAQ: ORCL) is seeking between $1.4 billion and $6.1 billion in damages, a court filing revealed. Oracle filed suit against Google last year, claiming that its Android mobile operating technology infringes...
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Oracle Rises 2.50%
Friday, June 17, 2011 - 12:18pm | 112Shares of blue-chip technology company Oracle Corp. (NASDAQ: ORCL) are having a good day, rising 2.47% to $31.57. Volume has been very heavy with more than 23.4 million ORCL shares trading hands already on the day compared to a 3-month daily average of 27.5 million. The company is seeking damages "...
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Wunderlich Securities Initiates Coverage of Falconstor Software with Buy and PT of $6
Friday, June 17, 2011 - 8:09am | 125Wunderlich Securities initiated its coverage of Falconstor Software (NASDAQ: FALC) with a Buy rating. At the same time, Wunderlich placed its price target on the company's stock at $60. In a research report published today, Wunderlich states, "We are initiating coverage of FalconStor Software, Inc...
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Bank Of America Says It Is Time To Buy On Oracle
Friday, June 17, 2011 - 7:59am | 130According to Bank Of America, Oracle (NASDAQ: ORCL) is a relative winner given deep and broad stack, customer wallet share gain, recurring maintenance revs (~40% of total) and growth from Trifecta of prod cycles. Bank Of America said that, despite Q4 being seasonally strongest, ORCL has been weak...
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Bank Of America Comments On Red Hat 1Q12 Results
Friday, June 17, 2011 - 7:54am | 101According to Bank Of America, Red Hat (NYSE: RHT) reports 1Q12 (May) results 6/22. Bank Of America said that key metrics to watch will be def rev, billings, and operating cash flow, which we estimate to be $770mn (flat q/q), $252mn (+21% y/y ex-currency), and $74mn (+23% y/y), respectively. “Our...
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BMC Software Announces Acquisition of IMS Products From NEON Enterprise Software
Friday, June 17, 2011 - 7:46am | 59BMC Software (NASDAQ: BMC) today announced it has acquired the portfolio of IMS database products and customers from NEON Enterprise Software. IMS is a database and transaction management system that runs on mainframes and is predominantly used by organizations that require high-speed transaction...
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A Peek Into The Market Before The Trading Starts
Friday, June 17, 2011 - 7:23am | 409Pre-open movers US stock futures are higher this morning. Futures on the Dow Jones Industrial Average gained 75 points to 11,974.00 and futures on the S&P 500 stock index rose 9.10 points to 1,272.60. Nasdaq 100 futures surged 13.25 points to 2,208.75. A Peek Into Global Markets Most Asian...
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Wunderlich Initiates Falconstor Software At Buy, $6 PT
Friday, June 17, 2011 - 6:08am | 25Wunderlich Securities has initiated coverage on Falconstor Software (NASDAQ: FALC) with a Buy rating and $6 price target.
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Options Brief: BMC Software, Inc.
Thursday, June 16, 2011 - 3:22pm | 92Shares of BMC Software, Inc. (NYSE: BMC) are lower on the session by 1.21%, trading at $51.32. Overall call volume is now running at 17.74x the daily average, with 19% of all calls traded being purchases on the offer. 9,829 contracts have traded on the session so far. BMC Software, Inc. is a...
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Want a Free iPod Touch? Too Bad; Apple Just Pulled the Plug on this Beloved Offer
Thursday, June 16, 2011 - 2:22pm | 213Now Microsoft's (NASDAQ: MSFT) pledge to give away a free Xbox to college students who buy a Windows machine does not seem so ridiculous. In fact, it seems downright generous. In an effort to save money, try something different, or show just how powerful the company has become, Apple (NASDAQ: AAPL...
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Thursday's Put/Call Ratio Leaders
Thursday, June 16, 2011 - 12:11pm | 83Here are today's Put/Call Ratio leaders… 1. CA Inc. (NASDAQ: CA) 6,305 puts, 19 calls 2. American Tower Corp. (NYSE: AMT) 3,354 puts, 15 calls 3. Eagle Bulk Shipping Inc. (NASDAQ: EGLE) 13,369 puts, 127 calls 4. Applied Micro Circuits Corp. (NASDAQ: AMCC) 3,713 puts, 64 calls 5. Murphy Oil Corp. (...
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IBM Celebrates 100th Birthday
Thursday, June 16, 2011 - 11:57am | 251The news is a surprise to many who maybe believed that IBM (NYSE: IBM) have only ever made computers, but IBM is actually a full 100 years old today. This is an incredible feat for the company, whose full name is International Business Machines, particularly when considering the field that it...