Technology Distributors

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) announced that it will be selling its Jack of All Games distribution business to SYNNEX Corporation (NYSE: SNX) for $43 million. Following this, Wells Fargo lowered its FY10 sales and non-GAAP EPS estimate for Take-Two to $900 million and $0.55...

Take-Two (NASDAQ: TTWO) announced the sale of its distribution business to Synnex (NYSE: SNX) for a cash deal of $45 million. Analysts at Cowen And Company have described the deal as a neutral event for the scrip and have retained a Neutral rating. Take-Two has had difficulties in taking products...

Allied Irish Banks, plc. (ADR) (NYSE: AIB) has plunged 7% to $3.52 on 2.85 million shares. So far this year, AIB is down over 24%. The 52-week for AIB is $0.72-$10.42. Take-Two Interactive Software, Inc. (NASDAQ: TTWO) fell 3.30% to $9.12 on 2.13 million shares. Take-Two Interactive Software...

Old Dominion Freight Line (NASDAQ: ODFL) has decreased 3.26% to $32 in the pre-market session. The 52-week trading range for ODFL is $18.69 - $38.75. So far in 2009, Old Dominion Freight gained over 15%. Yesterday, ODFL closed at $33.08. Celgene Corporation (NASDAQ: CELG) has declined 0.98% to $55...

Today, CNBC reported that Take-Two Interactive Software Inc. (NASDAQ: TTWO) announced its deal with Synnex Corporation (NYSE: SNX). According to the agreement, Synnex Corp. would acquire substantially all of the North American assets of ‘jack of all Games’, a wholly owned subsidiary of Take-Two...

Even though the American consumer is still suffering from the recession, with online retail sales to witness just 3% growth in the holiday season, there are clear signs of recovery in the chip business. Oracle’s (NASDAQ: ORCL) earnings report, which came out on Thursday, beat its own expectations...

Avnet Inc (NASDAQ: AVT) announced a new distribution relationship with Cisco (NASDAQ: AVT) in North America, providing its channel partners with a suite of Cisco data centre’s products including UCS. Avnet in a recent analyst meet has estimated three year revenue CAGR of 6.4%. The company is on...

On December 14, 2009, roughly a month ahead of our forecast, Alexza Pharmaceuticals (ALXA) announced it had filed the new drug application (NDA) on AZ-004. The news follows the completion of the five non-pivotal safety and supporting studies earlier in the year, and the pre-NDA meeting held with...

Analysts at Goldman Sachs maintain their “Neutral” rating Avnet, Inc. (NYSE: AVT)(FREE stock trend analysis), ahead of Avnet’s Analyst Day on Thursday, December 17. The price target is set to $31. The firm says “We will be attending Avnet’s Analyst Day on Thursday, December 17, where we expect the...

Analysts at FTN Equity Capital Markets Corp maintain their “neutral” rating on Tech Data (NYSE: TECD), while raising their estimates for the company. TECD posted its Q3 revenues and EPS at $5.64 billion and $0.84, respectively, easily beating the estimates and the consensus, FTN Equity Capital...

With the market trading relatively flat on November options expiration Friday, there were several stocks that hit my radar which traded higher on BIG volume. In this post, I will name 11 stocks which traded higher Friday November 20, 2009. I will be checking these stocks frequently to see if...

Tech Data Corporation (NASDAQ: TECD) climbed 5% to $44.98 after it reported third-quarter net income of $43.1 million, or $0.84 a share as compared to $16.8 million or $0.33 per share from the same quarter last year. While sales were $5.6 billion, a decrease of 8% from the year ago period. Analysts...

Arrow Enterprise Computing Solutions, a business segment of Arrow Electronics Inc (NYSE: ARW), has been named an authorized distributor of the full suite of EMC® Data Domain® deduplication storage solutions for North America and the United Kingdom. EMC Data Domain deduplication storage systems span...

Avnet, Inc. (NYSE: AVT) announced that it has acquired a controlling interest in Vanda Group from Hutchinson Whampoa Limited, expanding its presence and customer base across China. Vanda Group provides systems integration services and solutions incorporating hardware and software from major...