Qualcomm (QCOM), the huge San Diego, CA based manufacturer and licenser of cell phone chips and patents, reported a solid fiscal year 4th quarter after the close yesterday (FY 4Q Earnings Release), but forecasted weak profit growth in the coming…
Last night, Sotheby’s (BID), the publicly traded auctioner of fine art, held its Modern and Impressionist Art auction in New York City. It didn’t go well. Of the 76 artworks up for sale only 56 sold. Total sales were $270…
According to Scottrade and The Wall Street Journal, Google (GOOG) is down almost $37, 5%, to just under $700 on heavy volume this morning (GOOG 10 Day Chart). This must be some kind of mistake (GOOG 3 Month Chart). I’ll try…
“Remember, for the bears to take full control, I think they must take down the tech leaders. Most of the market is hiding there and the bulls aren’t going to give up unless you bomb and completely destroy their safety…
“People were thinking more growth in the upcoming quarter, but Cisco kind of reset those expectations.” – Mark Sue (subscription required), Analyst, RBC Capital Markets “There was a stark contrast between management’s cautiousness on this quarter’s conference call and the bullishness…
Archer Daniels Midland (ADM), the agriculture company much loved of late because of its exposure to ethanol, reported a blockbuster quarter with all cylinders firing – except for ethanol! (1Q FY Earnings Release) Revenues were up 36% and net income 9%…
Interactive Corp. (IAC), the massive conglomerate of incongruent retailing, travel and internet companies such as Ticketmaster, Lending Tree, Ask.com, Match.com and The Home Shopping Network (HSN) announced today that it will break up into five separate, publicly traded businesses (Press…
“We estimate that there’s over $10 billion of write downs in the fourth quarter for the industry for banks and brokers.” – Mike Mayo (subscription required), Brokerage Analyst, Deutsche Bank Yesterday Citigroup (C) announced that CEO Chuck Prince will step down…
The cover story of the most recent BusinessWeek magazine, “Prisoners of Debt”, is an interesting read about the attempt to collect on debts discharged by bankruptcy by the debt collection industry. While this is certainly a shady and controversial practice…
“I was pressured for 2 weeks to change both my value and the conditions of my appraisal report …. of an appraisal I completed that did not come to their predetermined value for a ‘valued’ Wamu client.” – Appraiser (subscription…