Changing Of The Guard
There’s no easy way to say this, so here it is: this is my last post for Tech Trader Daily.
After 19 years at Barron’s, interrupted midway by three years on a dot-com adventure, I’m leaving the magazine to take a job as San Francisco ...
Nokia Says Some N8 Phones Won’t Turn On After Recharging
Nokia (NOK) today said that some of its top-of-the-line N8 smart phones are having power problems, with handsets in some cases not turning on after recharging, the AP and others are reporting.
Nokia said the issue was limited to a small number of hands...
NetSuite Jumps On Salesforce Beat; Feltl Starts At Buy Rating
NetSuite (N) shares are trading sharply higher, riding the coattails of Salesforce.com (CRM), which is rallying today following better-than-expected results for its fiscal third quarter ended October 31. Both companies are in the cloud-based enterprise...
Silicon Graphics Jumps As Wunderlich Launches With Buy
Silicon Graphics (SGI) shares are trading sharply higher after Wunderlich Securities analyst Brian Freed launched coverage of the company with a Buy rating and $12 price target.
“SGI offers innovative products spanning storage, High Performance C...
Juniper Acquires Video Delivery Technology From Blackwave
Juniper Networks (JNPR) has acquired advanced video delivery technology from privately held Acton, Mass.-based Blackwave. The announcement, which came from Blackwave, not Juniper, says that the acquired technology “addresses the massive delivery...
Canadian Solar: Macquarie Upgrades
Macquarie USA analyst Kelly Dougherty this morning raised his rating on Canadian Solar (CSIQ) to Ourperform from Neutral, with a new price target of $22, up from $20. The move follows a strong Q3 earnings report from the company yesterday.
“We we...
SunPower: Wedbush Downgrades
Wedbush analyst Christine Hersey this morning cut her rating on SunPower (SPWRA) to Underperform from Neutral, with a new price target of $7, down from $11.
“We are downgrading SunPower shares … following disappointing 2011 guidance issued ...
Cisco Says Board Boosts Stock Repurchase Plan By $10 Billion
Cisco Systems (CSCO) late yesterday announced that its board has authorized the repurchase of an additional $10 billion worth of its common stock. The company had $4.5 billion remaining on previous authorizations.
In the period from September 2001 thro...
Google Reportedly In Talks To Buy Groupon For Over $3 Billion
Google (GOOG) is in talks with to buy Groupon for more than $3 billion, AllThingsD reports, citing “multiple sources close to the situation.” The story says Yahoo offered to buy the local deals site earlier this year for $2 billion to $3 bi...
Yingli Q3 Tops Estimates
Yingli Green Energy (YGE) this morning posted better-than-expected Q3 results.
For the quarter, the solar company reported revenue of $490.9 million and profits of 44 cents a share, ahead of the consensus forecast of $477.3 million and 36 cents. Gross ...
Mentor Graphics FY Q3 Tops Ests; But Q4 EPS Outlook Misses
Mentor Graphics (MENT) posted better-than-expected results for its fiscal Q3 ended October 31.
For the quarter, the EDA software provider reported revenue of $238.9 million and non-GAAP profits of 22 cents a share, above the Street consensus at $220.1 ...
Intuit Q1 Revs Beat; Loss In Line
Intuit (INTU) this afternoon reported revenue for its fiscal Q1 ended October 31 of $532 million, ahead of the Street consensus at $520 million. The company had a non-GAAP loss of 12 cents a share, in line with estimates. Revenue was up 12% from a year...
