Archive for the ‘Stock Highlight’ Category
Thursday, April 17th, 2008
People had been selling off Google in the past few weeks, on speculation that the company's ad program was not performing as well as last year. These people must be surprised today to learn that Google ended up 30% over last year's earnings.
Google leader Eric Schmidt cooed about the ...
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Friday, April 4th, 2008
The IBM Suspension for bidding on contracts has been lifted. The suspension was put in place by the EPA and has been in force for for one week.
The suspension was put in place after an EPA debarring official received information that supported allegations that IBM employees had ...
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Tuesday, April 1st, 2008
Google stock hasn't been moving up too boisterously lately, but that changed today when the stock bounced over 4% based on an upgrade by a Goldman Sachs analyst who rated the company a "BUY".
In a note to investors, Goldman analyst James Mitchell took over primary coverage for the company with ...
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Monday, March 31st, 2008
Google has been making the bulk of their money from their Google Adsense program, and now the company is forced to recognize signs that the gravy train is slowing down. In an attempt to bolster their results, GOOG plans on making advertisers pay for few, but supposedly "higher quality" ...
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Monday, March 24th, 2008
Last week it was beginning to look like Bear Stearns (BSC) was being purchased for the rock bottom price of just under $250 million. However, a number of BSC shareholders were quite aggrieved at the thought of letting the venerable company go so cheap, despite a number of long ...
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Thursday, March 20th, 2008
In a sure sign the economy is tanking, Winnebago announced a 67% reduction in profits for Q2. Consumer confidence is down, so less people are buying recreational vehicles.
The Forest City-based company said Thursday it cut employment by 9 percent, or about 300 people during the quarter to bring production ...
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Tuesday, March 4th, 2008
At one point today, Google traded at $435.78, which as low as the company has traded for in the last 52 weeks. The news that affected the company today was that top executive Sheryl Sandberg was leaving the company to join rival FaceBook. Investors didn't care for that ...
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Friday, January 25th, 2008
It has always been great to be Microsoft, and current times are no different. The company announced earnings that outstripped analyst's expectations, thanks to good news from the XBox 360 division. The company also had better than expected results in their business division.
Microsoft raised its outlook Thursday for ...
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Tuesday, January 22nd, 2008
It is no surprise that Bank of America is suffering a bit from credit losses. They would be in a class by themselves if they weren't. They suffered both a fall in net income, and a 32 percent decline in revenue.
Net income at the Charlotte-based bank declined to ...
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Wednesday, January 16th, 2008
When Citigroup has already announced $12 billion in writedowns, you could almost be assured it would be a tough quarter for JP Morgan, the nation's third largest bank. In fact, JP Morgan had a worse than expected quarter, continuing the trend for big banks, but is still running ahead ...
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