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Sue MillerCallaway Guidance Disappoints, but Recreational Vehicles Are on the Go (ELY, CYBI, NLS, LVB, PII, BC, ACAT)by Sue Miller | June 15th
Shares of Callaway Golf (ELY) tumbled -7% in after hours trading after giving disappointing guidance. The golf equipment maker said it expected a profit of 10-15 cents a share for its 2Q, significantly less than analyst estimates of 33 cents per…  Cablevision Buys Bresnan, Tivo and Dish Network War Rages On (CVC, VMED, MCCC, TV, LNET, TIVO, DISH, SATS)by Sue Miller | June 14th
Cablevision Systems (CVC) agreed to buy Bresnan Communications for $1.36 billion, the company announced early Monday. The fifth-largest U.S. cable operator prevailed over rival bids from TPG Capital, BC Partners Ltd, Suddenlink Communications and Ascent Media Corp, Bloomberg reported. The acquisition of… Finisar Shares Fly on Solid Q4 Earnings (FNSR, OCLR, MRVC, GLW)by Sue Miller | June 11th
Shares of Finisar (FNSR) soared 3.5% in after-hours trading following its strong Q4 earnings report on Thursday. Growth in IP traffic, rising demand for mobile bandwidth and the widespread need to create new and build up existing wireless networks were the… Walgreen and CVS Drama Heats Up (CVS, WAG, NPD, OCR, PMC, RAD)by Sue Miller | June 10th
The game of brinkmanship between CVS Caremark (CVS) and Walgreen (WAG) continued on Wednesday as CVS Caremark announced that those enrolled in its plans had 30 days to stop filling their prescriptions at Walgreen, the New York Times reported. The saga began on… Chipmakers Maintain Optimistic Outlook on Analog Chip Demand (TXN, INTC, MCHP, IFNNY, ATML)by Sue Miller | June 9th
Texas Instruments (TXN), the second largest chipmaker in the U.S. behind Intel (INTC), announced that both its sales and profits will be at the high end of its prior forecast, given growth in its analog chips. TI said Q2 profits per share… Apple Hits Back at Android with New iPhone (AAPL, MOT, GOOG, DELL, NFLX, T, VZ, S, RIM)by Sue Miller | June 8th
Apple (AAPL) CEO Steve Jobs unveiled yet another must-have gadget Monday at the company’s Worldwide Developers Conference: a new iPhone that will be thinner than previous models and with an array of new capabilities designed to ward off growing competition from… Pep Boys Fails to Excite (PBY, MDS, MNRO, AAP, AZO, ORLY, PRTS)by Sue Miller | June 8th
Auto parts and repair firm Pep Boys (PBY) announced a 10% increase in fiscal first-quarter earnings on Monday thanks to a rise in sales. However, the company’s EPS was just in-line, and its revenues, although up 2.7% from last year to… A123 Aces a Deal with Navistar (AONE, NAV, ALTI, XIDE, CHP, BYDDF, DAI, ULBI)by Sue Miller | June 8th
The battery-powered car sector sped forward late Monday as A123 Systems (AONE), producer of advanced ion batteries, announced an agreement with truck maker Navistar International (NAV) to produce batteries for Navistar’s line of electric delivery vehicles. This deal follows a previous agreement… Good News for Big Pharma at ASCO (BMY, NVS, BAX, SNY, WCRX, AMGN, LLY, PFE)by Sue Miller | June 7th
Results are out from the American Society of Clinical Oncology (ASCO) conference, which featured trial results from big-cap pharma companies for revolutionary treatments for leukemia, skin and lung cancers. Bristol-Myers Squibb (BMY) is expected to open higher on Monday morning after positive… AT&T May Grab a Foothold in India (T, MTE, TCL, SIFY, RDY, PTI, SAY)by Sue Miller | June 7th
AT&T (T) is in discussions with India’s Reliance Communications concerning its plans to take a significant minority stake in the Indian cellphone company, according to the Wall Street Journal. The deal would give AT&T up to a 26% stake in Reliance…  |
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