Archive for September 23rd, 2009

Netease.com Down on Big Block Trade (NTES)

Netease.com, Inc. (NASDAQ: NTES) looked like it is seeing a lot of action this morning, yet there is a single block trade that has accounted for this.  Because of the big gain yesterday, it is hard to know if this is a carryover trade or if that was a real block without digging into it.  [...]

AMR Active on Juiced Secondary (AMR)

AMR Corp. (NYSE: AMR), the parent of American Airlines, is trading lower after it priced a 48+ million share secondary offering of common stock at $8.25.  This deal size was increased from 30 million shares and is being sold through Citigroup, Morgan Stanley and UBS.  At 8:30 AM EST we have shares down 1.4% at [...]

Xilinx Guidance Taking Out 52-Week Highs (XLNX)

Xilinx, Inc. (Nasdaq: XLNX) is soaring on its September guidance up approximately 10% sequentially in sales, above the prior 2% to 6% gain expected. Virtex-5 sales will increase significantly in the September quarter to be above 20% of total sales. Delinquent sales are now shipping and gross margin guidance is ~61%.  At 8:25 AM EST [...]

Seagate Guidance Lifts Stock (STX, WDC)

Seagate Technology (NASDAQ: STX) is cruising higher after it raised guidance.  The drive and storage systems maker followed Western Digital (NYSE: WDC).  It now sees Q1 revenue to be at or slightly above the high end of its original guidance range of $2.4 to $2.6 billion versus Thomson Reuters consensus estimate of $2.54 billion. Shares [...]

Palm Juices Secondary (PALM)

Palm, Inc. (NASDAQ: PALM) is holding up rather well considering the way it priced its secondary offering of common stock at $16.25.  The sale is through Goldman Sachs and J.P. Morgan, but it was also increased to 20 million shares of common stock from a prior size of 16 million shares. There are still rumors [...]