Archive for December 4th, 2009

Sun-Oracle EU Block May Have Flaws (JAVA)

Sun Microsystems, Inc. (NASDAQ: JAVA) is soaring early this morning.  Reuters ran a headline last night that an activist lawyer sees a flaw in the EU case and on a NYPost report that Larry Ellison may be willing to create a separate unit to appease regulators.  Yeah, like maybe the notion that Sun can’t make [...]

Facet Buyout Boost Disappoints (FACT, BIIB)

Facet Biotech Corporation  (NASDAQ: FACT) closed at $17.23 yesterday.  Biogen Idec (NASDAQ: BIIB) has raised its offer to a final and best offer price of $17.50 per share.  The stock traded down 2.8% to $16.75 in the after-hours session on over 500,000 shares.  The entire average daily volume is only 430,000 shares.  Volume is tepid [...]

Smith & Wesson Shoots Self in Foot (SWHC, RGR)

Smith & Wesson Holding Corp. (NASDAQ: SWHC) got clipped after earnings last night as the company’s revenue expectations are indicating that the flurry of gun buying may be coming to an end or at least not running at the same pace as what has been seen over the first half of 2009.  Shares fell almost [...]

Marvell Taking out 52-Week Highs (MRVL, BRCM, TXN)

Marvell Technology Group Ltd. (NASDAQ: MRVL) is getting a real boost.  The communications chip maker (ergo designer, fabless) soared in after-hours trading after the company beat earning.  It also raised guidance to $0.33 to $0.39 EPS on revenue of $820 to $850 million, way above the $0.27 EPS and $779.6 million in revenues expected by [...]

BofA To Set Volume Leaderboard (BAC)

Bank of America Corporation (NYSE: BAC) is going to probably have either record trading volume today or at least something close to it.  It won’t be known for some time whether the volume will beat the dog days over the last year, but the capital raise was even larger than originally set.  It priced its [...]

Take-Two Taking It Hard (TTWO)

Take-Two Interactive Software (NASDAQ: TTWO) is getting clipped.  For the quarter that just ended, Take-Two said it would have revenue of $325 million to $35o million and it said EPS for the quarter that just ended was $0.05 to $0.10. Take-Two anticipates that its results for the fourth quarter and fiscal year 2009 will be [...]