It’s being reported that CEO of Yahoo, Carol Bartz, is stepping down.
Comments »Monthly Archives: September 2011
FHFA Statement, Regarding Recent Lawsuits
FLASH: NVDA Ups Guidance
NVIDIA sees FY13 revs guidance of $4.7-5.0 bln vs. $4.5 bln Capital IQ Consensus Estimate (13.18 +0.2)
It expects GAAP and non-GAAP gross margins of ~51-53%. NVIDIA further anticipates GAAP operating expenses of $1.54 billion to $1.61 bln, and non-GAAP operating expenses of $1.38 billion to $1.43 bln . Non-GAAP operating expenses are expected to exclude stock-based compensation expense, amortization of acquisition-related intangible assets and other acquisition-related costs. Co said, “We see growth across our entire GPU and mobile-processor business,” said Jen-Hsun Huang, NVIDIA president and chief executive officer. “The future for computing is visual and mobile, and we are well positioned to lead in this new era.”
Deer Consumer Products Sues Short Seller, Alfred Little
Co announced that Deer is fully aware of the latest desperate short seller attacks on Deer on Sept 6, 2011, including another publication of the same old lies by a fictitious figure “Alfred Little,” including totally fabricated information, false identities, and false allegations against the co. Deer has repeatedly filed relevant land acquisition related documents with the Securities and Exchange Commission (SEC), and Deer stands by the accuracy of its public filings. Deer is not aware of any negative development with its business and is conducting its normal course of business. Deer also notes the short seller “Alfred Little’s” attempt to link Deer to a heavily shorted and unrelated co, Harbin Electric (HRBN) whose management team has announced a going private transaction at $24 per share in cash, with a shareholder voting record date of Sept 13, 2011, and advised by Goldman Sachs, Morgan Stanley and Lazard Freres & Co., as well as represented by several global law firms.On March 28, 2011, Deer filed suit against short sellers and certain bloggers including “Alfred Little,” a now-admitted fictitious figure, alleging an orchestrated scheme to manipulate and depress Deer’s stock. Since then, “Alfred Little” has failed to answer the complaint, changed his identity from a real person to a web-site, and attempted to extort the company by threatening to publish more false defamatory reports until the company dropped its claims against these defendants. On August 29, 2011, the New York Supreme Court granted Deer’s motion to serve “Alfred Little” with the summons and complaint in the New York Litigation by e-mail and “Alfred Little” was served the following day. A default judgment may be granted against “Alfred Little” if this defendant does not show up in court. As of Q2/2011, Deer had shareholders’ equity of ~$157 mln and more than $22 mln in cash and cash equivalents without any long-term debts. Deer has sufficient cash on hand and has no plan to dilute its shareholders. Deer also affirms previous issued 2011 financial guidance and dividend policy. Deer has made numerous filings with the SEC on Forms 10-K, 10-Q and 8-K disclosing its land use rights in the Anhui Province of China. Despite recent claims of certain bloggers, who Deer believes to represent the interests of short sellers, Deer confirms that its disclosures in such filings were accurate, complete and reflect the commitment of management to provide the public with full and fair disclosure.
Comments »U.S. Stocks Climb Wall of Worry
Telco Rogers to Enter Banking
“The telecom company wants to move into the banking space, government documents show.”
http://www.cbc.ca/news/business/story/2011/09/06/rogers-bank.html
Comments »Debt Collapse: A Revealing Description on Today’s Debt Reality and How You Can Profit From It
Sometimes too many posts go off and many miss important opportunities to learn more about today’s events.
I found this discussion very informative. I knew a lot of the info, but the presentation and analysis opened up a new view of current events involving debt and the market place.
So for those who missed it here it is again for your learning and viewing pleasure.
[youtube:http://www.youtube.com/watch?v=tj2s6vzErqY 450 300] Comments »The IMF Calls On Europe and the U.S. to Abandon Austerity and Implement Stimulus
Hurricane Katia Falls Back to Category 3 and is Expected to Stay Away From U.S. Lanfall
Where We Would Be Without The Fed & Stimulus
UBS Posts The Latest Short List
Chris Whalen: Bank Of America Should Declare Bankruptcy
FLASH: GROUPON CANCELS IPO ROADSHOW AFTER REALIZING THEIR BUSINESS MODEL SUCKS
BREAKING NEWS: Groupon cancels IPO roadshow set for next week, reevaluating plans due to market volatility: report
SOURCE: Reuters.com
Comments »U.S. Markets Pare Gains “Ostrich Style”
Greece Pledges to Step Up Austerity
Have We Entered a Black Hole ?
Today’s Best Performing Large Cap Stocks
No. Ticker % Change Market Cap
1 VRUS 6.78 5,050,000,000
2 IP 6.24 11,700,000,000
3 TLK 5.33 16,730,000,000
4 ALXN 2.94 10,520,000,000
5 REGN 2.89 5,370,000,000
6 NFLX 1.88 11,820,000,000
7 PRGO 1.65 8,690,000,000
8 RIMM 1.46 16,010,000,000
9 MU 1.45 6,170,000,000
10 SNDK 1.43 8,940,000,000
11 IAG 1.31 7,670,000,000
12 EBR 1.30 13,910,000,000
13 ZNH 1.27 6,600,000,000
14 FITB 1.25 9,670,000,000
15 TTM 1.25 10,410,000,000
16 AMZN 1.21 87,940,000,000
17 HANS 1.21 7,890,000,000
18 EGO 1.15 10,700,000,000
19 CF 1.14 12,590,000,000
20 VRTX 1.12 9,150,000,000
21 WAG 1.06 32,110,000,000
22 CHD 1.02 6,040,000,000
23 ICI 1.01 12,852,000,000
24 LH 1.00 8,410,000,000
25 GOLD 0.96 9,560,000,000
Today’s Top Performing Stocks
No. Ticker % Change
1 BTH 25.85
2 TIN 25.01
3 ENMD 24.10
4 GU 20.22
5 SWS 19.47
6 GRO 17.45
7 XRA 14.76
8 SPMD 13.17
9 CWTR 12.29
10 HOLI 11.15
11 CHLN 10.00
12 CBLI 9.38
13 WTBA 8.43
14 CSKI 7.98
15 LCAV 7.88
16 KIPS 7.17
17 IGOI 6.67
18 III 6.45
19 ZANE 6.38
20 SHAW 6.37
21 MOVE 6.29
22 TRIT 6.17
23 VRS 5.88
24 VRUS 5.79
25 GNK 5.72
Top Performing ETF’s
No. Ticker % Change
1 DPK 12.64
2 TVIX 11.74
3 EPV 9.88
4 LHB 9.70
5 ERY 8.91
6 EFU 8.23
7 ZSL 6.64
8 EDZ 6.46
9 SRTY 6.13
10 VIXY 6.09
11 SOXS 6.08
12 DUG 5.95
13 TZA 5.91
14 VIIX 5.88
15 FAZ 5.84
16 VXX 5.76
17 SQQQ 5.69
18 TYP 5.63
19 BXDC 5.61
20 SICK 5.58
21 BZQ 5.40
22 EWV 5.39
23 SPXU 5.39
24 BGZ 5.33
25 SFK 5.1
