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Schlumberger net up 35%, revenue up 21%

NEW YORK (MarketWatch) — Schlumberger Ltd., SLB -0.08% the Houston energy-services firm, reported fourth-quarter net income rose 35% on 21% higher revenue. Earnings reached $1.41 billion, or $1.05 a share, from $1.04 billion, or 76 cents, in the year-earlier quarter. Full report

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ZAGG Moving on Volume

ZAGG has been approached by APPL and Samsung for their water repellent technology for phones ” HzO (majority owned by ZAGG). Story here

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RIMM Spiking

Hearing Research in Motion is in talks with Samsung for sale.

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Uptick in China’s LED street lighting demand

Piper Jaffray’s Ahmar Zamar is making a positive call on Cree (NASDAQ:CREE) after their checks uncovered a surprising December uptick in China’s LED street lighting demand.

– Piper’s proprietary checks with downstream LED lighting companies in China suggest Cree’s customers likely saw rush orders in December ahead of an earlier Chinese New Year holiday. They met with international and domestic lighting players including TC Interconnect, Neo Neon, Phillips, and Osram over the last few weeks. Firm’s checks also revealed that Chinese LED street lighting demand has recovered, and is growing at 30% y/y. Furthermore, competition is limited to leading chip suppliers Cree, Lumileds, and Osram. They view these checks as positive for Cree given 40% revenue exposure to China.

Firm reiterates Overweight and $50 price target on CREE

Note: Piper highlights Lumileds (NASDAQ:LEDS) as a leading chip supplier in addition to CREE. Should the China LED story find legs, LEDS could work well. Just take a look at the 40%+ move on Nov 4, 2011 following the news China had started incandescent bulb phase out. CREE was up 10% on that day.

Full Story Here

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OCZ has won business at Facebook

Hearing Craig-Hallum confirming competitor OCZ has won business at Facebook. Could be a negative for FIO.

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Air Jordan 11’s Spark a Wave of Violence

Nothing like a little senseless violence and chaos to bring in the Holiday season.

The release of the Air Jordan 11 retro “Concord” shoes has sparked a wave of nationwide violence. These shoes are all the rage and to say that some have taken their love for shoes too far is a gross understatement.

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Google Is Aiming To Challenge Amazon

The Web-search giant is in talks with major retailers and shippers about creating a service that would let consumers shop for goods online and receive their orders within a day for a low fee, said people familiar with the matter. Full Story

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C’mon Man

Just saw this on the Monday night pregame show, LOL. I wouldn’t want to mess with the guy on the left.

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New ban on advertising during TV dramas

Youku.com (NASDAQ:YOKU) and other Chinese online-video stocks could be on fire today after news the State Administration of Radio, Film and Television (SARFT) is planning to request that all advertisements aired during TV dramas should be removed nationwide in 2012. Full Story

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