They sold to Eddie at the bottom.

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Predatory patent lawsuit…

UP 

CHTP +86.7%, OVTI +12.6%, CRM +9.3%, JOBS +8.4%, AIG +7.2%, TI +6.6%, NOK +4.7%, MGA +4.5%, DB +3.1%, SAP +1.9%, MRVL +1.3%, WTI +1.3%,  CRUS +2.8%,

KDN +9.9% , IPG +5.1%,  GPS +2.7%, MRVL +2.2%, WTI +1.3%, SD +1.1%, MNST +1.1%,  KCP +16.7% , BCS +3%, ING +1.1%, JPM +1.1%, WFC +1.1%, BAC +0.9%,

CLNE +2% and WPRT +1.3% ,

DOWN

TELK -20%, RBCN -15%, CROX -11.9%, DECK -10.8%, TORM -8.4%, KND -7.7%, CLDX -6%, MELI -5.7%, CENX -4%, CIE -3.7%, YMI -2.4%, ATPG -2.1%, XCO -1.2%,

DECK -11.3%,  WMGI -4%, ANR -3.8%, XCO -3%, SPN -1.2% , MCP -1%, ADSK -0.5% ,   BPAX -5% ,  VTR -3%,

Source

Alpha Natural Resources Inc. (ANR) fell 4.6 percent $18.91. The coal producer that bought Massey Energy Co. for $7.1 billion in June posted an unexpected fourth-quarter loss and cut its 2012 output forecast as U.S. electricity generators switched to cheaper natural gas.

American International Group Inc. (AIG) rose 6.5 percent to $29.82. The bailed-out insurer posted a fourth-quarter profit fueled by a tax benefit and an increase in the value of a stake in Asian insurer AIA Group Ltd. Operating profit beat analysts’ estimates.

Clearwire Corp. (CLWR) dropped 2.9 percent to $2.20. The wireless broadband provider’s third-largest investor, Google Inc. (GOOG US), plans to sell its 29.4 million shares.

Crocs Inc. (CROX) fell 10 percent to $18.30. The plastic-clogs maker forecast first-quarter earnings of no more than 26 cents a share, below the 30-cent profit estimated by analysts on average.

Deckers Outdoor Corp. (DECK) : The maker of Ugg boots and Teva sandals said earnings in 2012 will be unchanged from last year at $5.07 a share, missing the average analyst estimate of $5.80.

El Paso Corp. (EP) rose 4.6 percent to $28. Apollo Global Management LLC (APO US) is leading a group that is near a deal to acquire the Houston-based company’s oil-exploration business for about $7 billion, according to a person with knowledge of the situation.

Interpublic Group of Cos. (IPG US) rose 4.9 percent to $11.44. The New York-based advertising company announced a $300 million share buyback program.

Monster Beverage Corp. (MNST) (MNST US): The distributor of energy drinks and fruit juices reported fourth-quarter sales of $410 million, falling short of the average analyst estimate of $411.8 million.

OmniVision Technologies Inc. (OVTI) : The primary supplier of camera sensors for Apple Inc.’s (AAPL US) iPhone 4S projected fourth-quarter earnings of at least 15 cents a share, exceeding the 12-cent profit predicted by analysts on average.

Salesforce.com Inc. (CRM) rallied 9.8 percent to $144.67. The largest seller of online customer-management software reported profit and sales that topped analysts’ estimates after the company added features and pushed into social media.

In Play

On the Wires 

“Euro-area banks may tap the European Central Bank next week for almost as much three-year cash as they did in December in an operation that could prolong a rally in bond markets.

Financial institutions will ask the ECB for 470 billion euros ($629 billion) in three-year funds for allotment on Feb. 29, the median of 28 estimates in a Bloomberg News survey shows. While that’s less than the record 489 billion euro take-up at the first tender on Dec. 21, it may increase total cash in the system by more than 300 billion euros, saidLuca Cazzulani, a senior fixed-income strategist at UniCredit SpA (UCG) in Milan.

“Part of the increase will likely be parked, at least temporarily, in the sovereign-bond market and support mainly the performance of Italian and Spanish bonds,” said Cazzulani. Still, “expectations are at a pretty high level, which creates some room for disappointment,” he said. “Gross demand below 400 billion euros would likely put upward pressure on spreads in the short term.”

Italian and Spanish bonds have risen since the ECB’s first three-year loan, suggesting banks are investing at least some of the money in higher yielding assets. That’s helped ease concern about a credit crunch and won governments time to agree on measures to contain the sovereign debt crisis….”

Full article

Fun times in the job world…

General Motors and General Electric are two companies that have been in the political crosshairs lately. GM stands accused of “crony capitalism,” while GE is under fire for paying no Federal income taxes in 2010. The two companies share more than that though, with GE placing an order for 12,000 Chevy Volts and other hybrid vehicles.

A memo leaked to Green Car Reports lays out GE’s plans for their new fleet of Volts, and as expected, it has some people crying foul.

The memo, sent to employees of GE Healthcare Americas team explains that all sedan, crossover, and minivan purchases in 2012 will be replaced by the Chevy Volt. Only field engineers are exempt from having to drive a company Volt.

GE will offer estimates for installation Level 2 Charging Stations, though all-gas use will be allowed when there is no electric option. Any employees who opt out of the Volt program will not be compensated for their expenses. Those who do choose to drive the Volt will be reimbursed for public charging and home charging costs, in addition to gas uses.

While some people are probably put off by having to drive a Volt, GE claims to have crunched the numbers and believes that in the long term, this will save the multi-national company big bucks. More than that though, GE is positioning itself as a big player in the EV charging market.Getting employees into Volts also means getting charging stations into homes.

It’s a bold move to be sure, and it will hopefully prove to be a boon to the Volt’s flagging sales numbers. GM had hoped to sell as many as 60,000 Volts in 2012, before dropping that number to 45,000. Will they even make that number though? Hard to tell, though GE’s business will go a long way towards giving the Volt some sales momentum.

Source: Green Car Reports

Source: Gas 2.0 (http://trade.cc/aovw)

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“A coalition of Internet giants including Google Inc. has agreed to support a do-not-track button to be embedded in most Web browsers—a move that the industry had been resisting for more than a year.

The reversal is being announced as part of the White House’s call for Congress to pass a “privacy bill of rights,” that will give people greater control over the personal data collected about them.

The industry has been caught in a number of high-profile privacy slip-ups. Facebook Inc. recently agreed to settle charges by the U.S. government that some of its privacy practices had been unfair and deceptive to users. And last week, Google acknowledged it had been circumventing the privacy settings of people using Apple Inc.’s Web-browsing software on their iPhones, iPads and computers. It stopped the practice after being contacted by The Wall Street Journal.

The new do-not-track button isn’t going to stop all Web tracking. The companies have agreed to stop using the data about people’s Web browsing habits to customize ads, and have agreed not to use the data for employment, credit, health-care or insurance purposes. But the data can still be used for some purposes such as “market research” and “product development” and can still be obtained by law enforcement officers…..”

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Source

HomeAway Inc. (AWAY) (AWAY US): The online vacation-rental service reported forecast revenue in the first quarter will be no more than $64 million, falling short of the average analyst estimate of $65.8 million.

Limited Brands Inc. (LTD) : The owner of the Victoria’s Secret lingerie chain forecast first-quarter earnings will be no more than 40 cents a share, missing the average analyst estimate by 4 cents.

Polypore International Inc. (PPO) : The maker of battery components reported fourth-quarter earnings excluding some items of 58 cents a share, missing the average analyst estimate by 1 cent.

Questcor Pharmaceuticals Inc. (QCOR) : The drug company reported fourth-quarter profit excluding some items of 47 cents a share, exceeding the average analyst estimate by 4 cents.

Gapping up

VVUS +110.4%, ONVI +30.6%, OREX +23.1%, ARNA +14.4%, QIHU +8.6%, QCOR +5.6%, RIG +5.1%, PVA +4.9%, MEG +4.8%, RGR +3.8%, LOOP +3.1%,

WLL +2.9%, ONXX +2.9%, MT +2.3%, SGY +2.3%, SNTS +2.2%, UBS +1.9%, ANW +1.7%, BCS +1.5%, CLR +1.5%, GOLD +2%, RIO +1%, BBL +1%,

SLV +0.5%, BHP +0.3%, LYG +4.1%, ING +1.8%, CS +1.5%, UBS +1.1%, BCS +1.1%, BAC +1%, MS +0.9%, C +0.4%, ONXX +2.9%,CLR +1.5%, ROIC +1.5% ,

DNDN +2%,  LL +1.7%,

Gapping down

PPO -12.7%, GNK -10.5%, SMSI -7.3%, AWAY -5%, LTD -2.8%, PSEC -2.7%, ADI -2.4%, CXO -1.7%, HPQ -1.5%, AVGO -1.5%, FLR -1.3%, TSL -4.2%, HPQ -3.8%,

NIHD -3.7% , KBR -1.5%, ESRX -1.2%, ADI -2.4%, CXO -1.8% , JASO -2.4%, SOL -2.1%, STP -2.0%, SPWR -1.7%, FSLR -1.1%,  MCOX -8.4% ,

In Play

On the Wires 

Thank you for the coin; it has been a long haul….

Full article

Let the lawsuits rain down…..

Shame on Google…

Source

Brightpoint Inc. (CELL) : The wholesaler of mobile phones reduced its forecast for 2012 earnings excluding certain items to no more than $1.13 a share from as much as $1.17.

Brocade Communications Systems Inc. (BRCD) : The maker of switches for data-storage networks forecast revenue in the second quarter of $530 million to $545 million, compared with the average analyst estimate of $537.7 million.

DealerTrack Holdings Inc. (TRAK) : The maker of software for car dealerships forecast revenue in 2012 of no more than $372 million, falling short of the average analyst estimate of $380 million.

Dell Inc. (DELL) : The third-largest maker of personal computers forecast fiscal first quarter revenue that missed analysts’ estimates as lackluster demand for PCs and competition from Apple Inc. eroded growth.

La-Z-Boy Inc. (LZB) : The maker of living-room recliners reported third-quarter earnings of 19 cents a share excluding some items, topping the average analyst estimate by 1 cent.

Texas Roadhouse Inc. (TXRH) : The steakhouse chain forecast earnings in 2012 will rise 5 percent and boosted it’s share buyback by $100 million.

Gapping Up

FIRE +13.1%, TXRH +8.6%, CSIQ +8.4%, PKT +7.1%, BRCD +6%, MOS +4.4%, HLF +3.9%, INTU +3.4%, LZB +2.1%, GNK +1.9%, TS +1.4%,  BIOD +33.8%,

GRMN +9.6% , PKT +7.1%, BRCD +6%, YNDX +4.8%, HLF +3.9%, INTU +3.4%, RRC +2.7% , LZB +2.1%, GNK +1.9% , FTE +1.8%, DX +0.4%,  GNOM +6.7% ,

CSIQ +6.2% ,  GM +0.3% ,  BX +1%, URBN +2.4% ,

Gapping Down

TRAK -8%, YGE -6.2%, IFT -5.6%, DELL -5%, CAKE -5%, CELL -5%, NRF -4.8%, NBR -2.8%, TWO -2.7%, WPRT -1.9%, FST -1.3%, NFLX -1.2%,

REXX -5.4%, PTNR -5%, MGM -4.2%, CAKE -4%, CNK -3.4% , TOL -3%, NBR -2.8%, BAS -1.9%, FST -1.3% , VOD -2.2% ,  GSK -1.2% ,  WBMD -3.7%, WTS -1.1% ,

NBG -8.1%, ING -1.8%, UBS -1.3%, CS -1.3%, C -1.2%, BCS -1.0%, GILD -1.1% ,

In Play

On the Wires