ATVI, AVP, CSCO, KERX, WFR, PCS, MNST, NWSA, PCLN, SGA, TSLA, PANL

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Facebook amended their S1 stating that mobile, which they have been touting, may have a negative material effect on revenues and operations going forward.

Does anyone feel like this IPO may be the TOP in the market for a while ? Or could this be a stunt for some of those private shares to be shaken out b4 the IPO ?

Stay tuned….

Amendment

“Corporations are infiltrating Africa with plans to profit from the land.

An $11 million dollar project funded by the Bill and Melinda Gates Foundation and the Cocoa-Cola Corporation are employing 50,000 Kenyan and Ugandan smallholders to produce fruit for Minute Maid, a subsidiary for Cocoa-Cola.

Mutli-national corporations are descending on Africa to utilize their land in the hopes that crop yields will boost their profit margins…”

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Cisco Systems on Q3 earnings conference call says it sees Q4 gross margin between 61-62%

Cisco Systems on Q3 earnings conference call sees Q4 revenue growth of 2-5% vs ~7.1% growth Capital IQ consensus

Cisco Systems on Q3 earnings conference call sees Q4 EPS of $0.44-0.46 vs $0.47 Capital IQ Consensus Estimate

Protesters have gathered outside the BoA headquarters to show their anger with the bank during its annual shareholders meeting.

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CLEVELAND, May 8, 2012 /PRNewswire/ — Associated Estates Realty Corporation (NYSE, NASDAQ: AEC) today announced that it will expand to Southern California by building apartments on Wilshire Boulevard in the highly desirable Miracle Mile submarket of Los Angeles.

Associated Estates purchased the historic Desmond’s Tower at 5500 Wilshire Blvd. and the adjacent parking lot. The acquired property comprises 2.21 acres with the parking lot area being entitled for apartments. Associated Estates plans to build up to 175 apartments and structured parking. Desmond’s Tower is a 78,800 square foot office and retail building that has several tenants, including the internationally acclaimed Ace Gallery.

The apartments will be known as The Desmond on Wilshire and construction is expected to begin spring of 2013. Merit Enterprises, Inc. (“Merit”), a wholly owned subsidiary of Associated Estates, will act as construction manager.

“The Desmond is an exceptional opportunity and a terrific way to develop our first Southern California apartment property in a highly sought after location on Wilshire Blvd.,” said Jason Friedman, Vice President of Construction and Development. “We are excited about expanding into this market,” Friedman added.

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Pay the fine and do the crime is today’s motto in business.

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SWARTHMORE, Penn. (MarketWatch) — In a very modern version of ancient Rome’s bread-and-circuses formula, Facebook is staging its roadshow for major institutional investors this week.

The company will toss some bits to the masses — or, at least, to the individual investors among the masses who want to get in on its initial public offering when it hits the market next week.

However, it won’t be easy picking up those crumbs. Companies going public routinely distribute most of their available shares to the big-bank underwriters, who resell most of them to their biggest institutional clients. According to the New York Times, when the Facebook IPO launches on May 17 “as much as” 20% to 25% of the 337 million available shares will be distributed through brokerage firms that cater to individual investors. The usual cut to retailers is about 15%.”

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Homeowners looking to refinance have been told to wait 60-90 days. Hundreds of thousands of would be borrowers  trying to take advantage of low rates  have not received any service after bailing out the nations largest banks.

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“GlaxoSmithKline Plc (GSK) will begin a hostile $2.6 billion tender offer this week for Human Genome Sciences Inc. after the U.S. company, its partner on the Benlysta drug for lupus, rebuffed a takeover approach.

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These changes are the result of the actions taken by the Board to address stock sales by Mr. Stiller’s and Mr. Davis’ brokerage firm, which sales were inconsistent with the Company’s internal trading policies. Specifically, Mr. Stiller and Mr. Davis had margin call-related stock sales totaling 5.548 million shares, reflected in Form 4 filings filed with the Securities and Exchange Commission today. These forced sales were related to margin loans, which were secured by pledges of Mr. Stiller’s and Mr. Davis’ GMCR stock and triggered by recent GMCR stock price activity.

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S.A.C. Capital discloses 5.0% stake in 13G filing

Increased productivity and inventory controls have helped the largest companies book record profits. Per diem work, underpay, avoiding healthcare, pensions, and a living wage has put companies on the map and  a feather in the cap of “capitalism.”

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Analysts expected a 5% bump. The burger chain came in with 3.3%…

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Last week it was Bank of America. This time it is the bank once again known as Margin Stanley. From the 10-Q: “In connection with certain OTC trading agreements and certain other agreements associated with the Institutional Securities business segment, the Company may be required to provide additional collateral or immediately settle any outstanding liability balances with certain counterparties in the event of a credit rating downgrade. At March 31, 2012, the following are the amounts of additional collateral, termination payments or other contractual amounts (whether in a net asset or liability position) that could be called by counterparties under the terms of such agreements in the event of a downgrade of the Company’s long-term credit rating under various scenarios: $868 million (A3 Moody’s/A- S&P); $5,177 million (Baa1 Moody’s/ BBB+ S&P); and $7,206 million (Baa2 Moody’s/BBB S&P). Also, the Company is required to pledge additional collateral to certain exchanges and clearing organizations in the event of a credit rating downgrade. At March 31, 2012, the increased collateral requirement at certain exchanges and clearing organizations under various scenarios was $160 million (A3 Moody’s/A- S&P); $1,600 million (Baa1 Moody’s/ BBB+ S&P); and $2,400 million (Baa2 Moody’s/BBB S&P).” As a reminder, on February 15 Moody’s warned it’s considering downgrades of US banks and may cut Morgan Stanley as much as, you guessed it, 3 notches. Needless to say this explains why “CEO James Gorman has met with the ratings firm more often than usual in the past quarter.” Net – if the firm sees a 3 notch downgrade as warned the hit will be an AIG-shudder inducing $9.6 billion, or one third of the company’s market cap, and enough to leave all shareholders wishing they had exposure to Greece, and no exposure to Morgan Stanley.

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[youtube:http://www.youtube.com/watch?v=T5DAhEhrYwM&feature=g-all-u 603 500]

“SAN FRANCISCO (Reuters) – A Northern California jury on Monday found that Google Inc infringed upon Oracle Corp’s copyrights on the structure of part of the Java software programming language, in a high stakes trial over smartphone technology.

However, the jury failed to decide after days of deliberation whether Google had the right to fair use of that copyrighted structure.

The verdict on copyright was read in a San Francisco federal courtroom.”

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