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Tellabs Shares Swoon On Worries Over AT&T Backhaul Business

30 July 2010, 12:46 pm by: Eric Savitz
Tellabs (TLAB) shares are taking a hit on concerns that the company is about the lose a big piece of its business with AT&T (T). Here’s what’s unfolded: Yesterday, AT&T announced that it has selected Alcatel-Lucent (ALU), Cisco (...

Disney To Sell Miramax For Over $660M To Investor Group

30 July 2010, 10:31 am by: Eric Savitz
In case you missed it, Disney (DIS) has finally found a buyer for Miramax, agreeing to sell the unit for more than $660 million to a group of investors led by Ronald Tutor, CEO of the construction firm Tutor Perini. Investor Tom Barrack and his firm...

Research In Motion Reportedly To Launch Tablet In November

30 July 2010, 10:15 am by: Eric Savitz
“Oh there’s a big surprise! That’s an incredible - I think I’m going to have a heart attack and die from not surprise!” - Iago the parrot, in Aladdin Research In Motion (RIMM) plans to launch a tablet computer in Novembe...

Samsung Plans Android-Based Tablet; Everybody’s Doing It

30 July 2010, 9:54 am by: Eric Savitz
Samsung said it plans to offer an Android-based tablet with a 7-inch display, Reuters reports, the latest in a lengthening list of planned challengers to the Apple (AAPL) iPad. Also planning to enter the market are Nokia, LG and Hewlett-Packard, amon...

RealNetworks Has Real Trouble: Q2 Miss, A Pair Of Downgrades

30 July 2010, 9:44 am by: Eric Savitz
RealNetworks (RNWK) shares are trading lower this morning on disappointing Q2 results. Late yesterday, the company reported Q2 revenue of $88.9 million, with a GAAP loss of 19 cents a share; the Street had been forecasting $90.4 million and a loss of...

Russian Internet Investor Digital Sky Reportedly Plan An IPO

30 July 2010, 9:29 am by: Eric Savitz
Digital Sky Technologies, the Russian investment group, plans to sell up to 25% of its Russian unit in an IPO in London next year, the Financial Times reports, citing “people familiar with the situation.” The piece says Digital Sky has hi...

MEMC: After The Miss And Warning, Some Analysts Give Up

30 July 2010, 9:22 am by: Eric Savitz
MEMC Electronic Materials (WFR) shares are getting bruised this morning after the company late yesterday posted disappointing Q2 results, and provided disheartening profit guidance for 2010. To recap yesterday’s news: The provider of silicon wa...

Apple: Assessing The Long-Term Risk From Android Phones

30 July 2010, 8:44 am by: Eric Savitz
How big a risk is Android to Apple’s (AAPL) iPhone business? Bernstein Research analyst Toni Sacconaghi took a look at that issue this morning, and finds only modest risks near-term, but an inevitably more serious clash a few years out. Clearly...

Alcatel-Lucent Jumps On Q2 Results; Keeps 2010 Guidance

30 July 2010, 7:31 am by: Eric Savitz
Alcatel-Lucent (ALU) shares are trading sharply higher following the company’s announcement of Q2 results. For the quarter, the networking equipment company posted revenue of 3.8 billion Euros, up 17% sequentially and down 2.4% from a year ago;...

Uniloc Sues Sony, McAfee, Activision, Others For Infringement

30 July 2010, 7:15 am by: Eric Savitz
Uniloc USA yesterday said it has filed a patent infringe suit in federal court in Texas against Sony (SNE), McAfee (MFE), Activision (ATVI), Quark, Aspyr Media and Borland Software, “over their unauthorized use of Uniloc’s patented anti-pir...

Cell Phone Units Up 13% In Q2

30 July 2010, 7:03 am by: Eric Savitz
The global handset market expanded 13% in the second quarter to 308 million units, from 273 million a year ago, according to the research firm Strategy Analytics. The firm says the market was driven by both lower-end 2G models in emerging markets and...

Intel Wins Key Ruling In Suit Filed On Behalf Of PC Purchasers

30 July 2010, 6:45 am by: Eric Savitz
Intel (INTC) yesterday won a key ruling in a class-action lawsuit filed against the company on behalf of computer buyers, when the special master in the case ruled that there is no evidence that consumers were by the chip maker’s practices of p...

Dell Streak: Delayed?

30 July 2010, 6:36 am by: Eric Savitz
Has the Dell (DELL) Streak, its Android-based small-sized tablet thingy, been delayed? The web site Phone News points out that the Streak, originally expected to ship in late July, is now shown on the company’s Web site simply to be available &...

Facebook: No IPO Before 2012?

30 July 2010, 6:28 am by: Eric Savitz
Facebook isn’t likely to go public until 2012, Business Week reports, asserting that CEO Mark Zuckerberg wants more time to gain users and boost sales. The report is attributed to “three people familiar with the matter.” There has b...

GT Solar Buys Crystal Systems For Close To $80M In Cash, Stk

30 July 2010, 6:21 am by: Eric Savitz
GT Solar (SOLR) this morning announced that it has acquired privately held Crystal Systems, a Salem, Mass.-based company which makes high quality sapphire substrates used in LED, medical and aerospace applications, for close to $80 million in cash an...

Netflix: Morgan Stanley Upgrades; Sees Margin Upside Ahead

30 July 2010, 6:11 am by: Eric Savitz
Neflix (NFLX) shares are getting an early lift Friday from Morgan Stanley analyst Scott Devitt, who this morning raised his rating on the stock to Overweight from Equal Weight. Devitt offers three basic reasons for his more optimistic stance: The re...

Earnings-Driven Late Session Losers: TNAV, LNET, CNXT, CTCT

29 July 2010, 5:49 pm by: Eric Savitz
Ok, so, “losers” might be a little harsh. Nonetheless, the June quarter earnings season is taking a significant toll on some stocks - like these four. TeleNav (TNAV): The provider of location-based services posted revenue for its fiscal...

Earnings-Driven Late Gainers: TUNE, QSFT, MXIM, SWIR, ROVI

29 July 2010, 4:57 pm by: Eric Savitz
Fascinating to see how many earnings reports are pushing around stock prices in dramatic fashion in the current quarter. Here are five companies seeing a post-close bump from June quarter results: Microtune (TUNE): The company, which makes chips use...

Harmonic Rallies On Q2 Beat

29 July 2010, 3:29 pm by: Eric Savitz
Harmonic (HLIT) shares are trading higher after hours on strong Q2 financial results. For the quarter, Harmonic reported revenue of $95.5 million and a non-GAAP profit of 9 cents a share, ahead of the Street consensus at $90.4 million and 7 cents a s...

Power-One Powers Higher On Beat-And-Raise Q2 Earnings

29 July 2010, 3:03 pm by: Eric Savitz
Power-One (PWER), which makes power conversion and power management systems, posted stronger-than-expected Q2 results, and impressive Q3 guidance. For the quarter, the company reported revenue of  $215 million and profits of 17 cents a share, ahead...

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