Credit Suisse analyst upgrades Novellus, says he expects Samsung to increase capital spendingSeptember 21st, 2009 Credit Suisse analyst upgrades shares of NovellusSAN FRANCISCO — A Credit Suisse analyst upgraded Novellus Systems Inc. shares to "Outperform" Monday, citing several reasons including an expectation that Samsung Electronics Co.
Research In Motion shares retreat after UBS downgradeAugust 10th, 2009 RIM shares take a hit after UBS downgradeNEW YORK —Shares of Research in Motion Ltd. took a hit Monday after a UBS analyst downgraded the BlackBerry smart phone maker, saying that while the current quarter looks to be going well, the stock is nearing his target price.
Movers roundup: Starbucks shares soar; Seagate Technology stock jumps on outlook, upgradeJuly 23rd, 2009 Movers roundup: Starbucks, Seagate TechnologyAmong the stock activity stories for Wednesday, July 22, from AP Financial News:
NEW YORK (AP) — Shares of Starbucks Corp. soared after a number of analysts praised the company's cost-cutting efforts following the gourmet coffee chain's fiscal third-quarter profit report.
Research in Motion fiscal first-quarter earnings up 33 cents on increased salesJune 18th, 2009 RIM 1Q earnings up 33 percent on increased salesTORONTO — BlackBerry maker Research in Motion Ltd. on Thursday exceeded first-quarter expectations when it reported a 33 percent rise in profit but disappointed investors with its guidance.
LDK shares tumble on 2nd-qtr loss, analyst warns of more write-downs, stressed balance sheetAugust 13th, 2009 LDK shares fall on 2Q loss, analyst rates "Sell"NEW YORK — Shares of solar cell wafer maker LDK Solar Co. Ltd. tumbled on Thursday, the morning after the company posted a second-quarter loss as it wrote down the plummeting value of its inventory.
BlackBerry shares fall marginallyJanuary 22nd, 2009 TORONTO - BlackBerry maker Research In Motion's shares fell only slightly Thursday after the news that its two co-CEOs face a multi-million dollar fine from the market regulatory body. The co-CEOs - Jim Balsillie and Michael Lazaridis - face up to $100 million in fines from the provincial Ontario Securities Commission for their role in a stock option backdating controversy.
Video game shares take a hit as PlayStation price cut rumors mountAugust 17th, 2009 Sector Snap: Video games take a hitNEW YORK — Shares of video game companies took a hit Monday, even as rumors mounted about a looming price cut for Sony Corp.'s PlayStation 3. The shares dropped just a few days after market researcher NPD Group reported a sharp drop in video game retail sales for the month of July.
BlackBerry posts $643 mn profitJune 20th, 2009 TORONTO - BlackBerry maker Research In Motion (RIM) has reported a profit of $643 million for the first quarter of the year, compared to $518.3 million posted during the previous quarter. However, its quarterly revenue was slightly dwon at $3.42 billion from $3.46 billion in the previous quarter.
Sales boost Research in Motion's 1st-qtr earnings 33 percent; investors cautious on forecastJune 19th, 2009 RIM 1Q profit tops view, shares wobble on outlookTORONTO — BlackBerry maker Research in Motion Ltd. on Thursday reported a better-than-expected 33 percent jump in first-quarter profit as the company continues to boost market share among non-corporate customers.
Porsche: German state-owned bank rejects demand for euro1.75 bln credit, but Qatar eyes stakeJune 30th, 2009 Porsche denied credit demand, Qatar eyes stakeSTUTTGART, Germany — Porsche said Tuesday that a state-owned German development bank has rejected its application for euro1.75 billion ($2.46 billion) in credit, but that a Qatar investment fund has offered to buy a stake in the sports car maker. Porsche Automobil Holding SE said the KfW bank had rejected the application.
Seagate increases revenue guidance in fiscal 4th quarter helped by better demandJune 25th, 2009 Seagate raises 4th-quarter revenue guidanceSCOTTS VALLEY, Calif. — Hard drive maker Seagate Technology on Wednesday raised its fiscal fourth-quarter revenue guidance due to better-than-expected demand and favorable pricing for its products.
Shanda Games gets tepid reception for this year's biggest IPO; shares slide 14 percentSeptember 25th, 2009 Shanda Games IPO gets tepid receptionNEW YORK — Shanda Games Ltd., a Chinese video game company, raised $1 billion Friday in the largest initial public offering of the year. The company offered more shares than expected, but got a lackluster reception.
Investors largely shrug off dismal July video game sales; EA, Activision post modest gainsAugust 14th, 2009 Sector Snap: Stocks shrug off low video game salesNEW YORK — Investors seemed to look past dismal July video game sales on Friday to expectations of a better second half to the year, with shares of game makers holding up despite the fifth straight month of declines. Market researcher NPD Group reported a 29 percent drop in sales of game hardware, software and accessories Thursday, an even steeper decline than analysts were expecting.
Shanda Games to launch this year's biggest IPO, raising $1 billion at $12.50 per shareSeptember 25th, 2009 Shanda Games to launch this year's biggest IPONEW YORK — Shanda Games Ltd., a Chinese video game company, raised $1 billion Friday in the largest initial public offering of the year. The company offered more shares than expected, but got a lackluster reception.
Samsung says 2nd-quarter net profit rose 5.2 percent over last year's, sales riseJuly 24th, 2009 Samsung says quarter-2 net profit rose 5.2 percentSEOUL, South Korea — Samsung Electronics says second-quarter net profit rose 5.2 percent from the same period last year as sales rose. Samsung Electronics Co.
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