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The merger of Alcatel and Lucent was lame-brained from the start. It joined two weak companies in a troubled industry which includes also-rans like Nortel (NT). It is an ugly group of firms which do...
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Idearc (NYSE: IAR) Big earnings miss mugs shares, Down to $11.21 from 52-week high of $38. Infineon Technologies (NYSE: IFX) German company posts weak numbers. Sells off to $7.89 from 52-week high of...
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The worst part of the recession cycle is beginning. News from several big sectors like retail, housing, and automotive has already turned bad. In the last two days, Sprint (S) and GM (GM) have said...
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Men’s Warehouse (MW) No one wants shirts, coats, and ties. Falls to $16.76 on bad same-store sales. Down from 52-week high of $56.64. Barnes & Noble (BKS) Poor sales and weak earnings. Books...
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A recent poll from Reuters showed that analysts believe that earnings growth rates will go negative in the fourth quarter. It is the first time that has happened since the poll was introduced in...
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Vonage (VG) settles a patent dispute with a larger company about once a month. The latest one was with Nortel (NT), a broken telecom equipment supplier which has plenty of problems of its own....
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Some of these stocks hit 52-week lows and recovered off of lows so they won’t have a low close. But these did all touch or breach the 52-week lows. At the end we also broke out retail stocks,...
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Nortel Networks Corp. (NYSE:NT) is one of the old tech/telecom equipment stocks that has never seemed to be able to make a turnaround hold. The company is far from alone and competition from...
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Every month, 24/7 Wall St. peruses through the NYSE, AMEX, and the NASDAQ. One key area we look at of course is technology. Below is a summary of some of the key technology stocks we evaluate...
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Cisco Systems Inc. (NASDAQ:CSCO) has traded under $30.00 since its earnings report, and 24/7 Wall St. wanted to compare and contrast this drop to a prior trough from years before. Cisco Systems saw...
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Nortel (NT) turned in less that stellar numbers, but relief that it is not the next Alcatel-Lucent (ALU) sent shares up 7%. The stock still trades fairly near its 52-week low. Nortel had revenue of...
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Archer-Daniels Midland (ADM) $0.71 vs. $0.59 est. Asset Acceptance Corp. (AACC) -$0.05 EPS vs -$0.05 est. Beazer (BZH) cutting 1/4 workers and suspends dividend; sees new order down 50%. Church &...
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Alcatel-Lucent (ALU), which may go down in the annuls of business as one of the most poorly conceived mergers in modern business history, announced another large quarterly loss and said it would fire...
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3Com did confirm the reports of a $2.2 Billion buyout from Bain and Huawei this morning at $5.30 per share. Why $5.30? It wasn’t based on the stellar valuation nor was the price on its great...
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Circuit City (CC) After announcing weak financials, can’t get off the list. Down to $8.07 from 52-week high of $29.31. Standard Pacific (SPF) California homebuilder said it would stop paying a...
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