goog
GOING TO S&P500 BY MARCH 31
Stifel upgrades GOOG to Buy from Hold and raises their tgt to $435 from $404. The firm expect Google shares to be up materially this morning as it was announced last evening that the co was being added to the S&P 500. The firm upgrades the shares on fundamentals and the they believe fundamentals support a potential 20% upside from current levels while the S&P addition accounts for the remaining 7%
2-
PALM
Palm beats by $0.02, beats on revs, guides Q4 EPS and revs above consensus (PALM) 20.14 +0.47: Reports Q3 (Feb) earnings of $0.19 per share, excluding non-recurring items, $0.02 better than the Reuters Estimates consensus of $0.17; revenues rose 36.2% year/year to $388.5 mln vs the $377.7 mln consensus. PALM ships 564k Treos vs 575k street expectation. Co issues upside guidance for Q4, sees non-GAAP EPS of $0.22-0.23 vs. $0.20 consensus; sees Q4 revs of $400-405 mln vs. $397.51 mln consensus. Co sees Q4 gross margins of 33.5-33.7%, operating expenses of $100-102 mln.]
Lehman says Palm posted much higher Treo sell through and ASPs than they expected, partially offset by only modest changes to their unit forecasts. Given mgmt's commentary surrounding improved ASP levels
Bear Stearns says that PALM reported solid Q3 results, with both revs and EPS topping expectations driven by higher ASPs
CHEAP STOCK'S
LU
Lucent, Alcatel are far along in merger talks - WSJ : The Wall Street Journal reports Lucent Technologies (LU) and France's Alcatel SA (ALA) said they were in advanced talks on a merger that would create a trans-Atlantic equipment supplier with a market value of $33 bln. Given the cultural and logistical challenges, moreover, a merger could prove to be among the more complicated recent couplings in the industry. With protectionist sentiment growing in both the U.S. and Europe, a merger could prove a critical test of cross-border cooperation for the French and U.S. governments. In a joint statement late yesterday, the companies said: "We can confirm that Lucent and Alcatel are engaged in discussion about a merger of equals that is intended to be priced at market. There can be no assurances that any agreement will be reached or that a transaction will be consummated. We will have no further comment until an agreement is reached or the discussions are terminated
GOING TO S&P500 BY MARCH 31
Stifel upgrades GOOG to Buy from Hold and raises their tgt to $435 from $404. The firm expect Google shares to be up materially this morning as it was announced last evening that the co was being added to the S&P 500. The firm upgrades the shares on fundamentals and the they believe fundamentals support a potential 20% upside from current levels while the S&P addition accounts for the remaining 7%
2-
PALM
Palm beats by $0.02, beats on revs, guides Q4 EPS and revs above consensus (PALM) 20.14 +0.47: Reports Q3 (Feb) earnings of $0.19 per share, excluding non-recurring items, $0.02 better than the Reuters Estimates consensus of $0.17; revenues rose 36.2% year/year to $388.5 mln vs the $377.7 mln consensus. PALM ships 564k Treos vs 575k street expectation. Co issues upside guidance for Q4, sees non-GAAP EPS of $0.22-0.23 vs. $0.20 consensus; sees Q4 revs of $400-405 mln vs. $397.51 mln consensus. Co sees Q4 gross margins of 33.5-33.7%, operating expenses of $100-102 mln.]
Lehman says Palm posted much higher Treo sell through and ASPs than they expected, partially offset by only modest changes to their unit forecasts. Given mgmt's commentary surrounding improved ASP levels
Bear Stearns says that PALM reported solid Q3 results, with both revs and EPS topping expectations driven by higher ASPs
CHEAP STOCK'S
LU
Lucent, Alcatel are far along in merger talks - WSJ : The Wall Street Journal reports Lucent Technologies (LU) and France's Alcatel SA (ALA) said they were in advanced talks on a merger that would create a trans-Atlantic equipment supplier with a market value of $33 bln. Given the cultural and logistical challenges, moreover, a merger could prove to be among the more complicated recent couplings in the industry. With protectionist sentiment growing in both the U.S. and Europe, a merger could prove a critical test of cross-border cooperation for the French and U.S. governments. In a joint statement late yesterday, the companies said: "We can confirm that Lucent and Alcatel are engaged in discussion about a merger of equals that is intended to be priced at market. There can be no assurances that any agreement will be reached or that a transaction will be consummated. We will have no further comment until an agreement is reached or the discussions are terminated
انت تدري حتى الموبايل ممنوع