Eric Savitz(Barron's) submits: MEMC Electronic Materials (WFR) shares were lower Monday after J.P. Morgan?s Christopher Blansettremoved the stock from the firm?s Focus List, though he maintains hisOverweight rating. Blansett notes that the stock had hit his $75 pricetarget.Complete Story »
Eric Savitz(Barron's) submits: SAP (SAP) shares have gotten a boost from rumors about a potential takeover offer from Microsoft (MSFT), according to Reuters. This is not the first time this concept has cropped up; the companies confirmed in 2004that they had held talks starting in late 2003, but terminated them afew months later. ?Microsoft ended these discussions due to thecomplexity of the potential transaction and subsequent integration,?the company said at the time.Complete Story »
Carl Howe (Blackfriars Communications) submits: I'm often using my iPhone to do routine things, like checking theweather, stock prices, and Internet sites. In fact, just yesterday, Iwas in the supermarket with my shopping list on my iPhone and saw Eyeof Round beef on sale. So I googled, "Cook eye round roast beef", founda recipe titled "Burgundy Eye of Round" on Cooks.com, bought the otheringredients, and got a great Sunday dinner with leftovers for about$10, all in about 5 minutes. It was so easy -- and something I wouldn'thave bothered with on my Nokia (NOK) E61i, just because that machine was sohard to make work properly on the Internet.Complete Story »
Lon Juricicsubmits: In an amended 13D filing after the close Friday on Atmel (ATML), Daniel Loeb's Third Point LLC disclosed they lowered their stake in the company to 4.99% (22.4 million shares).Complete Story »
Discover Financial Services announced Monday it will take a fourth quarter charge of more $400 million to write off part of its Goldfish credit card unit in the U.K.Complete Story »
Larry Dignan (ZDNet) submits: Klausner Technologies, a company founded by Judah Klausner whoinvented the PDA, is suing Apple (AAPL), AT&T (T) over iPhone?s visualvoicemail patents. For good measure Klausner is suing Comcast (CMCSA),Cablevision (CVC) and eBay?s (EBAY) Skype.Sound familiar?Complete Story »
(GE) ?An analyst downgrade citing downside vulnerability inthe conglomerate?s consumer finance unit pressured shares in GeneralElectric, down 2.7% this morning at $37.24. The development elicited optionvolume of some 110,000 contracts, making it not only one of the day?smost active option traders by volume, also a top implied volatility gainer?the implied vol reading is up 16.4% this morning to 27.5%. Activityappears to be drawn to December puts at the 35 strike, which were freshlybought on a volume of more than 57,000 lots this morning and imply the right tosell General Electric just a notch above the standing 52-week low of $33.34.Some traders may have looked to take profit in existing put positions at theDecember 37.50 strike, those contracts having more than doubled in value sinceFriday. Complete Story »
Here's our summary of articles and data points on the housing market. It's part of Seeking Alpha's coverage of the real estate market and homebuilder stocks. Like all other topics and stock coverage from Seeking Alpha, you can have this sent to your Blackberry or desktop email by signing up for our no-spam free email subscription service.Complete Story »
Amit Chokshisubmits:As I've mentioned before, one of the great things about maintaininga blog is the reader interaction. My last poston Downey FinancialCorp. (DSL) regarding the 13D filed by Gerald Ford's Hilltop Holdings(HTH) resulted in some great insight provided by some readers. Complete Story »
Autozone (AZO) is set to report earnings before the bell Tuesday and the CC is scheduled for 10 am. The street is calling for earnings of $1.91 and Revenue of 1.44 billion.Complete Story »
Andrew Ling submits:I've never been a fan of analysts, but their coverage of First Solar (FSLR) has been sub-par even by their own lackluster standards. Every analyst's estimate has been too low every quarter.Complete Story »
Thomas Murphy submits:Since I first wrote aboutParlux (PARL), shares have fallen nearly 13% to just above $4.00. Of course this must mean that PARL's turnaround must have hit a few potholes in the road, correct? The answer is not that I can see.Complete Story »
Entropic Communications (ENTR)is a leading fabless semiconductor company that designs, develops, and markets systems solutions to enable connected home entertainment. i.e. TV /HD video, movies, music, games and videos.Complete Story »
