Media Digest 4/14/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Blockbuster (NYSE:BBI) said it has offered to buy Circuit City (NYSE:CC) for $6 to $8 in cash.
Reuters writes that a merger between Delta (NYSE:DAL) and Northwest (NYSE:NWA) could be announced this week.
Reuters reports that TIme Warner’s (NYSE:TWX) AOL landed a deal to sell all of Verizon’s (NYSE:VZ) online ad inventory.
Reuters writes that India’s Jet Airways will demand compensation from Boeing (NYSE:BA) for late delivery of the 787.
The Wall Street Journal reports that Wachovia (NYSE:WB) will get an outside infusion of several billion dollars.
The Wall Street Journal writes that G-7 and IMF meetings failed to come up with a joint emergeny plan to help the global economy.
The Wall Street Journal reports that Deutsche Bank (NYSE:DB) will sell as much as $20 billion in leveraged buy-out loans to private equity firms.
The Wall Street Journal reports that Salesforce.com (NYSE:CRM) will sell Google’s (NASDAQ:GOOG ) Apps software to its customers.
The Wall Street Journal reports that some shareholder-advisory firms are suggesting investors vote against re-electing the current Citigroup (NYSE:C) board.
The New York Times reports that economic ministers said that the world food crisis is even worse than the economic crisis.
The New York Times reports that CBS (NYSE:CBS) may be hurt by the lack of a major blockbuster show in its new schedule.
Bloomberg writes that profits at Phillips declined on falling TV prices.
WB common stock will be priced at $24/share, deal oversubscribed-CNBC
David Faber reports the $3.5B of common stock in the equity offering will be priced at $24/share.
EMKR: Reiterate Buy and $10 target following analyst day@NEED
Needham continues to expect the company’s value to be unlocked when it divides in two parts.
IBM: Target to $130 from $120 ahead of March quarter report@GSCO
Goldman expects higher revenue, mix improvement, and cost management to drive results. Shares are Buy rated.
Actionable call should be strong if the market holds up.
ADBE: AIR product developer checks bullish; maintain Outperform@PACS
PacCrest’s developer checks on the AIR product are bullish which they view as a long-term strategic benefit in driving adoption of the product. Target $54.
Eaton (ETN) is one of the few names trading to the upside today, up +5.14% after a mixed Q1 earnings announcement today (better on the ex-items side) but with raised guidance for Q2. Actionable call, look for possible continuing strength here.
JASO: See at least 20% upside to shares@LEHM
Lehman’s checks indicate JASO’s wafer prices were unchanged in Q1 vs. Q4, implying ASP upside.
