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Holiday Season May Bring Renewed Interest In BizAuctions (OTC: BZCN.OB)

Fri, 16 Oct 2009 16:18:16 GMT

(Public, OTC:BZCN.OB) As the holiday season fast approaches during one of the most hard hit economic times in recent memory, certain discount companies look to profit and gain recognition, differentiating themselves from the pack. One of these such companies is BizAuctions Inc. (OTC:BZCN.OB),[More...]

Stocks End Broadly, But Modestly, In Red

Wed, 29 Jul 2009 20:45:00 GMT

Stocks close modestly lower, with all major averages down 0.3%-0.4% and ending well off session lows after a late-day rally. Wall Street absorbed mixed economic and earnings reports and remains hestitant to extend the recent rally[More...]

Pre Market Report For July 7

Tue, 07 Jul 2009 13:15:00 GMT

Technology shares are mixed in the pre-market session. GenCorp (GY) said Q2 sales were $183 million, down from a year ago. EPS rose to $0.18.[More...]

Market Report For Friday: Apr 17, 2009

Fri, 17 Apr 2009 13:00:45 GMT

(7:11am ET) There was plenty of economic data released in the US during the day; however the equity market sidetracked until 2pm ET, when with prices at modest losing levels on the week until that point, suddenly, and for no discernable reason, there was a rally that left the indexes with small gains through Thursday. Perhaps traders were anticipating a positive quarterly report from Google (GOOG +2.4% on +151% of average daily trading volume)? After the close, the company did not disappoint, beating both revenue and EPS estimates. The company posted net income of $1.42 billion ($5.16/share), up +8% from the $1.31 billion ($4.84/share) recorded during the same period a year ago. Revenue for 1Q2009 increased +10% to $4.07 billion, from $3.7 billion, excluding traffic acquisition costs. On average, analysts had expected earnings per share of $4.93 and revenue of $4.08 billion, according to Yahoo Finance. For the first[More...]

Daily Report For Thursday, Apr 16, 2009

Thu, 16 Apr 2009 13:36:24 GMT

(8:25am ET) The main focus of traders today will be the 1Q2009 earnings report from JP Morgan (JPM), and the close scrutiny of the data and hype that will follow. After hitting a low of $14.93 in early March, JPM has rallied +118.1% to yesterday’s close of $32.56. There was a high of $34.15 on Tuesday. http://tinyurl.com/da6dcv JP Morgan reported Q1 net income of $2.14 billion, or $0.40/share, down -10% from a year earlier, but beat analysts' expectations. Revenue increased +48% to $25.03 billion. WSJ reported that CEO Jamie Dimon said the firm extended about $150 billion in new credit to consumer and corporate customers during the quarter. With a last hour rally spurred by the real estate investment trusts (REITS) ($DJR +8.7%) and Banks ($BKX +5.1%) in the Financial sector (XLF +4.8%), the US equity[More...]

Daily Report For Tuesday, Apr 14, 2009

Tue, 14 Apr 2009 14:18:59 GMT

(9:30am ET) Stocks in NY sank at the open following various negative reports from TV talking heads, though trade volume was weak on the Easter Monday. After the close, Goldman Sachs surprised with unusually positive revenue and earnings. Today, President Obama will be making a speech on the state of the economy. Traders are confused. Yesterday was pretty much a lost day in the market. Very little of consequence happened. By the close, the DJIA’s small loss (-25.57 -0.32% to 8057.81) offset the small gain in the S&P (+2.17 +0.25% to 858.73), while the NASDAQ (+0.77 +0.05% to 1653.31) was flat. The Toronto Composite (+98.50 +1.07% to 9285.6) and the Toronto Venture Board (+11.89 +1.23% to 980.86) were stronger as the metal miners and goldminers enjoyed a good day. Except for Japan’s Nikkei 225 index (-0.92% to 8842.7), prices today were strong in the major international equity markets: Australia (+2.22% to[More...]

Daily Report For Tuesday: Apr 7, 2009

Tue, 07 Apr 2009 13:31:58 GMT

(8:05am ET) Stocks closed Monday's session in NY lower on a lightly-traded day, but much higher Week over Week. Through Friday, the major market indexes saw their largest four-week gains in seventy-six years. Now the market is preparing for 1Q2009 earnings season, which gets underway today with Alcoa (AA). On Monday, the DJIA (-41.74 -0.52% to 7975.85), S&P (-7.02 -0.83% to 835.48), and NASDAQ (-15.16 -0.93% to 1606.71) could not make headway against concerns the major banks may be preparing to release negative quarterly reports. The Toronto Composite (-49.59 -0.55% to 9016.17), and Venture Board (-12.42 -1.27% to 963.17) were also down on the day, but higher Week over Week. In international equity markets today, the closing prices showed losses except for Shanghai China (+0.80% to 2439.2): Australia -1.30% to 3648.5; Hong Kong -0.46% to 14929.0; India -1.80% to 10534.9; and Japan -0.28% to 8832.9. At 7:30am ET,[More...]

Daily Report For Wednesday, Apr 1, 2009

Wed, 01 Apr 2009 14:53:00 GMT

(8:07am ET) In his absence, Bill has asked the CTAB traders fill in for him today and maybe tomorrow as well. Bill was having connectivity and other related computer issues early Tuesday morning. Perhaps the Conficker worm virus programmed to be unleashed April 1, began slithering through the Bahamas a little ahead of schedule. The final trading day of the month opened higher, with aggressive traders nimbly positioning themselves for further short gains, after a late afternoon bounce Monday, anticipating large money managers to “mark up” equities boosting their quarter end returns. This strategy paid off nicely as the S&P future rose to 807, nearly 4% off Monday’s late afternoon low of 776. However, traders expecting prices to close near the highs were disappointed, as stocks peaked near 3pm eastern, giving up a significant portion of the day’s gains. The DJIA finished up 86.9 (+1.15%) closing at 7608.92,[More...]

Daily Report For Friday, Mar 27, 2009

Fri, 27 Mar 2009 13:32:35 GMT

(8:36am ET) On Thursday, the upbeat earnings report of (Cara 100) Best Buy (BBY) served to lift the market at the open. Technologies stocks later were the basis of a closing hour rally. At the close, the DJIA (+174.75 +2.25% to 7924.56), S&P 500 (+18.98 +2.33% to 832.86), and NASDAQ (+58.05 +3.80% to 1587.00) gained for the third day in four this week. The Toronto Composite (+198.06 +2.25% to 8995.50) was in line with NY, but the Toronto Venture Board (+24.98 +2.63%to 974.02) also rallied. In the US equity market, the big winners were the Industrials (XLI +5.4%), Consumer Disretionary (XLY +4.6%) and Basic Materials (XLB +4.0%). All ten sectors were winners, but the laggards on this day were Energy +0.9% and Financials (XLF +1.2%). Within the many industry groups, there were a broad section of technology groups that were on the leader board. Lagging a bit were the Goldminers ($XAU[More...]

Daily Report For Friday, Mar 13, 2009

Fri, 13 Mar 2009 15:55:00 GMT

(9:48am ET) Equity market prices lifted pretty much from start to finish of Thursday’s session. Retail Sales, Jobless Claims and Business Inventories and comments from Barney Frank and Tim Geithner played a role in the general bullishness. The latter made comments on the dangers of ending the mark-to-market rule and instead believe subtle changes could be made in an effort to improve it. Pfizer (PFE) made a big splash with the announcement its Phase III trial of Sutent was stopped early as the drug showed a significant benefit in patients with pancreatic cancer. At the close, the DJIA (+239.66 +3.46% to 7170.06), S&P 500 (+29.38% to 750.74) and NASDAQ (+54.46 +3.97% to 1426.10) were up sharply for the second day in the past three. The Toronto Composite (+271.25 +3.39% to 8282.27) and Venture Board (+19.52 +2.37% to 843.42) were almost as strong. The winning sector by a wide margin was[More...]

Silicon Valley Chip Companies May Face Drawn-Out Economic Recovery

Tue, 03 Nov 2009 16:53:00 GMT

Nov. 3--Despite upbeat pronouncements by Intel about its resurgent sales and evidence the economy finally is growing, the prospects for other chip companies and their thousands of Silicon Valley employees remain unsettlingly murky.
But others fear the sales upsurge in chips may be a mirage based on short-term changes in inventories maintained by computer makers, with a full-fledged, consumer-fueled recovery not likely to happen until after 2011 or even past 2013 for some chip sectors.
"The question is demand," said Michael Palma, a semiconductor specialist at the Framingham, Mass., market-research firm IDC.

[More...]

Silicon Valley Chip Companies May Face Drawn-Out Economic Recovery

Tue, 03 Nov 2009 00:50:00 GMT

Nov. 2--Despite upbeat pronouncements by Intel about its resurgent sales and evidence the economy finally is growing, the prospects for other chip companies and their thousands of Silicon Valley employees remain unsettlingly murky.
But others fear the sales upsurge in chips may be a mirage based on short-term changes in inventories maintained by computer makers, with a full-fledged, consumer-fueled recovery not likely to happen until after 2011 or even past 2013 for some chip sectors.
"The question is demand," said Michael Palma, a semiconductor specialist at the Framingham, Mass. market-research firm IDC.

[More...]

Silicon Valley Stocks: Dow, Nasdaq, Symantec, LSI Climb

Fri, 30 Oct 2009 16:50:00 GMT

Oct. 30--Silicon Valley tech stocks, the Dow and the Nasdaq were higher today after the government's better-than-expected report on economic growth cheered investors on Wall Street.
Apple, Google, Cisco Systems, Hewlett-Packard, Intel, Oracle, Gilead Sciences, eBay, Yahoo, Adobe Systems and most Silicon Valley tech stocks were higher.
The blue chip Dow Jones industrial average, which includes Cisco, HP and Intel, climbed 199.89, or 2.05 percent, to 9,962.58.

[More...]

LSI and Accton Introduce New Broadband Access Platform

Thu, 15 Oct 2009 15:54:00 GMT

LSI Corporation and Accton Technology have announced the availability of a new hardware and software platform that delivers Internet Protocol Television and next-generation, media applications over broadband access networks.
Based on LSI Advanced PayloadPlus multicore communications processors and broadband access software, Accton's production-ready remote DSLAM solution enables OEMs to build products that service providers need to deploy triple-play services including voice, data and Internet Protocol Television (IPTV), along with online gaming and business applications.
LSI and Accton have previously collaborated on the development of highly integrated networking solutions.

[More...]

Silicon Valley Stocks: Nasdaq Rises, but Yahoo Shares Sink 4 Percent

Fri, 09 Oct 2009 21:51:00 GMT

Oct. 9--Silicon Valley's largest stocks were mostly up today, and a gain by tech giant IBM helped push the Dow Jones industrial average to its highest close so far this year.
Yahoo dropped 71 cents, or 4 percent, to $16.78 after Carl Icahn, who owns a stake in the Sunnyvale Internet company and is a member of its board of directors, offered mix comments about its prospects in an interview with CNBC.
"It cannot compete with a giant like Google and a giant like Microsoft," Icahn said, according to the business-news cable channel's Web site.

[More...]

LSI Announces New Version of Broadband Access Software

Mon, 07 Sep 2009 18:52:00 GMT

LSI Corporation has announced the LSI Broadband Access Software Release 8.1 for the family of LSI APP communications processors.
LSI has said that the new software supports the IPv6 protocol, including enhanced security and quality of service management capabilities that are crucial to the delivery of services over IPv6, in addition to supporting IPv4 video, voice and data services.
LSI Broadband Access 8.1 enables tiered services in IPv6 networks by providing network managers with service-aware management tools such as subscriber flow isolation and priority modification.

[More...]

NetApp's Georgens, Warmenhoven See Bright Future

Sat, 22 Aug 2009 17:52:00 GMT

Aug. 22--With the worst months of the recession over, and a new era of tech competition ahead, longtime NetApp CEO Dan Warmenhoven says the time was right to hand over control of the Sunnyvale data storage company to new chief executive Tom Georgens this week.
"Now it's a matter of climbing our way back up the hill."
The company's strategy for that climb includes taking advantage of new trends in server virtualization and cloud computing, added Georgens, a storage industry veteran who was NetApp's chief operating officer before being named CEO on Wednesday.

[More...]

NetApp's Georgens, Warmenhoven See Bright Future

Sat, 22 Aug 2009 00:49:00 GMT

Aug. 21--With the worst months of the recession behind them, and a new era of tech competition ahead, longtime NetApp CEO Dan Warmenhoven says the time was right to hand over control of the Sunnyvale data storage company to new chief executive Tom Georgens this week.
"Now it's a matter of climbing our way back up the hill."
The company's strategy for that climb includes taking advantage of new trends in server virtualization and cloud computing, added Georgens, a storage industry veteran who was NetApp's chief operating officer before being named CEO on Wednesday.

[More...]

NetApp Gets New CEO

Thu, 20 Aug 2009 13:48:00 GMT

Aug. 20--NetApp named a new CEO on Wednesday, promoting company President Tom Georgens to succeed Dan Warmenhoven, who has been chief executive of the Sunnyvale data storage company since its startup days 15 years ago.
The announcement came as NetApp reported that its profit for the latest quarter rose 48 percent, while revenue fell 4 percent, compared with the same period a year ago.
Though it stumbled a bit as the recession hit Silicon Valley last winter, the company has been viewed as a rising star in the growing market for data storage hardware and software.

[More...]

NetApp Gets New CEO

Thu, 20 Aug 2009 00:46:00 GMT

Aug. 19--NetApp named a new CEO on Wednesday, promoting company president Tom Georgens to succeed Dan Warmenhoven, who has been chief executive of the Sunnyvale data storage company since its start-up days 15 years ago.
The announcement came as NetApp reported that its profit for the last quarter rose 48 percent, while revenue fell 4 percent, compared with the same period a year ago.
NetApp said it earned $52 million, or 15 cents a share, on sales of $838 million in the quarter ending July 31.

[More...]

The Hecker Law Group Secures Win for Tower and Jazz in ITC Lawsuit: LSI Patent Claims Held Invalid

Wed, 23 Sep 2009 20:49:00 GMT

The Hecker Law Group, PLC has secured a victory for Israel based Tower Semiconductor, Ltd. ("Tower") and Newport Beach, California based Jazz Semiconductor, Inc. ("Jazz") in a patent infringement case that was brought before the U.S. International Trade Commission ("ITC") against 23 manufacturers and importers of integrated circuit devices.
On September 21, 2009, the ITC issued its Initial Determination finding that the patent owned by merged business partners LSI Corporation and Agere Systems Inc. ("LSI") is invalid.
The ITC action, called an Investigation, began on May 21, 2008 after LSI filed an ITC complaint alleging patent infringement of United States Patent No.

[More...]

LSI Ranked No. 1 in Worldwide Host Bus RAID Controller Unit Shipments for Second Consecutive Year

Wed, 26 Aug 2009 11:56:00 GMT

LSI Corporation today announced that Gartner, Inc. ranked LSI as the worldwide leader in host bus RAID controller unit shipments for 2008. According to the latest market data released by the firm, LSI maintained its No. 1 position for the second consecutive year with 31.4 percent unit share.[More...]

LSI Introduces Affordable, High-Performance Storage System for Midrange Customers

Tue, 25 Aug 2009 11:56:00 GMT

LSI Corporation today introduced the LSI Engenio 4900 storage system, a next-generation midrange disk storage system designed to deliver optimized performance, dynamic flexibility and advanced functionality at an affordable price. With 8Gb/s Fibre Channel and 1Gb/s iSCSI host interfaces, the system's multi-protocol connectivity and modular architecture help lower acquisition and operational costs while addressing the requirements of server and storage consolidation.[More...]

Brocade Reports Q3 FY 2009 Results

Thu, 20 Aug 2009 20:48:00 GMT

(NASDAQ:BRCD) today reported financial results for its third fiscal quarter, which ended August 1, 2009.
Brocade reported Q3 revenues of $493.3 million, reflecting 35 percent year-over-year growth.
Commenting on Brocade's third quarter financial results, Michael Klayko, Brocade CEO, said:

[More...]

LSI Wins Kansas Pollution Prevention Award

Wed, 19 Aug 2009 11:56:00 GMT

LSI Corporation today announced it has received the 2009 Kansas Pollution Prevention Award in the Recycling category from the Kansas Department of Health and Environment . In 2008, the company's electronic scrap recycling program reduced the amount of solid waste sent to Kansas landfills by more than 45 tons.[More...]

LSI Invests in Global Education With 2009 Backpack Program

Mon, 17 Aug 2009 11:57:00 GMT

LSI Corporation today announced that it has begun to provide backpacks and school supplies to approximately 12,000 underprivileged students around the world as part of a continuing company program to improve K-12 education in communities where its employees live and work.[More...]

OptionEase Names Kevin J. Liebl Executive VP of Operations

Wed, 12 Aug 2009 07:47:00 GMT

Inc., a leader in on-demand Software as a Service (SaaS) applications for fair market value accounting and compliance, today announced that Kevin J. Liebl, former director of corporate marketing for LSI Corporation, has joined the company as executive vice president of operations.
Mr. Liebl has over 20 years of executive experience in marketing, business development, sales, strategic planning, capital formation, mergers/acquisitions, public relations, analyst relations and investor relations.
Before joining StoreAge, Liebl was the president and CEO for Nextier Solutions Corporation, a supply-chain management SaaS company offering solutions to the paper, printing and publishing industry.

[More...]

LSI Next-Generation Preamplifier IC Delivers Best-in-Class Performance for Hard Disk Drives

Wed, 05 Aug 2009 11:56:00 GMT

LSI Corporation today announced the TrueStore) PA2900, a next-generation preamplifier integrated circuit delivering best-in-class performance for hard disk drives . The PA2900 is also one of the industry's first universal preamplifiers, providing the versatility to serve the notebook, desktop and enterprise HDD market segments.[More...]

Huawei Integrates LSI SP2600 StarPro Media Processors Into Next-Generation Networking Products

Mon, 03 Aug 2009 11:56:00 GMT

LSI Corporation today announced that LSI StarPro 2600 multicore media processors have been integrated into next-generation wireless and wireline infrastructure products built by Huawei Technologies, Ltd., the largest networking and telecommunications equipment supplier in China. It is anticipated that LSI will supply a broad line of StarPro media gateway technology to Huawei for use in their universal wireless and wireline product lines.[More...]

LSI Reports Second Quarter 2009 Results

Wed, 29 Jul 2009 19:56:00 GMT

LSI Corporation today reported results for its second quarter ended July 5, 2009.[More...]