Search results for Kim Peterson
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Posted
May 30 2008, 09:59 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Broadcom shares have jumped more than 6% today to $28.85, and it's all because of Apple's iPhone. Broadcom, a chipmaker, is rumored to be the company supplying the global positioning system in the new 3G iPhone expected out next month. If that's the case, expect a bright future for Broadcom, a company which hasn't had the best year. Regulators recently accused the company's co-founders of falsifying income, and have charged two other executives in the case. Some of them may face criminal charges. Broadcom reported $3.78 billion in sales last year and a $213.3 million profit.
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Posted
Jun 04 2008, 10:52 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
A new round of technology investments has been announced by Intel Capital, the chipmaker's investment arm. Since it's always good to spy on where others are putting their money, I thought I'd list the eight investments, which total more than $60 million. Intel shares, by the way, are up nearly 3% today to $23.55.
Looks like the company is especially interested in online retailing, video content and distribution and social networking. Big surprise. Intel's track record isn't bad, though. It has invested in 1,000 companies since 1991. Of those, 168 have gone public and 212 were acquired or merged. On to the latest companies:
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Posted
Oct 07 2008, 10:23 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Steve Wozniak, who co-founded Apple with now-CEO Steve Jobs, says that analysts were correct in downgrading the company last week. The downgrades caused Apple to plummet to a 52-week low, and wiped out millions of dollars from the company's market value. (Apple is down 5% today to $92.87).
It's extraordinary that a company founder would agree publicly with the downgrades, although Wozniak has been gone from Apple for decades. He goes a step further, saying in an interview with the Telegraph that the entire computer industry should have a "bit of a slowdown." New Web and social networking companies are overvalued, he said, which may lead to a minor version of the dot-com crash that hit the markets earlier this decade.
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Posted
Feb 02 2009, 09:08 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Yahoo (YHOO) is losing ground to Google (GOOG) in an area it once owned: Display advertising on Web sites. Google is now perceived to be Yahoo's equal in many areas of this lucrative field, according to a survey by Advertising Age. Google also is king of the small, text-based ads that run alongside Web searches. In a the survey, taken last November, advertisers rated Google 43% better than the average media company when it came to getting results from their ad campaigns. But Yahoo was only rated 29% better. Another cringeworthy result for Yahoo is that advertisers saw no
difference between running a display ad on Google and one on Yahoo.
Google was considered better than Yahoo in customer service.
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Posted
Feb 03 2009, 01:00 PM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
"Wall-E" just doesn't compare to "Ratatouille" when it comes to video sales.
Walt Disney (DIS) had a disappointing holiday quarter, reporting Tuesday that its net profit fell by a third. At 45 cents per share, profit was below the 52 cents that analysts were expecting. The company also missed on revenue, reporting $9.6 billion when the Street had been looking for $10.1 billion.
One culprit is Disney studio revenue, which dropped by 26% from the year before. DVD releases from a year ago were simply stronger, and included hits like "Ratatouille" and the last "Pirates of the Caribbean" movie. All that Disney had going for it last quarter were "Wall-E" and "The Chronicles of Narnia: Prince Caspian."
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Posted
Mar 05 2009, 10:21 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
 You really have to feel badly for Greenbrier (GBX), whose shares are down 33% Thursday after devastating news that General Electric (GE) might pull its business.
See, Greenbrier's been working for 15 months on a huge contract with GE's railcar division (yes, GE leases railcars to companies). GE was going to buy nearly 12,000 new railcars from Greenbrier over the next eight years -- that's about 75% of Greenbrier's backlog. Deliveries of the railcars started in December, and Greenbrier must have been ecstatic at finally getting the first shipments out the door. But now, GE is imploding,
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Posted
Mar 10 2009, 10:11 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Shares of Schering-Plough (SGP) are up 4% Tuesday as investors smell opportunity. Merck (MRK) wants to buy the company for $41 billion, which some think is a little too low.
Perhaps a better bid could come in soon, say, from a certain Johnson & Johnson (JNJ)? Analysts at Credit Suisse think a bid can't be ruled out, although the possibility might only be in the 25% range. Johnson & Johnson isn't saying anything, but the company is closely watching the discussion because it makes the drug Remicade. Schering-Plough markets Remicade internationally, but loses that golden opportunity if it gets bought out.
Of course, Merck wants to keep the lucrative Remicade deal, so it's trying to dance around the rules by
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Posted
Mar 11 2009, 11:32 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
It was just two years ago that Steve Schwarzman threw a $3 million bash for his 60th birthday, featuring performances by Rod Stewart and Patti LaBelle, at a site a few blocks away from his own $30 million New York apartment. Times have changed. Schwarzman, chief executive of the Blackstone Group (BX), only received $350,000 in compensation in 2008 while his private-equity firm posted a $1.3 billion loss. His own stake has taken a hit as Blackstone shares fell from the $20 range last year to $6 today. So it's understandable if Schwarzman is a little dramatic about money these days. How else to explain his claim that 45% of the world's wealth has been destroyed? That seems extremely high, even with the global economy in its current state. Portfolio's Felix Salmon drills into the numbers and finds Schwarzman's claim to be overstated.
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Posted
Mar 18 2009, 10:48 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
 More people are giving up on their homes, choosing to stop paying the mortgage instead of scraping by and running up credit card debt to make ends meet.
The reason? It can take more than a year for a bank to seize a home if the owner stops paying the mortgage, Reuters reports. And while an owner's credit will take a hit, that's one year of saving money to start over. And most lenders won't sue borrowers for breaching a contract. Experts worry that as more people abandon their mortgages, the economy will suffer as home values continue to plummet. That will push more homes underwater, which could cause more people to walk away. And so on.
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Posted
Mar 19 2009, 11:31 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
 I love the cute little Flip digital video cameras, and had no doubt that the company behind them would be snapped up by someone. But Cisco Systems (CSCO)? And for $590 million?
It doesn't make a whole lot of sense, especially after chief executive John Chambers said last month that he has "no interest" in buying a consumer device company. Either Chambers was lying, or Cisco just did a major strategy turnaround. Cisco has been making small forays into consumer electronics (like its new digital stereo system), but always with the larger goal of capitalizing on networks and moving data quickly across them. The company owns the ubiquitous Linksys routers, after all. So why buy Pure Digital, whose main product is an ultracheap camcorder with no networking capabilities? The consensus opinion is that,
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