Cramer reiterates his stance on Big Pharma, and tells callers whether to buy or sell Gateway, Titanium Metals and more...
Despite what you’re hearing these days, tech isn’t going to bottom any time soon. Don’t get bamboozled by hopeful analysts – hope is not a part of the equation.
A judge dropped all charges against former Hewlett-Packard Chairwoman Patricia Dunn, who was accused of fraud in the boardroom spying scheme . Separately, HP investors voted down a proposal that would allow large shareholders to nominate their own candidates to the board of directors.
So that was embarassing. We get word that there's been a major development in the HP boardroom spy scandal case and that they want me in the chair to report it right away. The initial report, from our partners at the Wall Street Journal, and then later reported by the Associated Press and Reuters, said former chairwoman Patricia Dunn would plead guilty to a single misdemeanor in this case. Three other executives connected to it would also plead guilty to a misdemeanor charge and face community service. Dunn would escape community service because of her ongoing health issues and cancer treatment. That's essentially what I reported. But as it happens sometimes when a story breaks and events are fluid, it turned out not to be right. Meaning, I was wrong.
I often rave about the vast amounts of data at our disposal ... Today, people may have indeed characterized my behavior as “raving,” but the reason was quite different: the major averages were moving in such a volatile fashion that as soon as I generated a fact, it would become outdated almost instantly.
Cramer gives his take on Dell, Under Armour, Bausch & Lomb and more...
What many see as outrageous or obscene compensation for chief executive officers is back in the limelight after some high profile pay packages lately. The House Financial Services Committee Thursday holds a public hearing on the issue and the hue and cry about greed and abuse is bound to bounce off the walls of Congress. The contrarian view is that there is little or no direct link between pay and performance and coupling the two might be detrimental because CEOs would cut corners to boost their pay, eroding the company’s long-term prospects.
The bloodletting continued today as the Dow Jones Industrial Average plunged another 120 points. When all was said and done, the blue-chip meausure lost more than 4% on the week. The scary part is that no one is exactly sure why. In such an uncertain and potentially treacherous environment, what's your next move?
On a day when the Dow opened 200 points lower, turned positive, then turned down again, many investors are left perplexed. Major events almost always present an opportunity to make money, but how do you play this? What’s your move when markets go wild?.
Dell just released its numbers and talk about a mixed bag. On the surface, they look OK. The company reports 30 cents a share on $14.4 billion in revenue. But because of all the turmoil at the company, the Street is all over the map in terms of expectations. Thomson says analysts were looking for 29 cents on $14.89 billion. But Shaw Wu at American Technology Research was expecting 31 cents on $15 billion, and Eric Ross at Think Equity Partners anticpated 30 cents on $15.4 billion
Business software maker Oracle will buy Hyperion Solutions for $3.3 billion in cash, renewing a shopping spree aimed at toppling rival SAP.
Hey everyone. I know it's been an exceedingly long time since my last post, and I'm eager to get back into the swing of things with regular, daily, and hopefully a few times a day ruminations and breaking news about the newsy things happening here in the Silicon Valley.
Former Hewlett-Packard chairman Patricia Dunn and former HP board member Tom Perkins are engaged in a new war of words over last year’s leak scandal at the giant technology company, the Wall Street Journal reports.
The U.S. patent process takes an average 44 months -- a woefully slow rate for the rapidly evolving technology sector. That's just one of the challenges being tackled at the first-ever Technology Policy Summit in San Jose. CNBC's Silicon Valley Bureau Chief Jim Goldman reports.
Here's what Cramer thinks about Applied Materials, Prudential, Petrohawk Energy, Tronox and more.
Stocks closed mixed after the January consumer inflation report and higher commodity prices weighed on the broader market. "I think the stock market was more adversely affected than the long end of the interest rate market, but stocks have had such a nice run, I think people just used the Consumer Price Index as an excuse to take some money off of the table," Lou Brien, strategist at DRW Trading Group, told CNBC.com.
Excluding one-time items, profit for the company's fiscal first quarter rose to $1.826 billion, or 65 cents a share. Revenue rose 11% to $25.1 billion from $22.7 billion.
Inflation data and the Fed's meeting minutes could be two big drivers for the markets today. So far, stocks look weak-to-flat ahead of the opening after yesterday's late-day rise to yet another record level. Hewlett-Packard is trading lower in Europe after reporting earnings after the bell yesterday. Wall Street is apparently unhappy with its outlook, after its report of a 26% rise in profits on strong printer and PC sales.
Stocks are waffling on the opening and look set to open flat to lower. Traders are picking through headlines on mergers and earnings news, including weaker-than-expected results from Home Depot. Wal-Mart also reported profits this morning, and merger news is making headlines as Wall Street reviews the long awaited marriage of Sirius and XM Satellite radio, announced yesterday.
Driven by soothing words from the Fed Chairman and the market's own mania for deals, stocks closed out last week on a high note. This week, traders will be ready to pounce on any news that will reinforce the view that the Fed might cut rates this year after all.