Greenlight Capital, David Einhorn's hedge fund firm, gained 7.9 percent in the second quarter, according to a letter sent to investors Friday.» Read More
Stocks are barely changed ahead of the opening and are likely to trade with some trepidation ahead of a three day holiday weekend. Tomorrow's jobs report is a big point of interest, but stock traders will be home watching their bond market brethren trade the number on a special jobs Friday edition of Squawk Box.
Micron Technology said on Wednesday that prices for memory chips have stabilized in recent days and expects strong demand for the rest of 2007. "Prices steadily declined since January into and through the first month of fiscal Q3. In the past several days, we have seen both DRAM and NAND prices stabilize," Mike Sadler, Micron's vice president of sales, said during a conference call.
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.
In a matter of seconds, Cramer lambastes three callers' stocks. Sometimes the truth hurts.
Stocks closed lower on Monday afternoon as investors took profits in financials, technology and energy, sectors that had been market leaders. The S&P 500, the Nasdaq, and the Dow Jones Industrial Average all closed just above their lows for the day.
Micron Technology forecast that prices for memory chips used in consumer electronics would be down 30% to 40% this quarter from the previous one.
Computer chip maker Micron Technology has settled a class-action lawsuit alleging it engaged in price fixing and violated antitrust laws, a move that is expected to reduce its 2007 first-quarter earnings by as much as $80 million.