Some of Thursday's midday movers:» Read More
Housing starts will drive direction today as stocks trend lower ahead of the open. The Fed starts its two-day meeting today, and is largely expected to make no move on rates when it winds up the meeting tomorrow afternoon.
Palm could be sold for at least $20 per share this week and at least four bidders are interested, including private equity firm Texas Pacific Group, according to unnamed sources cited by technology news Web site Unstrung.com.
Nokia, the world's largest maker of mobile phones, said Monday that it filed complaints against wireless technology company Qualcomm in Germany and the Netherlands.
Will they or won't they? The net is rife with speculation now that Google plans to enter the wireless business with a free, advertising-supported cell phone that the company would sell, using wi-fi AND cell technology. Not just with new apps, but with the actual hardware.
Qualcomm raised its forecast for fiscal second-quarter earnings and revenue on Tuesday, citing stronger-than-expected worldwide demand for products based on its CDMA mobile phone technology.
Mind-controlled games could be the next trend for the $13.5 billion video game industry, if Emotiv Systems’ new interactive technology takes off.
The two big stories grabbing headlines in the handheld arena focus on Research in Motion and Palm, and for two decidedly different reasons...
Treo smartphone maker Palm could bring a buyer a decade's worth of digital assistant design and mobile phone know-how, but at a hefty price for a company no longer viewed as cutting edge.
Stocks closed sharply lower on Friday, sparked by a wave of last-minute selling by investors reluctant to be in the market over the weekend.."There was just no good news that came out today to convince people to buy stocks," said Charles Rotblut, senior market analyst at Zacks.com. "There are a lot of people happy with taking money off the table and waiting until Monday to see how it unfolds."
Shares of Palm rose 8.3% on Friday, again fueled by speculation that the maker of the Treo phone may be a takeover target.
Analysts said the deal would boost revenue at TI, which already sells Motorola chips for cheaper handsets but recently blamed its poor quarterly results on weak demand for more-costly phones that use multiple TI chips.
Stocks suffered their biggest pullback in two months as a disappointing bond auction and a lackluster report on sales of existing homes halted the market's two-day rally.
Handset maker Nokia reported fourth-quarter earnings ahead of market expectations Thursday, helped by strong demand for mobile phones in emerging markets.
Wall Street is undecided so far on where it will start the day though early earnings news and housing data could help set the tone. For now, eBay's strong profits and big stock move is a bright spot lifting the Nasdaq, which bounced higher on a tech rebound yesterday. The Dow, fresh off its 26th high since October, is flattish.
Qualcomm reported earnings of 43 cents a share, just above analysts' estimates, but results were mixed as quarterly sales came in at $2.02 billion, below forecasts.
Stocks in the U.S. for now look headed to open flat to lower-- after yesterday's rocky trading. Europe is moving lower and oil is getting a lift from cold weather. Some big companies will roll out earnings reports today, to a market that has become hypersensitive to corporate earnings growth. Bank America, Johnson & Johnson and DuPont all report today.
LG Electronics posted a 85% drop in its quarterly net profit Tuesday as anemic results in itsflat-screen operations outweighed a recovery in mobile phones.
Apple's iPhone is an interesting product, but its sales goal is not very high, Anssi Vanjoki, the head of the multimedia unit at Nokia was quoted as saying on Thursday.
Euphoria over the iPhone and its slick, sleek, slim design quickly gave way to sticker shock when Apple CEO Steve Jobs announced the pricetag: $499 for 4 gig model; $599 for the 8-gig. Let the pundit-parade begin: Too expensive, they clamored. Elitist, said others. But lets' look back: Remember that Apple was an expensive Johnny-come-lately to the world of digital music, and that was nearly 100 million iPods ago!
Apple shares are jumping higher this afternoon--up around 6.5% after the company unveiled it's new iPhone. “We’re gonna make some history today,” said Steve Jobs, the inconic head of Apple during his annual presentation at the MacWorld conference in San Francisco. “This is a day I’ve been looking forward to for two and a half years. Every once in a while, a revolutionary product comes along that changes everything.”