I don't believe these two items have been posted yet:
QCOM was downgraded today by A.G. Edwards from "Accumulate" to "Maintain". $130 must have been their target price. Don't know if it came out before or after the market closed, no details given: biz.yahoo.com
Briefing.com may have details, but I don't have a subscription.
Also, Irwin Jacobs was interviewed very briefly on Nightly Business Report this evening, during a segment about Iridium's problems. The reporter said that Iridium's woes are making investors more cautious about the prospects for Globalstar, which has plans to offer a similar service by the end of this year.
Dr. J. was asked how Iridium's problems and today's announcement about dropping their prices, might affect Globalstar. He responded by saying that Globalstar has a rather different business model, and a different handset and quality situation [from Iridium]. He then said that when the first person stumbles, everyone tends to pay attention, especially, to see if it is, in fact, a viable business.
GSTRF closed down just 3/8 today.
Regards,
Mark T. |
