He was on last night. Surprise, he was bullish on tech. -g-
Pfizer Second-Quarter Profit Rises 31% on Lipitor, Celebrex, Viagra Sales
Pfizer Inc.'s second-quarter profit rose 31 percent as the No. 1 drugmaker sold more of its Lipitor cholesterol reducer and Viagra impotence pill and helped Pharmacia Corp. market the painkiller Celebrex. More...
quote.bloomberg.com
Wells Fargo Posts Loss in Second-Quarter After $1.16 Billion in Charges
Wells Fargo & Co., the fourth-largest U.S. bank, reported a second-quarter loss after taking $1.16 billion of charges, mainly tied to investment losses in technology and telecommunications. More...
quote.bloomberg.com
Industrial Production in U.S. Probably Fell in June for 9th Straight Month
U.S. industrial production probably fell in June for a ninth straight month as businesses worked off excess stockpiles, analysts said in advance of a government report today. More...
quote.bloomberg.com
07:28 ET Intel (INTC) 29.13: -- Update -- ABN AMRO downgrades to REDUCE from Hold as firm sees downside risk in the stock to below $20; expects INTC to either miss Q2 consensus when it reports this afternoon, or borrow heavily from Q3 to make the number, which would set-up Q3 to be very disappointing. Firm thinks consensus will have to come down; lowering its 2001 est. to $0.42 from $0.56 (mean $0.53) and 2002 to $0.60 from $1.00 (mean $0.76).
07:53 ET Biogen (BGEN) 49.45: Reports Q2 net of $0.47 a share, a penny above consensus. Forecasts Q3 earnings of $0.42-$0.44 (consensus $0.48). Sees $1.90-$1.92 for the full yr (consensus $1.90).08:11 ET Biogen (BGEN) 49.45: -- Update -- Earnings conference call begins at 8:30 ET. The dial-in number is 877-282-0743.
This may be what was hurting SFA as AOL is one of SFA's biggest customers....
07:49 ET TiVo (TIVO) 7.19: AOL Time Warner and Samsung Electronics announce strategic marketing and technology development alliance, under which the companies will collaborate on a next generation AOLTV set-top box featuring functionality from the TiVo service.
I left KO and EK off my earlier earnings report list also.
Phillips electronics, Europes largest electronics and tech company just reported a loss and announced 4000 layoffs. Looks like the FUD is spreading.
Off to work, good luck,
Lee |
