Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (40165)	9/2/2003 12:17:43 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69249

10:54AM Globecomm shares rally on receipt of 2 contracts (GCOM) by Michael Baron NEW YORK (CBS.MW) -- Globecomm Systems' (GCOM) shares rose more than 6 percent to $4.35 after the Hauppage, N.Y., firm received two satellite infrastructure contracts worth a total of $4.7 million. The contracts came from repeat customers. 10:48AM Emerson Radio gains after announcing stock buyback plan (MSN) by Tomi Kilgore NEW YORK (CBS.MW) -- Emerson Radio (MSN) announced a plan to buy back up to 2 million shares of its common stock, or 7 percent of the shares outstanding. The stock was up 14 cents, or 4.2 percent, at $3.47. "Our board of directors believes that the recent trading price of our common stock does not adequately reflect the company's intrinsic value and, according, offers an excellent opportunity to increase stockholder value through reduced share dilution stemming from this buyback," said the TV maker's chief financial officer, Kenneth Corby. 10:43AM Software sector tracker reaches 15 1/2-month high (SWH, MSFT, SAP, CA, ORCL) by Tomi Kilgore NEW YORK (CBS.MW) -- The Merrill Lynch Software Holdrs (SWH) rose 39 cents, or 1.2 percent, to $34.14 and reached a 15 1/2-month high of $34.34 after Goldman Sachs raised its rating on the U.S. software sector to "attractive" from "neutral." Among the sector tracking stock's most-heavily weighted components, Microsoft (MSFT) rose 19 cents to $26.71, SAP (SAP) surged 75 cents to $30.69, Computer Associates (CA) ticked up 2 cents to $25.65 and Oracle (ORCL) gained 28 cents to $13.11. Merrill had upgraded the sector due to evidence of improving conditions in the U.S. and indications that conditions in Europe had bottomed. The SWH has gained 27 percent since the end of 2002, and 45 percent over the past 12 months. 10:36AM Pru upgrade takes Wells Fargo higher by Julie Rannazzisi NEW YORK (CBS.MW) -- Wells Fargo (WFC) tacked on 1.3 percent to $50.77 after Prudential upped the bank to a "buy" from a "hold," citing valuation and the company's "superior franchise" as reasons for the move. Pru also said it's now comfortable following talks with Wells Fargo's CFO that a likely big decline in mortgage originations will not significantly hurt the firm's earnings.