More Economic News & Reports
Afterhours: EBay the world's largest online auction company, said Q1 profit climbed 52%.
Ebay's FREE VOip provider Skype doubled revenue to $78.5 M. The Nattering One muses, will Verizon sue Ebay next?
Failure is not an option...
Freddie Mac committed to buy as much as $20 billion in subprime mortgages, while Washington Mutual offered to refinance $2 billion in loans. FNM +1.5% & WM +5% for their generosity.
Generosity or necessity? You do the math....
the $6.5 trillion in (MBS) mortgage-backed securities comprise the world's biggest fixed-income market, exceeding the $4.3 trillion in U.S. Treasury securities and $5.4 trillion in corporate debt.
Steely In-dians... India's Essar Global Ltd. bought Minnesota Steel just three days after Essar said it would buy Canada's Algoma Steel in a cash deal valued at roughly $1.6 billion.
Terms were not disclosed, call center operators are standing by...
We are stirring it up for our sleepy little pig in a poke... todays SOOHEY PIG PIG award goes to the brown shoed boyz on the Street for selling the herd SEMI's...
Intel reported a 18.6% Q1 profit surge on a 1% decline in sales. Gross margins eroded from 55.1% to 50.1.
The #1 US semiconductor company stated that there will be "a modest increase" to its inventories, which are around record levels and increased $52 M to $4.36 B since the end of 2006.
Falling sales, eroding margins, and an increase in inventory to record levels prompted Wall street analysts upgrades for Intel and the semiconductor sector!!!
INTC jumped 2% keeping the DJIA in the green and the SOXX 2.5% as clueless investors were herded into box cars for the slaughter...
Meanwhile...Railroad CSX +2.9% on falling profit margins and freight volumes...
ChipMOS a provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. reported a 3.3% sequential decrease in Q1 revenue...
IBM reported an 8% Q1 profit growth, lost in the subtext... a 7% decrease in semiconductor sales.
Next item to be filed under WTF (What The *uck!!) or OMG (Oh My God!):
Linear Technology (LLTC) a manufacturer of high performance linear integrated circuits, reported both revenue and net income declining 9% & 11% respectively.
Also, an increase in inventory of 10% sequentially; and 30% Yoy; negative sales growth -4.5% sequentially and -10% Yoy; along with lowered forward guidance
A smoke & mirrors $3 Billion stock buyback program funded by convertible notes was announced which will boost EPS...
Investors cheered the HORRIBLE results and buyback PONZI scheme as the stock went up 12.2%. WTF!! OMG!
The Nattering One ponders... was March 2000 really that long ago? or is everyone suffering from A.D.D. and or Alzheimers?
Ebay's FREE VOip provider Skype doubled revenue to $78.5 M. The Nattering One muses, will Verizon sue Ebay next?
Failure is not an option...
Freddie Mac committed to buy as much as $20 billion in subprime mortgages, while Washington Mutual offered to refinance $2 billion in loans. FNM +1.5% & WM +5% for their generosity.
Generosity or necessity? You do the math....
the $6.5 trillion in (MBS) mortgage-backed securities comprise the world's biggest fixed-income market, exceeding the $4.3 trillion in U.S. Treasury securities and $5.4 trillion in corporate debt.
Steely In-dians... India's Essar Global Ltd. bought Minnesota Steel just three days after Essar said it would buy Canada's Algoma Steel in a cash deal valued at roughly $1.6 billion.
Terms were not disclosed, call center operators are standing by...
We are stirring it up for our sleepy little pig in a poke... todays SOOHEY PIG PIG award goes to the brown shoed boyz on the Street for selling the herd SEMI's...
Intel reported a 18.6% Q1 profit surge on a 1% decline in sales. Gross margins eroded from 55.1% to 50.1.
The #1 US semiconductor company stated that there will be "a modest increase" to its inventories, which are around record levels and increased $52 M to $4.36 B since the end of 2006.
Falling sales, eroding margins, and an increase in inventory to record levels prompted Wall street analysts upgrades for Intel and the semiconductor sector!!!
INTC jumped 2% keeping the DJIA in the green and the SOXX 2.5% as clueless investors were herded into box cars for the slaughter...
Meanwhile...Railroad CSX +2.9% on falling profit margins and freight volumes...
ChipMOS a provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. reported a 3.3% sequential decrease in Q1 revenue...
IBM reported an 8% Q1 profit growth, lost in the subtext... a 7% decrease in semiconductor sales.
Next item to be filed under WTF (What The *uck!!) or OMG (Oh My God!):
Linear Technology (LLTC) a manufacturer of high performance linear integrated circuits, reported both revenue and net income declining 9% & 11% respectively.
Also, an increase in inventory of 10% sequentially; and 30% Yoy; negative sales growth -4.5% sequentially and -10% Yoy; along with lowered forward guidance
A smoke & mirrors $3 Billion stock buyback program funded by convertible notes was announced which will boost EPS...
Investors cheered the HORRIBLE results and buyback PONZI scheme as the stock went up 12.2%. WTF!! OMG!
The Nattering One ponders... was March 2000 really that long ago? or is everyone suffering from A.D.D. and or Alzheimers?
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