Early market rallies fueled by acquisition news in the technology sector
were reversed after oil prices touched record levels on Monday.
Before the bell, E*Trade announced that it will acquire
online brokerage operations of Harrisdirect from BMO Financial Group AOL Jumps on the Social Feed Bandwagon | Epicenter from Wired.com::
Colorado-based start-up, was rumored to have been bought by AOL earlier this month by TechCrunch, but on their E*Trade (1) E-Commerce (7) ebay (25)
http://blog.wired.com/business/2008/08/aol-jumps-on-th.htmlHOME |
TD Ameritrade - Wikipedia, the free encyclopedia::
Jump to: navigation, search. Please help improve this article or 1.1 Acquisition of TD Waterhouse USA. 2 Security breach and resulting spam flood. 3 Awards
http://en.wikipedia.org/wiki/TD_AmeritradeHOME |
for $700 million in cash.
Investors liked E*Trade's move to consolidate the online trading industry,
sending its shares up $1.24, or 8 percent, to $16.10.
Traders were also eyeing Cisco and Nokia after a weekend news report out of the United Kingdom said the network equipment giant was interested in buying the mobile handset and systems maker.
Nokia later refuted the story and the stocks ended the day nearly even with
Friday's close. Cisco shed 5 cents, or less than 1 percent, to $19.25; Nokia added 14 cents, or 1 percent, to $16.08.
E*Trade Covers Fraud Losses::
closed last month on its $1.6-billion acquisition of BrownCo, which added Shares Jump as Motorola Names co-CEO. TechSpin: Parsing the FCCs Comcast Decision
http://www.redherring.com/Home/15365HOME |
E*Trades board lifts stock in spree::
They spent $1.93 million to acquire almost 500,000 shares in total Tuesday, Oil prices tumble again on U.S. surprise supply jump. E*TRADE Financial Corporation
http://www.nydailynews.com/money/2008/01/31/2008-01-31_etrades_bolifts_stock_in_spree.htmlHOME |
Cisco will report results for its most recent quarter after the bell
Tuesday.
Read This Before Buying E*Trade - Seeking Alpha::
about the capital they planned to acquire later this year,i sense some kind and pockets as - we should not jump to the best performing equity over the
http://seekingalpha.com/article/65006-read-this-before-buying-e-trade?source=feedHOME |
Electronic Investor - Barrons.com::
A tailored fit for forex traders. big drop prompted some E*Trade customers to wonder whether they should jump ship. EMC May Be Prime Acquisition Target
http://online.barrons.com/article/SB119525672486396278.html?mod=googlenews_barronsHOME |
Other network equipment companies fared well after posting strong revenue
and earnings figures. Nortel, which has endured a shakeup in its management and increasing pressure from overseas rivals, jumped 33 cents, or 12 percent, to $2.96 in heavy trading.
And after the bell, Voice over IP equipment maker Sonus Networks posted better than expected earnings, setting the stage for a strong opening on Tuesday.
The Nasdaq lost 13.52 to 2164, the S&P was down 3.32 to to 1223, and the Dow
off 21.1 to 10,536. Volume was down to 922 million shares on the NYSE and 1 billion on the Nasdaq.
As for other notable tech stocks, Microsoft lost 63
cents, or 2 percent to 27.13 and IBM edged up 20 cents, or less than 1 percent, to 83.36.
Google was down a fraction and Yahoo
was up marginally.
 Cisco Meets the Street
 Wiretaps For VoIP
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