Sun Microsystems: Burnout or Takeover Target? - Seeking Alpha::
Spotlight on Open Source: Citrix Systems, Red Hat Making Sense of VMware Options Volume Wall Street Breakfast: Must-Know News Buyout Not the Best
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Research in Motion and Red Hat posted quarterly results late Wednesday that surpassed Wall Street expectations.
RIM showed little effect from its patent battle with NTP, reporting earnings of 71 cents a share on a 53% jump in sales, handily beating estimates, and the company raised February quarter guidance too. RIM added 645,000 subscribers in the quarter, for a total of 4.3 million, but the company lowered its current quarter subscriber guidance by 50,000 to 700,000 to 750,000. Archive News & Video for Wednesday, 25 Jun, 2008 | Reuters.com::
Wall Street Media Presents a Video of Rich Gordon of Wachovia Securities (NYSE: Red Hat first-quarter net earnings up slightly 04:18 PM EDT
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"Although our litigation has certainly been pulled into the spotlight recently, we remain intensely focused on serving our customers and partners and maintaining our longstanding culture of innovation," RIM CEO Jim Balsillie said in a statement. Oracles Linux failure could hurt Redhat and Novell - BloggingStocks::
Earnings highlights: RIM, Oracle, KB Home, Nike, Kroger, Linux sales are catching up to those of Red Hat. Wall Street ends higher,
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Isegoria::
Rules to Keep Your Skin in a Wall Street Massacre Theyre more like a red flag during a Formula One race: The cars coast gently
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The company said on a conference call that it continues to work on a workaround and a settlement with NTP to avoid a shutdown of its U.S. operations.
RIMM shares rose 5% after hours.
Red Hat saw its shares rise 4%, on top of a 3% gain during the day, after the company beat earnings and sales estimates on a 54% jump in subscription revenue. Micron, meanwhile, slipped 2% despite beating earnings and sales estimates. Tibco rose 7% after topping forecasts. Open Sources | Rodrigues & Urlocker | April 2007 | InfoWorld::
Walter was a rock star at Novell. Have you noticed Red Hats shift in marketing? The Wall Street Journal has a great article (and scary, too) on the
http://weblog.infoworld.com/openresource/archives/2007/04/index.htmlHOME |
Stocks rose during the day, fueled by a couple of high-profile technology mergers.
The Nasdaq rose 9 to 2231, the S&P 500 added 3 to 1262, and the Dow climbed 28 to 10,833. Volume rose to 2.09 billion shares on the NYSE, but declined to 1.68 billion on the Nasdaq. Advancers led 20-12 on the NYSE, and 18-11 on the Nasdaq. Upside volume was 66% on the NYSE, and 62% on the Nasdaq. New highs-new lows were 99-104 on the NYSE, and 81-55 on the Nasdaq.
Seagate's acquisition of Maxtor lit a fire under the disk drive sector.
Micromuse soared on a buyout offer from IBM.
Jabil and Palm jumped on their results.
 Green Light For Siebel-Oracle Merger
 Sprint Nextel's Affiliate Purchase is $6.5B |
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