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Overstock.com (OSTK) this afternoon said it received a letter from Nasdaq yesterday indicating that OSTK violated Nasdaq’s listing rules when it filed a 10-Q for the September quarter that was not reviewed by an auditor. As reported earlier this week , Overstock fired its auditor Grant ...
Other
Moody’s today downgraded its corporate family rating on Sprint Nextel (S) to Ba2 from Ba1 “because the company’s ability to stem the deterioration of its earnings is taking longer than originally anticipated.” As a result, Moody’s added, “the company’s ...
Mobile
Sprint
Verizon
Tesla: Driving toward an IPO?
Tesla Motors , the Valley-based maker of electric sports cars, plans to go public soon, according to Reuters , which cites “two people familiar with the situation.” The story said an IPO filing is expected any day. The company declined to ...
Other
Technology Partners
Draper Fisher Jurvetson
Larry Page
Something very peculiar is going on with a small-cap storage products company called Netlist Inc. (NLST) .
A 100-person memory products company based in Irvine, California, Netlist had been bumping along in low-price, low-trading-volume obscurity until late October. Consider this ...
Other
Standard & Poor’s equity analyst Jim Yin today cut his rating on EDA software provider Synopsys (SNPS) from Sell from Hold, trimming his price target by a buck to $21.
“Although the economy is improving, we think the recovery will be gradual,” he writes. “We are ...
Other
FTN Capital analyst Blaine Carroll today cut his rating on Research In Motion (RIMM) to Neutral from Buy, citing evidence that the company is losing market share in the U.S. smart phone market.
Carroll’s downgrade is in connection with his latest monthly survey of the U.S. smart phone ...
Mobile
Verizon
MetroPCS (PCS) should buy Leap Wireless (LEAP ) in a stock swap, Pali Research analyst Walter Piecyk proposed in a research note today.
Piecyk even proposes terms: he thinks MetroPCS should issue 3 of its shares for each LEAP share.
“We believe that Leap and MetroPCS should merge ...
Hardware
PC
Dell (DELL) shares have dropped 10% after yesterday’s highly disappointing earnings report for the fiscal third quarter ended October. As I noted yesterday, the company missed on both the revenue and EPS lines, posting results that suggest the company is continuing to lose ...
Hardware
PC
Deutsche Telekom (DT) is looking for a partner for T-Mobile , its U.S. wireless unit, according to a story in the German newspaper Handelsblatt which was picked up by Reuters . The piece says the company wants the partner to help finance a multi-billion-dollar build-out of a new 4G network, ...
Mobile
T-Mobile
PC
Sprint
Archipelago Learning (ARCL) shares are trading higher after the K-12 online education provider this morning went public at $16.50 a share , towards the high end of the price talk range of $15-$17, with an offering of 6.25 million shares. The company is selling half of the shares, with the rest ...
Other
RealNetworks (RNWK) this morning disclosed in an 8-K filing with the SEC that it is in talks with Viacom ’s (VIA) MTV Networks unit on the possible restructuring of their jointly owned Rhapsody America music service. The company said the talks are focused on the two companies’ ...
Hardware
MTV
VIA
Apple
European Union regulators today extended the deadline for their review of the pending $7 billion acquisition by Oracle (ORCL) of Sun Microsystems (JAVA) , Reuters reports .
Oracle requested the extension in order to complete its response to the EU’s concerns, which center on ...
Hardware
Sun Microsystems
Ye gads, what happened to TheStreet.com (TSCM) ?
Earlier this week, the company announced that Nasdaq has granted the company a 180-day exception - until February 8, 2010 - to get back into compliance with listing requirements. In particular, the company has yet to file financial ...
Other
Nokia (NOK) this morning said it plans to cut 330 research and development jobs, about 2% of its global R&D staff. The cuts include up to 230 employees in Oulu, Finland, and about 100 in Copenhagen, Denmark. The company said it has over 17,000 R&D staff overall.
NOK today is down 36 ...
Mobile
Nokia
Steve Jobs
Aruba Networks (ARUN) shares are trading sharply lower this morning despite solid results for the fiscal first quarter ended October. As I noted yesterday, the provider of enterprise-class WiFi gear posted revenue for the quarter of $57.5 million, up 10% from a year ago, and a bit ahead of the ...
Other
F5 Networks (FFIV) shares are coming under selling pressure this morning after Auriga USA analyst Tony Carbone cut his rating on the stock to Hold from Buy.
Carbone notes that the stock is up 17% since reporting “stellar” FY Q4 results on October 21, and advises that the time has ...
Other
Citigroup analyst Jason Bazinet this morning upped his rating on Liberty Interactive (LINTA) to Buy from Hold, with a new target of $13.25, up from $12. At the root of the call: a more bullish view on better performance at the cable and Web home shopping channel QVC .
“Despite a ...
Other
Verigy (VRGY) shares are up sharply after the semiconductor test company posted Q4 results for its fiscal fourth quarter ended October 31.
For the quarter, Verigy posted revenue of $97 million, up 11% sequentially, and slightly better than the $96.4 million the Street had expected. A ...
Other
Chordiant Software (CHRD) reported worse-than-expected results for its fiscal fourth quarter ended September 30 . Revenue was $15.2 million, down from $28.4 million a year, and below the Street at $17.9 million. A non-GAAP loss of 7 cents a share was worse than the Street consensus estimate ...
Other
Aruba Networks (ARUN) this afternoon posted revenue for its fiscal first quarter ended October 31 of $57.6 million, up 10% from a year ago, and a bit ahead of the Street at $56 million. Non-GAAP EPS of 4 cents a share was in line with Street estimates.
In late trading, ARUN is down 43 cents, ...
