Auriga analyst Mark Bachman this morning argues that the recent run-up in shares of SunPower (SPWRA) — it is up some 17% in the last month — is “more than a little overdone.” He reiterated a Sell rating and an $11 price target.
The issue is cash flow. Bachman notes that [...]

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UBS Securities analyst Maynard Um today reiterates a view that RIM’s R&D expenses will have to increase in coming months, putting pressure on the company’s operating margin.
Referring to the recent fiscal Q3 report, which was better than expected, Um writes that, “Though RIM may find efficiencies in R&D spend & [...]

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Morgan Stanley’s tacticians this morning recommended going long on eBay (EBAY), as the recent fall-off in the shares has made the “near-term” valuation “more compelling.”
There’s been some hand-wringing by investors around the Durbin Amendment to the financial reform law, passed this summer, and what it’s changes to debit cards may [...]

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On a conference call with the Street this afternoon following its FY Q1 earnings report, ArcSight (ARST) CEO Tom Reilly declined to talk about the recent Wall Street Journal report which asserted that the security software company has put itself up for sale.
Here’s what he said:
Before reporting on our financial [...]

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You’d think it was Black Friday.
Investors are in a speculative shopping frenzy, trying to guess at the next potential tech M&A targets in both the storage and security sectors. On the security side, interest has been goosed by a combination of the recent Intel (INTC) deal to buy McAfee (MFE), [...]

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In a fairly unusual research note, Morgan Stanley analyst David Gober this morning launched coverage of Sirius XM (SIRI) with a designation of “Not Rated” and a target of $1, a penny below yesterday’s close.
“After completing the Sirius/ XM merger, a refinancing of its balance sheet, and weathering the recent [...]

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Barclays Capital analyst Douglas Anmuth this morning trimmed his EPS estimates for Google (GOOG) to reflect the impact of the weakening of the Euro against the dollar, as well as the recent decision to change distribution strategy for the Nexus One smart phone.
For 2010, Anmuth now sees profits of $27.67, [...]

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UBS analysts Brian Fitzgerald and Brian Pitz this afternoon cut their rating on Netflix (NFLX) to Sell from Neutral, asserting that the recent speculation that the company might be acquired by Amazon (AMZN) is “unfounded.” They keep their $90 target on the stock.
“Though we fundamentally like the company and its [...]

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Sprint Nextel (S) has a long waiting list of customers for the new HTC EVO 4G smart phone, which it unveiled to some fanfare at the recent CTIA trade show, the company told Reuters. Sprint will offer the service on the WiMax network run by Clearwire (CLWR), which is majority-owned [...]

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