Tag Archive | "weekend"

EMC: Street Applauds New Gear

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EMC (EMC) today unveiled a new line of lower-cost storage equipment, called the “VNX” line, meant to lure more buyers in the small and medium business market. My colleague Mark Veverka previewed the announcement in his “Plugged In” column over the weekend. EMC shares today are responding well, rising 23 [...]

Article courtesy of BARRONS.com: Tech Trader Daily

ASML: Caris Says Buy On Intel’s Largess; $50 Target

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The shot heard ’round the world — Intel’s (INTC) announcement it would hike capital expenditures this year by 75%, to $9 billion — continues to reverberate. Numerous notes out today with bullish things to say about chip equipment companies. (Note that I wrote positively in my weekend column about Applied [...]

Article courtesy of BARRONS.com: Tech Trader Daily

50 Cent Probably Didn’t Violate Any Securities Laws When Hyping A Penny Stock Via Twitter

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This is a relief.

Over the weekend, the popular rapper 50 Cent urged his 3.8 million Twitter followers to buy the stock of a microscopic company in Florida. The penny stock jumped 290 percent on Monday. The rapper, who owns 7.5 million shares and warrants for 22.5 million more in the company, had a paper profit that was briefly worth almost $5.2 million on paper. The company, H&H Imports, sounds like it might be related to the famed maker of New York bagels. No such luck. H&H is a Clearwater, Fla., company that distributes headphones favored by Curtis Jackson, the real name of rapper 50 Cent. It’s the parent company of TV Goods Inc., which markets its products through infomercials and the QVC channel, has virtually no revenue ($293,000 in its most recent quarter), and loses money. “HNHI is the stock symbol for TVG there launching 15 different products. they are no joke get in now,” went one promotional tweet [2] from the rapper.

So far, 50 Cent appears to have avoided violating laws against [pump and dumps] because he has not sold H&H stock.

What Do 50 Cent, Carmen Electra And Shaq Have In Common [ProPublica]



Article courtesy of Dealbreaker

Breaking The No Photo Rule At William Rast For Target Launch

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Over the weekend, Target along with Justin Timberlake and his partner Trace Ayala celebrated the launch of William Rast for Target Collection with a special private shopping party at The Factory Place.

Seeing that this party was held in no-man’s land better known in the grimy war[...]

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CNBC: Insider Trading Indicments Coming Next Week

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Arrests are ‘expected.’ But don’t let that ruin your weekend!



Article courtesy of Dealbreaker

This Morning: Netflix’s Advance, AOL’s Plans

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Some things you may or may not have seen this weekend:
Netflix (NFLX) is the subject of a profile in the “B” (Marketplace) section of today’s print Wall Street Journal, authored by Nick Wingfield and Sam Schechner.
TV and movie types are worried, the authors write, that Netflix could end up dominating [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Verizon: First Major LTE Build, Says Gleacher

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Regarding Verizon Communications’s (VZ) announcement earlier today it will go live with its faster 4Q wireless service this weekend, Gleacher & Co. analyst Mark McKechnie writes that Verizon’s is the first “large-scale” deployment of so-called Long Term Evolution, a wireless standard expected to lead to a grand unification of the [...]

Article courtesy of BARRONS.com: Tech Trader Daily

Ariba: Roth Says Buy, Network To Be 30% By 2012

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Shares of Ariba (ARBA) — which was the subject of a glowing New York Times profile over the weekend by Ashlee Vance — is up 6 cents at $19.43 this morning, though it was up almost 3% a little while ago, after Roth Capital Partners analyst Nathan Schneiderman this morning [...]

Article courtesy of BARRONS.com: Tech Trader Daily

How To Get People To A Sale: A Lesson From Hurley

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Go HERE for more photos by Kenneth Tsi and tag yourself and your friends!

This weekend, Hurley graced what Kris Jenner once told her 1/4 Armenian grandson was “his homeland”, otherwise known as Glendale, for a holiday collection sale. Despite this less than ideal climate for shop[...]

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Want To Fornicate In Bernie Madoff’s Bed?

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Over the weekend, US Marshall’s held the second auction of Bernie and Ruth Madoff’s stuff. As previously mentioned, the wares up for grabs included monogrammed slippers, old towels, Berns’ belly button ring, bull figurines, some jewelry and used sheets. And speaking of sheets, the couple’s king sized bed went for $2,250, to former law associate Tally Wiener. Unfortunately, it was a bit of an impulse buy (“I don’t know what came over me,” she says) and she doesn’t actually have the space for such a huge piece, which is apparently bigger than her living room. She does, however, have a plan.

Wiener plans to seek out Ruth Madoff and offer her the bed, “if she wants it.”

In the likely event the bed is too painful a reminder of Lady Madoff’s old life and/or so many unmemorable nights, get in touch and make an offer.

Madoff’s Fans Bid Feverishly [Bloomberg via DI]



Article courtesy of Dealbreaker