Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ROCKETInfo: Faster than Google, Deeper than Yahoo, More Specific than a Speeding Bullet
By John Hurst
All of us are hip, on-line and Internet-savvy. But we don’t know the beast.
This is the core message of Bill Ganz, the president and CEO of next-step search engine ROCKETInfo Inc. (OTC:RKTI). It is a search technology company in the spirit of Google and Yahoo!, but with a new approach to the delivery of results, news and business information.
The growth potential for ROCKETInfo is remarkable: Just the business process management (BPM) aspect of this industry, including software, services and maintenance, will grow to $6.3 billion annually by 2011, according to a report by Forrester Research, an independent technology and market research company. Analysts project a growth rate for the BPM sector of up to 35 percent annually.
ROCKETInfo does two things very well for businesses of all kinds: It is provides search engine services and is a content server that delivers targeted and relevant content such as news and financial information. The software has been designed to automate the process of defining, collecting, analyzing and delivering relevant, current news from an international pool of reputable news, media and other sources.
The rest of the piece is here: http://www.resourcexinvestor.com/news.php?id=2414
Yahoo Execs Accused of Fraud: Will Semel Take the Fifth Today?
Tuesday June 12, 9:18 am ET
John Olagues submits: Yesterday I received an important legal document from a law firm called Lerach, Couglin, Stoia, Geller, Rudman & Robbins LLP. It is a notice of a lawsuit filed against Yahoo!, Semel et al and that I am a member of the class of people who were allegedly damaged by the actions of the accused.
Looking more closely, I see that this law firm is claiming that the accused were 1) Generating fraudulent revenue; 2) Making false, misleading and deceptive representations and were influencing people to buy the stock 3) And that Yahoo's advertising technology was operationally defective.
Law firms are not supposed to file lawsuits in Federal Court unless the lawyers have researched the law and the facts before filing the claim. So if the allegations are true, the alleged actions of Semel, Decker et al may cause them to worry about criminal prosecutions under the Securities and Exchange Act of 1934, the Sarbanes-Oxley bill and state fraud statutes.
Now why would Semel want to put out exaggerated earnings moving the stock higher? Why would he want the stock higher?
He wanted to sell. Did he sell after the great earnings announcement and the announcement of a stock split? Of course he did. He sold 2,000,000 shares at $55.25 the first day that he was allowed to sell stock after the earnings announcement.
He sold on Monday April 12, 2004 after being granted 2.9 million options to buy the stock at $41.70 (5 cents above the low closing price of the year 2004). The grant day was March 10, 2004.
He sold another 5,200,000 million shares during the period April 8, 2004-July 18, 2006.
If the allegations have merit, some attorneys would advise Semel to assert his Right under the Fifth Amendment to not incriminate himself. Will Semel respond to hard question or will he refuse to answer? We will find out today.
Sounds great, EB. Thanks!
Thanks, and I will EM you and let you know anything that I know. EB
Okay EB...am sending you a PM.
Yes I can read PM's,just not send them because my paid membership has expired. I do have the link to his website and he does not respond there either, or to personal email. Thank you
US STOCKS-Futures edge up on deal news; GDP ahead
Thu May 31, 2007 7:11 AM ET
By Caroline Valetkevitch
NEW YORK, May 31 (Reuters) - U.S. stock index futures edged higher on Thursday after Wachovia Corp. <WB.N> said it planned to buy brokerage A.G. Edwards Inc. <AGE.N>, but investors were cautious before key data on economic growth and inflation.
A revised government estimate of change in first-quarter U.S. gross domestic product is due at 8:30 a.m. (1230 GMT). After the initial 1.3 percent estimated rise, economists on average expect the annual growth rate to be even lower at 0.8 percent.
U.S. bank Wachovia and A.G. Edwards said they would merge to create a retail brokerage firm with $1.1 trillion in assets. The deal calls for the exchange of 0.9844 shares of Wachovia common stock and $35.80 in cash for each A.G. Edwards share.
"It's a fast-moving train, fueled by deals, among other things," said Andre Bakhos, president of Princeton Financial Group in Princeton, New Jersey. "Every time a deal takes place, more stock comes out of the market, and it's not being replaced. So there's more cash that has to be redeployed."
S&P 500 futures were up 0.70 point, just above fair value, a mathematical formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
Dow Jones industrial average futures gained 18 points, and Nasdaq 100 futures were up 1.75 points.
On Wednesday, the Standard & Poor's 500 closed at a record high, surpassing the previous record set seven years ago. The market's advance came after minutes from the Federal Reserve's latest meeting reassured investors about the economy's health. The index's gains have also come as a result of corporate takeovers and share buybacks.
The Standard & Poor's 500 Index jumped 0.80 percent to close at 1,530.23. The Dow Jones industrial average shot up 0.83 percent to a record close of 13,633.08, just off a lifetime intraday high of 13,636.09 set earlier in the session. The Nasdaq Composite Index ended up 0.80 percent, at 2,592.59.
The GDP data includes the core personal consumption expenditures prices index, or core PCE, an inflation measure monitored by the Fed. The revised data is not expected to show any change from the initially reported 2.2 percent increase year-over-year.
A report on Midwest business conditions from the National Association of Purchasing Management-Chicago is also expected on Thursday at 9:45 a.m. (1345 GMT). The consensus is that the Chicago PMI index rose to 54.0 in May from 52.9 in April.
Shares of Yahoo Inc. <YHOO.O> dropped 1 percent after the bell on Wednesday as the Internet media company announced that its chief technology officer had resigned.
EB, if I'm not mistaken you can read PM's, right?
I have a little bit of info that may help you but I'd rather not post it here.
Edit: Do you have a link to his website?
Yes, quite strange. He just disappeared. His membership has gone to "free". I emailed and called with no answer. We have unsettled business dealings. I hope all is ok with him. I know you wrote back and forth to him a lot. He has not replied to Matt's email either so far as I know. Let me know if you have any ideas Peggy. Thanks EB
I don't.
I've PM'd him but haven't heard a word, EB.
Sure wish he'd check in.
PP any AAPL thoughts now? See Computerworld news today?
Creamer says AAPL MUST RISE TO $2000
Does anyone know what has happened to PowerPole?
How bout shorting YAHOO right here?And can you put up 2 charts for me? PMTI and SAI
Have been adding YAHOO and EBAY on recent weakness.
Think both could be poised to run after recent hard times.
Sector Snap: Internet Search
Monday February 26, 1:31 pm ET
Yahoo Shares Climb on Positive Reports on Project Panama, Google Slips
NEW YORK (AP) -- Shares of Internet search providers were trading mixed Monday, with Yahoo Inc. up slightly following positive early reports of its new search advertising system, known as Project Panama.
ComScore Networks, in a sampling of 1 million U.S. Internet users, found that Yahoo saw a "noticeable lift in its sponsored click-through rate" in the two weeks after the launch of the new system.
Click-through rate refers to the number of total clicks on sponsored search ads, divided by total searches. Yahoo saw a 5 percent increase in its click-through rates in the week ending Feb. 11, and a 9 percent jump in the week ending Feb. 18, according to comScore.
Panama is an upgrade to Yahoo's search engine, designed to boost ad sales. It matches advertisements to search queries, helping the company earn more money by charging each time a user clicks an ad.
"We continue to believe that Panama amounts to the biggest single catalyst in the Net sector -- as search accounts for approximately 50 percent of Yahoo's net revenue and 60 percent of its profits," wrote Citigroup analyst Mark S. Mahaney in a note to investors, reiterating a "Buy" rating on Yahoo. Overall search marketing trends, he noted, "appear very healthy."
Shares of the Sunnyvale, Calif., company rose 16 cents to $31.94 in afternoon trading on the Nasdaq Stock Market. The stock is up nearly 27 percent since the beginning of the year.
Search leader Google Inc., meanwhile saw its shares fall $6.07 to $464.55 on the Nasdaq.
Shares of Microsoft Corp., which offers search on its MSN and Live sites, were up 2 cents at $28.92 on the Nasdaq.
Shares of Chinese search provider Baidu.com Inc. declined 22 cents to $110.19 on the Nasdaq.
OT CAT, we just hit the target
and got a gap-fill (from Oct. 06) , SELL and take the PROFITS!
OT Re. Caterpillar Inc.
Did any of you guys buy some CAT ? When I initially posted around Jan 23rd. we were below 60$. ( http://www.investorshub.com/boards/read_msg.asp?message_id=16435195 )
Now we are 10%+ ($66.16) and still going strong. I suggest raising the stop towards $62.02 and the target still $69.15, so almost 3$ to go....
Good trading to you all.
Yahoo runs mobile phone advertising in 18 nations
Mon Feb 12, 2007 8:02AM EST
By Eric Auchard
SAN FRANCISCO (Reuters) - Yahoo Inc. said on Sunday it has signed up top corporate advertisers to use its advertising system to run brand ads on mobile phones in 18 countries, marking a major diversification beyond computers.
The Internet media company has begun offering its brand advertising to reach mobile phone users across markets in Western Europe, South Asia and the Americas, capitalizing on its prowess in supplying Web advertising to computer users.
Yahoo said it has signed up major advertisers including Hilton's Embassy Suites, Infiniti, Intel Corp., Nissan, Pepsi & Co, Procter & Gamble Asia-Pacific and Singapore Airlines will be initial advertisers on Yahoo's mobile advertising system.
The Sunnyvale, California-based company already offers online marketing services to a large majority of the top 100 U.S. advertisers. By expanding onto mobile phones, Yahoo aims to help corporate advertisers run coordinated campaigns that reach both computer and phone audiences, an official said.
"This is really about Yahoo staking out its leadership in the emerging space on the mobile phone," said Steve Boom, Yahoo senior vice-president for mobile and broadband.
Yahoo is the world's top provider of Web display ads such as online banners, commonly used for brand advertising.
It is seeking to become the early mover among Internet companies in mobile phones, racing against Google Inc. which over the past two years overtook Yahoo in ad revenues the two companies receive in the overall market for Web search.
Yahoo is betting that as most mobile phones now come with higher-resolution color screens and Internet browsers, the mobile advertising market is poised to explode, Boom said.
"We have the three legs of the stool," he said. "We are not only building the advertising platform. We are actually building the advertising relationships with it. We also have the audience," he said.
The new service is available in Western Europe in Britain, Ireland, Germany, Spain, France, Italy and in the Americas in United States, Canada, Brazil, Mexico and Argentina.
It also plans to offer the advertising service in Asia-Pacific markets including Australia, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam.
Advertisements will run along the top of Yahoo's home page on the Internet screens of mobile phones. Consumers can click on the interactive ads to learn more about an advertiser's offer or call the advertiser directly for details.
Yahoo Japan Corp., the company's joint venture with Softbank Corp. has been running ads in Japan for several years in what ranks as one of the world's most advanced mobile technology markets.
Yahoo's latest moves build on an exclusive partnership deal it struck in November with Vodafone, the world's largest mobile phone carrier, to provide corporate brand ads in Britain. Yahoo also introduced display ads in the United States in November.
Over the past year, Yahoo has also announced several enhancements to its mobile Web home page to make it faster and easier for consumers to search the Web, check e-mail, instant message, or check on news or sports.
The latest announcements were made ahead of Europe's major annual mobile phone conference in Barcelona this week.
OT to PowerPole RFC
Hey PowerPole,
what do you think about XTXI? Should I get some more at these levels around 32$. I see potential up to 40$ next 6 weeks. Crosstex Energy is down today, but on low volume.
OT SINA
08-02-2007 - 15:32 Buy SINA CORPORATION
SINA / Nasdaq 300 35,20 $ -
08-02-2007 - 16:51 Sell SINA CORPORATION
SINA / Nasdaq 300 37,40 $ 6.25 %
Now that is quick money, and I actually wanted to hold until 42.90$, but when it goes up that fast, I rather take the profit. If it falls back, and it will after some huge profit taking, I can always get back in. Keep an eye on this one ...
No GAP
The strangle went out empty, the GAP did not occur. That is part of techical analysis, sometimes you completeley miss the boat.
Much depend on the large indices, if they fall YHOO might follow. If we have a weekclose above 31$, we might go up on our own strength.
Nice weekend to you all.
Gooding Evening PP,
Your opinion of ONEV?
Technicals upticking. Good product. Increasing revenues.Looking at past PPS.
Thanks,
GJD
My tip for the comming weeks ....
CATERPILLAR, long
Target: 70$
Stop loss: 55$
Time frame: 6 weeks to target
YAHOO GAP Expected
IMO the overall chart looks bearish, but good figures can change everything. Anyway I expect a gap up (above $30) or down (below 25$).
Best way to handle such a thing is an option strangle, buy a put and a call in equal value/amounts one will be lost, but the other will boost. With no movement a slight loss must be calculated in.
If the quarterly report is considered negative, we might fall back to the $18-$20 area the next few weeks.
I was too late to buy, but expect the pps to fall tomorrow.
This is just my comment, do your own DD.
Belgian Newspapers Take on Yahoo!
BRUSSELS, Belgium — A group of Belgian newspapers has asked Yahoo! Inc. to remove links to their archived stories from its Web search service, claiming they infringe copyright laws, their lawyers confirmed Friday.
The move follows a legal challenge by the group against Google Inc. that has seen Belgian newspaper content stripped from Google News pending a court ruling expected early this year.
In a statement, Yahoo! France insisted it "respects the copyright of content owners" and said it would "respond in an appropriate manner" to the complaint.
The legal warning was sent to Yahoo! France by lawyers acting for Copiepresse, a copyright protection group representing 19, mostly French-language, newspapers. They complain that the search engine's "cached" links offered free access to archived articles that the papers usually sell on a subscription basis.
January 21, 2007 - 9:58 p.m. CST
http://www.statesman.com/business/content/shared-gen/ap/High_Tech/Belgium_Yahoo.html
you should have shorted !! . . . ...
I'll be looking to Buy Puts in the morning if it opens higher.
Thanks for sharing !!!
Forget it...I'm NOT going to play APPL now...
It just re-opened UP FOUR DOLLARS!!!...
NO FAIR!!!...THEY SHOULDN'T HAVE HALTED IT...
They HALTED! APPLE until 4:50pm today ;^(((
Apple's Q1 Results Up Sharply Over Year Ago, but Q2 Guidance Below Street
Due Off After-Hours Halt at 4:50 p.m. ET
Midnight Trader
4:35 p.m. 01/17/2007
Boston, Jan 17, 2007 (MidnightTrader via COMTEX) -- AAPL reports Q1 revs of $7.1 bln, vs. the FC mean of $6.42 bln, and up from $5.7 bln a year ago. EPS was $1.14 per share, up from $0.65 per share in Q1 last year. The Street view was $0.78 per share.
For Q2, AAPL sees revs of $4.8 to $4.9 bln and EPS of $0.54 to $0.56 per share. The FC mean is $5.22 bln in revs and EPS of $0.60 per share.
that sounds like great fun . . . ...
good luck !!!!!!
I'm going to play Apple Computer-AAPL...
In the after-hours session when it reports today...
And I'll be calling it out, and posting charts in real-time ;^))
Home builders a bit more optimistic in January...
Housing market index rises to 35, highest since July...
By Rex Nutting, MarketWatch
Last Update: 1:01 PM ET Jan 17, 2007
http://tinyurl.com/2q7apa
WASHINGTON (MarketWatch) -- U.S. home builders are slightly more optimistic about the housing market and are "starting to see that the worst is behind them," the National Association of Home Builders reported Wednesday.
The NAHB/Wells Fargo housing market index improved to 35 in January from an upwardly revised 33 in December. It's the highest level for the sentiment index since July. A year ago, the index was at 57. The index bottomed at 30 in September.
The index shows that roughly one-third of builders are upbeat about the market. A reading over 50% would indicate that most builders were optimistic that the market is improving.
The index is created by asking builders three questions: How are sales? How is buyer traffic? And how do you expect sales to be in six months?
The index for current sales rose to 36 from 33, the index for buyer traffic rose to 26 from 23, and the index for expected sales was unchanged at 49.
Over time, movements in the index are correlated with building permits and housing starts. The government will report on December starts and permits on Thursday. Economists expect small declines for both starts and permits.
In the past year, starts are down about 25%, while permits have fallen 10 months in a row and are down 31% in the past year.
"Builders are starting to see that the worst is behind them and that buying conditions have improved to the point that greater optimism is warranted," said David Seiders, chief economist for the builders' industry trade group, in a press release.
Seiders said the improvement in the index reflects lower mortgage rates since mid-year, lower energy prices, and solid growth in jobs and incomes.
"Reductions in home prices and widespread sales incentives offered by builders also have helped resuscitate buyer demand," the NAHB said.
For instance, one major builder, Lennar Corp. (LEN), said Wednesday that sales incentives offered to homebuyers averaged $47,300 per home in the fourth quarter, up from $10,600 the previous year.
Builders in three of four regions were more optimistic in January compared with December, but attitudes among builders in the West remained at the lowest levels in several years at 32.
Builders in the South were the most upbeat, with an index of 41.
Rex Nutting is Washington bureau chief of MarketWatch.
PPI rises 0.9% on higher food, energy prices...
Core rate of wholesale inflation up 0.2% in December...
By Rex Nutting, MarketWatch
Last Update: 8:50 AM ET Jan 17, 2007
http://tinyurl.com/2qkrv6
WASHINGTON (MarketWatch) -- Prices paid to U.S. producers rose 0.9% in December, led by higher energy costs and a big jump in fresh food prices, the Labor Department reported Wednesday.
The core producer price index, which excludes food and energy prices, rose 0.2%.
The increases in wholesale inflation were slightly higher than expected. Economists surveyed by MarketWatch were looking for a 0.6% gain on the finished goods PPI and a flat reading on the core PPI.
Treasury prices were little changed after the report.
Energy prices surged for a second straight month after falling the three months previous. Energy prices rose 2.5% in December, with wholesale gasoline prices rising 7.1%.
Wholesale food prices rose 1.7%, the largest gain in more than three years. Fresh fruit prices jumped 26.3%, the most in six years, while fresh vegetable prices rose 21.7%.
The PPI rose 1.1% in 2006, little changed from the 0.9% gain in the 12 months ending in November. The PPI rose 5.4% in 2005, as energy prices surged. The core PPI has risen 2% in the past 12 months, up from 1.6% in 2005.
For the first time in several months, vehicle prices had little impact on the PPI in December. Light truck prices rose 0.7%, while car prices fell 0.2%. In November, soaring vehicle prices (likely related to seasonal adjustments) helped push the PPI up 2% and the core PPI up 1.3%.
The report shows relatively tame price pressures outside of energy. The report is not likely to sway Federal Reserve policymakers either way as they consider possible changes to monetary policy at the Federal Open Market Committee meeting in two weeks.
Most observers expect the FOMC to hold tight on interest rates in January and probably in March as well. Expectations for aggressive rate cuts by the Fed have faded in recent weeks as growth has come in stronger than expected. Fed officials still maintain that worrisome inflation is the greater threat to a stable economy than is the risk of a severe slowdown in growth.
The government will report on the more important consumer price index on Thursday, with economists expecting a 0.5% rise in the CPI and a 0.2% gain in the core CPI after both figures turned in flat readings in November.
The government takes the temperature of inflation at three separate stages along the production process: crude materials, intermediate goods and finished goods. The finished goods PPI is the main number that economists and markets focus on.
At the finished goods level, prices of consumer goods rose 1.2%, while capital goods prices rose 0.2%.
Price pressures were mixed further back in the production pipeline. Intermediate goods prices rose 0.5% in December, fueled by a 2.3% rise in energy prices. Core intermediate goods prices (which exclude food and energy prices and which are some of the Fed's favorite measures of underlying inflation) fell 0.1% in December and are up 4.7% in the past 12 months. Steel prices fell 6.3%, while plastic prices dropped 2.7%.
Crude goods prices rose 2.9%, as energy prices rose 5.5%. Basic industrial materials prices rose 1%. Iron and steel scrap prices rose 6.8%, while iron ore prices fell 5.8%, the biggest drop in 20 years.
Rex Nutting is Washington bureau chief of MarketWatch.
Thanks for your kind words/thoughts Peggy Sue ;^))
News for 'AKAM' - (SURFCONTROL ENHANCES SOFTWARE DELIVERY OF WORLDWIDE INTERNET THREAT PROTECTION)
Jan 17, 2007 (AsiaPulse via COMTEX) -- (Full text of a statement. Contact
details below.)
( BW)(CA-SURFCONTROL/AKAMAI)(SRF.L)(AKAM) SurfControl Enhances Software Delivery
of Worldwide Internet Threat Protection With Akamai Technologies
Akamai's Platform Raises the Level of Internet Protection Offered to Customers
as SurfControl Continues to Build Unmatched Global Presence
SCOTTS VALLEY, Calif. & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Jan. 16,
2007--SurfControl (LSE:SRF), the leading provider of global on-demand, network
and endpoint IT security solutions, and Akamai Technologies (Nasdaq:AKAM), the
leading global service provider for accelerating content and business processes
online, today announced that SurfControl has moved its product download and
threat list updates to Akamai's infrastructure.
Akamai's infrastructure deployment will provide SurfControl with best-in-class
global reach for Internet threat protection update lists for its on-site
products.
SurfControl currently has global data center presence for its on-demand
solutions hosted with Equinix in the U.S. and Asia/Pacific, and with IX Europe.
Akamai's Electronic Software Delivery solution will enable SurfControl to
deliver more frequent updates, accelerate threat update delivery times by up to
300 percent and increase site capacity to accommodate a growing number of
customers, as well as surges in traffic.
Predictable, best-of-breed online performance has already resulted in improved
customer satisfaction, and is supporting the company's expansion into emerging
economic areas such as South America, Eastern Europe, India, and China.
By leveraging Akamai's global network of 20,000 servers with access to over
1,000 networks, customers receiving a scheduled or emergency threat list update
now access the Akamai server closest to them rather than having to rely on a
central location.
With servers deployed in over 69 countries, Akamai guarantees the best possible
delivery regardless of Internet peering, firewalling, and any other issues
ensuring faster threat updates.
"SurfControl has aggressive growth plans worldwide, and we needed to ensure
reliable delivery, even in countries where the quality of Internet connections
is not as robust as it should be," said Max Rayner, executive vice president for
products & services and CIO for SurfControl.
"Since Akamai is the gold standard in the content distribution and acceleration
space, they were our natural choice to assure competitive and cost-to-serve
advantages.
With the Akamai solution, SurfControl has been able to avoid costly data center
build outs and, by avoiding bursting bandwidth costs, reduce ISP charges by at
least $144,000 per year."
"Consumers expect to successfully download software quickly and without hassle,
no matter where they are or how many other people are trying to download it,"
said Brad Rinkin, Akamai Vice President of Marketing.
"We are pleased to support SurfControl's online business needs so their
customers get the service they expect through complete, immediate downloads
anywhere in the world.
Akamai allows SurfControl the confidence and cost savings of electronic software
delivery with a 100% uptime."
About SurfControl
SurfControl provides a portfolio of security solutions to protect our customers
from Internet threats, deliver business and regulatory compliance, and enable
business continuity.
SurfControl believes that security should be treated as a science, delivering
protection at multiple points -- "in the cloud" with on-demand security
services, on the network with software and appliances, and on the desktop and
mobile client.
All of SurfControl's solutions for Web, e-mail and endpoint security are backed
by industry-leading threat detection technologies, delivered by SurfControl's
Global Threat Experts who work 24/7 to provide customers with dynamic zero-day
protection.
The company protects more than 14.5 million users and over 23,000 customers
worldwide, and employs more than 600 people in offices across Europe, the
Americas, and Asia/Pacific.
For further information and news on SurfControl, please visit
www.surfcontrol.com.
About Akamai
Akamai(R) is the leading global service provider for accelerating content and
business processes online.
Thousands of organizations have formed trusted relationships with Akamai,
improving their revenue and reducing costs by maximizing the performance of
their online businesses.
Leveraging the Akamai EdgePlatform, these organizations gain business advantage
today, and have the foundation for the emerging Web solutions of tomorrow.
Akamai is "The Trusted Choice for Online Business." For more information, visit
www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects
of Akamai Technologies, Inc.'s management that constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995.
Actual results may differ materially from those indicated by these
forward-looking statements as a result of various important factors including,
but not limited to, the effects of any attempts to intentionally disrupt our
services or network by unauthorized users or others, failure to have available
sufficient transmission capacity, a failure of Akamai's network infrastructure
and other factors that are discussed in the Company's Annual Report on Form
10-K, quarterly reports on Form 10-Q, and other documents periodically filed
with the SEC.
CONTACT: SurfControl
Heather L.
Haas, 831-440-2626 (Media)
heather.haassurfcontrol.com
or
Akamai Technologies, Inc.
Jennifer Donovan, 617-444-2605 (Media)
jdonovanakamai.com
(C) 2007 Asia Pulse Pte Ltd
Oh PP...
You and your pretty wife have my sincere condolences! And, please, please do not bother with info on MDU at the present time...it's really not that important.
We were planning on leaving in the morning for a few days R & R in Louisiana but it appears as if we may cancel unless the weather conditions improve. If so, I'll be in touch with you either this weekend or early next week.
Again, I'm so very sorry for your loss.
G'night, my friend.
News for 'RBAK' - (Dr Alan Lippman appointed as chief video architect at Redback Networks)
Jan 11, 2007 (M2 EQUITYBITES via COMTEX) -- Redback Networks Inc (Nasdaq:RBAK),
a provider of multi-service edge routers for next generation IP networks,
announced on Wednesday (10 January) the appointment of Dr Alan Lippman as chief
video architect and director of technology planning.
Dr Lippman will report directly to Scott Marshall, senior vice president,
engineering and product management at Redback Networks.
Dr Lippman has served with RealNetworks and was one of the original creators of
RealAudio and RealVideo, Redback said. Dr Lippman also served as the first
member of the development team for RealAudio and as chief engineer and a key
developer for all major product releases for RealVideo through 2001.
In addition Dr Lippman is also the founder of Trusted Media Networks Inc, a
company focused on the delivery of high-bandwidth audio and video over any size
network pipe.
News for 'CYTR' - (CytRx Corporation Subsidiary, RXi Pharmaceuticals, Licenses ``Nanotransporters' and Other RNAi Discoveries from the University of Massachusetts Medical School - Novel Technology May Enable Systemic RNAi Delivery -)
WORCESTER, Mass., Jan 11, 2007 (BUSINESS WIRE) -- CytRx Corporation
(NASDAQ:CYTR) today announced that RXi Pharmaceuticals Corporation (RXi), a
majority-owned subsidiary of CytRx, has entered into significant new agreements
with the University of Massachusetts Medical School (UMMS) to license RNA
interference (RNAi) intellectual property for all therapeutic applications. RNAi
has been shown to effectively interfere with the expression of targeted
disease-associated genes with great specificity and potency, and was
co-discovered by 2006 Nobel Laureate Dr. Craig C. Mello, who is expected to
become a scientific advisor of RXi pending institutional approval. The
agreements include an exclusive therapeutic license with rights to sublicense
for nanotransporters, which have been shown to deliver intact RNAi to a number
of tissues in animal models. The licenses are contingent upon RXi's receipt of
working capital funding in the coming months. Financial terms were not disclosed
for competitive reasons.
Tod Woolf, Ph.D., CEO of RXi, stated, "The scientists that founded RXi realized
long ago that delivery technology was the key to systemic administration of
RNAi. The nanotransporters are the culmination of work carried out since 2003 by
Dr. Tariq Rana of UMMS. This new technology, together with our existing
RNAi-based intellectual property licenses acquired from CytRx, extraordinary
scientific advisors and proven management team provides the foundation required
to establish RXi as a pre-eminent company focused exclusively on the RNAi field.
With Merck's acquisition of Sirna Therapeutics, RXi expects to compete primarily
with industry leader Alnylam Pharmaceuticals as a company dedicated to
developing and commercializing RNAi therapeutics. While other competitors have
sought collaborators to obtain systemic delivery of RNAi, RXi now has its own
potential enabling delivery technology," added Dr. Woolf.
"If RXi is able to offer a new method for treating a broad range of diseases,
RNAi therapeutics could become as important as small molecules and antibody
drugs," said Steven A. Kriegsman, President and CEO of CytRx.
Licensed Nanotransporter Technology
Tariq M. Rana, Ph.D., Professor and Founding Director of the Program in Chemical
Biology at UMMS and developer of the nanotransporters, has reported activity
with RNAi delivered with nanotransporters in mouse models at 1 milligram per
kilogram - an exceptionally favorable dose. The nanotransporters are highly
uniform in structure and are readily formulated by simply mixing with RNAi
compounds. Results of this research were presented at the 2006 Keystone
Conference.
The RXi licensed technology also includes compounds for the potential treatment
of amyotrophic lateral sclerosis (ALS or Lou Gehrig's disease) that can be
delivered locally to the central nervous system. The ability to control gene
expression in the central nervous system has potentially far-reaching
implications for the treatment of a number of neurodegenerative diseases. In
addition, the technology includes methods of targeting point mutations with RNAi
that may be useful in targeting mutations that cause certain cancers and genetic
diseases.
About CytRx Corporation
CytRx Corporation is a biopharmaceutical research and development company
engaged in the development of high-value human therapeutics. The Company owns
three clinical-stage compounds based on its small molecule "molecular chaperone"
co-induction technology. In September 2006 CytRx announced that arimoclomol was
shown to be safe and well tolerated at all three doses tested in its Phase IIa
clinical trial in patients with ALS. The Company plans to enter a Phase IIb
clinical trial with arimoclomol in ALS in the third quarter of 2007, subject to
U.S. Food and Drug Administration (FDA) approval. The FDA has granted Fast Track
designation and Orphan Drug status to arimoclomol for the treatment of ALS. Also
in September 2006, CytRx announced receipt of $24.5 million in a non-dilutive
agreement with the privately funded ALS Charitable Remainder Trust to fund
continued arimoclomol development for the treatment for ALS in return for a 1%
royalty from potential worldwide sales of arimoclomol for the treatment of ALS.
The Greater Los Angeles Chapter of The ALS Association is the charitable
beneficiary of the ALS Charitable Remainder Trust. For more information on the
Company, visit CytRx's Web site at www.cytrx.com.
About RXi Pharmaceuticals Corporation
Massachusetts-based RXi is a biopharmaceutical research and development company
that will focus on developing RNAi-based therapeutics for the treatment of human
disease. RXi's initial focus will be on neurodegenerative diseases, oncology,
type 2 diabetes and obesity. RXi has licenses to a diverse series of early
patents and patent applications that were filed from 1998-2006 in the areas of
RNAi target sequences, RNAi chemistry and RNAi delivery. The company is co-owned
by CytRx and RNAi pioneers Craig C. Mello, Ph.D., 2006 Nobel Laureate for
co-discovering RNAi, Tariq M. Rana, Ph.D., inventor of fundamental technology
for stabilizing RNAi and of RNAi nanotransporters, Gregory J. Hannon, Ph.D.,
discoverer of RNAi mechanism (RISC) and short hairpin RNAi (shRNAi), and Michael
P. Czech, Ph.D., a leader in the application of RNAi to diabetes and obesity.
RXi's CEO, Tod Woolf, Ph.D., previously co-invented and commercialized
STEALTH(TM) RNAi, one of the most widely used second-generation RNAi research
products.
About the University of Massachusetts Medical School
The University of Massachusetts Medical School, one of the fastest growing
academic health centers in the country, has built a reputation as a world-class
research institution, consistently producing noteworthy advances in clinical and
basic research. UMMS attracts more than $174 million in research funding
annually, 80% of which comes from federal funding sources. Research funding
enables UMMS scientists to explore human disease from the molecular level to
large-scale clinical trials. Basic and clinical research leads to new approaches
for diagnosis, treatment and prevention of disease. Visit www.umassmed.edu for
additional information.
Forward-Looking Statements
This press release may contain forward-looking statements (statements as to
matters other than historical facts) as defined in the Private Securities
Litigation Reform Act of 1995 and in Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements involve risks and uncertainties that could cause actual events
or results to differ materially from the events or results described in the
forward looking statements. Examples of such risks and uncertainties include,
but are not limited to, the need for RXi to obtain significant financing in the
coming months for which it does not yet have commitments, the need for RXi to
meet specified milestones to maintain the UMMS licenses, RXi's need to raise
significant capital to fund operations and development of its potential
products, the need to establish management and other infrastructure for the RXi
subsidiary, intense competition with other companies focused on RNAi and other
larger companies with RNAi programs and with other existing or new therapeutic
modalities, the early stage of development of RXi's technology, and the scope,
timing and outcome of pre-clinical and clinical testing and regulatory review of
RXi's potential products. Additional risks or uncertainties are described in
CytRx's most recently filed SEC documents, such as its most recent annual report
on Form 10-K, all quarterly reports on Form 10-Q and any current reports on Form
8-K filed since the date of the last Form 10-K. All forward-looking statements
are based upon information available to CytRx on the date the statements are
first published. CytRx undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
SOURCE: CytRx Corporation
CONTACT: CytRx CorporationCEOcast, Inc.Dan Schustack, 212-732-4300dschustack@ceocast.com
Copyright Business Wire 2007
News for 'RBAK' - (DJ Redback Networks, Jabil Circuit Enter Manufacturing Pact)
Redback Networks Inc. (RBAK) and Jabil Circuit Inc. (JBL) have signed a manufacturing agreement under which Jabil will make certain products for Redback, according to a regulatory filing Friday.
The manufacturing deal has a one-year term, according to a Securities and Exchange Commission filing. Production volumes and pricing weren't included in the filing, but Redback said the two companies will decide those figures on a quarterly basis.
Redback, based in San Jose, provides telecommunications networking equipment. Jabil Circuit, St. Petersburg, Fla., provides electronic manufacturing services.
-Antonie Boessenkool, Dow Jones Newswires; 202-862-7139; antonie.boessenkool@dowjones.com
(END) Dow Jones Newswires
January 12, 2007 15:06 ET (20:06 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.- - 03 06 PM EST 01-12-07
U.S. Dec. import prices rise 1.1% vs. 0.8% expected...
By Robert Schroeder
Last Update: 8:30 AM ET Jan 12, 2007
http://tinyurl.com/tfwhn
WASHINGTON (MarketWatch) -- Prices of goods imported into the United States climbed by 1.1% in December, led by big increases in the prices of imported petroleum and natural gas.
The December data from the Labor Department follows a revised 0.5% gain in November and suggests some inflationary pressure from abroad.
Imported petroleum prices rose by 4.8%, their biggest increase in seven months.
Imported natural gas prices climbed by 10.1% in December, following a gain of 43.2% in November.
Economists surveyed by MarketWatch were expecting import prices to climb by 0.8% in December. Year-over-year, import prices have climbed 2.5%.
Hi! Peggy Sue...We have had rough week here...
My mother-in-law passed away Saturday evening, and I've been away from my normal routine all week...
I'll take a look at MDU sometime tomorrow for you...
I'm off to bed now...Good night...
Howdy PP... Would like to have your opinion on MDU....when and/or if you have time. I'm in no hurry whatsoever...
Thanks... ;)
http://biz.yahoo.com/ap/070109/aftermarket_movers.html?.v=1
MDU Resources Group Inc.'s shares jumped after the Bismarck, N.D-based oil driller and gravel miner said it hired Goldman Sachs & Co. as a financial adviser and it may sell its domestic independent power production assets. The announcement sent MDU shares added 85 cents, or 3.4 percent, to $25.75 in aftermarket trading, after closing up 4 cents at $24.90 on the NYSE.
PowerPole,
Good evening.
Noticed the BB's tightning on AKAM.The upper BB appears to be more flat while the bottom is in a steep incline towards the upper band.Is that significant? CCI appears not to have turned up yet.
What's your thoughts on AKAM?
Thanks,
GJD
Kohn sees moderate growth with lower inflation in 2007...
By Greg Robb
Last Update: 12:45 PM ET Jan 8, 2007
http://tinyurl.com/u7lsu
WASHINGTON (MarketWatch) -- Economic growth in 2007 will be moderate but sustainable, and inflation will be lower than it was in 2006, said Fed vice chair Donald Kohn on Monday.
"The economy appears to be weathering the downturn in housing with limited collateral effects and inflation appears to be easing with the aid of lower energy prices, well-anchored inflation expectations, and competitive labor and product markets," Kohn said in a speech prepared for delivery to the Atlanta Rotary Club.
But Kohn stressed it was too early for the Fed to lower its guard against inflation. His expectation of a very gradual decline in inflation was "by no means assured."
News for 'RBAK' - (Headline Maker: Redback Networks Expects Lower Revenue for Fiscal Quarter Ended December 31, 2006)
Jan 08, 2007 (M2 PRESSWIRE via COMTEX) -- Redback Networks Inc. (NASDAQ:RBAK)
manages 50 million broadband connections for 15 of the top 20 telephone carriers
worldwide. Redback's multi-service routing platform delivers next generation
broadband services such as VoIP, IPTV and On-Demand Video. Redback Networks has
more than 500 carrier customers worldwide and is based in San Jose, CA. In 2006,
Redback marks its 10 year anniversary, celebrating ten years of broadband
innovation. For more information, visit Redback Networks at www.redback.com.
At the time of this writing shares are trading at $24.78 with over 20.9 million
in volume. Redback Networks Inc. (NASDAQ:RBAK) announced that it preliminarily
expects lower than anticipated revenue of approximately $64 million for the
fiscal quarter ended December 31, 2006.
MarketGainer.com has emerged as the most exciting online financial newsletter!
For international, small-cap investors who are looking to stay a step ahead of
the markets visit MarketGainer.com.
"The fourth quarter was our largest quarter ever for the SmartEdge products as
we experienced substantial quarter over quarter revenue growth and the
acquisition of several new large SmartEdge customers," said Kevin DeNuccio,
president and chief executive officer, Redback Networks. "Unfortunately we
failed to meet our revenue targets due to, among other reasons, distribution
channel disruptions caused by the timing of our proposed acquisition by
Ericsson, and lower than expected revenue from our older SMS product line as we
transitioned our largest SMS customers in the fourth quarter to our SmartEdge
products. We expect that substantially all of the delayed purchases will become
revenue in 2007."
Mr. DeNuccio continued, "We are excited about the progress we made last quarter
with our SmartEdge product line, and the positive reactions of our customers to
the Ericsson proposed acquisition. I want to assure our shareholders, customers
and employees that Ericsson's plans for the pending transaction remain
unchanged."
The full financial details of the quarter's results will be presented at
Redback's regularly scheduled fiscal fourth quarter 2006 results conference call
on January 30, 2007 at 1:45 p.m. Pacific Time. The details of the call and
webcast are as follows:
Date: Tuesday, January 30, 2007 Time: 1:45 p.m. PT/2:45 MT/3:45 CT/4:45 ET
Domestic Dial-in phone number: 1-800-559-2403 International Dial-in phone
number: 1-847-619-6534 Passcode: 16677677
Webcast: You can also participate in the conference call via your computer by
registering your name on Redback's Investor Center at: http://ir.redback.com.
The conference call will be archived on Redback's Investor Center website. A
replay will be accessible by telephone one hour after conclusion of the call
until February 26, 2007.
To ensure that the conference begins in a timely manner, please dial in 10
minutes prior to the scheduled start time.
To view more of today's articles and comparables join us at www.marketgainer.com
for a complimentary subscription to the most exciting online financial
newsletter on the markets. No Credit Card information needed.
The Financial Information and Financial Content provided by Marketgainer.com is
for informational purposes only and should not be used or construed as an offer
to sell, a solicitation of an offer to buy, or endorsement, recommendations, or
sponsorship of any company or security by Marketgainer.com. You acknowledge and
agree that any request for information is unsolicited and shall neither
constitute nor be construed as investment advice by Marketgainer.com to you. It
is strongly recommended that you seek outside advice from a qualified securities
professional prior to making any securities investment. Marketgainer.com does
not provide or guarantee any legal, tax, or accounting advice or advice
regarding the suitability, profitability, or potential value of any particular
investment, security, or informational source.
All material herein was prepared by based upon information believed to be
reliable. The information contained herein is not guaranteed by Market Gainer to
be accurate, and should not be considered to be all-inclusive. The companies
that are discussed in this opinion have not approved the statements made in this
opinion. This opinion contains forward-looking statements that involve risks and
uncertainties. This material is for informational purposes only and should not
be construed as an offer or solicitation of an offer to buy or sell securities.
Market Gainer is not a licensed broker, broker dealer, market maker, investment
banker, investment advisor, analyst or underwriter. Please consult a broker
before purchasing or selling any securities viewed on or mentioned herein.
This release contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words such as "may",
"future", "plan" or "planned", "will" or "should", "expected," "anticipates",
"draft", "eventually" or "projected". You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements, including the risks that actual results may
differ materially from those projected in the forward-looking statements as a
result of various factors, and other risks identified in a companies' annual
report on Form 10-K or 10-KSB and other filings made by such company with the
Securities and Exchange Commission.
M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at http://www.presswire.net on the world wide web.
Inquiries to info@m2.com.
(C)1994-2007 M2 COMMUNICATIONS LTD.
News for 'AKAM' - (Akamai to Hold Fourth Quarter and Full-Year 2006 Investor Conference Call on Wednesday, February 7th at 4:30 PM ET)
CAMBRIDGE, Mass., Jan 08, 2007 (BUSINESS WIRE) -- Akamai Technologies, Inc.
(NASDAQ: AKAM), the leading global service provider for accelerating content and
business processes online, announced today that the company will hold a
conference call for investors on Wednesday, February 7, 2007 at 4:30 p.m. ET.
The call will include the company's fourth quarter 2006 and year-end financial
results.
Akamai's conference call can be accessed through 1-888-689-4521 (or
1-706-645-9202 for international calls). A live Webcast of the call can be
accessed at www.akamai.com. In addition, a replay of the call will be available
for one week following the conference through the Akamai Website or by calling
1-800-642-1687 (or 1-706-645-9291 for international calls) and using conference
ID No. 5848965.
About Akamai
Akamai(R) is the leading global service provider for accelerating content and
business processes online. Thousands of organizations have formed trusted
relationships with Akamai, improving their revenue and reducing costs by
maximizing the performance of their online businesses. Leveraging the Akamai
EdgePlatform, these organizations gain business advantage today, and have the
foundation for the emerging Web solutions of tomorrow. Akamai is "The Trusted
Choice for Online Business." For more information, visit www.akamai.com.
Akamai Statement Under the Private Securities Litigation Reform Act
The release contains information about future expectations, plans and prospects
of Akamai Technologies, Inc.'s management that constitute forward-looking
statements for purposes of the safe harbor provisions under The Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from those indicated by these forward-looking statements as a result of various
important factors including, but not limited to, the effects of any unexpected
difficulty in closing our financial books for the quarter and other factors that
are discussed in the Company's Annual Report on Form 10-K, quarterly reports on
Form 10-Q, and other documents periodically filed with the SEC.
SOURCE: Akamai Technologies, Inc.
CONTACT: Akamai Technologies, Inc.Media Relations:Jeff Young, 617-444-3913jyoung@akamai.comorInvestor Relations:Sandra Smith, 617-444-2804ssmith@akamai.com
Copyright Business Wire 2007
Weekly Recap - Week ending 22-Dec-06
The market sagged this past week. The S&P 500 lost all of the gains from the previous week, and the Nasdaq lost even more.
There were no major reasons for the decline and no sharp moves. The recent momentum simply gave way as the S&P 500 index lost 5 points on three seperate days, 2 points on one, and managed a single up day of just 3 points.
The news this week was mixed. The economic reports brought good news on the inflation front, but there were soft economic reports. On Tuesday, it was reported that November PPI had surged 2.0%. That followed a 1.6% drop the prior month, however, and the big jump represented a rebound in a number of key categories, not any underlying price pressures. The core rate followed a very similar pattern of jumping 1.3% in November after a 0.9% October drop.
More significant was the flat November core PCE deflator reported on Friday. That mirrored the previously reported 0.0% for the core November CPI. The year-over-year change in the core PCE deflator dipped to 2.2%. This is the Fed's favorite inflation measure, and the year-over-year rate is sinking back towards the Fed's comfort zone.
The economic news was less bullish. November housing starts bounced 6.7% and appear to be bottoming. That is definitely good news. But there were signs of weakening trends in manufacturing and business investment. November durable goods orders jumped 1.9%, but excluding transportation the change was a weaker than expected -1.1%. The underlying trends in orders are weak, and the year-over-year increase in total orders is now just 0.3%.
The December Philadelphia Fed index reflected a declining manufacturing sector. It was -4.3 from 5.1 in November. This is just one regional monthly survey, but was taken as a signal of an overall weakening trend.
Also released this past week, but of little significance, was a slight downward revision to third quarter real GDP growth to a 2.0% annual rate from a previous 2.2% rate, a weekly unemployment claims level near recent trends of 315,000, and November personal income and spending increases in line with expectations.
The corporate news was slightly bullish. Morgan Stanley, FedEx, Accenture, Nike, General Mills, Micron, and Walgreen all had good earnings reports. Earnings warnings were light for this time of the quarter. Qualcomm and Palm were about the only noteworthy ones. None of the above had broad impact.
More significant was the fact that Oracle stock took a plunge on Tuesday after their earnings report on Monday afternoon. Revenue and profit were in line with expectations, but the company fell a tad short on a key line for new license revenue. The (over)reaction suggests some fragility in tech stocks. This, along with a sharp decline in Google stock, helps explain why the Nasdaq underperformed this week.
The soft trend this week hasn't done much to dissuade traders that a classic "Santa Claus rally" is likely. The market tends to rise in the final days of the year and the first couple of days in the new year. There are concerns, however, that a consolidation of some degree might hit in January.
Oil prices ended the week at $62.41 a barrel, which is still in a acceptable range for stocks. The 10-year note yield ended at 4.62%, little changed from 4.60% a week prior.
Index Started Week Ended Week Change %Change YTD
DJIA 12445.52 12343.22 -102.30 -0.8% 15.2%
Nasdaq 2457.20 2401.18 -56.02 -2.3% 8.9%
S&P 500 1427.09 1410.76 -16.33 -1.1% 13.0%
Russell2K 792.71 780.82 -11.89 -1.5% 16.0%
U.S. Dec. payrolls unexpectedly accelerate to 167,000...
By Rex Nutting
Last Update: 8:30 AM ET Jan 5, 2007
http://tinyurl.com/yjuouc
WASHINGTON (MarketWatch) - Job growth in the United States unexpectedly accelerated in December, with nonfarm payrolls rising by 167,000 and the jobless rate remaining at a very low 4.5%, the Labor Department reported Friday.
Job growth was much stronger than the 100,000 expected, dashing fleeting hopes held by some that the Federal Reserve would cut interest rates soon.
Payrolls grew by 1.84 million in 2006, an average of 153,000 per month.
The jobless rate fell from 4.9% at the beginning of the year to 4.5%.
Average hourly earnings in December jumped by 8 cents or 0.5%, far ahead of the 0.3% rise expected.
Redback now sees fourth-quarter revenue of $64mm...
By Gabriel Madway
Last Update: 6:05 PM ET Jan 4, 2007
http://tinyurl.com/ycxepw
SAN FRANCISCO (MarketWatch) -- Redback Networks Inc. (RBAK) late Thursday forecast lower-than-expected revenue of roughly $64 million for fourth-quarter ended Dec. 31.
"Unfortunately we failed to meet our revenue targets due to, among other reasons, distribution channel disruptions caused by the timing of our proposed acquisition by Ericsson, and lower-than-expected revenue from our older SMS product line as we transitioned our largest SMS customers in the fourth quarter to our SmartEdge products," said Kevin DeNuccio, president and chief executive, in a statement.
"We expect that substantially all of the delayed purchases will become revenue in 2007." Redback is based in San Jose, Calif.
Happy New Year All, YHOO is up about .70 today and no discussion. Any Reason?
Followers
|
20
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1824
|
Created
|
07/25/05
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |