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AKAM set another 52 Week High AGAIN TODAY!...
That makes two sessions in a row it's done that!...
The hourly chart shows the potential upside to the upper Bollinger Band is about $55.50 It consolidated in an uptrend all day today which is a very bullish chart pattern...It stayed above the 15SMA and most of the Technical Indicators are showing real strength except the MACD Histogram...IF the PPS takes off in rally mode Monday, the Histogram will have done a "kiss" up off the zero line which is great!...And the CCI will cross back up through the upper line which will be a Buy Signal to many traders that use that Indicator...
The daily chart shows the PPS above the upper BBand, which is usually not good...But remember that when a stock starts hitting new 52 Week Highs, it's got a lot of good stuff going on...Especially when the overall Market isn't doing the same...I don't see any Indicator on this chart signaling a pullback yet...Today's candlestick was almost a doji, but not quite...
The weekly chart shows the potential upside to the upper BBand sits at $59.11 and ALL of the Indicators are VERY Bullish...Look at the size of that big white candlestick for this week, which is another Bullish sign...
I'm not going to "predict" what AKAM will do next week, because that is really difficult to do with this stock as it's always full of surprises!...Overall, this stock looks VERY STRONG and it will always be one of my Favorites!...
Good Luck To ALL ;^))
I'm covering that Short of RBAK NOW!...
At 17.75 for $300.00 in THIRTEEN MINUTES! ;^))
I'm going Short on RBAK now @ 17.95 with 2K shares...
And AKAM also if it breaks below 53.53 and then 53.46
The Nasdaq 5 minute chart is showing a breakdown coming soon...
My Short of RBAK isn't working...I'm covering @ 17.98
I'm going Short RBAK with 1K shares NOW @ 17.94
RBAK is UP over a dollar now, and UP +6%...
Heelys, Allegiant Travel IPOs take flight:
Small-cap deals both price above their range:
By Steve Gelsi, MarketWatch
Last Update: 10:52 AM ET Dec 8, 2006
http://tinyurl.com/yjhovs
NEW YORK (MarketWatch) -- Heelys and Allegiant Travel both priced atop their range for their stock market debuts Friday in a sign of strong interest in the profitable small-cap firms.
Heelys Inc. (HLYS), a maker of children's sneakers, which have wheels in the heels, rolled past its price range of $16 to $18 by setting its IPO at $21 a share.
The Carrollton, Texas company, founded in 2000 by current board member and 40-year skateboarding veteran Roger R. Adams, raised $135 million by offering 6.425 million shares with underwriters Bear Stearns and Wachovia Securities.
Profitable for at least the past three years, Heelys rang up $17.7 million in net income and revenue of $117 million in the nine months ended Sept. 30, compared with net income of $2.9 million and revenue of $29 million in the year-ago period.
Riding a surge in popularity of action sports, Heelys appears to be tapping into interest in the IPO market for youth-oriented brands and popular footwear companies.
Other recent examples include Crocs (CROX), Under Armour (UARM) and Zumiez (ZUMZ).
"Heelys will have a strong market debut given its impressive recent track record and its potential to expand in the U.S. and international markets," Renaissance Capital said in its IPO of the week column. "In addition, the company is being brought to market at a discount to its closest comparable and hyper-growth footwear-designer Crocs." See IPO of the week column.
According to an amended prospectus for the IPO, Adams planned to sell 815,656 shares in the IPO itself for proceeds of about $17 million.
Adams also received $3 million in May for selling stock at $2.76 a share in separate transactions to the company and to Chairman Patrick Hamner, according to filings.
Heelys CEO Michael G. Staffaroni, 49, a former vice president of the Rollerblade division of Benetton Group, initially joined the company in 2000 as a full-time consultant.
Allegiant Travel IPO gains altitude:
Allegiant Travel (ALGT) priced its IPO at $18 -- above its $15-$17 range -- for its stock market debut on Friday. The IPO opened at $24 a share and rose to $25.23 for a gain of 41%.
The company raised $90 million by offering 5 million shares for trading on the Nasdaq.
The Las Vegas-based airline provides flights to 45 cities with operations concentrated in its home base and Florida.
For the nine months ended Sept. 30, Allegiant reported net income of $10.3 million on revenue of $180 million, compared with net income of $7.7 million and revenue of $92.5 million in the year-ago period.
At the midpoint of its IPO price range, Allegiant would be more expensive than Frontier Airlines (FRNT) or AirTran (AAI) but "probably rightly so," Prudential analyst Bob McAdoo wrote in a Nov. 30 note to clients.
"Allegiant's unique operating methods and product offering keep it well below the radar of the big airlines and uniquely attractive to a substantial segment of the population seeking low-priced leisure travel from smaller cities," he said.
Steve Gelsi is a reporter for MarketWatch in New York.
cmon over here (save e time )
http://www.investorshub.com/boards/board.asp?board_id=1125
i'm using an INET book here and
just watching them set up the que
don't want to pay more than $28 , but 6mil float
so anything can happen initially
just scalped AAPL bounce fr $1.50
2MAR$...I can't get a chart to come up...
On the new IPO--HLYS...
Do you have any idea how it's doing today?...TIA
RBAK is now UP $.85 and UP 5%...NICE!!! ;^)))
And the overall Market is recovering nicely too...
The Dow, Nasdaq, and S&P 500 all just went GREEN!...
RBAK is having ANOTHER GREAT DAY!!!...
UP $.68 and UP 4% while the Naz is DOWN 6 points ;^)))
U.S. Dec. UMich consumer sentiment 90.2 vs 92.1 in Nov.
By Greg Robb
Last Update: 10:02 AM ET Dec 8, 2006
http://tinyurl.com/yboypq
WASHINGTON (MarketWatch) -- Consumer sentiment eroded slightly in December, according to researchers at the University of Michigan on Friday.
The consumer sentiment index fell to 90.2 in December from 92.1 in November.
The decrease was unexpected.
The consensus forecast of Wall Street economists who had expected sentiment to rise to 92.4.
And that's why the overall Market started to fall like a ROCK, as soon as this report was released!...The Dow was up over 20 points, and now it's down over 20 points...
Hi! 2MAR$...No, I wasn't aware of and IPO...
For HLYS today...I'll put it on my watch list for today and keep an eye on it...
Thanks! for the heads UP! ;^))
going to try and play HLYS ipo this am ?
might put it onscreen for fun ....6mil foloat
http://www.investorshub.com/boards/read_msg.asp?message_id=15345147
Payroll growth rises 132,000 in November:
Unemployment rate ticks up to 4.5%
By Greg Robb, MarketWatch
Last Update: 8:41 AM ET Dec 8, 2006
http://tinyurl.com/t6otw
WASHINGTON (MarketWatch) -- Hiring in the U.S. continued at a steady, strong pace in November, easing worries that the economy is weakening.
Nonfarm payrolls increased by 132,000 in November, based on a survey of business establishments, the Labor Department reported Friday.
The unemployment rate ticked up to 4.5% from 4.4% in October, which was a five-year low, according to a separate household survey.
The gain in payrolls was higher than expected. Economists were forecasting an average gain of 112,000 in November, according to a survey conducted by MarketWatch.
The rise in the unemployment rate was in line with expectations.
The report is seen as crucial to an economic outlook that has shown conflicting signals in recent weeks. Recent signs that the economy is slowing have raised concerns about the duration and depth of the downturn.
The Federal Open Market Committee is expected to keep its target federal funds rate steady at 5.25% at its meeting on Tuesday. The federal funds futures market is predicting a rate cut in March.
The picture painted by the report was one of a solid labor market. Payrolls growth in October and September was revised higher by a net 42,000 jobs.
Average hourly earnings increased 3 cents, or 0.2%, to $16.94 in November. Wage earnings are up 4.1% in the past year. This matches the gain in September, which was the highest level since 2001.
The average workweek was steady at 33.9 hours. Total hours worked in the economy increased 0.1%
The factory sector appeared weak. Both the manufacturing workweek and factory overtime fell by 6 minutes in November.
The gain in payroll employment was close to its trend rate this year. Payroll employment has grown by an average 149,000 per month so far this year.
Private-sector hiring picked up to 114,000 in November from 51,000 in October. Factory employment fell by 15,000.
Service-sector employment rose by 172,000, after 141,000 in October. Most of the gains came in professional services and retail trade.
Retail employment rose by 20,000. This was biggest employment gain in the sector in a year.
Professional and business service employment rose by 43,000 in November.
Temporary help jobs rose by 5,000.
The goods-producing sectors lost 40,000 jobs in November.
Construction jobs fell by 29,000 in November. This was the second straight sharp decline. The slowdown in housing cost about 17,000 jobs.
The factory sector lost 15,000 jobs.
The picture painted by the separate household survey was mixed. Employment rose by 277,000 while unemployment rose by 106,000 to 6.82 million.
Greg Robb is a senior reporter for MarketWatch in Washington.
News for 'CYTR' - (www.streetinvesting.com: Continuing Our Look at CytRx Corporation)
Dec 08, 2006 (M2 PRESSWIRE via COMTEX) -- Streetinvesting.com is the author of
this release. This release is a result of our current concentration on CytRx
Corporation (NASDAQ:CYTR) and their latest corporate developments and market
performance. Our goal is to help investors seek a diversified portfolio by
introducing techniques to help grasp a better understanding and concept of the
market and the daily activities that a public company experiences. The first
stage of this process is to continually track CytRx Corporation and use the
information that we may find to our advantage. To learn more and become part of
the acclaimed online financial newsletter community, visit
www.streetinvesting.com for a complimentary subscription.
CytRx Corporation was up 6.90% Wednesday. Investors also saw approximately
1,533,760 shares having traded hands come market closure.
Wall Street's rally was cut short Wednesday as investors decided to hold off
until the release of the Labor Department's upcoming jobs report.
Although the week began on a strong note, many traders chose to sell ahead of
the government's November payroll report expected this Friday, as well as next
Tuesday's Federal Reserve meeting. As we had touched upon in our previous
articles, a number of recent economic reports have led some to believe that
policymakers may cut rates after over two years of hikes that halted in June.
The next few weeks will be an interesting an exciting time for both investors
and corporations alike. With Christmas nearing and recent economic changes
unfolding, Streetinvesting.com's research team will continue to keep our members
up to date on the latest market news and developments.
According to preliminary calculations, the Dow Jones industrial average lost
22.35, or 0.18 percent, to finish at 12,309.25.
Broader stock indicators also dropped, with the Standard & Poor's 500 index
declining 1.86, or 0.13 percent, to 1,412.90, and the Nasdaq composite index
sliding 6.52, or 0.27 percent, to 2,445.86.
CytRx Corporation stood out in the crowd Wednesday, and despite the day's
overall negative results secured notable returns for shareholders.
In some of the most recent news to surface surrounding this Company, which we
feel may have had an affect on the day's success in the marketplace, as well as
an ongoing affect on shareholder outcome, CytRx Corporation announced that
Matthew Natalizio, CytRx's Chief Financial Officer, is scheduled to present at
The New York Society of Security Analysts (NYSSA) 10th Annual Biotech &
Specialty Pharmaceutical Industry Conference on Tuesday, December 12, at 9:30
a.m. Eastern Time. The conference will be held on December 12, 2006, 8:30 a.m.
to 5:10 p.m., and December 13, 2006, 8:30 a.m. to 4:30 p.m. at NYSSA, 1177
Avenue of the Americas, 2nd Floor, New York City.
To continue with the full report, more information and research please go to
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AKAM Closed at a new 52 WEEK HIGH @ $53.38 Today!!!...
With HUGE Volume!...
DAILY:
WEEKLY:
The upper Bollinger Band on this weekly chart says the potential upside of this move is $59.11 and ALL of the Technical Indicators are upticking nicely...
Good Luck To ALL ;^))
Here's another day trade I did on RBAK today:
IN: At 2:01:38 withh 1K shares at $17.51 and 1K more shares at $17.35
For a breakeven price of $17.43
http://www.investorshub.com/boards/read_msg.asp?message_id=15369928
OUT: With ALL 2K shares at $17.05 at 3:22:01
http://www.investorshub.com/boards/read_msg.asp?message_id=15373841
FOR A NET PROFIT OF $.38 or $760.00 IN ONE HOUR AND TWENTY ONE MINUTES!!! ;^))
AKAM is UP over $3.50 and UP over 7% today ;^))
I'M LOCKING IN MY PROFITS NOW @ $17.42
I MADE OVER $800.00 IN JUST UNDER 30 MINUTES:
I BOUGHT 2K SHARES AT 12:03
http://www.investorshub.com/boards/read_msg.asp?message_id=15363800
LOOK AT RBAK GO!!!...LOL
RBAK is breaking up through a level of resistance...
At $17.00
And I'm all IN with 2K shares there at 17.01...
Even though it's up almost two dollars and 13% on the day...
TODAY'S NEWS RELEASE WAS VERY, VERY GOOD FOR RBAK...
AKAM is now UP over $2.75 and UP over 5.5% today!!!...
It's trading at $52.58
And the Nasdaq is down 8 points...
It looks like the "Second Low Entry" was a GOOD ONE!!!...
http://www.investorshub.com/boards/read_msg.asp?message_id=15254605
I LOVE AKAM!!!...LOL ;^))
News for 'RBAK' - (Blue Chip News: Fundamental Review for Redback Networks Inc)
Dec 07, 2006 (M2 PRESSWIRE via COMTEX) -- Fundamental Review for Redback
Networks Inc (NASDAQ:RBAK)
Redback Networks, Inc. provides advanced telecommunications networking equipment
in North America, Europe, the Middle East, Africa, and Asia-Pacific. It offers
SmartEdge service gateway that combines scalable carrier-class edge routing,
Ethernet aggregation, and advanced subscriber management; SMS product families,
which enable service providers and carriers to provide, aggregate, and manage
broadband and dialup subscribers, and services through a single and unified
platform; and the NetOp policy manager, a software platform that allows policy
management and control across the SmartEdge and SMS product families. The
company's products enable service providers to build Internet protocol-based
broadband networks to deliver high-speed access and services to consumers and
businesses. It has collaboration agreements with DSL Forum, Broadband Services
Forum, TIA, United States Telecom Association, and Isocore. As of March 20,
2006, Redback Networks had a customer base of approximately 500 carriers and
service providers, including local exchange carriers, inter-exchange carriers,
post, telephone and telegraph, and service providers. It sells its products
through direct sales force, resellers, and distribution partners. The company
was founded in 1996 and is headquartered in San Jose, California.
Shares were up 10% after announcing it has won the second phase of a broadband
network upgrade with largest provincial carrier in China.
BellwetherReport.com is a leading online research firm for international
investors looking to get an edge over their portfolio. Investors seeking the
most up to date information on Redback Networks Inc are invited to sign up for a
free complimentary subscription to www.bellwetherreport.com. No credit card
needed!
Redback Networks Inc. , a leading provider of multi-service edge routers for
next generation broadband networks, announced it has won the second phase of a
broadband network upgrade with largest provincial carrier in China. Guangdong
Telecom will use Redback's SmartEdge family of multi-service edge routers to
deliver broadband internet, IPTV and virtual private network (VPN) services for
up to four million homes and businesses.
Today's announcement is one of the largest network upgrades that Redback will
help manage in China. Guangdong Telecom is the largest independently run
provincial carrier of China Telecom, which has an estimated 50+ million
customers. Guangdong Telecom contributes one-quarter of China Telecom's revenues
and one-third of China Telecom's profit. Guangdong Telecom is planning to grow
the broadband business more aggressively and double the number of broadband
subscribers in the next one or two years.
More information on Redback Networks Inc available in the members section of
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AKAM is up $1.50 and UP over 3% today too!!!...
RBAK is UP over $1.85 and UP over 11.5% today!!!...
RBAK is UP over a DOLLAR in pre-market this a.m....
U.S. weekly jobless claims down sharply after big runup:
By Greg Robb
Last Update: 8:30 AM ET Dec 7, 2006
http://tinyurl.com/yfygl2
WASHINGTON (MarketWatch) - The number of new filings for state unemployment benefits declined sharply in the latest week, reversing a large increase in the previous week, the Labor Department said Thursday.
Initial jobless claims fell by 34,000 to 324,000 in the week ended Dec. 2. The drop was in line with economists forecasts.
Claims rose a revised 35,000 to 358,000 in the previous week, compared with the initial estimate of a rise of 34,000 to 357,000. This was the highest level of claims in over a year.
The volatility in claims is typical around holidays, a Labor Department official said.
The four-week average of initial claims, which smoothes out weekly noise and distortions in the data, rose 3,500 to 328,750. This is the highest level since May.
The number of people collecting state unemployment benefits over the past four weeks rose by 57,000 to 2.52 million in the week ended Nov. 25. This is the highest level since January.
'AKAM' - (CCA Changes EPS Estimate of AKAMAI TECHNOLOGIES INC)
Dec 06, 2006 (Nelson's Broker Summaries via COMTEX) --
Company: AKAMAI TECHNOLOGIES INC
Report Headline: "Morning Call"
Report Date: December 04, 2006
Current FY EPS Estimate [FY2006]: 0.87
Previous EPS Estimate for Current FY [FY2006]: 0.87
Current Quarter EPS Estimate [Q4]: 0.26
Previous EPS Estimate for Current Quarter [Q4]: 0.26
Next FY EPS Estimate [FY2007]: 1.18
Previous EPS Estimate for Next FY [FY2007]: 1.18
Current Recommendation: OUTPERFORM
Research Firm: CCA
Analyst: RESEARCH COWEN
Industry: TECHNOL/SOFTWARE
Estimates reported in USD
http://www.thomsonfinancial.com
Copyright 2006, Nelson Information, a Thomson Financial company
'AKAM' - (AKAMAI TECHNOLOGIES INC Consensus Recommendation: BUY)
Dec 06, 2006 (Nelson's Broker Summaries via COMTEX) --
Company: AKAMAI TECHNOLOGIES INC
Consensus Recommendation: BUY
(Strong Buy: 3, Buy: 8, Hold: 7, Underperform: 0, Sell: 0)
Quarter Consensus Estimate [Q4]: 0.26
FY Consensus Estimate [FY2006]: 0.87
Next FY Consensus Estimate [FY2007]: 1.20
Industry: TECHNOL/SOFTWARE
Estimates reported in USD
http://www.thomsonfinancial.com
Copyright 2006, Nelson Information, a Thomson Financial company
YHOO CEO-Terry Semel is on CNBC right now...
And he says: "I'm not going ANYWHERE...
It's an exciting time at YHOO and I plan to be here to see it through"...
Well just have to see about THAT...LOL!!!...
Yahoo's reorganization fails to impress; shares fall:
CFO Decker to switch jobs, report directly to CEO Semel; COO to leave...
By Ben Charny & Bambi Francisco, MarketWatch
Last Update: 4:06 PM ET Dec 6, 2006
http://tinyurl.com/ygmzt2
SAN FRANCISCO (MarketWatch) -- Yahoo Inc. is revamping its operations and reshuffling its executive ranks as the Internet giant struggles amid stiff competition from Google Inc., but the moves fell short of what some on Wall Street had hoped for and its shares fell on Wednesday.
"We view this development as mixed," wrote Citigroup analyst Mark Mahaney, who rates Yahoo stock as a buy.
The shares (YHOO) , which have fallen 30% this year, slipped another 2% to close at $26.86
Yahoo said it's reorganizing into three units, one focused on building its Internet audience, one that will deal with advertisers and publishers, and a third group that will develop technology and products for the other two units.
The moves, announced Tuesday evening, include the departures of Chief Operating Officer Dan Rosensweig and Lloyd Braun, head of Yahoo's media content group. Braun was brought to Yahoo from Hollywood by Chief Executive Terry Semel to create original news and entertainment content.
Susan Decker, who has served as Yahoo chief financial officer since 2000, will become head of the company's advertiser and publisher group, giving her control over nearly all of the company's revenue-generating businesses. Some analysts see her ascension as a possible prelude to being named CEO.
Growth at Yahoo, which for years has owned the most-visited group of Web sites, has been eclipsed by Google, which has come to dominate the lucrative business of selling online ads alongside Internet search results.
Critics:
Yahoo has grown unwieldy and bureaucratic, critics inside and outside the company have charged, and its offerings in the fast-growing segment of social networking sites have been outpaced by upstarts such as MySpace, now a unit of News Corp., and YouTube, acquired by Google (GOOG) earlier this year.
Giving more responsibility to Decker, who's well-regarded on Wall Street, and the departure of Rosensweig, who will leave at the end of March, may help Semel deflect calls by some for change at the top.
The moves are "very likely a necessary step that carries the potential for improved operational efficiencies at the company," Mahaney wrote in a note to clients.
Yahoo will begin a search for a new CFO to replace Decker and for an executive to head the Audience Group. The Technology Group will be led by Farzad Nazem, Chief Technology Officer at Yahoo since 1998. The heads of all three groups will report directly to Semel.
Still, the company is in for a tough fight to regain its footing against Google, it's chief rival.
Yahoo's sales for the third quarter ended in September rose 20% to $1.12 billion, falling short of its initial forecast on weaker-than-expected online ad sales. By contrast, Google's third-quarter sales rose 70% to $2.69 billion, and its shares have climbed almost 20% this year.
Decker will continue to oversee Yahoo's Marketplaces business unit as part of the Advertiser & Publisher Group, which will focus on the "transformation of how advertisers connect with their target customers across the Internet."
Yahoo said it expects to complete the reorganization by the end of the first quarter, with the leadership changes to be effective Jan. 1. Decker will continue to serve as CFO while the company looks for a successor.
Semel said Yahoo plans to drive growth and profitability by creating "a full-fledged advertising network, with a marketplace that meets supply and demand both on Yahoo's valuable owned-and-operated network and across the entire Internet."
Last month, in its third-quarter financial report, Yahoo noted that its offerings to users and businesses fell into four categories: search, marketplace, information and entertainment; and communications and connected life.
Frustrations:
Frustrations at Yahoo were recently made clear in a memo written by Yahoo senior vice president Brad Garlinghouse in November and circulated to key executives.
In the so-called "Peanut Butter Manifesto," Garlinghouse claimed Yahoo had a bloated management structure with little room for accountability and had spread its investments too thinly - like peanut butter across bread -- to be competitive.
Yahoo's business endeavors range from email to Internet search to online dating services and digital music.
"Change is needed, and it's needed soon," Garlinghouse wrote in the memo.
An afternoon meeting of the leadership of the media group that Braun oversees is planned for Wednesday, according to a person familiar with the situation. Among other efforts, Braun was able to get Yahoo to contribute original content to enhance its aggregated content.
Industry observers have said that Vince Broady or Scott Moore, who have reported to Braun, could be picked to take over for him. Earlier this year, Yahoo brought in GameSpot founder Broady to head the games and entertainment. Moore runs news, finance, technology, sports and lifestyle.
"Over the last two years, the Yahoo Media Group has developed and launched a ground-breaking template for the next generation of media experiences on the Internet," Braun said in a statement. "There is much more to come in the months ahead. I am proud to have led this team of extraordinary professionals, and I wish Yahoo the greatest success in the future."
Ben Charny is a MarketWatch reporter based in San Francisco.
Poor, poor YHOO..."woof-woof"...lol
Yahoo's Decker now on CEO track:
Analysis: But Wall Street not convinced she'll be enough...
By Ben Charny, MarketWatch
Last Update: 3:34 PM ET Dec 6, 2006
http://tinyurl.com/yf9wcj
SAN FRANCISCO (MarketWatch) - Susan Decker's star is rising at Yahoo Inc. But whether it will burn bright enough to reignite the company's growth is an open question.
Some on Wall Street are predicting that the executive shuffle and reorganization Yahoo unveiled late Tuesday has positioned Decker, the company's chief financial officer since 2000, as a likely candidate to replace Chief Executive Terry Semel if and when he steps aside.
The revamping will reduce the number of business units at the company and, with the imminent departure of Chief Operating Officer Dan Rosensweig, have Decker reporting directly to Semel.
Semel has faced mounting pressure both inside and outside the company this year after a series of missteps, and some on Wall Street have argued for new leadership at the Internet giant, whose sales and profit growth have been outpaced by that of rival Google Inc.
Decker will surrender her CFO post but take charge of nearly all of Yahoo's revenue-generating operations, including advertising, licensing and sales.
Yahoo's shares (YHOO) fell after the company announced the changes, however, and the market reaction suggests investors aren't confident that Decker's enhanced role will be enough to beat back the Google challenge.
"The remaining management team, with their media/finance background, still represents the wrong approach in an Internet battle that is steeped in technology," wrote Jeetil Patel, a Deutsche Bank analyst who rates Yahoo as a hold.
Patel isn't the only analyst who's argued for change at the top of Yahoo as it faces an online advertising market increasingly dominated by Google's Internet search model.
Google (GOOG) generates more revenue per search than does Yahoo, thanks to its sophisticated technology of matching search results with relevant ads. In the third quarter, Google's sales rose more than three times as fast as Yahoo's.
In July, Yahoo said it would delay the rollout of its new search-ad technology, dubbed Project Panama, which is just now being offered to large advertisers.
The company has also largely missed out on the rise of so-called social networking sites like YouTube - now owned by Google - and MySpace, whose visitor traffic is growing much faster than Yahoo's.
As CEO, Semel was blamed for the missteps, and the next six months or so could shape up as a test run for Decker to determine whether she has what it takes to ultimately replace him, according to Deutsche Bank analyst Justin Post.
"Sue Decker seems an increasingly likely candidate for the chief executive officer role," Post wrote in a note to clients Wednesday.
Decker was already considered a key member of Yahoo's executive team and has played a big role in shaping Yahoo's business strategies. Prior to her new role, she was also in charge of major Yahoo business units including its autos, classifieds and travel sections and its HotJobs employment site.
Prior to joining Yahoo, Decker served as global director of equity research for the investment bank Donaldson, Lufkin & Jenrette. She is currently a director at chipmaker Intel Corp. and retailer Costco Wholesale.
I'm sure glad I took my RBAK profits at 10:55am...
When it was at $15.62
It's now trading at $15.38
RBAK is UP .55 today UP 3.51%
AKAM is UP .75 today UP 1.52%
And the Nasdaq is down 8 points!...
I'm taking profits on both of them now...
I LOVE my two favorite stocks!!! ;^))
RBAK is UP .60-.70 in the pre-market today!...
It looks like the Market REALLY LIKED today's News Release...
Private-sector jobs rise 158,000, ADP says:
By Rex Nutting, MarketWatch
Last Update: 8:16 AM ET Dec 6, 2006
http://tinyurl.com/y3pfmm
WASHINGTON (MarketWatch) - Private employers in the United States created 158,000 net new jobs in November, according to the ADP employment index released Wednesday.
It's the largest gain in the ADP index since June's 368,000.
Together with an estimated 15,000 government jobs that aren't included in the ADP index, the report suggests nonfarm payrolls likely grew by about 170,000 in November.
The government nonfarm payroll report will be released Friday morning.
Analysts currently expect job growth of about 110,000 in November, according to a survey of economists conducted by MarketWatch.
In October, the ADP report showed 128,000 private-sector jobs, while the Labor Department's report found 58,000 in the private-sector and 92,000 total.
"These findings suggest a modest acceleration of employment in November, following three months during which, according to the ADP National Employment Report, gains in private nonfarm employment averaged a slower 104,000 per month," said Joel Prakken, chairman of Macroeconomic Advisers LLC, the economic firm that computes the ADP index from anonymous payroll data provided by Automatic Data Processing Inc. (ADP).
The ADP report is considered by some to be the best single predictor of the government's nonfarm payroll report, but its record has been spotty since being rolling out in public in April.
The ADP report got it wrong in June, when it forecast private-sector gains of 368,000, while the government report showed just 107,000 new jobs created in the private sector and an additional 27,000 government jobs.
The ADP sample is taken during the same week of the month as the government survey, using similar techniques on anonymous sample data from about 250,000 business sites covering about 17 million workers. Roseland, N.J.-based ADP provides payroll and human-resources services to about one of every six U.S. workers, at more than 500,000 companies.
The ADP index is constructed to mirror the government report in coverage of industries, firm size and region, Prakken said.
Rex Nutting is Washington bureau chief of MarketWatch.
News for 'RBAK' - (Redback Wins Next Phase of Large Carrier Deal in China A Guangdong Telecom to Serve Four Million Broadband Users Using Redback Equipment)
SAN JOSE, Calif., Dec 06, 2006 (BUSINESS WIRE) -- Redback Networks Inc.
(NASDAQ:RBAK), a leading provider of multi-service edge routers for next
generation broadband networks, today announced it has won the second phase of a
broadband network upgrade with largest provincial carrier in China. Guangdong
Telecom will use Redback's SmartEdge(R) family of multi-service edge routers to
deliver broadband internet, IPTV and virtual private network (VPN) services for
up to four million homes and businesses.
Today's announcement is one of the largest network upgrades that Redback will
help manage in China. Guangdong Telecom is the largest independently run
provincial carrier of China Telecom, which has an estimated 50+ million
customers. Guangdong Telecom contributes one-quarter of China Telecom's revenues
and one-third of China Telecom's profit. Guangdong Telecom is planning to grow
the broadband business more aggressively and double the number of broadband
subscribers in the next one or two years.
With more than 50 million broadband customers, China is Redback's second largest
market outside of the United States. In the last 18 months, Redback's
SmartEdge(R) multi-service edge routers have been deployed in 22 of the 32
provinces in China. For China Telecom, this includes provincial carriers in
Guangdong, Zhejiang, Fujian, Anhui, Hubei, Jiangxi, Yunnan, Shaanxi, Ningxia,
Heilongjiang and Tibet. For China Netcom, this includes similar deployments in
Shandong, Liaoning, Hebei, Heilongjiang, Jilin, Henan, Shanxi, Inner Mongolia,
Zhejiang, Chongqing and Yunnan.
"We thank Guangdong Telecom for selecting Redback," said Simon Williams, vice
president of sales and operations in Asia at Redback Networks. "Building out
broadband networks strengthens worldwide competitiveness, and we are pleased
that Guangdong Telecom leaders share Redback's vision of single IP network for
broadband data, voice and video services. Over time, we see a future where all
communications services will be managed in harmony under a single IP-based
broadband infrastructure."
Twelve of the top 20 DSL carriers worldwide deploy Redback's SmartEdge(R)
multi-service edge routers to deliver broadband services to tens of millions of
business and residential customers worldwide. These customers include British
Telecom, Belgacom, BellSouth, China Telecom, China Netcom, Chunghwa Telecom,
France Telecom, Korea Telecom and Turk Telecom, among others.
About Redback Networks:
Redback Networks Inc. 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.
REDBACK and SmartEdge are trademarks registered at the U.S. Patent and Trademark
Office and in other countries. NetOp is a trademark of Redback Networks Inc. All
other products or services mentioned are the trademark, service marks,
registered trademarks or registered service marks of their respective owners.
Note Regarding Forward-Looking Statements:
The statements contained in this press release that are not purely historical
are forward-looking statements within the meaning of Section 21E of the
Securities and Exchange Act of 1934, as amended. These statements include but
are not limited to statements regarding our expectations, beliefs, intentions or
strategies regarding the future and including, without limitation, statements
regarding China's expected deployment of broadband services and IPTV services;
the expectation that Guangdong Telecom will serve up to three million broadband
subscribers using Redback products; that carriers will support fewer networks
and migrate wireless and wire-line users to a single broadband infrastructure;
and the ability of Redback's products to help Guangdong Telecom and other
carriers deliver such services. All forward-looking statements included in this
document are based upon information available to us as of the date hereof, and
we assume no obligation to update any such forward-looking statements.
Forward-looking statements involve risks and uncertainties, which could cause
actual results to differ materially from those projected. These risks and
uncertainties relating to our business as set forth in the documents filed by
Redback Networks with the Securities and Exchange Commission (SEC), specifically
the most recent report on Form 10-K for the fiscal year ended December 31, 2005,
Form 10-Q for the quarter ended September 30, 2006, Forms 8-K, and amendments
thereto, and the other reports filed from time to time with the SEC.
SOURCE: Redback Networks Inc.
CONTACT: Redback NetworksDoug Wills, 408-750-5038 (Media)dwills@redback.comInvestor Relations, 408-750-5505investor_relations@redback.com
Copyright Business Wire 2006
U.S. Stocks Boosted by Economy News:
Markets act on muted inflation pressure, service-sector growth:
By Nick Godt, MarketWatch
Last Update: 4:40 PM ET Dec 5, 2006
http://tinyurl.com/y7kf67
NEW YORK (MarketWatch) -- U.S. stocks closed higher on Tuesday after data showed service-sector growth improving in November, while inflation was weaker than expected in the third quarter, fueling hopes of a soft landing for the U.S. economy.
The Dow Jones Industrial Average ($INDU) gained 47 points to close at 12,331, just off its intraday high of 12,335 and slightly below its all-time closing high of 12,342.
Coca Cola Co. (KO) was the biggest gainer among blue chips, rising 2.5% to $48, a 2 1/2-year high, after Merrill Lynch raised its price target on the stock to $51 from $48.
The S&P 500 Index ($SPX) rose 5 points to 1,414, and the Nasdaq Composite Index (COMP) gained 4 points to 2,452.
After a mixed opening, stocks turned positive after the Institute for Supply Management's survey of the service sector showed better than expected growth.
Last week, the ISM manufacturing survey showed that the sector had contracted in November, sparking fear of a so-called hard landing for the U.S. economy.
"We are a service-sector economy," said Paul Mendelsohn, chief investment strategist at Windham Financial Services.
"This supports the idea that we can avoid a recession," he said, although "the big number will be the [November] employment report on Friday."
Overall, the strategist believes that the market remains in the middle of a Santa Claus rally, which traditionally takes stocks higher through the end of the year.
Few money managers want to cash in their gains in December, as their clients would then have to pay taxes on them in April of next year. If they wait until Jan. 1, taxes on those gains won't have to be paid until April 2008.
"The market doesn't seem to care, even when we get bad economic data," Mendelsohn added. "I'm blown away by the power of this rally, in spite of the inverted yield curve and the economy deteriorating."
Earlier, the Labor Department said unit labor costs -- a key measure of inflationary pressure -- aren't rising as fast as previously thought.
Mildness in wage inflation, which is closely monitored by the Federal Reserve, should take pressure off the central bank to continue lifting rates.
Trading volume was 1.54 billion shares on the New York Stock Exchange and 2.05 billion on the Nasdaq.
Advancers beat decliners 20 to 11 on the Big Board and 15 to 14 on the Nasdaq.
By sector, semiconductors ($SOX) , multimedia networking ($GIP) and consumer-related issues ($CMR) were strong, while metal mining ($XAU) and oil-services stocks ($OSX) were weak.
On Monday, stocks shrugged off Pfizer Inc.'s (PFE) decision to halt development of a once-promising cholesterol drug, as a flurry of merger activity sent major indexes higher.
"I'm participating in this market, but the higher we go the worse the risk/reward ratio," said Mendelsohn. "This is a game of musical chairs. I'm telling clients that while it's good to maximize gains, make sure you have a chair and be ready to take money out quickly if things get a little iffy."
Coincidentally, Tuesday marked the 10-year anniversary of the now famous warning from Federal Reserve Chairman Alan Greenspan that markets, then in the midst of the technology bubble, were displaying "irrational exuberance."
The Dow Industrials dropped 55 points the next day but would then go on rallying for over three years before the tech bubble eventually burst.
In the latest economic expansion, the "bubble" formed in the housing market has begun to let out some air since the summer of 2005 and has only recently begun to impact the broader economy, while stocks have continued to rally.
Yahoo Reorganizing, COO Rosensweig to Leave:
By Ruth Mantell
Last Update: 9:00 PM ET Dec 5, 2006
http://tinyurl.com/yezclm
SAN FRANCISCO (MarketWatch) -- Yahoo Inc. (YHOO) Tuesday evening said it is reorganizing its structure in a move that will see the departure of Chief Operating Officer Dan Rosensweig at the end of March.
Also, Susan Decker, who has served as chief financial officer since 2000, will become the head of the Advertiser & Publisher Group, one of the three operating groups that will emerge from the reorganization.
The Internet company said its goal is to align operations with "key customer segments -- audiences, advertisers and publishers," and to more effectively leverage strengths "to capture future opportunities for growth."
Under the new structure, Yahoo will have two customer-focused groups, which will be the Audience Group and the Advertiser & Publisher Group, and a strengthened technology function led by Chief Technology Officer Farzad Nazem.
Yahoo said it expects to complete the reorganization by the end of the first quarter, and that Decker will continue to serve as CFO until a replacement is found.
Hi Pega...That was an interesting article...
Especially this line:
"I found it annoying," she said.
Too Funny!...I'll be she did...lol
Poor YHOO...It's still a "woof-woof" in my book:
Yahoo shares have lost nearly 30 percent since the start of the year, compared with a 17 percent rise for Google and a 13 percent gain for the Standard & Poor's 500 Index.
raggs...What I meant about SDRG...
Was that it's been in a real tight range over the last 3 months between 1.10-1.50
That kind of action hardly ever floats my boat...I like stocks that move .50-1.00 or more a DAY!...
Yes, it's finally breaking up out of this range...Does it have any more?...If it can break above 1.84 with really high volume, that would be another breakout, and yes it might even get to 2.00 this time...
The reason I wouldn't play this stock is the very low average daily volume of only about 200K shares traded each day...Any stock I play must have at least 5X that much...
re: AIDOE...For the last six months, it's range has been only two cents...Sure it's been in an uptrend since early October, but it's only up a penny from there...
If you're looking for some better plays, may I suggest you go to this board:
http://www.investorshub.com/boards/board.asp?board_id=4929
It's name is MOMO PLAYERS, and they play the really low priced stocks that have a lot of MOMO (Momentum)...I hang out there from time to time and MOMO is a good guy...They call out which stock is REALLY MOVING in real time and post their buys and sells at times...
Good Luck To ALL ;^))
Did you see SDRG will not give up!!! I almost sold but it looks like its going even higher. How does it look to you? Its on a second wave up from what I can tell now.
Also, are you really saying AIDOE has not been trending up since it hit bottom in October? Time to reboot your computer! (just kiddin with ya). I'm guessing if AIDOE stays on its current path it will be back in the .40 range in 5 months....maybe even sooner pending the company report that is due anytime now (hence the E at the end). ...........As for better plays! SURE but I'm expecting news for this stock to spike up anytime now... (its about the right time for this company)
Yahoo ad sales chief dismisses shakeup talk
Sales chief downplays earlier leaked memo that calls for company overhaul.
December 5 2006: 5:20 PM EST
NEW YORK (Reuters) -- Speculation over an internal shakeup at Yahoo Inc. exaggerated what is probably part of the normal evolution of a high-growth company, Yahoo's advertising sales chief said Tuesday.
An internal company memo made available to reporters last month detailed criticism by a Yahoo executive who called for a dramatic company overhaul and job cuts of up to 20 percent of its work force.
"It was pretty silly in terms of the noise that was made of it," Yahoo Chief Sales Officer Wenda Harris Millard said at a UBS global media conference here. "You could take Yahoo's name off that and put the name of any company you ever worked for on it."
"I found it annoying," she said.
The memo, dubbed "The Peanut Butter Manifesto" because it argued that Yahoo's investment strategy is spread too thin, followed disclosures by the company that parts of its advertising business were slowing. Yahoo also faces greater competition from Google Inc .
Yahoo shares closed up 2 percent Tuesday, or 54 cents, at $27.43 on Nasdaq, partly on investor hopes that the company was close to putting some of the missteps of the past year behind it, said Scott Devitt, an analyst at Stifel Nicolaus.
Devitt rates Google as "buy" and Yahoo as "hold." He cautioned that despite Yahoo's stock rise Tuesday, "I still think there is more bad news" to report.
Devitt was reluctant to comment on the "Peanut Butter" memo and the speculation it generated, but said Yahoo was a strong enough company not to require "drastic" management changes.
Millard said Yahoo continued to grow across its different advertiser categories, even if the rate of that growth was slower in some areas.
Yahoo, based in Sunnyvale, California, has nearly 10,000 employees worldwide.
Other companies vying for online ad dollars include msn.com (owned by Microsoft and Aol.com (owned by CNNMoney.com's owner TimeWarner.
Yahoo shares have lost nearly 30 percent since the start of the year, compared with a 17 percent rise for Google and a 13 percent gain for the Standard & Poor's 500 Index.
AIDOE hasn't moved hardly at all...
In the last six months...
There are better plays out there IMO...
Hi 'raggs'...re: TIII and SDIX:
TIII doesn't look so good right now...I'd leave it alone...
SDIX has been up for the last five sessions...It looks a lot better of the two plays...
Productivity revised higher to 0.2% in third quarter
Unit-labor costs show less inflationary pressure building:
By Rex Nutting, MarketWatch
Last Update: 9:07 AM ET Dec 5, 2006
http://tinyurl.com/vrk55
WASHINGTON (MarketWatch) -- Inflationary pressures stemming from higher wages are not building as fast as previously thought, Labor Department data released Tuesday show.
Unit-labor costs -- a key measure of inflationary pressures stemming from a tight labor market -- were revised much lower in both the second and third quarters, said the government. Instead of rising at a 5.3% pace in the past year, unit-labor costs in the nonfarm business sector were revised to a much-tamer 2.9% annual pace.
The Federal Reserve's chief worry about inflation was largely revised away. The Fed had been expressing concern that wage pressures were building, and that they'd inevitably feed into higher prices. The revised data show no trend toward higher wages.
The Fed is expected to keep its overnight interest-rate target at 5.25% at its meeting next week. Investors and analysts are looking for the Fed to cut rates in March or May, but Fed officials have expressed very little concern that economic growth is fading too much. They continue to maintain a party line that inflation -- not weak growth -- is the Fed's biggest worry.
Productivity in the nonfarm business sector rose at a 0.2% annual pace in the third quarter, revised from no gain previously reported. Economists had expected productivity to be revised to 0.4%
Unit-labor costs, meanwhile, were revised to a 2.3% annualized from 3.8% previously.
The revision to unit-labor costs in the second quarter was much more dramatic. Instead of a 5.4% increase, unit labor costs fell 2.4%. The revision was largely due to a downward revision in wages and salaries in the second quarter, as reported in last week's report on gross domestic product.
In the second quarter, real hourly compensation (that is, inflation-adjusted) fell at a 5.9% annual pace, rather than the 1.6% increase reported a month ago. In the third quarter, real hourly compensation fell 0.4%, revised from a 0.7% gain.
In the past year, productivity has risen at a 1.4% annual pace, still the slowest gain in nine years. Unit-labor costs have risen at a 2.9% annual pace, down from 3.1% in the four quarters ending in the second quarter. Real hourly compensation has risen 1% in the past year, down from 1.6% in the second quarter.
The report was even better in the nonfinancial sector, which some Fed officials say is a much better gauge of productivity and unit labor costs. In the nonfinancial sector, productivity rose 5.6% in the third quarter and is up 3.8% in the past year. Unit labor costs fell 2.7% in the third quarter and are up 0.5% in the past year. Real hourly compensation fell 0.1% in the third quarter and is up 0.9% in the past year.
Productivity, a concept that's simple in theory but elusive in practice, is output divided by hours worked. Productivity gains are the key to higher living standards, higher wages, increased profits and low inflation.
The economy had undergone a productivity boom in the past five years. After averaging about 2% in the post-war years, productivity gains have averaged 3.1% from 2000 to 2005. Unit labor costs had increased an average of 0.8% since 2000 through 2005.
Damn so many good buys out right now I don't have enough money to go around!!!!
What do you think about these two charts SDIX and TIII. TIII had a landslide and will probably make its way back up. SDIX is just a good company....
Also, AMHI is up 30% from its low. The bands are getting tight, the stock is down like over 70% for 52weeks..and its way oversold. Its a stock that truely got beat up...yet deserved the beating on the threat of an SB2 worth of dilution about a year ago (from what I can tell, the SB2 ended up not being very much relative to the company's earnings)..it just scared alot of investors since it is a penny after all, and pennies and SB2(s) do not jive in most cases. I'm not saying its a buy buy buy right now, but I do see a pattern setting up that could equal a run will be coming this way in the not too distant future. I have alot invested with this company so maybe I'm biased... after following this company for so long I do feel good news is on its way, and since the bottom appears to have been October 16th, I think we have more of a probability of a nice upside gain than downside loss over the next few months. Keep on eye on the volume, once the volume kicks in...both the insiders and pumpers are jumping in for the start of a nice ride up. It should go up fast.
nice powerpole! Hey, in response from a while back, I looked over AIDO, the company that you could not find that one time I asked for some chart confirmations (to see if they jive with what I see)...well AIDO delayed its reporting hence it got the E. AIDOE.... rumor has it that the E will be gone soon... I purchased more of AIDO(E) around .27ish. The charts still look good to me..E or no E. If AIDOE registers on your program, how does its chart look to you? I still feel its still a very strong buy and has plenty more upside.
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