FA Notes Monday October 25, 2010
4:32 TXN – Texas Instruments reported Q3 earnings of 71c vs. 69c estimate and revenue of $3.74B vs. $3.69B estimate. The company guided Q4 earnings to 59-67c vs. 63c estimate and revenue to $3.36-3.64B vs. $3.51B estimate.
3:24 Large trucks in the U.S. must cut emissions by 20% by 2018. Link
2:08 Treasury TIPS sold at a negative yield. Link
12:05 SVNT – Auction process did not result in the sale of the company. Link
11:48 SNDK AAPL – Should Apple buy Sandisk? Link
10:46 The SP500 out-performs on Fed permanent open market operation days. Link
10:29 DBA – USDA says food inflation will accelerate to 2-3% in 2011. Link
10:00 September existing home sales 4.53M vs. 4.3M estimate, +10% m/m.
8:36 Ben Bernanke speech on housing. Link
7:57 ADBE AAPL – According to the Inquirer, Apple has decided not to pre-install Adobe Flash on their computers. Link
7:46 Goldman Sachs says the Fed may purchase up to $2 trillion of assets in QE2. Link
7:23 CTV – CommScope confirms it is in talks with The Carlyle Group to be taken private at $31.50/share in cash. Link
7:21 Patrick Degorce, ex-TCI co-founder, raises $700M for his new hedge-fund. Link
7:20 Blackrock likes copper and iron due to Chinese demand. Link
7:17 The Globe and Mail writes an interesting profile on Bill Gross of PIMCO. Link
7:13 RSH – Radioshack reported Q3 earnings of 37c vs. 35c estimate and revenue of $1.05B vs. $1.04B estimate.
7:12 SOHU – Sohu.com reported Q3 earnings of $1.16 vs. 90c estimate and revenue of $164.1M vs. $156.8M estimate. The company guided Q4 earnings to $1.10-1.15 vs. 95c estimate and revenue to $163-168 vs. $162.6M estimate.
6:49 NTDOY – Nintendo says Apple is a bigger threat than Microsoft. Link
6:46 SNE – Sony cuts the price of the PSPgo from $249 to $199. Link