Wall Street slipped after an early-morning advance, driving stocks down; TNL surged 6%.
Today’s Stock Alerts include: Google Inc. (Nasdaq: GOOG), NVIDIA Corp. (Nasdaq: NVDA), Pfizer Inc. (NYSE: PFE), YRC Worldwide Inc. (Nasdaq: YRCW), News Corp. (Nasdaq: NWSA) and Technitrol Inc. (NYSE: TNL).
Google Inc. (Nasdaq: GOOG) Stock Alert – Acer Offers ‘Netbook’ Buyers Google’s Android
Google Inc. (Nasdaq: GOOG) shares slipped .43% to $426.89 in today’s early trading. The Associated Press reported “netbook” computers made by Acer Inc. will now offer Google’s new operating system, Android, as well as Microsoft’s Windows, giving buyers of DOS machines a choice of operating systems outside of the Windows/Linux hold.
Android’s break into the operating system market is greatly boosted by the decision of the world’s third-largest PC maker to promote the clear choice between Google and Microsoft.
Android is already freely distributed by Google for mobile phones, giving sellers and consumers a cheaper alternative to Windows, Acer executive Jim Wong said at the Computex computer show in Taiwan. Wong also cited Android’s fast boot-up time as a positive feature.
Primarily made for the Internet, notebook computers were initially sold with another free operating system, Linux, because Microsoft’s Vista was too clunky and expensive for the inexpensive small laptop market. Microsoft responded by licensing its older version of Windows XP at a much lower price.
Microsoft’s next release, Windows 7, is designed to operate desktops, laptops and notebooks. Several PC makers demonstrated its future models using Windows 7, including AsusTek Computer of Taiwan.
Google maintains an index of Web sites and other online content, and makes this information freely available through its search engine to anyone with an Internet connection. The company’s automated search technology helps people obtain nearly instant access to relevant information from its online index.
The company generates revenue primarily by delivering online advertising. Businesses use its AdWords program to promote their products and services with targeted advertising.
In March 2008, the company acquired Click Holding Corp. (DoubleClick), a company that offers online ad serving and management services to advertisers, ad agencies and Web site publishers.
In August 2008, the company sold the search marketing business of Performics, a division of DoubleClick.
In September 2008, Google Inc. bought Korea-based blogging software developer Tatter and Company.
In its recent chart, GOOG is trading above its higher Bollinger Bands range, a bullish condition signaling that the stock is strong relative to the recent price action. MACD reflects a bullish signal, with the indicator trending above its 9-day moving average signal line, indicating upwardly trending moving averages.
NVIDIA Corp. (Nasdaq: NVDA) Stock Alert – NVIDIA: U.S. Patent Office Rejects Rambus Claims
NVIDIA Corp. (Nasdaq: NVDA) shares dropped 4.70% to $10.34 in today’s early trading. The Associated Press (AP) reported Tuesday the U.S. Patent and Trademark Office has dismissed 41 claims made by semiconductor technology company Rambus against the chip maker NVIDIA Corp., in a non-binding decision with the International Trade Commission, where Rambus initiated the complaint in November, said Hector Marinez, spokesman for NVIDIA.
The Santa Clara, Calif.-based company said the decision to dismiss claims brought by Rambus covers seven patents relating to graphic processors and similar chips. NVIDIA now awaits the ruling from the patent office regarding two additional patents. The ruling is expected within 60 days.
In a statement, Rambus said the claims presented by NVIDIA “are without merit.” Rambus plans to respond to the patent office within the scheduled time, said AP.
NVIDIA is a provider of visual computing technologies and the inventor of the graphic processing unit (GPU), a processor, which generates graphics on workstations, personal computers, game consoles and mobile devices.
The company’s products are designed to generate realistic, interactive graphics on consumer and professional computing devices. It serves the entertainment and consumer market with its GeForce graphics products, the professional design and visualization market with its Quadro graphics products, the computing market with its Tesla computing solutions products, and the handheld computing market with its Tegra computer-on-a-chip products.
It has four product-line segments: the GPU Business, the professional solutions business (PSB), the media and communications processor (MCP) business, and the consumer products business (CPB).
On February 10, 2008, NVIDIA acquired Ageia Technologies Inc.
In its recent chart, NVDA is trading at its higher Bollinger Bands range, a bullish condition signaling that the stock is strong relative to the recent price action. MACD reflects a bullish signal, with the indicator trending above its 9-day moving average signal line, indicating upwardly trending moving averages.
Pfizer Inc. (NYSE: PFE) Stock Alert – Pfizer announces Treatment and Support Plan For Patients Suffering from Overactive Bladders
Shares of Pfizer Inc. (NYSE: PFE) slipped 1.67% in today’s early trading, moving to $14.73. The company recently announced in a news release the company’s new drug Toviaz(TM) and YourWay(TM), a customizable support plan for patients suffering from overactive bladders, are available in the United States. Toviaz was developed for patients with symptoms of an overactive bladder, including sudden urges to urinate, frequent trips to the bathroom, and wetting accidents. The once-daily prescription drug calms the bladder muscle which causes the sudden urge to urinate, the company said.
Pfizer states an estimated 33 million Americans suffer from an overactive bladder, with many untreated due to the embarrassment of discussing the problem with physicians. The afflicted, instead, resort to planned “escape routes” to restrooms in public places, delaying treatment for some time, the company said.
“Given Pfizer’s long heritage in the overactive bladder market with Detrol and Detrol LA, we understand that experiences and challenges with overactive bladder differ from patient to patient,” Olivier Brandicourt, president and general manager of Pfizer’s Primary Care Business Unit stated in the press release. “To help address these challenges for both physicians and patients, Pfizer is proud to introduce Toviaz, which offers the flexibility of two efficacious doses to treat patients based on individual need, plus the innovative YourWay program.”
Pfizer’s YourWay plan is free and specifically designed to aid physicians with their patients’ education about the condition and treatment. TheYourWay plan includes four components developed in collaboration with behavioral change experts and patient education and communication professionals. The components include making informed diet choices; bladder training techniques; tracking progress on the plan; and learning the expectations most likely derived from the treatment with Toviaz and the YourWay plan.
Pfizer is a research-based, global pharmaceutical company. The company discovers, develops, manufactures and markets prescription medicines for humans and animals.
It operates in two business segments: Pharmaceutical and Animal Health. Pfizer also operates several other businesses, including the manufacture of gelatin capsules, contract manufacturing and bulk pharmaceutical chemicals.
In June 2008, Pfizer completed the acquisition of all remaining outstanding shares of common stock of Encysive Pharmaceuticals, Inc. through a merger of Pfizer’s wholly owned subsidiary, Explorer Acquisition Corp., with and into Encysive.
In June 2008, it also completed the acquisition of Serenex, Inc., a biotechnology company with a Heat Shock Protein 90 development portfolio.
In January 2008, the company completed the acquisition of Coley Pharmaceutical Group, Inc., a company whose area of capability is immunotherapy with emphasis on Toll-like receptor research and development.
In its recent chart, PFE is trading at its higher Bollinger Bands range, a bullish condition signaling that the stock is strong relative to the recent price action. MACD reflects a bearish signal, with the indicator trending below its 9-day moving average signal line, indicating downwardly trending moving averages.
YRC Worldwide Inc. (Nasdaq: YRCW) Stock Alert – YRC Worldwide Shakes up Executive Team
Shares of YRC Worldwide Inc. (Nasdaq: YRCW) fell 5.61% to $2.69 in today’s early trading. In a news release, YRC Worldwide announced major and sweeping changes to its executive ranks. The Overland-Park, Kan.-based company announced the following executives will leave the company by June 30. They include: former president of YRC Regional Transportation, Keith Lovetro; former executive vice president and chief information officer, Michael Rapken; former president of YRC Logistics, Jim Ritchie; and former vice president and treasurer, Christina Wise.
Additionally, YRC announced the following appointments, effective immediately:
-John Garcia, executive vice president and chief sales officer. Garcia was president of Overland Park-based Sprint Nextel Corp.’s largest wireless business unit and chief marketing officer for Sprint.
-Mike Smid, YRC Inc. president and chief executive officer
-Tim Wicks, executive vice president and chief financial officer
-Sheila Taylor, vice president of finance and investor relations
-Greg Reid, executive vice president and chief marketing officer
-Mike Naatz, executive vice president and chief information and service officer
-John Carr assumes the role of president for YRC Logistics
Excluding Taylor, all executives report to YRC chairman and CEO Bill Zollars. YRC said the changes in the executive team strengthens its “focus on critical areas to streamline decision-making while eliminating redundant efforts and costs.”
“Today’s announcement is a significant, strategic step as we take advantage of the full power of YRC Worldwide,” CEO Zollars said. “A functional organization structure allows us to dedicate an even broader team of seasoned experts to the support of our customers along all lines of our business — clearly a competitive advantage.”
YRC is a holding company, through its wholly owned operating subsidiaries offers the customers a range of transportation services.
The company’s operating subsidiaries includes YRC National Transportation (National Transportation), YRC Regional Transportation (Regional Transportation), YRC Logistics, and YRC Truckload (Truckload). National Transportation is the reporting unit for the transportation service providers focused on business opportunities in regional, national, and international services. Regional Transportation is the reporting unit for the transportation service providers focused on business opportunities in the regional and next-day delivery markets. YRC Logistics plans and coordinates the movement of goods worldwide to provide customers a single source for logistics management solutions. Truckload reflects the results of Glen Moore, a provider of truckload services throughout the United States.
In its recent chart, YRCW is trading at its lower Bollinger Bands range, a bearish condition signaling that the stock is weak relative to the recent price action. MACD reflects a bearish signal, with the indicator trending below its 9-day moving average signal line, indicating downwardly trending moving averages.
News Corp. (Nasdaq: NWSA) Stock Alert – News Corp. Outperforms Nasdaq Nearly 2:1 since March Lows
The rebound in news provider News Corp. (Nasdaq: NWSA) has outperformed the major averages during the current stock rally beginning March 10, bettering the Nasdaq on the way up from the bottom in stocks reached in early March. In today’s early trading, shares of News Corp. fell 3.30% to $10.26.
Since the March 9 closing low of 1,268.64, the Nasdaq has risen 44.8%, settling on Tuesday at 1,836.80, while NWSA has risen 84.4% from its March 9 low of $4.99 to close Tuesday at $9.20, handily outperforming the Nasdaq during this time period.
News Corp. is a diversified entertainment company with operations in eight industry segments, including Filmed Entertainment, Television, Cable Network Programming, Direct Broadcast Satellite Television, Magazines and Inserts, Newspapers and Information Services, Book Publishing and Other.
The activities of News Corp. are conducted principally in the United States, the United Kingdom, Continental Europe, Australia, Asia and the Pacific Basin. Through its subsidiaries, it is engaged in the operation of broadcast television stations, and the development, production and distribution of network and television programming.
The company engages in the direct broadcast satellite business through its subsidiary, SKY Italia. It also owns interests in BSkyB and Premiere, which are engaged in the direct broadcast satellite business.
In October 2008, the company took full ownership of mobile content provider Jamba by buying VeriSign, Inc.’s 49% stake.
In its recent chart, NWSA is trading above its higher Bollinger Bands range, a bullish condition signaling that the stock is strong relative to the recent price action. MACD reflects a bullish signal, with the indicator trending above its 9-day moving average signal line, indicating upwardly trending moving averages.
Technitrol Inc. (NYSE: TNL) Stock Alert – Technitrol Sells Assets to Reduce Debt Loads; Negotiates with Other Creditors for Additional Asset Sales Opportunities
Technitrol Inc. (NYSE: TNL) surged 6.16% to $5.34 in today’s early trading. The company recently announced its deal to sell part of the company’s components business to private equity fund Altor Fund III for approximately $200 million in an all-cash transaction, reported the Associated Press. Proceeds from the sale will be used to retire some of Technitrol’s debt.
The Trevose, Penn-based company said the sale will cut interest payments of approximately $2 million, immediately improving the company’s debt-to-EBITDA ratio which is widely used as an important ratio in debt agreements.
Technitrol added that it has negotiated with creditors altered terms to present convenants, allowing for further sales and reductions of debt.
Shares of TNL closed up $1.52, or 43.3%, to close at $5.03 on better-than-average volume.
Technitrol Inc. is a global producer of precision-engineered electronic components and electrical contact products and materials. Its electronic components are used in virtually all types of electronic products to manage and regulate electronic signals and power. Its electrical contact products and materials are used in any device, in which the continuation or interruption of electrical currents is necessary.
The company operates its business in two segments: Electronic Components and Electrical Contact Products.
On February 28, 2008, the company acquired Sonion A/S (Sonion).
In its recent chart, TNL is trading above its higher Bollinger Bands range, a bullish condition signaling that the stock is strong relative to the recent price action. MACD reflects a bullish signal, with the indicator trending above its 9-day moving average signal line, indicating upwardly trending moving averages.
InvestorSoup.com Research Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT OR WEB SITE. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice.
The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Our newsletter and Web site have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.
Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.
InvestorSoup.com is a Web site wholly owned by BlueWave Advisors, LLC. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. BlueWave Advisors LLC, its principal and/or its affiliates will hold positions in the company profiled and may buy or sell securities at any time without notice.
Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.
We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.
To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).
We encourage you to invest carefully and read investment information available at the Web sites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.