Market News
Cardinal Health (CAH)
Benzinga is reporting that Zacks recently upgraded Cardinal Health to “Outperform" with a target price of $37 based on approximately 15.7x their fiscal 2011 EPS estimate of $2.36.
I like Cardinal Health. They have produced a ROE consistently in the teens over the past 10 years. Debt to Equity under 50%. Consistent dividends. Good, solid company. But, I am not comfortable with placing an almost 16 times earnings multiple on the company, especially using 2011 earnings.
Feb 10 · 12:47:00 PM · Source: Benzinga.com
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by Rich Pike
Medtronic (MDT)
Medtronic announced today it will report financial results for its third fiscal quarter on Tuesday, Feb. 23, 2010. The earnings news release will include summary financial information for Medtronic’s third quarter ended Jan. 29, 2010.
In November, 2009, Medtronic raised its fiscal 2010 earnings guidance to a range of $3.17 to $3.22 per share, up from prior guidance of $3.10 to $3.20 per share. The company also backed its goal of increasing sales by 5% to 8%, excluding the impact of foreign currency, for the second half of the fiscal year and beyond.
Feb 10 · 12:31:00 PM · Source: Company Press Release
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by Rich Pike
Interest Rates
Federal Reserve Chairman Ben Bernanke began Wednesday to outline the central bank's strategy, saying the Fed will likely start to tighten credit by boosting the interest rate it pays banks on money they leave at the central bank.
This strategy would raise rates tied to commercial banks' prime rate and affect many consumer loans. Companies and ordinary Americans would pay more to borrow.
Feb 10 · 11:37:00 AM
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by Larry Etter
Apple (AAPL)
Apple® today introduced Aperture™ 3, the next major release of its powerful photo editing and management software, with over 200 new features including Faces, Places and Brushes.
This builds on the Faces and Places features introduced in iPhoto® ’09
Feb 10 · 11:29:00 AM · Source: Company Press Release
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by Larry Etter
Intel (INTC)
Intel Corporation has introduced the Itanium® processor 9300 series, previously codenamed "Tukwila," which delivers more than double the performance of its predecessor, boosts scalability and adds reliability features to the Itanium platform that is already running mission-critical applications for 80 percent of the Global 100 corporations.
Intel says 80 percent of Global 100 companies have chosen Itanium®-based servers for their most demanding workloads so this helps its franchise there.
Feb 10 · 11:24:00 AM · Source: Company Press Release
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by Larry Etter
IBM (IBM)
IBM today announced it will make key parts of its software portfolio available in a cloud computing environment to more easily allow professors around the world to incorporate technology into their curricula. IBM brought together more than 200 academic and industry leaders at the conference to explore how best to integrate technology into all aspects of a college education.
IBM is working initially with 20 colleges and universities across the United States to help them use a new Academic Skills Cloud and will add additional schools over time.
Feb 10 · 11:19:00 AM · Source: Company Press Release
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by Larry Etter
HP (HPQ)
HP today unveiled a telecom solution that helps service providers better serve the millions of mobile customers who use the internet through high-speed LTE (long-term evolution) networks.
By creating a unified, in-depth view of each customer, this will helps service providers assemble an integrated picture of their customers’ profiles. With this knowledge, providers can enrich the applications they offer to drive customer satisfaction and new revenue through highly personalized mobile services.
Feb 10 · 11:16:00 AM · Source: Company Press Release
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by Larry Etter
Cisco (CSCO)
Cisco today announced that Coca-Cola Bottling Co., Salem
Hospital, ExamWorks, and University of Sydney have selected Cisco(R) Data Center 3.0 technology to optimize data center resources, simplify data center management, and reduce the total cost of ownership, while increasing business agility and productivity.
Feb 10 · 11:12:00 AM · Source: Company Press Release
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by Larry Etter
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