Market News
Jefferies Group, Inc. (JEF)
Jefferies Group, Inc. (NYSE: JEF) today announced record net revenues for the third quarter of $700 million, up 155% from the prior year. The company also recorded net income to common shareholders of $86 million, versus a loss of $31 million in the prior year
Net earnings per common share (diluted)were $0.42, which matches a record, versus a loss of $0.18 per share in the prior year.
Oct 20 · 10:17:00 AM · Source: Business Wire
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by Larry Etter
Voltaire Ltd. (VOLT)
Voltaire Ltd. (NASDAQ: VOLT), a leading provider of scale-out data center fabrics, today announced that Voltaire and IBM are expanding their strategic partnership whereby IBM is now selling Voltaire’s new 10 Gigabit Ethernet switches with IBM’s integrated System Cluster 1350 portfolio of products.
Voltaire says the addition of Voltaire’s scale-out Ethernet switches to IBM’s data center networking portfolio provides customers who are designing next generation, virtualized data centers and cloud environments, a complete solution that delivers efficiency, scalability and performance, at significantly reduced costs.
Oct 20 · 10:14:00 AM · Source: Business Wire · Related: IBM
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by Larry Etter
Cirrus Logic Inc. (CRUS)
Cirrus Logic, Inc. (Nasdaq: CRUS), a leader in high-precision analog and digital signal processing components, said second quarter revenue was $55.7 million compared to $53.3 million during the second quarter of fiscal year 2009 and $37.5 million in the previous quarter. Gross margin for the quarter was 52 percent, down from 56 percent in the quarter a year ago and flat compared to 52 percent reported for the previous quarter.
Net income was 6,764,000 in the quarter vs. 6,339,000 in the year-prior period.
Oct 20 · 10:10:00 AM · Source: Business Wire
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by Larry Etter
Quest Software Inc. (QSFT)
Quest Software, Inc. (Nasdaq: QSFT) today announced valuable updates to its SharePoint management products, Quest Recovery Manager and Quest Site Administrator for SharePoint.
Both products streamline SharePoint administration and recovery, and further protect user access.
Oct 20 · 9:53:00 AM · Source: Business Wire
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by Larry Etter
Texas Instruments (TXN)
Texas Instruments reported a third-quarter profit of $538 million, or 42 cents a share, compared with a profit of $563 million or 43 cents a share in the year-earlier period. Revenue fell to $2.9 billion from $3.4 billion. In the current quarter, TI said it expects revenue in the range of $2.78 billion to $3.02 billion, and earnings per share in the range of 42 cents to 50 cents.
In a statement, Chief Executive Rich Templeton said: "We are encouraged with the strong sequential increase in demand for our products over the past two quarters, as our customers are winding down their inventory corrections and have begun to increase production levels in their factories."
Oct 20 · 9:49:00 AM · Source: Market Watch
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by Rich Pike
UAL Corp. (UAUA)
United Airlines parent UAL Corp. reported a third quarter loss of $57 million, or 39 cents a share, compared to a loss of $792 million, or $6.62 a share, in the same period a year ago. Revenue fell 20% to $4.4 billion from $5.6 billion.
"Against a challenging environment, our people are delivering improvements across the business," said Glenn Tilton, chairman and chief executive. "With the work we have done and the strength of our network, we are poised to see better year-over-year unit revenue performance as economies begin to recover and business travel returns."
Oct 20 · 9:36:00 AM · Source: Market Watch
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by Rich Pike
Eastman Kodak (EK)
Eastman Kodak Company (NYSE: EK) today announced that, consistent with its prior announcement on September 18, 2009, the tender offer to purchase for cash up to $575 million aggregate principal amount of its outstanding 3.375% Convertible Senior Notes due 2033 (the “2033 Notes”) expired at 5:00 p.m. New York City time on October 19, 2009.
Oct 20 · 9:33:00 AM · Source: Business Wire
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by Larry Etter
eBay (EBAY)
Giving customers even more choice in how they pay online, eBay (Nasdaq:EBAY) and PayPal (Nasdaq:EBAY) now offer Bill Me Later as a payment option during checkout. With Bill Me Later, qualified eBay and PayPal customers in the U.S. can now manage their budgets more easily, buying items quickly and effortlessly and paying for them over time, without using a credit card.
On eBay, Bill Me Later will be available as a payment option for both Buy It Now and approved auction purchases. Qualified customers can also use Bill Me Later at tens of thousands of their favorite online merchants that accept PayPal Express Checkout
Oct 19 · 12:07:00 PM · Source: Business Wire
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by Larry Etter
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