Eman93
4,750 posts
msg #90962
- Ignore Eman93 |
4/9/2010 9:23:37 AM
PAL up in PM
JCP upgraded by GS target 37
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Eman93
4,750 posts
msg #90964
- Ignore Eman93 |
4/9/2010 9:28:02 AM
UNG up lots of volume
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mesayah
658 posts
msg #90965
- Ignore mesayah |
4/9/2010 9:51:15 AM
I have Ung. looking for $10 target.
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Eman93
4,750 posts
msg #90966
- Ignore Eman93 |
4/9/2010 10:01:07 AM
I just bought some UNG around 7.09 for a swing.
Done for the day..... good luck everyone!
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Eman93
4,750 posts
msg #90967
- Ignore Eman93 |
4/9/2010 10:05:47 AM
Watch LIWA making a nice move
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johnpaulca
12,036 posts
msg #90976
- Ignore johnpaulca |
4/9/2010 1:01:04 PM
TWM...long $19.25
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Eman93
4,750 posts
msg #91069
- Ignore Eman93 |
4/11/2010 11:51:56 PM
Palm Said to Put Itself Up for Sale; Bids May Come This Week
April 11, 2010, 11:01 PM EDT
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By Serena Saitto and Ari Levy
April 11 (Bloomberg) -- Palm Inc., creator of the Pre smartphone, put itself up for sale and is seeking bids for the company as early as this week, according to three people familiar with the situation.
The company is working with Goldman Sachs Group Inc. and Frank Quattrone’s Qatalyst Partners to find a buyer, said the people, who declined to be identified because the sale isn’t public. Taiwan’s HTC Corp. and China’s Lenovo Group Ltd. have looked at the company and may be potential bidders, said the people. Dell Inc. also looked at Palm, though it decided against an offer, according to two of the people.
Palm shares surged 32 percent last week on renewed speculation that the Sunnyvale, California-based company would get a takeover bid. Before the rally, the stock had plunged more than 60 percent this year, dragged down by disappointing sales of the Pre and Pixi phones. Chief Executive Officer Jon Rubinstein, who developed Palm’s latest operating system, was counting on the devices to attract customers and restore its status as an industry pioneer.
Palm, which has a market value of $870.8 million, could help its new owner vie with North American smartphone providers Apple Inc., maker of the iPhone, and Research In Motion Ltd., which sells the BlackBerry. Palm’s devices also compete with phones running Google Inc.’s Android software, and its patent holdings span mobile hardware, software and power-saving technologies.
Lynn Fox, a Palm spokeswoman, declined to comment. Qatalyst’s Sally Palmer and Goldman Sach’s Andrea Rachman didn’t immediately respond to requests for comment. Lenovo Chief Financial Officer Wong Wai Ming declined to confirm or deny the company’s interest in Palm, as did Chen Hui-Ming, the finance chief of HTC. Dell spokesman Jess Blackburn didn’t respond to a call for comment.
Palm rose 51 cents, or 11 percent, to $5.16 on April 9 in Nasdaq Stock Market trading.
Elevation’s Investment
For Elevation Partners, the investment firm that owns about 30 percent of Palm, a sale would cap a 16-month roller-coaster ride in which the shares surged more than 10-fold before erasing most of the gain.
After Palm introduced the Pre at the Consumer Electronics Show in January 2009, the stock jumped 80 percent in two days to $5.96. By September, the shares had climbed as high as $17.46. The stock then dropped 79 percent over the next six months as Palm’s sales growth was outpaced by marketing costs, and the company lost market share to Apple and Google.
--With assistance by Mark Lee in Hong Kong and Tim Culpan in Taipei. Editors: Nick Turner
To contact the reporters on this story: Serena Saitto in New York at ssaitto@bloomberg.net; Ari Levy in San Francisco at alevy5@bloomberg.net
To contact the editor responsible for this story: Tom Giles tgiles5@bloomberg.net
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Eman93
4,750 posts
msg #91070
- Ignore Eman93 |
4/11/2010 11:55:17 PM
Oil Rises
Oil rose for the first time in four days as the dollar fell after European governments offered debt-burdened Greece a rescue package and China increased crude imports to meet surging demand.
Oil advanced to $85.27 a barrel as the weaker dollar bolstered the appeal of commodities as an alternative investment.
“China is playing a key role in underpinning global demand for commodities, including crude,” said Toby Hassall, a research analyst at CWA Global Markets Pty in Sydney. “The Greek rescue plan, which is going to be driving the markets today, resolves a lot of the uncertainty. A weaker dollar is a supportive element for oil prices.”
Advancing stocks beat decliners by more than three to one on the MSCI Asia Pacific Index, where industrials and commodity producers rallied.. Japan’s Nikkei 225 Stock Average increased 1.1 percent, the biggest gain among major benchmarks in Asia.
BHP Billiton Ltd., the world’s largest mining company, gained 1.2 percent to A$44.41, Mitsubishi Corp., Japan’s largest commodities trader, climbed 2.1 percent to 2,493 yen.
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straken
469 posts
msg #91083
- Ignore straken |
4/12/2010 11:28:38 AM
Selling more AA (APR 15 calls @ .30)
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chetron
2,817 posts
msg #91084
- Ignore chetron |
4/12/2010 12:04:09 PM
AS FAR AS PALM GOES, WHO WANTS TO BUY A COMPANY THAT DOESN'T WANT TO OWN ITSELF????
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