Despite earlier this week announcing disappointing first-quarter results, Oracle Corp. (Nasdaq: ORCL) says it expects its second quarter will be stronger. However, many analysts are skeptical, as the company’s attempted takeover of Sun Microsystems Inc. (Nasdaq: JAVA) has not gone as smoothly as planned. Oracle reported revenue for the three months ended Aug. 31 fell […]
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Technology Article
Hot Stocks: Motorola Throws Hat Into Smartphone Ring
Motorola Inc. (NYSE: MOT) last Thursday charmed investors when it revealed its Cliq smartphone, which will compete head on with Apple Inc.'s (Nasdaq: AAPL) iPhone and Research in Motion Ltd.'s Blackberry. Motorola's stock is up nearly 12% since the announcement, as investors are hoping the new phone will be enough to win back some of […]
Intel’s Weak Outlook Drags on Tech Sector
By Jennifer Yousfi Managing Editor Despite “record” revenue in the fourth quarter of 2007, Intel Corp. (INTC) could not live up to analyst expectations, causing its share price to plummet. Santa Clara, Calif.-based Intel released a disappointing quarterly earnings report Tuesday, causing the shares to open yesterday (Wednesday) over 13% lower from the prior day’s […]
Global Memory Chip Leader SanDisk the Latest Heavyweight to Pursue Vietnam's Promise
By William Patalon III Executive Editor Money Morning/The Money Map Report SanDisk Corp. (SNDK), the world's No. 1 maker of memory-chips for data storage, is the latest global leader to focus on the Vietnam market, and this week announced plans to start selling its Sansa music player, USB flash drives and mobile phone cards to […]
Garmin Withdraws Tele Atlas Bid; May Become Takeover Target
By William Patalon III Managing Editor Money Morning/The Money Map Report Garmin Ltd. (GRMN), the largest U.S. maker of satellite-navigation devices, dropped its $3.4 billion bid for digital-mapmaker Tele Atlas NV (TLATF), handing victory in the strategic bidding battle to European rival TomTom NV. The strategic reversal by Garmin could put the George Town, Grand […]
GPS Leader Garmin Weighs Counterstrike in Crucial Battle For Digital Mapmaker Tele Atlas; Settles Patent Dispute With Rival TomTom
By William Patalon III Managing Editor Money Morning Garmin Ltd. (GRMN) yesterday (Thursday) said it is still reviewing its previously disclosed plans to make a cash offer to acquire digital mapmaker Tele Atlas NV (TLATF), which is also being pursued by Garmin's European rival, TomTom NV. TomTom currently has the upper hand. It recently boosted […]
Rio Sends BHP Packing; Shares Still Skyrocket 23%
By Mike Caggeso Associate Editor BHP Billiton Ltd. (BHP), the world's largest mining company, said it would continue pursuing its takeover of Rio Tinto PLC (RTP) after an undisclosed bid was rejected. Rio Tinto released a statement saying its board considered the proposal and "concluded that it significantly undervalues Rio Tinto and its prospects." In […]
TomTom Bangs Out Higher Bid For Mapmaker Tele Atlas
From Staff Reports TomTom NV, Europe's largest maker of navigation devices used in automobiles, has boosted its bid for digital-mapping company Tele Atlas NV (TLATF) by 41% to $4.2 billion, leapfrogging a competing $3.31 billion offer from Garmin Ltd. (GRMN), and significantly upping the ante in the bidding battle for the last independent computerized-cartography company. […]
Snapshot From India: Advice on Stocks, the Rupee, High Tech and Real Estate
Editor's Note: Our friend and colleague, Karim Rahumtulla, is an expert on investing in India. He's currently leading an investment research trip, taking in the country's hotspots, examining its rapidly emerging market, meeting with companies, and studying its investment potential. Here's his investment travelogue: After spending the last 29 hours on various airplanes and stuck […]
Garmin Takes 5% Stake in Tele Atlas, Company it is Pursuing in Hostile Bidding Battle
By William Patalon III Managing Editor Money Morning Garmin Ltd. (GRMN), the navigation device maker that’s locked in a bidding battle for digital mapmaker Tele Atlas NV (TLATF), has taken a 5.02% stake in that Dutch company, according to filings with the Dutch stock markets regulator AFM. AFM is The Netherlands’ version of the U.S. […]