Articles Written by:    ERIC SAVITZ     

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Ciena Reportedly Wins Bidding For Nortel Optical Assets

Ciena (CIEN) has reportedly won the bidding for Nortel’s optical networking and carrier ethernet business for $769 million, beating out an offer from Nokia Siemens Networks (NOK, SIE), according to Reuters, which cites simply “sources.” Ciena’s bid ...

From ERIC SAVITZ, Barron's Online,  23 Nov 2009

Did Murdoch Just Figure Out How To Save The Newspaper Industry?

News Corp. CEO Rupert Murdoch just may have stumbled onto a way to save the newspaper business. The story said the talks are in a very early stage, and might not result in a deal; a key issue is the price Microsoft would pay News Corp. to feature its ...

From ERIC SAVITZ, Barron's Online,  23 Nov 2009
Related Topics: News Corporation Limited,  Rupert Murdoch,  Microsoft Corporation,  New York Post

Overstock Violates Nasdaq Listing Rules

Overstock said the Nasdaq letter also indicated that the filing did not contain the certifications required under the Sarbanes-Oxley Act of 2002. The company said it now has 60 days to submit a plan to regain compliance; and it has until May 17 to ...

From ERIC SAVITZ, Barron's Online,  20 Nov 2009

Sprint: Moody’s Downgrades Debt On Weak Earnings Outlook

Moody’s today downgraded its corporate family rating on Sprint Nextel (S) to Ba2 from Ba1 “because the company’s ability to stem the deterioration of its earnings is taking longer than originally anticipated.” As a result, Moody’s added, “the company’s ...

From ERIC SAVITZ, Barron's Online,  20 Nov 2009
Related Topics: AT&T Inc.

Teslas Motors Reportedly Planning IPO

The company’s Roadster (pictured at right) sells for $109,000. Investors in Tesla include Daimler AG, Valor Equity Partners, Technology Partners, Draper Fisher Jurvetson, DBL, The Westly Group and Compass Venture Partners. Among the individual ...

From ERIC SAVITZ, Barron's Online,  20 Nov 2009
Related Topics: Daimler,  Elon Musk,  PayPal,  Jeff Skoll,  eBay Inc.

The Curious Case Of Netlist Inc.

Something very peculiar is going on with a small-cap storage products company called Netlist Inc. (NLST). A 100-person memory products company based in Irvine, California, Netlist had been bumping along in low-price, low-trading-volume obscurity until ...

From ERIC SAVITZ, Barron's Online,  20 Nov 2009

Synopsys: S&P Turns Bearish, See Tight Chip Sector Spending

Standard & Poor’s equity analyst Jim Yin today cut his rating on EDA software provider Synopsys (SNPS) from Sell from Hold, trimming his price target by a buck to $21. “Although the economy is improving, we think the recovery will be gradual,” he ...

From ERIC SAVITZ, Barron's Online,  20 Nov 2009
Related Topics: Synopsys, Inc.

RIMM: FTN Downgrades; Competitive Worries Spread

FTN Capital analyst Blaine Carroll today cut his rating on Research In Motion (RIMM) to Neutral from Buy, citing evidence that the company is losing market share in the U.S. smart phone market. Carroll’s downgrade is in connection with his latest ...

From ERIC SAVITZ, Barron's Online,  20 Nov 2009

Metro PCS Should Buy Leap, Pali Says

MetroPCS (PCS) should buy Leap Wireless (LEAP) in a stock swap, Pali Research analyst Walter Piecyk proposed in a research note today. Piecyk even proposes terms: he thinks MetroPCS should issue 3 of its shares for each LEAP share. “We believe that ...

From ERIC SAVITZ, Barron's Online,  20 Nov 2009
Related Topics: MetroPCS Communications Inc

The Dell Earnings Debacle: The Day After

Dell (DELL) shares have dropped 10% after yesterday’s highly disappointing earnings report for the fiscal third quarter ended October. As I noted yesterday, the company missed on both the revenue and EPS lines, posting results that suggest the company ...

From ERIC SAVITZ, Barron's Online,  20 Nov 2009
Related Topics: IBM,  Hewlett-Packard,  Apple, Inc.,  Perot Systems,  Wells Fargo

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