Month: November 2011

Oracle Corp. ( ORCL ) recently launched Solaris 11, which is claimed to be the first operating system completely dedicated to cloud computing. The updated version of Solaris has been specifically designed to address the security, performance and scalability needs of all types of cloud, vis-à-vis private, public or hybrid. […]

Telecom services provider Cincinnati Bell Inc. ( CBB ) launched two new Blackberry 4G smartphones, BlackBerry Bold 9900 and BlackBerry Torch 9860. […]

We have upgraded Myriad Genetics ( MYGN ) to Outperform with a target price of $24.00. Myriad reported another strong quarter with a 20% jump in total revenues to $110.5 million based on a 13% growth in Molecular diagnostics revenue to $104 million. While pricing contributed 1.5% to the growth, the remaining 11.5% came from an increase in sample volumes […]

Motorola Solutions Inc . ( MSI ), a leading communications equipment manufacturer, declared excellent third quarter 2011 financial results, beating both the top and bottom line expectations. The solid performance was mainly on the back of solid demand across both Government and Enterprise segments […]

Chesapeake Energy Corporation ( CHK ) announced the initial public offering (IPO) of its oil and gas assets in western Oklahoma at $19.00 per common unit. The company plans to sell 20 million units. Approved by the New York Stock Exchange, the shares will trade under the symbol of "CHKR". […]

We are maintaining our Neutral recommendation on Ardea Biosciences Inc. ( RDEA ) with a target price of $20.00. Ardea Biosciences, headquartered in San Diego, California, primarily develops small-molecule therapeutics for treating serious diseases such as gout and cancer. […]

Leading dental laser maker BIOLASE Technology ( BLTI ) has clinched regulatory approval in South Korea to market its new WaterLase iPlus all-tissue dental laser across the Northeast Asian nation. South Korea, with an estimated 25,000 licensed dentists and 16,000 dental clinics, represents a lucrative market for WaterLase iPlus. […]

Nature seems to be wreaking vengeance on technology this year. The floods in Thailand have hit the technology sector hard, even before it could fully recuperate from the catastrophic earthquake in Japan back in March. The ensuing supply breakdown is now feared to show up again […]

Fidelity National Information Services Inc ( FIS ) recently announced a partnership with Bridgeport, Connecticut-based People's United Bank, a subsidiary of People's United Financial, Inc. People's United Bank boasts a wide network of 375 branches and provides commercial and retail banking, and wealth management services in Connecticut, Massachusetts, Vermont, New York, New Hampshire and Maine. […]

The Dow Chemical Company ( DOW ) sold $2 billion in new 10 and 30 year bonds. The 10 year bond for $1.25 billion is due in 2021 and is priced at 2.15 percentage points over comparable government debt to yield 4.174%. However, the 30 year bond for $750 million is due in 2041 and is priced at 2.20 percentage points over Treasurys to yield 5.259%. […]

ExxonMobil Corporation ( XOM ), in a controversial move, has inked a deal with Kurdistan Regional Government (KRG) to search for oil and gas in its resource-rich semi-autonomous region, according to a report. Per the deal, ExxonMobil will explore hydrocarbons in the six blocks within the region. Iraq’s central government has been made aware of this move […]