Tech fell so far at the start of the new millennium, it was difficult to imagine that the index could ever make up what it lost.
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Aging 2G network is a drag on wireless carrier's 4G LTE expansion.
The head of the Blue Chip Growth fund sees upside in PCs, smartphones and tablets.
Shares are attractive even amid economic uncertainty.
Kraft is downgraded to 'hold,' Express Scripts is upgraded to 'outperform,' and Altera is initiated with a 'reduce.'
Wednesday's noteworthy upgrades include:
The wireless network company could change on its own, but a buyout is also possible.
We were recently asked whether Alcatel-Lucent (ALU) could be a viable buyout candidate. Here's our assessment of the stock's outlook and its buyout potential.
Central to ALU's challenge is its high fixed cost structure. Current management has addressed that more effectively than what we saw previously, but there is still progress that needs to be made before ALU can realize the cost flexibility it needs to optimize its model.
As it rapidly loses ground to Facebook and Google, Yahoo is reportedly taking severe measures to restructure.
Thompson was brought in to shake things up at the hobbled search giant, which continues to lose ground to Google (GOOG) and Facebook in the battle for online advertising dollars. Yahoo is now the third most popular search engine, behind Google and Bing, and its revenues have declined for three straight years. Yahoo says it has not made any "final decisions" on layoffs, but analysts are already reading the tea leaves.
The iPad maker is expected to introduce an upgraded tablet computer, while the online video company meets with cable providers to discuss streaming opportunities.
Updated at 9 a.m. ET
Apple (AAPL) is expected to introduce an upgraded version of its iPad tablet Wednesday. The company is holding a media event at the Yerba Buena Center for the Arts in San Francisco, where it will likely launch the new iPad. It won't be called the iPad 3 but rather the iPad HD, as Apple highlights the device's high-definition screen, according to reports.
Netflix (NFLX) CEO Reed Hastings has been meeting with some of the largest U.S. cable companies to discuss adding the online movie streaming service to their cable offerings, Reuters reported, citing sources familiar with matter. The talks could lead to Netflix becoming available as another on-demand option for cable subscribers through their set-top boxes, according to three people familiar with the talks, Reuters said. A partnership with a cable company would help Netflix's compete with HBO, Reuters noted.
The satellite provider has plans to build a nationwide wireless network, but needs to clear some regulatory hurdles first.
Can Dish Network (DISH) make it as a wireless provider? The company hopes so. It's sitting on valuable wireless spectrum, and has ambitions to build a nationwide high-speed wireless network.
It's unclear whether the company intends to launch a full mobile-phone service. But after a speculated venture with T-Mobile and other rumored plans never came to fruition, Dish is now mulling at least a fresh wireless network of its own. It won't be easy. Federal regulators have decided to address the issue in formal deliberations that could last all year, The Wall Street Journal recently reported.
After months of feverish speculation, Apple is expected to unveil its latest gadget Wednesday, and critics worry it won't live up to the hype.
Apple hasn't specified what it will announce, but the new iPad is widely expected to be the focus of the day.
Later this year, Android smartphones will reportedly feature a robotic assistant that can talk its way through Gmail and Google Maps.
While Android devices can already handle voice commands (a dramatically undersold feature), the new project, simply dubbed "Assistant," would be integrated into apps and websites like Gmail and YouTube.
Google develops the Android software for use in smartphones made by Samsung, Motorola Mobility (MMI), HTC and other manufacturers.
Wendy's has launched a broad turnaround plan, which could pique the interest of private equity.
By Lawrence Meyers
There's no doubt that the market loves McDonald's (MCD). The company benefited from an economic downturn that drove more customers to low-cost meals, and it introduced a broadside attack on Starbucks (SBUX) with its wildly successful coffee line.
But there's just not much room in investors' hearts for the other fast-food brand, Wendy's (WEN). No matter how you slice the burger, Wendy's is outgunned by the clown. That doesn’t mean it can't survive in the market, but it is struggling.
The markets are down, but is this a temporary bump? We'll know more later this week.
With Greece's new bailout plan in jeopardy, intense selling pressure triggers a number of warning signals.
Stocks fell early and often Tuesday as the situation in the eurozone continued to deteriorate.
The Greek Bailout 2.0 plan is being jeopardized by weaker-than-expected participation in the country's debt swap offer and fears that its failure would result in €1 trillion in losses for European banks. Also adding to concerns is word that Ireland could require a second bailout package -- something that might not be forthcoming if the Irish reject a strict new fiscal austerity pact.
The result is what's set to be the worst market performance since December and the breaching of significant technical support levels. By all indications, the losses are just getting started.
Here's how you can profit from the emerging downtrend.
The online reviews site had a great first day of trading, but things have gone downhill since then.
The investor reaction put some wind back in the sails for tech IPOs. Forbes wondered if the IPO was priced too low; perhaps $20 to $22 would have been more appropriate.
But since then, shares of Yelp have fallen back to Earth.
The food company delivers better-than-expected second quarter earnings of 45 cents per share.
By Zacks Equity Research
United Natural Foods Inc. (UNFI) delivered better-than-expected second quarter 2012 earnings of 45 cents per share, exceeding the Zacks Consensus Estimate by a penny. The earnings also surpassed the prior-year earnings by 6 cents.
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Staying true to the theme observed throughout the week, the energy sector (-1.5%) tumbled out of the gate, thus dragging the broader market down with it. Once again, dollar strength and crude oil weakness contributed to sector's underperformance, but the ... More
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