The White House today is hosting Y! Finance Breakout's own Matt Nesto for a post-State of the Union discussion on jobs and the economy. He is joined by Dr. Alan Krueger, chairman of the president's Council of Economic Advisers.
On Wednesday at 2:30 p.m. ET, the White House will be hosting Y! Finance Breakout's own Matt Nesto for a post-State of the Union discussion on jobs and the economy. He will be joined by Dr. Alan Krueger, chairman of the Council of Economic Advisers. Submit questions on Twitter (#WHChat #SOTU and #YFinSOTU), Facebook or in the space below. Let your voice be heard! **
By Marek Fuchs
Cisco (CSCO) reports its second-quarter earnings after market close on Wednesday, and traders and analysts can hardly contain their excitement. The stock recently skipped through its 52-week high, hitting $21.27 in intraday trade on Tuesday, as analysts from Citigroup (C), Raymond James (RJF), Piper Jaffray (PJC) and more tumbled over each other to reaffirm their happy thoughts and raise expectations.
But is all the go-go energy warranted?
Perhaps. Cisco is obviously a great company with flush margins and mounds of cash. As is always the case with quality companies, we must avoid the temptation to simply hate them because they are beautiful. By the same token, however, the media and traders might be ignoring – or, at least, downplaying – two significant elements.
For one, Cisco is commonly dubbed “the bellwether for the technology sector” by The Wall Street Journal and other media outlets. Of course Cisco provides the routers and switches that provide architectural
Read More »from Cisco Earnings: 2 Key Things Investors Should KnowIf you're Michael Dell, you contend you're doing shareholders of your company a favor. If you're an investor in Dell (DELL), you may well feel like you're getting low-balled.
Dell's largest outside investor, Memphis-based Southeastern Asset Management, agrees with the latter position, saying it won't support the $13.65-a-share management-led buyout of the computer seller. Dell responded to that announcement by arguing that the plan to take the company private "offers an attractive and immediate premium for stockholders and shifts the risks facing the business to the buyer group." Southeastern doesn't remotely believe that.
It's problem isn't with an acquisition. It's that the firm thinks the takeover price needs to be substantially higher, about $10 a share higher, in fact. By the money manager's calculations, Dell is worth $23.72 a share.
The last time Dell, of Round Rock, Texas, traded there was six years ago, in February 2007. It's not been above $20 since 2008, and in the last 52
Read More »from Big Dell Investor Cries Foul, but Traders Don’t CareUsing an unusual global tax structure, Apple has held billions of dollars in profits in Irish subsidiaries to pay …
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