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Barnes & Noble cashing in on college book biz, Investors tase Taser

Taser (TASR) is getting tased by investors to the tune of 13% after 4Q profits missed by a penny coming in at 9 cents a share. However revenue of $47 million came in ahead of estimates. The 40% gain in the stock over the past year left little room for any negative news. On a more positive note, if you read the papers you know law enforcement is beefing up on taser like products including body cameras and so called smart weapons. Today CEO Rick Smith reminded investors the company has 13 major cities using its products and they are in active discussions or trials with an additional 28.

Barnes and Noble (BKS) continues to bounce back from the abyss, shares are 6% higher, even though its backtracking on plans to spin-off its anemic Nook business. Instead the company plans to spin off its lucrative college bookstore unit from its retail and Nook operations. The spin from management is they want to take advantage of improving industry trends. Cutting through the spin, the word is shareholders were worried dismal holiday sales for the Nook would be the nail in the coffin for shedding the unit.

Shares of Avago (AVGO) are on the go go after the company crushed estimates and announced a purchase last night. Avago provides chips for Apple (AAPL) iPhones so I suppose its not a huge stunner that the company ended up posting a big quarter. The company earned $2.09, 15-cents ahead of expectations. The company is also moving into enterprise storage by purchasing Emulex (ELX) for $8 a share which works out to just over $600 million. Avago says it expects the Emulex purchase to be profitable immediately upon closing later this year. Avago shares are up a cool 107% over the last 52 weeks.

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