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Broadcom cracks 46. It seems the lessons of last year have been lost upon some. Ah well. Despite an outstanding performance by Ray Lewis last night (Titans stink it up again), I managed to yank out a win in Sandbox. 8-1…
Finance/Investments
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LUMT stock is in the crapper (even more so), and it makes me oddly happy. If it weren’t for the NASDAQ moratorium on minimum bid requirements, this puppy would already have been delisted.
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Why do companies bother pointing out in earnings press releases that their pro forma results topped analyst consensus estimates? I find it lame and desperate. Eddie George is quite possibly the worst 1st round draft pick I have made in my 5+ years playing FF.
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Whoops, I goofed on the BRCM call but not really. Read the wrong spreadsheet (FMKT) and came up with a too low number. BRCM nonetheless screwed the quarter with the enormous loss. FMKT announces Monday.
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So BRCM announces a $34M loss excluding charges. Naturally, these charges include $16M in restructuring and $1.18B to write off losses related to prior acquisitions. Looking at a $1.6B (!) net loss for the quarter, but that’s okay cuz the charges are largely non-cash… The execs repeated often in the conf call that this did … …
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Broadcom (BRCM) earnings out after market close. Analysts expect a $0.15/sh pro forma loss, which means pretty much nothing to me. I’m expecting a net loss of no less than $40M for the quarter.
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Lotta companies blaming their shortfalls on the WTC attack. The idea that this event triggered a recession is a load of crap. This country was in a recession well before Sep 11.
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EXDS files for chapter 11 bankruptcy. Pin-pon!
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Got sucker-punched by Rod Smith this weekend. Need a big game from SD tonight. And speaking of suckers… Goldman Sachs chief investment strategist Abby Joseph Cohen on Monday recommended that investors add more stocks to their portfolios because shares have become cheaper since last week’s declines.
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CVNS gets a new CFO. never a good sign IMO. Elsewhere on the consulting front, LUMT delisting could come 9/25.