Broker Talk: Happy Anniversary? Not Quite
Last Tuesday marked the one-year anniversary of the markets lowest point since the late 1990s, but it also marked a full year of market growth. On March 9, 2009, the U.S. stock market began a rally that led the S&P 500 up 68%. At the same time, the Dow Jones Industrial Average leapt 59%, while the Nasdaq Composite soared 79%. Even Greece, a country thats now beset by debt troubles, saw its stock market rise over the last year. (Since last March, Greeces stock market gained about 56% in U.S. dollar terms, or 46% in euros, as measured by the Athens Stock Exchanged General Index.) Still, despite these gains and the fact that various economic indicators have shown improvements in recent months, investors have already begun to pull back. Some brokers say the trend will continue for at least another full year. The Gist: Even as the U.S. economy seems to be stabilizing, the next year is not likely to be as prosperous as the past 12 months have been. [Read the full article]
Unique competitive strengths include a porous, silicon-wafer design and the ability to operate in anaerobic environments. We rate it as a highly speculative, potential growth story.
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Unique competitive strengths include a porous, silicon-wafer design and the ability to operate in anaerobic environments. We rate it as a highly speculative, potential growth story. [Read the full article]
CA Inc., the second-largest maker of software for mainframe computers, agreed on Mar. 10 to buy closely held Nimsoft Inc. for about $350 million to expand in cloud computing. The all-cash deal will probably cut net income by 10 cents a share in the year ending March 2011, Chief Financial Officer Nancy Cooper said on a conference call. Nimsoft’s products help customers monitor so-called cloud systems, which access computers, applications and data through the Internet.
In a Mar. 11 note, Turits said the purchase continues a string of “aggressive” acquisitions this fiscal year aimed at extending CA’s ability to monitor virtualized and service provider data center environments. [Read the full article]
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