John Paczkowski in News on November 4, 2009 at 9:07 am PT
Looks like it’s going to be a very busy fall for Intel legal. This morning, New York Attorney General Andrew Cuomo filed a federal antitrust lawsuit against the company, alleging that it violated state and federal laws with a “systematic campaign” of illegal conduct.
John Paczkowski in News on April 7, 2009 at 8:51 am PT
Blockbuster in a Monday filing told the Securities and Exchange Commission what anyone who’s observed its fast-declining fortunes has known for some time now: The company isn’t sure it can stay in business much longer. In a PricewaterhouseCoopers assessment included as part of its latest 10-K, Blockbuster acknowledged that its financial situation raises “substantial doubt about the Company’s ability to continue as a going concern.”
John Paczkowski in News on March 6, 2009 at 11:15 am PT
Circuit City is powering down for the last time. With its shelves nearly empty after weeks of liquidation sales, the bankrupt consumer electronics chain will shutter its remaining stores on March 8–a bit earlier than originally planned.
Peter Kafka in Media on March 3, 2009 at 12:03 pm PT
The movie rental business is supposed to be recession-proof. That was true for Netflix, which posted great results at the end of 2008 and said this year would be even better. But that hasn’t panned out for Blockbuster, which is reportedly mulling a Chapter 11 bankruptcy protection filing. No confirmation from the company yet, but investors aren’t waiting around to find out: BBI shares are now less than a quarter a piece.
Voices
Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily in News on February 11, 2009 at 8:51 am PT
Best Buy shares are getting a boost this morning from a bullish note by Goldman Sachs analyst Matthew Fassler, who added the stock to his firm’s Conviction List. Fassler had upgraded the stock to a Buy rating in early January. He has a price target on the stock of $33.
Fassler expects the company to benefit from the demise of rival Circuit City.
Beth Callaghan in News on January 19, 2009 at 9:56 am PT
The Web never stops publishing, but a tech blog definitely slows down on a market holiday. To wit: A (Long) Weekend Update, and best wishes on Martin Luther King, Jr. day.
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Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily in News on January 16, 2009 at 3:58 pm PT
J.P. Morgan’s Imran Khan theorized in a research note this afternoon that Amazon.com could eventually be a beneficiary of the demise of Circuit City, which earlier today said it would close all of its remaining stores and liquidate. Khan thinks Amazon could inherit as much as half of Circuit City’s online business.
