Bookham (BKHM) announced its fiscal Q4 results recently. Although there was nothing encouraging in the release per se, the bigger news was the prospective combination of it and Avanex (AVNX). Note that Avanex attempted a merger with Oplink (OPLK, Hold) back in 2002, which didn't go through because the Boards of the companies couldn't come to terms. This time around, the Boards of Directors of both BKHM and AVNX have agreed to a merger. Question is: Is it going to be synergistically incremental to the merged entity in terms of[More...]

Late on Thursday, media and entertainment company, Walt Disney Co. (NYSE: DIS) announced that its fourth fiscal quarter profit fell 13% to $760 million, or 40 cents a share[More...]

Dell, Inc. (DELL) posted better-than-expected revenue for the second quarter of fiscal 2009 as aggressive pricing that helped drive unit sales. On a positive note, it does appear that price cuts were successful in taking some share, and operating expense reductions are ahead of expectations. On August 28, Dell released results for the second quarter of fiscal year 2009, ended August 1, 2008. Revenue for the quarter was $16,434 million in the quarter, ahead of our $15,958 million estimate and 11.2% above the $14,776 million reported in the second quarter of fiscal 2008. However, we are concerned that Dell is returning to a period of strong share gains over profits. We therefore maintain a Hold rating on DELL shares and cut our six-month price target to $20.50. At the beginning of fiscal year 2008, Dell announced five[More...]

A number of positive trends and developments make us optimistic about blood-testing products maker Immucor, Inc.'s (BLUD) growth. Gross margins are expected to regain momentum from the eventual growth in reagent sales, manufacturing efficiencies, and price increases. The additional worldwide placements of Galileo (a walk-away instrument... [More...]

The only thi [More...]