by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
LinkedIn, the social-networking site for networking professionals, raised $22.7 million as an extension of a $53 million round of funding completed in June. The company has no debt, growing revenue, and a strong balance sheet. Its membership is growing at the rate of approximately two million members a month. Additional Information: 370 employees. 30 million people have recommended LinkedIn.
by Daniel Lyons, Writer, Techtonic Shifts, Newsweek
Eight months ago, Yahoo! CEO Jerry Yang had a chance to sell his company to Microsoft for $43 billion. He refused. Now Yahoo’s market value stands at $18 billion. This raises a question: Why is Jerry Yang still running this company?
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Solar stocks are trading sharply lower this morning after Goldman Sachs analyst Michael Molnar declared he has become cautious on the solar group, “as less generous subsidies combined with a wave of supply pose a real risk.”
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
American Tower (AMT) shares are on the rise after Goldman Sachs analyst Jason Armstrong upped his rating on the cellular tower operator to Buy from Neutral, adding the stock to the firm’s Conviction List with a $53 price target.
by Dan Frommer, Senior Editor, Silicon Alley Insider
Apple’s new iPhone 3G is supposedly twice as fast as the old one, and its new App Store opens up all kinds of neat new mobile Internet services like baseball video and free streaming radio.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
The Street is bracing for another grim quarter from Motorola (MOT) when the handset maker posts results on July 31.
Goldman Sachs’s Simona Jankowski this morning warned that the company is likely to miss consensus estimates for the quarter due to the continued weakness in its mobile devices business.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
It was a rough morning for eBay shares, which were down sharply following last night’s poorly received second-quarter earnings report. While revenues and earnings per share for the quarter beat expectations, third-quarter guidance disappointed the Street, and analysts were dismayed by weaker than expected gross merchandise value in the quarter.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Expressing caution on the software sector heading into second quarter earnings report, Goldman Sachs software analysts Sarah Friar, Sasa Zorovic, Derek Bingham and Frederick Grieb this morning chopped estimates on a host of software companies. They also cut their ratings on both Intuit (INTU) and Digital River (DRIV) to Sell from Neutral.
by Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily
Since September 2005, the Goldman Sachs tech analysts have been maintaining lists of their five favorite growth and value ideas, as well as their five least favorite stocks, aka, short ideas. Goldman refers to the lists collectively as its “Technology Investment Framework.”
Intel (INTC) has announced plans to spin-off some assets from its New Business Initiatives group into a new company to make and supply photovoltaic cells called SpectraWatt.
Intel Capital is leading a $50 million investment round in the new company, along with the Cogentrix Energy unit of Goldman Sachs, PCG Clean Energy and Technology Fund and Solon AG.
by Eric Savitz, Blogger and Columnist, Tech Trader Daily, Barron's
Amazon (AMZN) shares this morning are getting a boost from Goldman Sachs analyst James Mitchell, who added the stock to the firm’s Americas Conviction Buy List, and upped his price target to $98 from $75.
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