Core biotech holding Amgen (AMGN) posts Q4 2009 and full year 2009 earnings after the market close on Monday.
25% of the companies in the U.S. S&P 500 report next week including Caterpillar (CAT), Conoco Phillips (COP), Chevron (CVX), Boeing (BA), AT&T (ATT) and Verizon (VZ).
Sunday, January 24, 2010
Planned stock sales by Google founders may further depress price
After Friday's closing bell, Google (GOOG) said co-founders Larry Page and Sergey Brin will each sell about 5 million shares under pre-arranged stock trading plans putting my holding in the frame once more.
Although the sale of the stock is likely to be spread over an extended period of time to minimize market impact. it may further knock sentiment on Monday after the disappointing reaction to Q4 earnings on Thursday. The co-founders hold about 57.7 million of Class B common shares, which represents around 18% of Google's capital stock.
Buy or sell of position to be reviewed Monday.
Strong results from disk drive makers look to strong PC market in 2010
Impressive Q4 results and a positive 2010 outlook from Seagate (STX) and Western Digital (WDC) last week support the prediction that this year will be strong for PC sales. It looks like the fundamentals for companies involved either in consumer or enterprise computer sales should do well this year. The Microsoft (MSFT) results due this week should be encouraging.
However, my holding in Micron Technology (MU) was hit hard last week finishing close to $9 despite this positive outlook on the markets in which it operates (DRAM chips). On Thursday, Rambus Inc. (RMBS), the chip-design company, announced a major legal settlement with South Korea's Samsung Electronics. In the deal, Samsung (SSNHY) will pay Rambus $700 million over five years, and purchase $200 million of Rambus stock. Samsung, Micron and Hynix Semiconductor Inc that had been engaged in five and a half year litigation with Rambus over price fixing allegations. This leaves Micron potentially more exposed to a pay out after the Samsung settlement out of court.
However, my holding in Micron Technology (MU) was hit hard last week finishing close to $9 despite this positive outlook on the markets in which it operates (DRAM chips). On Thursday, Rambus Inc. (RMBS), the chip-design company, announced a major legal settlement with South Korea's Samsung Electronics. In the deal, Samsung (SSNHY) will pay Rambus $700 million over five years, and purchase $200 million of Rambus stock. Samsung, Micron and Hynix Semiconductor Inc that had been engaged in five and a half year litigation with Rambus over price fixing allegations. This leaves Micron potentially more exposed to a pay out after the Samsung settlement out of court.
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