Goldman Sachs unveiled the latest shifts to its Technology Framework
Goldman made two changes on the list today.
Starent (STAR) was added to the top growth idea list, replacing Oracle (ORCL), which still remains Buy rated. Goldman notes that “channel checks suggest that Starent’s business is tracking well with Verizon and Sprint.” The company provides multimedia infrastructure […]
LoopNet, Inc. (LOOP), which operates the largest online commercial real estate marketplace, has been named “Company of the Year” for 2006 by the Entrepreneurs Foundation. The San Francisco Bay Area organization, was also mentioned for its outstanding commitment to community involvement. LoopNet is headquartered in San Francisco with additional office locations in Los Angeles and […]
According to Microsoft, United States gamers plunked down about $170 million on copies of “Halo 3″ on the first day after the Xbox 360 game went on sale. This gives Halo 3 the best debut in history. ”‘Halo 3′ has become a pop-culture phenomenon,” Shane Kim, corporate vice president of Microsoft Game Studios, said in a statement.
The initial demand […]
Master investor Warren Buffett may be considering buying a minority stake in the nation’s fifth-largest investment bank, according to a New York Times report.The newspaper reported on its Web site Wednesday that Bear Stearns Cos. had been talking with Buffett and several other possible investors, including Bank of America Corp., Wachovia Corp. and two Chinese […]
Amazon.com has introduced a digital-music store featuring songs without copyright-protection technology. This is a move that is directly aimed to challenge Apple online iTunes Store.
Consumers can buy individual songs or entire albums from the Amazon MP3 Store’s more than two million songs. They can burn the songs to CDs, play them on music players including Apple’s […]
EMC (EMC) shares are “severely undervalued,” Bank of America analyst Scott Craig said as he launched coverage of the company with a Buy rating and a $24 price target.
Craig writes that investors are valuing the core EMC business - that is, ex VMware (VMW) - at a high-single-digit P/E. Apply a multiple of 16-17 times, he […]
