Stock Market Briefs: Dell To Acquire Perot Systems, Wynn Resorts To IPO
By Zacks Investment Research on September 21, 2009 | More Posts By Zacks Investment Research | Author's Website
• Dell (DELL) revealed plans to acquire Perot Systems (PER) -founded my former U.S. Presidential candidate, Henry Ross Perot- for about $3.9 billion, or $30 per share in efforts to expand beyond its core computer business to include computer-services consulting.
• Wynn Resorts (WYNN) has responded to positive reactions to its plans for an initial public offering in Hong Kong of its Macau casino operations, increasing the size of proceeds to about $1.6 billion from $1 billion of a few weeks earlier.
• Credit Suisse (CS) lifted its rating on Novellus Systems (NVLS) to “outperform” from “neutral” with a price target of $29, up from $23.
• Lennar Corp (LEN) reported a 3rd quarter loss of 97 cents, including 76 cents in charges, versus estimates of a $0.48 cent loss, compared with a 56 cent loss last year.
• Synnex Corp (SNX) is scheduled to report earnings today, with an earnings consensus estimate of $0.61, respectively, compared with $0.66 the same quarter last year. Research in Motion (RIMM) results are also anticipated.
Dell To Acquire Exanet
Forex Trading: GBPUSD Moves Higher In Sympathy With Bailout Talk
Initiating Spherix: Outperform
CFSG Wins $92M Contract
Forex Trading: Eurozone Source On Wires Regarding Greece. EURUSD Moves Sharply Higher
Bernanke Hearing Postponed Due To Weather - 23 mins ago
Stocks Give Back Ground But Remain Mostly Higher - U.S. Commentary - 48 mins ago
Bay Street Rebounds Tuesday Morning - 1 hr ago
Wholesale Inventories Show Unexpected Decrease In December - 1 hr ago
Stocks Posting Strong Gains In Mid-Morning Trading - U.S. Commentary - 1 hr ago

