Companies

  • 06 Sep 2006 at 10:34 AM
  • Companies

Spammy McSpamster

spam1.jpgYou only get one guess which company is sending Jeff Matthews monthly emails advertising “$1 shipping* This weekend only!” for bulky items like electronics and beds. The answer is revealed at the end of the post linked below but its worth reading the whole thing to see what some companies consider good marketing.
Hint: “personalizing” millions of monthly emails=spam.
This Weekend Only! And Next Weekend! And Next!… [JeffMatthewsIsNotMakingThisUp]

  • 15 Aug 2006 at 10:54 AM
  • Companies

File Under Bad Corporate Names: Barr Pharma

barrpharma.jpgFolks who own shares in Barr Pharmaceuticals—makers of the Plan B morning after pill—are doing pretty well this year. The stock has climbed on word that the pill is set to be approved by the FDA soonish. Nonetheless, we can’t help but smirk every time one of our trader friends refer to it by its unofficial nickname: BARF.
Barr Pharma [Company website]

  • 14 Aug 2006 at 9:21 AM
  • Companies

Fears of US Anti-Gambling Laws Over-Hyped?

That’s what the new blog, Capital Chronicles, says.

The bomb, the threat of US anti-gaming legislation, appears more Vanuatu than Iran-like. Not only is there too little legislative time in the Senate to read and pass the proposed bill but said bill was already being watered down. This speaks to the question is a huge gambling nation like the United States really going to put a moral “anti-scourge” law on the books?

So maybe new laws might not make it on the books. But if you run one of these companies, you might still want to avoid any layovers in the US.
PartyGaming plc & US anti-gaming legislation [Capital Chronicle, no permalinks]

  • 24 May 2006 at 8:45 AM
  • Companies

Bet Your Bottom Dollar

annie.jpgEddy Elfenbein draws attention to the Expeditors International of Washington, Inc (EXPD) 8-K which is full of what our grandmother would have called “sass.” Right from the start the filing sets the tone.

1. Is there an inherent difference in the requirements for ocean freight volumes that allows better resource utilization than when handling airfreight volumes?
This is one of those questions that we puzzled and puzzled over and we are still not sure we understand the question.

But our favorite was about whether salary and other expenses were sustainable. Expeditors answers, “‘Sustainable?’ Given enough time, the sun is not sustainable, however, we think it is a good bet that there will be daylight tomorrow.”
The Bitchiest 8-K Report [CrossingWallStreet]
Expeditors 8-K [Edgar]

  • 22 May 2006 at 10:56 AM
  • Companies

Updating Backdating

Backdating Chart.gif
Today’s Wall Street Journal points an accusatory finger at new batch of companies who awarded top executives stock option grants dated just ahead of a sharp rise in the company’s share price. Dealbreaker is happy to bring you the highlights.
First off, the following companies are the subject of today’s story: KLA-Tencor Corp., a leading semiconductor-equipment maker, Boston Communications Group Inc., a prepaid-wireless-technology provider, Renal Care Group Inc., a dialysis service company, chipmaker Trident Microsystems Inc, and telescope maker Meade Instruments Corp. Also mentioned in the article is aircraft interior manufacturer B/E Aerospace Inc., whose CEO reseigned from the board of Brooks Automation after options backdating there came to light.
Second, an answer to the question: what the big deal with backdating?

Read more »

  • 15 May 2006 at 4:16 PM
  • Companies

Ebay Wins Bid Before Supreme Court

Lower court judges should exercise discretion in deciding whether to grant injunctive relief in patent cases, the Supreme Court said in an important, unanimous decision today. The court overturned an earlier decision by the Federal Circuit Appeal Court which had held that injunctions stopping further patent infringement should always be granted in such cases.
Them’s the boring bits. The fun part of this case was the way it pit Big Tech—Ebay, Microsoft—against Big Pharama—like Pfizer and Johnson & Johnson.

Read more »

  • 04 Apr 2006 at 11:26 AM
  • Companies

The New Fortune 500 Is Here! The New Fortune 500 Is Here!

exxon.jpgFortune has released its annual Fortune 500 List and the top ten are:

1. Exxon Mobil
2. Wal-Mart Stores
3. General Motors
4. Chevron
5. Ford Motor
6. ConocoPhillips
7. General Electric
8. Citigroup
9. AIG
10. IBM

The next time anyone complains about Time Warner being too big and bloated, the correct response is “Exxon is bigger and bloated-er.”
We are, however, disappointed to see the military industrial complex so underrepresented. Sure, you have Boeing and United Technologies and Lockheed Martin and Raytheon, but we were hoping Halliburton would be at the top of the list. We’re really starting to lose faith in the military industrial complex…
Fortune 500 2006 [Fortune]

  • 29 Mar 2006 at 3:41 PM
  • Companies

Write-Offs: 03.29.06

$$$ Credit where credit’s due: we all have Overstock’s Patrick Byrne to thank for making conference calls fun again. But let’s face it: they’re even better when you record them and have them read by monkeys in wigs and sunglasses. (See also here and here.)
$$$ What’s the first result when you type “finance” into Google? Uh… Yahoo! Someone’s getting fiiiiiired. [via Going Private]
$$$ The 80,000 volt electric briefcase. Where the hell was this when we were dropping off piles of cash on behalf of Equatoguinean dictators in Dupont Circle for Riggs Bank in ’04? Now they tell us! [via BoingBoing]
$$$ The first rule of Hedge Fund Polo Club is that no one talks about Hedge Fund Polo Club.