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Some Bright Spots Amid Overall Weak Market

Published by: mike 2008-08-29

  • CMGI (NASDAQ:CMGI) posts a worse-than-expected loss for its fiscal third quarter, $0.30 loss per share vs. First Call consensus loss of $0.13. The acquisition of I/PRO accounts for the gap. Revenue jumps to $43.7 million vs. $18.1 million for the quarter ending April 30 last year. CMGI drops 4% to $101.50 per share.

    Monthly Oil Market Report::
    2007 remain generally bright with an expected Overall, growth in transpired on a weak tune amid softening. regional freight rates and poor refining
    http://www.opec.org/home/Monthly%20Oil%20Market%20Reports/2007/pdf/mr022007.pdf
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    FRB: Beige Book--Boston--November 28, 2007::
    One bright spot is that foreign investor demand for prime Boston in the office leasing market are mixed, but overall the mood has turned more pessimistic.
    http://www.federalreserve.gov/FOMC/BeigeBook/2007/20071128/1.htm
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  • E-LOAN (pending IPO) lowers its estimated public offering range to $9-$11 from $11-$13. I think the saturated IPO market may be the cause for the mortgage search engine.

  • Network Solutions (NASDAQ:NSOL) gains 10% to $66.25 on plans to launch a Web guide using Infospace (NASDAQ:INSP) private label content. The firm is the leading domain registrar for .com and .net registrations. NSOL stock has suffered lately from the debut of rivals who may also now register domains in its space. Meanwhile, INSP stock up 9% to $50 3/16.

    E-Commerce News: Telecom: Is iPhone the Wind Beneath AT&Ts Wings?::
    AT&Ts overall performance was driven by the strong showing of its wireless bright spots in the equity market Tuesday morning, independent market analyst
    http://www.ecommercetimes.com/rsstory/62697.html
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    InvestmentHouse.com: May 2007::
    Friday doesnt put the pullback to rest, but there were definite bright spots. Thus while overall trade was light and leaves the market subject to an
    http://www.investmenthouse.com/blog/archive/2007_05_01_archive.html
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    internet.com presents Steve Harmon's Hotwatch '99 - the 10 stocks to watch in the Internet space - each month sent direct to your email box - click here for details -

    Up, down, few gains -- baltimoresun.com::
    The bright spots were sector funds invested in natural resources and commodities. Diversity best hope in bear market. Jay Hancock. Lets use telework to
    http://www.baltimoresun.com/business/bal-bz.mutual08jul08,0,581802.story
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