Rajaratnam Guilty: Why Things Didn't Go His Way
Hedge fund manager convicted of 14 counts as government wins insider trading case.
Walter Pavlo, Contributor Active conversation: 4 commentsHedge fund manager convicted of 14 counts as government wins insider trading case.
Walter Pavlo, Contributor Active conversation: 4 commentsRaj Rajaratnam’s defense lawyer was careful not to pick a jury of his peers. None of them had anything to do with Wall Street. Some of the jury members never finished high school and came straight out of the egalitarian NYC jury pool. The hope was the defense could bamboozle them into believing that what Raj did was just in the normal course of business. But for sure, they are honest folks, maybe church goers, who clearly understood right from wrong. They listened to those oh so incriminating[...] read »
Eric Savitz made a good comment to my post yesterday about the logic of Microsoft (MSFT) buying Skype for $8.5 billion. read »
On the Street, skepticism about the prospects for Research In Motion continues to rise. read »
Microsoft announced plans to buy Skype for around $8.5 billion. read »
To get an edge in the crowded ferociously competitive hedge fund world you an advantage; sources who will tip you before deals, or earnings or other material substantive matters become publicly available. It's always been that way- and it always will-- a game of trying to outwit the cops, the [...] read »
Symantec shares fell slightly in after hours trading Wednesday following the company's financial report for the fiscal fourth quarter ended April 1. read »
Canadian Solar this afternoon reported lower-than-expected profits for the first quarter, apparently due to losses on foreign exchange hedging. read »
Sina this afternoon posted disappointing results for the first quarter, but the China-based Internet company's shares are nonetheless trading higher after hours. read »
Tupperware Brands Corp (TUP - Snapshot Report) just spiked into a new multi-year high after reporting a healthy 6% earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock is a fresh pick for momentum. read »
Sally Beauty Holdings, Inc. (SBH - Snapshot Report) recently posted its fifth consecutive earnings surprise, thanks to strong same-store-sales growth. read »