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Corporate Summary




•    According to reports, Bank of America Corporation (NYSE:BAC) has planned to sell at least half of its 10% stake in China Construction Bank

•    Dell Inc. (NASDAQ:DELL) announced the finalization of its acquisition of Force10 Networks, and Dell expects the purchase to be accretive to the earnings in next year’s second half

•    A Bloomberg report stated that Clearwire Corporation (NASDAQ:CLWR) is in talks with The Blackstone Group (NYSE:BX) about restructuring options

•    OmniVision Technologies Inc.’s (NASDAQ:OVTI) fourth quarter earnings of $0.57 per share beat the Zacks Consensus Estimate by a penny, or 1.8%

•    Citigroup, Inc. (NYSE:C) downgraded Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) to “Hold” from a “Buy” rating

•    Jefferies Group Inc. (NYSE:JEF) initiated coverage on BlackRock, Inc. (NYSE:BLK) with a “Hold” rating

•    Jefferies initiated coverage on Waddell & Reed Financial Inc. (NYSE:WDR) with a “Buy” rating

•    Think Equity initiated coverage on Broadcom Corp. (NASDAQ:BRCM) with a “Buy” rating


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