posted
Call again for LAZ, buy dip today and will see $1-2 profit in a very short term. Look at yesterday and today's volume, very thin. This suggest those institution or big guy are holding the shares tight, the down from $26 to $25.2 is purely due to small traders' activities. The mean target $26.7 to $27 by three big banks analysts. If you are interesting in $1 or 2 bulls profit with very low risk, now it is time to buy LAZ and hold for one or two weeks.
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MM's typical play: ACN. With two big contracts this week, the stock down 50 cents? Interesting. Typical MM bashed and flush shares in order to absorb heavily at the low price. Exactly the same pattern as NGPS when MM bashed it to $14 and then Fidelity bought tons of it at $14. Interesting MM's play. From weekly chart, ACN head to $30. Good time to enter when ACN is still low.
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Three contracts in a week, amazing. ACN will see rebounce. Start from monday, MM bashed ACN in order to absorb at low. But with three big contracts this week, MM hard to to that. ACN target $30.
Agfa-Gevaert, Accenture in conract to supply UK digital radiology equipment
100 words 14 September 2005 01:57 am AFX International Focus English Copyright AFX News, 2005 All reproduction and presentation rights reserved.
BRUSSELS (AFX) - Agfa-Gevaert NV said it has entered into an agreement with Accenture to supply digital radiology imaging equipment to hospitals in the North East of England.
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Today, a good entry for FLEX with correction after rally early this week. S&P report hold a BUY sentiment with target $16. At the same time First Call mean target $16.1 with upper limit $20 and lower side $13. Now FLEX is undervalued based on its earning discount model. FLEX rank 5 (highest undervalued) by S&P. My target still hold $16. It had several huge buy order just now, check the intraday trading, it has 250000 shares bought 5 minutes ago.
LAZ definately a good buy here with its 3Q good earning coming next month. This week LAZ envolved two big M&A deals in European market. Will see above $26 again soon.
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ACN nice move here, remember i said that MM bashed it at the beginning of this week in order to absorb it at low price. Typical MM action, however, three big contracts this week won't let MM to bash it. Now ACN head to a higher price.
Same story for FLEX here, only difference is FLEX does not have solid contracts or big good news. MM bashed it for a lot time. Their mean target is $16 for FLEX by the end of 2005. If you are MM what do you want to do before you buy? If you still not holding FLEX, it is a golden opportunity to absorb it at lower than $13 level.
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posted
Called VRX three weeks ago, new high today. Target $23
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Three Picks In Information Technology by UBS.
UBS said it favors information-technology companies with exposure to discretionary spending. "We continue to believe consulting [and] systems integration spending trends are ahead of investor sentiment," UBS said.
The research firm's top picks in the IT sector are Accenture (nyse: ACN - news - people ), BearingPoint (nyse: BE - news - people ) and Cognizant Technology Solutions (nasdaq: CTSH - news - people ). UBS said it also remains positive on Sapient (nasdaq: SAPE - news - people ).
Outsourcing remains a steady grower, according to UBS. "We believe modestly improving processing trends are already reflected in most stocks, and we see the government IT stocks as fairly valued," the research firm said.
ACN Target $30 short term. Last week we saw $26.5 already.
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posted
Out half RHAT here, reenter < @$14 one month ago, I call it here when it was $14.5. Holding my MOT and VRX, both solid company. MOT's RAZR is very popular in the market, just like IPOT NANO. VRX my target rang $23-$25.
LAZ I will hold it above $27. Definately a solid company utilize the M&A booming business.
ACN not need to mention it again, target$30, called it here @23.6
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FLEX targets of $17 and $36 by the research firm.
The research firm's top EMS sector picks, rated at "buy," are Flextronics International (nasdaq: FLEX - news - people ) and Benchmark Electronics, with respective price targets of $17 and $36. Its least favorite pick is Solectron (nyse: SLR - news - people ), rated at "neutral" with a $4 price target.
Dongbu Selects Accenture to Implement New Financial Management System
SEOUL, South Korea - (BUSINESS WIRE) - Sept. 21, 2005 - Accenture (NYSE: ACN) has been selected to help Dongbu Insurance, Korea's second-largest non-life insurer, enhance its accounting and financial management operation to improve operational efficiencies and increase financial data transparency.
It is a good time to buy today as the market in big red.
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Leading Investment Banker Riccardo Pavoncelli to Join Lazard for Cross-Border Deals Monday September 26, 12:41 pm ET
LONDON--(BUSINESS WIRE)--Sept. 26, 2005--Lazard announced today that Riccardo Pavoncelli, one of Europe's leading investment bankers, is joining the firm in October to focus on European cross-border investment banking.
I am looking forward to LAZ's 3Q earning, which usually the best in the year.Holding tight my position.
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posted
ACN touch its 50MA, will see Relative Strength. MM want to keep its price low to absorb it. But they can not bash it down since so many good news for ACN recently. Will see much higher soon, now it is a good time to buy at its 50MA.
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LAZ has new contract with No1 underwriter Bear Stearns
Bear Stearns & Co. (BSC.N: Quote, Profile, Research) said on Tuesday it has hired David Braunschvig, formerly managing director at Lazard Ltd. (LAZ.N: Quote, Profile, Research) in New York, as a senior managing director in its investment banking group.
Lazard Ltd. (LAZ.N: Quote, Profile, Research) , the global mergers advisory firm, on Monday said veteran Morgan Stanley (MWD.N: Quote, Profile, Research) investment banker Riccardo Pavoncelli will join the firm next month to focus on European cross-border transactions.
Summer usually is the best season for banking and M&A deal, see how many merge deal we have these days. LAZ's 3Q earning will be this Nov. Target $27 by three major analyst firms.
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posted
Sold all my MOT position and bought 1k more LAZ today at 24.06, with sveral big good news this week with Morgan Standly and Bear Stearn, MM are absorbing the shares quitely. From level II i can observed several big buy order done this morning. LAZ will start to jump at *24 level. Hold tight my LAZ shares, won't sell it under $27
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Out the rest of shares of RHAT *21.5. Out the first half above $17. Call RHAT in July under $13. 65% return within 3 months. A big win in my portfolio. Now RHAT is not for short, but it is too high from a TA perspective. Remember RHAT is the number one in Unix server.
Watch ACN on OCT 5, Earning will be impressive and beat the expectation. Holding my shares tight here.
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CASHMAKER HAVE YOU HEARD ANYTHING ABOUT PHXI LATELY ARE THEY STILL IN FOR THE REVERSE SPLIT ALSO DO YOU HAVE ANYTHING ON IVOC
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posted
Great news before ACN earning on this Wednesday. If the earning is good, will jump at least $2 to $28 level, the low end target is $30 by S&P and First Call
Frankfurter Allgemeine Zeitung: Accenture growing strongly in Germany (Accenture plant auch nachstes Jahr tausend Neueinstellungen).
Management and IT consulting group Accenture, which is headquartered in the US, has achieved strong growth in Germany. In the first three quarters of the financial year 2004/05, which ended in August, turnover in Germany increased by 18 per cent to $544m. Growth in Germany was therefore stronger than the group as a whole and stronger than the market. Alongside the US and Japan, Germany is one of the driving forces of growth within Accenture.
The consulting group said that the situation had improved in Germany, with customers now wishing to make the best use of their IT systems to increase turnover, rather than just looking to cut costs. In the last three quarters, Accenture said that it had taken on around 700 new employees in Germany and was confident that it would reach its target of employing of around 1,000 new staff by the end of the year. The company declined to comment on growth targets for next year, but said that it hoped to take on a further 1,000 staff in Germany.
Abstracted from Frankfurter Allgemeine Zeitung
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BOA analyst raise price target for Lazard to $29 from $27. The analyst confident on the 3Q earning due to M&A booming during this summer and those hidden business not reported to the panel. LAZ should at least trading above $27. Holding my shares tight.$26 is coming soon.
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Good news to Lazard on it earning Oct 25th. Target $27
6 October 2005 Merrill Lynch & Co. and Lazard Ltd. will report 'solid' third-quarter results, but will not surprise the market with better-than-expected results such as Goldman Sachs Group and Lehman Brothers did in September, according to a research note issued Thursday by J.P. Morgan Chase analyst William Tanona. Tanona cited strong debt underwriting, merger activity and increased capital markets business as the driver for strong investment banking results.
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posted
Market overreact to the jobless claim and interest rate fear. Oil price down to almost $60 with natrual gas supply boosted by the reserve. Market usually overreact during earnings period.
After market ACN accounce its 4th earning and 2005 report and 2006 guidance. MM watch ACN for a long time, they are absorbing tons of shares today during the market down. Will see shares jump tomorrow open.
FLEX bottom is $12, today even the market is big red, FLEX not willing to tnak, the support is here.
When market coming back tomorrow, it is time for FLEX and ACN to fly.
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posted
ACN surprise good earning AH yesterday, jump $1 before market. S&P and FC target$30, and Valueline raise its target to $40 after ACN impressive earning. Will see much higher due to the momentum and market recovery.
Another LAZ yesterday got a good news that its earning will at least beat its target. Although this is not a strong new, look back LAZ's 3Q earning, much better than the 1Q and 2Q. Of course 2005 is M&A booming, LAZ will beat the expectation.
FLEX earning Oct 25th, BofA holding "BUY" and FLEX is one of the top 3 picks by S&P in the EMS industry. Call it here at its bottom support.
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FLEX Very positive news just out on WallStreetJournal TAMIL NADU, FLEXTRONICS TO SET UP ELECTRONIC GOODS FACILITY
141 words 7 October 2005 Asia Pulse English (c) 2005 Asia Pulse Pty Limited
CHENNAI, Oct 7 Asia Pulse - The Tamil Nadu government on Thursday signed an agreement with Flextronics, a Fortune-500 company of the US, for setting up an electronics goods manufacturing facility in Sriperumbudur, near here, at an investment of Rs 4.3 billion (US$97 million) over five years.
Under the MoU, signed in the presence of Chief Minister J Jayalalithaa, the facility, coming up at the SIPCOT industrial park, would manufacture electronic products for leading brands.
Flextronics is a leading Electronics Manufacturing Services (EMS) provider.
An official statement here said that Karnataka and Pondicherry, besides Tamil Nadu were considered as the possible locations for putting up the manufacturing facility by the US giant, but after 'detailed evaluation', the company concluded that Chennai was the 'best location offering maximum competitive advantage.'
Singapore's Flextronics to set up US$100 million industrial park in southern India
236 words 7 October 2005 12:40 am Associated Press Newswires English (c) 2005. The Associated Press. All Rights Reserved.
NEW DELHI (AP) - Singapore-based Flextronics International Ltd., a leading electronics makers, plans to set up an industrial park in southern India with an investment of about US$100 million (€82 million), government and company officials said.
The investment would be made over the next five years under an agreement signed Thursday between the company and the government the Tamil Nadu state, where the park is to be located, The Hindu newspaper reported Friday.
"This industrial park in Chennai will significantly enhance Flextronics' strategic global footprint, enabling us to ... better serve our customers," Flextronics Chief Operating Officer Michael McNamara said in a statement on the company's web site.
The city of Chennai is also known as Madras.
McNamara said the "announcement underscores our commitment to this increasingly important region and the needs of our customers looking to serve the India marketplace."
Production at the industrial park is expected to begin by June 2006, a company statement said. The company has similar industrial parks in Brazil, China, Hungary, Mexico and Poland.
Flextronics has been in India for nearly five years and employs 5,000 people here, the statement said. Its Indian operations include manufacturing facilities in Bangalore and Pondicherry cities, and software and hardware design centers in Gurgaon, Chennai and Bangalore.
I am holding my target $16
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Monday, October 03, 2005 10:26:59 AM ET Banc of America
NEW YORK, October 3 (newratings.com) - Analysts at Banc of America Securities maintain their "buy" rating on Lazard Ltd (ticker: LAZ). The target price has been raised from $27 to $29.
In a research note published this morning, the analysts mention that the company has closed $89 billion in publicly-disclosed deals in Q3, as compared to $56 billion in Q2. Banc of America Securities expects Lazard's revenues and earnings to be robust going forward, with the company expected to close deals worth $152 billion in Q4.
LAZ.NYS | detailed quote - chart - all headlines previous
06/17/05 Lazard initiated with "overweight" - update Morgan Stanley 06/09/05 Lazard initiated with "buy"
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Net Institutional Purchases - Prior Qtr to Latest Qtr Shares Net Shares Purchased (Sold) 32,527,300 % Change in Institutional Shares Held 7.9%
In the last 3 months, the MM's holding increased by 7.9% and what we see the stock price in the last 3 months, keep down. Very obviously the MM use small sell to bash the price down and absorbing shares to build up its position at low price. Oct 25th will be its earning and all those analyst, including Wells Fargo, BofA, JPMorgan gives a "BUY" and strong EMS growthing signal. $12 should be the support point, with 13.57M shares shorted, we will see big rebounce and uptrend momentum soon, those people will cover before Oct 25th.
So now it is the best time to get into FLEX. I bought it $13.8, although generate lost, holding it tight and add more shares today.
The Oct 25th we will see back to $14 again.
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DJ Lincoln Natl Confirms Deal To Acquire Jefferson-Pilot, Jefferson was advised by Lazard Freres & Co. and Morgan Stanley (MWD).
Ericsson seeks to buy British Marconi; Report cites $2.7-billion takeover bid, The British company is being advised by investment bankers J.P. Morgan Chase & Co., Morgan Stanley and Lazard Ltd., the newspaper reported.
More good news:
Lazard, Macquarie join global infrastructure fad
Global infrastructure has become the newest asset class designed to sate the voracious appetite of local superannuation funds as well as retail investors.
Lazard Asset Management aims its global listed infrastructure fund at super funds and institutions while Macquarie Investment Management will offer its unlisted international infrastructure securities fund to retail customers.
Both funds will be fishing in the same international pond, having similar techniques and similar ideas of providing diversification and reasonable growth and yield.
Local listed infrastructure investments certainly have proved popular perhaps too popular.
Lazard's Rob Prugue says Australian infrastructure stocks as a group appear to be trading at a premium to their global peers.
LAZ target $27
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LAZARD underwriter business today: Les Echos: Stock market debut for Mercialys (Mercialys valorise 1.32 milliard pour son arrivee en Bourse aujourd'hui).
12 October 2005 Mercialys, the property subsidiary of French retail group Casino, is to be floated on the stock market today. At 18.13 euros, the share will be priced at the top of the bookbuilding range, valuing the company as a whole at 1.32bn euros.
The transaction, lead-managed by ABN-AMRO-Rothschild and Lazard Ixis, takes the form of a capital increase by 214m euros. It is reported to have been oversubscribed by more than 10 times by institutional investors.
Threshold Pharma 6.25M-Shr Offering Priced at $10.46 Each
12 October 2005
NEW YORK (Dow Jones)--Threshold Pharmaceuticals Inc.'s (THLD) secondary offering of 6.25 million shares was priced at $10.46 apiece Tuesday.
Morgan Stanley, CIBC World Markets and Lazard Capital Markets were listed as underwriters for the offering.
The company and certain stockholders may sell an additional 937,500 shares to the underwriters to cover overallotments, the filing said.
The Redwood City, Calif.-based biotechnology company previously said in a Securities and Exchange Commission that it intends to use the net proceeds for clinical development of its product candidates, research and development, initial development of sales and marketing capabilities, working capital, capital expenditures and other general corporate purposes, including potential strategic acquisitions.
The company said it won't receive any proceeds from the sale of shares by the selling stockholders.
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posted
My Technical Analysis program shows me LAZ touch rebounce line, i am adding more shares here.
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"But its clear Lazard bankers are racking up the frequent flier miles as they pitch and seal big deals such as Lincoln National. If its pipeline is as strong as the firm suggests, Lazard's all-star team is poised for a strong year-end finish.
This is one team of high-priced veterans that's delivering when it counts."
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posted
Lazard doing good today, back to $25 again, with volume soar compared to average daily volume last two weeks. MM absorbed tons of shares yesterday at low as $23.70 level. Will see momentum followed.
Today LAZ announce two more deal with two new IPO companies: 1.
Geron Corp. (GERN) announced that on September 19, 2005, the underwriters of its public offering of 6 million shares of common stock exercised their over-allotment option in full to purchase 900,000 additional shares.
The move resulted in an additional gross public offering price of $8.1 million.
UBS Investment Bank acted as the sole book-running manager for the underwritten public offering. SG Cowen & Co., LLC, Needham & Co., LLC, Lazard Capital Markets, LLC, Rodman & Renshaw, LLC, and WBB Securities, LLC, acted as comanagers.
2. 2005 OCT 22 - (NewsRx.com) -- GTx, Inc., (GTXI) announced that it is offering to sell, subject to market and other conditions, 5,000,000 shares of newly issued common stock pursuant to its effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission.
The company intends to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of common stock.
Goldman, Sachs & Co. is acting as the sole book-running manager of the offering. Lazard Capital Markets, LLC, and SG Cowen & Co., LLC, are acting as comanagers of the offering.
LAZ now together with those biggest investment banks in the business, like GS, UBS, Bear Stearn, etc.
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Warning: watch how MM boost FLEX up in the next 10 days, don't forget the last three month, MM's holding increased by almost 10% with price down. Typical MM play here. So many report shows that FLEX is the top pick among EMS industry. Oct 25th will be its earning day and EMS is coming back and expanding in 2006 so I believe FLEX will announce a very positive guidance for 2006. Dirty cheap here, good timing to load FLEX.
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news on Reuter: LAZARD. Will close strongly today above $25
George Bilicic, managing director and head of Lazard's global power and energy investment banking group, will take on the responsibility for leading the firm's Midwestern U.S. advisory operations.
In the newly created position, Bilicic will retain his current role, while coordinating Lazard's efforts in developing the advisory business in the Midwest. He will keep offices in New York and Chicago.
George Bilicic heads the Global Power & Utilities Group of Lazard in New York where he is a managing director.
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Lazard World Dividend & Income Fund Declares Monthly Dividend
NEW YORK - (BUSINESS WIRE) - Oct. 17, 2005 - The Board of Directors of Lazard World Dividend & Income Fund (NYSE:LOR) today declared a monthly dividend distribution of $0.1167 per share on the company's outstanding common stock. The dividend is payable on November 23, 2005 to shareholders of record on November 10, 2005. The ex-dividend date is November 8, 2005.
Lazard Global Total Return & Income Fund Declares Monthly Dividend
NEW YORK - (BUSINESS WIRE) - Oct. 17, 2005 - The Board of Directors of Lazard Global Total Return & Income Fund (NYSE:LGI) today declared, pursuant to a level distribution policy, a monthly dividend distribution of $0.1042 per share on the company's outstanding common stock. The dividend is payable on November 23, 2005 to shareholders of record on November 10, 2005. The ex-dividend date is November 8, 2005.
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Manager Michael G. Fry to Join Lazard Asset Management This guy will bring more deals to LAZ for sure, by just look at his background.
17 October 2005
LONDON - (BUSINESS WIRE) - Oct. 17, 2005 - Lazard Asset Management (LAM) announced today that Michael G. Fry, a senior global equity portfolio manager, is joining the firm as a Managing Director, based in London.
Mr. Fry will join LAM's Global Equity and Global Ex-U.S. Equity Portfolio Management teams as a senior Portfolio Manager.
Prior to joining LAM, Mr. Fry spent 10 years at UBS Global Asset Management. Mr. Fry's most recent position was Head of Global Equity Portfolio Management, and he also served as the lead Portfolio Manager for global equities. Before this, Mr. Fry held positions at UBS as Global Head of Equity Research and Head of Australian Equities.
"We are very pleased to add a global investment professional with Michael's breadth of experience," said Ashish Bhutani, LAM's Chief Executive Officer.
John Reinsberg, Deputy Chairman of LAM, added: "Michael is a key hire for Lazard Asset Management and its clients, and we believe he will enhance our robust global equity efforts with his strong investment insight and skill."
Before joining UBS, Mr. Fry was a Portfolio Manager at Armstrong Jones Investment Management, and at Schroder Asset Management in Sydney, Australia; as well as serving as a Senior Accountant at Price Waterhouse in Adelaide, Australia.
An indirect subsidiary of Lazard Ltd (NYSE: LAZ), Lazard Asset Management offers a range of equity, fixed-income, and alternative investment products worldwide. The firm manages more than $73 billion for institutional clients and high-net-worth individuals.
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posted
FLEX boom, short cover (13.57M shares shorted) after news of Flex's changes in its Board and with solid news that Flextronics July-Sept net up 24 pct on yr. Like I pointed out last week, watch how MM boost its price up before its earning on Oct 25th. Call FLEX again here at $12 level. Target by S&P, FirstCall and BankofAmerica is $16.
India Flextronics Software 2Q Net INR324M Vs INR256M
8 words 19 October 2005 04:39 am Dow Jones International News
Oct 19 (Reuters) - Three months ended Sept. 30
(versus the same period a year earlier, in million rupees unless stated)
Net profit 321 vs 258
Total income 1,493 vs 1,181
NOTE: Flextronics Software Services Ltd. is majority-owned by Singapore-based Flextronics International Ltd. (Reporting by Rosemary Arackaparambil in Mumbai) ($1 = 45.2 rupees)
-------------------- Disclaim: I don’t guarantee the accuracy of the information I post. All my posts are based on my own research. I am not a registered investment advisor and therefore I am not qualified to give you any investment advices. You Make Your Decision! Posts: 389 | Registered: Mar 2005
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