The conglomerate’s third-quarter results came in mixed, with earnings topping Wall Street estimates, but revenues missing by a long shot. Investors were hardly impressed – shares fell more than 5%.
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Seagate Technology (STX) surged in premarket trading after saying that it received an indication of interest about going private.
Seagate, which makes hard disk drives and storage products, gained 20.96% to $15.35 a share at 6:19 am, from Thursday’s closing price of $12.69.
The company said Thursday that it is in discussions with the party that indicated interest. Seagate has…
Continue reading Seagate Shares Jump as It Considers Going Private
Seagate Shares Jump as It Considers Going Private originally appeared on DailyFinance on Fri, 15 Oct 2010 06:37:00.
Filed Under: Company News, Technology, Stocks in the News, Market News
The search engine’s strong results were an “October Surprise” of sorts for investors who have wondered whether Google’s prodigious profit-making ability was beginning to wane.
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H&R Block has been a laggard in its online efforts, while competitor Intuit’s TurboTax keeps gaining market share. To start remedying the situation, H&R Block this week agreed to pay $287.5 million for 2SS Holdings, which deve…
The Florida attorney general’s office has subpoenaed Lender Processing Services, which handles many foreclosure documents, as part of its investigation into potentially flawed foreclosure paperwork.
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