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Posts Tagged ‘Stocks and stuff’

RadioShack Soon to Be Disconnected from NYSE

radioshack stock

First, it was the birth of “big box” electronic stores. Then, it was that whole “shacking up with Lance Armstrong” blowing up in its face (see what I did there). Followed by obliterating brand loyalty for “The Shack.”

Things were looking like a brighter horizon was coming for the Fort Worth, Texas-based iconic brand, thanks to a genius Super Bowl commercial (see below). And then absolutely nothing happened after that. So much for momentum.

Today, we discover an even more somber state of affairs for what was America’s favorite electronics store — its stock is selling for $1 per share, and faces almost certain peril and de-listing from the NYSE.  Read more

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PR Fail: Somebody Released Google’s Earnings Statement ‘Prematurely’

You may have heard with some surprise that Google’s stock (NASDAQ: GOOG) price dropped a whopping 9% today—and that this drop came in response to what looked like a 20% decrease in quarterly income. Anybody heard news of Google struggling to make money when “paid clicks surged by 1/3 from a year ago, and 6% from the previous quarter”? What happened?

Here’s a hint: the company’s quarterly earnings report began with the phrase “PENDING LARRY QUOTE”. That’s Google CEO Larry Page; he was supposed to give a quote before the report went out–after the day’s final trading bell. Unfortunately, the unofficial statement appeared on the SEC website just after noon, inspiring what The Wall Street Journal’s Steve Russolillo describes as “mayhem”. We’ll call it a “premature release.”

Google quickly issued a follow-up statement blaming RR Donnelley, the company that prints its reports, for filing the earnings without authorization because, as mentioned above, the company wasn’t supposed to release the data until after the day’s trading ended. Whoops!

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