Market Currents

• Tuesday, November 3, 2009

• 00:05 AM Notable premarket earnings: ABC, ACOR, ADM, AMT, ANR, CAM, COL, CTSH, EMR, EXPD, FTR, GET, HCP, HNT, ICE, JOE, JRCC, LPX, MA, MHS, MRO, MVL, NXG, OSK, PER, PKD, PQ, RCL, RDC, RL, SNH, TE, TEVA, THC, TLM, VIA, VNO Comment!

• Monday, September 21, 2009

• 13:59 PM Dell's (DELL) purchase of Perot (PER) is a good stepping stone to overcome Dell's historically high reliance on PCs, JPMorgan says, but $3.9B - a 68% premium - is expensive. Dell's paying 1.4x sales, where H-P (HPQ) paid just 0.6x EDS' sales last year. "Perot's gross and operating margin profiles are a little more attractive than standalone EDS, but the valuation gap is still wide." Comment!
• 09:00 AM Premarket gainers: PER +66%.
  Losers: AIB -7%. IRE -6%. RAD -6%. MT -5%. S -5%. POT -5%. AUY -4%. SLW -4%. HL -4%. Q -4%. MOS -4%. AU -4%. Comment!
• 07:20 AM Over the past year, Dell (DELL) and Perot Systems (PER) have produced a combined $16B in enterprise-hardware and IT-services revenue, with half of that coming from enhanced services and support. Comment!
• 07:04 AM Dell (DELL) to acquire Perot Systems (PER) for $3.9B, or $30/share, creating a "comprehensive, customer-focused IT-solutions company." Perot will become Dell's services unit. Shares of Perot closed at $17.91 on Friday. (PR) Comment!