Cisco Shares Sleepy as These 3 Stocks Bid Higher

JPMorgan Chase & Co. (NYSE:JPM): Sources report to Bloomberg that the JP Morgan Chase unit that caused the loss of at least $2B in credit derivatives had been valuing some of its trades at prices divergent form those of its investment bank. That might have hidden by hundreds of millions the tremendous amount of this loss prior to its May 10 disclosure.

Chesapeake Energy Corporation (NYSE:CHK): According to Bloomberg, on word from Moody’s analyst Peter Speer, Chesapeake has to sell a minimum of $7B in assets in 2012 to prevent violating a covenant in one of its debt agreements. Chesapeake’s cash flow has lowered as the price of natural gas has, Speer says, and it “risks exceeding the 4x debt/EBITDA limitation in its credit facility” in H2 2012.

Investing Insights: Chesapeake’s Champion Advocate>>

Cisco Systems, Inc. (NASDAQ:CSCO): Gartner’s pessimistic Q1 server data has been supported by IDC, which estimates industry revenue dropped 2.4% Y/Y. But, in a plus for RHT, IDC thinks Linux revenue went up 16%, and presently accounts for 20.7% of the market. UNIX revenue dropped 17% (a negative for ORCL and IBM), and Windows (NASDAQ:MSFT) revenue moved up 1% and made up 50% of the market. Cisco witnessed a 49% rise in blade server revenue, but its 12.8% share of the market stays at a fraction of H-P’s (NYSE:HPQ) 46.1%.

Sirius XM Radio Inc (NASDAQ:SIRI): Liberty Media has requested a reconsideration from the FTC regarding its decline to allow the company to assume control of Sirius XM Radio. Liberty upped its holding in the satellite radio company to 46.2% from 40% earlier in May. Investors are lifting shares of Sirius by 1% in afternoon trading.

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