Dell Faces Falling Panel Prices and 4 Hot Stocks Turning Heads
Dell Inc. (NASDAQ:DELL): According to DigiTimes, who cited data from Display Search, 13-inch notebook panel prices have dropped about 50c in September, while 14- and 15-inch panel prices fell about $1. Industry sources attributed the decline to notebook makers being conservative about the prospects for Microsoft’s (NASDAQ:MSFT) upcoming Windows 8..
Blyth, Inc. (NYSE:BTH): ViSalus management announced that they have withdrawn their initial public offering due to uncertain market conditions. Commenting on the announcement, Ryan Blair, Chief Executive Officer of ViSalus, said, “The exceptional performance of our incredible field of Promoters and leaders, and our world-class management team, deserve a time and a setting in which an industry-changing company like ViSalus will be celebrated. With Net Sales growth of more than 450% during the first half of 2012 versus the prior year we continue to build a North American household brand. We have complete confidence in our long-term growth prospects and we have the team on board to achieve our goals.” ViSalus is majority-owned by Blyth Inc.
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Yahoo! Inc. (NASDAQ:YHOO): Fortinet (NASDAQ:FTNT) disclosed in a regulatory filing that Ken Goldman notified them that he is resigning as Chief Financial Officer and effective October 19, he will join Yahoo! Inc., as their CFO. Fortinet has appointed Nancy Bush, their current Vice President Worldwide Corporate Controller as interim Chief Financial Officer effective immediately. They are initiating a search for a CFO and are considering internal and external candidates. Prior to joining Fortinet, Bush was VP of Finance at ArcSight, a security information management company that was acquired by Hewlett-Packard (NYSE:HPQ) in October 2010.
Bank of America (NYSE:BAC): According to The Los Angeles Times, Wells Fargo’s (NYSE:WFC) electronic banking operations were apparently victimized by cyber attacks similar to those seen recently at Bank of America, Citigroup (NYSE:C) and JPMorgan (NYSE:JPM). A group claiming responsibility said that they would target U.S. Bancorp (NYSE:USB) and PNC Financial (NYSE:PNC)next.
Facebook, Inc. (NASDAQ:FB): According to the Wall Street Journal, Facebook Inc.’s problematic initial public offering last May is becoming a potential legal mess for the social-networking firm, their investment bankers and the exchange where they went public. Lawyers involved in the cases have said that approximately 50 lawsuits have been filed against Facebook, Nasdaq OMX Group (NASDAQ:NDAQ) and underwriters of the IPO. In addition to this, Facebook investors said that they expect hundreds of arbitration claims to be launched against brokers and securities firms that pushed their shares.
Don’t Miss: Yahoo!’s Fresh New CFO Adds to This Turn-Around.