Sprint, Yahoo, Seagate, Halliburton Driving Heavy Trade Volume April 18th
Sprint Nextel Corporation (NYSE:S): Sales of wireless contracts may have shrunk in Q1 after the huge run-up in iPhone (NASDAQ:AAPL) sales in late 2011 that may have satisfied consumer demand fore wireless plans, says Bloomberg.
Yahoo! Inc. (NASDAQ:YHOO): After Yahoo said it was examining a a partial sale of Alibaba Group while talks with Yahoo Japan remain stalled, Gabelli no longer expects the stock to get a boost from monetization in the near-term. However, the firm thinks this could benefit Yahoo in the long-term, as the value of its Asian assets continue to increase. The firm maintains a Buy rating on Yahoo.
Seagate Technology PLC (NASDAQ:STX): Seagate expects market for desktop drives to remain constrained through the fall. The company says in the enterprise, the mission-critical market segment market seems to have almost fully recovered. Business critical continues to be constrained as demand for storage continues to increase rapidly with the ongoing buildout of the cloud infrastructure.
Halliburton Company (NYSE:HAL): Says “enthusiastic” about the future of Iraq operations. Says Libya’s production also coming back on line, but does not expect to approach pre-2011 activity levels in Libya until late 2012 or 2013.
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