Author Archives: Scalper1

‘Pool’ Of Buyers Seen Small For Telecom Data Centers

Digital Realty and other data center operators are not likely buyers of any facilities put on the block by CenturyLink (CTL) or possibly other phone companies, but private-equity firms could step in, says Macquarie Securities. “We believe that the pool of logical and capable buyers for CenturyLink, Verizon Communications (VZ) and especially AT&T (T) assets is quite limited in general, and particularly at this time. Private equity seems like the

Alibaba, Baidu In Another China Food Fight?

China e-commerce giant Alibaba Group (BABA) is looking to sell its 7% stake in Chinese online discounts site Meituan-Dianping for about $1 billion, according to a report Monday in the Wall Street Journal. Alibaba-backed Meituan.com and Tencent Holdings (TCEHY)-backed Dianping Holdings merged last month to create China’s leading online booking and discounts platform, similar to Groupon (GRPN). Alibaba could instead become a major shareholder in

GameStop craters on Q3 sales, earnings miss

Video game retailer GameStop (GME) on Monday missed Wall Street’s fiscal third-quarter sales and earnings targets as digital downloads took a bigger bite of physical game software sales. GameStop stock plunged as much 17% in morning trading on the stock market today, hitting a 10-month low near 32.50, but was down 9% in midday trading, near 35.50. The Grapevine, Texas-based company earned 54 cents a share on sales of $2.02 billion for the quarter