Tag Archives: lead tech

Priceline Stays Aggressive In Tough Field As Q4 Beats

Priceline calmed investor fears with Q4 earnings that flew past estimates and a boost to its stock buyback program, sending shares higher despite weak guidance. Helped by stronger-than-expected growth of bookings in Europe, Priceline (PCLN) early Thursday posted earnings per share minus items of $10.85. That was above the Wall Street consensus of $10.10 and up 23% from the year-earlier period. The world’s largest travel service company by bookings

Why Muscular Dystrophy Is Biotech’s Favorite Orphan

With tax-sheltering deals off the table for now, drugmakers have turned back to their traditional prey: hot biotech startups. But what investors want to know is: What kind of biotechnology are the startups looking for? One possible sign came in November, when big-cap biotech BioMarin Pharmaceutical (BMRN) agreed to pay $680 million for Prosensa Holding (RNA). Prosensa was preparing to file for approval of drisapersen, a treatment for Duchenne

Sprint Might Sell Airwaves, Wireline Assets Or Equity

With its cash burn-rate worrying Wall Street amid a wireless industry price war, Sprint might soon sell off assets or issue equity to raise funds, analysts say. One option for Sprint (S) is selling its 2.5 GHz spectrum licenses, analysts say. Or it could sell its wireline long-distance phone network. “I think they will do both; the cash needs are high,” Oppenheimer analyst Tim Horan told IBD. For its fiscal Q3 ended Dec. 31, Sprint said it lost 60