Archive for the ‘Stock Market’ Category

Is Palm Elan just another name for the Pixi?

PreCentral brings us an interesting rumor involving the ever-struggling Palm (NSDQ: PALM) and AT&T (NYSE: T) (which has its finances under control). Apparently, the once-famous Treo maker is working on a new webOS device – Elan. Details are scarce at the moment, but it seems we’re talking about a high-end all-touchscreen phone, which if released, will first hit AT&T and European GSM carriers.

Don’t hold your breath for too long, though – it may not happen at all. Some other sites claim Elan is actually the other name of Pixi (GSM version of Pixi, that is). On the other hand, the leaked document above goes in different direction – it has “Elan” and “Pixi (CDMA)”. It maybe just me, but I would expect to see something like “Pixi (GSM)” instead of Elan, if we’re talking about a GSM version of the device.

We know AT&T is eager to join the somewhat dying webOS party and the GSM-based Pre has cleared the FCC hurdle recently. Meaning, we could see the Pre on AT&T’s store-shelves within a month or so. My bet is they are waiting for the CTIA Wireless in Las Vegas to go all official with the announcement. Hopefully, we’ll have more information on Elan by then.

In the meantime all of us can hope the former is true – Elan is a new device and not a new name for the Pixi. Don’t get me wrong, Pixi is a cool little device, but these days if you’re not WVGA, you’re simply not that cool. Right?

palm pixi

Candev Resource Exploration changes name to Del Toro Silver : Sandy Hutchens

Candev Resource Exploration, Inc. (OTCBB:CVRX) (the “Company”) is pleased to announce that effective July 28, 2009, it completed a merger with its subsidiary, Del Toro Silver Corp. (OTCBB:DTOR), a Nevada corporation which was incorporated solely to effect a change in the Company’s name. As a result, the Company changed its name from “Candev Resource Exploration, Inc.” to “Del Toro Silver Corp.”.

The name change became effective with the Over-the-Counter Bulletin Board at the opening for trading on August 14, 2009 under the new stock symbol “DTOR”. The Company’s new CUSIP number is 245497 102.

About the Company

The Company is a junior mineral exploration company focused on exploring and developing mining opportunities in Mexico and the United States.

On behalf of the Board of directors,

Mark McLeary

Will Dow Jones change its name?

Sandy Hutchens Another Name, August 24, 2009 – The Dow Jones Industrial Average is the most famous stock index in the world. Everyone knows the Dow Jones name. But will it operate under another name? Rupert Murdoch’s News Corporation is considering selling its stock-index business.

The Wall Street Journal, owned by Dow Jones until its sale to News Corporation in 2007, has reported the company is exploring a sale of the unit.

Goldman Sachs has been hired to evaluate deals that may fetch $US700 million and prompt a new moniker for the flagship index. The Journal says potential buyers are MSCI, a former unit of Morgan Stanley, NYSE Euronext and Bloomberg.

The Dow, with 30 stocks in tow, was introduced in 1896 by Charles Dow – a precursor version of mostly railroad companies started publishing in 1884 – and was designed to give investors a snapshot at overall market activity.

It has spawned a number of more-focused offshoots, including transportation, real estate, and technology indexes.

The indexes business – which creates and licenses indexes for use on mutual funds, exchange-traded funds and other products – is a relatively stable and profitable unit for Dow Jones amid a period of steep revenue decline in its core newspaper franchise.

The Journal says a name change is no certainty, due to its existing name recognition. The story quotes a “person familiar with the matter” as saying that any deal would likely require that the Dow Jones name remain.

News Corp., Dow Jones strike deal-report

News Corp. considers the sale of its Dow Jones indexes. MSCI Inc, NYSE Euronext, Bloomberg LP are the said bidders.