The warning should not be a surprise to investors as the stock is down from June highs of $145 a share to the recent mid-$30 price range. Wall Street has certainly been expecting the bad news, so a bounce in the shares may be likely. We would look to Apple(AAPL Quote) as a better tech tell for investors looking for tech exposure in their portfolio.
Research In Motion does not currently pay a dividend. EDF Tries Last-Minute Bid for Part of Constellation Energy Electricite de France, Constellation's biggest shareholder, offered $4.5 billion for just half of Constellation Energy's nuclear business Wednesday. EDF, which owns 9.5% of Constellation(CEG Quote), said the offer values the company at around $52 per share and that the price represents a 96% premium to the rival offer for all of Constellation. Buffett's MidAmerican Energy Holdings offer values the company at around $26.50 per share. The whole Constellation deal seems to get more bizarre as time rolls on. EDF withdrew its own bid of $35 per share in October for all of Constellation. Now the company is trying to come back and make a last minute play for the nuclear assets. The market's early reaction seems muted, so the chance for a deal may seem unlikely. We would avoid the shares at this point, and look elsewhere for better opportunities. Constellation Energy is not recommended at this time, holding a Dividend.com Rating of 2.7 out of 5 stars. Freeport-McMoRan Stuns Wall Street By Suspending Dividend Freeport-McMoRan(FCX Quote) announced on Wednesday that it is suspending its dividend and cutting production as well.- Loading Comments...
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