This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Attachmate, Diamondback: Hot Trends

(New information on the Attachmate-Novell deal and the Diamondback raid updated in today's Hot Trends article.)

NEW YORK ( TheStreet) -- "Attachmate" is a hot search topic today following news that the business software specialist acquired Novell (NOVL) for $2.2 billion.

>>Attachmate Buys Novell For $2.2 Billion

The deal is valued at $6.10 per share and is expected to close in the first quarter of 2011.

Novell also announced that it has entered into an agreement to sell some of its intellectual property to CPTN Holdings, a consortium run by rival Microsoft (MSFT - Get Report), for $450 million in cash.

"Diamondback" is a heavily searched topic today after reports that the Federal Bureau of Investigation began raiding several large hedge funds today as part of an ongoing insider trading probe.

The Diamondback Capital Management office, based in Stamford, Conn., is being searched by federal law enforcement. Connecticut-based Level Global Investors is also under investigation.

A Bloomberg report said that Diamondback declined to comment while Level Global confirmed that agents were at the firm's address. Both hedge funds were founded by former employees of Steven Cohen's SAC Capital Advisors, according to a Wall Street Journal report. ***

Oil prices" is a hot search topic today as the price of oil increased to above $82 a barrel on Ireland's plans to accept a bailout package from the European Union and the International Monetary Fund to bolster its banking system.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MSFT $47.26 -0.39%
AAPL $111.69 2.00%
FB $93.56 1.20%
GOOG $644.77 0.88%
TSLA $222.06 -2.10%


Chart of I:DJI
DOW 17,103.46 +52.71 0.31%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,836.8730 +26.0850 0.54%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs