This Day On The Street
Continue to site
ADVERTISEMENT
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

Stocks to Watch: AT&T, Tyson (Update 1)

NEW YORK -- AT&T (T - Get Report), the No. 2 U.S. telecommunications company, will start selling home monitoring services nationwide.

AT&T will begin trials of the services this summer in Dallas and Atlanta.

AT&T's "Digital Life" will monitor homes for burglaries and will allow customers to control such things as appliances, lights, heating and cooling.

AT&T made its announcement ahead of the U.S. cellphone industry's annual trade show, which starts Tuesday in New Orleans.


Tyson Foods (TSN - Get Report) reported second-quarter earnings Monday of $166 million, or 44 cents a share, up from year-earlier earnings of $159 million, or 42 cents.

Sales were $8.3 billion, up from $8 billion last year.

On average, analysts expected the company to post a quarterly profit of 38 cents a share on $8.47 billion.

The Five Dumbest Things on Wall Street This Week: April 4


Micron Technology (MU - Get Report) won the right to negotiate exclusively to buy Elpida Memory after offering more than 200 billion yen ($2.5 billion) for the Japanese chipmaker, Reuters reported, citing a source with direct knowledge of the deal.

The acquisition would lift Micron's global market share of memory chips used in personal computers to 25%, making it the second largest behind Samsung Electronics.

Elpida filed for bankruptcy protection in February.

Shares of Micron Technology rose 2.29% in premarket trading Monday to $6.70.


Dish Network (DISH - Get Report), the satellite-TV provider, posted first-quarter profit of $360.3 million, or 80 cents a share, down from year-earlier earnings of $549.4 million, or $1.22 a share.

The 2011 quarter included a $340.7 million gain related to a settlement with TiVo.

Revenue rose 11% to $3.58 billion.

Analysts expected earnings of 70 cents a share in the first quarter on revenue of $3.62 billion.

Will Apple's Stock Become Dead Money?


Sysco (SYY - Get Report), the food distributor, will report fiscal third-quarter earnings of 43 cents a share on revenue of $10.45 billion, according to analysts.

Biotech Stock Mailbag: Exelixis, Protalix, Arena


DigitalGlobe (DGI) on Sunday rejected a $792 million takeover offer from satellite imagery rival GeoEye (GEOY), saying the hostile bid undervalued the company.

The bid would have been for about $17 a share.

"DigitalGlobe has consistently demonstrated superior operating performance compared to GeoEye, including the stronger relative performance on the EnhancedView program," said DigitalGlobe CEO Jeffrey R. Tarr in a statement. "DigitalGlobe is the only provider in the industry with a constellation of three healthy on-orbit high resolution satellites, which allows us to deliver vastly more imagery to NGA than GeoEye, both in total and per-taxpayer dollar, generating significant value for the government and taxpayers. We are enthusiastic about our prospects and the opportunities before us, and our ability to successfully execute on our strategic plan to create value for our customers and shareowners."

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DISH $69.91 0.00%
MU $29.20 0.00%
T $34.01 0.00%
SYY $37.93 0.00%
TSN $38.65 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs