Samsung Electronics reported and lost money for the first time in the December quarter. Meanwhile Qimonda, Infineon's former DRAM division, filed the German equivalent of Chapter 11. It continues to be tough out there.
Samsung is prioritizing higher share in high end phones, which can't be good for profitability at the other handset makers.
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Pfizer will be confronting a big hole in its portfolio when Lipitor comes off patent in 2011. Reports are around that the company will merge with Wyeth. Large M&A deals are always positive for the market, but it might not matter today as futures are down huge.
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Google reported last night and the quarter was fine - good house, bad neighborhood. Google announced on the call that they will be repricing some employee options in an effort to better retain employees. This comes at a time when nobody is likely to be going anywhere. Oh well.
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