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DirecTV and DISH Network Still Racing Higher
Thursday, July 14, 2011 - 8:03am | 501In the wake of news of Netflix's (NASDAQ: NFLX) price increase, satellite TV providers DirecTV (NASDAQ: DTV) and DISH Network (NASDAQ: DISH) reached new 52-week highs of $53.40 and $32.56 per share, respectively, in Wednesday's trading session. DirecTV has an active share buyback program, and...
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Netflix Price Hike Angers Customers, Opens Door for Blockbuster Invasion
Wednesday, July 13, 2011 - 11:49am | 1379"Noooooooooooooo! I just paid $2 extra to get DVDs!" That was the response one of my colleagues gave when I informed her of Netflix's (NASDAQ: NFLX) devious plans to separate its streaming and DVD services in the U.S. This questionable move comes at a time when the company is soaring. But the next...
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Was Flip Video Really A Flop? (CSCO)
Wednesday, April 13, 2011 - 4:02pm | 392Earlier this week, Cisco (NASDAQ: CSCO) announced that it would close the division that makes Flip Video camcorders. This news was quite surprising considering the initial success of the Flip Video. The handheld device proved to be a formidable foe in the camcorder industry, garnering 13% of the...
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What Can Dish Network Do With Blockbuster? (DISH, BLOAQ, BLOBQ)
Wednesday, April 6, 2011 - 3:19pm | 820Dish Network (NASDAQ: DISH) is now the proud owner of a shiny and new – I mean tarnished and old – video rental chain! Isn't it exciting? After dropping $320 million to acquire Blockbuster (BLOAQ) (BLOBQ), Dish is now faced with a lot of choices, most notably: what can be done with the 1,700+...
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Investing In Stupidity (BLOAQ, BLOBQ)
Monday, April 4, 2011 - 5:42pm | 765It seems that we have traveled back in time. Snow White is coming to theaters. Arnold Schwarzenegger is starring in a new cartoon. Blockbuster Video (OTC: BLOAQ) (OTC: BLOBQ), the once-mighty video rental chain, has gotten the interest of Dish Networks (NASDAQ: DISH), SK Telecom (NYSE: SKM), and...
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Analyst Calls Blockbuster (NYSE:BBI) – “Dead Man Walking”
Wednesday, February 24, 2010 - 12:25pm | 113Analysts are mulling over Blockbuster’s restructuring, announced yesterday. Ironically, Blockbuster's own story might not have a happy ending. Competitors Netflix (NASDQ:NFLX) and Redbox are steadily eroding the company’s market share, while services like Hulu and On Demand make a trip to the video...
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More Bad News For Blockbuster
Wednesday, January 20, 2010 - 7:18pm | 101More bad news for shareholders of Blockbuster Inc. (NYSE: BBI). The company reported late Wednesday that its performance over the holiday season was "well below expectations." Due to the poorer than expected results, the company said it now expects adjusted earnings before interest, taxes,...
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Google Entering Video Rental Market
Wednesday, January 20, 2010 - 6:04pm | 194Blockbuster (NYSE: BBI) and Netflix (Nasdaq: NFLX) beware. Google is coming. Google Inc. (Nasdaq: GOOG) made an announcement that it has plans to dip its toes in the video rental market by making a limited number of videos available on its YouTube website. Ever since acquiring YouTube in 2006 for $...