Before the bell 7-3-07: AAPL, CAT, GOOG, DELL


Main market news here.

Very light news day ahead of the July 4 holiday.

As some techies rushed to dissect their new Apple Inc. (NASDAQ: AAPL) iPhones, dismantling the devices to find out the secrets, it seems that tech and telecom analysts estimated sales of 500,000 to 700,000 units by Sunday.

Caterpillar Inc. (NYSE: CAT) was downgraded to Reduce from Neutral at UBS. UBS also cut the target price to $70 from $78. UBS cited decelerating revenues in its core businesses as well as competitive issues.

Google Inc. (NASDAQ: GOOG) has acquired GrandCentral Communications, a start-up that lets users manage their existing phones and voice mailboxes over the Web as if they were a single account, thus letting customers having only one phone number. While financial terms were not disclosed, here's BloggingStocks's Douglas McIntyre take on this.

TheStreet.com suggests that Dell Inc. (NASDAQ: DELL), a company that has never been too keen on mergers and acquisitions, should go shopping as this may be the only thing that could revive it.
Symbol Lookup
IndexesChangePrice
DJIA-135.2812,755.18
NASDAQ-27.982,899.25
S&P 500-13.541,338.41

Last updated: February 10, 2012: 03:30 PM

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