Are You Buying Google? One Of The Co-Founders Is Selling…

Stocks are lower on higher oil and inflation fears.
Technology is holding up better on a bullish chipmaker ‘s outlook. The ten year
note hit a 7-month high.

Xilinx
(
XLNX |
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PowerRating) raised Q4 sales guidance, saying sales would be
5%-8% higher.

KMart
(
KMRT |
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PowerRating) reported $2.59 vs a $2.80 estimate; revenues were
higher. Same store sales fell 4.5%. The company will complete the purchase of
Sears within a month.

Google
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PowerRating) co-founder Sergey Brin sold $49 million worth of
stock recently.

International Securities Exchange (ISE) is now trading–10.05 million
shares were priced at $18, above the original $14-$16. The stock is currently
trading over $28. It is the largest equity options exchange–all electronic.
Margins are good and options business has grown 40% in the last year alone. The
company will list on the NYSE under the symbol “ISE.” Bear Stearns and Morgan
are the underwriters.  Competitors are: the Pacific Stock Exchange, CBOE,
AMEX, Philadelphia and Boston Stock Exchanges.

Delta
(
DAL |
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PowerRating) will no longer sell food on flights and raised prices
on alcoholic beverages, from $4 to $5.

The Nikkei made an 11-month high.

Stocks in the News

Kerr McGee
(
KMG |
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PowerRating) said it will spin off its chemical business,
announced a $1 billion stock buyback and rebuffed Carl Icahn’s proposal.

Crompton
(
CK |
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PowerRating) and Great Lakes Chemical
(
GLK |
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PowerRating) are
merging; the $1.5 billion deal will create the nation’s third largest specialty
chemical company.

China.com
(
CHINA |
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PowerRating) said its Q4 loss widened; the company’s CEO
also resigned.

Noranda
(
NRD |
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PowerRating) offered to buy the rest of Falconbridge.