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Blogs about ACN

Blogs	Description	Date Updated
Wall Street Rumors - June 27, 2008	Daily rumors covering the global markets. Subscribe to the update feed here. Global Oil-Supply Worries Fuel Debate in Saudi Arabia Sadad al-Husseini and Nansen Saleri raced up the ranks at Saudi Aramco, the world’s most powerful oil company, working together for years to squeeze more crude from Saudi Arabia’s massive fields. Today, the two men have staked out opposite sides of a momentous industry debate. Oil Prices Hits $142 a Barrel Oil prices climbed to a record $142 a barr...	June 27, 2008
Accenture FY Q3 Revs, EPS Beat Ests; Ups ‘08 Guidance	Accenture (ACN) shares are higher in late trading after reporting better-than-expected financial results for its fiscal third quarter ended May 31. For the quarter, Accenture posted net revenue of $6.1 billion and EPS of 74 cents. The Street had expected $5.9 billion and 69 cents. For fiscal Q4, the IT consulting company sees revenue of $5.9 billion to $6.1 billion, ahead of the Street at $5.7 billion. For the full year, the company now sees profits of $2.63 to $2.65 a share, up from previous gu...	June 26, 2008
Jim Cramer’s Game Plan	Cramer advised investors to buy CVS Carmark (CVS) next week if Walgreen (WAG) reports a weak number. He also thinks Rite-Aid (RAD) will report a bad number which will be bullish for CVS. For Tuesday, Cramer said buy Darden (DRI) before it announces earnings. He said if the stock trades off on Monday buy it on the weakness. Nike is set to report earnings on Wednesday and Cramer thinks investors should buy the stock on any weakness ahead of the Beijing Olympics. He also favors Research In Motion (...	June 20, 2008
Companies that vanished: Arthur Andersen succumbs to the lure of big money	Filed under: Products and services, Management, ScandalsThis post is part of a series on some of the most memorable companies that have disappeared. Arthur Andersen (1913 to 2002) spent decades as a leading accounting and consulting firm. Founded in 1913, it was once a member of the "Big 8" accounting firms, which later became the "Big 5." Andersen was the accountant for MCI and Worldcom. Even though it's been dead for six years, it left one offspring -- it spun off its Andersen Consulting unit...	June 08, 2008
Accenture bulks up with video	Filed under: Next big thingWhile at the recent Digital Hollywood conference, I heard much talk about online video. And the main question was: How can you make money from it? Well, Accenture (NYSE: ACN) is trying to find some ways. In fact, this week, the company agreed to purchase Origin Digital (the amount was not disclosed). The privately-held firm calls itself a "global video applications service provider." That is, the company helps with the key elements of managing, syndicating and report...	May 16, 2008
HP/EDS Combo Would Be No. 2 In Services, Behind IBM	An acquisition of Electronic Data Systems (EDS) by Hewlett-Packard (HPQ) would create the world’s number 2 player in IT services worldwide, according to new data from Gartner. In 2007, Gartner reports, IBM was the world leader in IT services, with 7.2% market share. EDS was second, with 3%. followed by Accenture (ACN) at 2.8%, Fujitsu at 2.5% and HP at 2.3%. The two companies together had 2007 services revenue of more than $39 billion; HP had $17.3 billion in services revenue, EDS $22.1 b...	May 12, 2008
Accenture (ACN): Buyback bet on consulting firm	Filed under: Newsletters, Stocks to BuyDavid Fried is a leading authority on corporate buybacks, focused exclusively on companies that are involved in repurchasing their own shares. One of the latest 'buys' in his aptly-named The Buyback Letter, is consulting and outsourcing firm Accenture (NYSE: ACN). Here's the advisor's review. "Accenture is a global management consulting, technology services and outsourcing company, collaborating with clients to help them become high-performance businesses...	May 08, 2008
Liberty Mutual buys Safeco at a 51% premium, who's next?	Filed under: Industry, Progressive Corp,Ohio (PGR)AP reports that Liberty Mutual, the nation's largest provider of workers' compensation insurance and its sixth largest property-casualty insurer, is buying Safeco (NYSE: SAF) for $6.1 billion, a 51% premium over Tuesday's close. Having spent years working for Liberty Mutual in the 1990s -- part of it for Gary Gregg, who heads the Agency Markets unit that will manage Safeco -- I know that this deal may well be the largest in its history. Safeco s...	April 23, 2008
Wednesday's Upgrades and Downgrades	UpgradesPAREXEL (PRXL)- First Analysis Sec Equal-Weight » Overweight Volterra Semi (VLTR)- Collins Stewart Hold » Buy Medco Health Solutions (MHS)- UBS Neutral » Buy Medco Health Solutions (MHS)- Citigroup Hold » Buy National City (NCC)- Bernstein Mkt Perform » Outperform Blue Coat (BCSI)- Stifel Nicolaus Hold » Buy Medco Health Solutions (MHS)- Jefferies & Co Hold » Buy St. Mary Lnd/Expl (SM)- Jefferies & Co Hold » Buy Volterra Semi (VLTR)- Piper Jaffra...	April 23, 2008
Accenture: RBC, Stifel Cut Targets; Earnings Thursday	Analysts at RBC Capital and Stifel Nicolaus today trimmed their price targets on Accenture (ACN) ahead of the company’s announcement after the close on Thursday of earnings for the company’s fiscal second quarter ended February. RBC Capital’s Cynthia Houston maintains her Sector Perform rating, but cut her target to $40 from $46. Houston says she expects FY Q2 earnings show “modest upside” driven for currency benefits and share repurchases, but that “concerns...	March 25, 2008

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