Company News for October 11, 2010 - Corporate Summary

• Microsoft (NASDAQ:MSFT) will unveil its Windows Phone 7 at a NY press event, initially thought to be offered on AT&T’s (NYSE:T) network

• Reports say Google (NASDAQ:GOOG) is testing its driverless car

• China’s CNOOC (NYSE:CEO) is undertaking its first US deal since 2005, with an offer of up to $2.16 billion for a stake in Chesapeake Energy’s (NYSE:CHK) Eagle Ford Shale holdings in Texas

• Deutsche Bank (NYSE:DB) upgraded EMC (NYSE:EMC) from “hold” to “buy,” taking the price target from $20 to $25

• Deutsche Bank (NYSE:DB) upgraded BlackRock (NYSE:BLK) from “hold” to “buy,” with a price target of $195. However, Deutsche Bank downgraded T. Rowe Price (NASDAQ:TROW) from “buy” to “hold”

• FBR maintained an “outperform” rating on Tesco (NASDAQ:TESO), with a price target of $17

• Goldman Sachs (NYSE:GS) added Broadcom (NASDAQ:BRCM) to its Conviction Buy List, with a target price of $44

• Susquehanna maintained a “positive outlook” on McMoRan (NYSE:MMR), taking the price target from $18 to $23

Company News for October 11, 2010 – Corporate Summary

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