If you're feeling good about the market, you're not alone. Take my hand as we go over some of this week's more uplifting headlines.
1. HP is finally Hurd out
After threatening to sue Mark Hurd for joining a rival tech giant, Hewlett-Packard
HP may or may not have been wrong in dismissing Hurd as its CEO, but it made the embarrassing move of paying out a chunky severance and getting steamed about its disgraced chieftain landing on his feet so quickly.
Either way, both HP and Hurd can now put this ugly summer incident behind them.
2. Coming soon to a theater near you
It's been a busy week for IMAX's
On Monday, it announced a deal with Korea's leading multiplex operator to open 15 IMAX screens in China. Earlier that day, it had issued a press release touting a 13-screen stateside deal with Rave, the country's fifth largest exhibitor.
Wednesday greeted investors with a deal by domestic operator Cobb for four screens, followed yesterday by a contract with Russia's Karo to open as many three IMAX theaters.
Do the quick math and IMAX inked four deals that will add as many as 35 screens to its empire. It took all year for IMAX to sign up that many screens in 2009.
The concerns of IMAX's ability to have lasting power are legitimate given the fickle patterns of moviegoers, but it's hard to argue that the larger IMAX grows through seasoned overseas partners, the harder it will be for both film studios and audiences to ignore the IMAX box office potential.
3. Family tree bears fruit
Acquisitions typically lead to shareholder dilution, so you have to applaud how Ancestry.com
It's a small deal, valued at $27 million in stock, cash, and assumed liabilities. However, the leading genealogy site with 1.3 million paying subscribers is making sure that investors won't even notice the 1 million shares that Ancestry.com will have to print out to seal the deal. It announced a $25 million share repurchase along with the deal.
Why not? Ancestry.com is still flush with cash from last year's successful IPO.
4. A tip of the hat
Shares of Red Hat
Red Hat has built a successful subscription model, building enterprise solutions on top of Linux. Yes, Linux is freely available. It's open source. However, as CEO Jim Whitehurst explained to fellow Fool Anders Bylund on Wednesday night, Red Hat excels in "taking the open-source development model and making that into an enterprise-class, stable ecosystem that's just gonna work."
You know what doesn't work? Analysts. The pros have historically underestimated Red Hat's earnings potential. The software service provider has landed ahead of Wall Street's profit target in 11 of the past 12 quarters.
5. Putting clerks to work
Sirius XM Radio
Indie director and writer Kevin Smith isn't enough to fill the potential void at XM, but it's a start.
Sirius XM announced that XM would begin broadcasting Smith's weekly Smodcast podcasts on Saturday afternoons. Sure, the roughly hourlong shows are freely available online and through Apple's
Smith and Smodcast partner Scott Mosier will also be creating a special monthly podcast that will air only on XM.
It's a good deal and likely a cheap one. Smith has hipster cred from the growing ranks of people who routinely quote lines from Clerks, Mallrats, or Chasing Amy. Smith and Mosier will also likely plug the XM offering during their free weekly Smodcasts, so it should be a decent subscriber recruitment tool, too.
True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community.
Longtime Fool contributor Rick Munarriz is an optimist at every turn. He does not own shares in any of the stocks in this story. Rick is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.