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Dana Blankenhorn

 
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  • The Big Microsoft Move Just Not Justified [View article]
    Haven't read Network World's coverage, sorry. If Nadella had done anything to change Microsoft significantly I would be bullish. But he hasn't. It's all smoke and lay-offs. I missed the big move in HP as well, but they too have yet to attain any organic growth.
    Aug 22 08:46 PM | Likes Like |Link to Comment
  • IBM's Problems May Be Fatal [View article]
    As CTR. The company was renamed and became IBM only in 1914. http://ibm.co/1ohSMQL Anything before Thomas Watson Sr.'s hiring is pre-history.
    Aug 22 10:47 AM | 1 Like Like |Link to Comment
  • IBM's Problems May Be Fatal [View article]
    Great tech companies need great leaders or they flounder. Period. You acknowledge Rometty is not a great leader. She's more like Opel and Akers, who left IBM vulnerable to the first kid with a clue who came along. In that case it was a kid named Gates. In this case, it's a kid named Larry Page.

    Sitting on your ass and missing technical revolutions while you book dividends and buy back stock is no way to grow a tech company. And tech companies either grow or they die. Even big ones can die.
    Aug 22 10:45 AM | 6 Likes Like |Link to Comment
  • GE Problems Are Structural But Are They Permanent [View article]
    As a dividend stock GE is inferior to many many other dividend stocks whose returns are well established, including REITs and Yieldcos. A taxable yield of 3.34% is barely competitive with a 10-year Treasury yielding 2.5%. And the capital gain on treasuries, over the last few months, has been better than what GE has delivered.
    Aug 22 10:42 AM | Likes Like |Link to Comment
  • GE Problems Are Structural But Are They Permanent [View article]
    GE has cash. The value of that cash goes up as interest rates go up. Your ability to invest out of cash goes up as interest rates go up. Your ability to sustain yourself in a market, against competition, improves with cash as its value goes up. GE has cash.
    Aug 22 10:40 AM | 1 Like Like |Link to Comment
  • How Much Is Amazon.com Worth Now? [View article]
    Just because two companies go after the same half of the demographic doesn't mean they're direct competitors.
    Jul 30 11:51 AM | 1 Like Like |Link to Comment
  • How Much Is Amazon.com Worth Now? [View article]
    If you see AMZN as primarily a tech stock, and I do, then its present valuation is far from unreasonable at two times sales. IF you see it as a retailer, then I agree, sell sell sell.
    Jul 29 02:35 PM | Likes Like |Link to Comment
  • How Much Is Amazon.com Worth Now? [View article]
    WMT's problem has nothing to do with AMZN, in my view. It has to do with their failure to lure customers whose income is above the median. Treating your poors like garbage may work with other poors, but those who can afford better don't usually like being reminded of it, through poor treatment from put-upon workers coming back at them.
    Jul 29 02:34 PM | 1 Like Like |Link to Comment
  • The Coming Cloud Crash [View article]
    My view of HP's future is pretty dark, frankly. If they think they're going to get the profits lost in PCs and servers back in cloud they got another think coming.
    Jul 29 02:32 PM | 1 Like Like |Link to Comment
  • The Coming Cloud Crash [View article]
    Once the crunch hits I don't see it as a positive. A REIT is in the business of extracting profits and handing them to investors, but what happens when profits disappear, even for a little while?
    Jul 29 02:32 PM | Likes Like |Link to Comment
  • Winners And Losers In The IBM-Apple Deal [View article]
    Your point on AMZN is intelligent and worth pursuing further.
    Jul 16 08:03 PM | Likes Like |Link to Comment
  • Winners And Losers In The IBM-Apple Deal [View article]
    My main problem with your analysis is that AAPL and IBM are selling at a discount (in terms of price-earnings) to companies like MSFT and INTC.
    Jul 16 08:02 PM | Likes Like |Link to Comment
  • Winners And Losers In The IBM-Apple Deal [View article]
    IBM is in the process of selling its chip foundries to Global Foundries. There's a difference between doing chip design and chip manufacturer. Increasingly they are different businesses.

    There are, in fact, only four foundries left, thanks to Moore's Second Law -- Intel, Global, Samsung and Taiwan Semi. You'll notice that the two foundries are market laggards. It's not where the profits are.
    Jul 16 02:37 PM | Likes Like |Link to Comment
  • Winners And Losers In The IBM-Apple Deal [View article]
    I don't think Intel is going to buy out Taiwan Semi. But I do think they need to consider splitting the company, between the foundry and the chip design business. The two sides of the company are dragging each other down.
    Jul 16 02:35 PM | 1 Like Like |Link to Comment
  • Is Yahoo More Than Alibaba? [View article]
    You write well. You should be contributing your own stuff to Seeking Alpha. And I appreciate your noting at the bottom of your last that you hold positions in Yahoo. Admirable sense of ethics. Thanks for writing.
    Jul 9 01:49 PM | Likes Like |Link to Comment
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