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  • Myriad Genetics: Strong Results Ahead Of Supreme Court Decision [View article]
    PSalerno,

    What is your take on the at least six companies by my count (Gene By Gene, Ambry, Quest, plus a couple of others) announcing that they will offer BRAC tests within weeks? Looks like the cDNA patents may not be enough. True MYGN could sue everyone in sight, but I'm inclined to think all these companies have IP lawyers too and must be quite sure of their ground. Don't you think MYGN earnings are going to be affected? If I'm an insurance company I'm going to only pay for the cheapest test. And if I'm medicare, certainly I'm not paying for MYGN

    Also you mention MYGN bought rights to the MITF gene. Isn't that wasted money now? Also isn't the ruling going to affect other parts of MYGN's business such as the prostate cancer tests assuming that other vendors can come up quickly with their own tests.

    Do you still stand by your opinion of MYGN prospects, after the anouncements by the other companies today of their own BRAC tests? Of course this is a selfish question, I bought a large number of $36 strike puts for $1 and am trying to figure out a bottom for MYGN

    Thanks and btw your prediction of the SCOTUS was spot on.
    Jun 13 10:19 PM | Likes Like |Link to Comment
  • Today's Supreme Court ruling did indeed deal a blow to Myriad's (MYGN +7.8%) claim to have right to be the sole user of the BRCA1 and BRCA2 genes, mutations in which show a high risk for breast and ovarian cancer. However, the court was very careful to narrow its decision not to rule on any applications of what MYGN had learned about the two cancer-suggesting genes. Nor did it limit any right to a patent on MYGN's methods for manipulating the genes, for which some are viewing today's decision as a partial victory for the company. [View news story]
    The stock price says otherwise.
    Jun 13 06:58 PM | Likes Like |Link to Comment
  • Myriad Genetics: Strong Results Ahead Of Supreme Court Decision [View article]
    This is the part I don't understand - why is the stock UP? It means some worse anticipated outcome was avoided. But then the only worse outcome would have been that the SCOTUS upheld the patents. How would that have been a worse outcome? You go figure.
    Jun 13 11:20 AM | Likes Like |Link to Comment
  • Lululemon (LULU) Chairman Dennis Wilson sold $49.5M worth of the company's stock as part of a prearranged 10b5-1 plan on Friday, the day that the board was notified that CEO Christine Day intended to leave. Shares plummeted 17% on Tuesday after Lululemon announced Day's departure the day before. Wilson had no influence on the trades that were made, Lululemon said. [View news story]
    Yeah, right.
    Jun 13 07:28 AM | Likes Like |Link to Comment
  • Clearwire (CLWR) officially endorses Dish's (DISH) $4.40/share tender offer, calling it in the "best interest of Class A stockholders." Clearwire's special committee now unanimously opposes Sprint's (S) $3.40/share buyout offer, and the company has rescheduled a shareholder vote on the Sprint deal set for Thursday to June 24. Dish's offer, which is subject to 25% of Clearwire shares being tendered, is now good until July 2. Even if Sprint's merger with SoftBank (SFTBF.PK) goes through, Dish's possession of a large minority stake in Clearwire gives it leverage to strike a favorable 4G network deal. (WSJ report[View news story]
    Prediction - DISH will lose the bid for Sprint, wind up owning a bunch of CLWR, and eventually sell it for a big loss.
    Jun 12 10:21 PM | Likes Like |Link to Comment
  • Splunk - Investors Are Comforted By Solid Revenue Growth And Margin Recovery [View article]
    Check out my article on the 'Big Data' hype here on SA. I'm not posting a link, since I don't want to seem like I'm trolling for clicks (can't believe anyone writes articles here for royalty, I assumed it's for the reader feed back which is [mostly] useful)
    Jun 4 10:15 AM | Likes Like |Link to Comment
  • Vringo (VRNG -2.8%), VirnetX (VHC -4.5%), Acacia (ACTG -7.7%), Wi-Lan (WILN -2.2%), and RPX (RPXC -1.8%) slide after the WSJ reports Pres. Obama is expected to announce 5 executive actions and 7 legislative proposals taking aim at perceived patent trolls, including legislation enabling sanctions against litigants filing lawsuits deemed abusive, and orders to the USPTO to "train examiners to scrutinize applications for overly broad patent claims." The report follow harsh Feb. remarks from Obama about patent trolls, as well as recent DOJ/FTC hearings regarding their activity. [View news story]
    Why is the biggest troll of all time, Apple, up today?
    Jun 4 10:09 AM | Likes Like |Link to Comment
  • Zynga (ZNGA +0.6%) is laying off 520 employees, or 18% of its workforce, Kara Swisher reports. The layoffs, said to be aimed at more strongly focusing Zynga towards mobile, will reportedly lead to the shuttering of the company's NYC, L.A., and Dallas offices, and also "the slashing of other infrastructure costs." $80M in staff savings are expected. Zynga has already been aggressively paring its headcount and investments in the face of slumping usage and revenue for its Facebook PC games; the company's R&D spend fell 31% Y/Y in Q1, and its sales/marketing spend 52%. [View news story]
    Now they will really have to use public transport and ride a bike...let us see how much they like it
    Jun 3 05:48 PM | Likes Like |Link to Comment
  • Apple (AAPL +1%) roundup: 1) Indian iPhone sales continue to surge with the help of aggressive pricing (sacrificing margins for growth), installment plans, and a marketing blitz: Credit Suisse estimates monthly Indian sales are now near 400K, up from just 70K-80K recently. 2) By contrast, Apple has raised iPad/iPod prices in Japan thanks to a weak yen. No word on whether the iPhone, whose Japanese sales have soared, has also seen hikes. 3) A panel image leak for the 5th-gen iPad shows a slimmer form factor, with bezels perhaps even thinner than the iPad Mini's. 4) The App Store still has a 73%/27% monetization edge over Google Play (GOOG), per Distimo, though that's down from November's 81%/19%. [View news story]
    A real Kodak moment there...
    May 31 01:53 PM | Likes Like |Link to Comment
  • Apple (AAPL +1%) roundup: 1) Indian iPhone sales continue to surge with the help of aggressive pricing (sacrificing margins for growth), installment plans, and a marketing blitz: Credit Suisse estimates monthly Indian sales are now near 400K, up from just 70K-80K recently. 2) By contrast, Apple has raised iPad/iPod prices in Japan thanks to a weak yen. No word on whether the iPhone, whose Japanese sales have soared, has also seen hikes. 3) A panel image leak for the 5th-gen iPad shows a slimmer form factor, with bezels perhaps even thinner than the iPad Mini's. 4) The App Store still has a 73%/27% monetization edge over Google Play (GOOG), per Distimo, though that's down from November's 81%/19%. [View news story]
    From the same article in ET (emphasis mine)

    "The super aggressive pricing and advertising blitzkrieg on the iPhone 4 and iPhone 4S *****older models that are not sold in any other country****, created a strong foothold for iPhone as a product in India."

    "that is nearly 3% share of handset sales"

    Wonder how much of the other 97% of handsets sold in India goes to Samsung?
    May 31 11:54 AM | Likes Like |Link to Comment
  • Procter & Gamble: Is A.G. Lafley's Return A Reason To Buy The Stock? [View article]
    Many store brands are essentially the same thing as the branded product. CPG manufacturers exploit the fact that consumers don't know which is which (unless they come home and do an internet search) An app that can scan the bar codes of unbranded products to indicate the branded equivalent or vice versa, may really kill sales. Such an app would provide the information at the store shelf.

    hmmm....
    May 29 09:40 AM | Likes Like |Link to Comment
  • Obamacare Part I - Will Insurance Companies Survive? [View article]
    As the regulations come out, they add more color to the law itself. However, I'm sceptical that the open enrollment periods could be effective, given that people can enroll in the very next open enrollment period. So for a broken leg, you may be out of luck, but for a slow growing cancer or a heart condition or any elective surgery, you can get insurance when you need it and not before.
    May 29 07:51 AM | Likes Like |Link to Comment
  • Marchers in more than 400 cities across 52 countries took part in protests against Monsanto (MON) today, calling attention to what they say are dangers posed by genetically modified foods. Monsanto is "poisoning our children, poisoning our planet," claims one of the organizers. The company says its seeds help farmers produce more from their land while conserving resources such as water and energy. [View news story]
    I think the protesters know too little science to know that genetic modifications take place all time, that is how evolution works. Just so happens some naturally occurring modifications equip a plant or animal to survive better, so what if Monsanto speeds the process. So when they protest GM food, I wonder, do they know how they got here from the primeval soup?
    May 26 12:19 AM | 6 Likes Like |Link to Comment
  • There's no bounce today for Facebook (FB -3.5%) whose slide today takes the stock to a new YTD low. The only news of note is Google's (GOOG) rumored entry into the Waze bidding amid reports Waze isn't interested in Facebook's desire to have part of the team move to Silicon Valley. Adding Waze would make Google Maps an even more robust product while keeping Facebook off of its territory. [View news story]
    A lot of the hype about using Waze to sell coupons for local businesses is just hype. The real problem with using Waze is that unless you are in a car and connected to a charger, the GPS uses up the battery so fast. Waze simply doesn't do much without the GPS on. I used Waze for a while and when the GPS was off (which was always, unless I was navigating somewhere in a car) Waze waza wazte
    May 24 09:04 PM | 3 Likes Like |Link to Comment
  • Cognizant Technology Solutions' Management Presents at Barclays Global Technology, Media and Telecommunications Conference (Transcript) [View article]
    "And a lot of banks are surely recognized, in many cases, it's not. Asking this customer to "Get in their car, find parking, drive, wait in line and get up from sleep and work there for 6 days and just no idea who you are," as opposed to a really customized and tailored social experience and interface through their tablet."

    I see - a meeting and conducting business real live human being at your local bank branch is not "social". Poking your finger at a greasy screen trying to transact business with a crappy app, THAT is social.

    I better short CTSH if it employs clueless jokers like this.
    May 23 10:29 PM | Likes Like |Link to Comment
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