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Michael Eisenberg

 
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  • Vringo Receives Positive Overall Rulings [View article]
    Feeling kind of foolish that I sold my VRNG stock a few months back :( Way to go Andrew.
    Jun 19 04:35 AM | Likes Like |Link to Comment
  • Facebook (FB) falls through $38 in premarket trade, -2.7% to $37.20. Have the underwriters - who unleashed incredible firepower to hold $38 on Friday - gotten to their desks yet?  [View news story]
    Reminder to all pundits. AMZN broke its IPO price on first week as well. Lay off FB & judge in few years. Some CEOs build for long term
    May 21 09:05 AM | 1 Like Like |Link to Comment
  • A 4 Point Plan For Yahoo's Digital Media Future [View article]
    cash and asian assets and 700 million monthly visitors. that makes it one of the biggest media companies on the planet
    May 16 02:53 PM | Likes Like |Link to Comment
  • A 4 Point Plan For Yahoo's Digital Media Future [View article]
    This article from TR is very relevant to the above post especially about HTML5 and curated content http://bit.ly/L03wAb

    here are some interesting sentences:

    "But the real problem with apps was more profound. When people read news and features on electronic media, they expect stories to possess the linky-ness of the Web, but stories in apps didn't really link. The apps were, in the jargon of information technology, "walled gardens," and although sometimes beautiful, they were small, stifling gardens. For readers, none of that beauty overcame the weirdness and frustration of reading digital media closed off from other digital media.

    Without subscribers or many single-copy buyers, and with no audiences to sell to advertisers, there were no revenues to offset the incremental costs of app development. With a couple of exceptions, publishers therefore soured on apps. The most commonly cited exception is Condé Nast, which saw its digital sales increase by 268 percent last year after Apple introduced an iPad app called Newsstand that promoted the New York publisher's iPad editions. Still, even 268 percent growth may not be saying much in total numbers. Digital is a small business for Condé Nast. For instance, Wired, the most digital of Condé Nast's titles, has 33,237 digital replica subscriptions, representing just 4.1 percent of total circulation, and 7,004 digital single-copy sales, which is 0.8 percent of paid circulation, according to ABC.

    Today, most owners of mobile devices read news and features on publishers' websites, which have often been coded to detect and adapt themselves to smaller screens; or, if they do use apps, the apps are glorified RSS readers such as Amazon Kindle, Google Reader, Flipboard, and the apps of newspapers like the Guardian, which grab editorial from the publishers' sites. A recent Nielsen study reported that while 33 percent of tablet and smart-phone users had downloaded news apps in the previous 30 days, just 19 percent of users had paid for any of them. The paid, expensively developed publishers' app, with its extravagantly produced digital replica, is dead.

    Here, the recent history of the Financial Times is instructive. Last June, the company pulled its iPad and iPhone app from iTunes and launched a new version of its website written in HTML5, which can optimize the site for the device a reader is using and provide many features and functions that are applike. For a few months, the FT continued to support the app, but on May 1 the paper chose to kill it altogether.

    And Technology Review? We sold 353 subscriptions through the iPad. We never discovered how to avoid the necessity of designing both landscape and portrait versions of the magazine for the app. We wasted $124,000 on outsourced software development. We fought amongst ourselves, and people left the company. There was untold expense of spirit. I hated every moment of our experiment with apps, because it tried to impose something closed, old, and printlike on something open, new, and digital.

    Last fall, we moved all the editorial in our apps, including the magazine, into a simple RSS feed in a river of news. We dumped the digital replica. Now we're redesigning Technologyreview.com, which we made entirely free for use, and we'll follow the Financial Times in using HTML5, so that a reader will see Web pages optimized for any device, whether a desktop or laptop computer, a tablet, or a smart phone. Then we'll kill our apps, too."
    May 16 04:54 AM | Likes Like |Link to Comment
  • A 4 Point Plan For Yahoo's Digital Media Future [View article]
    Romit - It sounds like we are in violent agreement. Point #4 above is they need the talent. The Talent needs a challenge. That challenge is a browser. A new browser for curated content that owns mobile and TV and works on the web. Maybe they can buy Rocketmelt. Maybe someone else. Or maybe they can find a visionary product person who can light a fire under this vision. In order to do this, they need the vision and the plan first. Great talent does not come to amorphous strategies and product plans.
    May 16 04:14 AM | Likes Like |Link to Comment
  • A 4 Point Plan For Yahoo's Digital Media Future [View article]
    atshannon1 - If I was not clear enough in my post, that is exactly what I am advocating. They need to build a browser that owns mobile and TV but also works well on a new web paradigm of curated content.
    May 16 04:11 AM | Likes Like |Link to Comment
  • Goldman is bullish on gold, noting last year's breakdown of the correlation between real interest rates and the metal's price is about to reassert itself (when real rates fall, gold rises). Seeing a weak economy prompting more easing by the Fed and a drop in real rates, gold should return to above $1,800. Gold -0.5% to $1,678.  [View news story]
    I am not a gold bug. I am a hedger with Gold. I agree on the point that Gold has correlated highly with the stock market which has removed some of the hedging power. I think the reason for this are ETFs like GLD which has psychologically turned Gold into a stock and not a commodity.

    However, Gold is still a "limited supply" commodity and i view it as a currency hedge (depends which currency you buy your Gold in). It is also still conceived of as a safe haven to many investors. Gold has been going up for years so it is hard to point to one event. The commenter was looking for an exit point, not a long term view on Gold which I think works in cycles, much like everything else in the economy.
    Mar 29 09:43 AM | Likes Like |Link to Comment
  • Goldman is bullish on gold, noting last year's breakdown of the correlation between real interest rates and the metal's price is about to reassert itself (when real rates fall, gold rises). Seeing a weak economy prompting more easing by the Fed and a drop in real rates, gold should return to above $1,800. Gold -0.5% to $1,678.  [View news story]
    William - I am no expert but you and I are in the same boat exactly! Thinking that if something bad happens in either Greece, Portugal, or Iran Gold is likely to spike. That is what I am looking at.
    Mar 28 08:54 AM | Likes Like |Link to Comment
  • The Obesity Epidemic: 2012 May Bring Hope [View article]
    Drugs are not the answer. The Betterness way to fight Obesity is education, local, organic cocktail. I love the Edible Schoolyard http://bit.ly/HbmVjT. It is awesome.
    Mar 27 12:22 PM | Likes Like |Link to Comment
  • Is FedEx Slowdown A Warning Sign For Amazon And Google? [View article]
    Good comment on the consumer disposable income side
    Mar 25 11:13 AM | Likes Like |Link to Comment
  • Is FedEx Slowdown A Warning Sign For Amazon And Google? [View article]
    Bachar - I was thinking over the weekend about a similar correlation between Amazon and Fedex but along a different axis. I was going to write a post but instead I will comment here. I think this may also explain the correlated trade you pointed to above and why in september to December fedex fell first.

    The key line in my opinion is not the revenue hit but the margins.

    You write " Analysts had forecast earnings of $1.98 for next quarter, while FedEx now sees its next quarter's earnings at $1.75 to $2. This was triggered by management's expectations for sluggish worldwide growth with a forecast for a mild European recession"

    I think the key issue on earnings is fuel costs. With the rise in the price of Oil and limited future hedging (guess), profits will come down. Amazon's profits are also dependent on the price of oil. Because Amazon offers Prime Customers free shipping and other free shipping promotions, they are impacted by the cost that shipping costs Amazon which is directly impacted by the cost of fuel and rising costs at Fedex and UPS. Amazon Prime is an annual and sometimes bi-annual membership so if the cost of fuel and hence shipping rises during the year of membership, Amazon has to eat that on its most valued customers which are likely its most frequent shoppers.

    I have tremendous faith in Jeff Bezos to run Amazon's business at Low margins but he also runs it for the long term so he will likely compromise short term profitability due to rising fuel costs' impact on shipping and not disappoint his most valued customers.
    Mar 25 06:48 AM | Likes Like |Link to Comment
  • Wall Street is losing some of its cachet among America’s best and brightest college students, and is facing a serious recruiting problem. As its professional image continues to get tarnished by a series of highly publicized industry scandals - such as the one buffeting Goldman right now - college students who were once attracted to prestigious banks like moths to bonfires have begun turning to other industries in search of success.  [View news story]
    And farming!
    Mar 17 03:30 PM | 2 Likes Like |Link to Comment
  • Groupon's Lose-Lose Scenario [View article]
    Big Thunder - Interesting comment on adverse selection in Groupon's merchants. It also explains low stickiness.
    Feb 9 11:04 AM | Likes Like |Link to Comment
  • How Barack Obama Can Bring Manufacturing Jobs Back To America [View article]
    yes :)
    So did David House and Gordon Moore (actually Moore did research)
    http://bit.ly/zyECwH
    Jan 31 04:51 PM | Likes Like |Link to Comment
  • Why I'm Sticking With VocalTec After the Ymax Merger [View article]
    Pete - Interesting that you posted this comment today. I got a call earlier today from a trader saying that he wishes he had loaded up on CALL 3+ months ago after he bought a magic jack for everyone in his family. It is a pity I am not in the stock any more.
    Jan 31 04:50 PM | Likes Like |Link to Comment
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