Don't blame CEO Stephen Elop for Nokia's (NOK) woes, says Juuso Myllyrinne. The problem lies in an ancient engineer-dominated culture that obsessed over hardware while failing to appreciate the need for an appealing, unified software ecosystem that consumers and developers could get behind. It's worth noting many of those engineers aren't happy with Elop. [View news story]
Well all that happened is that Nokia went 3 years into the future, which is when things would have turned so bad (IMHO) if they didn't do something drastic. Then it would have been too late to salvage Nokia. This might just be early enough in the game that it might work. I recently opened a long position in NOK. I feel it is more likely that my Nokia will double in a year than my Apple. It is risky. I might go to zero but Nokia is a valuable company for patents alone. They are worth atleast 2$/share in IP (my opinion).
Don't blame CEO Stephen Elop for Nokia's (NOK) woes, says Juuso Myllyrinne. The problem lies in an ancient engineer-dominated culture that obsessed over hardware while failing to appreciate the need for an appealing, unified software ecosystem that consumers and developers could get behind. It's worth noting many of those engineers aren't happy with Elop. [View news story]
I would venture to guess that if the "deal goes sour", i.e. Nokia tanks, MSFT will probably acquire it. After all Google acquired Motorola and MS needs to compete. And like with the XBox, MSFT can eat the loss for a prolonged period until it emerges successful. Other than Nokia and RIMM, all other manufacturers are committed to Android. Microsoft needs Nokia to succeed for the future of Windows on mobile devices.
My 2 Best-Performing Stocks Of The Last Year [View article]
Yeah BGS has had a big shift towards intangible assets while increasing their debt. Doesnt look like a very good sign but I'm not exactly sure how much of that was caused by their acquisition. I'm guessing most of it. I'm hanging on now because I expect the company to do ok once the dust settles.
The DOJ could reportedly sue Apple (AAPL) and Macmillan today over the alleged fixing of e-book prices while coming to a settlement with Simon & Schuster (CBS), Hachette and HarperCollins (NWSA). Justice wants a deal that would let Amazon (AMZN) and other retailers, not the publishers, decide what to charge customers. [View news story]
Why not? I don't go to the theaters anymore but when I did I would have paid more to see a big budget special effects movie as opposed to a low budget flick
No Such Thing As Free Checking: The Next Wave? [View article]
I made this exact argument in one of the comments on my Bank of America article. Some guy who was long BAC said that the bank expects to make 30 billion dollars in the next three years at which point I commented that is is ridiculous for bank making 30billion to charge 5$ for a checking account because even if they hit 10 million customers (unlikely) with that fee it is only 600 million.
I will extrapolate saying there can only be two reasons to do this 1. big banks want to permanently rid themselves of unprofitable customers (aka lose as many of the remaining 20% customers as they can) 2. Checking is going to get more expensive for everyone at the big banks because this $5/$7 will not generate any significant revenue and that will go up.
The CRA AFAIK did not force, it just allowed and encouraged lending to non-qualified borrowers but you can correct me if I'm wrong. Also there is no definite correlation between the CRA and the crisis from my readings.
No Such Thing As Free Checking: The Next Wave? [View article]
The problem here is not that it costs banks to do this. It always has and always will. But starting to charge for something that has always been free is not good. Also in case you haven't noticed Wells Fargo takes the money out of your account before 5 days before their delivery of checks and 3 days before electronic payments. Also it is not necessary that the checks are cashed as soon as they are received. So for a few days your money is in the Wells Fargo black hole. That hopefully pays for part of their bill pay costs.
Even though I will not be charged the 7$ fee for my account, I'm just not happy with the way things are progressing. I'm sure the fees will come to me in a few years, if not months. So I'm voting with my feet.
Banks are closing because they made bad business decisions in housing. And there are enough banks around that nobody needs to create new banks. But as the investment firms get into the banking business, the industry will change.
Even though there might not be traditional banking startups there are lots of innovative financial startups. Maybe traditional banking is becoming obsolete.
Don't blame CEO Stephen Elop for Nokia's (NOK) woes, says Juuso Myllyrinne. The problem lies in an ancient engineer-dominated culture that obsessed over hardware while failing to appreciate the need for an appealing, unified software ecosystem that consumers and developers could get behind. It's worth noting many of those engineers aren't happy with Elop. [View news story]
Don't blame CEO Stephen Elop for Nokia's (NOK) woes, says Juuso Myllyrinne. The problem lies in an ancient engineer-dominated culture that obsessed over hardware while failing to appreciate the need for an appealing, unified software ecosystem that consumers and developers could get behind. It's worth noting many of those engineers aren't happy with Elop. [View news story]
My 2 Best-Performing Stocks Of The Last Year [View article]
The DOJ could reportedly sue Apple (AAPL) and Macmillan today over the alleged fixing of e-book prices while coming to a settlement with Simon & Schuster (CBS), Hachette and HarperCollins (NWSA). Justice wants a deal that would let Amazon (AMZN) and other retailers, not the publishers, decide what to charge customers. [View news story]
Nokia Aims Directly At Apple And Google With New Ad Spots [View article]
Honda's Dividend Is Best In Class [View article]
Apple iPad3 Rumor Run-Down [View article]
http://bit.ly/HcZAwM
No Such Thing As Free Checking: The Next Wave? [View article]
No Such Thing As Free Checking: The Next Wave? [View article]
I will extrapolate saying there can only be two reasons to do this
1. big banks want to permanently rid themselves of unprofitable customers (aka lose as many of the remaining 20% customers as they can)
2. Checking is going to get more expensive for everyone at the big banks because this $5/$7 will not generate any significant revenue and that will go up.
The New iPad Event Rundown [View article]
No Such Thing As Free Checking: The Next Wave? [View article]
Does Bank Of America Get It? [View article]
No Such Thing As Free Checking: The Next Wave? [View article]
No Such Thing As Free Checking: The Next Wave? [View article]
Even though I will not be charged the 7$ fee for my account, I'm just not happy with the way things are progressing. I'm sure the fees will come to me in a few years, if not months. So I'm voting with my feet.
Banks are closing because they made bad business decisions in housing. And there are enough banks around that nobody needs to create new banks. But as the investment firms get into the banking business, the industry will change.
Even though there might not be traditional banking startups there are lots of innovative financial startups. Maybe traditional banking is becoming obsolete.
No Such Thing As Free Checking: The Next Wave? [View article]