Mark Zuckerberg says Facebook is preparing to launch "something awesome" next week. Speculation is already circulating it's going to announce the much-anticipated app for the iPad. AAPL shares flat AH. [View news story]
What is so awesome about that? Thats pretty expected as a standard requirement.
Spreadtrum Communications Survives Short Attack: Turning Point for the Sector? [View article]
SPRD now up significantly over where MW released its report. The one way game is clearly over. Traders will now have to actually read the report and decide if it has any legitimate claims.
MySpace: Cautionary Tale for Social Networking? [View article]
A lot of demand exists for a network for the young crowd. Facebook is far from hip and is now crowded with parents. Whether new ownership can turn around the ship is a big question, but I sure wouldn't put my faith in Facebook being the leader forever. Don't forget that YHOO was the cool, hip website back in 2000. Still remember the day when a young kid thought it was funny that I had a Yahoo! credit card. Knew at that point that YHOO the stock would be dead.
Life Insurance Stocks Trading Below Book Value [View article]
Looks like Doug Kass is most bullish on the Life Insurance sector. Check out Fast Money tonight. Hard to argue with his reasons. If you want financial exposure, they are a much better option than banks.
RIM's Information Circular Says It All [View article]
Not so sure RIMM was ever the phone of choice other than the default phone b/c it allowed for work email access. Now that other phones handle that service just as well if not better, RIMM is losing huge market share.
Honestly, how many people bought a RIMM phone b/c it was the coolest phone around?
News Corp. (NWS +1.2%) agrees to sell Myspace to Specific Media in a deal valued at $30M-$40M, WSJ reports, well below the $100M it was seeking for the troubled social media site. News Corp. will retain a small stake. Myspace has begun laying off more than half of its ~500 employees in conjunction with the transaction. [View news story]
First comment was about another topic.
As fas as Myspace, maybe its too late to turn around that site, but alot of demand exists for a social media site similar to what Myspace provided. Facebook has quickly become a family site where some users are now creating multiple IDs so that parents don't see what they are up too and this includes people in their 30s and 40s.
News Corp. (NWS +1.2%) agrees to sell Myspace to Specific Media in a deal valued at $30M-$40M, WSJ reports, well below the $100M it was seeking for the troubled social media site. News Corp. will retain a small stake. Myspace has begun laying off more than half of its ~500 employees in conjunction with the transaction. [View news story]
All this nonsense sounds like teenage girls fighting over who has the nicest clothes. The US will pay all its bills no matter what they call it.
Spreadtrum Communications Survives Short Attack: Turning Point for the Sector? [View article]
Possibly, but if those stocks are frauds than it won't be a turning point for them. The point is that a lot of legitimate companies have been thrown out with the bath water. SPRD and to some extent HRBN has started to show a turn in the market that the shorts aren't always right. Without solid allegations the stock won't just drop b/c MW or Little issues a report. If they find another fraud, than that stock will be hammered but the legit ones will obtain more reasonable prices.
The shorts really seem to be grasping for straws whether they've run out of the home run frauds or they are just hoping now to gain off past success.
Life Insurance Stocks Trading Below Book Value [View article]
True, but in the end earnings are all that matters for all stocks. Some sectors get focused on revenue and EBITDA in the short term, but thats what really ends up hurting them.
Bruce Bartlett talks about who does and doesn't pay federal taxes, and the results may surprise: More than 100,000 filers with incomes above $200,000 will pay nothing this year. "It's not socialism to ask them to pay something," Bartlett writes, adding that "the growth of the non-income-taxpaying population is largely a result of Republican tax policies." [View news story]
This article doesn't explain how one could have $200K income and not pay taxes. If one relies on capital losses, than you don't have income of $200K. Capital losses can only offset capital gains except for a small amount.
Whats wrong with municipal bonds? These people are taking lower interest rates in order to help a govt bond issue. Take away that deduction and the govt would have to pay higher rates and the net gain to system would be zero.
Still haven't proven that somebody making $200K+ is getting a tax benefit that hurts the tax system. They aren't getting child or mortgage credits that eliminate taxes. They aren't getting elective benefits that a rich person shouldn't otherwise need.
Companies are starting to spend some of their record piles of cash, but for most, the cash is still piling up faster than they are able or willing to spend it. Half of executives in a new survey said their cash balances would hold steady in the coming year, 29% said the balances would increase, and 21% said they would contract. [View news story]
Piling up faster is the part that most investors miss. Any analysis of cash balances tends to forget that US companies continue to pile up record amounts of cash and any spending usually doesn't even match what is being made.
Zynga could file for its much-anticipated IPO as soon as Wednesday, and is expected to raise $1.5B-$2B and potentially value the company as high as $15B-$20B, CNBC reports. A fundraising round earlier this year tagged the maker of popular Facebook games such as FarmVille with a valuation of $10B. Morgan Stanley (MS) has been selected as lead underwriter. [View news story]
yep, should not have a larger value than ATVI. Zynga is too reliant on Facebook to be worth this much.
Spreadtrum Communications Survives Short Attack: Turning Point for the Sector? [View article]
Mark Zuckerberg says Facebook is preparing to launch "something awesome" next week. Speculation is already circulating it's going to announce the much-anticipated app for the iPad. AAPL shares flat AH. [View news story]
Weekly Claims Data: The Road to Nowhere? [View article]
Spreadtrum Communications Survives Short Attack: Turning Point for the Sector? [View article]
MySpace: Cautionary Tale for Social Networking? [View article]
Life Insurance Stocks Trading Below Book Value [View article]
RIM's Information Circular Says It All [View article]
Honestly, how many people bought a RIMM phone b/c it was the coolest phone around?
News Corp. (NWS +1.2%) agrees to sell Myspace to Specific Media in a deal valued at $30M-$40M, WSJ reports, well below the $100M it was seeking for the troubled social media site. News Corp. will retain a small stake. Myspace has begun laying off more than half of its ~500 employees in conjunction with the transaction. [View news story]
As fas as Myspace, maybe its too late to turn around that site, but alot of demand exists for a social media site similar to what Myspace provided. Facebook has quickly become a family site where some users are now creating multiple IDs so that parents don't see what they are up too and this includes people in their 30s and 40s.
News Corp. (NWS +1.2%) agrees to sell Myspace to Specific Media in a deal valued at $30M-$40M, WSJ reports, well below the $100M it was seeking for the troubled social media site. News Corp. will retain a small stake. Myspace has begun laying off more than half of its ~500 employees in conjunction with the transaction. [View news story]
Spreadtrum Communications Survives Short Attack: Turning Point for the Sector? [View article]
The shorts really seem to be grasping for straws whether they've run out of the home run frauds or they are just hoping now to gain off past success.
Life Insurance Stocks Trading Below Book Value [View article]
Bruce Bartlett talks about who does and doesn't pay federal taxes, and the results may surprise: More than 100,000 filers with incomes above $200,000 will pay nothing this year. "It's not socialism to ask them to pay something," Bartlett writes, adding that "the growth of the non-income-taxpaying population is largely a result of Republican tax policies." [View news story]
Whats wrong with municipal bonds? These people are taking lower interest rates in order to help a govt bond issue. Take away that deduction and the govt would have to pay higher rates and the net gain to system would be zero.
Still haven't proven that somebody making $200K+ is getting a tax benefit that hurts the tax system. They aren't getting child or mortgage credits that eliminate taxes. They aren't getting elective benefits that a rich person shouldn't otherwise need.
Companies are starting to spend some of their record piles of cash, but for most, the cash is still piling up faster than they are able or willing to spend it. Half of executives in a new survey said their cash balances would hold steady in the coming year, 29% said the balances would increase, and 21% said they would contract. [View news story]
Not All Chinese Stocks Are Frauds - Expect Surviving Companies to Trade Up [View article]
Zynga could file for its much-anticipated IPO as soon as Wednesday, and is expected to raise $1.5B-$2B and potentially value the company as high as $15B-$20B, CNBC reports. A fundraising round earlier this year tagged the maker of popular Facebook games such as FarmVille with a valuation of $10B. Morgan Stanley (MS) has been selected as lead underwriter. [View news story]