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Davidoff

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  • Google (GOOG) is on the verge of closing a $1.3B acquisition of Waze, according to Globes. Talks with Facebook (FB) fell apart in late May over location issues. Apple (AAPL) was also thought to be a suitor of the mobile navigation app provider until Tim Cook said otherwise. [View news story]
    EU has nothing to say regarding an acquisition of an Israeli company by an American corporation. While an opposition issued by the US Government is very unlikely in wake of all the commercial agreements between the US and Israel.
    Jun 9 11:11 AM | 2 Likes Like |Link to Comment
  • On top of reporting of iPad Mini production cuts, Citi's Glen Yeung says checks indicate iPhone 5S (AAPL) production has been "delayed by 2-4 weeks, likely due to display issues," and that the retina iPad Mini has been delayed until late Q4 or early Q1 2014. Yeung doesn't see the 5S production delay stopping a Sep. launch, but thinks it could limit supply. On a more encouraging note, he still expects a 4.8" iPhone 6 to launch in Q1. Also: Apple has filed a patent application for an end-to-end mobile payments platform (USPTO filing). Speculation Apple will leverage iTunes credit card data (now 500M accounts strong) and AuthenTec's fingerprint tech to delve into mobile payments has been running high for a while. (Jefferies[View news story]
    I wouldn't allow any corporation collect private biometric information, cause not one single firewall is secured enough to protect that data. Any kind of information could be extracted by cyber criminals and in that case it's not going to be just some credit card numbers. Finger prints is a way too sensitive information to be transferred through the Internet and it can be easily misused in many ways. The most terrible consequence is certainly the theft of identity. And all these risks, just because people want to innovate the payment means, like if the cash and the credit cards weren't enough. The oldest things are the safest.
    Jun 8 03:52 PM | 2 Likes Like |Link to Comment
  • Pictures of Nokia's (NOK +1.4%) rumored EOS phone - a Lumia device said to feature a 41MP image sensor similar to that of the Symbian-based 808 PureView - have leaked. Like the 808, the EOS has a giant, protruding, camera module on its back, replete with a large flash. In-line with a May report, it also appears to have a polycarbonate body and a ~4.5" display. Sources tell The Verge the pictures are of "genuine engineering samples," that Nokia is expected to launch the device in July, and that AT&T (T) will exclusively sell it in the U.S. [View news story]
    It's true that the phone is not really good looking, however it looks much better than 808 and it has much better specifications. Nokia is trying to target a large proportion of customers who have been expecting for years to get an excellent, almost professional camera in their phones. If the camera configurations are as good as we could expect and if the price is in the range of the Lumia 920, we could fairly expect Nokia to sell 2-3m devices per quarter. This phone could be a perfect fit for the photo amateurs, massively present in the emerging markets.
    Next versions, with more elegant designs should become best sellers, however, Microsoft will have to work with Nokia on a competitive Windows 8 photo software for PC.
    Jun 6 11:21 AM | 5 Likes Like |Link to Comment
  • Nokia Is Getting Better But There's A Large Risk Looming [View article]
    Mr Santos,

    I don't see Microsoft making a phone and I don't see Nokia making a tablet (but they will probably launch a phablet). These two companies have some sort of secret gentlemen agreement and it would harm both of the companies if they'd suddenly start to work against each other. Now their bonds are way too strong to go back on their cooperation. For instance, why would Microsoft start giving money to Nokia if they wanted to launch their own phone? It just doesn't make any sense. Also, Nokia offers the most advanced functions of all the Windows Phones on the market. Would a Microsoft Phone be able to compete against them? And finally, all the Microsoft's commercials and promotional campaigns present Nokia as a "Windows Phone", they actually never even call it a "Nokia". So at this point, it's extremely likely that Nokia would eventually be bought out by Microsoft and it should happen this autumn or at the beginning of the next year. However, if Nokia would suddenly announce an Android phone, that would certainly mark the fact that Microsoft isn't interested in purchasing Nokia and in that case we should expect a Microsoft Phone.
    Jun 4 09:30 AM | 2 Likes Like |Link to Comment
  • Why Apple Will Repeat History And Plunge Into The Abyss: Time To Call It Quits [View article]
    Apple seems to be in a perspective of accumulating capitals and I think that this is Apple's main weakness. The fact that Apple spent years to spare over a hundred of billions and couldn't find anything better to do, instead of spending half of it in a shares buy back is a terrible sign. Apple is a tech company that can't transform it's cash reserves into anything concrete. Their R&D results seemed extremely poor, while their R&D spendings are low in perspective of their funds.
    So Apple can release a low-cost iPhone, an even more low-cost iPad or any low-cost product that they wish in order to raise the last pennies. However, if their only goal is to raise more capital and deposit it on a savings account, it's completely useless. The classic business model tends to use that strategy in order to invest in company's future development and R&D, while Apple is a turtle wasting its funds and losing its momentum. Soon enough, the concurrence and the fallen leaders will completely overtake the sleeping giant. Apple is the perfect example of the Solow's model.
    May 28 04:34 PM | Likes Like |Link to Comment
  • Why Apple Will Repeat History And Plunge Into The Abyss: Time To Call It Quits [View article]
    Correction : Apple *was* the most secretive company under Jobs. When pictures of the iPhone 5 were all over the Internet 6 months before the official release killed the myth. It was the same with iPads and MacBooks Pro Retina. So since we don't see any stolen pictures of any new devices, it's highly possible that there is nothing to expect in the coming 6-8 months...
    May 28 04:18 PM | 1 Like Like |Link to Comment
  • Tim Cook's Improbable Victory In Washington [View article]
    Lopakaii,

    Any company, that earns money abroad must pay taxes in each country where it works. It's a simple matter of respect and ethics. There is no free lunch and especially in taxes matters. Today corporations like Apple, Amazon or Starbucks abuse of EU tax weakness, tomorrow it will certainly turn against them. It's already being publicly discussed by political opposition parties in countries like UK, France, Spain, Scandinavian countries, etc to set restrictive and punitive measures against the corporations that evade taxes in EU. Some politicians offer to close the frontier to these products or set huge importation taxes. Without even mentioning a huge boycott campaign going against US companies like Apple or Starbacks in Europe. I wonder how a couple of saved billions today will impact on their earnings in 5 years from now and if this tax evasion really worth it! Image is essential for consumer companies and once it's lost, it's really hard to gain it back.
    May 22 02:03 PM | 4 Likes Like |Link to Comment
  • Apple (AAPL) releases Tim Cook's official statement (.pdf) to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments. Among other things, Apple claims it paid ~$6B in federal taxes in FY12 and a 30.5% effective federal tax rate, and that its foreign units don't engage in the practices the hearing focuses on (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." (previous[View news story]
    Ben,

    Samsung works in a completely different environment. One huge family controls Samsung, LG, Huyndai, Kia (among others), the biggest Korean banks and is part of the Korean government. In other words, it's not how a democratic state should function. Samsung is going to be advantaged no matter what, cause they still work like if there were no anti-trust laws and like if there wasn't any conflict of interest notions.
    Moreover, you should know that the United States are a founder and a member of the WTO. An organization, that aims to prevent any unloyal move like the one, that you'd like to be applied, that would tend to advantage national corporations. So I don't think that any Government should advantage their own corporations in any way, as long as they are WTO members. I'd push instead countries like South Korea, China or Japan toward a more ethical business models.
    May 21 07:47 PM | Likes Like |Link to Comment
  • Google (GOOG) roundup: 1) YouTube's video upload rate has passed 100 hours per minute. That's up from 72 hours last year, and 48 the year before. The milestone comes as YouTube expands live streaming support, and announces plans to unify its design across devices/platforms. 2) In July, Dell (DELL) will begin selling Project Ophelia, a $100 USB flash drive-shaped device that allows any monitor with an HDMI port to be turned into an Android PC. Dell is also working on "a keyboard-like technology for users to type when Ophelia is docked to a screen." [View news story]
    There are limits to everything. With a $999 price tag for a simple Apple screen you can easily imagine how much a 40" iTV would cost. I'm not sure that many people could afford that.
    May 20 08:45 PM | Likes Like |Link to Comment
  • Apple (AAPL) releases Tim Cook's official statement (.pdf) to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments. Among other things, Apple claims it paid ~$6B in federal taxes in FY12 and a 30.5% effective federal tax rate, and that its foreign units don't engage in the practices the hearing focuses on (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." (previous[View news story]
    Apple and other corporations don't pay taxes anywhere. They don't pay taxes in the US nor in the EU. Repatriation is simply one side of the coin and since they don't pay taxes abroad it wouldn't kill them to pay taxes to bring the funds back to the US. It could hardly be considered as being a double taxation. Everyone pays taxes. Personally I pay 60% on my salary and 34% on my companies. So how comes that corporations shouldn't do the same? It's a plain greed and I just don't understand how anyone can defend them.
    May 20 08:39 PM | Likes Like |Link to Comment
  • Apple (AAPL) releases Tim Cook's official statement (.pdf) to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments. Among other things, Apple claims it paid ~$6B in federal taxes in FY12 and a 30.5% effective federal tax rate, and that its foreign units don't engage in the practices the hearing focuses on (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." (previous[View news story]
    Chabig,

    I don't live in the US, so I'm under a different fiscal system and I don't have any mortgage either. However, I'd like to bring to your attention that there is a huge difference between a fiscal deduction, that every citizen can use and that has been put in place by the Governement in order to boost the economy and a monstrous scheme, that Apple uses. Apple simply transfers its funds to Holland, then to Belgium and finally to Ireland in order to pay a scandalous and greedy 6% tax rate without benefiting to any economy and creating any jobs. Do you know anyone who'd pay 6% of taxes and would pretend that it's legal?
    May 20 07:58 PM | Likes Like |Link to Comment
  • Google (GOOG) roundup: 1) YouTube's video upload rate has passed 100 hours per minute. That's up from 72 hours last year, and 48 the year before. The milestone comes as YouTube expands live streaming support, and announces plans to unify its design across devices/platforms. 2) In July, Dell (DELL) will begin selling Project Ophelia, a $100 USB flash drive-shaped device that allows any monitor with an HDMI port to be turned into an Android PC. Dell is also working on "a keyboard-like technology for users to type when Ophelia is docked to a screen." [View news story]
    That's how you kill any smart TV for just $100. The one who would definitely be late for the party is Apple, if they eventually release their TV. I doubt that an iTV would cost $100 more than a simple flat screen TV and would offer more functions than Ophelia.
    May 20 07:50 PM | Likes Like |Link to Comment
  • Apple (AAPL) releases Tim Cook's official statement (.pdf) to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments. Among other things, Apple claims it paid ~$6B in federal taxes in FY12 and a 30.5% effective federal tax rate, and that its foreign units don't engage in the practices the hearing focuses on (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." (previous[View news story]
    Pocahonta,

    It must be fun to believe in fairytales at your age... In the real world, what is called "tax planning" for multinationals is a plain and simple tax evasion for a common citizen. If any person would use the same shady schemes as the corporations do, that person would already be sitting in jail. People get prosecuted for much less than that. You can't "optimize" your taxes and pretend being completely rightful. Either you pay all your taxes, either you evade them. And excuse me, but pretending that Apple thinks about their shareholders by not paying their taxes is a complete nonsense.
    May 20 06:20 PM | 3 Likes Like |Link to Comment
  • Apple (AAPL) releases Tim Cook's official statement (.pdf) to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments. Among other things, Apple claims it paid ~$6B in federal taxes in FY12 and a 30.5% effective federal tax rate, and that its foreign units don't engage in the practices the hearing focuses on (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." (previous[View news story]
    It might surprise some people, but corporations aren't some extra-governemental entities without any State and allowed to do anything they want. They *should* obey the laws like any other small business does. Apple uses any possible loopholes, any existing tax shelter and fiscal heavens to optimize their taxes and thus to steal money, mainly from the US government, but not only. Some might say that everything that isn't illegal must be tolerated, however I doubt that Apple or any other multinational corporation should be encouraged and be proud of publicly evading taxes and moreover be invited with a red carpet to the Congress in order to expose what their vision of taxation would be. It's like watching Madoff talking about his vision of market regulation. The real economy is built on the small business. People who work in their country, who pay every penny, that they owe to the State and hire national workers without enslaving some Chinese students. But somehow, I doubt that an owner of some bookstore or some restaurant would be invited to the Congress, even though, these people might know much more about the business than some IT geek, whose only merit is to have been close to Steve Jobs. Apple is American only when it comes to its image, but it is certainly not American anymore when it comes to paying its fair share and I find it shameful, disrespectful and morally reprehensible.
    May 20 05:06 PM | Likes Like |Link to Comment
  • "There are only four sources of high-quality maps," Google, Waze, Navteq, and TomTom (TMOAF.PK), says Rolfe Winkler, and given Facebook's rumored $1B acquisition of Waze, TomTom may become an attractive takeover target for the likes of Apple (AAPL) and others who, while able to drive a hard bargain on map licensing fees, may prefer to bid for the Netherlands-based company rather than worry that a rival will acquire it. TomTom trades at an EV/EBITDA ratio of just 6x. (From December: Rabobank puts AAPL/TomTom odds at 30%) [View news story]
    Apple decided to use their own programming codes and data in Plans, but they leased TomTom's maps, graphics, 3D images, guidance, etc. So basically, everything that people liked about Plans came from TomTom and everything that they hated came from Apple.
    May 19 09:16 AM | 2 Likes Like |Link to Comment
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