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Davidoff

Davidoff
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  • BlackBerry down 6.6% as analysts react to earnings [View news story]
    ELLAS,

    So can we expect that Passport and Classic would have their worldwide release by 2017, or is it still too soon and optimistic? 2020? I suppose that the world is not ready yet for these masterpieces. Therefore Chen keeps his precious phones for family and friends only. Blackberry realized such an achievement by conceiving these jewels of technology and competitors fell so far behind that Chen, being a man of honor, gave them 2-3 years to catch up Blackberry. What a man!

    More seriously, if Chen doesn't know anything about production, supply chain and distribution, besides how to layoff people and cut their expenses, I'm sorry to say that, but you are obviously not praying the right Messiah. Here in Europe we've got plenty of Passports and Classics in stores and on Internet stores, but somehow nobody buys them. Perhaps next quarter Chen will try to sell these in McDonald's and Beauty shops, so that he could say that they are still not being sold everywhere and that is why their revenue and sales numbers will not be included in the next earnings reports. Unfortunately his excuses begin to get way too dubious and at least as old as Passport is about to become next quarter...

    Saying that these phones don't sell would have been so much easier and honest. But no, let's hide as much information as possible and maybe eventually shares will rise. - TH v2.1
    Mar 30, 2015. 11:07 PM | 5 Likes Like |Link to Comment
  • BlackBerry down 6.6% as analysts react to earnings [View news story]
    "We need to see a full quarter of Classic and Passport sales now that carriers are assisting once more."

    And you claim that Bears live in the past and repeat the old same arguments? I've been hearing you and other longs talking about the supposed full quarter sales of Passport and Classic, but somehow it never comes. That unicorn quarter keeps systematically to be postponed.

    Let's just make it clear. Do you expect higher device sales, or do you hope that BB would become a software company? In the first case, maybe they will sell 200k more devices eventually... In the second case, with 10% of the revenue in software there is simply no chance for that to happen.

    Maybe one day, in 10-15 years from now you will finally dare to face the dire reality and eventually you will realize that the whole story about the Walhalla and the 70 virgins that Chen and Heins have been feeding you during these last 3 years was a complete utopia.

    I really hope that you will be rational enough to head to the exit before Chen will jump from this Titanic with his golden fat greasy parachute.
    Mar 30, 2015. 04:22 PM | 5 Likes Like |Link to Comment
  • Apple sets Watch prices; pre-orders start on April 10 [View news story]
    Correction : iWatch is SUPER -DUPER interstellar status. It says "I can throw $17,000 in a trash can and I don't care, cause next year I'll be doing it again for the next generation simply to prove that I still can".
    Mar 9, 2015. 03:23 PM | 12 Likes Like |Link to Comment
  • Apple sets Watch prices; pre-orders start on April 10 [View news story]
    Yes, it's hard to admit, but you're most probably right. I clearly underestimate people's stupidity. Moreover, if the golden watch works out, it wouldn't be surprising to see a "Vertu" version of iPhone and iPad in the very near future. After all, I doubt that they opened fashion/luxury departement only for the watch.
    Mar 9, 2015. 03:12 PM | 1 Like Like |Link to Comment
  • Apple sets Watch prices; pre-orders start on April 10 [View news story]
    Well, maybe they will sell 1,000 golden watches worldwide, who knows. A lot of noise for nothing. At most they will steal some customers from Casio and Swatch, but not even sure of that with a maximum of 18 hours for the battery life...

    I really thought that the golden edition would cost $2,000-4,000. Let's be clear, while Swiss watch makers use ultra expensive mechanisms made of gold and precious gems, here you've got only a slim golden body. A golden Swiss watch is different of a steel watch not only from the outside, but also from the inside with a much more expensive and complexe mechanism. Here you get the exact same $349 watch with the only difference is that it's made of gold. Sorry, but it doesn't worth over 28 times more.

    Moreover, when you buy a Rolex, a Hublot, an IWC or whatever luxury Swiss watch for more that $10k, you keep it for decades and you can even resell it, while this first version of Apple watch will be out of trend in 2 years. Even worth, knowing Apple, the OS won't be supported in 3-4 years and apps won't run. As a result you will have a golden piece of trash.

    Clearly, it's a robbery and I really think that it's going to be the first and the last golden edition from Apple.
    Mar 9, 2015. 02:52 PM | 16 Likes Like |Link to Comment
  • U.S. oil inventory highest in 80 years; crude drops below $47 [View news story]
    Alex,

    If your input price decreases, it means that your margin increases on the output. If oil price goes down, ceteris paribus, your refining margin increases, so I don't really follow your logic. Oil price decreased by roughly 60%, while the price at the gas stations decreased by roughly 25-30%. Refiners and governments (tax revenue) make even more money today, since much more people can afford a cheaper gas, while their main input costs them 60% less than only 5 months ago.
    Jan 22, 2015. 01:38 PM | 1 Like Like |Link to Comment
  • U.S. oil inventory highest in 80 years; crude drops below $47 [View news story]
    Markets perceive it as on oversupply and demand insufficiency. Another financial dogmatism, but honesty, I don't know who is being wright right now. Fracking system actually did increase the production and the efficiency. Market was supposed to equilibrate itself, since that methodology isn't profitable at such low price levels, but it should take at least 6 months.
    On the other hand you've got regions such as Libya and Iraq that have been taken over by Islamist regimes. They sell oil at extremely low prices to finance their regimes and their warfare. I suppose that they flooded the black market and that's why a lot of shady companies and even countries became much more reluctant to buy at the legal market at higher prices. Thus, the demand became actually much lower than it used to be. I think that today's situation reflects the oversupply of illegal commodities, that take away the demand on the legitimate markets. I doubt that a higher productivity played a significant role in that downtrend. Oil prices began to decrease precisely when journalists started to write about how ISIS finances its activities, through the sale of Iraqi oil reserves. I doubt that it is a simple coincidence.
    Jan 22, 2015. 01:20 PM | 2 Likes Like |Link to Comment
  • Gold rallies as Swiss abandon euro floor [View news story]
    The Swiss legal system works through referendums. It means that if the Swiss government would decide to join EU they will have to submit that proposal to the popular vote. If you analyse the most recent referendum results that have a direct link to Swiss integration to EU, such as immigration laws, you clearly see that at least 50% of people wish to keep their sovereignty.
    Today, through the bilateral agreements with EU, Switzerland is de-facto a EU member State, without any representation of Switzerland in the European Commission or Parliament. However, in the most recent years, people showed that they would like to see Switzerland becoming much more independent of EU by cutting most of the ties with EU.
    As I see it, Switzerland will never fit into EU. On one hand they have an extremely strong national ideology and political neutrality towards international relationships. On the other hand there are way too many cultural differences that would never allow Switzerland to fit well into the European politics. For example, weak federal government >< strong cantonal governments, the only Western European State with compulsory military service, legal fire weapons circulation, obscure financial system (even without banking secret through secret hedge funds), free cash circulation (the only country in Europe where there are no cash purchase limits >< limited to 3.000€ in EU), highest wages and the lowest university degrees rate in Europe. I can go on and on. People don't feel European, they feel Swiss and there is absolutely no chance that any referendum proposal would pass.
    If Switzerland becomes a EU member, it will be comparable to the UK and it would complicate the EU decision making system even farther. I don't see that happening any time soon. Besides the economical point of view, it wouldn't be advantageous neither for EU, nor for Switzerland. I must say that I doubt that it would even be advantageous for Swiss economy on the long term either.
    Jan 15, 2015. 09:11 AM | 6 Likes Like |Link to Comment
  • BlackBerry beats by $0.06, misses on revenue [View news story]
    Neither! In both cases the company is in a terrible shape and needs tremendous improvements. Chen has probably done only 30% of his job at the moment. The remaining 70% are revenue, sales and image improvements and it's definitely the hardest part.

    But it's ok, keep looking at the half full glass! It's the least you could do considering the pre-market.
    Dec 19, 2014. 07:48 AM | 5 Likes Like |Link to Comment
  • BlackBerry beats by $0.06, misses on revenue [View news story]
    $793M in revenue? I think that they have just beat their own personal record! Even though the company got much more cost efficient, people are obviously not buying their products. The company KEEPS shrinking. If you consider the fact that they laid off a huge part of their workforce and sold all the assets that they could, unless the company shows some revenue improvements, it will become an extremely tiny corporation very soon. It's good to make some profits, but the present valuation is simply not justified with such a low revenue and sales. If you take off the tax credits, all the subsidies and especially NON-GAAP, well, you don't have much left. BBRY is kept artificially alive by its accountant engineering, nothing more. Unless we see $1B in revenue next quarter, it's pointless to expect any upside. Once Chen's (TH 2.0) magic will vanish and we are extremely close to it, BBRY will vanish as well.
    Dec 19, 2014. 07:28 AM | 9 Likes Like |Link to Comment
  • Cigars part of U.S./Cuba deal [View news story]
    Castro dynasty is close to their end and they perfectly realize that. Cuban people are genuinely unsatisfied by their life conditions while they perfectly realize that Castro family sit on billions. In what other country of the world doctors dream to become taxi drivers? Cuba and that absurd regime live upside-down and it is about to end pretty soon. Market will become more liberal, people will buy computers and will discover Twitter, Facebook, alternative media channels and soon Cuba will become the next Tunisia or Egypt.

    Castro are businessmen before anything else and they need to stop that embargo because there is absolutely no money left in Cuba to steal. They already put their greedy hands on everything they could, while their family grows bigger and bigger.

    Now United States are going to have another "partner" parasite to feed with their tax revenue. Put another country on the long list of America's needy friends who are going to get billions each year while spitting on the American flag, without any economical or political spillovers for the US.

    I suppose that it's the perfect timing for Cuba. Obama desperately craves to be considered as the new Kennedy by historians and journalists and he makes any absurd move he can in that way. On the other hand Russia announced that it wanted to reopen its Cuban military base a couple of days ago. Well, turns out Cuba is already sold to the US.
    Dec 17, 2014. 04:06 PM | 1 Like Like |Link to Comment
  • Oil plumbs new lows as inventories unexpectedly rise [View news story]
    To be honest I'm not an oil industry expert. However, I read a lot of studies explaining that since most of the US oil results of the infamous fracking technic, producing oil at less than $70 is simply unsustainable. Even though, as it is being mostly admitted, fracking technics got much more cost efficient during the last 5 years, it is still a much more expensive production method than the regular drilling.

    So the recent slump has 2 most obvious consequences :
    1. US won't become the world's first oil producer unless oil gets back to its initial price range.
    2. Without the massive US production, oil supply will go much lower and thus prices will go up again.

    Correct me if I'm wrong, but I don't see oil staying at $60 for much longer. It will take maybe an extra month for the Wall Street experts to realize that, but I think that there is a lot of money at stake for those who will go long at these prices.
    Dec 10, 2014. 02:02 PM | 3 Likes Like |Link to Comment
  • EU lawmakers vote for Google breakup [View news story]
    hk,

    Saying that there won't be any European wars in the future just because there is a Union, is completely absurd. Ukraine might be the prefect example of that precarious heaven. Moreover, the most hazardous element of that tricky European equation might actually be its own citizens. We might face a civil or even a secession war in a very near future. EU opened the gates to all the polarizing elements of the society, such as Islamists, Communists, extreme left Socialists, Anarchists, Neo-Nazis and Ecologist Hippies. Somehow instead of bringing peace and security, EU created even more instability. In my lifetime I've never seen so many separatists taking such dire actions simultaneously. As an example you could take Corsica, Catalonia, Scotland, Flandres, Venice and many other tiny European regions fighting for their independence. Moreover, there are dozens of newly founded political parties that have their whole political program built on the retreat of the EU and in most European countries they take a huge share of votes. Marine Le Pen's "Front National" got the most votes in France at the European elections, UK's Ukip got second (Nigel Farage), Nederland's PVV (Geert Wilders) got fourth and so on and on. The Eurosceptic parties already represent 25-30% of the European Parliament. As I see it, the future of the European citizens became much more uncertain since the EU. Instability creates fears and it's bad for the economy and for the society's wellbeing.
    Nov 27, 2014. 05:34 PM | 3 Likes Like |Link to Comment
  • European Commission to accuse Apple over illegal Irish tax deals [View news story]
    "The OECD rules only came into force in 2010, and have yet to be adopted by Ireland."

    It remains extremely shady for "outsiders" to understand how the EU actually functions. Obviously, there is no common fiscal legislative background between countries, so it is completely impossible to define where is the limit between fiscal competition between member States, which is a grey zone and the governmental help to some national corporations, which is completely illegal in the European law. So even though Apple quit Ireland in 2007, it remains unclear which law EU is going to use to make Apple pay and sacrifice it as a public example. I wonder if Apple Europe subsidiary, formerly based in Ireland, could be presented as an Irish national corporation benefiting of illegal Irish State's aid, providing it with an unfair and uncompetitive advantage. As I see it, that's what EU officials are trying to lobby.
    Anyhow, I'm pretty sure that even though it's a political satire, Apple will still have to put its hands in the pockets and pay big time. In the best case it's going to be a huge settlement and in the worst case Apple will have to give back 100% of the tax benefits that it got from Ireland, which could potentially represent dozens of billions of dollars. That's usually what happens when you put your money offshore to "spare" a couple of bucks, governements always catch you up, take everything you owe them and even more. It's very unfortunate that Apple didn't see it coming 2-3 years ago.
    Sep 29, 2014. 09:49 AM | 1 Like Like |Link to Comment
  • Apple -2.8% as Bendgate, iOS 8.01 get more publicity [View news story]
    WisPoker,

    Sorry, but when you pay $1000 for a phone, quality and warranty service are the requested minimum. I'm sure that if you weren't owning shares, but instead bought an iPhone 6+ you wouldn't be whining like that and talking about intelligence. Compassion concerns me quiet more than intelligence and the thing is that Apple's first reflex was to bully their clients and to make them pay $300 extra to fix their phones. There are thousands of cases around the world and not only it gives a lot of unnecessary bad publicity for Apple, but it is also going to cost Apple a lot to replace these phones and to convince consumers that they are still decent enough to be purchased. Moreover, it shows that things aren't as under control as they used to be 5-10 years ago.
    Sep 25, 2014. 01:56 PM | 14 Likes Like |Link to Comment
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