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darekz

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  • China's New Smartphone OS May Be A Dark Horse In The Mobile Horse Race [View article]
    eVD was Chinese indigenous video disk technology and stands for "Enhanced Versatile Disc". It was actually all together different video system, designed to avoid need to pay royalties for mpeg technology embedded in DVD. EVDs were based on codecs VP5 & VP6 and produced apparently better quality, but died because of mass adoption of cheap pirated DVDs. The EVDs titles were limited and hard to come by and players were more expensive than traditional DVD players... Even the gov't campaign stopped after half a year and the players disappeared from shelves soon after...
    Jan 18 12:52 AM | 1 Like Like |Link to Comment
  • China's New Smartphone OS May Be A Dark Horse In The Mobile Horse Race [View article]
    10+ years ago China launched own DVD system (eVD or something like that) also with gov't support, apparently even offering better quality at the time. With great fanfare the players went on sale and a few dozens of titles... Half a year later they were all forgotten... Maybe this time will be different...
    Jan 17 10:06 PM | Likes Like |Link to Comment
  • Apple's iPhone 5C Is Not Cheap Enough [View article]
    Perhaps 5C is not cheap enough but I bet will have great margin. But forget the 5C margins. The real margin booster will be that $29 silicon case that probably costs less than a buck to make!
    Sep 11 10:31 PM | Likes Like |Link to Comment
  • Rate worries again rout income favorites [View news story]
    It begs to quote Dan Norcini - “Top pickers and bottom pickers eventually become cotton pickers”.
    Aug 19 07:58 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]
    If such scheme is illegal then I am sure Apple would be fined, persecuted and a slew of people would end up in jail. Since that did not happen, it must be perfectly legal. If you like companies to stop going through such hoops to save bucks, perhaps stop blaming companies and start blaming the tax system that allows that, and better yet the creators of such tax system.
    May 21 02:35 AM | 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]
    Just a side note. Apple does NOT pay minimum wages in China (more correctly Foxconn). In fact Foxconn pays fairly high wages (at least twice the wages of a construction worker), provides free dormitories and food. Foxconn offers better working conditions than many Chinese companies do, and offers highly valued among Chinese workers opportunity to work overtime and make extra money. In reality working at Foxconn is so sought after that when Foxconn hires, lines are forming days in advance and up to horizon. If these were in fact minimum wages and so dreadful conditions that would clearly not be the case. Just a side thought
    May 21 02:26 AM | 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]
    The issue arises because US corporate tax rate is higher than in other countries so any company that repatriates profits to US would have to pay the tax on the differential. Uncle Sam counts on big take but in reality gets zilch because bigger tax on nothing (no profit repatriation) is less than a lower tax on something. It is clear that if Uncle Sam wants some of corporate America profits made overseas transferred back to US, it needs to lower tax rate or will never see these profits coming. If the US corporate tax was the same as say China, then tax issue would be not even a consideration in decision whether to bring profits to US or not. No bucks for Uncle Sam from a transfer in this case directly but there would be taxes indirectly from investment and resulting from it employment etc. If in present tax environment Apple decided to bring profits to US regardless, perhaps for "patriotic reasons" it would be perhaps patriotic but also would show blunt disregard for fiscal responsibility to Apple shareholders, and I bet the stock price would react accordingly...
    May 21 02:15 AM | Likes Like |Link to Comment
  • CVR Refining (CVRR): Q1 EPS of $1.34. Revenue of $2.27B. (PR[View news story]
    I hope that will not be the case... This stock came down from nearly $36 Not that long ago.... There is a lot of going up to be made to close that gap... That said I am sure tomorrow it will give back some of that jump if not before the close today.
    May 2 12:18 PM | Likes Like |Link to Comment
  • Tesla: The Ultimate Disrupter [View article]
    @ Value Horizon: From Tesla website direct (not from a Tesla blog):

    "A Battery Replacement Option will be available for purchase soon"

    http://bit.ly/tiMLk6

    Emphasis on "Soon"
    Mar 5 02:30 AM | 1 Like Like |Link to Comment
  • Tesla: The Ultimate Disrupter [View article]
    Here are some links: http://tinyurl.com/857...

    http://bit.ly/15uD4Lb

    There are more if you google.

    @Yuro: The cases i read about were: one customer left a car for a week at the airport and battery was dead when he returned, another guy was renovating his garage and parked a car outside charging through an extension cord, apparently amperage drop from using long extension cord was sufficient from preventing battery from recharging, another guy shipped his car to Japan and battery died in shipping. While last case might be somewhat unique, the other are just normal use of car I would say.

    I am not saying that Tesla is a bad car, knowing the issue is there, with just some extra caution, the battery will never die. But to me the huge battery replacement cost risk hanging over buyer's head would be significant to think twice before buying such car. I of course don't have spare $12k lying around just in case I need a new battery but I am sure for a lot of readers on this website, this might be just a spare change...
    Mar 5 02:23 AM | 1 Like Like |Link to Comment
  • Tesla: The Ultimate Disrupter [View article]
    I recall reading about issues with the Tesla battery. Apparently if the battery drains below 4%, battery dies. The replacement cost reported by the customers was $36k.... This is currently not covered by warranty or insurance. This issue is a single reason why I would wait with purchasing Tesla (both car and stock). Tesla on their website states that they "will" offer a "battery replacement option" - a battery replacement cost under this option will be $12k. Though significantly lower than the current $36k, the wording "will" implies it is still not offered. There is also no cost of this option stated and $12k replacement cost remains high.
    Mar 4 04:11 PM | 2 Likes Like |Link to Comment
  • 3 Long Buys You Will Never Regret - Part 2 [View article]
    "Currently, the company has around 1 billion mobile users in China." just curious if you are referring to Apple or China Mobile. It reads to me as if this refers to Apple. I do not know actual number of Apple users in China but according to World Bank China population is 1.344 billion, what would mean that nearly everybody that can read in China is already using Apple... 1 billion Apple users may seems a just a tad high...
    Feb 15 04:47 PM | 1 Like Like |Link to Comment
  • Can You Still Own Apple? [View article]
    China Telecom is a junior player in China market. China Mobile is likely what counts. I visit China 1-2 per year and happened to be there during iPhone 5 launch. No visible excitement, nothing like a year ago. I know, I know, Chinese are buying online now and there was a pre-order system, blah, blah, blah... A short trip to Apple store reassured me that the excitement is nowhere near last year level. Last year you could not stick your finger into an Apple store, this year plenty of space at the tables - looks like some Chinese lost the zest for fiddling with Apple devices. So I hopped over to a Starbucks next door and "conducted" another unscientific test - I looked around and this year there were just as many Galaxies as iPhones, but, yes iPad was absolute king. I made similar observations on Beijing subway. A friend of mine told me that whoever wanted an iphone already has it, so I would not bet a farm on mind blowing sales increase once a rumored China Mobile contract is signed. Yes, I am convinced a stock will pop initially but would the CM iphone sales figures live up to expectations, that is another question. For one thing China Mobile 4G network is TDMA, there is currently no iphone accommodating this technology. I bet it is not a big deal to add it however it may take some time to rump up production so initial sales after announcement will not be huge one way or another and may disappoint a few analysts and when analyst get disappointed we now know all too well what follows...
    Jan 29 11:37 PM | Likes Like |Link to Comment
  • Apple Investors' Greatest Weakness [View article]
    Let's hope charts are right;-)
    Nov 3 02:59 AM | 2 Likes Like |Link to Comment
  • Apple Investors' Greatest Weakness [View article]
    Most people have contracts so they pay around $200 for an iphone... that is not that different from the comparable (spec-wise) droids...If market drives prices down, the droids should suffer more than Apple who managed to maintain higher margins. If margins are slashed by half many droid manufactures will have to close the shop while it could be just a hick-up for Apple... At the end the market left by exiting manufactures will be split by the best, and chances are Apple will be among them... What this will do for Apple stock is a separate story both short term and long term.
    Nov 3 02:45 AM | Likes Like |Link to Comment
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