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    • Wed Sep 24th 07:30 AM | Rating: 0 0
      Commented on:
      A Proposed Admirable Response to the Crisis
      The true problem in the credit crunch seems to be the accounting rule requiring mark to market. By making people write down assets because there is a temporary market lock up is ridiculous. Any asset priced a s if it must be sold tomorrow rather than in an orderly fashion (hold to maturity value discounted for market interest expectaions) causes the stated "value" to crater. Once the process starts, it snowballs. CDOs and similar products can not be valued because the market dried up. There is no market because everyoe is afraid of what the "mark to market" requirement will do to their balance sheets. If we get rid of the "mark to market" rule, the market will return, and stabiltiy will come back to the financial markets. Such an approach avoids the need to have the government create and finance a market.
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    • Tue Sep 23rd 23:16 PM | Rating: 0 0
      Commented on:
      Government Bailout: We Are All Keynesians Now
      The true problem in the credit crunch seems to be the accounting rule requiring mark to market. By making people write down assets because there is a temporary market lock up is ridiculous. Any asset priced a s if it must be sold tomorrow rather than in an orderly fashion (hold to maturity value discounted for market interest expectaions) causes the stated "value" to crater. Once the process starts, it snowballs. CDOs and similar products can not be valued because the market dried up. There is no market because everyoe is afraid of what the "mark to market" requirement will do to their balance sheets. If we get rid of the "mark to market" rule, the market will return, and stabiltiy will come back to the financial markets. Such an approach avoids the need to have the government create and finance a market.
      View article »
    • Tue Sep 23rd 23:08 PM | Rating: 0 0
      Commented on:
      Paulson/Bernanke: $700 Billion at 'Hold to Maturity' Pricing
      The true problem in the credit crunch seems to be the accounting rule requiring mark to market. By making people write down assets because there is a temporary markte lock up is ridiculous. Any asset priced a s if it must be sold tomorrow rather than in an orderly fashion (hold to maturity value discounted for market interest expectaions) causes the stated "value" to crater. Once the process starts, it snowballs. CDOs and similar products can not be valued because the market dried up. There is no market because everyoe is afrraid of what the "mark to market" requirement will do to their balance sheets. If we get rid of the "mark to market" rule, the market will return, and stabiltiy will come back to the financial markets. Such an approach avoids the need to have the government create and finance a market.
      View article »
    • Sat Sep 20th 09:18 AM | Rating: 0 0
      Commented on:
      Puts Instead of Shorts? Today's Activity
      There may be a greater use of puts, but that vehicle does not damage a stock the way shorting does. Shorts had three weapons (1) recognizing a truly overvalued co; (2) spreading rumors regardless of a company's intrinsic value and (3) mercilessly selling regardless of a company's intrinsic value in an attempt to drive down the shares. Only the fist weapon is appropriate, but the other two still existed and were, in my opinion used. Puts still permit bets based on the first approach, can still permit the second approach, but remove the ability to sell shares as part of a coordinated effort to drive th co down. Accordingly, I think the new rules are appropriate. The short sellers are screaming, but to teh extent they serve a legot purpose in identifying problem companies, they can contiue to do so and rely on puts. Barring the shorts prevents bear raids on otherwise solid companys.
      My HO only.
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    • Tue Aug 19th 16:14 PM | Rating: 0 0
      Commented on:
      Cellphone Showdown: Meet the GPhone
      Ok, there is an Android phone. Other than the association with Google, what is supposed to make it special?
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    • Thu Jun 5th 21:39 PM | Rating: 0 0
      Commented on:
      Does Yahoo Have an Apple-ish Turnaround Ahead of It?
      In response to you question: No, they do not have an "Apple-ish" turn around in their future as long as Yang is around. Notably IBM, Apple and HP all turned around only when disfunctional management was replaced.
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    • Wed May 28th 13:24 PM | Rating: 0 0
      Commented on:
      Cell-Tower Fatalities: 3G iPhones at Any Price?
      "Since April 12th, six cell-tower technicians have fallen to their deaths, and at least three of them were working on AT&T projects. During the four months before that, there were zero cell-tower fatalities."

      The "four months before that" were, of course the period commonly known as "winter," when one would generally expect less work on the outside lines if avoidable. How about a comparison to the same time frame last year? I bet more people have also been injured working on phone lines during daylight hours conclusively proving that it is safer to work at night.
      Half the workers injured were working on ATT "projects". That means half weren't. Do we have any basis to believe that the injured individuals were doing anything related to 3G? Or do you assume that all ATT "Projects" are 3-G related. How can you make an APPLE connection?
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    • Fri May 2nd 07:56 AM | Rating: 0 0
      Commented on:
      Microsoft: No Intention to Overbid Yahoo
      Microsoft should not go hostile. They should say that if Yahoo has not indicated an interest on talking realistically by next Friday, MSFT will not go hostile, will not raise their price, but rather, will walk away and exploit other opportunities. If they say it and mean it, Yang will be put in a corner where he has to talk.
      View article »
    • Wed Feb 27th 00:15 AM | Rating: 0 0
      Commented on:
      Fed Continues to Discourage Regular Joe Americans from Saving
      The truth is that the whole system is staked against savings. We hear that the US at all levels has to increase its savings rate, then we have an "estate tax" which penalizes you for saving. Proponents say it hits only the "rich", but unfortunately that is untrue. The rich know how to struture thier holdings in Trusts, family LPs and the like to legally avoid most of the estate tax bite. THe ones who get hit are the small farm and business owners, or those who, between their homes appreciation and life insurance proceeds never realized that they were "rich" enough to need tax planning. The rich escape the tax; middle to upper middle class taxpayers get crunched.
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    • Tue Feb 19th 07:44 AM | Rating: 0 0
      Commented on:
      Apple's AT&T Deal Is Costly
      I think that one of the reasons for the exclusive relationship were the critical changes jobs was able to force in ATT's offering approach and its relationsip w/the handset maker. Appl was the first co to force the telecoms to offer a fresh approach to the consumer. An offering to all carriers would not have allowed that -- Verizon had already balked. Jobs force a paradigm shift. The loss of revenue from unlocked phones is unfortunate, but there are many more innings to this game.
      View article »
    • Wed Jan 23rd 12:34 PM | Rating: 0 0
      Commented on:
      Blame it on iPod's Near Zero Growth
      When Apple sold its second iPod its sales had doubled. The sale of the third was a disappointment because sales growth had dropped off dramatically.
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    • Wed Jan 23rd 08:23 AM | Rating: 0 0
      Commented on:
      Wall Street Panics, Apple Pays
      Tne other item I would add to your list of positives:
      "1.44 billion in deferred earnings [attributable to iPhones sold during the last two quarters] up from $636 million last quarter". Those deferred revenues-- money in the bank waiting to be entered as earnings--will be a major benefit in the future.
      View article »
    • Wed Jan 16th 17:31 PM | Rating: 0 0
      Commented on:
      Need Netflix Worry Over Apple's Movie Rentals?
      A guess as to the goal: 1) DSL/FIOS will allow transmittal of basic TV programming through the computer 2) same can be accomplished over the internet 3) movies on demand come through Apple TV, also over the internet 4) Apple TV acts as a box to wirelessly connect to your computer and 5) Apple TV wirelessly connects to a new format large screen tv monitor.

      The result could be a TV viewing system with Apple's simplicity and elegance. The Apple TV box sits discretely on a shelf. A large screen sits on the wall with no wires (except maybe power if there is no hidden outlet behind the TV). Images come wirelessly form the box to the TV. Better yet, Jobs links it all to your MAC so you now have full computer/internet capability in your living room on the HD TV as well.

      Just a thought.
      View article »
    • Mon Jan 14th 08:23 AM | Rating: 0 0
      Commented on:
      Controversial Morning for Apple
      As other sources have reported, the breakdown in talks with CHina Mobile has opened the door for China Unicom. I is analagous to what happened in the US-- Verizon said no, ATT said yes. China Mobile may have been the first choice of carriers, but it is better to go to the partner who will give the revenue stream that now and in the future will be most profitable for APPL.
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    • Fri Jan 11th 11:28 AM | Rating: 0 0
      Commented on:
      Research in Motion Downgraded by Longtime Bull
      APPL seems to be going down in sympathy with RIMM which is surprising. It is expected that the 3-G i Phone would be comming out in June 08 or so. The fact that RIMM will not beat them to the street with a 3-G divice seems to be good news for APPL --
      View article »
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