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  • Coca-Cola Or Microsoft? [View article]
    Another important factor - people have apparently forgotten about Microsoft's nearly $100 billion in cash and equivalents; that is equal to nearly one-third of the company's current market cap. Mason Morfit and ValueAct will push to put these funds to work in the coming quarters / years, to the benefit of shareholders.
    Apr 20 10:38 AM | 6 Likes Like |Link to Comment
  • Google's Management Discusses Q1 2014 Results - Earnings Call Transcript [View article]
    No mention of Google Docs, Chromebooks, etc - par for the course...
    Apr 16 11:42 PM | Likes Like |Link to Comment
  • The fight for Maker Studios is on [View news story]
    From the earlier blurb on SA:

    "A source said he believes that the companies have a binding agreement and so the Relativity offer would have no effect."

    Was that an SA source, or pulled directly from article? Any update there?
    Apr 14 01:07 PM | 1 Like Like |Link to Comment
  • Re/code: Tinder valued at $500M in deal, IAC owns 70%+ stake [View news story]
    That goes to show you how ridiculous some of these valuations are - they can change by an order of magnitude (10X!) and nobody bats any eye...
    Apr 11 07:10 PM | 1 Like Like |Link to Comment
  • Voxeljet -16.3% premarket after downsizing, pricing offering [View news story]
    At $15.50, VJET will be down more than 60% year to date; speculation can be quite painful when reality sets in...
    Apr 11 09:21 AM | 2 Likes Like |Link to Comment
  • Momentum stocks have their worst day yet [View news story]
    Nice 50% drop year to date for DDD, XONE, and VJET.
    Apr 10 04:15 PM | Likes Like |Link to Comment
  • Coca-Cola doubles down on soda [View news story]
    One track plan? What about these deals in the last seven years: the 50% purchase of Aujan and brands acquired from Carlsberg in 2008, as well as the acquisitions of Energy Brands (glacéau), Honest Tea, OAO Nidan Juices, Jugos del Valle, Fuze, and Leao Junior. Correct me if I'm wrong, but every single of of those acquisitions were of stills, not sparkling beverages.

    By my math, Coca-Cola has spent ~$10 billion on acquisitions and investments since fiscal 2007, with the vast majority going towards growing the stills portfolio (that excludes 2010 to avoid the impact of the CCE deal).

    Stills accounted for 26% of KO's global beverage volumes in 2013; this figure was 23% in 2009 and 20% in 2007. They've been moving in this direction for some time now (though not quick enough for some). The idea that management isn't focused on this space is nonsense.

    Here's the reality: analysts want action; for them, M&A and spin-offs are always the answer. And their buddies on the Street will be happy to take a cut and be management's lap dog in order to make sure those deals get done...
    Apr 10 02:13 PM | 6 Likes Like |Link to Comment
  • Big changes at Family Dollar after earnings miss [View news story]
    Spot on Ron; it will only intensify as WMT targets them directly with the roll-out of smaller format stores.
    Apr 10 10:26 AM | Likes Like |Link to Comment
  • With PC Sales Improving, Is Intel Set To Rocket? [View article]
    "The PC market has been waning for years now, as a result of the popularity of tablets and mobile."

    Global PC sales in 2010, the year the iPad was introduced: 346M

    Total in 2013, three years after the "Death of the PC" began: 315M

    Three year compounded annual decline: 3%; that's a slow death indeed! Now the decline is already slowing? This has been very interesting to watch...
    Apr 10 08:21 AM | 8 Likes Like |Link to Comment
  • Wal-Mart's Dismal Same-Store Sales [View article]
    "Wal-Mart spent $89.2 billion on overhead over the past year, and based on current margins and overhead spending, it would only take a 13.6% decline in sales to eat up all of Wal-Mart's profits."

    13.6% below the $475B you reference is $410 billion. That's in-line with the average sales for fiscal 2010 - yet the company reported $24 billion in operating income, not the $0 that you've suggested.

    Friendly suggestion - go through and plot the gross margin, SG&A as a percentage of sales, operating margin, etc, in an Excel sheet for the past decade; you'll quickly realize that what you've said is a misunderstanding of how the financials actually change at different revenue levels.
    Apr 8 04:37 PM | 2 Likes Like |Link to Comment
  • Why Microsoft Is Becoming A Great Company Again [View article]
    Cash is better than future cash flow - it already happened :)

    Thanks for the reply!
    Apr 5 11:06 AM | Likes Like |Link to Comment
  • Microsoft roundup: Azure, Cortana, Office iPad downloads [View news story]
    "I dont think posting any one link would make a difference, its based on one person's opinion vs consensus of most."

    That's true, but a good place to start is with people who have actually used the service, even if only for a few minutes; as for as I know, journalists are the only people outside of MSFT employees to have done so. That would seem like a logical place to start.

    "Seems transcript is very positive on the prospects and appreciate your opinion and analysis."

    I hope it works well and gets better with time; I'll continue to be a MSFT investor either way :)
    Apr 5 05:59 AM | 4 Likes Like |Link to Comment
  • Microsoft roundup: Azure, Cortana, Office iPad downloads [View news story]
    "Microsoft fanbois are defensive. Please go watch the Youtube video of the Microsoft VP demonstating Cortana; that shows Cortana in the best possible light. Then, check Financial Times and many other business news sources for their critiques."

    You know you can post links, right? Why don't you actually quote an article that you've read, and post a link for us to read - that would really make things much easier.

    By the way, I searched "Financial Times Cortana" on Bing & Google - only one article from FT comes up. That one that discusses the fact that the smartphone OS is now free; in that piece, Cortana is mentioned one time, and in passing (simply references the announcement). A searc on FT's site for Cortana only has one hit - that same article.

    That's a long way of saying that this FT critique that you're suggesting I look at to balance against the opinion of the 5-6 sites I posted above - who apparently are all in Microsoft's pocket - doesn't exist.

    Do me a favor and just post a link.
    Apr 4 11:10 PM | 4 Likes Like |Link to Comment
  • Why Microsoft Is Becoming A Great Company Again [View article]
    As far as I can see, your valuation doesn't give the company any value for the ~$100 billion in cash /equivalent / equity investments on their books - equal to more than $10 a share.
    Apr 4 07:00 PM | 2 Likes Like |Link to Comment
  • Microsoft roundup: Azure, Cortana, Office iPad downloads [View news story]
    Not sure how that's mean spirited to ask for facts? You've still failed to link to an article that shows your first comment ("dumb as a brick")

    It sounds like your contention is that there are bugs; as is noted in the article you linked, it is still in beta. The world will not end because Cortana could only go from Fahrenheit to Celsius, and not Kelvin, in the demo...
    Apr 4 01:56 PM | 4 Likes Like |Link to Comment