I'm not a fan of Microsoft by any stretch but when it comes to gaming they destroyed Sony. The PS3 simply took too long to develop, lost its big time 3rd party exclusive developers in the process, and has nothing to compete with marketplace. Add in the fact that blu-ray technology is likely to be skipped (just ask Steve Jobs), the PS3 is a disaster.
As for Wii, Nintendo made so much off it because its higher priced for an inferior product and more importantly they were the developers of the games. Do you remember the first Nintendo? Black box games? All Nintendo created...now they need the 3rd party developers to step up but most of them are already signed up with xbox and are always going to develop for that platform first and the others later...
Apple: Weaker Dollar Will Benefit Revenue Growth and Margins [View article]
the falling dollar obviously helps all multinational companies which in turn should help the SP 500. ASP for Apple products overseas are much higher than they are here in the US. Also, Apple products tend to be higher priced than those PC lines....90% of computers that cost more than a thousand dollars are sold by Apple...so its not really a question of more sales, its more a question of higher ASP
Washington Mutual (WAMUQ.PK -9.8%) - the bankrupt holding company - argues in bankruptcy court for JPMorgan Chase (JPM +1.8%) to return $4B that it says was on deposit at the time WaMu banks were seized. For its part, JPMorgan (along with the government) says WaMu's bookkeeping was a "shell game" and the money may have been a capital contribution instead of on deposit. [View news story]
JP Morgan is going to have to settle at some point, this was just buying time ...
David Einhorn: Break Up Too Big to Fail Institutions [View article]
The real danger in our political system is that the special interests have already hijacked this country without the majority even knowing it. As an American, I want my politicians to put America first, no country in the world can possibly have the identical interests as we do. I want lobbyist groups like AIPAC, who control our foreign policy to register as foreign agents. I want the Fed abolished. We need something other than a two party system. I can't decide who i hate more, the republicans or the democrats. All the write things are spoken in the run up to elections but once they are elected, certain actions that people voted for are now deemed 'politcally untenable'. Our system is a joke.
Is Meredith Whitney's Goldman Sachs Downgrade Heresy? [View article]
I don't know if she has an underlying motive for trying to sandbag GS just prior to earnings. Should be interesting if the market follows her or not....
Whitney’s Goldman Downgrade: Why She Did It
[View article]
I would agree the banks have run up quickly and it could be wise to lighten up. However, much like what you point out in your article, it is best to wait for a reversal in trend, which quite frankly has yet to occur as evidenced by the November calls on XLF.
Debt Monetization: He's Heading for That Small Moon [View article]
Probably one of the best articles I've read.
"The Fed saw consumer and business borrowing collapsing at a disastrous pace and choose to answer with a deflation busting level of quantitative easing."
That's exactly what's happened. Unfortunately the consumer will not be back anytime soon. I don't foresee a premature exit strategy either as it would be political suicide.
Will E*TRADE Surprise or Disappoint Wall Street? [View article]
could see a nice pop with an earnings beat but upside is probably limited as this is a bank/brokerage that is not in the gov'ts favor; don't forget the massive short positions in this stock can lead to a short squeeze.
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Latest | Highest ratedApples to Apples: Will History Repeat Itself as Android Gains on the iPhone? [View article]
Nintendo: The Wii Bubble Has Burst [View article]
As for Wii, Nintendo made so much off it because its higher priced for an inferior product and more importantly they were the developers of the games. Do you remember the first Nintendo? Black box games? All Nintendo created...now they need the 3rd party developers to step up but most of them are already signed up with xbox and are always going to develop for that platform first and the others later...
Apple: Weaker Dollar Will Benefit Revenue Growth and Margins [View article]
E*Trade: Very Undervalued [View article]
Can Apple Be a $300 Stock? [View article]
Washington Mutual (WAMUQ.PK -9.8%) - the bankrupt holding company - argues in bankruptcy court for JPMorgan Chase (JPM +1.8%) to return $4B that it says was on deposit at the time WaMu banks were seized. For its part, JPMorgan (along with the government) says WaMu's bookkeeping was a "shell game" and the money may have been a capital contribution instead of on deposit. [View news story]
David Einhorn: Break Up Too Big to Fail Institutions [View article]
Fannie and Freddie: Not Worthless Yet [View article]
Two Lessons from iPhone Piracy [View article]
Citadel's E*Trade Stake: The Selling Continues [View article]
Why Android Is Gaining Ground on Apple [View article]
Is Meredith Whitney's Goldman Sachs Downgrade Heresy? [View article]
Whitney’s Goldman Downgrade: Why She Did It [View article]
Debt Monetization: He's Heading for That Small Moon [View article]
"The Fed saw consumer and business borrowing collapsing at a disastrous pace and choose to answer with a deflation busting level of quantitative easing."
That's exactly what's happened. Unfortunately the consumer will not be back anytime soon. I don't foresee a premature exit strategy either as it would be political suicide.
Will E*TRADE Surprise or Disappoint Wall Street? [View article]