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mogando

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  • Germany sends signals that while the substance of Greece's austerity program is non-negotiable, it might give the country more time to meet its fiscal targets. "We're ready to talk about the timeframe," and "It is clear to us that Greece should not be over-strained," are a couple of quotes. Think of it as a reward for voting for the right party.  [View news story]
    [sarcasm] and if greece beats germany in euro 2012 on friday, merkel would change that repayment timeframe to 90 days
    Jun 18 11:02 AM | Likes Like |Link to Comment
  • In contrast with both recent market share and consumer survey data, 44% of non-tablet-owning IT professionals surveyed by IDG said their first tablet would be an Android (GOOG) device, compared with just 27% who said it would be an iPad (AAPL). IDG points out emerging markets buyers had more of a pro-Android tilt - that's likely a result of both lower price points, and the dominant share held by Android smartphones in many of those markets.  [View news story]
    "IT professionals" is just a nice term for nerdy geeks ... of course they favor the android anarchy approach

    iPad commands 60% of sales market share and probably 80+% of actual web browsing tablet share ..... that's the real vote
    Jun 16 01:09 AM | Likes Like |Link to Comment
  • Boston Fed President Rosengren suggests a continuation of Operation Twist beyond June would be appropriate given his opinion the central bank needs to provide more stimulus. "That would have the impact of helping to reduce longer-term interest rates without expanding our balance sheet," he says. The 10-year is at 1.5% - what does he want? Japan?  [View news story]
    isn't the Swiss 10Y even lower yield than Japan 10Y ? there's always the negative yield death spiral they can go down to
    Jun 1 10:48 AM | Likes Like |Link to Comment
  • Europe rapidly deteriorates, the Stoxx 50 -3%, led by Italy, -3.8%, and Spain, -3.2%. The euro goes bidless, sliding under $1.26 for the first time since August 2010. S&P 500 -1.1%.  [View news story]
    any particular bad news or just general grexit rumors again ?
    May 23 10:43 AM | Likes Like |Link to Comment
  • An internal JPMorgan sales document for Facebook's (FB) IPO cites Mark Zuckerberg as a "risk factor," reports Charles Gasparino. Is this an outgrowth of banker frustration with Zuckerberg's handling of the Instagram deal? Update: Gasparino adds Zuck is unlikely to take part in Facebook's roadshow, citing security concerns. (more on FB)  [View news story]
    duh .... when the CEO can do whatever he wants without any checks and balances from the board and shareholders, then it's a dangerous slope. pray that he knows what he's doing and not throwing more billions down zero rev things like instascam.
    May 4 12:09 PM | 1 Like Like |Link to Comment
  • The Australian Parliament is investigating why software and media downloads from Apple (AAPL), Microsoft (MSFT), and other foreign companies are often far more expensive in Australia than elsewhere. For example, a copy of Microsoft Office 2010 Professional costs $349 in the U.S., but $883 down under. Likewise, Mac OS X Server goes for $499 in the U.S., and $728 in Australia.  [View news story]
    blame themselves for letting their currency go crazy expensive

    regardless of whether you believe the bank of switzerland is effective, at least they make some effort to limit the CHF from going to the sky
    Apr 30 02:55 PM | Likes Like |Link to Comment
  • At the close: Dow +0.94% to 13214. S&P +0.72% to 1401. Nasdaq +0.69% to 3051.
    Treasurys: 30-year +0.39%. 10-yr +0.25%. 5-yr +0.12%.
    Commodities: Crude +0.31% to $104.44. Gold +0.98% to $1658.35.
    Currencies: Euro +0.16% vs. dollar. Yen -0.47%. Pound -0.17%.  [View news story]
    QE3 is not on, dollar fell against euro, equities are up, VIX imploded .... but somehow Treasuries are also up ??!!

    Can someone explain this discrepancy ?
    Apr 26 04:16 PM | Likes Like |Link to Comment
  • Extrapolating AT&T's report of 4.3M Q1 iPhone sales could suggest Apple (AAPL) will move just 21M units in Q1 - far less than consensus of 30.5M. Of course, this assumes AT&T maintains its ratio of 20.5% of iPhone sales, a level that surely dropped given the entry of Sprint into the equation.  [View news story]
    VZ dropped only 25% QoQ while T dropped 43%. It's clear that VZ and S is finally equalizing the advantage that T once had.

    And with the massive global rollout during CQ1, there's no concern that iPhone is less than 28M. Now, whether 30.5M number can be beaten is up in the air.

    The fun number to watch should be iPad not iPhone. AAPL clearly wants iPad to reach at least 1/3 of corporate-wide revenue, if not more.
    Apr 24 08:15 AM | Likes Like |Link to Comment
  • ACI Research's Edward Zabitsky, who has a Sell and $270 PT on Apple (AAPL), says he believes Samsung (SSNLF.PK), which reports in a week, sold over 40M smartphones in Q1, well above the 30M-33M iPhone shipments many expect. He also thinks Samsung's massive internal sourcing of components makes it the smartphone market's cost leader. But given the iPhone's huge margins, Android vendors have more to worry about this than Apple. (also)  [View news story]
    just seeing the $270 PT this "analyst" has lost all creditbility.

    This idiot also forgets that Samsung can match Apple's BOM, but their ASP globally (across all smartphones, not just the flagship ones) is waaaaay lower than Apple's ~$650.

    A $270 price for AAPL implies P/E of 7.7x against ACTUAL trailing earnings. Good luck justifying that low valuation on a company that's not imploding like RIMM or NOK
    Apr 20 09:45 AM | Likes Like |Link to Comment
  • A wave of ratings downgrades to hit developed countries in coming years will spare Canada, says Citi's Mike Saunders. The 2012 federal and provincial budgets - while maybe putting a drag on near-term growth - should strengthen the country's already sound fiscal position.  [View news story]
    It's great that Canada is doing well, but it sucks for someone who loves visiting the country frequently (like me), since the CAD will get even more expensive than before.

    God I miss the good ole' days when USD-CAD was 1.6. Now parity is the norm.
    Apr 19 03:41 PM | 2 Likes Like |Link to Comment
  • Stocks are at session lows 80 minutes before the close, led by a renewed fall in Apple, -3.4% (though yet to take out Tuesday's low). Up more than 5% premarket after an apparent earnings beat, Bank of America -2.2%. S&P 500 -1%, Nasdaq -1.1%.  [View news story]
    for AAPL it's a healthy correction.

    For everyone else it's an omen. S&P500 is only 2.1% away from technical breakdown at 1343, and Spain's IBEX35 is barely 2.0% away from falling through their March 2000 intraday lows.
    Apr 19 02:50 PM | Likes Like |Link to Comment
  • American Airlines (AAMRQ.PK) wants to outsource sky caps and gate agents as part of a grand restructuring plan that encompasses laying off 1,200 non-union workers and trim other labor costs dramatically. The last word from CEO Tom Horton on merger chatter is that he wants the carrier to emerge out of bankruptcy as a stand-alone company. [View news story]
    they're getting rid of existing union contracts, but not the unions themselves. the replacement contract would only barely improve matters, since the union would rarely agree to everything that management wanted (which was what they think they'll get)
    Apr 19 01:50 PM | Likes Like |Link to Comment
  • American Airlines (AAMRQ.PK) wants to outsource sky caps and gate agents as part of a grand restructuring plan that encompasses laying off 1,200 non-union workers and trim other labor costs dramatically. The last word from CEO Tom Horton on merger chatter is that he wants the carrier to emerge out of bankruptcy as a stand-alone company. [View news story]
    that's funny.... trimming costs by laying off NON-union workers but keeping all the high price low productivity union workers in the fold
    Apr 18 03:35 PM | Likes Like |Link to Comment
  • With the BlackBerry's North American position in tatters, Research In Motion (RIMM -1.6%) is increasingly looking to emerging markets to stabilize sales. A week after announcing plans to open Middle Eastern stores, RIM is launching the BlackBerry Curve 9220 for the Indian market. RIM is bundling ~$50 worth of free apps to stoke demand in a cost-sensitive market where the iPhone (AAPL) has limited share, but Android (GOOG) has been surging.  [View news story]
    how come that sounded so much like Nokia's strategy - flood emerging and frontier markets with $50-100 phones (unlocked price) ? look how well that played out for Nokia

    Phone industry is only top-down, not bottom-up.
    Apr 18 12:49 PM | Likes Like |Link to Comment
  • Pres. Obama's plan to "crack down" on oil speculators would give the CFTC new powers to order exchanges to raise margin requirements - which could lead to less liquidity and actually make oil prices more volatile, critics say. And no one complains when prices are heading south: "These are the same energy traders that just knocked natural gas prices to 10-year lows," says one.  [View news story]
    If the exchange is offshore, can CFTC still regulate their margin requirements ?

    What prevents traders from simply moving the bulk of their activity offshore, leaving onshore exchanges like NYMEX with the volatility, illiquidity, but without the fee revenue ?
    Apr 17 06:09 PM | 3 Likes Like |Link to Comment
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