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  • You Should Sell Hewlett-Packard  [View article]
    They author says MSI makes mobile phones. No they don't.
    Dec 31, 2012. 08:51 AM | Likes Like |Link to Comment
  • Pres. Obama's re-election doesn't bode well for the odds of a tax holiday on overseas cash, notes Eric Savitz. That's problematic for large-cap tech names such as Apple (AAPL), Microsoft (MSFT), and Cisco (CSCO), which respectively have $83B, $54B, and $42.5B stashed overseas (per their most recent financials). As Savitz observes, there's a good chance some of that cash will be used on foreign acquisitions, especially in light of recent deals such as Microsoft/Skype and Cisco/NDS.  [View news story]
    You unwittingly buy into the Democrat's attitude that some of this money (like your personal earnings) belongs to the government. It does not. CSCO, AAPL and others have not "stashed" their money overseas. They earned that money, paid taxes on it and should be able to invest where they'd like. If the US Gov't is shortsighted enough to think it should take some of this investment money, it's no surprise that US companies would use that money overseas and make investments there. The US tax policy is simply foolish. Get ready for four more years bashing corporate America, the venture that creates jobs, feeds our families and pays our taxes.
    Nov 8, 2012. 08:41 AM | 4 Likes Like |Link to Comment