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  • China to release blacklist for corporate bribery [View news story]
    Who wants to bet the Chinese blacklist will be essentially all foreign companies?

    And how much do the Chinese companies have to bribe to get off this list?

    This is about as trustworthy as Al Capone auditing his own businesses to prove they're on the up & up.
    Dec 27 02:44 PM | 7 Likes Like |Link to Comment
  • Observations From My Trip To China [View article]
    "Interestingly, almost all say that they have heard of abortions, yet no one knows any person that has actually done it."

    You must not know the Chinese very well if you think any Chinese will come out an admit they had a selective sex abortion.

    The Chinese know this is a shameful act to the eyes of developed nations and try to hide it. The 'truth' is very subjective over there.
    Dec 11 02:56 PM | Likes Like |Link to Comment
  • JPMorgan, Berenberg see Nokia improving IP monetization [View news story]
    They will go after the violations immediately... Nok already has most of their cases built.

    Likely 2/3 of the companies will put up a show and complain, but settle and sign, which means an addition to the bottom line in 2014.

    The 1/3 that try to take it to court, however, could drag it out a few years.
    Dec 6 08:58 PM | 3 Likes Like |Link to Comment
  • Samsung Electronics Is More Than Just Another Smartphone Manufacturer [View article]
    Hi djfunky

    1) No, I am not an Apple owner. It doesn't make a difference either way.

    2) Everything stated has been openly re-hased ad infinitum in the Korean media for decades now. Even the Koreans are well aware that there is much more that has been swept under the rug. Feel free to dispute any of the facts stated.

    3) If you believe wall street is corrupt or your company is managed by someone like Kenneth Lay, then it is your perogative to not invest in those companies. Unless, your'e using wall streets actions to somehow justify Lee's.
    Dec 4 10:33 AM | 2 Likes Like |Link to Comment
  • Samsung Electronics Is More Than Just Another Smartphone Manufacturer [View article]
    A good profile on Lee Kun hee, current emperor of Samsung electronics. If this is type of leader you want to invest in.

    Even the Koreans couldn't brush all of his corrupt activities under the rug, and had to convict him of something just to show the courts/judges weren't completely bought by Lee.

    On January 14, 2008, Lee's home and office were raided by the Korean police for an ongoing probe into accusations that Samsung is responsible for a slush fund used to bribe influential prosecutors, judges, and political figures in South Korea.[20] On April 4, 2008 he denied allegations against him for his role in the Samsung Slush Funds scandal.[21] After the second round of questioning by the South Korean prosecutors which occurred on April 11, 2008, Lee was quoted by reporters saying "I am responsible for everything. I will assume full moral and legal responsibility.” On July 16, 2008, the Seoul Central District Court found him guilty on charges of financial wrongdoing and tax evasion. Prosecutors requested that Lee be sentenced to seven years in prison and fined 350 billion won (approx $312 million USD). The court fined him just 110 billion won (approx $98 million USD) — a relative pittance for the world's 106th richest man. and sentenced him to 3 years suspended jail time. Lee has not responded to the verdict.[22] Months later South Korean president Lee Myung-bak gave Lee Kun-hee a second personal pardon so that he could remain on the International Olympic Committee.[5]

    In 2010 the company's former chief legal counsel Kim Yong-chul published a book called Think Samsung. It revealed alleged shocking details of Lee Kun-hee's personal corruption, claiming that he stole up to 10 trillion won (approx $8.9 billion USD) from Samsung subsidiaries, destroyed evidence, and bribed government officials to ensure the smooth transfer of power to his son.
    Dec 4 07:44 AM | 1 Like Like |Link to Comment
  • Investor behavior: Same as it ever was [View news story]
    The red herring argument of the perma bears "the market has reached an all time high! The world is ending!"

    Meanwhile, world population is reaching an all time high, food production and consumption are reaching all time highs, commodity consumption is at all time highs this decade, world middle class population is reaching all time highs, which means nearly every consumer market is bigger now than it has ever been.

    Of course, you can "never be wrong" playing the role of a permabear. Every 7 years or so, you get to be right once.
    Nov 23 10:42 AM | 5 Likes Like |Link to Comment
  • God Help Me, I Woke Up With A Long Position In BlackBerry [View article]
    "I guarantee you most of those cuts and bad news are already priced in at a $3.2 bil market cap"

    Assuming that the market has "priced in" the upcoming earnings is not a strong investment thesis.

    Look around you on these message boards. There is still alot of hope and downright delusion about BBRY and BB10's future.
    Nov 20 12:35 PM | 8 Likes Like |Link to Comment
  • God Help Me, I Woke Up With A Long Position In BlackBerry [View article]
    Jumping into BBRY now would be a monumental mistake.

    BBRY's upcoming earnings will be as big a disaster as the last. You're looking at another 500MM in write downs, 500MM spent to cut their work force in half this winter, accelerated loss of subscribers and their only meaningful source of revenue, and zero BB10 sales to speak of.

    Nortel was worth 4X its paper assets when it went under.

    Experienced investors can tell you that paper assets on dying company is a huge illusion. If there was ANY semblance of any value worth something, the bottom scraping wall street vultures would have already picked this clean.

    Now, BBRY is just a trap being pumped by upside down investors trying to transfer their bag.
    Nov 20 11:52 AM | 6 Likes Like |Link to Comment
  • BlackBerry Can Revive Its Handset By Building A Business Ecosystem [View article]
    Build a business ecosystem? You mean the ability to access your Excel sheet and Powerpoint presentation via SharePoint, and then present the materials via Linc Meeting?

    Or the ability to develop on SQL Server directly and deploy via Visual Studio while on the go? Or the ability to access your Salesforce custom app linked to the Azure Cloud backed by some of the largest data farms on earth?

    And don't forget they simply need to build an mail exchange & domain management used by 92% of the corporations in the world.

    You mean that type of ecosystem? Brilliant! BBRY just simply needs to build these enterprise software and tools and voila! Instant business ecosystem!
    Nov 12 05:46 PM | 1 Like Like |Link to Comment
  • IBM Has A Cash Flow Problem [View article]
    "the company reported a truly stunning 40% drop in China hardware sales with sales in the emerging market down 22%"

    IBM has always been very open with sharing their IP and processes with their partners in China. Of course, that just means that the Chinese were able to copy lBMs services immediately at lower cost.

    The 40% drop in China should surprise no one. That's the way the business cycle works in China. Hire foreigners to consult and manufacture in China. Copy their IP/processes. Undercut their pricing, and take over their market share.
    Nov 10 01:51 PM | 2 Likes Like |Link to Comment
  • One Overlooked Factor In The BlackBerry Saga [View article]
    "Buy BlackBerry if you see a compelling value story. Don't buy it for the takeover play."

    You are missing a very likely 3rd scenario.

    If there is no buyout (and it looks like 0 chance of that now), then this quarter's earnings are going to be another disaster. No one is buying devices in this BBRY media storm and we're looking at another 500MM or so in write downs. BBRY is also projecting another 15% subscriber and revenue loss this quarter, and that's a very conservative estimate given their current accelerating trend.

    Unless BBRY shuts down all operations or sells off pieces, at some point next year, BBRY will face serious liquidity problems and be forced to refinance again.

    It's always darkest before dawn, but we haven't even begun the night yet...
    Nov 6 02:26 PM | Likes Like |Link to Comment
  • Observations From My Trip To China [View article]
    "most other expensive wares are bought over the boarder"

    samuel >

    From what you've seen, what's the common reason people tend to buy 'overseas' instead of locally? Price? Quality?
    Nov 5 11:16 AM | Likes Like |Link to Comment
  • BlackBerry Execs Costing Investors Billions [View article]
    "PW has found another way to average down his cost at the expense of other shareholders."

    You are right on the nose.
    Nov 4 01:51 PM | 2 Likes Like |Link to Comment
  • BlackBerry Execs Costing Investors Billions [View article]
    Do you have a link on the revised option LT?

    I've looked around, and it still looks like the original fee of 30 cents/share if Fairfax backs out.
    Nov 4 01:00 PM | Likes Like |Link to Comment
  • BlackBerry Execs Costing Investors Billions [View article]
    Rizzi -

    I think your ire is misplaced on the sacrificial lambs, and not the root of BBRY's problems: a corporate raider disguised as a "value investor" who has been raking in the cash all while his largest holding, BBRY keeps tanking. How does this happen? Trading against his own positions is the simple and most likely answer.

    It also doesn't hurt that he's making150 million or so from his fake bid offer, and now is loan sharking BBRY for interest plus convertible shares at 50% today's trading price.

    Watsa is the root of this. TH and Stymeist are just sacrificial lambs. TH was just an incompetent puppet of Watsa at best.
    Nov 4 12:45 PM | 1 Like Like |Link to Comment