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kmi

kmi
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  • China's trade surplus falls far greater than expectations, coming in at $6.5B in January vs. $13.1B in December. With G20 meetings on tap, the numbers will bolster China's claim that a speedier appreciation of the yuan is unnecessary.  [View news story]
    I wish i could juggle my books as well as China...
    Feb 14, 2011. 07:43 AM | Likes Like |Link to Comment
  • CEO Stephen Elop's attempts at reassurance fail to do the trick, as Nokia (NOK) continues to get pounded premarket. After falling 14% on Friday, shares are -3.6% premarket. (Nokia's shake-up plans: I, II, III)  [View news story]
    Only Elop thinks this was a good idea...
    Feb 14, 2011. 07:40 AM | Likes Like |Link to Comment
  • Companies itching to buy their way into China's market will soon face extra red tape: China plans to set up a ministerial panel to review planned takeovers of local firms by foreign investors for national-security concerns. This covers investments in military, agriculture, natural resources, transport, tech and other sectors.  [View news story]

    No problem!

    We shall perform.... reverse mergers! Thanks for teaching us your tricks China!
    Feb 13, 2011. 09:49 AM | 1 Like Like |Link to Comment
  • Egyptian VP Omar Suleiman, speaking in Cairo, says Hosni Mubarak has stepped down and that presidential powers have been given to a military council. EGPT +4.6%.  [View news story]
    Egypt bonds under less pressure than most of Europe's...
    Feb 12, 2011. 06:00 PM | Likes Like |Link to Comment
  • Egyptian VP Omar Suleiman, speaking in Cairo, says Hosni Mubarak has stepped down and that presidential powers have been given to a military council. EGPT +4.6%.  [View news story]
    Eh, I'd agreed to some extent, Suleiman was virtually his right hand man.

    I'll say this though, Elbaradei's threatening comments in the morning probably helped, and I'll bet assurances of the protection of his Mubarak's wealth and interests was likely part and parcel of the agreement. Money has no nation.
    Feb 11, 2011. 03:57 PM | Likes Like |Link to Comment
  • Apple (AAPL) is reportedly taking on the fast-coming Android (GOOG) threat by planning smaller, cheaper iPhones - and ones that would work on multiple wireless networks. Also caught up in the competitive crossfire would be a newly-Microsofted (MSFT) Nokia (NOK -13.5%).  [View news story]
    Yep, Android being available on multiple handsets by multiple vendors and on every network has translated to more devices shipped and significantly faster growth than Apple has managed.

    Apple has been reducing prices on older generation hardware as a strategy to cover the mid and/or low market segments, but this new strategy suggests that adoption didn't meet expectation.

    Additionally, the competition has matured and are delivering superior hardware with comparable software. That said, Apple's margins are huge and they should still have plenty room to play but it won't be the same when they report.... of course Jobs knew this and bowed out at Apple's peak...

    NOKIA + MSFT is just a sad, sad, sad thing. Nokia from the front to the back of the innovation train in minutes.
    Feb 11, 2011. 03:52 PM | Likes Like |Link to Comment
  • President Obama speaking on events in Egypt. "There are very few moments when we get to witness history. This is one of them." EGPT +4.7%.  [View news story]
    The president spoke well, certainly the concept of continued US support will influence prospective events in Egypt.
    Feb 11, 2011. 03:23 PM | 2 Likes Like |Link to Comment
  • President Obama speaking on events in Egypt. "There are very few moments when we get to witness history. This is one of them." EGPT +4.7%.  [View news story]
    People already tried and failed in Iran...
    Feb 11, 2011. 03:21 PM | 3 Likes Like |Link to Comment
  • The SEC is reportedly investigating whether some traders are using ETFs to cover up acts of insider trading, relying on practices like 'ETF stripping' to disguise their trading patterns.  [View news story]
    2 steps forward 3 steps back, SEC has a hard time catching up let alone cracking down.
    Feb 10, 2011. 10:21 AM | Likes Like |Link to Comment
  • #feb11 “Two turkeys do not make an Eagle." TechCrunch's M.G. Siegler interprets Google (GOOG) VP Vic Gundotra's tweet bomb as expecting that Nokia (NOK) will ally with Microsoft (MSFT) in smartphones. "He wouldn’t tweet about anything unless he knew... it was a done deal," Siegler says, and "he wouldn’t tweet calling anyone a 'turkey' until he was sure it wasn’t going Google’s way."  [View news story]
    That's a shame if it it's true that the Google Android ship isn't taking on passengers; Nokia hardware + Android would have been nice, Nokia moving towards Microsoft looks absolutely stupid, Nokia has done everything first, maybe not as pretty or as easy to use, but if you can do something on a smartphone, chances are you could do it on Nokia's platform first. Moving to WM7 is backwards, the platform lacks a lot of the spit and polish of its competitoon.

    Frankly after taking a look at the new HP WebOS lineup, I'd daresay that a cooperation there makes far far far more sense, HP really positioning the platform in the same way Nokia has traditionally postuiioned theirs.

    WM7+Nokia... blech. How Elop can think he can make that work in Nokia's core markets is beyond me.
    Feb 10, 2011. 10:08 AM | Likes Like |Link to Comment
  • Although food prices are expected to continue rising in coming months, Dave Kansas notes that agricultural staples make up a surprisingly small amount of consumer inflation measures in developed markets because of efficiencies in production. "While price pressures aren't expected to evaporate, the big jump in food prices - with the exception of wheat - may already be done."  [View news story]
    Well, considering you can grow your own whereas its a little bit harder to dig up your own gold or oil, I am inclined to agree in the general; but in the specific, there are many crops globally that are grown specifically for export and that's an 'apple' of a different provenance.

    Food's the next shoe, if you aren't in it already somehow, better catch up...
    Feb 9, 2011. 08:56 PM | 1 Like Like |Link to Comment
  • As Stephen Elop looks to overhaul Nokia (NOK), DealBook speculates on potential dealmaking involving the company as a buyer or a seller and floats a shocker: at some point, Microsoft (MSFT) could try to acquire Nokia.  [View news story]
    Ummmm... why bother... another one of those head scratchers I hear every so often that make me ponder the motivations of the folks floating them...

    Nokia's platforms, interestingly enough, share some fundamentals with Android - Linux underpinnings most importantly - and there is some speculation that Nokia will move to adapt its platform to run Android apps.

    That, coupled with similar speculation about RIM potentially using a platform in its software to allow a similar situation, seems a far likelier possibility. Just because there are Microsofties running Nokia now doesn't mean Msft and Nokia is the smartest deal for either party.

    My expectation is that Nokia tracks its own course, as does RIM, but that both eventual make arrangements to partake of the Android Market.
    Feb 9, 2011. 08:53 PM | Likes Like |Link to Comment
  • Kudos to Nokia's (NOK +4%) Stephen Elop for his remarkably candid memo likening his company to a "burning oil platform." The normal CEO approach in a turning-point situation is either empty-headed delusional denial or cheerleading, Henry Blodget writes, but that's not leadership. People want the truth, he says, and CEOs that tell it like it is offer the best chance for overcoming odds.  [View news story]
    ...and you better believe he likely expected this to get released to the world....
    Feb 9, 2011. 08:48 PM | Likes Like |Link to Comment
  • "Routine overreaction to single data points" creates unique opportunities for dispassionate investors to capitalize on "irrational fluctuations of the herd," hedge fund manager Dan Loeb says, but that's not a healthy market, and he's concerned about growing bullishness.  [View news story]
    Meh, trading in the brave new world of ETFs and and correlated markets, since the latest recession the stampede of "looking for safe haven" etc reported on news channels is hilarious, today its commodities tomorrow its banks, the next it's consumer cyclicals, bonds, healthcare, utilities...

    Watching the dollar go down with oil and noting how that and other correlations have broken in the last handful of years means either you got to be nimble or patient, but following the herd will get you trampled.
    Feb 9, 2011. 08:47 PM | Likes Like |Link to Comment
  • A letter from the World Sugar Committee criticizing the ICE for failing to rein in "parasitic" computer traders seemingly gives ammo to those blaming record-high commodity prices on speculation. An important note: the WSC blames speculators for volatility, not high prices.  [View news story]
    Just the sugar guys so far huh...
    Feb 9, 2011. 11:11 AM | Likes Like |Link to Comment
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