Seeking Alpha


Send Message
View as an RSS Feed
View kmi's Comments BY TICKER:
Latest  |  Highest rated
  • As the federal deficit begins to take on a life of its own, Washington might be able to learn a thing or two from the states that managed to trim their budgets following declines in tax revenue.  [View news story]
    Westchester County NY elected a fiscal conservative (Astorino) into the county executive position, who is proposing a balanced non gimmicky budget with a 1% REDUCTION in tax rate after inheriting an expected 33million deficit.

    Whether it will get passed his colleagues is anyone's guess, but there's proof that not only can it be done, but someone IS trying to do it.

    Majority was accomplished by reduction in county payrolls and entitlements. Bravo says I.

    Nov 18 02:14 AM | Likes Like |Link to Comment
  • Hewlett-Packard (HPQ) faces fallout from the abrupt exit of CEO Mark Hurd, and Oracle's (ORCL) hounding of current CEO Leo Apotheker to testify. Offsetting this, it plans to offer solid Q4 news next week. Analysts expect earnings of $1.27 per share on revenue of $32.8B.  [View news story]

    not that I like how it played out but Ellison is clearly beating the crap out of HP.

    HP looks like its running full blast but without a rudder, they need to get their act together.
    Nov 18 02:07 AM | Likes Like |Link to Comment
  • With all the ruckus over residential foreclosures, commercial real estate seems to have fallen off the radar screen. Not to worry, Charles Hugh Smith writes, "it's still careening off the cliff; the fall is just in slow motion."  [View news story]
    Commercial manages to sustain itself longer with its revenue stream, but I am not sure the cliff is really there either; lenders find it easier to extend and refi CRE loans on cashflowing properties.

    Certainly exurb stuff and overbuilt stuff exist, but that can be viewed as part of a typical cycle and not the dire structural change author implies.
    Nov 16 10:49 PM | Likes Like |Link to Comment
  • It's a bad idea to break up Microsoft (MSFT), Steve Ballmer and Bill Gates tell investors, even if shares are down 14% this year. "A breakup doesn’t make sense because the computer industry is consolidating," Ballmer says. “It creates economic dis-synergies.” Microsoft is -1.6% at $25.78.  [View news story]
    I think Ballmer is precisely right, everyone competing with Microsoft wants to create product environments that work synergistically, it wouldn't make sense for them to break things apart at all.

    And their real competition doesn't have an Xbox competitor.
    Nov 16 06:34 PM | Likes Like |Link to Comment
  • So what if there are 300,000 apps for the iPhone (AAPL) and iPad? "You don’t need an app for the web," says Research in Motion (RIMM) CEO Jim Balsillie. He also boasts the upcoming PlayBook Blackberry Tablet computer will be 3 to 4 times faster than the iPad.  [View news story]
    Suggest you try a BB OS6 device, web experience is night and day compared with the OS5 devices, although I still feel load times slower than on Android/iOS, not sure if it is the slower processor or that fact that BB routes web through its server.

    Torch web browsing through wifi though is stellar.
    Nov 16 06:24 PM | 1 Like Like |Link to Comment
  • There's no two ways about it: November's Empire State Manufacturing Survey paints an ugly picture, with double-digit drops in employment, manufacturing and new orders. New orders had its sharpest drop since Sept. 2001.  [View news story]
    Retail sales of products manufactured in China hah
    Nov 15 09:18 PM | Likes Like |Link to Comment
  • Cisco (CSCO) is rebounding from its earnings debacle by announcing a robust consumer telepresence system no one will buy, says one early tester. Its new Umi web-based videoconferencing system is priced at $600, when alternatives that cost hundreds less are available. It may be Cisco has to learn it can't treat the living room like the board room.  [View news story]
    Cisco makes great products under the Cisco brand and doesn't bother marketing them at all, somehow they just sell. My experience is that I wanted to buy Csco networking equipment for my business network, but do the install myself - simple stuff nothing crazy ((I was looking into lining the halls of a multistory property with wireless repeaters) - and i could not would not because it was hard to get any real info on the products.

    My sense was that CSCO has plenty of folks shilling their gear in the areas they most want to be and they don't care at all about the consumer market - under the CSCO brand.

    Their LinkSys line, certainly, is a different story, and the gear itself appears to be a different animal as well.

    It's entirely possible CSCO intros lower cost similar stuff under its lower cost brand.
    Nov 15 05:32 PM | Likes Like |Link to Comment
  • Apple's (AAPL) plans to contribute technology to Oracle's (ORCL) Java platform may mean a deeper relationship is coming, claims an analyst. With the enterprise-class Oracle as a strategic partner, consumer-savvy Apple might achieve the broad heft needed to strike harder at rivals Hewlett-Packard (HPQ) and Research in Motion (RIMM).  [View news story]
    Apple will never succeed in the enterprise since they don't "do" legacy, and corporate/enterprise is all about legacy.

    All the adulation of the rabid Apple fanbase can't change that fact.
    Nov 14 07:43 PM | 2 Likes Like |Link to Comment
  • Ireland continues to insist it doesn't need a bailout, but Germany is pushing it to ask for one anyway. Goldman economist Erik Nielsen says Germany's efforts are a 'purely political decision' prompted by "an assessment of the broader risk of the spread levels to economic and financial stability."  [View news story]
    Of course, Germany will do whatever it takes to push the Euro down.
    Nov 14 07:19 PM | 2 Likes Like |Link to Comment
  • After Canada blindsided investors with its decision to block BHP's (BHP) bid for Potash (POT), PM Stephen Harper says the country will soon unveil guidelines as to what kind of foreign investment it finds acceptable. Harper also says he's willing to review the overly-vague Investment Canada Act.  [View news story]
    Blimdsided? Hardly. BHP didn't make them an offer they could consider acceptable. Didn't seem Saskatchewan was asking for unreasonable efforts from BHP but BHP didn't want to put up.

    I'd have found it odd if BHP was able to buy a national resource of that magnitude for what they were offering and I say good for Canada for doing as it did.

    Nothing wrong with resource nationalism especially when you are a low pop. country ith large landmass and lots of resources. w
    Nov 14 07:16 PM | 4 Likes Like |Link to Comment
  • When it comes to cleaner energy, GE (GE) is putting its money where its mouth is. The company plans to buy 25,000 electric vehicles by 2015 for its own fleet of automobiles, marking the largest single electric vehicle commitment ever announced.  [View news story]
    From the linked article:

    "General Motors (GM) is getting the win here. GE will initially purchase 12,000 GM vehicles, beginning with the Chevrolet Volt in 2011. The company will then add other vehicles as manufacturers expand their electric vehicle portfolios."

    Likely Ford's Transit Connect on the list.

    GE specifically stated it thinks it will get up to 10% of its money back from each EV sold from their involvement in the EV industry.
    Nov 11 04:14 PM | Likes Like |Link to Comment
  • Among this year's most outrageous CEO perks: $772,000 to cover the underwater mortgage on a home sale for Delta Air Lines' (DAL) Richard Anderson, $1.4M in security services for Oracle's (ORCL) Larry Ellison, $1.3M in job relocation expenses for Boston Scientific's (BSX) Ray Elliot. And there's plenty more.  [View news story]
    Security for Larry Ellison isn't a perk, it's a requirement, way he acts...
    Nov 11 12:48 AM | Likes Like |Link to Comment
  • Yahoo (YHOO) may be willing to pay $3B-$4B to scoop up online coupon company Groupon, but that doesn't mean it's a good idea. Although Yahoo is itching for an acquisition, to pay that kind of money for a company whose business model is as easy to duplicate as Groupon's would be "very silly," Motley Fool says.  [View news story]
    Does Yahoo have any real value, I wonder.

    The CEO over there isn't making any friends and sure seems to be treading water for a paycheck.

    In any event, yahoo itself could be claimed to have an easily duplicable business model...
    Nov 11 12:45 AM | Likes Like |Link to Comment
  • Greece's 2010 deficit will come in at 9.2%-9.3% of GDP, well above its 7.8% target, Reuters reports. Greece must meet fiscal consolidation targets under its bailout agreement with the IMF and its euro zone partners in May to stave off default.  [View news story]
    it's funny how Greece and the other PIIGS are relevant again after the dollar tickling $1.40euro for a bit. Especially on the back of QE2.
    Nov 11 12:40 AM | Likes Like |Link to Comment
  • Gold Bubble: Final Warning? [View article]
    Again I agree with the author. I've been steadily watching gold for a quite a while now, and while the correlation between the state of the global economy, the value of the dollar, and the price of gold trend together, they doesn't always stay true to that relationship.

    I am betting a lot of the gold bulls posting and voting on this here post are new to the gold game. It may not be just yet that is the perfect time to sell, but we are getting there, and this is definitely a bubble.

    Everything I see being discussed or posted about gold smacks of every other bubble: tech bubble "p/e ratios are naturally higher for tech, this time its different", real estate "it's value simply can't go down, this time it's different", oil "it's demand driven, there just isn't enough to go around, this time it's different"... etc...
    Nov 10 11:47 PM | 2 Likes Like |Link to Comment