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kmi

kmi
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  • Verizon Wireless (VZ, VOD) sales of the iPhone (AAPL) haven't met the partners' expectations so far, according to industry blogger the Boy Genius Report. Online pre-orders came to 550K units, and just 14% of buyers were owners of the AT&T (T) version. (via)  [View news story]
    The fact remains that AT&T runs on GSM, and if you do any kind of frequent travelling you end up on a GSM service.

    Borrowing or using a cheapie local prepaid variant when you are traveling just sucks. Especially in the age of ubiquitous smartphone wifi (I've been using a smartphone since before wifi was an option) where you can log into an open network and make voip calls right on your existing device....

    There's a dozen reasons why Verizon iPhone uptake wasn't what the fanfolks wanted it to be, but i'm sure it will still help revenues for Apple.
    Feb 16, 2011. 02:17 PM | Likes Like |Link to Comment
  • Verizon Wireless (VZ, VOD) sales of the iPhone (AAPL) haven't met the partners' expectations so far, according to industry blogger the Boy Genius Report. Online pre-orders came to 550K units, and just 14% of buyers were owners of the AT&T (T) version. (via)  [View news story]
    or break contracts, or not wait till iphone5 this summer, or buy comparable or more powerful android devices
    Feb 16, 2011. 01:30 PM | Likes Like |Link to Comment
  • Lockheed Martin (LMT) returns to civilian nuclear power with a deal to make control rooms for plants built by a joint venture between GE and Hitachi. The venture's new designs are liable to take hold first outside a slower U.S. market.  [View news story]
    Interesting; wonder if this has anything to do with Obama's nuclear money...
    Feb 16, 2011. 11:49 AM | Likes Like |Link to Comment
  • Slowing labor force growth means the U.S. needs big productivity gains to a maintain rising living standards, a McKinsey report concludes. Without the productivity boost, the U.S. may be heading for decades of stagnation: At its historic annual rate of 1.7% and with projected labor force growth of just 0.5%, GDP growth would equal 2.2%/year - one-third below the 50-year average.  [View news story]
    Of course you're right, but it was a deeper analysis than I wanted to make, mostly because it involves politics.

    It will take policy change to move the economy into a higher gear and the political will - or ability - has yet to surface.
    Feb 16, 2011. 11:29 AM | 2 Likes Like |Link to Comment
  • Duncan Niederauer asserts that the merger of NYSE Euronext (NYX -2%) and Deutsche Boerse (DBOEY.PK) "isn’t a takeover," but Gary Weiss writes that "we've become minority owners of our own financial heritage," and in some ways deservedly so since "we lost our moral leadership in the financial world, if we ever had any, in the 2008 financial crisis."  [View news story]
    Minority owners of our own financial heritage? We deserve it, we put ourselves here, if we didn't it would be NYSE buying DB.

    Spilled milk, broken eggs, really not caring too much about this. Being emotional about your assets makes you lose money.
    Feb 16, 2011. 11:27 AM | Likes Like |Link to Comment
  • JPMorgan Chase (JPM +1.6%) is preparing an aggressive expansion in consumer and private banking over the next five years, CEO Jamie Dimon says, and "I’m not going into politics and I’m not opening a restaurant. I love what I do." The bank ranks as analysts' favorite Dow stock for 2011, receiving 28 buy ratings and five holds.  [View news story]
    I'm watching what Chase is doing and I definitely see them creating value, and, in particular, on the retail/lending side.

    They have a good strategy in place and the execution looks good so far too.
    Feb 16, 2011. 11:25 AM | Likes Like |Link to Comment
  • Slowing labor force growth means the U.S. needs big productivity gains to a maintain rising living standards, a McKinsey report concludes. Without the productivity boost, the U.S. may be heading for decades of stagnation: At its historic annual rate of 1.7% and with projected labor force growth of just 0.5%, GDP growth would equal 2.2%/year - one-third below the 50-year average.  [View news story]
    Like I said in the Toyota news item, Japan continues to make fools and liars out of the charlatans who claim that exporting jobs is necessary in the age of cheap global labor.

    US faces the problem of having to reset its economy to a model not focused around housing, not focused around gov't employment, and not focused around entitlement programs which are unsustainable.
    Feb 16, 2011. 11:02 AM | 1 Like Like |Link to Comment
  • Banks are demanding higher down payments from potential borrowers, a move that could arguably reduce delinquencies but which might also shrink the pool of eligible buyers.  [View news story]
    In most countries around the world, where education is free or cheap, parents tend to provide housing for their offspring, in the US parents have traditionally provided education, not housing; as quality of life continues to deteriorate for most of the country we see parents now finding they not only have to fund education and health for their offspring, but housing as well...

    Guess the generation that "benefited from the greatest growth" blah blah blah is now also the generation most likely to have to provide support to the generation most likely to inherit the bill for its excesses....

    Funny.
    Feb 16, 2011. 10:51 AM | 2 Likes Like |Link to Comment
  • Banks are demanding higher down payments from potential borrowers, a move that could arguably reduce delinquencies but which might also shrink the pool of eligible buyers.  [View news story]
    Reduced pool of buyers = downwards pressure on values, which brings along with it assorted issues we can call known unknowns and known knowns, and likely no unknown unknowns (i like how I phrased that!)

    Banks and the finance industry will likely stand behind this as it is increasingly evident that the "shadow inventory" has been stabilized and the impending apocalypses of various natures in the real estate markets will remain extant only in the imagination.
    Feb 16, 2011. 10:47 AM | 1 Like Like |Link to Comment
  • Toyota (TM) opens its first assembly plant in Japan in 18 years. The factory - which will produce 120K autos/year, mostly for export to the U.S. and Middle East - contains a number of innovations to boost productivity and competitiveness in a world of ¥84/dollar.  [View news story]
    Japan continues to make fools and liars out of the charlatans who claim that exporting manufacturing is necessary in the age of cheap global labor.
    Feb 16, 2011. 10:43 AM | Likes Like |Link to Comment
  • Citigroup upgrades Research In Motion (RIMM +2.6%) to Buy from Sell: Nokia's strategy shake-up will leave a 'multi-quarter gap in Nokia products,' creating a window for RIM to grab promotion dollars from carriers and 'materially' helps its sales and profitability.  [View news story]
    Actually NOKIA should be embarassed it was a monumental blunder and is opening a huge opportunity in certain markets - notable SE Asia and emerging economies where Nokia's Symbian has traditionally been very popular.

    Interestingly, those markets are also traditionally strong with RIM as well, whereas iOS and Android have limited presence there.

    This means that the opportunity to grow in these markets is almost exclusively a RIMM opportunity.

    I agree with the rating 100%.
    Feb 16, 2011. 10:39 AM | Likes Like |Link to Comment
  • More than just headline fodder, "China's ascendancy to #2 is very serious," says veteran Japanese policy hand Toyoo Gyohten. "They believe ... they are qualified to become the top global leader like they used to be several hundred years ago ... less of a problem for Japan than ... for the U.S."  [View news story]
    Easy come easy go, arrogance is usually rewarded with poop on your shoe when you forget to watch where you step.
    Feb 15, 2011. 03:49 PM | Likes Like |Link to Comment
  • We're running out of positive economic surprises to drive the market higher, Pragmatic Capitalist writes. "Given the very high levels of bullishness and analyst expectations of economic data, we could finally be due for an equity market correction... assuming that the Bernanke Put isn’t so firmly entrenched that it overrides any and all historically reliable data."  [View news story]
    All I can say is "volume"...
    Feb 15, 2011. 03:48 PM | 1 Like Like |Link to Comment
  • Android (GOOG) is “the next Windows” that will run as much as 65% of the world's smartphones, e-readers and tablet computers in three to four years, tech venture capitalist Mark Volpi believes. “Most of us will have one tablet and one phone, and maybe one reader. Not every child will have a PC, but every child will have a tablet."  [View news story]
    Yeah, I'm tired of seeing it everywhere. That said, I'd hesitate to presume too much since it seems all the mobile OS players - Apple, MSFT, HP, Google, RIM - are trying to build ecosystems that extend beyond the phone, and VMWare is creating virtualization environment to make the platform/OS irrelevant.
    the future is clouded...

    I think the result will be less Windows-like ubiquity (90%+) although I agree with that 65% number... all in all quite the coop for a relatively cheap purchase on Google's part.
    Feb 15, 2011. 03:47 PM | Likes Like |Link to Comment
  • Finance Minister Guido Mantega rebuffs Tim Geithner's attempts to enlist Brazil in teaming up to fight China's currency policy, saying the weak dollar is just as concerning as the yuan's value. "There is no common initiative," he says.  [View news story]
    Brazil doesn't like us, that's not news. They export to all our enemies.

    But considering they are getting hurt enough to take the issue to court they should at least line up on our side against the Yuan. Interesting how they are throwing their weight around lately.

    Ah well, yet another indicator of how US international influence is waning.
    Feb 15, 2011. 11:12 AM | Likes Like |Link to Comment
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