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kmi

kmi
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  • In a deal to be sealed shortly, NATO agrees to take over command and enforcement of the Libyan no fly zone from the U.S. The U.S. will have just limited participation in the so-called Operation Odyssey Dawn going forward.  [View news story]
    Turkey better get its head straight they have tens of thousands of nationals and lots of economic interests in Libya...
    Mar 24, 2011. 05:52 PM | Likes Like |Link to Comment
  • Initial Jobless Claims: -5K to 382K vs. consensus of 385K. Continuing claims -2K to 3,721,000.  [View news story]
    Ahhh talking points get us nowhere.... we are like congress.
    Mar 24, 2011. 01:22 PM | Likes Like |Link to Comment
  • An AT&T (T +1.2%) takeover of T-Mobile (DTEGY.PK) would transform it into a "truly wireless-first carrier," which could be worth an additional $5/share, Sanford Bernstein's Craig Moffett writes. In contrast to skepticism about regulatory approval, Moffett thinks the deal “has a real chance of approval,” given the skills of AT&T’s regulatory team.  [View news story]
    I don't know if AT&T will make the deal happen, but the 'value accretion' of the potential TMo acquisition is at least several years out as AT&T repurposes TMo 3G spectrum to its 4G needs.

    $28 to $31 in several years? Meh. Even $28 to $33 in several years... meh.

    And Moffett assumes revenue growth from wireless provides "a more attractive growth profile going forward, and higher long term returns on capital."

    Taking as granted that cellular revenue growth is mostly coming from data, to the effect that unlimited voice is common and tiered data is becoming prevalent versus unlimited data, then a attractive growth profile assumes revenue growth will continue at this poace from data.

    But, wireless hotspots - and tethering - are becoming part of every smartphones native software instead of a package added separately. i.e. revenue lost. Also, cellphones will replace landline data connections too, so anyone heavily in that business - both AT&T and Verizon - will see that buisness diminish with the prevalence of wireless hotspot software on cellphones.

    So, again, on (T)? Meh.
    Mar 24, 2011. 11:05 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: -5K to 382K vs. consensus of 385K. Continuing claims -2K to 3,721,000.  [View news story]
    Yeah make the middle class work longer and harder. Makes more sense than raising rates on the top 1%. Where are you Reagan.
    Mar 24, 2011. 10:51 AM | Likes Like |Link to Comment
  • Not Yemen, not Bahrain, but Brussels, where security forces use water cannons and tear gas to disperse protesters at a EU summit. One of the goals of the summit will be to create a "Euro pact" whose aim, among other things, is to lower wages for workers.  [View news story]
    Come on, extend the retirement age, decrease wages and raise middle class taxes while cutting tax rates for the top 1%. That's the winning strategy. Middle class needs to work hard and longer so the ultra wealthy can continue to divest them of quality of life. Hell iPad prices didn't go up so all is right in the world.
    Mar 24, 2011. 10:50 AM | Likes Like |Link to Comment
  • Sure, Sprint (S +0.45%) has its problems and AT&T's (T) deal for T-Mobile (DTEGY.PK) isn't going to help. But the firm's shares are so battered at this point that they're actually trading at a discount to Sprint's net assets. Sprint's FCC licenses alone are worth $19.9B vs. the stock's $13.6B market cap.  [View news story]
    Remember that TMobile's absorption by AT&T will effectively make Sprint the cheapest national level carrier, and Sprint is doing good things, every day. I think Tmo customers not in need of GSM will more likely migrate to MetroPCS or Sprint over Verizon to boot.
    Mar 24, 2011. 10:48 AM | Likes Like |Link to Comment
  • The U.S. is the first country to ban food from Japan, blocking the import of milk, vegetables, and fruit from regions nearest the Fukushima plant. Japanese shares end a massive 2 day bounce, falling 1.65% and sitting 8% below pre-quake levels. Premarket: EWJ -1.0%. The yen is flat.  [View news story]
    It'll get worse.
    Mar 23, 2011. 05:27 PM | Likes Like |Link to Comment
  • A federal judge orders Apple (AAPL) CEO Steve Jobs to be deposed in an antitrust suit that alleges iTunes serves as a music-downloading monopoly, noting he has "unique, non-repetitive, firsthand knowledge" about the central issues. (earlier: Apple v. Amazon)  [View news story]
    See if you can understand this. If Apple is taking advantage of its majority control of the marketplace to shut down competition it should be punished, period.

    If the solution to the anticompetitive behavior is to force Apple to allow other music software on Apple's platform, yes.

    Your comment is crafted to imply that all music not acquired via Apple's sources is pirated. And that Apple is the arbiter of what is "pirated" or not, and also the vehicle by which rights holder must therefore secure their content.

    This alone tells me that you believe that yes, Apple is a monopoly, and the only legitimate source of non-pirated music.

    That said, I submit you are wrong, Apple is not the only provider of non pirated content in the world, and that regardless of content's provenance, Apple is not the party who should be enforcing content rights, unless Apple explicitly states that it will do so, with all that implies.
    Mar 23, 2011. 09:05 AM | Likes Like |Link to Comment
  • Of 111 housing experts and economists surveyed by Robert Shiller, nearly half foresee a double-dip in home prices this year, "and not a single panelist expects national home prices to recover to the pre-bubble trend in the coming five years." The report comes as Fannie Mae (FNMA.OB) says rising gas prices will directly dampen any housing recovery.  [View news story]
    There is no housing recovery, and the damage from housing is mostly a known quantity.

    So, the only reason to want a housing recovery is to create jobs in the housing industry, or revenue for lenders, correct?

    We don't need, and many don't want to see, an equity/debt fueled expansion either.

    So... who cares if housing doesn't recover? Or am I wrong?

    Let the market figure itself out.
    Mar 22, 2011. 05:11 PM | Likes Like |Link to Comment
  • Verizon Wireless (VZ) CEO Daniel Mead says he has no interest in buying Sprint (S) even though Verizon will lose its top U.S. position in a merger of AT&T (T) and T-Mobile (DTEGY.PK). So who might come calling? 24/7's Doug McIntyre speculates that a buyer, such as SK Telecom, could come from overseas. "There is a sucker born every minute even among the world’s largest companies."  [View news story]
    They slaughtered me with BS data and subscription charges incurred by employees month after month. Every month I'd try and get them off the bill and every month they swore they would set it up so employees could not incur any charges outside of voice minutes and every month they lied.

    So I cancelled a bunch of lines and moved to TMobile and never looked back. And all this was before Dan too. Bad experience but it was a different company.
    Mar 22, 2011. 04:19 PM | Likes Like |Link to Comment
  • Wary of being bogged down in another war, President Obama plans to quickly hand leadership over Libyan military action to NATO. The AP reports France calling for a special steering committee to oversee the operation ... sounds like a recipe for success.  [View news story]
    Heh, well I remember something here is the Wikipedia stuff:

    en.wikipedia.org/wiki/...

    On at least 125 occasions, the President has acted without prior express military authorization from Congress. These include instances in which the United States fought in Korea in 1950, the Philippine-American War from 1898–1903, and in Nicaragua in 1927.
    Mar 22, 2011. 03:57 PM | Likes Like |Link to Comment
  • Wary of being bogged down in another war, President Obama plans to quickly hand leadership over Libyan military action to NATO. The AP reports France calling for a special steering committee to oversee the operation ... sounds like a recipe for success.  [View news story]
    You realize the not notifying Congress thing now extends waaaaaaay back to Bush Sr. and has become the de facto modus operandi right?

    Used by both Dems and Reps as they see fit.
    Mar 22, 2011. 03:41 PM | Likes Like |Link to Comment
  • U.S. banks resist efforts to tighten international rules to prevent the flow of money from corrupt politicians, coming amid criticism for holding billions in assets allegedly belonging to regimes in Libya, Egypt and Tunisia. An OECD proposal that sets standards for money laundering laws would require banks to identify the person who ultimately benefits from an account.  [View news story]
    I say let them store their money here and take it when they piss you off.

    Or give it to me, I'm ok with that.

    Done deal.
    Mar 22, 2011. 03:35 PM | Likes Like |Link to Comment
  • Verizon Wireless (VZ) CEO Daniel Mead says he has no interest in buying Sprint (S) even though Verizon will lose its top U.S. position in a merger of AT&T (T) and T-Mobile (DTEGY.PK). So who might come calling? 24/7's Doug McIntyre speculates that a buyer, such as SK Telecom, could come from overseas. "There is a sucker born every minute even among the world’s largest companies."  [View news story]
    I hate that Sprint is talked so poorly about, a lot of the post AT&T+TMob drop in stock price was as bullish bets were sold off.

    I played this trade too.

    Sprint went $4.50 to $5+ on speculation a TMo-Sprint deal was in the works, then inched up a bit more, and collapsed to like $4.30 after ATT_Tmo tie up was announced. It actually looks like AT&T went to great lengths to outbid S from where I sit, and the drop in S stock was overdone.

    S is being run very well getting a lot of leads of noteworthy tech ahead of the competition, and if ATT-Tmo tie up is a done deal, those in Tmo for the prices will go to Sprint since Sprint will become the low cost national network of choice.

    I believe it's being very well run but hard to pull it back from precipice.
    Mar 22, 2011. 03:33 PM | Likes Like |Link to Comment
  • With a mega-merger like AT&T (T)/T-Mobile (DTEGY.PK) getting started, "the capex cake will not grow long-term," says Swedbank as analysts predict crimped margins and fewer orders for equipment suppliers like Ericsson (ERIC), Nokia Siemens (NOK, SI) and Alcatel-Lucent (ALU). Margins are higher in the U.S. to begin with, and a behemoth mobile firm would have power to demand lower prices on infrastructure.  [View news story]
    AT&T/TMo will likely also push to make the new NFC stuff become carrier side instead of consumer side as well as pushing for more control over app stores and purchases made via mobile in general.

    This cannot be underestimated.

    Carriers don't want to be "utilities" they want to be in the retail side where the margins are good.
    Mar 22, 2011. 03:03 PM | Likes Like |Link to Comment
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