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alpine

alpine
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  • Bank Of Greece Expulsion From The Eurosystem Could Be Especially Damaging To The Currency Union [View article]
    Given how intractable the situation is, is there any way by which the ECB/IMF/EU find a rough and touble path to accommodate Greece's ridiculous demands to implement, after tough negotiations of course, a "right" path for Greece that allows it to grow instead of depressing its way into oblivion. As part of this tough deal, Greece has to sign up for major restructuring along the lines of what the previous govt agreed to, but with a perhaps delayed timeline.

    This will have the natural effect of severaly depressing the EUR, but let is continue as a single currency for all the slightly better off countries such as Italy, Spain and Portugal as well as the much better off Germany.
    Apr 19, 2015. 03:30 PM | Likes Like |Link to Comment
  • Intel Train Is Leaving The Station [View article]
    Even if I'm also an Intel fan, I'd like to point out the following wrt your report:
    a) everywhere I look in electronic stores around me, I see a glut of laptops, tablets, desktops almost gathering dust;
    b) Europe, a major market for these products in the recent past, has suffered a severe currency headwind for INTC, as retail prices cannot and have not been adjusted for this major problem;
    c) it seems to me that the more successful DCG, the less successful the PCD Group will be, simply because the likes of CSCO, VMW, CTXS, GOOG, AMZN and even MSFT are providing highly credible solutions to effectively move more and more of the end-user computing power to the Cloud instead of being "at hand". The days of "fat" desktop or laptop clients, esp at corporate clients are rapidly moving to "thin" clients, i.e. simply keyboard and screens;
    d) there seems to be too much acceptance that Win10 will have immediate acceptance, both among corporates as well as consumers, but I have yet to see compelling evidence of this;
    e) finally, everything around the Wintel business models seem all too tired or even tiring, so one has to ask "where is the spark?"

    I sincerely hope I am wrong, but this little contribution is just to ask if you've asked yourself, if possible again and again, "where could I go wrong?", and the train moves ever so slowly.....esp since there are so many social, economic and political headwinds blowing chaos all over the world, right now?
    Apr 19, 2015. 07:08 AM | 3 Likes Like |Link to Comment
  • 5 Reasons Why Investors Should Not Worry Too Much About The EU Google Shopping Case [View article]
    While not mentioned in the article, a hidden reason for the EU going after GOOGL is to try and get back some big money for their all too tax efficient in Europe, where their Irish subsidiary earns most of the European profits and pays minimal corporate taxes.

    In the weeks to come, you'll hear similar noises from the EU Anti-competition commissioner on APPL, esp their iTunes and yes, eventually Apple Pay.
    Apr 19, 2015. 06:21 AM | Likes Like |Link to Comment
  • Intel Train Is Leaving The Station [View article]
    A dream scenario is if Win 10 insists on huge chunks of DRAM and NAND memory instead of HDD, which would also lend a helping hand to MU.....
    Apr 19, 2015. 03:24 AM | 3 Likes Like |Link to Comment
  • A Fink Speaks The Truth [View article]
    Another weekend thought on this subject: part of this huge cash flow into corporations allowing them to buyback stock and pay higher and higher dividends is simply their "extreme" and "paranoichal" efficiency in finding all manner of legal and para-legal means to minimise corporate taxes, including the use of the rising number of tax havens (Singapore, Ireland, HK, Switzerland), domiciling themselves entirely or partly outside USA, setting up tax efficient rebilling, tax& treasury companies and of course, extracting long and hard tax holidays when setting up new R&D or manufacturing operations.
    Apr 19, 2015. 03:22 AM | Likes Like |Link to Comment
  • Intel Train Is Leaving The Station [View article]
    It seems Intel's stock price trajectory higher during 2015 is very much tethered to the early adoption of Windows 10. I wonder if the timing of its release as well as readiness for mass adoption is a "true" sure thing, or could have the same fate as Windows 8.
    Apr 18, 2015. 05:20 PM | 1 Like Like |Link to Comment
  • A Fink Speaks The Truth [View article]
    In my "world", deep thinking with a bottle (or two) of fine red wine, overlooking a scenic view of a beautiful lake with the French alps behind it seems a good way to "waste".....
    Apr 18, 2015. 12:46 PM | Likes Like |Link to Comment
  • A Fink Speaks The Truth [View article]
    Your article certainly gives one lots of food for thought, esp over a weekend. While the antipathy towards CEOs and Boards may be fully justified, there may be an economic transformation taking place across all companies that may be the underlying driver of substantial buybacks and dividend increases from companies, almost across the board (pun unintended).

    I put the underlying reason to a general "electonisising" of companies' operations, resulting in an increasing trend towards more and more predictable, as well as substantially cheaper "fixed" costs in producing any manner of widgets, whether they be electrical/electronic goods such as computers or microwave ovens, but also everything from advanced medical equipment, airplanes, biotechnology products or even basic foods. As this trend continues and perhaps even accelerates in the weeks and months and years ahead, companies will continue to need less and less labour, and it is likely they will be paid less and less for every unit they help produce, whether they are in direct work or indirect labour, such as accounting, marketing or even R&D.

    Consequently, we are likely seeing companies generate more and more free cash flow as % of revenues, what with other coincident factors such as Chinese manufacturing, outsourcing, less costly marketing/advertising (through use of new media such as Facebook, Google, Expedia, Zillow, etc), all of which leads to less and less cash needed to run, nurture and grow these companies.

    I "fear" Messrs. Welch and Fink's concerns may not change things much at companies Boardrooms, as this is a pervasive megatrend that is likely even accelerate in the periods ahead.....and while we are at it, let us not forget the likes of Carl Icahn, Nelson Peltz and other activist investors are also, always there "pushing" for more corporate cash "efficiency" for their, yes, selfish ends.
    Apr 18, 2015. 07:37 AM | 1 Like Like |Link to Comment
  • Netflix's Strong Subscriber Count Speaks To The Appeal Of Company's Originals And 'On-Demand' Model [View article]
    All this enormous success of Netflix makes me wonder why the BBC has not "smelt and acted" on a huge opportunity for itself to "reverse engineer" NFLX's business model to offer its incredible array of already well curated, old and new classics, such as excellent Shakespeare plays, British romantic stories, as well as beautiful serials such as Brideshead Revisited, Jewel in the Crown, and oh yes, so many.

    The Brits are really fast asleep when it comes to these things compared to the USA West Coast.
    Apr 18, 2015. 07:18 AM | 1 Like Like |Link to Comment
  • Russ Fischer: Moore's Law, Chip Companies And What's Next For Tech [View article]
    Alas, RF, no mention of Intel's photonics and its promise?
    Apr 16, 2015. 08:25 AM | 2 Likes Like |Link to Comment
  • SanDisk -6% on weak guidance; job cuts/restructuring planned [View news story]
    One must remember all those Chinese smartphone and tablet manufacturers, Huawei, Lenovo, Xiaomi, ZTE come to mind, along with many others, and they are likely veering towards Micron. I suspect in a perverse way, Sandisk is being punished for being too close to "fiery" Apple, as it can turn away in a "flash".

    Also, as has now become SOP on Wall Street, these days, they'll drive down the stock price hook line and sinker and announce a stock buyback program, so they can mop up the shares on the cheap.
    Apr 16, 2015. 04:42 AM | Likes Like |Link to Comment
  • Intel's Q1 Was A Dinosaur Egg [View article]
    FWIW, my "dream" wish for Intel's very quiet plans is for it to get really serious about designing and manufacturing on its own NAND memory chips that are either "fused" or are in fact "imbedded" on top of its 3D CPU/APU chips (like Skylake, etc) as a compete "system"....if that were possible,
    And
    Let the IMFT JV to continue to survive and prosper designing and manufacturing NAND memory chips that can slowly but surely replace all HDD and even older generation SSD "standalone" memory in all servers, the cloud and HPC centres worldwide with high performance SSD systems, connected to the former with Intel's own photonics connectors.
    Apr 16, 2015. 02:55 AM | 2 Likes Like |Link to Comment
  • China: New Year, New Opportunity? [View article]
    Great article, esp since I agree with its +ve view of Chinese stocks at current prices. I found the ROE/PB chart very interesting, I just wonder where the likes of Brazil, South Africa, Russia stock markets "sit" in that chart. They, I wonder, may be an even better "value" than China or all the other Asian markets.

    Finally, I am less worried than most about the Philippines, as it is likely to be a great long term performer, with almost all the right "strong tailwinds" for the next 10 years, at least more than any other EM!
    Apr 15, 2015. 04:01 PM | Likes Like |Link to Comment
  • CNBC shoots down Yahoo/Foursquare report [View news story]
    FWIW, I feel YHOO should finalise the Bing contract renewal before looking at anything else.
    Apr 15, 2015. 01:24 PM | 1 Like Like |Link to Comment
  • Intel's Q1 Was A Dinosaur Egg [View article]
    Russ, wondered whether you listened in on the Intel conference call, and what your reaction was to their, imo, highly evasive response to the question on their business prospects in NAND/SSD.
    Apr 15, 2015. 01:22 PM | 2 Likes Like |Link to Comment
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