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Philip Marlowe

Philip Marlowe
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  • Cypress higher after providing guidance; Synaptics up strongly [View news story]
    It is a good day for chip stocks mostly because of TSMC's results that came out last night.
    Apr 17 02:49 PM | Likes Like |Link to Comment
  • Judge rules GM doesn't have to give parking order [View news story]
    proceed.
    Apr 17 01:08 PM | 6 Likes Like |Link to Comment
  • New Mercedes electric minivan has a Tesla touch [View news story]
    Tesla buys individual battery cells from panasonic, but they do make their own battery packs from those battery cells. There is much more to a Tesla battery pack than the individual cells.
    Apr 17 11:56 AM | 1 Like Like |Link to Comment
  • Not All Dry Bulk Shippers Are Created Equal [View article]
    I was a holder of SB but I gave up. Don't get me wrong, SB are definitely the best run of the shippers as far as i can tell. But the shipping rates are down and will be down for the near future. It seems that the Chinese leadership is very serious in their intent to make profound changes to the Chinese economy so we will see much less infrastructure investment which means less steel, which means less iron ore and met coal shipments.

    And again, I think SB is very well managed, but they cannot control the markets, and right now the markets are not good for them. So, unfortunately, I do not think the 15 cent dividend will be restored anytime soon.
    Apr 16 11:02 PM | 1 Like Like |Link to Comment
  • Zynga Shares Tumble: Time To Buy [View article]
    The rise in Zynga shares was definitely driven by high expectations. Impossibly high expectations, in fact.

    Zynga is losing money and their revenues are shrinking. Yet investors are expecting that a drastic turnaround is underway. Yet, there is no evidence of such turnaround, either from the quality of the games being produced, the popularity of the games or the financial results.

    The purchase of natural motion was often cited for the fast growth in stock price, but at this point it is becoming obvious that this purchase was a dud and an expensive mistake. Most natural motion games are suffering sharp drops in popularity with their flagship "clumsy ninja" leading the way.

    This purchase will probably lead to slight sequential growth in bookings, but the benefit will be of short duration, because the games are quickly losing popularity. This is a small benefit indeed for a half a billion dollar price tag.

    Expect Zynga to continue to hover around the edge of profitability and to continue to try to make acquisitions to try to provide the impression of growth. Once the cash is gone, expect a slow decline.
    Apr 16 06:07 PM | 2 Likes Like |Link to Comment
  • More on Intel: Server CPU sales are healthy, mobile sales aren't [View news story]
    Me too.
    Apr 15 06:16 PM | 1 Like Like |Link to Comment
  • More on Intel: Server CPU sales are healthy, mobile sales aren't [View news story]
    Intel is really not doing well on mobile. I guess I won this argument with Ashraf. Alas, Ashraf does not post much on Seeking Alpha anymore, so he cannot acknowledge my brilliance.

    PS: If you want to take advantage of the strength in Intel servers I recommend the following small caps: SMCI and SILC.
    Apr 15 05:27 PM | Likes Like |Link to Comment
  • Buy The Gold Stock Space Irrespective Of The Price Of Gold [View article]
    This is just silly. I do not want to insult you, but your argument makes absolutely no sense. You are saying that if the gold price drops to $1000 that will be good for miners, because it will force them to cut corners? How do you know there are any corners left to be cut? Miners have been trying to cut costs all year last year because of dropping prices.

    And even if there are corners to be cut, how do you know that would be enough to compensate against dropping gold prices?

    And further to your "evidence" you add the current price targets of analysts. Why do you think that current price targets of analysts that were arrived at $1300 gold would hold if gold dropped to $1000? Analysts price targets have always been over-optimistic, especially for gold miners. But I guarantee you if gold drops to $1000 all of these analyst targets will drop too.

    And there is another factor that you gold bulls are very eager to ignore. Over the long term the cost of gold mining always goes up. This always happens as the easy deposits are first to be mined, and later on more expensive deposits have to be mined at higher cost. So maybe "cutting corners" may give you a temporary reprieve but over the long term the cost of mining will go up.
    Apr 15 12:53 PM | 6 Likes Like |Link to Comment
  • Petrobras defends Pasadena refinery purchase [View news story]
    I very much doubt anyone can get a working 100k bbl/day refinery for 40 million dollars.
    Apr 15 12:13 PM | 1 Like Like |Link to Comment
  • Cisco Needs To Think Like Zuckerberg And Buy Ubiquiti Networks [View article]
    What do you mean "XX times sales"? UBNT is currently selling for a forward PE of 16. That for a company that is growing revenues over 80% yoy and earnings over 130% yoy. UBNT is value. At least it is high growth at a very reasonable price.
    Apr 15 11:21 AM | Likes Like |Link to Comment
  • Early Galaxy S5 sales healthy; Synaptics, InvenSense outperform [View news story]
    This is good news for SYNA and INVN and other suppliers, but the real money will probably be made in the mid-range.
    Apr 14 03:07 PM | Likes Like |Link to Comment
  • Skyworks Solutions: Earnings Preview [View article]
    Thank you for writing about this great company. I think this is probably the best value in the sector. I have been following them for a while and they exhibit the behavior of a company with a persistent technological advantage. They seem to show better organic growth than their peers and they seem to beat estimates when their peers miss.

    Furthermore, whenever skyworks is analyzed one should always consider skyone. Skyone is an integrated front end that can replace a lot of different chips. Integration here is the future of the industry and skyworks seems to be in the front end of the industry.
    Apr 11 06:17 PM | Likes Like |Link to Comment
  • Goodman Networks files to go public [View news story]
    Stop the IPOs, dammit!
    Apr 11 03:28 PM | Likes Like |Link to Comment
  • Buffett and Graham put deal on paper [View news story]
    I think the main goal here is not capital gains tax avoidance, but being able to cash out without crashing the stock. Buffet knows that if he sells his large share in the open market, the stock will fall and he will have to take losses. So he makes a deal to take over assets in exchange of stock. He has done similar deals with other companies.
    Apr 11 12:14 PM | 2 Likes Like |Link to Comment
  • Micron: Opportunity Knocks, Yet Wait For This Signal To Buy [View article]
    "Micron's downside risks are many. First, the competitive environment for the company is vicious. A relentless onslaught of new products and competitors attempt to disrupt the status quo on a daily basis. Furthermore, macroeconomic and geopolitical risks which are out of the company's control could take a turn for the worse at any time."

    Let me try to understand this. What are these new products and competitors that are popping up on daily basis? For example, what new competitor popped up today?

    As far as I remember, there has not been a new entrant in the memory/flash business in many years, and old competitors have been getting bought out.
    Apr 10 06:20 PM | 23 Likes Like |Link to Comment
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