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Philip Marlowe

Philip Marlowe
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  • Ubiquiti -3.6% on Macquarie downgrade [View news story]
    You are right. Let's hope that after launching coverage at outperform at exactly the wrong time, they also cut their rating at exactly the wrong time.
    Mar 26, 2015. 01:02 PM | 2 Likes Like |Link to Comment
  • ASML -5.8%; Deutsche downgrades, peers sell off (updated) [View news story]
    During the Credit Suisse Asia conference TSMC talked about their new nodes. I believe they said that they would be using EUV in production much later than people anticipated. That Credit Suisse asia conference sure created a lot of havoc.
    Mar 26, 2015. 12:58 PM | 1 Like Like |Link to Comment
  • Chip stocks slump again after SanDisk warns; TSMC remarks in focus [View news story]
    Both the TSMC and Sandisk announcements share one thing in common -- Samsung. Samsung the 800 lbs gorilla of the industry said last year that they will be investing massively into chipmaking since their cell phone business was not doing well. Samsung also released a 3D nand before Sandisk. Sandisk's 3d nand is not due until 2H 2015.

    What I am saying here is that it is that I am not convinced there is a broad slowdown of the industry. I think what is happening is that Samsung is aggressively grabbing market share and the companies that are most directly affected are showing the results.
    Mar 26, 2015. 12:53 PM | 3 Likes Like |Link to Comment
  • Jabil Circuit beats by $0.05, beats on revenue [View news story]
    Great results from Jabil considering the currency headwinds they are facing. More importantly they guided the forward quarter inline and confirmed their annual guidance, which means their underlying business is growing enough to weather the strong dollar.
    Mar 18, 2015. 04:29 PM | Likes Like |Link to Comment
  • ChipMOS +8.7% on Q4 EPS beat; guidance brushed off [View news story]
    Regarding revenue, one should note that IMOS reports their revenue on monthly basis, so investors knew what the Q4 revenue would be long before yesterdays quarterly report. The main unknown thing was earnings, and that was a positive surprise.

    Furthermore, investors already know what revenues were for January and February, so nobody really believe the analyst's estimates for Q1 revenues. And I do not know what the heck these analysts were thinking anyways -- in the asian electronics industry Q1 is always seasonally down from Q4. That's when their biggest holidays happen.

    Overall, IMOS's business is doing well, the only question mark is how and when will management give back the vast amounts of extraneous cash to shareholders and simplify the corporate structure.
    Mar 13, 2015. 01:24 PM | 5 Likes Like |Link to Comment
  • Intel -4.1% on Q1 warning; other PC industry names also fall [View news story]
    Your link is broken and yes it is the dollar.
    Mar 13, 2015. 02:15 AM | 1 Like Like |Link to Comment
  • Intel -4.1% on Q1 warning; other PC industry names also fall [View news story]
    Even if there is no competition, international sales will still be hurt by the rising dollar. If Intel CPUs are getting more expensive, foreign customers will wait longer to upgrade, or will buy cheaper models than they would have otherwise purchased.
    Mar 12, 2015. 03:49 PM | 3 Likes Like |Link to Comment
  • Intel -4.1% on Q1 warning; other PC industry names also fall [View news story]
    Intel seems to be one of the first victims of the skyrocketing dollar. This is a matter of great concern. Rising dollar will screw over US manufacturing and pretty much any US company with international competition, which nowadays is the great majority of US companies.

    I hope the FED are paying attention. It would be crazy to raise rates now that everyone else is slashing their rates and there is no inflation.
    Mar 12, 2015. 01:55 PM | 5 Likes Like |Link to Comment
  • Chinese consortium buying Integrated Silicon for $19.25/share [View news story]
    I am not sure I am pleased as a shareholder. ISSI was very undervalued with a lot of cash and other valueable assets (Nanya shares) on the balance sheet. Furthermore, they are in very good position for an explosive growth in revenues considering the impending growth of automotive electronics. The Chinese consortium are getting a very good deal. They should have offered at least 50% premium.

    If Starboard goes against the deal I will join them.

    BTW Omnivision is also geared for automotive electronics, the chinese know there will be massive growth coming in automotive electronics and are buying companies for cheap under the noses of american investors.
    Mar 12, 2015. 11:41 AM | Likes Like |Link to Comment
  • What Dodd-Frank? Citigroup roars back [View news story]
    UGH ... so I guess we will have to bail them out again.
    Mar 11, 2015. 01:38 PM | 1 Like Like |Link to Comment
  • Synaptics stays green following bullish Northland launch [View news story]
    The selloff from the Qualcomm news was typical uninformed headline following. I would at wait at least a year to see what is the actual client uptake from the Qualcomm ultrasound sensor before making any investment decisions based on it.

    Big semiconductor companeis try to enter new businesses all the time but they are not always successful. If that was the case Skyworks would now be bankrupt because Qualcomm entered their field a couple of years ago. But they are far from bankrupt. Or even Qualcomm would be bankrupt because Intel entered their main line. But that is far from happening too.
    Mar 10, 2015. 02:37 PM | 2 Likes Like |Link to Comment
  • Evolving IT Services Market Warrants Attention [View article]
    NYSE:CAP is not Cap Gemini. Cap Gemini is traded in Paris, not on the NYSE. NYSE:CAP is a shipping container leasing company.

    Furthermore, I would say that there some much better buys in this space. However, I cannot say what they are because I am looking to buy more of them. Once I load up to the my maximum allocation I would be happy to share.
    Mar 9, 2015. 04:42 PM | Likes Like |Link to Comment
  • Obama: "Extraordinarily dirty" oil extraction is reason for Keystone concern [View news story]
    SAGD requires about 20 times as much water as fracking and much more energy. And it does disrupt the ground, all of this gas and steam has to rise through the ground and brings a lot of the poisonous gases associated with oil with it.

    Fracking is done under impermeable rock. If it is done correctly the only place where gases rise up will be through the well bore, and they can be flared or dealt with there. Of course if the well bore is not properly sealed, the gases will come out all over the place and then you get the problems with the destroyed water and gas rising up through people's back yards.
    Mar 9, 2015. 11:47 AM | Likes Like |Link to Comment
  • Server/storage sales grow in Q4, but many industry leaders lose ground [View news story]
    I keep saying this every time SA reports this data, but if you want exposure to the skyrocketing white label portion of server and storage sales, get SMCI.
    Mar 7, 2015. 03:56 PM | 7 Likes Like |Link to Comment
  • Obama: "Extraordinarily dirty" oil extraction is reason for Keystone concern [View news story]
    That is as dumb as anything else that has been said here. Berkshire Hathaway owns a lot of suncor shares and Buffett said he is in favor of the pipeline.
    Mar 7, 2015. 11:36 AM | 1 Like Like |Link to Comment
COMMENTS STATS
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