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  • NYT: Amgen close to buying Onyx for $125/share [View news story]
    Ok, I still don't see any preferred stock in the most recent 10Q filing. They list 73M shares outstanding & 5M preferred stock that is authorized, but not issued or outstanding. The only other mention anywhere of a preferred is payouts totaling a max of $365M to a company they acquired in '09 (Proteolix) contingent upon drugs hitting certain milestones out to '16. I'd imagine those simply get transferred in a change of control & therefor wouldn't be calculated in the buyout price being quoted of $10.5B.
    Aug 25, 2013. 03:36 PM | Likes Like |Link to Comment
  • NYT: Amgen close to buying Onyx for $125/share [View news story]
    Thanks, I wasn't aware they had preferreds. I'll have to review their filings.
    Aug 25, 2013. 12:41 AM | Likes Like |Link to Comment
  • NYT: Amgen close to buying Onyx for $125/share [View news story]
    How does $125/sh = $10.5B? Is there a CVR in addition to the cash?
    Aug 24, 2013. 11:06 PM | Likes Like |Link to Comment
  • The "stock market actually hates technology," writes Marc Andreessen, but stop worrying about valuation and instead realize that software firms (ETF: IGV) "are poised to take over large swathes of the economy." The dream of the early 1990s - a "fully digitally wired" global economy - has nearly arrived. The upheaval is just getting started.  [View news story]
    You mad bro?
    Aug 20, 2011. 04:13 PM | Likes Like |Link to Comment
  • Cheap doesn't do service to describing Apple's (AAPL) stock, now trading at a 15 PE. Adjusting for growth, Apple is trading at the same valuation as it was during the depths of the GFC. Is the market saying a company this big can't keep growing earnings at a decent pace?  [View news story]
    They've been saying that since the iPod.
    Jun 20, 2011. 05:58 PM | 1 Like Like |Link to Comment
  • The EU fines Unilever (UL +0.9%) and P&G (PG +0.4%) €315M ($456M) for fixing washing powder prices in eight countries. Germany's Henkel (HENKY.PK), which alerted the European Commission to the cartel, was not penalized.  [View news story]
    Snitches get stitches.
    Apr 13, 2011. 08:39 AM | Likes Like |Link to Comment
  • Let them eat iPad! When NY Fed's Bill Dudley was pressed by a working-class audience about how he can view inflation as low when grocery prices keep rising, his response: "You can buy an iPad2 that costs the same as an iPad1, that’s twice as powerful." Grumbling ensued, as Dudley is stunned to learn that iPads are more popular at Fed offices than on the streets of Queens.  [View news story]
    Has he seen at the price of arugula at Whole Foods lately??
    Mar 11, 2011. 07:14 PM | 6 Likes Like |Link to Comment
  • Steve Jobs may have been exaggerating when he said the tech industry is in a 'post-PC' device era, but even Gartner admits tablets are cannibalizing PC sales. Global PC shipments are now expected to grow 10.5% this year instead of 15.9%, and consumer laptops will grow 14.6% instead of 25.1%.  [View news story]
    What makes you think he was exaggerating?
    Mar 4, 2011. 08:06 AM | Likes Like |Link to Comment
  • In a court filing, JPMorgan Chase (JPM) claims that the bankruptcy of Lehman Brothers left it with certain assets that Lehman’s own employees referred to as “goat poo.”  [View news story]
    So wait, was that a bullish or bearish statement out of Lehman given what the price of fertilizer has done?
    Feb 18, 2011. 05:43 PM | 1 Like Like |Link to Comment
  • Kraft (KFT) begins arbitration proceedings to challenge Starbucks' (SBUX -0.4%) attempt to end their retail grocery tie-up. Kraft says it has grown Starbucks' retail grocery coffee business to $500B in annual revenue from less than $50B twelve years ago. (Statements from Kraft, Starbucks)  [View news story]
    Think you mean million.
    Nov 29, 2010. 08:28 AM | Likes Like |Link to Comment
  • "Many customers are getting tired of being told what to think by Apple (AAPL)" - Research In Motion (RIMM +2.8%) co-CEO Jim Balsillie, after Steve Jobs tuned in to the Apple earnings call to take aim at RIM and Google (GOOG). Stakes are high as the three companies jockey for fast-changing positions in corporate mobile devices and tablets.  [View news story]
    Not as tired as customers are getting of RIMM's products.
    Oct 20, 2010. 12:59 PM | 2 Likes Like |Link to Comment
  • China accounts for 93% of production of "rare earth elements" and more than 99% of output for dysprosium and terbium, vital for a wide range of green technologies and military applications like missiles. China is cutting exports of these elements, pressuring more manufacturers to open factories there in order to maintain access to the minerals.  [View news story]
    That article is from August, 2009.
    Aug 30, 2010. 10:04 AM | Likes Like |Link to Comment