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  • Google (GOOG) is selling Motorola Home for $2.35B ($2.05B in cash + $300M in stock) to Arris (ARRS). The division, which sells set-top boxes, infrastructure gear, and other hardware to pay-TV and broadband providers, had revenue of $3.4B in the 4 quarters ending Sep. 30. Arris, which closed with a market cap of just $1.65B, is halted. The deal will be "significantly accretive" to Arris' EPS and give Google a 15.7% stake in the company, which will probably have to raise a lot of debt to finance the purchase. (previous[View news story]
    Agree with Morrison here.
    If we didn't let failed companies die then we would have zombie like corporations that exist only to sell the same tired product line (probably via outsourced manufacturing) and consist mostly of attorneys who are tasked with stamping out new competition. All on the dole of the government.
    Dec 20 07:26 AM | Likes Like |Link to Comment
  • As Cypress Semi (CY) digests Ramtron, developer of a memory technology (FRAM) long promised to be huge some day, its core SRAM business could face a threat from MRAM, another memory solution that for years has been long on hype and short on actual use. Toshiba (TOSBF.PK) says it has developed an MRAM prototype that consumes far less power than SRAM thanks to lower current leakage, making it ideal for mobile devices. Historically, MRAM has been more power-hungry than SRAM. [View news story]
    Here's to Ramtron and the engineers! (Raises glass.)
    I'm glad you guys finally found a home in another Semi company.
    Dec 14 09:44 PM | Likes Like |Link to Comment
  • As Google Maps Humiliates Apple, The Upside Is Millions Will Finally Upgrade To iOS 6 [View article]
    And Apple would have got 30 cents of it!
    Boom! Google gives Apple another billion.
    Dec 14 01:26 PM | 3 Likes Like |Link to Comment
  • As Google Maps Humiliates Apple, The Upside Is Millions Will Finally Upgrade To iOS 6 [View article]
    Maybe the comments are right.
    I tend to think this was Apple have a premonition of past fights with Microsoft.
    Apple used to have their own Office products under the
    Claris brand. Microsoft outwitted Apple by demanding that the tools be spun off and eventually abandoned. In return Microsoft
    would develop and release future versions of MS Office on the
    Afterward, surprise surprise! Microsoft released terrible versions
    of Office with bugs galore. After complaints MS, essentially said "Why are you on a Mac then? Come over the PC if you want a better Office productivity app." (Effectively, "FU Apple!")
    This was a bitter contention for Apple because it was handled so skillfully by MS that you really couldn't point out any one spot where MS didn't follow the letter of the agreement between MS and Apple.

    Fast forward 30 years, IOS Google Maps becoming stale. Google says "For a better Map experience come over to Android!".
    Steve J. probably saw this said, "Been there before. Nice try!"
    Apple created a Map App, people bitch like whiny children.

    But... Google comes back with a fully functioning Map Application!
    Now Google are the dummies who have to share ~30% of Map App data with Apple and can't pull this crap anymore. Oops!

    Google tried to pull an MS but Apple went for the aggressive strategy instead of capitulation and giving up.

    It's a good strategy of Apple. Hopefully they have a manual of lessons learned from double dealings and back stabs.

    I don't own MS, Google or Apple or any other high tech stock. Too much drama for my blood now.
    Dec 14 11:39 AM | 5 Likes Like |Link to Comment
  • Heard on Dollar General's (DG -6.5%) earnings call: 1) Plans to open 635 new stores in FY13, including 20 Dollar General Market Stores. Total square footage will increase 7%. 2) Plans to improve inventory controls in 2013. Chinese New Year will be a focus as will "defensive" merchandising. 3) While selling cigarettes should boost sales, the company concedes the category is dying. Even so, expect a rollout in 2013. 4) CEO Rick Dreiling on sentiment: "I think the customer is fatigued, they're tired, they're scared." (webcast[View news story]
    Yea, I agree TFCAB.
    What was that all about?
    Any other insight about record breaking numbers but CEO depressed about the business?
    Dec 11 03:12 PM | Likes Like |Link to Comment
  • Apple (AAPL) and Google (GOOG) have teamed up for the reported $500M-plus bid for bankrupt Kodak's (EKDKQ.PK) patents, Bloomberg reports. The two companies - part of rival consortia this summer in an auction for the patents - are likely working together with a goal of neutralizing infringement lawsuits. [View news story]
    From my research there are 6034 active patents owned by EK. Oddly in 2006 over half the patents that came up for renewal were allowed to expire.

    Shareholders should have held management responsible for that. You don't flush a 1000 patents down the toilet because your mad about the light bill or the toner costs!

    If I were Apple or Google I would keep the clown carnival of bids going so that the distracted EK management forgets to pay the renewal fees again due to all the pretty zeros in the bids. They're entitled to some zeros alright.
    Dec 8 03:30 PM | 3 Likes Like |Link to Comment
  • Following yesterday's hearing, Judge Koh appears set to reduce the $1.05B jury verdict levied against Samsung (SSNLF.PK) in its California trial against Apple (AAPL). "I think it's time for global peace," said Koh, who plans to issue several rulings related to the trial in the coming weeks. Samsung is demanding a new trial, claiming it didn't get a fair shake due to the fact jury foreman Velvin Hogan was once sued by Seagate, among other issues. [View news story]
    Ruh Roh!
    Looks like the USPTO wants to weigh in on some of the patents.
    Dec 7 04:24 PM | Likes Like |Link to Comment
  • Apparently Russia isn't as hot an investment idea as some think - Credit Suisse and Sberbank cancel plans for a $1B P-E fund in the country due to a lack of investor interest. Both lenders (Sberbank is Russia's largest) had planned to contribute $100M and raise the rest from others. RSX +6.7% YTD. [View news story]
    Maybe the past fun with Russian bonds is still fresh in
    everyone's mind?
    Dec 7 08:11 AM | Likes Like |Link to Comment
  • The patent cliff has been good for generic-drugs companies this year, with over 40 brand-name treatments with $35B of annual sales losing their IP protection. However, the sector faces its own patent cliff over the next couple of years, due to fewer drugs losing that protection. In response, the generic companies are specializing in treatments that are hard to make, selling their own branded medicines, or making big acquisitions. [View news story]
    I hereby deem that all discussions must incorporate the word "cliff".
    BTW, SA should watch out for the "comment cliff".
    Dec 4 10:15 AM | Likes Like |Link to Comment
  • Microsoft (MSFT) Windows and Windows Live President Steven Sinofsky is leaving the company, with Julie Larson-Green to be promoted to lead all Windows software and hardware engineering. Some had previously speculated a successful Windows 8 could one day propel Sinofsky to the firm's top job. (PR[View news story]
    One day the news will read:
    "Microsoft a small company that produces firmware for traffic light sensors reported earnings today. Revenue was up slightly while earnings came in light. Balmer, the CEO, admits sales were 'modest' but is hopeful for their new crosswalk software module coming out next year. Additionally, 6 employees of the 20 total were laid off."
    Nov 13 08:06 AM | Likes Like |Link to Comment
  • AutoNation (AN -1.2%) CEO Mike Jackson throws a bit of a scare across the automobile industry by telling CNBC (video) a fiscal cliff stalemate could strike the sector during the last ten days of the year when selling is typically high. After a good run in 2012, will the ongoing impact from Hurricane Sandy and muted consumer demand due to political tension spur a disappointing Q4 for automakers in the U.S.? [View news story]
    Wow, Way to go CEO Mike!
    If your stock is heading down, might as well hit the accelerator.
    Leave a real big hole instead of dent in the earth!
    I don't own any AutoNation but it has showed up in my search metrics before.

    Any insight into the CEO's intentions here?
    Nov 12 10:22 AM | Likes Like |Link to Comment
  • CEO-in-waiting Christopher Kubasik has resigned after violating company ethics due to a close personal relationship with a subordinate, Lockheed Martin (LMT) says. The board has tapped Marillyn Hewson to replace him as president and COO, and to become CEO on Jan. 1. LMT -0.7% AH. [View news story]
    I don't understand!
    It was a critical skill when they were advancing their career.
    Now they can't perform what their good at when they reach the top?
    Nov 10 07:22 AM | Likes Like |Link to Comment
  • More on J.C. Penney's (JCP) Q3: Comparable-stores sales plunged 26.1% as the company continues to shift to a shops concept. Internet sales plummeted 37.1% to $214M. Gross margin fell 520 bps to represent 32.5% of sales. The company's defense is that the performance of its new brands and shops "reinforces" its conviction to transform the company into a specialty department store. Shares -12.2% premarket. (PR[View news story]
    Ooookay Ron,
    How much worse is this going to get before it gets better?
    Nov 9 07:24 AM | 1 Like Like |Link to Comment
  • "It's not easy to make the iPhones. We are falling short of meeting the huge demand," says Foxconn (FXCOF.PK) chairman Terry Gou, suggesting iPhone 5 shortages aren't letting up. Another Foxconn exec made similar remarks last month. Analysts have reported Foxconn has enlisted a division that typically makes non-Apple (AAPL -2.8%) products to help address the shortfall. [View news story]
    Most retailers would never put up with a supplier making comments to the market.
    Nov 7 09:51 PM | Likes Like |Link to Comment
  • A new rumor circulated by MTV Geek pegs Disney (DIS) as showing serious interest in purchasing Hasbro (HAS). Besides nabbing the rights to Transformers, G.I. Joe, and other popular franchises - an acquisition of Hasbro would give Disney the toy and table top game licenses for Star Wars characters. [View news story]
    Irrational pessimism (Fiscal cliff! Debt! China! Jobs! Waah Obama!) has pushed multiples of good companies to attractive lows. Established companies hording cash have been waiting for their chance. Things will probably change soon for the better so they're buying while things are on sale.
    Nov 6 09:38 AM | 1 Like Like |Link to Comment