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  • New Yahoo (YHOO) CEO Marissa Mayer reveals she's pregnant, with a child due Oct. 7 - and expects maternity leave to be "a few weeks long and I'll work throughout it," while her new company moves its September board meeting from New York to Sunnyvale, Calif., to accommodate. (earlier: Mayer tapped)  [View news story]
    Congrats on the pregnancy Marissa!
    But your timing is off just a smidgen.
    Jul 17, 2012. 08:33 AM | 1 Like Like |Link to Comment
  • While some analysts are warning Apple (AAPL +0.7%) could report soft June quarter iPhone sales on July 24, Piper's Gene Munster believes a relatively healthy 28M-29M iPhones were sold in FQ3. Munster does expect Apple to guide for just 24M iPhone sales for FQ4, but thinks this is baked in. Cowen's Matthew Hoffman, who was right about FQ2 sales, is going out on a limb and predicting 5M next-gen iPhones will be sold in FQ4, allowing total sales to remain around 28M-29M.  [View news story]
    "Some analysts"? Really or shouldn't it be "Some fund managers" at investment banks with really thin investment / analyst division separation?
    Either way, push the stock down, load up, let the compressed spring snap, celebrate, repeat.
    Jul 16, 2012. 12:10 PM | 2 Likes Like |Link to Comment
  • Consumers will see extra charges when they use plastic as a byproduct of the massive settlement between retailers and credit card companies. Merchants have wider authority to add a surcharge for credit card transactions as part of the historic deal. Premarket: V +3.2%, MA +4.1%, AXP +0.4%[View news story]
    Many of the new phone wallet / payment systems coming out attempt to bypass Visa and Mastercard. The problem is that they couldn't "encourage" customers to head for these routes per the CC agreements.

    Let the "encouragement" begin for the creative destruction of V and MC.
    Jul 16, 2012. 12:06 PM | Likes Like |Link to Comment
  • A San Francisco jury piles on the woe for RIM (RIMM), ruling it must pay $147.2M in patent litigation to Mformation over a system that manages a wireless device over a cellular network. The total amount could rise, as it comprises an $8 royalty for every BlackBerry connected to RIM's enterprise server software, and doesn't cover future or foreign damages. RIM is looking to overturn the verdict.
     [View news story]
    Google, Apple and MS are next if they haven't paid a royalty.
    No whining when it hits your favorite team next!
    Jul 15, 2012. 01:30 PM | 2 Likes Like |Link to Comment
  • Forget the FOMC staff, Warren Buffett downgrades his view of the U.S. economy, telling CNBC there's been a clear slowdown in the last 6 weeks, though giving no detail as to what he's personally seeing. It's the most pessimistic The Oracle has sounded in some time. As for Europe, it's slipping "pretty fast."  [View news story]
    Wouldn't be the first time Warren was talking his book.
    Might have a derivative play somewhere about to expire and needs a kick in the right direction to get out profitably.
    Jul 12, 2012. 12:58 PM | 1 Like Like |Link to Comment
  • With 90 minutes to digest the jobs data, the S&P 500 is at session lows, -1%. In Europe, the Stoxx 50 -1.7%, led by Spain -2.9%. The euro continues a steep slide begun the minute yesterday the ECB disappointed markets with just a 25 basis point cut. Money flows into Treasurys, the 10-year yield off 4.4 bps to 1.55% (German 2-year yields are negative again).  [View news story]
    aaaaand we've had our "pit of despair" at 2:30pm. (Right on time for a 5 hour or red bull to keep up focused.)

    So it's time to finish up just shy of 0% because beer:30 is approaching.
    Jul 6, 2012. 03:18 PM | Likes Like |Link to Comment
  • Furby isn't a teddy bear, but it's coming out of deep hibernation when Hasbro (HAS) brings back to the market a new high-tech version of the one-time best seller. According to company engineers the new Furby will be able to communicate with iPads or another Furby. [View news story]
    Everything old is new again!
    (If it can be made to interact with the iPad.)
    Jul 6, 2012. 09:08 AM | Likes Like |Link to Comment
  • Also announced at Google I/O: 1) The launch of Project Glass. The first glasses will cost $1,500 and ship early next year. 2) Details about the Nexus Q: It can be controlled by Android (GOOG) devices, uses a Texas Instruments (TXN) OMAP processor, and doesn't yet support Netflix or Hulu. 3) Google+ (GOOG) now has 150M monthly users and 75M daily users. Not disclosed is how many of these "users" merely clicked a +1 button or have an Android app running in the background. (live blog)  [View news story]
    Probably a lot of Google management is trying to leverage the Chromebook project into a tablet. It makes sense for a tablet but not for a laptop. I don't know if the Chrome book thing was all that successful.
    Jun 27, 2012. 11:03 PM | Likes Like |Link to Comment
  • New accounting rules set to be approved Monday could sharply raise (on paper) the massive pension shortfalls faced by states and municipalities, though government officials insist the change is only cosmetic and won't force an alteration in their behavior or return assumptions. Prepare for "sticker shock" says a benefits consultant.  [View news story]
    Looks like the article brought out a crowd tonight!
    I wonder how many retired pensioners we have here on the site?
    Jun 23, 2012. 08:42 PM | Likes Like |Link to Comment
  • Early feedback on Windows Phone 8 is positive, as pundits praise both its features and code compatibility with Windows 8. But many are disappointed Windows Phone 7 devices can't be upgraded - this could hurt Nokia's (NOK) near-term Lumia sales, even if some features will be made available via Windows Phone 7.8. However, one rumor suggests Verizon Wireless will begin selling a Nokia WP8 device as soon as September 5. High-end devices are already expected for Q4.  [View news story]
    Yes, but Android apps reload just fine on newer phones without buying the apps again. Microsoft has not been clear about this.
    Jun 21, 2012. 06:37 PM | Likes Like |Link to Comment
  • P&G (PG) cuts FQ4 guidance, citing slower-than-expected growth in developed markets and forex fluctuations. P&G forecasts adjusted EPS of $0.75-$0.79, vs. prior guidance of $0.79-$0.85 and consensus of $0.82. Net sales to fall 1%-2% vs. +1%-2% prior. For FY 2013, P&G predicts a percentage increase in profits of flat to mid-single-digits. (PR)  [View news story]
    Emerging markets are probably tougher nut to crack than the domestic US markets.
    Jun 20, 2012. 12:48 PM | Likes Like |Link to Comment
  • Nokia's (NOK) 16% drop yesterday is turning the company into a potential takeover target for buyers willing to bet Nokia still has a future in smartphones. Nokia now trades at a 38% discount to its net assets, has the lowest price-sales multiple among communications-equipment makers and holds over 10,000 patents.  [View news story]
    Microsoft would love to buy Nokia's patents.
    Look for a white knight strategy to add funding from MSFT
    if their operational cash gets low. The strings attached will
    be the most valuable patents.
    Jun 15, 2012. 06:54 AM | Likes Like |Link to Comment
  • Nokia's restructuring: Low-end phone chief Mary McDowell, marketing chief Jerri DeVard, and "Markets" chief Niklas Savander (handles supply chain/sales) are leaving. In addition, a plant and two R&D facilities are being shuttered. During a CC, Nokia said it would focus its resources on major markets, and that it's working with Microsoft (MSFT) to develop cheaper Windows Phone devices - the latter is critical if Nokia wants to stem market share losses to low-end Android gear. NOK -12.9%.  [View news story]
    Good read about Nokia and Elop.
    World record in rate of shareholder destruction.

    Simply incredible.
    Jun 14, 2012. 11:18 AM | 1 Like Like |Link to Comment
  • Nokia's (NOK) bleeding, now -10.4% premarket after its all-out attempt this morning to return to profitability by slashing jobs and shuffling management. And selling its Vertu luxury handset business. And promising to consider the sale of other non-core assets. The job-cut count by Stephen Elop, who became CEO less than two years ago, now stands at just under 40,000.  [View news story]
    Wow! This is turning into the ideal short trade stock.
    Like a waterfall of cash.
    Jun 14, 2012. 07:09 AM | 2 Likes Like |Link to Comment
  • Greece may soon require a third bailout, Die Zeit reports, as the country's reform program is behind schedule. The Bundestag could discuss a new rescue this summer, although the bailout will only occur if the government that emerges after the election on Sunday - if one emerges - supports further reforms.  [View news story]
    This is where the hole was made for the bailout money.
    Jun 13, 2012. 09:13 AM | Likes Like |Link to Comment