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  • While institutions will dominate Facebook's (FB) IPO, the company is considering increasing the allocation of shares to retail investors to 20%-25% of the offering, the NYT reports, as it sees itself as the "the people's company." Some of the shares are likely to go to brokerages such as TD Ameritrade or E*Trade, which market to small investors.  [View news story]
    Yes, because the people deserve to lose their ass as well.
    May 4, 2012. 07:48 AM | 2 Likes Like |Link to Comment
  • Natural gas is flying higher, +4.7%, perhaps encouraged by the fact that producers are cutting back on drilling. "The Jeff Gundlach trade is having an insanely good day today," writes Joe Weisenthal. The bond man said last week he would like to go long natty/short Apple with 100X leverage. Apple -3.1%.  [View news story]
    As if drilling for oil, which continues with a rapid pace, won't also yield quite a bit of gas? I don't think human beings are making these decisions.
    Apr 30, 2012. 03:58 PM | Likes Like |Link to Comment
  • Suddenly everyone wants to offer a cloud storage service. The latest example is LG, which plans to launch a beta version of its LG Cloud service (syncs content between PCs, Android phones, and LG TVs) tomorrow. Data center owners and providers of cloud infrastructure services, such as EQIX, RAX, DFT, and AMZN, might be the main beneficiaries of this gold rush. Market leader Dropbox relies on Amazon's S3 storage platform.  [View news story]
    Considering I'm making this comment via my home PC using RDP, I would say your claim is not entirely true.

    Also note, you have a verb tense disagreement. Yes, it's pedantic, but everyone is in such a rush to share their deep insights, they can no longer be bothered with proofreading (such a shame).
    Apr 30, 2012. 11:54 AM | Likes Like |Link to Comment
  • Apple (AAPL -2.2%) responds to a weekend NYT column noting its low overall tax rate. The company touts its U.S. job-creation efforts and charitable donations, and says it has paid $5B in federal and state taxes over the first half of FY12. Jay Yarow isn't impressed, pointing out Apple includes UPS positions among the jobs it has created, and that its payment figures are inflated by taxes withheld from employees.  [View news story]
    >Am I the only person who sees building a bunch of factories and placing Americans in them as a regressive movement, rather than a progressive one?

    No. But, building factories and placing American robots in them would seem progressive.
    Apr 30, 2012. 11:49 AM | 4 Likes Like |Link to Comment
  • Zillow (Z -0.5%) launches its first app dedicated to rentals - the Zillow Rentals for Android App. Mobile has become key to company's growth, with CEO Rascoff saying more homes are viewed on Zillow on a mobile device (57/second) than on the web.  [View news story]
    I don't see anywhere it is implied that people won't compare rental prices in their market on Craigslist. Or, they won't enlist a realtor when making a final purchase decision. It seems you are arguing against a straw man here.
    Apr 30, 2012. 11:47 AM | 1 Like Like |Link to Comment
  • The IRS in 2011 audited 29.93% of taxpayers who reported more than $10M of income, up from an audit rate of 18.38% in 2010 and 10.6% in 2009. For taxpayers with incomes of $5M-$10M, the audit rate rose to 20.75% from 11.55%. Overall, the agency's rate of audits for individual taxpayers stayed constant at 1.11%.  [View news story]
    OT, but can you explain why you type "an" when you mean "and?" Also, why you use so many exclamation points as to seem like a teenage girl?
    Mar 23, 2012. 10:43 AM | Likes Like |Link to Comment
  • Is this as good as it gets? Two economists contend that because of U.S. demographics and the makeup of the workforce, growth was already slowing and on a weaker course before the 2007 credit event came along - and now the current recovery is already in full bloom. "In other words, the good times are over, and they are not coming back."  [View news story]
    >when the new administration takes over

    You people are truly delusional.
    Mar 23, 2012. 10:03 AM | 1 Like Like |Link to Comment
  • Titled "Death of a Theory," a research paper from St. Louis Fed chief Bullard says decades of conventional wisdom are wrong, and that fiscal authorities should leave it to the Fed to stabilize the economy when tough times hit. "The monetary authority ... can operate effectively even at the zero lower bound," i.e. QE, if 0% rates don't do the trick. (pdf)  [View news story]
    Please let Mr. Bullard know that his paper has given several people on SA a heart attack, and that we will soon be sending the goons to see if he floats.
    Jan 13, 2012. 04:35 PM | Likes Like |Link to Comment
  • Pres. Obama will propose merging the Commerce Department and five smaller agencies that focus on trade and commerce into one new department, according to government officials, in an effort to make it easier for businesses that often get lost in a maze of bureaucracy.  [View news story]
    Maher: I'm no Obama supporter, but I'll take the other side of that bet. US $1k if he loses?
    Jan 13, 2012. 09:06 AM | Likes Like |Link to Comment
  • Pres. Obama will propose merging the Commerce Department and five smaller agencies that focus on trade and commerce into one new department, according to government officials, in an effort to make it easier for businesses that often get lost in a maze of bureaucracy.  [View news story]
    It's a start in that direction, however.
    Jan 13, 2012. 09:04 AM | Likes Like |Link to Comment
  • Marvell (MRVL +1.6%) is upped to Buy from Hold with a raised $22 price target at Craig Hallum, which believes the troubles in the hard-drive industry caused by Thailand flooding will cause a smaller impact than the Street has expected. Also, MRVL “is gaining traction in WCMDA smartphones, which lessens the impact of potential continued headwinds from RIMM."  [View news story]
    I believe it's WCDMA, so you can throw a [sic] in there if that is a cut/paste.
    Dec 7, 2011. 10:08 AM | Likes Like |Link to Comment
  • Motorola Mobility (MMI), whose shareholders just signed off on the company's merger with Google (GOOG), is "fairly likely" to obtain a patent injunction against Apple's (AAPL) iCloud service by February, according to patent expert Florian Mueller. Mueller claims Apple "experienced a dreadful hearing" today, in which a German court rejected all of its defenses. (previously)  [View news story]
    Mueller is simply an expert bull shit artist. Some use the less-than-friendly term "shill" which I wouldn't argue with.
    Nov 18, 2011. 01:05 PM | Likes Like |Link to Comment
  • Francesco Guerrera assails the EU for wanting to ban "naked" CDS, saying the attempt to damage the market for these swaps could backfire. "Taking away insurance will only drive away investors, increasing borrowing costs for indebted nations and putting pressure on already-strained banks," Guerrera writes in the WSJ.  [View news story]
    Could you point out which piece of legislation specifically rendered naked CDSs exempt from regulation? Gram-Leech-Bliley (sp?)?
    Nov 15, 2011. 09:51 AM | Likes Like |Link to Comment
  • Jeff Matthews wants to know why not a single analyst asked Apple (AAPL) about these "disturbing" numbers: "A 1% Y/Y revenue increase at Apple's retail stores, the 26% Y/Y profit decline ... (just) the 4% Y/Y growth in visitors." We all know about the new iPhone story, he says, but the stores "had been losing their mojo" before that.  [View news story]
    It's a certain type of customer that needs to go into a physical store, and an even more narrow niche that needs to go into an Apple store. The carriers, other retailers, and the web provide enough distribution.

    Not that I would invest in AAPL. ~$80B on-hand and no dividend?
    Oct 20, 2011. 07:28 AM | Likes Like |Link to Comment
  • David Einhorn's slide presentation (pdf) regarding his short of Green Mountain Coffee (GMCR). He comes about as close to alleging accounting fraud as his lawyers will let him: "The research shows that GMCR (and its distributor) are potentially engaged in a variety of shenanigans that appear to mislead auditors and to inflate financial results."  [View news story]
    You know you might be dyslexic when...
    Oct 19, 2011. 09:38 AM | 4 Likes Like |Link to Comment