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zd2002

zd2002
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  • Has Samsung Dethroned Apple? [View article]
    Wall Street estimates are 10.22 EPS on $43B revenue. Year-ago quarter was $12.30 EPS on $39.2B revenue. Note how the street is estimating an EPS drop for Apple. This is a "normal" 13-week quarter, not the 14-vs-13 weeks last quarter that confused many analysts (yes, pros included!!!)

    Of course the big unknown is the EPS, as Apple may have accelerated their buy back plan with the current dismal share's price.
    Mar 10 02:08 PM | 1 Like Like |Link to Comment
  • Google Launches The Glass War: Winners And Losers Abound [View article]
    I would slightly modify the title a bit to "the wearable computing war". Google is coming out with its glasses, Apple may a watch, RIM may be a ring, Nokia may be a belt, and Microsoft a scarf.

    But I know one company who is "inspired" to do all of the above, whose name is S.....g
    Mar 4 10:55 PM | 2 Likes Like |Link to Comment
  • The Struggle Of Former Leaders: Is Apple One Of Them Now? [View article]
    Re: EPS was flat in FQ01 2013

    The 14- vs. 13-week joke is now so common it's not even funny when repeating. Go learn some basic comparison techniques.
    Mar 4 01:04 PM | 3 Likes Like |Link to Comment
  • Berkshire Hathaway (BRK.B) has dropped 50% on multiple occasions says Warren Buffett, responding on CNBC to a question about Apple (AAPL). "You can't run a business to make the stock price go up every day," he says, though allowing Apple may have too much cash. Update at 9:07: Expanded comments from Buffett on Apple this morning. [View news story]
    It's said that the late Steve Jobs is not good at manipulating the stock price. Then we have some other people who is not good at anything except that. Case in point: the Sears CEO.
    Mar 4 09:19 AM | Likes Like |Link to Comment
  • Apple: Buy The Steak - Hold For The Coming Sizzles! [View article]
    I'm assuming the Google Glass is comfortable enough to people who wear them. How about the people who need prescription glasses? Can the glass be made to their prescription or it will cover their prescription glasses?
    Mar 2 08:55 AM | Likes Like |Link to Comment
  • Assessing Apple's Future Dividends [View article]
    Agree with what you said except the flash issue. It really is a horrendous technology, even on a desktop. It doesn't work well outside Windows, terrible security holes, and power hungry. Adobe itself had conceded the game, it won't make another flash version for Android anymore. HTML 5 is definitely the way to go.
    Mar 2 05:07 AM | Likes Like |Link to Comment
  • Apple: Mr. Cook, Can We Please Have Some More Cash? [View article]
    An accelerated buy back makes more sense to me in times like this. First, it’s already authorized so Tim Cook can conduct open market operations any moment. Second, it’s a one-time cash draw down, unlike dividends which are quarterly. Third, if Apple is to do anything, its purpose is to boost the share price. In other words, the share will never be as cheap as it is today. Why don’t they buy in when it hits the bottom?
    Feb 27 02:58 PM | 5 Likes Like |Link to Comment
  • Apple Investors Continue To Face Significant Downside Exposure [View article]
    Wake up dude. Their cash alone is $145 per share. Add building, assets, inventory, etc and the book value per share easily exceed what you stated. Articles like this should never be allowed on SA
    Feb 26 06:58 AM | 5 Likes Like |Link to Comment
  • Samsung's (SSNLF.PK) Galaxy Note 8.0 might be the most serious rival the iPad Mini (AAPL) has seen thus far. The Note 8.0, which ships in Q2, sports a 1200x800 display, a 1.6GHz. quad-core Exynos CPU, split-screen app viewing support, and (like Note smartphones) an S Pen stylus and several apps built for it. No pricing details for now. IDC estimates Samsung's tablet share grew to 15.1% in Q4, though that's still well behind the 43.6% claimed by the iPad, which continues to offer far more tablet-specific apps than Android tablets. (next-gen Nexus 7[View news story]
    The short interest is at least 2 weeks old. All you can say was that the sentiment two weeks ago were this and that.
    Feb 25 05:16 AM | Likes Like |Link to Comment
  • Apple Still Has A Bright Future [View article]
    Ditto. My #1 concern with the case is management blowing it on stupid stuffs: over-valued acquisitions, careless expansion of product line, private jets, big bonuses, etc. Cash in my (i.e. shareholder’s hand) wins every time. If Apple is smart, they accelerate the $10B buy back, even to the point of spending all the case now. They know their business best, and before the next catalyst comes (whenever they choose to reveal it), finish the program, then announce another round of buyback. The double kick will give Apple share a big boost.

    But alas, this is company is ever so hostile towards its investors. I have yet to see a management team or a Board of Directors watching their stocks go down 35% and did nothing. They are taking good care of their customers, how about their investors? After all, the investors *own* the company, not management.
    Feb 21 05:54 AM | Likes Like |Link to Comment
  • The Real Obstacles To Increasing Apple's Share Price [View article]
    I would rather see Apple uses its cash for R&D than to buy a company like you said. Good ones are hard to come by, and opportunities like NeXT (argubly Apple's best acquisition ever) come once in a generation. How many companies Google bought to become the famous search engine circa 2002? None.

    The reason want more cash from Apple is for management not blow it away on stupid acquisitions like Facebook or LinkedIn.
    Feb 18 11:57 AM | 1 Like Like |Link to Comment
  • A worrying trend or a contrarian indicator? Leon Cooperman's Omega Advisors was far from the only big hedge fund to unload its Apple (AAPL) position in Q4. Joining Omega were Dan Loeb's Third Point, Thomas Steyer's Farallon Capital, Barry Rosenstein's Jana Partners, John Burbank's Passport Capital, and Eric Mindich's Elton Park Capital. On the other hand, David Einhorn's Greenlight Capital raised its stake to 1.3M shares from 1.1M and bought 275K call options ahead of its Prop. 2 suit (13F). Apple has historically been a hedge fund darling[View news story]
    At its close of $466 today, how much would you miss by waiting for confirmation of $500 resistance break before entering? With no catalyst until March, when the board *may* announce some new plan with the cash, it's likely to range bound till then. Occasionally you get guys like Eihorn how drum up the neat and the stock jumps 10, 20 pts, but nothing major yet. I'll stay sideline until $500.
    Feb 14 08:43 PM | Likes Like |Link to Comment
  • Is Intel's Haswell A Has-Been? [View article]
    I wouldn't rely too much on that benchmark you quoted. Firstly, it's running allegedly pre-release version of Haswell. Secord, the BIOS is less likely to be optimized for the new chip. And thirdly, their comparison is using a de-clocked Ivy Bridge, without specifying what model of Haswell they used.

    The CPU war on the desktop is over, and Intel has won. AMD retains a relatively small marketshare; and look into their pipeline, it likely remains that way. But the entire desktop market is itself in trouble, not much growth there.

    Intel is driving the insane push to lower power consumption. There is a version of Haswell that runs on 7W. Not the 35W performance king you quoted in the article, but the trend is clear: Intel continues to dominate the desktop segment, and pushes hard to the mobile space.

    I'm not sure why you said AMD's has GPU advantage over Intel. Truth is, Intel HD Graphics 4000 is likely enough for most people, anyone wanting more will buy a discrete GPU. Look at Apple: Intel HD 4000 powers all their computers without a dedicated GPU. AMD's APU are good, but they are suffering from the "not good enough" image that I see on faces of laptop buyers.

    And then there's the question of scale and manufacturing experience. Intel is a two nodes ahead of AMD, with each node costing nearly ten billion dollars. When Apple built their first MacBook Air, their preference was to go AMD, but AMD did not have the capacity to manufacture at the scale that Apple wants. That gave Intel 2 years get their acts together, and the handed in homework, Intel HD Graphics 4000, was indeed good enough.
    Feb 10 10:09 AM | 7 Likes Like |Link to Comment
  • Apple's Earnings Expectations Have No Basis In Reality [View article]
    So many DCF models lately. There was an article yesterday estimating Apple's present value at $485 / share, with -2% growth going forward and no consideration for cash or dividends whatsoever. It's surprising that you model 3% growth and come below the other estimate.

    One thing we can agree on is Apple shares are very much undervalued at this price. I think fair value is around $700 - $800.
    Feb 7 08:31 AM | 4 Likes Like |Link to Comment
  • How Much Is Apple Worth? [View article]
    Take that $485 (which I thin is way too conservative and contain many incorrect assumptions) and add the $140 in cash and future dividends. You can easily get to $600 per share.

    Those cashflows are conveniently forgotten! POS analysis.
    Feb 6 09:06 AM | 5 Likes Like |Link to Comment
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