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0ZJ

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  • Research firm Media Create reports that sales of Sony's (SNE) PlayStation Vita plummeted after an initial two-day surge, with the firm only moving ~72K units the week before Christmas - marking a 75% W/W decline. Ongoing chatter about technical problems with the device may have contributed to the disappointing sales figures. Shares of SNE +1.2% premarket. [View news story]
    SNE is great at initially creating and innovating then getting pushed out of them by releasing late, expensive, overly-proprietary products.

    The iconic Walkman was eaten alive by the iPod thanks SNE mishandling of MiniDisc and slowness/unwillingness to adapt to digital music. The PSP was cool and successful, now iOS/Android is the only mobile gaming platform that really matters and this Vita is doomed.
    Dec 29, 2011. 09:21 AM | Likes Like |Link to Comment
  • Cavium (CAVM) becomes the latest chipmaker to issue a Q4 warning: the company now expects revenue of $56M-$57M for the quarter, below a $61.6M consensus. Cavium blames weak demand from a variety of market segments, as well as a "hub transition" at a major customer (most likely Cisco). Shares are halted, and will resume trading at 4:30.  [View news story]
    What qualifies an event like this to cause a cease in trading?
    Dec 27, 2011. 04:51 PM | Likes Like |Link to Comment
  • It's high drama for Zagg (ZAGG -3.4%) after its CEO takes the offensive against claims from Jim Cramer that the firm's products are "ridiculously easy" to duplicate. He says Zagg's invisibleSHIELD product continues to decrease as an overall percentage of sales as it develops new products, and notes that Verizon and AT&T are picking up new lines. [View news story]
    Doesn't matter, screen skins have been outmoded by Gorilla Glass and the like. We're past the plastic, scratched-by-pocket-lint screens of yesteryear.
    Dec 20, 2011. 02:51 PM | Likes Like |Link to Comment
  • New owners of Kindles (AMZN) and Nooks (BKS) may be in for a surprise: Prices of some popular e-books have soared, in some cases above their printed equivalents. The digital price hikes result from a decision by the six biggest publishers to set their own consumer e-book prices; no such agreement exists for printed books, where retailers are free to set their own prices.  [View news story]
    Yep.

    There has been a long standing boycott of some e-book publishers due to this.

    Penguin and Random House are probably the most notorious.

    For example:

    Dune - http://goo.gl/2msAR ($15 Kindle, $10 Paperback)

    Books tagged with "agency 5 price fixing":

    http://goo.gl/x2OUJ

    Books tagged with "overpriced kindle version":

    http://goo.gl/Wz8wA

    I'd guess they're afraid of cannabalizing their existing, more comfortable print market.

    Interestingly, trading related books are particularly guilty of this as they frequently go for 90% of print price as opposed to the more typical 40-60%.
    Dec 15, 2011. 11:39 AM | Likes Like |Link to Comment
  • After repeated delays and a Google Wallet controversy, Verizon Wireless (VZ, VOD) is finally taking orders for Samsung's (SSNLF.PK) Galaxy Nexus, originally meant to be the flagship Android phone for the holiday season. Texas Instruments (TXN) has to be pleased the Nexus is finally available, and so must Google (GOOG), given widespread reports of strong U.S. iPhone sales. (previously)  [View news story]
    I feel like they kinda dropped the ball on this one. There was a fair bit of hype around the Nexus a month or two ago. Not so much anymore, good reviews though.

    I think they could have gained quite a bit by getting the thing out the door closer to the "disappointing" iPhone 5 non-event.

    Also, the already crowded Android phone world is getting kinda ridiculous lately. Verizon can't decide which phone they want to push. They advertise the RAZR, Bionic and Charge as if each is the best thing ever, simultaneously.
    Dec 15, 2011. 10:32 AM | Likes Like |Link to Comment
  • Amazon Is Toast [View article]
    "To make the Kindle Fire work, Amazon has to capture a significant amount of market share from Apple Corp. (AAPL)."

    That simply isn't true. Kindle Fire competes with the iPad about as much as $20K pickup trucks compete with $60K sports sedans.
    Dec 14, 2011. 11:29 PM | 2 Likes Like |Link to Comment
  • Amazon (AMZN) shares slumped nearly 5% today after the weak retail sales report, but Mercenary Trader says prolonged weakness in the stock can be traced back to the decision to pursue revenue growth at the expense of profit, with each Kindle Fire being sold at a substantial loss. The many choices for consumers - at least 55 tablets - make AMZN's strategy a risky one. and investors know it.  [View news story]
    Not sure there's any truth to the notion that the Fire is selling at a loss. The various device teardowns don't add up. For example, teardowns of the Playbook and Fire over 6 month apart put the costs as nearly identical in spite the Playbook having a host of additional hardware and the teardown happening 6 months earlier - eons on high-tech time.

    More importantly, the Fire isn't about selling tablets it's about putting an additional 1-click Amazon sales portal into the hands of a few million people.
    Dec 14, 2011. 07:13 PM | Likes Like |Link to Comment
  • Don't get your rally hats on yet, Mark Hulbert says: Markets still have to work off the extra optimism they built up in October's rally. Only then will the wall of worry be strong enough to climb up; in fact, he figures we may be closer to excessive optimism than excessive pessimism.  [View news story]
    JohnLocke:

    Quite correct. I'm surprised at how little attention is paid to each of those issues. I expect that at some point in the not too distant future people will wonder how they ever could have ignored these things in the first place.
    Dec 10, 2011. 06:13 PM | 6 Likes Like |Link to Comment
  • The floodgates could open on Pandora (P) shares next week following the lock-up expiration for a vast majority of the company’s outstanding shares. According to the online radio station company’s IPO prospectus, ~85% of its 161.9M shares outstanding were subject to a 180-day lock-up agreement which expires Sunday.  [View news story]
    That explains the 500% increase in volume today.
    Dec 9, 2011. 04:46 PM | Likes Like |Link to Comment
  • Ford (F +2.9%) recalls 128K Fusion and Mercury Milan sedans to fix the risk that defective wheels could fall off. A letter (.pdf) to the NHTSA from Ford outlines that only 2010 and 2011 are potentially affected. [View news story]
    Ouch!

    This one is pretty bad. I was thinking that maybe it was something simple like incorrectly torqued lugs, but no, it's a whole host of machining defects.

    That speaks to a massive failure in quality control.

    I was almost going to consider a Ford truck as the family is growing. Not anymore.
    Dec 9, 2011. 12:53 PM | 1 Like Like |Link to Comment
  • The catalysts behind the decline (22% in a month) in Fusion-io (FIO) shares - expiration of insider lockups and misguided analyst commentary - will soon fade, writes Tech Insidr. Saying FIO is going to lose Facebook business to competitors (OCZ) is like "suggesting KIA is going to steal market share from BMW ... they make completely different products for completely different customers."  [View news story]
    Exactly. I've point out the same thing recently.

    That said, I really dislike that analogy. My BMW is working hard to get the boot and I've been considering a Kia Optima.

    I'm not fan of Munich's penchant for plastic radiators.
    Dec 9, 2011. 10:57 AM | Likes Like |Link to Comment
  • 4 Stocks That Will Pop Or Drop In 2012 [View article]
    SIRI: Satellite radio just doesn't make sense anymore. Anyone with a 3G or better phone can stream all the tunes and talk they want for free or next to nothing, without any of the satellite headaches.
    Dec 7, 2011. 06:11 PM | Likes Like |Link to Comment
  • Realtors nationwide report cancellations of existing home sale contracts have hit 20%, far above the historical norm of 4%-6%, a rate Diana Olick considers "shocking and does not suggest a rebound on the horizon." It's not just the inability of some to get a mortgage; bigger issues are failed inspections, appraisals, buyers with cold feet and adverse economic conditions.  [View news story]
    I guess I forgot where I was for a moment...

    Anything remotely related to government, even by geography is toxic on SA as long as a there's a black democrat in office.

    Enjoy your blinders and base sentiment.
    Dec 5, 2011. 07:26 PM | Likes Like |Link to Comment
  • Realtors nationwide report cancellations of existing home sale contracts have hit 20%, far above the historical norm of 4%-6%, a rate Diana Olick considers "shocking and does not suggest a rebound on the horizon." It's not just the inability of some to get a mortgage; bigger issues are failed inspections, appraisals, buyers with cold feet and adverse economic conditions.  [View news story]
    wyostocks:

    Not exactly.

    It's obvious there are a lot of government workers in the DC area, but they only account for a about 2.5% of the population and salaries are all relative. There are a quite a few large firms and universities based here.
    Dec 5, 2011. 06:18 PM | Likes Like |Link to Comment
  • Realtors nationwide report cancellations of existing home sale contracts have hit 20%, far above the historical norm of 4%-6%, a rate Diana Olick considers "shocking and does not suggest a rebound on the horizon." It's not just the inability of some to get a mortgage; bigger issues are failed inspections, appraisals, buyers with cold feet and adverse economic conditions.  [View news story]
    The housing market isn't faring too bad where I live (DC). New developments are still going up and selling out in the suburbs.

    Prices here have been range-bound since '09 and inventory has been gradually decreasing.

    I don't doubt that the market for existing homes is quite different than new construction though. I've spent a fair amount of time looking at properties over the last few years and it feels like 90% of existing homes are disasters regardless of where they're located.

    Seems lots of folks not only feel entitled to walk on their oversized mortgages as soon as they go underwater but to gut and/or trash the house in the process.
    Dec 5, 2011. 05:41 PM | Likes Like |Link to Comment
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