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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
- Oil demand withers. The International Energy Agency warned Friday worldwide oil demand...
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- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- Long Term, Financials Look Good by Michael Filloon
- Round 3 of the Recession: Main Street by Paul Fekula
Oil Price- Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning
- Oil Down 48% from Highs by Bespoke Investment Group
- Oil & Gas Headed Lower as Economy Strikes Consumers by Michael Filloon
Economy- Long Term, Financials Look Good by Michael Filloon
- Round 3 of the Recession: Main Street by Paul Fekula
- Reality Bites As Stocks Continue To Collapse by The Mole
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- Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham
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- Perhaps Industrials... Cramer's Stop Trading! (10/14/08) by SA Editor Joan Wickham
Long Ideas- Utilities Beginning to Generate Interest for Longs by Joe Kunkle
- The Long Case for Encore Capital by Value Investor Insight
- 2009: The Year of the Channel for SaaS Vendors? by Jeff Kaplan
- Two Global Infrastructure Investment Opportunities in ETFs by Investment U
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Short Ideas- Why Short Sellers Are the Heroes of Wall Street by Investment U
- Salesforce.com: Pricey and Coming Down Fast by Charlie Bottle
- Google: 3Q Results Reveal Chinks in the Armor by Mark Krieger
- Jim Cramer's Picks -SampleBetter Choices - Cramer's Lightning Round (10/15/08)by SA Editor Rachael GranbyStocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend. - Stocks & Sectors -SampleSeeking Alpha - Stocks & SectorsInternet
- eBay: Q3 Looks Good but Q4 Guidance Disappoints by Greg Feirman
- Is Google Feeling Lucky? by Sam Gustin
- Why Today Could Suck for Tech by Kevin Maney
Media- A Triple Financial Whammy Afflicts Newspapers by Ken Doctor
- Three Years On, Buying MySpace Looks Like One of Murdoch's Smartest Bets by Erick Schonfeld
- How Will Arbitron Fare in This Market? by Sreeni Meka
Telecom- Ten Ways to Invest in Louisiana by Stockerblog
- Earnings Preview: Electro-Optical Engineering by theflyonthewall.com
- Shared Docks Via WiFi All the Rage by Dean Bubley
Financial- Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson
- Reality Bites As Stocks Continue To Collapse by The Mole
- LIBOR Shows Worst Is Yet to Come for Credit Markets by Keith Fitz-Gerald
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- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- USANA Health Sciences Inc. Q3 2008 Earnings Call Transcript
- Perfect World Announces Share Repurchase Program by Trader Mark
- China: Hot Money Inflows Down, Nervousness Up by Michael Pettis
India- Indian Economy Has Much to Cheer About by Equitymaster
- India: RBI Cuts Cash Reserve Ratio by Equitymaster
- India: Markets Continue Downward by Equitymaster
Japan- Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media
Asia- Four International Dividend Stocks to Watch by David Hunkar
Eastern Europe- Reality Bites As Stocks Continue To Collapse by The Mole
- Alternative Energy Investing -SampleSeeking Alpha - Alternative EnergyAlternative Energy
- Seven Stocks for an Impending Apocalypse by H.J. Huneycutt
- Solar Shares Under Pressure From Credit Crunch and Pricing by Eric Savitz
- Trina Solar Looks Good, Though Market Yawns by Trader Mark
- The Electric Car Market: Wise Energy Use Stocks by Tom Konrad
- Investing in the Power of the Sea
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- Too Early To Buy Homebuilders ETF by Larry MacDonald
- Utilities Beginning to Generate Interest for Longs by Joe Kunkle
- Two Global Infrastructure Investment Opportunities in ETFs by Investment U
New ETFs- First Trust Launches Infrastructure ETF with Global Reach by Index Universe
- Overview and Analysis of the Global Generic Drug Industry by Mike Havrilla
Emerging Market ETFs- Brazil Is the Best of BRIC by Carl T. Delfeld
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- The Daily Dispatch -SampleSeeking Alpha - Daily DispatchWall Street Breakfast
- Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby
US Market- An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy
- Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby
Housing & Real Estate- Too Early To Buy Homebuilders ETF by Larry MacDonald
- Another 'Root Cause' That Isn't: Tumbling Home Prices by Tim Iacono
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ETF- Too Early To Buy Homebuilders ETF by Larry MacDonald
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The Google Phone: Blockbuster or Bust?
You wrote, "Google is positioning itself against Apple, which has bet on the iPhone's "locked" handset model -- available only through AT&T (T). In contrast, Google has championed an "open" model, not only by basing Android on open-source technology, but also in its successful effort to open up the 700Mhz wireless spectrum auctioned off by the F.C.C."
This is so wrong. Google is aligning with Apple in a loose WebKit alliance supporting webstandards, against MS and proprietary ones. You do realize that Android and Chrome are built on WebKit. Adobe Air is also built on WebKit. Nokia's S60 is also built on WebKit. Safari is also built on WebKit. Guess who makes WebKit?
Yep, you guessed it, Apple. Apple makes the rendering engine, powering all of those browsers and browser-based Apps. Apple released WebKit back to the open-source community.
Worst Analyst on Apple Lowers Price Target
As I posted at MDN, the only positive I can remember from MS's analyst is that she predicted the specs of the iPhone a few days before it's initial release, spot-on. Clearly, she's got an inside source on products, if for only that one time.
Does a Mobile Internet Devices Market Exist?
I think Apple designed a MID, with its iPhone, but squeezed it into the cellphone category, exactly for the reason Dean cited. The MID market just isn't that big yet. The cellphone market is huge. Which one is a niche, and which one isn't?
As for my ideal device that isn't a desktop, laptop, or cellphone? I'd like something like the OLPC, 2nd gen mockup, where the touchscreen is on both sides of the fold, but smaller of course. In fact, I'd take the iPhone size and shape, and clamshell it, so that it unfolded giving you double the touchscreen, for when you wanted to surf the net, work on spreadsheets. Of course, when you flipped it closed, it would appear just like the iPhone does now. Interestingly, Apple has patented something like this, so I'm hopeful in a couple years we'll see something like this. Something small enough to be a phone, but also unfolds to be something that can replace a Nokia N810 or Kindle, or Netbook.
Apple as a Target
Hmmmm....did they perhaps think of removing DRM? That would "create a standard that would let any company offer DRM-free downloads that would then be playable on any device made by any other company. By creating a DECE-DRM standard, they can exclude both customers and outsiders like Apple. How is this customer-friendly? Cause if it ain't customer-friendly, it isn't going to gain any traction.
Microsoft Seinfeld Commercial #2 - Still About Nothing
Don't Close the Line on Nokia Just Yet
Like write a piece on emerging smartphone trends, and then in 6 months when your points come true, then you can pat yourself on the back, and link to what you had written previously. Then you look smart.
Then you said, "The problem is that companies like Apple and RIM are selling their phones at break-even prices for the shear purpose of snatching market share from Nokia, which announced that it would not stoop to their level." Where is the evidence that Apple and RIM are selling their phones at "break-even prices"? Have you looked at their margins? Nokia didn't mention any companies by name, and the odd thing is that Nokia is the company that has been gaining market share by flooding developing markets with low prices. Besides, what I've heard is the Nokia comments were referring to Sony Ericcson, not Apple or RIM.
Then you said, "This aggressive approach from its competitors cannot last long and is purely a marketing scheme that will end." Please explain. How do you know that this is a marketing scheme that will not last long, if you don't even know who Nokia are talking about? We KNOW that Apple can't be the one, since they are making great margins on their product, so they can continue ad nauseum. I don't think anyone following RIM thinks their company is selling product at "break-even" so tell us, who is?
Then you said ,"Nokia’s new Symbian operating system is on par with the iPhone and Android, and will be able to compete with the best of them." How do you know Symbian is on par with OS X and Android? You do realize that Symbian is NOT "new". And, if Symbian were so great, why then, did they use Linux in their handheld device the N800 and N810? One would think that it would be an ideal platform for the power of Symbian if it were "on par" with OS X or Android.
Now, I can't say whether Nokia is a good buy or not, superficially it looks good to me, but your above reasoning for doing so, is sorely lacking in due diligence.
Can Two Rich Guys Humanize Microsoft?
Now, the MS ads, who is their target demographic? How do the ads, stimulate the target demographic to buy more MS products? What's the bottom line? Where's the ROI?
If in your brief paragraph on what you think is going on, is true, that Gates is an out of touch, clueless guy, older white guy. Isn't that kind of like our President, is that a good association?
And, if the target demographic then are those people who "love" Seinfeld, well, that show hasn't been on in a decade. Are they really the target demographic, cause that's my demographic, and I hate the ads.
Complete Web Browsing On Your Cell Phone? Not Yet
There's no doubt that ubiquity often drives standards adoption, much like language. What's slang today, is in Webster's tomorrow. I think the writing was on the wall for PDFs that it would become an adopted standard sooner or later. As for Flash, the jury is still out.
What I think you are missing is the movement, outside of MS, towards web standards. That's why I referenced a loose alliance of WebKit-based browsers and apps. There's alot of momentum on that side of the ball, and even MS has been forced to respond.
I think it's not a given that something like Flash will become a standard. In fact, you've got large players like Google moving away from Flash and re-encoding all their Youtube videos in standards-compliant H.264.
6 Things Apple's Not Doing Right
1. Not being brave when updating the Nano.
Where was it reported that FM radio was the most requested feature? The Nano does record, quite well, but if there's no radio, why would you need to record it? If you want radio, just get a Touch. There's AOL Radio, Pandora, Simplify, Stitcher and others I'm sure I can't remember.
2. Slighting their faithful.
What?!? Apple didn't move engineers from Snow Leopard to the 3G iPhone. Apple moved Leopard engineers to the EDGE iPhone. I don't know of any Apple faithful who didn't think that was a good idea.
3. Not marketing iPod Touch as a MID.
Dude, it's the same reason why Apple didn't market the iPhone as a MID. The cellphone market is huge, while the MID market is tiny, so market to the huge market instead. Likewise, the MP3 player market is huge compared to MIDs, so market to the MP3 player market, and as people get used to the idea of the Touch and iPhone, gradually let them in on the secret that they're actually using a MID.
4. Gravitating towards proprietary hardware.
This is STILL RUMOR. No one knows how the PA Semi engineers will incorporate SOC chips into an iPhone or a iMac. There's no reason to conclude that they won't be compatible with x86 instructions.
5. Once again, thwarting generics [which did them no good the first time around].
The generics almost killed Apple. Are you daft? You don't realize that the true cost of Apple OS software development is not incorporated in the retail price, because those are UPGRADE boxes. $129 is an UPGRADE price. Pshyster is using an UPGRADE piece of software on their generic boxes. If it were to pay full retail on OS X, it would be double. Have you looked at how Windows Vista is priced?
6. The Cult of Jobs - dependence on one single person.
Apple does NOT Depend upon just Steve. The media has created a cult around one figure.
Apple's 3G iPhone: Q4 Sales Estimates Are Encouraging
Apple Takes a Positive Step Forward
Why Doesn't Apple Give Away iPods?
Complete Web Browsing On Your Cell Phone? Not Yet
I'm not sure whether the author knows the difference between JAVA and javascript. The iPhone browser allows JavaScript, but doesn't run JAVA. I haven't heard too many people complain about not having JAVA other than Sun Microsystems.
Further, WebKit on your S60 browser, is from Apple. Apple developed the rendering engine WebKit and gave it back to the open-source community, that's how Nokia can use it, as does Adobe for Adobe AIR, as does Google for Android and Chrome. And, there are literally a dozen other browsers or browser-based apps built on the frameworks of WebKit. This is the real story, the story of the rise of WebKit. A loose WebKit alliance between all the non-MS companies.
It's just funny to read the comments comparing Safari to S60 to Chrome, when they are all built on the same rendering engine. Sure there'll be some small differences in performance as Safari 4.0 uses SquirrelFish as its JavaScript engine, while Chrome uses V8 as its.
If the author wants to keep tabs on how the real internet is progressing into the mobile world, all he need do is go to:
webkit.org
And, you can read all about WebKit and the SurfinSafari Blog, and how WebKit was the first to pass all 100 of the Acid3 tests back in March. Of course, the Acid3 test was the acid test of meeting web standards. WebKit scored 100%. I believe Gecko which powers Mozilla scored 100% as well.
My recollection is that desktop MS IE 6 or 7, scored about a 12 of 100 on the Acid3 test. I just tested my Mobile Safari and got a score of 72. So, my Mobile Safari meets more web standards as defined by Acid3 than Microsoft's Internet Explorer.
I think history will show that Safari qualifies as the Real Internet, regardless of what the British advertising board thinks. If you read their statement, it has more to do with public expectations than published standards. Of course, since Flash is not installed by default, I really wonder what they are talking about.
How The Street's Digesting Apple
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