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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...
- The Macro View -SampleSeeking Alpha - The Macro ViewMarket Outlook
- 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
- Investing Ideas -SampleSeeking Alpha - Investing IdeasCramer's Picks
- Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham
- Better Picks - Cramer's Lightning Round (10/14/08) by SA Editor Joan Wickham
- 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
- Market Behaves Sanely - Fast Money Recap (10/14/08) by SA Editor Joan Wickham
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
- Global Markets -SampleSeeking Alpha - Global MarketsChina
- 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
- ETF Daily -SampleSeeking Alpha - ETF DailySector ETFs
- 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
Transcripts- TrueBlue, Inc. Q3 2008 Earnings Call Transcript
- Polycom, Inc. Q3 2008 Earnings Call Transcript
ETF- Too Early To Buy Homebuilders ETF by Larry MacDonald
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Flash Seems to Be Coming to Apple's iPhone - But Is That a Good Thing?
Flash is not a webstandard and needs to be killed. It's a resource hog, exactly what we don't need with a mobile device.
Plus, how does one search a flash site? Given how much Adobe likes metadata, the fact that flash is difficult to search, is ironic. Just kill it for the internet's good.
Adobe's CS4 Should Give Apple Sales a Boost
And, about how it effects Apple. As the original respondent posted, it won't be popular with Mac users as CS4 is not yet 64-bit for the Mac. Mac users will have to wait for CS5. Why?
Apple has been telling developers for a long time to use Cocoa to write their apps. Adobe, has been dragging their feet, which they always do, and was depending upon Carbon, hoping that Apple would write a Carbon 64, allowing them to keep their Carbon code, and make CS4, 64-bit. Apple did not write Carbon 64, and deserve some blame, but they did constantly warn developers not to depend upon it, and that they should be writing their code in Cocoa. Since, Adobe has to rewrite their code in Cocoa, there will be no 64-bit CS4. Users have to wait until CS5.
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.
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.
Can Apple's Resistance to Flash Content Last?
And, if you put flash on a mobile device, that has barely no internet presence(Win mobile devices as measured by In-Stat), then how is anyone going to ever use it?
Lastly, Steve Jobs has stressed the usability of the iPhone. That's the secret sauce. That's why iPhone internet usage already exceeds that of all Win Mobile devices combined after 10 years of being on the market. Putting Flash on an iPhone will make the iPhone unbearably slow, besides being a battery hog. How does that help usability? It doesn't. The reasons why Flash is not on the iPhone is so obvious, it amazes me that the media just parrot the PR-speak of MS.
The bigger story is why is MS adding Flash, when they are developing Silverlight, a Flash-competitor? Is it really choice, or is it desperation?
It's sort of like the PR-spin MS put out about Xbox 360 game consoles coming in 3rd in sales both in January and February. They said it was supply-constrained. Did any analyst check to see if that were actually true? I mean, go to the stores. Do you see "sold out" signs where Xbox inventory should be sitting? I don't. I see lots of Xbox consoles waiting to be sold. There's no supply constraint. It's MS PR-spin, because they stuffed the Channel in Xmas and retailers have to move them off the shelves before MS can ship more. That's why the numbers are down, but are any analysts doing any store checks? Beuller? Beuller?