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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.
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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."
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Latest Comments392 Comments
WMG Sees Premium Pricing On Apple's iTunes
A CD is $13 or $14. You mean to tell me that it costs less than $3-$4 to produce, ship, etc...?
I think established artists should, if possible, go direct to iTunes and leave these WMG types to think about their contribution to the industry.
AAPL Smartphone Shows the Way to Competitors
And software development? Companies are making more off iPhone apps, at $5 a pop, than they were making selling boxed software for YEARS because so many more people are buying, and there is no marketing or distribution costs whatsoever. And Apple is profiting very handsomely, which, among many other things, is off the wall street radar even now.
iPhone vs. Netbook: Which Will Be the Biggest Gaming Machine?
For example, "Microsoft Surface".
On Dec 01 11:34 AM penguin wrote:
> With the iPhone Apple took mostly pre-existing technology and polished
> it, then put it in a sleek Apple shell and marketed it. Steve Jobs
> is a marketing genius. A number of other companies had the capability
> to do what Apple did, but they didn't have the foresight or the connection
> with "hip" consumer that Apple does. Apple doesn't push the bleeding
> edge of technology more than they see what they can put together,
> and how they can best put things together and market it such that
> people will think its the next best thing since sliced bread. Case
> in point: the iPod, it was not the first mp3 player, it was merely
> the first massively popular mp3 player.
iPhone vs. Netbook: Which Will Be the Biggest Gaming Machine?
Netbooks are just for nerds. Sure, lots will try to play games on them, but they will go back to their windoze XP and X-box, it's not going to be a factor in sales of 'net books'. People are buying those little PCs, but they look like make-up cases, and are no easier to carry, really, than a laptop.
iPod touch is the most incredible device, and the games are just a part of it.
Will the iPhone Be Taken by Storm?
And don't worry, no one will ask you if it's an iPhone, it's way too ugly to be an iPhone.
A Sign of the Times: Macs on Sale
And yes, there is always a sale on Apple stuff at this time of year, and always a deal offered at back-to-school, as well as father's day, and year 'round college discounts, church school discounts, etc...
Apple seems to be one of the least impacted by the economic downturn because it's customers are usually either professionals or kids, etc... The products for kids are not going to be denied nearly to the extent of 'luxury' items such as jewelry.
Stocks like Wal-Mart go up in these difficult times. But what person at this point has not taken the joy of downloading an album, at a discount, directly onto their iPods, which can also be burnt to disk, beamed to your stereo/TV, etc... all for LESS THAN IT COSTS AT WALMART.
You people who think Apple is going down in this downturn are just stupid.
Apple Falls Flat as Market Rebounds - Is There Really Investor Confidence?
And I am seeing more kids with iPhone. Just wait until it is more common to make FREE phone calls with the touch from wifi hotspots. This is working and there is no need to jailbreak the iPod. Sales for iPod are looking quite good for years, and iPhone and Macs. I believe the big money is going to want in as soon as a trend begins upward which is going to happen at some point, probably after the inauguration.
Each Time I See Google's Android Pitch I Like It Less and Less
There are some problems with this though. First of all, the Google phone is not a product any normal person would want. That is a big problem. Secondly, it is APPLE that has the reputation as being a great computer manufacturer, not Google. Google is respected, but this is not going to carry into the device arena. People are not so stupid as to be able to look at the two devices and see which one is clearly better--the iPhone.
Microsoft took much of the GUI computer market (which quickly became the entire market) because they had firstly the IBM name to stand behind, and from that point on, they had more development.
Finally, Apple is light years ahead of the Google-phone in terms of the availability of software.
Apple Falls Flat as Market Rebounds - Is There Really Investor Confidence?
Now you don't seem to bother with that, you just insist that it must go lower. Why?
The U.S. has a lot of companies in trouble, including a lot of tech companies such as Microsoft, RIM, and Yahoo. Apple on the other hand is a solid company, that has had success after success, even in this current market. Why not talk down a company that has real problems with it's business? Such as a company that has a new operating system that no one wants (vista), a mobile phone OS that no one wants (windows mobile?) rather than a company such as Apple's who's products are in great demand. (iPhone, OS X Leopard)
Can you not make as much money shorting other companies that are more easily understood (because they really don't have much technology).
Apple's Greatest Idea Yet
But I think the iPhone will put them into another category within the next six months.
iPod touch is brilliant in that it's contributing a great deal to the app store success. Still a few apps require iPhone, such as the amazing new google mobile app for iPhone. And internet everywhere is very cool, as is not paying for that with iPod. You can have the app store either way, and I don't see nintendo, msft, sony, competing with Apple.
People simply won't pay $60 for a game when they can get it for $5-$10 on the app store.
Voice Search: A New Age Has Dawned
That is a good one! Ha ha, iPhone 'catching up' with Winmob device... (Does anyone still use Winmob device? Not according to the stats I've seen.) You should explore a career in comedy!
Dell's Got a Demand Problem
Tech May Be a Wreck, But This Isn't 2001
There is a pattern with Apple products. Everyone on the 'street' dismisses them universally, until they become phenomena. Then the 'street' questions if they can ever come up with another mac/ipod/iphone, etc... Then the next game changer comes out and the cycle repeats itself. Eventually attitudes change, but that change is glacial.
iPhone has totally redefined the 'smart' phone as we know it. Same as the Mac did to the old fashioned DOS based computer, same as the iPod did to mere 'MP3 players'.
Dell: Absurdly Cheap
I'd rather buy a company that offers something no other company can match, and one that is in good shape financially. Also, one with more markets than just computers. Especially in these times.
Alternative Energy Storage: Cheap Will Beat Cool