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Daily Archives: August 28, 2008

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Apple (AAPL): The iPhone Is Broken, Again

Posted: August 28, 2008 at 4:11 pm

If there are any more bugs or flaws in the new Apple (AAPL) 3G iPhone, the company's investors are going to start to notice.According to MSNBC, "A security flaw in ...
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Dell (DELL): The PC (And Tech) World Fall Apart, A Share Buy-Back Fails

Posted: August 28, 2008 at 3:46 pm

Dell (DELL) was the last of the big tech companies to report this summer. If it did well it meant that the PC and chip businesses would be OK. Dell ...
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Sad_clown

The 52-Week Low Club 8/28/2008 (GENR)(NRGN)

Posted: August 28, 2008 at 3:26 pm

Williams-Sonoma (WSM) Profit drops. Down to $16.26 from 52-week high of $34.81.Nexmed (NEXM) Drug trial failure still pulling shares down. Dips to $.19 from 52-week high of $1.75.Genaera (GENR) Several ...
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Lehman (LEH) To Drop 6% Of Work Force, Not Enough

Posted: August 28, 2008 at 1:46 pm

Lehman (LEH) will lay off about 6% of its work force according to The New York Times. That is about 1,500 people, but it is not nearly enough.Earlier in the ...
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Fanniemae_2

Lehman’s (LEH) Very Late Call On Fannie Mae (FNM)

Posted: August 28, 2008 at 12:39 pm

After trading at $4.40 last Friday, Fannie Mae (FNM) moved up to $6.45 yesterday. The markets had come to realize that the mortgage company might be able to raise enough ...
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Dell’s Stars Lined Up Into Earnings (DELL, HPQ)

Posted: August 28, 2008 at 9:35 am

Dell Inc. (NASDAQ: DELL) reports earnings after the close today and we'll get to see if the solid numbers from rival Hewlett-Packard (NYSE: HPQ) are being seen at Dell during ...
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Another Meaningless Internet Number: MySpace (NWS) Overtakes Yahoo! (YHOO) In Ad Views

Posted: August 28, 2008 at 9:28 am

The online research business has become so crowded that the firms jockey for position by posting nearly meaningless numbers. ComScore took its turn at releasing inane figures saying that advertising ...
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Data

New Bank Write-Down From Auction-Rates (C)(WB)(MER)

Posted: August 28, 2008 at 7:38 am

The auction-rate fiasco is not over for banks. Having bought back about $55 billion of the paper, they are now faced with the reality that the bonds are only worth ...
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Toyota (TM) Crashes, Again

Posted: August 28, 2008 at 5:32 am

Toyota (TM) has already cut its sales targets for its fiscal 2008 year. Now it is taking down its forecast for 2009. According to The Wall Street Journal, "Japan's biggest ...
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Starbucks

When Will Starbucks CEO Howard Schultz Take $1 A Year?

Posted: August 28, 2008 at 5:20 am

When times were tough, Apple's (AAPL) Steve Jobs and Chrysler's Lee Iaccoca took salaries of $1. Starbucks (SBUX) has just announced that its management will forgo taking raises next year. ...
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Apple (AAPL) iTunes And The Sherman Antitrust Act

Posted: August 28, 2008 at 5:04 am

"Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be ...
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Uncle_sam

Memo To The SEC: There Is Nothing Wrong With GAAP

Posted: August 28, 2008 at 4:30 am

The SEC is proposing that US companies give up the GAAP standard which they have used for financial reporting for decades. American public corporations would move to the International Financial ...
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Fanniemae

How Did Imbeciles Come To Run Fannie Mae (FNM)?

Posted: August 28, 2008 at 4:00 am

One of the first things students get taught in business school is that it is a bad idea to replace senior management in the midst of a crisis, especially if ...
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Newspaper

Media Digests 8/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: August 28, 2008 at 2:46 am

According to Reuters, Toyota (TM) cut its 2009 sales forecast by almost 7%.Reuters reports that Fannie Mae (FNM) changed several of its top executives.Reuters writes that Starbucks (SBUX) management will ...
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Asia Markets 8/28/2008 (LFC)(PTR)

Posted: August 28, 2008 at 2:22 am

Markets in Asia were mixed. The Nikkei rose .1% to 12,678. Asahi Breweries rose 2.2% to 2010. UNY rose 4% to 1172.The Hang Seng fell 2.2% to 20,988. China Life ...
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