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Thank you for such kind words. I used to post on Zeev's site.
It would be smart for Apple to come out with a statement today - just to clear things up. Nothing like the truth to make people feel better.
From Bloomberg:
http://www.bloomberg.com/apps/news?pid=20601087&sid=agjIabcHgsIA&refer=home
A couple of thoughts: (confession: I own 200 shares at 86 bucks)
1. Steve is the guru of the company, maybe a control freak, but he wouldn't hire a bunch of schlumps to work for him. Some of them must have been innovative and brilliant over the years.....and maybe will be even more so without him hovering. Was he honest about his health? Dunno...I have a friend who was quite well a few weeks ago and now is in hospice care for pancreatic cancer. Some illnesses can creep up on you quickly. Maybe he was as honest as he could be - or maybe not.
2. I have a friend who was recently at MacWorld and said it was amazing, the company - amazing, the products...you guessed it, amazing. Does that all slip away even if Steve is sick or worse?
3. Jobs lived on the edge. Maybe this will give his employees some edge time. They may not have the same panache as Steve, but that's ok. I'm sure they want the company to do well as they must have plenty 'o shares of AAPL.
There's more....but I'm sure some of you will add to the list. And please...no AAPL to $10!
<<Cook is seen as one of Jobs' most likely successors, along with Apple's top marketing executive, Philip Schiller. American Technology Research analyst Brian Marshall -- who last week predicted Jobs would step down this year -- said Wednesday's announcement tips the bets in Cook's favor.
"The company has been soft-signaling to the Street for a while now that Steve Jobs is not going to be CEO forever," he said. "This will be sort of a trial period for Cook to be chief executive."
Cook lacks Jobs' charisma and showmanship, but is seen as a solid pick otherwise.
"Tim Cook is a very experienced and highly regarded chief operating officer," said Calyon Securities analyst Shebly Seyrafi. "He's qualified.">>
Just for a good laugh, an off-topic subject - ok for the weekend...
http://www.comedycentral.com/videos/index.jhtml?videoId=184086
But isn't a weapon like a gun in the hands of people who want to kill (or people who are young and find the gun of an adult who wants to kill or not want to kill) - more likely to kill than rocks, knives, fists, sticks, sling shots....?
Why can't the people who want to kill and have guns or the people who don't want to kill and have guns - why can't they have sling shots?
...and then we sometimes lazy Americans will slow down our working on alternative energy sources - just my 2 cents. i agree with tom friedman...
http://www.nytimes.com/2008/06/22/opinion/22friedman.html?hp
<<Actually, it’s more sophisticated than that: Get Saudi Arabia, our chief oil pusher, to up our dosage for a little while and bring down the oil price just enough so the renewable energy alternatives can’t totally take off. Then try to strong arm Congress into lifting the ban on drilling offshore and in the Arctic National Wildlife Refuge.
It’s as if our addict-in-chief is saying to us: “C’mon guys, you know you want a little more of the good stuff. One more hit, baby. Just one more toke on the ole oil pipe. I promise, next year, we’ll all go straight. I’ll even put a wind turbine on my presidential library. But for now, give me one more pop from that drill, please, baby. Just one more transfusion of that sweet offshore crude.”>>
IMHO, ending the day above 3 would be a good sign. It should be an interesting first hour after the mkt. opens...
XM Satellite Radio (Nasdaq: XMSR) and Sirius Satellite Radio (Nasdaq: SIRI) still aren't hitched, though an FCC decision could come down in June. Regulators have been holding up the deal since its announcement back in February 2007. Think about it: There were still people back then who didn't know the meaning of "subprime."
http://www.fool.com/investing/general/2008/05/31/a-fool-looks-back.aspx
...still in the news, but going nowhere
TASER International Wins Two Lawsuit Appeals
Tuesday May 27, 7:30 am ET
SCOTTSDALE, Ariz., May 27, 2008 (PRIME NEWSWIRE) -- TASER International, Inc. (NasdaqGS:TASR - News), a market leader in advanced electronic control devices, announced that the United States Court of Appeals for the Ninth Circuit affirmed the order for summary judgment granted to TASER International by the United States District Court for the Eastern District of California in the case of Torres v. City of Madera v. TASER International. In addition, the Court of Appeals for the State of Arizona dismissed the plaintiff's appeal from the order granting TASER International summary judgment issued by the Maricopa County Superior Court in the case of Gerdon v. TASER International.
http://biz.yahoo.com/pz/080527/143483.html
I think I speak for all of us when I say we feel the same as you. He was amazing.
SanDisk (nasdaq: SNDK - news - people )'s Secur ID USB drive with token
Why carry a token that does only one thing? SanDisk sells a USB thumb drive that doubles as an RSA token. The drive also encrypts data stored on it. ($99)
Technology Special Report
Stop, Thief
Andy Greenberg 06.02.08
Identity protection may be as close by as what's in your pocket or purse
Security specialists love something called dual-factor authentication, the ritual of proving your identity by offering up something you know, like a password, and something you have, like a physical key or one of those RSA or Entrust tokens that generate changing passcodes. But why not make the "something you have" something you already have, like a cell phone? Here are five ideas for thwarting identity thieves using commonly toted gadgets.
http://www.forbes.com/free_forbes/2008/0602/060.html?partner=yahoomag
<<I guess I just miss my Zeev daily fix and I think I'm having withdrawals or something.>>
ditto, ditto! I couldn't have said it better. He was amazing - in many ways.
only with you lee!!
Somebody likes QLGC this morning...and my POT is healthy as well. anybody have a thought on SNDK??
http://www.cnbc.com/id/24465871/site/14081545?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo
The Next Tech Takeover Targets
Don't worry about the collapse of the Microsoft-Yahoo deal, says Jason Trennert. The chief investment strategist for Strategas Partners says it's definitely the season for corporate weddings.
"If you're if you're thinking about M&A, I think this is the year to do it," he told CNBC.
A lot of that, he says, has to do with the political climate.
"There's a lot of questions about the sustainability of the Bush tax cuts on dividends and capital gains," he said. "If you're thinking about selling your company, obviously you can do it at a much lower tax rate, and also you know what the regulatory regime is."
He calls that one of the "subtexts" of the acquisition last week of chewing-gum maker Wrigley by privately-held Mars.
Trennert sees attractive takeover targets in the technology sector.
"It has very little debt, tons of cash...[and] it's not dependent upon the debt markets," he observed. "In this environment, cash is king, and I think technology is well positioned."
The top targets he's spotted are SanDisk
SanDisk Corp
SNDK
29.78 0.59 +2.02%
NASDAQ
Quote | Chart | News | Profile
[SNDK 29.78 0.59 (+2.02%) ] and Commscope
CommScope Inc
CTV
48.85 0.59 +1.22%
NYSE
Quote | Chart | News | Profile
[CTV 48.85 0.59 (+1.22%) ].
hi op
so were the qlgc numbers that bad?? guidance? i thought they beat!
SNDK got a +25% plug on FOX news Bulls and Bears this last Saturday. Who knows - but it sounded great.
i would just like to see it over 3 bucks again! sheesh!
Is there a SIRI argument board?
SNDK - heart's in the right place...
Press Release Source: SanDisk Corporation
To The Top! SanDisk Supplies Flash Memory for High-Tech Climbing Attempt of Mt. Everest
Monday April 14, 8:00 am ET
Three-Member Team Hopes to Reach Summit in May; Objective is Raising Awareness of AIDS Pandemic in Africa
MILPITAS, Calif.--(BUSINESS WIRE)--Equipped with portable electronic devices that range from high-definition camcorders to satellite-based mobile phones, a three-member climbing team sponsored by Dell (PRODUCT) RED + Windows Vista (PRODUCT) RED, MSN and MSNBC – and carrying a variety of flash-memory products from SanDisk Corporation (NASDAQ:SNDK - News) – is on the flanks of Mt. Everest hoping to reach the summit as part of a campaign to call attention to AIDS in Africa.
http://biz.yahoo.com/bw/080414/20080414005547.html?.v=1
Bruce Lee - chop chop
I vote yes!
My old fav - QLGC -
http://biz.yahoo.com/pz/080408/139673.html
QLogic Introduces New Line of Converged Network Adapters
Tuesday April 8, 3:30 pm ET
QLogic 8000 Series CNA is Compatible With Cisco Nexus 5000 Series; Consolidates Data and Storage Networks to Provide 10GbE Performance, Reduced Cabling
ORLANDO, Fla., April 8, 2008 (PRIME NEWSWIRE) -- Storage Networking World -- QLogic Corp. (NasdaqGS:QLGC - News), a leader in networking for storage and high performance computing (HPC), today introduced the QLogic(r) 8000 Series of converged network adapters (CNAs) that support both data and storage networking using a single adapter. Enhanced Ethernet along with Fibre Channel over Ethernet (FCoE) offer the promise of a unified fabric in the data center. Powerful QLogic 8000 Series CNAs make FCoE easy to deploy for data center administrators with the same Fibre Channel operational model, the same QLogic drivers and the same QLogic management tools already in use with their Fibre Channel SANs. The company also announced support for the Cisco Nexus 5000 Series. The new FCoE products from QLogic help to consolidate data and storage networks with blazing 10GbE performance, reduced cabling, and reduced power and cooling.
``Our floor is packed full of cables, so a new network technology that is 'rip and replace' is out of the question,'' said Steve Fastook, vice president of technical and commercial operations, CNBC. ``Preliminary results from our evaluation of QLogic and Cisco equipment indicate that FCoE could be a solution to add bandwidth without rewiring as we increase the use of high resolution video and desktop editing.''
8. Sirius Satellite Radio(SIRI - Cramer's Take - Stockpickr): The market is not understanding the big upside potential of a combined XMSR-SIRI. The new entity will have strong leverage to reduce costs and increase subscriber growth. Yes, we are still waiting on FCC approval, but I don't see them blocking the deal after the DOJ signed off on it. I would be an aggressive buyer of shares here. -- BUY
http://www.thestreet.com/story/10411091/2/thestreetcom-power-stock-rankings-april-8.html?partner=investing
too funny!!
Zeev must have liked to cook - he spoke about stocks as having another "helping" or "serving". It was all about food!
Poof! Like magic. There goes that SNDK again.....up!
QLGC looking nice after a downgrade!
SNDK flying!
Is it possible to find 2-3 moderators and try it for 2-3 months - and if things fade, they fade. What would Zeev think??
I agree completely. Thanks.
I agree Fed! You always have an important view. And I miss Zeev too. That idea of a new thread called the Zeevheads was great.
Titan.
Jay Matulich Three Views on One Big Rally
Market Analysis by Jay Matulich, Harry Boxer & Mike Paulenoff
AdviceTrade wizards Jay Matulich, Harry Boxer, and Mike Paulenoff weigh in on today's rally. According to Matulich:
Today's rally is a continuation from the week of March 17, when we last spoke. As you may recall, I was talking about somewhat of a complex bottom being formed, and it looks like we may have gotten it last night in overnight news from UBS. They said they were writing down substantially all over their bad bond portfolio, but more importantly raising capital and going to greenfield those bad bonds into another entity that they are actually going to fund. So they're staying away from government funding, doing it privately, and I think that will be the model going forward for all large financial institutions, including investment banks.
The big headline is, "Stocks Surge, Credit Crisis Over." There's no way this credit crisis is over. My question would be: How much has been discounted to date? I think that's where we're going. More and more is getting discounted. We still have a ways to go. This rally -- I think it can go for a while in the equity market. I think the month of April could be the duration of how far the equity rally goes as far as time. I do think we have some more dislocation down the road.
My sense is we get a dislocation of the market in late April and May, setting up for something in June, which I think can carry us all the way to the end of the year on the upside. It is very constructive to see the dollar rally, T-bond yields going up and stocks going up also. That was the big chain I was looking for a couple weeks ago when we last talked. I mentioned I was long the dollar, short T-bonds, and short commodities, including gold. I basically covered all the commodities and gold shorts, and still have my dollar long and t-bond short out there, and I'm going to keep those along with some stock blocks.
T-bonds have had such a safety bid in them that since the market is getting a whiff that some risk is coming out of the market I think you get a tremendous flow of funds out of there into stocks. The dollar rally comes with Europe being weaker now -- they may be lowering rates, so the dollar could come back up to some equilibrium level since it got hammered in a big way really since the first of the year.
Commodities? I covered all of that. Not much there I don't think on the downside left. My sense is they could be range-bound for a couple months, but if my market scenario works out I think summer could be great again for some of these commodities, especially the breakfast commodities and the metals.
Harry Boxer, of TheTechTrader.com, writes:
The indices had a rip-roaring day today. The overall pattern in both the S&P 500 and NDX suggest a bottoming type pattern is in place here. The next object on the SPX would be a move back up towards lateral price resistance, at least to the 1395-1400 zone, and if things really cook maybe as high as the 1410 or even the 1425-30 range.
Today's 1-minute chart on the SPX shows one of my favorite patterns -- a gap up, a strong run in the morning, flag, and then the rest of the day in a rising channel, hitting the top of the channel, pulling back to the bottom of the channel, and back and forth and then closing right at the top of the channel going away . . . one helluva move!
The NDX had a strong gap-up and strong rising channel all session. This is indicative of a thrust to the upside with excellent technicals. Advance-declines were more than 3 to 1 on Nasdaq, with up/down volume 10 to 1 positive . . . so a very significant upday.
But more importantly there was very little pullback all day -- with flag, flag, flag-type consolidation. Even despite the late pullback the bottom of the channel held, and it closed at 1855 and change, the highs for the day.
The daily chart on the NDX shows the sharply declining channel we're in was broken last week. The index pulled back to test the breakout point, held the moving averages, and then popped up today. Look where we closed -- right near the two reaction snapback rally highs off of the January spike low. This is an important area of resistance just above here. If we can through here, there's a strong possibility this rally can extend and give you a 50-62% retracement. We'll be in the midst of a pretty strong rally if that does occur.
View and listen to Harry's complete video chart analysis on the NDX and SPX.
Mike Paulenoff, of MPTrader.com, writes:
Let's notice that the cash SPX pushed up to the 1370/90, which represents a very serious and heavy resistance plateau on the weekly chart and also represents the breakdown point in late January when the world looked like it was coming to an end! So, if the SPX gaps up again tomorrow, and takes off on another 2-3% upmove, we might have to rearrange our thought processes to at least give consideration to the idea that the upmove off of the January lows might be a new upleg, rather than a recovery in a bear market.
Stay tuned!
View Mike's SPX chart.
SanDisk Soars on Asian Memory Prices
Tuesday April 1, 4:56 pm ET
By Sean O'Driscoll, AP Business Writer
SanDisk Soars As Higher Asian Memory Prices Add Confidence to Market
NEW YORK (AP) -- Memory chip maker SanDisk Corp. soared Tuesday as Asian competitors raised prices after nearly two years of oversupply and depressed profit margins.
Piper Jaffray analyst Amit Kapur said in an interview that the announcement by two major Asian chip makers on Monday has helped bring back confidence to the sector and said prices may stabilize in the next few quarters.
Kapur said March prices suggest that the market is already beginning to stabilize.
The market may have shown undue concern for SanDisk's profitability, he said, especially as the company's main product, NAND flash chips, continue to penetrate the cell phone market.
He said there is strong NAND demand in the high end of the cell phone market but said demand is increasingly coming from the mid-range cell phone sector. This should be a strong driving force in the next few years, he added.
SanDisk shares rose $2.20, or 9.8 percent, to close at $24.77 Tuesday. They have traded in the last 12 months between $19.54 and $59.75.
http://biz.yahoo.com/ap/080401/sandisk_mover.html?.v=2
any reason why siri is in 2 cent mode today?
"Still, the final ruling should be days -- not weeks or months -- away. It would be a shock to see the FCC block the deal."
http://www.fool.com/investing/high-growth/2008/03/31/sirius-deadlines-serious-implications.aspx
Anyone think SNDK hit the low and is on its way up? Looks good today...
Fantastic Bruce! Thanks...Zeev would be proud to have you in his place!
great idea! thanks...
I'd like to nominate Bruce Thompson. Hey, he even keeps us up to date with hurricanes...so he can help us 'weather' any storm that might happen here.
2 cents worth...
Just fantastic! Thanks Nevo and Bruce for sharing this with us. I miss Zeev!!!