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Thank you, but I was looking for something else.
Is there a group of stockholders in my situation, who have grouped together to try to get something back for our shares, from the brokerage firms who sold us the counterfeit shares or from the MMs who sold them the counterfeit shares or even from Megas who seemed willing to give the counterfeiter himself valid shares for counterfeit? Is anyone involved in such a legal effort? If so I'd like to explore joining them. Is anyone else interested in pursuing this? Thanks.
I haven't read anything on iHub for a long time, but I'm looking for some info and I hope someone will help me find it. I'm a stockholder in this stock and was one or two of the people who were sued by Megas and the law suit was retracted but in the course of it I learned that he'd sued the guy who forged the certs and ended up giving him legit certs for the forged ones! And I was offered by him to return all my shares in exchange for his dropping the law suit against me. All of which made me think I should be considering pursuing this matter legally, by going after the brokerage firms who sold me the shares or the MMs who gave the brokerage firms the shares. I'm wondering if anyone knows of a group of shareholders which might be pursuing this, whom I might consider joining. Any leads on how to proceed would be appreciated. If you can point me to posts that address this, that would be fine. I'm sure this might have been addressed here. Thank you for any help.
Great post. Thank you.
I don't have the certs but I can request them and hold them till a decision is clear. I could return them to brokerage firms if I don't convert. Your comments are very valuable.
I have a large position and let a large profit pass me by. Right now I'm holding the shares at a loss.
Might make sense to keep some common and some preferred?
Thanks, I'll pursue that. Appreciate the help.
Hello, All. I haven't been on iHub for a long time and haven't kept up with this board, but I am a holder of this stock in two brokerages and one of them sent me a copy of the offer that I received today. My question is about whether it would be more advantageous to swap the shares for the Preferred shares or more advantageous to keep the Common shares I own? My first impulse was to swap them, but I don't know how to assess this.
Would it be too much to ask if someone could summarize the opinions on this, or point me to some of the seminal posts on the subject?
I'd be very grateful.
I closed my short leg when the stock was around 74, but I may reopen it again when the stock moves up again. Nice to see the move to 76 today, and too bad it had to rebound, but nice for the volatility (for thems that knows what it is and plays it). :)
I was afraid I'd ask a question, the answer to which I wouldn't understand. :) Among all those issues and articles there's going to be one with the answer to my question plus a lot more very important information which I hope I'll have time to read some day. Meanwhile, thanks, and I see they revamped the ET site and it's very pretty now.
Oh. So I shouldn't be doing this spread in this case, but still, when you do it, you do it backwards. Because the implied volatility indicates something about doing it backwards, (front month long, back month short) has better odds?
I have to ask one little question about that: The front month loses time value faster than the back month, so if you're long the front month, what would offset that devaluation? And the issue turns around for the back month. It loses time value slower than the front month, so shorting it seems to work against you, so what offsets that issue? I know you try to get the best odds and it seems that you'd be worsening the odds with that configuration.
Great stuff. Could someone who just knows how to point and click get good pictures from that camera, pictures with detail, inside, with no special lighting?
I'd ask why you prefer lon the short duration, the front month and short the back month, but maybe I wouldn't understand the answer. There's a good reason, I bet!
Joel's funny! Thanks.
Nice! Does that mean it's some sort of hedged put/call position, or are you straight long calls?
I have as of this minute a position that's long Jan 75's and a position short less than 1/3 of the long quantity in October 75 calls. I tend to cover the short position on dips and reinstitute it on moves up.
The other important news, IMO, was the numbers on the one week of movie sales, which suggests other companies will be knocking on Apple's door right now, getting in line to sell movies in the iTMS. The two news items together bode well for the Apple position.
Thanks. To me it was just a very big number. But you have this deep relationship with numbers. :) If you think it's a stupendous number I'm impressed.
Tuesday, September 19, 2006
Apple MacBooks selling fast in advance of an update
AppleInsider has the scoop on the latest Apple notebooks: Expect new MacBooks with faster Intel chips between now and Thanksgiving, in time for the holiday shopping season. Intel is shipping faster chips to Apple, the Mac news site reports, and they should find themselves into souped-up laptops soon. Not that Apple needs the speed boost, it seems: According to AppleInsider, Credit Suisse analyst Robert Semple believes Apple will ship nearly 800,000 MacBooks this quarter, 200,000 more than his initial estimate. With another 250,000 high-end MacBook Pros expected to sell, that puts Apple in a position to sell a million laptops in its September quarter.
The performance bump from new Intel chips should help Apple keep its rapidly improving position in notebook sales. In June, Apple had 12 percent of the U.S. laptop-computer market. "While the company isn't updating its notebooks at the absolute fastest pace possible, it's clear it plans to do so more frequently than in the past," writes AppleInsider. "And it has to, especially if it has ambitions of maintaining recent share gains."
http://money.cnn.com/blogs/browser/index.html#115868118809876094
How about writing some 100's this week? em
OT: Yes, you might, but she might not. The question wasn't about you. But just tell your kid what you really want and maybe you'll get it next time.
OT: You poor, lost, soul.
I seem to have missed the answer among all that muck and hate: who was it exactly who paid for that house?
OT: I'll reserve judgment till I see a picture of the house. :) And, did you pay for it or did your wife or wife's family pay for it?
Refigerator as birthday present? Well, clearly, you are not in close touch with her, no matter how nearby she lives. :). I spent more than that on my neighbor and for something women actually want.
Hey, give her the refrigerator for YOUR birthday. For her birthday, not an icebox. Ice, maybe, but not an icebox.
BD: Absolutely correct.
Nothing to do with the original point, which seemed to simply deny the fact that there's pirated music on the iPods, but as valid as valid can be, and I agree with you.
BD: I gotta admit...
I had to look in my wallet when I read those movie download numbers. It was just a reflex. None of the downloads were mine. heh
Staggering and you know that most of the downloads would be newer movies, but it doesn't matter what the breakdown is; DIS tells us it's a million bucks. I'll settle for that.
The discussion about pirating by its nature can't have numbers to back it up. Illegal activities are often not public. But I do believe it's "head in the sand" to deny there's plenty of pirating among iPod owners, just as there is for the other groups of downloaders. It's my opinion. You can't really argue with that without proof otherwise, right? :)
Tex: I have some other numbers for you! Wow!
=DJ Disney CEO Sees Rev Of $50M Annually From Movie Downloads
By Shira Ovide
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Walt Disney Co.'s (DIS) chief executive said 125,000 movies were sold in the first week of the company's heralded movie-download deal with Apple Computer Inc. (AAPL).
Robert Iger said the downloads brought $1 million in incremental revenue and said he's "extremely confident" Disney can pull in $50 million a year in incremental revenue from digital movies, at little additional marketing expenses for the media titan.
"Clearly, customers are saying to us that they want content in multiple ways," Iger said at an industry conference Tuesday that was broadcast on the Internet. "We are very, very bullish on consumption of electronically delivered media."
Last week, Apple ended fevered speculation by announcing a movie download addition to its iTunes service. Initially, iTunes will offer 75 movies from Disney studio properties, which include Pixar, Miramax and Touchstone.
(MORE TO FOLLOW) Dow Jones Newswires
09-19-06 1304ET
Copyright (c) 2006 Dow Jones & Company, Inc.
OT: The poor woman has you for a son and only got flowers for her 85th birthday? Couldn't you spring for something more?
Fair questions. I, too, have several hundred CDs I never put through my computer. I don't know how statistics could be obtained but I think that the illegal file sharing sources get a lot of use, and that we have no reason to think it's only for those who don't own iPods.
What is true is that legal downloading got a big boost from Apple and continues to be boosted by Apple, no matter how much illegal downloading flourishes.
Sharing among friends, even good friends, :), is illegal, even if it leads to buying. When I pirated software I certainly considered it to be "trying before buying" even though I knew it was illegal.
I'm not policing anything, just pointing out that there's still a lot of illegal downloading of music and software, probably lots more than legal downloading. That was the case before Apple and probably still is. Which means Apple has a really large market it still can raid. All those little pirates have computers.
No matter how many people line up here to swear all their music and all their software, too, is legal, the fact is that most of what is being run out there is not legal. You don't like hearing it, but the truth is... the truth. The music and software industries know it all too well.
Hey, does the truth hurt that much? Most of us do know that most of the music on our iPods is illegal. Don't we?
Thanks for the data, and the comments about the brightness. I was thinking I'd like that brightness but now, I'm thinking I'd better take a gander at it before any order. As for that third keyboard, happy to hear you only have two hands.
Tex: You're right.
Apple wouldn't have wanteda $49 player with split profits and perhaps, like marijuana, it will lead to bigger things like iPods. :)
No I didn't see the Sassy Pixie. I was just listening to the CNBC coverage and not looking. I'll look next time. heh... is there a sexy guy pixie, too?
Even so, (by which I mean, your points are cogent) it's still competitive to Apple, instead of operating within the Apple family, so I still think there are rumblings of discontent.
Tickle Me Elmo has a secret product being announced today. They're taking a page out of Apple's book. Ah, I see after I posted it, that CNBC hosts made a similar connection, joking that the Elmo is going to be a Steve Jobs Elmo with a built in iPod. They depicted an Elmo wearing an iPod. Cute.
But I have another issue this morning. Disney has announced their own MP3 player. That suggests to me that Apple could have created a special Disney iPod but did not because they wanted too big a piece of the profits and that only then did Disney go off on its own to do it. Can Disney's MP3 player succeed? It also suggests to me that all is not heavenly between Apple and Disney and deals don't always get made despite someone being on both BOD.
Too bad. If Apple'd done the DIS iPod it would have been a home run and now I think DIS's effort will fail. It also suggests that deals between Apple and Google may not be as extravagent as some of us may think.
Nice picture. I can see it's higher, but how much wider is it, exactly? And, three keyboards for two computers? Hmmmm...
Goodies! Thanks! em
Much as I love free stuff, I'll have to pass on that one. Find me something better or worse, next time, please. :)
The address to which your cc is registered indicates your country. I don't know what else might indicate. I expect, guessing, one would have to open a new account registered to a US address, and use a US registered credit card for that account.
When iTMS began, I offered one of my credit cards to a Canadian. Fortunately he didn't take me up on the order, or I realize now, I'd surely have been stiffed. But that sort of thing is what I'd just guess would work, using a US card, regis
Maybe there are other ways they can tell, though. But I think dilleet wrote he logged in from another country when he was travelling and was able to access his account, which is registered to the US, so once it's registered to a US address, maybe it's okay to log in from Canada.
=DJ Antitrust Chief Argues For Hands-Off Approach To Apple
09/13/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
By Siobhan Hughes
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Justice Department's antitrust chief on Wednesday made a case for taking a hands-off approach to Apple Inc. (AAPL)'s iTunes music service and iPod music device, which are dominant in the online music business.
"Apple provides a useful illustration of how an attack on intellectual property rights can threaten dynamic innovation," Thomas O. Barnett, who heads the Justice Department's antitrust division, said in the text of a speech in which he also noted that he's not investigating Apple's activities.
The music industry has been hit hard in recent years by the illegal downloading of music from the Internet, but the success of Apple's iTunes has boosted the sale of legal downloads and led to forecasts from trade body the International Federation of the Phonographic Industry that recorded music sales will grow in 2006. The concern for some groups is that Apple's products and services are too dominant.
Barnett rejected complaints that Apple harmed consumers by selling expensive iPods that lock them in to buying the same costly devices in the future.
"This type of business model has been criticized in the past because the cheap product was the one that was sold first - think cheap razors and expensive replacement blades or cheap printers and expensive replacement ink," Barnett said. "Apple's model is the opposite: consumers buy the expensive iPod device first, then have the option - not the obligation - to use the free iTunes software and buy the cheap iTunes songs."
He also batted down criticisms that Apple is hurting competitors. "Antitrust law protects competition, not competitors," Barnett said. "There are real costs to using antitrust law to protect competitors rather than competition. There is the problem of deterring innovation by the target of the 'dominance' attack: if a firm knows it will have to share its intellectual property or be managed by a committee of government regulators, it may not innovate in the first instance."
Barnett's remarks come as the Justice Department and the Federal Trade Commission hold a series of hearings dealing with control of the markets by individual firms. He has said that while individual firms with monopoly power can harm consumers, "mere size" doesn't demonstrate harm.
Barnett was confirmed earlier this year after serving as acting head of the antitrust division since June 2005. His confirmation had reportedly been blocked for months by two Republican senators concerned that he would be too tough on mergers.
- By Siobhan Hughes, Dow Jones Newswires; 202-862-6654; Siobhan.Hughes@dowjones.com
(Kay Larsen contributed to this report.)
(END) Dow Jones Newswires
09-13-06 1418ET
Copyright (c) 2006 Dow Jones & Company, Inc.
DJ News Corp Pres: In Talks To Bring Fox Content To ITunes
09/13/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
NEW YORK (Dow Jones)--News Corp. (NWS, NWSA) President Peter Chernin said the media company is in talks with Apple Computer Inc. (AAPL) Chief Executive Steve Jobs to reach a deal to bring Fox content to iTunes.
"We have not yet gotten that specific, nor do we have a deal yet," Chernin said in a CNBC interview Wednesday. "If we can make a deal, and we're obviously having our usual discussions about [what kind of Fox content would be featured on iTunes], you'll then see us be pretty aggressive about putting content up - but we're not there yet."
Meanwhile, Chernin said News Corp. doesn't see itself as a "Johnny-come-lately" player in the iPod market.
"I don't think there's an enormous first-mover advantage in any of this," Chernin said. "We are in conversations with Mr. Jobs. We are interested in making our content available in virtually every platform in the world - that's what we do as a media company."
-By Erica Owen, Dow Jones Newswires; 201-938-5393; erica.owen@dowjones.com
(END) Dow Jones Newswires
09-13-06 1348ET
Copyright (c) 2006 Dow Jones & Company, Inc.
They were under a lot of pressure to indicate their intentions in regard to video, movies and the living room. This is like they've bought the engagement ring and are going to make honest, the movie biz.
Thanks! It was right there. :) Hey, I lost a ring in my apt a few years ago. Do you know where it is?
There used to be a little box on the lower left of the iTMS home screen that listed all the free music that week. It usually showed one or two more free songs than the single tune that's always featured near the top or middle of the main screen. I can't find a place that shows all the free stuff under the new format. Anyone?
Too bad about Canada. If you'd just agree to become one of our States, Steve would be able to sell you everything he sells us. OTOH, however, so would Bush.
Small, but progenerative. em