Morning Notes (BBY, TSM) – Computer Business is Rocking
BBY: December 2009 sales +13%, comp store +8.2%. U.S. domestic home office +28.5% (notebooks, cellphone driven), consumer electronics +4.5%, appliances +16.2%, services 0%, entertainment software -0.6% (increases in videogames offset by music/movies)
Sick (as in good) computer and cellphone numbers.
TSM: Digitimes reports 2010 capex will be $4.5 billion up from initial internal forecast of $3 billion
DRAM: DDR3 spot prices up 4.22% yesterday
December 2009 non-farm payrolls: -85K vs. 0 est. Unemployment rate 10% vs. 10% est.