Archive for November, 2010

FA Notes Tuesday November 30, 2010

November 30th, 2010 No comments

SNE – Sony has shipped in 4.1 million Move controllers into the retail channel. Link

Corriente Advisors is a big winner in the Euro crisis, already paying out $320 million in gains. Link

GOOG – The European Union is probing Google for anti-trust. Link

An interview with David Einhorn. Link

ERTS – Electronic Arts CEO says they will not buy Harmonix, the development studio behind Rock Band. Link

AAPL – PC World surveys 79,000 users and Apple computers come out on top in terms of reliability. Link

October consumer confidence 54.1 vs. 52 estimate.

Chicago PMI 62.5 vs. 59.6 estimate.

AllThingsD says Google considering buying Groupon for $6B total. The startup reportedly is doing more than $50M a month in revenue. Link

September Case Shiller home price index -0.8% m/m, +0.59% y/y

STX – Seagate terminates private equity take-over talks and authorizes $2B of additional stock buy-back. Link

Categories: News

FA Notes Monday November 29, 2010

November 29th, 2010 No comments

MSFT – Microsoft has sold 2.5 million Kinects since launch 25 days ago. They are on pace to reach their goal of 5 million sold this holiday. Link

John Kinnucan writes “Why I Chose Not to Wear a Wire” Link

LVLT NFLX CMCSA – Level 3 put out a press release saying Comcast has extracted extra fees for movie streams (obviously Netflix) from them. Link

MSFT – Microsoft has held talks with TV networks to offer programming to its Xbox Live subscribers in addition to ESPN. Link

comScore says online sales on Black Friday grew 9% y/y. Amazon led retailers with 25% y/y growth in unique visitors. Target +9%. Best Buy +1%. Walmart -1%. Link

Morgan Stanley’s Mary Meeker is taking a job at Kleiner Perkins. Link

The National Retail Federation says the average shopper spend 6.4% this Black Friday weekend. Link

Online Black Friday sales were up 15.9% y/y according to Coremetrics. Link

According to ShopperTrak Black Friday retail sales were only up 0.3% y/y. Link

John Carmack, maker of Doom and Quake, says digital distribution of games will be the future. Link

Categories: News

FA Notes Friday November 26, 2010

November 26th, 2010 No comments

DLM – Del Monte Foods accepts $19/share take-out bid from KKR, Vestar Capital, and Centerview Partners. Link

Merkel wants bond investors to share in the pain after 2013. Link

FrontPoint gets $3 billion of redemption notices. Link

Categories: News

FA Notes Wednesday November 24, 2010

November 24th, 2010 No comments

Howard Lindzon interviews Jim Rogers. Link

NYPost on Peter Thiel’s Clarium hedge-fund which is down 17% YTD. Link

AAPL – The Feds are going after analysts that provide supply-chain data on companies like Apple. Link

Bloomberg reports on SAC Capital’s culture and structure. Link

October new home sales 283K vs. 314K estimate, -8.1% m/m.

November University of Michigan consumer sentiment 71.6 vs. 69.5 estimate.

October durable goods -3.3% vs. -0.1% est. Ex-transportation -2.7%

October personal income 0.5% vs. 0.4% est. Consumers spending 0.4% vs. 0.5% est. Core PCE 0.0%, 0.9% y/y

Jobless claims 407K vs. 435K est.

S&P lowers Ireland’s debt rating by two notches to A from AA-. Link

Categories: News

FA Notes Tuesday November 23, 2010

November 23rd, 2010 No comments

GM – Prince Alwaleed Bin Talal bought $500 million worth of GM stock in its IPO. Link

ORCL SAP – Oracle wins $1.3 billion jury award from SAP over copyright infringement. Link

SAC Capital wrote a letter to its investors that it received a government subpoena. Link

JCG – J. Crew gets $43.50/share cash bid from TPG Capital and Leonard Green. Link

October existing home sales 4.43M, -2.2% m/m

Q3 GDP deflator 2.3% vs. 2.3% previous estimate

Q3 GDP 2.5% vs. 2.0% previous estimate

Trading 101 by Mad Hedge Fund Trader. A good read. Link

SAC Capital was up 29% in 2009 and up 11% in 2010 through October 31st. Link

North Korea fires artillery at a South Korean island killing 2 and injuring more than a dozen. Link

Categories: News

FA Notes Monday November 22, 2010

November 22nd, 2010 No comments

JCG – Dealbook reports J. Crew is in talks to get bought by TPG Capital and Leonard Green & Partners. Link

Interview with Apolo Ohno about his book “Zero Regrets: Be Greater Than Yesterday” Link

WMT – Walmart vows to match their competitors’ Black Friday deals. Link

WSJ reporting Goldman Sachs, Ziff Brothers, Jana Partners, TPG-Axon, Jennison Associates, UBS, and Deutsche Bank AG are all involved in the parts of the investigation. Link

FBI raids two hedge-funds Level Global and Diamondback Capital. Link

Ireland’s bid for financial bailout gets Moody’s to say downgrade is “most likely.” Link

GLD – Bloomberg article on gold. Is it a bubble? Link

AAPL – Apple launches iOS4.2 for iPad, iPhone, and iPod Touch which enables multi-tasking. Link

NOVL – Attachmate announces it will acquire Novell for $6.10/share in cash.

NFLX – Netflix raises prices almost across the board and starts streaming only plan for $7.99/month in the U.S. Link

Categories: News

FA Notes Friday November 19, 2010

November 19th, 2010 No comments

1:34 George Soros on the gold bubble and the rise of China. Link

10:23 Harrah’s stops IPO due to market conditions. Link

7:19 AAPL – Reports that suppliers are gearing up for a launch of the next generation iPad in February 2011. Link

7:15 Bernanke defends QE2 and blames emerging markets for under-valuing their currencies in a speech today. Link

7:14 China raised bank reserve requirements by 50bps. Link

7:09 DLM – KKR in discussions to bid for Del Monte Foods for $18.50/share according to Reuters. Link

Categories: News

FA Notes Thursday November 18, 2010

November 18th, 2010 No comments

8:41 Taiwan Q3 GDP rose 9.8% y/y. Link

5:49 TWC – Time Warner Cable to launch new low-end cable package without ESPN for $39.95. Link

12:37 GOOG – Report that Google and/or another company tried to buy Twitter for $2.5 to $4 billion. Link

12:14 TTWO – Positive preview of upcoming Take-Two game L.A. Noire. Link

11:59 HPQ – HP starts selling the Palm Pre 2 for $449.99. Link

11:21 Rolls-Royce may have to replace 40 engines in the Airbus A380 plans. Link

11:07 ATVI – Call of Duty Blackops sells $650M in first 5 days, $100M more than last year’s Modern Warfare 2. Link

11:06 Investor sentiment drops highest fall week on week in 2 years. LOL Link

8:13 Investor sentiment readings are very high now after QE2 rally. Link

8:09 NTAP – Bloomberg News was able to get NetApp’s earnings early yesterday by typing in un-linked URLs on NetApp’s investor relations web-site. Link

7:47 OnLive to release $99 device to play their streaming games on a TV. Link

7:43 NFLX – Netflix CEO says in the next 3-5 years their plan is to “get everywhere” including Europe. Link

7:37 Ireland’s central bank governor Patrick Honohan expects his country to ask for and receive a bailout from the European Union and IMF worth “tens of billions” of euros. Link

7:35 Steve Wozniak says Android will become the dominant smart-phone OS like Microsoft Windows was for PCs. Link

7:32 NFLX – Netflix CEO says U.S. streaming only plan will be available “shortly.” Link

Categories: News

FA Notes Wednesday November 17, 2010

November 17th, 2010 No comments

4:49 Bernanke meets with senators to defend QE2. He says it will create 700K to 1 million jobs. Link

4:47 DNDN – Dendreon wins backing of advisory panel to government for Medicare. Link

12:36 BBY – The CEO of Best Buy says holiday spending going to be exciting, but he thinks it will be “late this year.” Link

8:42 AMZN AKAM – Amazon getting more competitive in the CDN space. Link

8:35 October CPI 0.2% vs. 0.4% estimate. Ex food and energy 0.0% vs. 0.1% estimate. Housing starts 519K vs. 590K estimate.

8:07 GM – GM increased their IPO size by 31%. U.S. government ownership will fall from 61% to 33% after the offering. Link

7:57 SNDK – NAND flash prices decline 7-14% in early November. Link

7:53 AMZN – gets into the movie script business. Link

7:49 Chinese government hints it will take “forceful measures” to limit food price increases. Link

7:47 Hulu Plus is now $2 cheaper at $7.99/month. Link

Categories: News

FA Notes Monday November 15, 2010

November 15th, 2010 No comments

6:30 AAPL – Apple gets the rights to sell Beatles music. Link

6:24 URBN – Urban Outfitters reported Q3 earnings of 43c vs. 42c estimate and revenue of $573.6M vs. $582.9M estimate.

6:23 JWN – Nordstrom reported Q3 earnings of 53c vs. 52c estimate and revenue of $2.09B vs. $2.07B estimate. The company guided full years earnings to $2.60-2.65 vs. $2.64 estimate.

6:21 MCP – Molycorp reported Q3 earnings of -14c vs. -10c estimate and revenue of $8.4M vs. $13.6M estimate.

6:10 MMYT – MakeMyTrip said they received notice from the government seeking payment for an undisclosed amount of service taxes. Link

1:04 CMCSA AAPL – Comcast is making an iPad application which will let its customers watch their tv shows and movies on it. Link

1:02 Facebook is now worth more than eBay and is only behind and Google in terms of market valuation. Link

10:51 LOW – Lowe’s reported Q3 earnings of 31c vs. 30c estimate and revenue of $11.59B vs. $11.75B estimate. The company guided Q4 to 16-19c vs. 18c estimate and revenue of 2-4% growth.

10:50 GYMB – Gymboree reported Q3 earnings of $1.26 vs. $1.28 estimate and revenue of $280.9M vs. $285M estimate.

10:48 MMYT – MakeMyTrip reported Q2 earnings of 2c vs. 2c estimate and revenue of $12.9M vs. $13.7M estimate. The company guided FY2011 revenue to $58-61M vs. $61M estimate.

10:20 MEE MT – WSJ reports ArcelorMittal has expressed interest in Massey Energy if the company decides to sell itself. Link

10:12 NVDA INTC – Reports from SemiAccurate that Intel and Nvidia are close to a settlement over their legal patent battle. Sources says Nvidia may receive a $1 billion cash payment. Link

10:11 EMC ISLN – EMC announced the acquisition of Isilon for $33.85/share, a 29% premium over Friday’s close. Link

10:00 September business inventories +0.9% vs. +0.9% estimate.

9:56 HPQ – HP only builds 9,000 units of the HP Slate tablet. Link

9:18 GENZ – Genzyme has started talks with Takeda Pharmaceutical. According to the the Mail report Takeda could pay $82/share. Link

9:09 POT – BHP kills Potash bid. Link

9:02 CAT BUCY – Caterpillar agrees to buy Bucyrus International for $7.6 billion cash or $92 a share, a 32% premium over Friday’s close. Link

Categories: News