Kuo Ming-Chi, an analyst at Concord Securities, says iPad 2 will have a 1024X768 display, 1.2ghz dual core ARM Cortex-A9, and the SGX543 Imagination GPU. Link
AMZN NFLX – Engadget has a screen-shot of Amazon’s unlimited video streaming offering to Prime subscribers. Link
MSFT – Microsoft Windows revenue of $5.05B missed $5.2B estimate. Second quarter unearned revenue was $13.4B vs. $14.1B estimate. Link
WMT – Walmart having issues with holiday inventory? Link
Facebook Deals goes after Groupon. Link
Samsung Galaxy tablet sales are “quite small.” Link
From when Ben Bernanke first gave his “QE2 is coming” Jackson Hole speech on August 27th, 2010 to the end of 2010: the S&P500 rose +19%, oil +16%, copper +32%, coffee +34%, corn +43%, and cotton +57%. (Source: Greenlight Capital)
Half of Egypt’s 80 million people live on less than $2 per day. When the cost of food and clothing go up 40-60% driven primarily by money-printing (AKA QE2), it is the people in poverty that suffer the most. It will not be surprising if we see more riots around the world driven primarily by food inflation. And who can blame them if they can’t afford to feed their families.
To make it worse, the biggest generator of jobs in the United States are from small businesses. Unfortunately small businesses do not have the pricing bargaining power of large public companies. With sky-rocketing raw material costs leading to lower profit margins, hiring is being put on the back-burner.
Q4 GDP 3.2% vs. 3.7% est., core PCE 0.4% q/q
DRAM prices up 10% this week. Link
Chart showing internet traffic in Egypt. Link
Bye-bye Egypt carry trade? h/t @mumboz Link
AMZN – LivingSocial is gain market-share vs. Groupon thanks to Amazon.com support. Link
John Paulson makes $5B in gains in 2010. Link
Daniel Shak’s $10M hedge-fund controlled $850M in gold futures. Link
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Jobless claims 454K vs. 405K est. Prior revised to 403K vs. 404K
Durable goods -2.5% vs 1.5% est., ex-transportation +0.5% vs. +0.6% est.
Forbes profiles Peter Thiel. Link
AAPL – Toni Sacconaghi of Bernstein Research talks up the Asia upside for Apple. Link
ECB Board member Lorenzo Smaghi says policy makers can’t ignore imported inflation. Link
SNE – Sony announces next generation PSP. Link
NFLX – Netflix to get extensive Facebook integration. Link
VZ AAPL – William Power, an analyst at R.W. Baird, predicts demand for the iPhone on Verizon Wireless will be far higher than expectations. Link
S&P cuts Japan’s sovereign debt rate by one notch to AA-. Link
SLE – Apollo hasn’t raised its $19 bid and JBS is still working to submit a formal proposal. Link
IMAX – IMAX brushes off take-over rumors. Link
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T – AT&T offering unlimited data plans to would-be iPhone defectors. Link
RIMM – Research in Motion considering a feature that will let their devices run Android apps. Link
ERTS – Report that their Star Wars MMO is coming out in September 2011. Link
MU – DRAM contract prices continue to drop in 2H of January. Link
TM – Toyota recalls another 1.4M cars. Link
Sealy adopts Simmons mattress coil design. Link
German minister says EU to unveil new debt plan in late March. Link
GOOG – Google isn’t happy with slow Android app sales. Link
AAPL – Visa executive says iPhone 5 will have NFC built-in. Link
WSJ says Facebook will require all social games on their platform to use Facebook Credits. Facebook will take a 30% cut of any revenue.
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VZ AAPL T – Verizon is offering $200 for your AT&T iPhone. Link
Jim Simons, founder of Renaissance, speaks at MIT. Link
AAPL – Bloomberg reports Apple will include NFC technology on iPhone 5 and iPad 2. Link
AMZN – Amazon is testing a online grocery delivery service in Seattle. Link
VZ – Verizon to offer a $30/month unlmited data plan for iPhone. Link
INTC – Intel hires will.i.am as a creative director. Link
My updated TXN financial model: Link
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