Archive for January, 2011

FA Notes Monday January 31, 2011

January 31st, 2011 No comments

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

Categories: News

QE2 Consequences – Raw Material Inflation, Egypt, and Less Jobs

January 31st, 2011 No comments

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.

Categories: News

FA Notes Friday January 28, 2011

January 28th, 2011 No comments

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 support. Link

John Paulson makes $5B in gains in 2010. Link

Daniel Shak’s $10M hedge-fund controlled $850M in gold futures. Link

Categories: News (AMZN) Q4 2010 Model

January 28th, 2011 No comments

my AMZN model: Link

Categories: Uncategorized

FA Notes Thursday January 27, 2011

January 27th, 2011 No comments

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

Categories: News

Netflix (NFLX) Q4 2010 Model

January 26th, 2011 No comments

My NFLX model: Link

Categories: Uncategorized

FA Notes Wednesday January 26, 2011

January 26th, 2011 No comments

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.

Categories: News

Coach (COH) Q2 FY2011 Model

January 25th, 2011 No comments

My COH model: Link

Categories: Uncategorized

FA Notes Tuesday January 25, 2011

January 25th, 2011 No comments

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 as a creative director. Link

Categories: News

Texas Instruments (TXN) Q4 2010 Model

January 25th, 2011 No comments

My updated TXN financial model: Link

Categories: Uncategorized