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Archive for August, 2011

FA Notes August 31, 2011

August 31st, 2011 No comments

Chicago PMI 56.5 vs. 54 est., 58.8 prior
August ADP Jobs 91K vs. 110K est, 114K prior revised to 109K

Acer 2012 notebook orders to Pegatron only 600K vs. 5 million expected. Link

AMZN – Amazon 10.1” tablet to go into mass production in Q1-2012, while the 7” tablet expected in October. Link

INTC – Sell-side speculates Intel adjusting capex plans due to weak PC demand. Link

Challenger job cut announcement report. Link

EB- LTXC “For Q1, LTX-Credence sees revenue of $35 million to $39 million, and a non-GAAP loss of 1-6 cents a share, nowhere even close to the Street consensus at $70.2 million and a profit of 32 cents a share” Link

Categories: News

FA Notes August 30, 2011

August 30th, 2011 No comments

August consumer confidence 44.5 vs. 52.5 est., 59.5 prior

June Case-Shiller housing prices –4.5% y/y

SINA TUDO – Sina buys a stake in Tudou Holdings. Link

PANL – Universal Display announces licensing deal with Panasonic. Link

Fed Evans super dovish on CNBC. Want more accommodation as long as inflation under 3% and unemployment over 7.5%.

Facebook is getting out of the daily deals business. Link

Italian bond auction demand weak. Link

Trichet hints at a pause in rate hikes. Link

Categories: News

FA Notes August 26, 2011

August 26th, 2011 No comments

Samsung aggressively cutting flat panel prices. Link
”Some panel makers have lowered their capacity utilization rates to 70-75% recently and may further reduce the ratios to 50% in September, the sources noted”

Groupon founder strikes back at critics. Link

Hedge-funds are massive short SP500 futures and long gold. Link

AAII bullish sentiment at a 4 week high. Link

Bank run in Greece. Link

EB+ TIF
EB- OVTI

Sell-side Stern Agee upgrades RIMM to Buy, Pacific Crest upgrades VMW to Outperform

Categories: News

FA Notes August 25, 2011

August 25th, 2011 No comments

Jobless claims 417K vs. 405K est., 408K prior

Wall Street comments on Apple Steve Jobs resigning as CEO. Link

Acer Inc., a leading PC maker, projects a loss for the year. Link

Bronte Capital on BAC. Link

ECB stands ready to loan dollars to European banks. Link

EB- AMAT GES

Categories: News

FA Notes August 24, 2011

August 24th, 2011 No comments

July durable goods 4% vs. 2% est., –2.1% prior
ex-transportation 0.7% vs. –0.5% est.

Heineken profit warning. Link

FSL CEO admits to business slowdown because of economic troubles in developed markets. Link

NYTimes on Bernanke’s speech on Friday. Link

S AAPL – Sprint to get the Apple iPhone in mid-October. Link

EB- IPHI

Categories: News

FA Notes August 23, 2011

August 23rd, 2011 No comments

Germany August Advanced PMI manufacturing 52.0 vs. 50.6 est., 52.0 prior
Eurozone manufacturing PMI 49.7 vs. 49.6 est., 50.4 prior
HSBC preliminary China August PMI 49.8 vs. 49.3 prior

Facebook looking to do more acquisitions. Link
Digitimes speculates Facebook may buy HP’s webOS. Link

BAC – Henry Blodget bashes Bank of America. Link

PANL – Universal Display Corp. announces OLED licensing deal with Samsung. Link

ARM Holding CEO downplays acquisition benefit. Link

AAPL – Reuters reports Apple will see a 8GB iPhone 4 soon. Link

George Soros on the Euro. Link

Fed’s Bullard says they will act if economy weakens and deflation comes. Link

EB- TSL

Categories: News

FA Notes August 19, 2011

August 19th, 2011 No comments

HTC and Apple scale down handset chipset orders. Link

WSJ reports higher-resolution iPad 3 coming in early 2012. Link

Alfred Little bashes HOGS. Link

Liberty decides to invest $204M in Barnes & Noble instead of buying it. Link

CLWR – Sprint talking to cable operators to potentially buy the rest of Clearwire. Link

What ValueAct is buying. Link

Finland wants collateral to bailout Greece. Link

EU may be drafting euro-bond legislation. Link

EB- HPQ

Categories: News

FA Notes August 18, 2011

August 18th, 2011 No comments

CPI 0.5% vs. 0.2% est., –0.2% prior
CPI ex-food/energy 0.2% vs. 0.2% est., 0.3% prior
Jobless claims 408K vs. 400K est., 395K prior

NTAP CFO:

“You’ve seen the macro economic backdrop,” Gomo said in a phone interview. “Clearly, there’s something going on in the macro. What we saw was a fairly dramatic slowdown in the last three weeks of July.”

He added: “Our business was doing just fine through June, and then all of a sudden, we started seeing a pretty broad slowdown.”

He said the slump was most pronounced in the federal and financial services markets, as he also noted the uncertainty brought about by the debate over the U.S. debt ceiling and the financial crisis in Europe.

“The past six weeks have been incredible,” Gomo said. “We’re in unprecedented waters right now.” Link

John Paulson’s Advantage Plus fund –33.5% YTD as of last Friday. Link

NYTimes on “decision fatigue”. Eat and sleep well traders! Link

Justice Department is investigating S&P for mortgage security ratings. Link

Apple is squeezing their suppliers’ margins. Link

S&P reiterated that France’s AAA rating is stable. Link

Big bounce in Nintendo 3DS sales in Japan after the price cut. Link

List of 3DS component suppliers. Link

EB+ QIHU
EB- JDSU NTAP IRF SHLD Link

Categories: News

FA Notes August 17, 2011

August 17th, 2011 No comments

PPI 0.2% vs. 0.0% est., –0.4% prior
PP ex-food/energy 0.4% vs. 0.2% est., 0.3% prior

NFLX – Netflix reportedly looking to expand to Spain. Link

Swiss National Bank did not do a euro currency peg.

Spain 12 and 18 month bond auctions went fine. Link

Earnings: Dell guided down October quarter revenue to $15.7B vs. $16.2B est. The company cited weakness in U.S. consumer, Federal government business, and macro uncertainty.

EB- BCSI

Categories: News

FA Notes August 16, 2011

August 16th, 2011 No comments

European Union Q2 GDP 0.2% vs. 0.3%
German Q2 GDP 0.1% vs. 0.5% Link
Import prices 0.3% vs. –0.1%

Rick Perry attacks the prospect of QE3. Link

AAPL – iPad 3 delayed to 2012 due to weak display yields. Link

WMT: 0% sales comps, improved each month during the quarter. July sales comp went positive. Guides next quarter to –1 to +1% comp vs. –1.3% last year

JM Smucker cuts coffee prices by 6% as coffee futures are down 20% from May highs. Link

Key event: Sarkozy/Merkel mid-day press conference 12PM EST

Categories: News