General Motors Inc. is sort of the anti-Ross Perot, the company that informs you that no matter what the circumstance, it still needs a boatload of money just to make getting up in the morning worth it. The automotive giant (ish) asked for $18 billion in federal loans, one-and-a-half times the size of what it asked for a few weeks ago, amid a 41% decline in auto sales in November. But the thin...
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Gary Krakow gets a glimpse of Nokia's new N97 smartphone, the phone maker's answer to the iPhone, BlackBerry Storm, G-1 and other touch-screen devices.
I just took screenshots of all day on ES for someone, so I thought I’d post them. So, here you go…. The little yellow arrows are Bill’s entry signals (this is the main eotpro moderator, who trades live in our chat room all day with my indicators). If the volume pressure is headed the right way, and is a thick line (look at the middle subgraph, purple line), then he almost alwa...
Whether battling overseas forces or building U.S. production, Big Oil gets it done.
UnitedHealth Group Inc. (NYSE: UNH) has made some rather bold predictions for 2009. What is interesting here is that these projections are not the projections of old showing continued growth nor showing continued goals total dominance. But the possible surprise here is that this depends upon the state of just how bad things get in the economy and also upon several factors which might now be ou...
The market for DRAM chips continues to collapse, making life rough for Micron Technology (MU) and other memory chip companies. According to DRAMeXchange.com, spot market prices for DRAM chips last week fell between 5% and 15%, depending on specific configuration, to new historic lows. For DDR2 1Gb chips, the price last week dropped to 68 cents, from 80 cents, with a 34% drop in November. For DD...
Buy, Sell or Hold Insight: GM Remains a High Risk Profit Play – Even as it Files its Turnaround Plan Today
Tue, Dec 2, 11:31 AM ET
With America’s “Big Three” automakers all due to submit turnaround plans to Congress today (Tuesday) – a requirement if General Motor Corp. (GM), Ford Motor Co. (F), and Chrysler Corp., are to receive $25 billion in government loans – I couldn’t help but recall the moment eight years ago when I realized the U.S. auto industry was skidding toward a financial c...
Cell Phones: Oppenheimer Sees Q4 Units Flat Vs. Q3; Cuts ‘09 View; Trims Ests On MOT, NOK, RIMM, RFMD, CELL
Tue, Dec 2, 11:28 AM ET
Conditions in the global handset market continue to deteriorate, according to Oppenheimer analyst Ittai Kidron. Kidron now sees global handset sell-in for Q4 of 315 million units, flat with Q3, and below the recent Nokia forecast of 330 million units. He says that checks find production cuts by OEMs, inventory reduction by carriers and weaker sell through in most regions, especially in November...
Dec. 1 (Bloomberg) — Treasuries rose, pushing yields to record lows, as Federal Reserve Chairman Ben S. Bernanke said the central bank may purchase Treasuries and target long-term interest rates to combat the deepening recession. …and the monetizing of debt begins. I’ve talked extensively in several issues of Bourbon and Bayonets about the coming turmoil in long dates U.S. tre...
Goldman Sees ‘09 GDP Down 1.6%, IT Spend Down 4%; Cuts Targets, Estimates On A Zillion Software Stocks
Tue, Dec 2, 10:48 AM ET
Goldman Sachs has sliced its estimates and price targets on most of the enterprise software companies it covers to reflect a more dire outlook for the U.S. economy and IT spending. In a research note, Goldman’s Sarah Friar notes that the firm’s economics team now sees real GDP shrinking 5% in Q4 and 1.6% in 2009, worse than their previous forecast of down 3.5% and down 0.8%. Goldman...