We have told investors and traders worldwide what it would take the start the rally and this here has to stop and bottom out for the markets to look forward as they have no clarity and therefore the selling keeps up.
We are going to be teach people how this works going forward in our SMF Economic Club you can sign up now by sending an email to info@stockmarketfunding.com or by calling us today at 702-685-0772 we will be happy to update you so that you can start planning your futures moving forward.
Jefferies is pessimistic about growth in 2H:FY09, but believe that Windows 7 will be available before Christmas, driving upside to Client revenue starting in December.
Firm expects mgmt to deliver a steady ~35% op margin, cutting more headcount if revenue slows, while still spending heavily to pursue search share.
They don't expect Microsoft to rebid for Yahoo (YHOO) soon, but believe it's likely they eventually return to the idea of purchasing the entire asset.
Time seems to be on their side given the anti-trust drumbeats starting to surround Google (GOOG) and the slide in equity valuations, which makes it unlikely another strategic or financial investor will change the status quo in the overall search market.
We have told investors and traders worldwide what it would take the start the rally and this here has to stop and bottom out for the markets to look forward as they have no clarity and therefore the selling keeps up.
We are going to be teach people how this works going forward in our SMF Economic Club you can sign up now by sending an email to info@stockmarketfunding.com or by calling us today at 702-685-0772 we will be happy to update you so that you can start planning your futures moving forward.
WSJ reports the co, taking another step to shrink its sprawling empire, plans to sell a large chunk of its minority stake in Brazilian credit-card company Redecard, according to people familiar with the matter. Citigroup owns roughly 17% of Redecard's outstanding shares, which trade on the S?o Paulo stock exchange. The New York company plans to sell a portion of its stake to Brazil's Banco Itau, which is a co-owner of Redecard, say the people familiar with the matter. Citigroup is also preparing to sell some Redecard shares on the open market, the people say. It isn't clear exactly how much of its Redecard stake Citigroup is planning to sell. Executives hope the transactions, which could be announced as early as next week, will generate up to $1 billion for the beleaguered bank, although one person cautioned that will depend on how much the shares fetch on the open market.
We have told investors and traders worldwide what it would take the start the rally and this here has to stop and bottom out for the markets to look forward as they have no clarity and therefore the selling keeps up.
We are going to be teach people how this works going forward in our SMF Economic Club you can sign up now by sending an email to info@stockmarketfunding.com or by calling us today at 702-685-0772 we will be happy to update you so that you can start planning your futures moving forward.
SMF NOTES DJ reports the co is sticking to its late January offer of a 10% cut in 2009 iron ore contract prices, but Chinese steel mills are holding out for much steeper cuts, a senior industry official said Thursday. Vale is willing to sign the price agreement "immediately" if the Chinese side would accept that offer, Zou Jian, chairman of the Metallurgical Mines Association of China told Dow Jones Newswires in a telephone interview.
"But nobody wants to take that offer," said Zou, who is also a director of the China Iron & Steel Association. BHP and Rio Tinto have yet to make any price offer, Zou said. A 10% drop from Vale's 2008 prices would mean steeper cuts for the other two which had negotiated higher prices in 2008.
"They're hoping steel prices will recover, but that doesn't look likely," Zou said, adding he expects the fall in prices this year to be "large." "It is reasonable to think it will be a 30%-50% cut," he said.
We have told investors and traders worldwide what it would take the start the rally and this here has to stop and bottom out for the markets to look forward as they have no clarity and therefore the selling keeps up.
We are going to be teach people how this works going forward in our SMF Economic Club you can sign up now by sending an email to info@stockmarketfunding.com or by calling us today at 702-685-0772 we will be happy to update you so that you can start planning your futures moving forward.
SMF NOTES WSJ reports the co announced Wednesday a restructuring of its domestic theme-park operations, including an unspecified number of layoffs, amid languishing attendance and sharply reduced operating income.
The announcement came less than two weeks after a deadline to accept voluntary buyouts that the company offered to about 600 executives in the Parks and Resorts division.
Disney officials declined to say how many executives took a voluntary buyout, but said the number was "satisfactory." In a memo to employees Wednesday, Parks and Resorts Chairman Jay Rasulo said the cuts would help build "an organization and cost structure that meet today's economic realities."
Friedman Billings notes recent checks into 1Q PC builds with the top five notebook ODMs and top four desktop motherboard makers are better than their month-ago checks, and they are thus leaving estimates on Intel unchanged for now.
Overall, firm forecasts 1Q PC builds to decline around 20% QOQ, better than their month-ago forecast of a 27% decline. Although their overall 1Q PC build forecast is worse than Intel's 1Q revenue guidance of a 15% sequential decline, they are leaving their 1Q ests for Intel unchanged at this time based on their prior analysis of peak to trough device shipments versus chip shipments from 3Q08 through 1Q09.
They feel that Intel's 1Q revenue guidance encapsulates enough bad news. With INTC trading at a P/E (1H10) of 19x and EV/sales (2009) of 2x, they think other stocks likely offer more upside return in an improving tape.