Last week my friend Herb Greenberg had a nervous spasm and severed a studio cable (okay, it was actually an AT&T network issue, but blaming Herb is more fun) and caused our CNBC on-air smackdown to be canceled. Technical problems are now apparently fixed, and Herb and I are scheduled to to go at it on-air tomorrow (Monday) at 10:15 PST. Check your local listings. And wear lead: It could be radio-active.
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It’s not exactly a big surprise given how Microsoft fought Google’s Doubleclick acquisition, but apparently Google is going to do the same on Microsoft’s bid for Yahoo. Google is set to come noisily and publicly against the deal, saying it is an example of Microsoft trying to extend its monopoly to the web. Ooooooh, right? Not really. For starters, this was predictable, as I said above. And second, Microsoft has been trying unsuccessfully to extend its monopoly to the web ever since … well, it first belatedly noticed the web, which was roughly around the time of the second edition of Bill Gates’ wonderfully ill-timed foray into futurism, the deliciously blinkered book T…
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The RBA is likely to rise rates by 25 basis points tomorrow.…
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No one thought that Google (GOOG) would like Microsoft’s (MSFT) bid for Yahoo!.(YHOO). While Google will still be the world leader in search, the new combined company proposed by Redmond would be No.2. According to comScore data, Google had 62% of worldwide searches in December. Yahoo! had 12% and Microsoft about 3%. The figures in the US are better for Yahoo! and Microsoft, but search is a global business. According to The Wall Street Journal, in an essay posted on the internet Google Senior Vice President David Drummond, asks whether Microsoft could “now attempt to exert the same sort of…
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Table below contains all write-down and credit loss for major world banks and brokerages. Up to now total amount is 146 billion USD. Report shows impact of financial crisis from the beginning 2007 till now. Numbers are including subprime and mortage writedowns, credit losses, reserves for bad mortages and loans.Numbers are in bln USD at 31.Jan 2008. Data are purged from profits from financial hedging….
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Yahoo! vs. Microsoft. Developers vs. Businesspeople. Baseball players vs. Football players. It’s just a matter of culture. With the exception of baseball players and football players, the others have to get along in order for their teams to be successful. Michael Lewis penned an article in today’s N…
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Yahoo! vs. Microsoft. Developers vs. Businesspeople. Baseball players vs. Football players. It’s just a matter of culture. With the exception of baseball players and football players, the others have to get along in order for their teams to be successful. Michael Lewis penned an article in today’s N…
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Better Late Than Never
Bill Gross : The U.S. needs a Krugman “demand-based” fiscal package alright, but a $300-$500 billion permanent one, in addition to the proposed temporary package, because as the system of modern day levered shadow finance slows to a crawl or even contracts at the edges, its ability to systemically fertilize economic growth must be called into question.
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Innovating the Route to Growth - Infosys Technologies The appreciation of the rupee versus the US dollar, upswing in wages and likely recession in the US have not boded well for IT shares. The Sensex seesaw last month had investors across the country on tenterhooks. It seems that p…
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A bleak employment report was the last straw.…
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We are constantly looking for the business angle of current events, and what could be more pressing than the Super Bowl today. More people watch the Super Bowl than watch live coverage of presidential elections. So if we wanted to look at who the endorsement crowd wants to win the game, we’d simply look at the endorsements of team leaders. The Patriots’ Brady as QB trumps the Giants’ Eli Manning on the endorsement roster. Sports Illustrated estimated a $9 million endorsement take-home from Tom Brady. Eli Manning’s endorsements were “only” estimated at $5 million. Brady has Nike (NYSE: NKE), Movado…
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addslashes(Here is a sneak peek at some links from my weekly Weekend Reading column over at TheStreet.com. Commodity traders superior to chimpanzees, research shows (Risk) The Fed is trying to repair its tarnished image (B…
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Despite of economic slowndown Ukrainian stock market index PFTS brought 135% gain at 2007. It is second best performing index after Chinese CSI 300. Outlook for 2008 is less optimistic and on average 30-40% gains are expected. The most promising sectors are metallurgical assets, energy and machine. On the other side financials are among laggards. Since 2004 market capitalization has risen 11-fold. Number of companies traded on stock market reached 335. Market could be fuelled by scheduled IPOs during 2008 escpecially large industrial groups like Metinvest, Interpipe and ISD Group….
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addslashes(New mutual fund highlights and commentary. (FundAlarm.com)
Can the relief rally continue? (TheStreet.com, …
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According to various reports, the New York State Insurance Department is meeting with various banks and dealer firms, trying to broker some kind of bailout for Ambac. One proposal being floated is for banks with exposure to insured structured finance deals to infuse the insurers with new capital. The theory goes that banks and brokerages would be forced to take new write downs in the event the insurers are downgraded, and therefore they might be better off putting up cash now to avoid the write down….
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Microsoft (MSFT) kept the Linux desktop people at bay for years. The open source operating systems wanted a piece of Redmond’s huge Windows PC franchise. The problem with Linux software is that moving it in any direction is like, to use a hackneyed saying “herding cats.” Linux programmers work, for the most part, for free. It shows. Apple (AAPL), on the other hand, knows how to build software and it has been able to take a share of the Windows franchise because of the popularity of the Mac. After years of having a tiny share of the computer market it…
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The IPO and M&A markets have gone to pieces. No one would be surprised but the extent of the decline is shocking. Global IPO activity is lower than it has been at any time in the last four years. M&A transactions are as far down as at any time since November 2004. The Telegraph reports that “worldwide takeover activity slowed to $164bn, despite a large rise in sovereign wealth funds from the Middle East and Asia taking stakes in European and US companies on the cheap.” The employment at investment banks is likely to plummet and Wall St. firms cannot…
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