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Post by phoebear611 on May 12, 2014 3:17:23 GMT -8
Good Morning While You Were Sleeping...Asia was mixed but mostly red. Europe all green as of now. US futures looking nicely green. AAPL green in PM (+$1.76) -- I'm guessing the news on the acquisition has taken time to digest and there seems to be a glimmer of method to TC's madness. We'll see what the week brings. Economic Calendar:Monday, 5/12: Fed Budget @ 2:00 pm Tuesday, 5/13: Retail Sales and Import Price Index @ 8:30 am // Business Inventories @ 10:00 am Wednesday, 5/14: Producer Price Index @ 8:30 am Thursday, 5/15: Jobless Claims, Consumer Price Index, Core CPI, Empire State Index all @ 8:30 // Industrial Production and Capacity Utilization @ 9:15 am // Homebuilders Index and Philly Fed @ 10:00 am Friday, 5/16: Housing Starts @ 8:30 // University of Michigan Consumer Sentiment @ 9:55 News on AAPL (all news is about BEATS in just about every outlet - regurgitating the same thing/news): --- BofA/Merrill Lynch analyst Scott Craig weighed in on Apple amid recent reports the company is in talks to acquire Beats for for $3.2 billion. Craig is calling the acquisition out of character and expensive. The firm maintains a neutral rating and a $615 PT. www.streetinsider.com/Analyst+Comments/Apples+%28AAPL%29+Potential+Beats+Deal+Expensive+and+Out+of+Character+-+BofAMerrill+Lynch/9470668.html?si_client=stEnjoy the day!
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Post by rob_london on May 12, 2014 3:21:39 GMT -8
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Post by rob_london on May 12, 2014 5:06:32 GMT -8
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Post by Luckychoices on May 12, 2014 6:57:29 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on May 12, 2014 11:30:00 GMT -8
Says the company that bought bankrupt Merrill Lynch for $50B.
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Post by qualitywte on May 12, 2014 12:13:04 GMT -8
I see the musical connection. He bears a slight resemblance to James Taylor.
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Post by rob_london on May 12, 2014 12:20:04 GMT -8
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Post by nwjade on May 12, 2014 12:39:53 GMT -8
Another Jimmy Lovine interview. It’s the HP Leadership Conference February 2010 in San Francisco. His statement almost at the end about the sorry state of the industry and saying we are going to advantage someone in the near future and they are going to have enormous clout is exciting given the acquisition rumors. The whole thing is a good. www.youtube.com/watch?v=aXsI7DqgHyM
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Post by Luckychoices on May 12, 2014 13:15:55 GMT -8
I see the musical connection. He bears a slight resemblance to James Taylor. Good point, qualitywte! I completely missed it. But now that you've pointed it out, I can clearly see the resemblance and feel even better about the purchase. Thanks! :-)
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Post by redinaustin on May 12, 2014 14:54:03 GMT -8
Another Jimmy Lovine interview. It’s the HP Leadership Conference February 2010 in San Francisco. His statement almost at the end about the sorry state of the industry and saying we are going to advantage someone in the near future and they are going to have enormous clout is exciting given the acquisition rumors. The whole thing is a good. www.youtube.com/watch?v=aXsI7DqgHyMHmmm Business sense - check, vision - check, focus on the consumer and the emotion of music - check The only remaining question, who showed the video to Tim?
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on May 12, 2014 16:46:34 GMT -8
I was in Fry's Electronics on Saturday, and due to the (alleged) Beats deal, I actually looked for headphones. I was surprised to see 5 or 6 different displays for specific headphones throughout the store, in prominent, high traffic areas, in addition to the main headphone display (Beats was in the main headphone display aisle). Obviously, people are buying them, or they wouldn't be all over the store.
Anyway, nice to be up today...
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Deleted
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Post by Deleted on May 12, 2014 17:32:02 GMT -8
AT&T in advanced talks to acquire DirecTV for $50B. Now THAT'S a big purchase -- watch it generate one tenth the buzz of Apple dipping into petty cash.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on May 12, 2014 19:39:07 GMT -8
It's worth a read, but he makes about 10 questionable suppositions before he gets to the point...
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on May 12, 2014 19:54:10 GMT -8
You don't have to have minored in Dramatic Writing to blog last I checked, but...
Knowing your knitting helps. It was a fine post overall, but Ben is almost surely wrong on China Mobile being priced into the stock. Then there's this perception that growing existing businesses and acquiring new growth can't go together.
Pundits may scoff. Competition's getting realllly nervous about Apple's moves.
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icam
Member
Posts: 447
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Post by icam on May 12, 2014 21:20:47 GMT -8
Another Jimmy Lovine interview. It’s the HP Leadership Conference February 2010 in San Francisco. His statement almost at the end about the sorry state of the industry and saying we are going to advantage someone in the near future and they are going to have enormous clout is exciting given the acquisition rumors. The whole thing is a good. www.youtube.com/watch?v=aXsI7DqgHyMHmmm Business sense - check, vision - check, focus on the consumer and the emotion of music - check The only remaining question, who showed the video to Tim? I never knew Beats was delivering high quality music. I always thought they were just another company competing in the high end headphone world against Bose and the likes. I'm not sure Beats is worth $3 billion, but it might be, and I am way more intrigued by them now that I know they are delivering hight quality music. My biggest bitch about the electronically downloaded music, and music loaded onto iPods and iPhones, is that it sounds like shit (thin and tinny) coming out of a tin can. Steve Jobs and crew said they had to strip it down so that it would fit on the memory of the iPods, iPhones, et al.....that they would never be able to include large enough memory to hold all of the data of full spectrum music. So, I just went with it and bought my music from iTunes and put it on my iDevices, cuz I'm just a schlep consumer with no say and going with the flow of what the market was providing. The devices are convenient for when I want portable music, and electronic purchases allow for buying music ala carte (1 song at time) rather than having to buy full albums, so there have been advantages to the technologies. But, with the music that I really really like, I still buy the CD and listen to the CD's in my home and in my vehicles. The sound quality is just so much better. If Beats figured out a way to deliver music with the high quality of Vinyl and CD's electronically and with ala carte pricing, I'm very very intrigued by the possible acquisition.
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