Dell

Tyler Durden's picture

Frontrunning: October 7





  • A U.S. Default Seen as Catastrophe Dwarfing Lehman’s Fall (BBG)
  • Software, Design Defects Cripple Health-Care Website (WSJ)
  • Gunmen kill 5 Egyptian soldiers near Suez Canal, 2 people die in blast (Reuters); Egypt death toll rises to 53, streets now calm (Reuters)
  • Three retailers sell Apple iPhone 5C for $50 or less (Sun Sentinel)
  • New American Economy Leaves Behind World Consumer (BBG)
  • Dow's Exiles Often Have Last Laugh (WSJ)
  • Macy's Puts China Online-Expansion Effort on Hold Amid Economic Slowdown (WSJ)
  • Gold Befuddles Bernanke as Central Banks’ Losses at $545 Billion (BBG) - just ask the BIS gold selling team: they are unbefuffdled
  • Markit Group Said to Avoid U.S. Antitrust Claims as EU Proceeds (BBG) - being owned by the banks has benefits
  • Paulson leads charge into Greek banks (FT) - and scene for the Greek banking sector
 
Tyler Durden's picture

Quad Witching Day Has Quiet Start





It has been a quiet start to Quadruple Witching Friday (expiration of stock index futures, stock index options, stock options and single stock futures) but expect that to change, as erratic price action is a recurring hallmark of Quad Witches, especially with persistent low volume and markets that tend to shut down for no reason. So far stocks have traded steady in Europe this morning, credit spreads widened and Bunds traded in positive territory as market participants positioned for the much-anticipated German elections which are to be held on Sunday, with exit polls to be made available after the close of polling stations at 6pm local time. Ahead of that, and as reported here previously, Germany’s AfD Eurosceptic party could win enough support in the general election on Sunday to gain seats in the German Bundestag, an opinion poll published for a leading newspaper has forecast for the first time. Basic materials and utilities underperformed in Europe, with RWE trading sharply lower in Germany after the company announced plans to cut its dividend by half (and with the Adidas fiasco yesterday, one wonders just how bad things in Europe really are).

 
Tyler Durden's picture

Frontrunning: September 13





  • U.S., Russia to push for new Syria peace talks (Reuters)
  • Elite Syrian Unit Scatters Chemical Arms Stockpile (WSJ)
  • Obama to nominate Summers as Fed chief: Nikkei (Reuters)
  • Boehner Wants Joint Talks on Debt, Budget (WSJ)
  • House Republicans go for broke in fiscal battles (Reuters)
  • Pimco, BlackRock Together Received More Than a Quarter of Verizon's $49 Billion Bond Deal (WSJ)
  • Insane financial system lives post-Lehman (Gillian Tett)
  • JPM to add $2.5 billion to its litigation reserves in the second half of the year (WSJ)
  • Goldman’s Zurich offices visited over working-hours complaint (FT)
 
Tyler Durden's picture

Frontrunning: September 12





  • Syrian Rebels Hurt by Delay (WSJ), U.S. seeks quick proof Syria ready to abandon chemical weapons (Reuters)
  • Lavrov Brings Acerbic Pragmatism to Syria Meet With Kerry (BBG)
  • Five years after Lehman, risk moves into the shadows (Reuters)
  • U.S. shares raw intelligence data with Israel, leaked document shows  (LA Times)
  • Japan to raise sales tax, launch $50 bln stimulus (AFP) - so 1) lower debt by sales tax, then 2) raise debt through stimulus.
  • Blackstone’s Hilton Files for $1.25 Billion U.S. Initial Offer (BBG)
  • Second Life Bankers Thrive in Dubai as Boutiques Boost Fees (BBG)
  • Brussels probes multinationals’ tax deals (FT)
  • Wall Street's Top Cop: SEC Tries to Rebuild Its Reputation (WSJ) ... and fails
  • Tablet sales set to overtake PCs (FT)
  • The end of angst? Prosperous Germans in no mood for change (Reuters)
 
Tyler Durden's picture

Frontrunning: September 11





  • Obama Holds Fire on Syria, Waits on Russia Plan (WSJ)
  • China Shadow Banking Returns as Growth Rebound Adds Risk (Reuters)
  • Not one but two: Greece May Need Two More Aid Packages Says ECB’s Coene (WSJ)
  • BoJ insider warns of need for wage rises (FT) ... as we have been warning since November, and as has not been happening
  • California city backs plan to seize negative equity mortgages (Reuters)
  • Home Depot Is Accused of Shaking Down Suspected Shoplifters (BBG)
  • Most-Connected Man at Deutsche Bank Favors Lightest Touch (BBG)
  • Norway Pledges to Limit Oil Spending (BBG)
  • China Shadow Banking Returns as Growth Rebound Adds Risk (BBG)
  • Gundlach Says Fed Is Mistaken in How It's Ending Easing (BBG)
 
Tyler Durden's picture

Frontrunning: September 10





  • Obama Shrinking Second-Term Hastened by Syria Opposition (BBG)
  • Obama says Russian proposal on Syria a potential 'breakthrough' (Reuters)
  • Poll Finds Support Fading for Syria Attack (WSJ)
  • France to Introduce Resolution Aimed at Dismantling Syria's Chemical Arsenal (WSJ)
  • Apple to Unveil IPhones Seeking End to Year of Struggles (BBG)
  • Verizon Plans Largest Debt Sale Ever: Proceeds From Deal, Expected to Raise $20 Billion, Would Fund Venture Buyout (WSJ)
  • Shipping Rates Seen at 2010 High on Record Ore to China (BBG)
  • Ads coming to Twitter: Twitter makes its largest acquisition, a mobile ad company (FT)
  • Houses on fire as fighting erupts in southern Philippines (Reuters)
  • Banks Seen at Risk Five Years After Lehman Collapse (BBG)
 
Tyler Durden's picture

Herbalife Options Signal Large "Volkswagen"-Like Short Squeeze Bet





While Carl Icahn admits 'modest' defeat on the Dell deal, he remains neck deep in Herbalife, and as we illustrated back in February, and warned earlier in January, it seems someone is betting right alongside him on a massive short-squeeze - a la Volkswagen. It would appear, someone decided that today was the day to buy 1000 lots (100,000 shares) of Jan 2014 $105 calls (implying an expectation of a 65% surge in price from here) and funded that by selling 1000 lots of the Jan 2014 $95 calls. Whether this is a hedge for Ackman (fearing the worst) or someone betting on an 'event' across the one-year anniversary of Ackman's big bet is unclear. One thing is for sure, if this pays off, we will see more tweets from the man himself...

 
Tyler Durden's picture

Carl Icahn Is Done With A "Totalitarian, Dictatorial" Dell





The 77-year old billionaire twitterer extraordinaire, Carl Icahn, shows everyone just how it's done, making a levered profit in the process, but not before he lets a few sharp barbs out to tell everyone just how he feels.  To wit: "We jokingly ask, “What’s the difference between Dell and a dictatorship?” The answer: Most functioning dictatorships only need to postpone the vote once to win.... One of the great strengths of our country is that we abide by the rule of law.  However, state laws dealing with corporate governance often favor incumbent corporate boards and management and are weak in many areas.  While we must abide by these laws, we believe that they can and must be changed.  Among many other things, boards should not be able to treat elections as totalitarian dictatorships do; where if they lose, they simply ignore the results.
"

 
Tyler Durden's picture

Frontrunning: September 9





  • Hedge Funds Cut Back on Fees (WSJ) as we predicted would happen in May
  • Syria's Assad denies chemical weapons use; U.S. presses case for strike (Reuters)
  • Unemployment Falling for Wrong Reason Creates Fed Predicament (BBG)
  • U.S. tapped into networks of Google, Petrobras, others (Reuters)
  • Chinese Zombies Emerging After Years of Solar Subsidies (BBG)
  • Monte Paschi doubles planned capital hike to 2.5 billion euros (Reuters)
  • Loan Size to Be Cut for Fannie, Freddie (WSJ)
  • Japan Growth Revision Opens Door to Sales Tax Rise (FT)
  • Inside the End of the U.S. Bid to Punish Lehman Executives (NYT)
  • Financial Crisis: Lessons of the Rescue, A Drama in Five Acts (WSJ)
  • Time Warner Joins IBM in Health Shift for Retirees (WSJ)
  • Mideast Derails Key Issues in Congress (WSJ)
 
Reggie Middleton's picture

Microsoft Finally Bought Nokia As I Suspected, Now Will They Do The Right Thing?





Microsoft now has the hard assets and IP resources to be true competitor. The question now is, "Do they have the managerial talent to do so?"

 
Tyler Durden's picture

Frontrunning: August 29





  • UN Insecptors to leave Syria early, by Saturday morning (Reuters)
  • Yellen Plays Down Chances of Getting Fed Job (WSJ)
  • JPMorgan Bribe Probe Said to Expand in Asia as Spreadsheet Is Found (BBG)
  • No Section 8 for you: Wall Street’s Rental Bet Brings Quandary Housing Poor (BBG)
  • Euro zone, IMF to press Greece for foreign agency to sell assets (Reuters)
  • Brothels in Nevada Suffer as Web Disrupts Oldest Trade (BBG)
  • U.S., U.K. Face Delays in Push to Strike Syria (WSJ); U.S., U.K. Pressure for Action on Syria Hits UN Hurdle (BBG)
  • Renault Operating Chief Carlos Tavares Steps Down (WSJ)
  • Vodafone in talks with Verizon to sell out of U.S. venture (Reuters)
  • Dollar Seen Casting Off Euro Shackles as Fed Tapers (BBG)
 
Tyler Durden's picture

Frontrunning: August 26





  • Bankers Brace for Fed Wind-Down (WSJ)
  • A Veteran Saudi Power Player Works To Build Support to Topple Assad (WSJ)
  • Gunmen shoot at weapons experts' vehicle in Damascus: U.N (Reuters) - as long as it's not drones
  • ECB Council Members Split in Jackson Hole Over Rate Cuts (BBG)
  • Fed Officials Rebuff Coordination Calls as QE Taper Looms (BBG)
  • As Egyptians Ignore Curfew, Talk of a U.S.-Brotherhood Conspiracy (NYT)
  • Pipeline-Capacity Squeeze Reroutes Crude Oil (WSJ)
  • Lawmakers Probe Willful Abuses of Power by NSA Analysts (BBG)
  • Indictments Expected in Alleged Trading Code Theft (WSJ)
  • India’s ONGC takes Africa gasfield stake (FT)
  • Capital Flight Drains Reserves as Rupee, Rupiah Fall (BBG)
  • Banks scale back rates business (FT)
 
testosteronepit's picture

US Tech Companies Raked Over The Coals In China





The “cloud” in China is corporate nirvana: a high-growth tech sector in a high-growth country. Or was. And it’s showing up in the numbers.

 
Reggie Middleton's picture

Have We Reached "Peak Premium Smartphone"?





The man who called the turns in RIMM/Blackberry, AAPL, GOOG and NOK answers this question in detail!

 
Tyler Durden's picture

Want To Be "Liked"? There's A Virus For That





There was a time when the shadier online "element" was mostly interested in procuring credit card numbers, usually from Eastern European sources, in order to turn a quick buck. However, over time, interest in credit card fraud declined and according to RSA the going rate for 1000 credit card numbers has now dropped to as little as $6. What has taken the place of monetary online fraud, is artificial "likability" and "popularity." Reuters reports that with the rise of social networking, instead of obtaining credit card numbers, hackers have used their computer skills to create and sell false endorsements - such as "likes" and "followers" - that purport to come from users of Facebook, its photo-sharing app Instagram, Twitter, Google's YouTube, LinkedIn and other popular websites. This can be seen in the costs charged by "service" providers: 1,000 Instagram "followers" can be bought for $15, while 1,000 Instagram "likes" cost $30. It is likely that the going rates for fake popularity on other online social networks, FaceBook and Twitter is comparable.

 
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