Motorola

Frontrunning: March 8

  • Firms Send Record Cash Back to Investors (WSJ)
  • And in totally opposite news, from the same source: Firms Race to Raise Cash (WSJ)
  • China warns over fresh currency tensions (FT)
  • Hollande faces pressure over jobs pledge (FT)
  • Obama efforts renew ‘grand bargain’ hopes (FT)
  • Shirakawa BOJ Expansion Gets No Respect as Stocks Cheer Exit (BBG)
  • Japan’s Nakao Defends Easing as China’s Chen Expresses Concern (BBG)
  • Boeing Had Considered Battery Fire Nearly Impossible, Report Says (WSJ)
  • ECB Chief Plays Down Italy Fears (WSJ)
  • China moves to make its markets credible (FT)
  • Euro Group head says UK at risk of 'sterling crisis' (Telegraph)

Frontrunning: February 12

  • The Man Who Killed Osama bin Laden... Is Screwed (Esquire)
  • G7 fires currency warning shot, Japan sanguine (Reuters)
  • North Korea Confirms It Conducted 3rd Nuclear Test (NYT)
  • Italian Police Arrest Finmeccanica CEO (WSJ)
  • Legacy, political calendar frame Obama's State of the Union address (Reuters)
  • China joins U.S., Japan, EU in condemning North Korea nuclear test (Reuters)
  • Wall Street Fading as Emerging-Market Banks Gain Share (BBG)
  • Berlin Conference 2.0: Drugmakers eye Africa's middle classes as next growth market (Reuters)
  • Barclays to Cut 3,700 Jobs After Full-Year Loss (BBG)
  • US Treasury comment triggers fall in yen (FT)
  • ECB Ready to Offset Banks’ Accelerated LTRO Payback (BBG)
  • Fed's Yellen Supports Stimulus to Spur Jobs (WSJ)
  • Libor Scrutiny Turns to Middlemen (WSJ)
  • Samsung Girds for Life After Apple in Disruption Devotion (BBG)

"The Winners Of The New World", Circa February 2000

Because humor is always the best and only cure to pervasive central planning that has made a mockery of traditional investing and capital allocation, and because nobody delivers unlimited sheer, unadulterated humor quite as well as one James J. Cramer when he is "recommending" stocks, here is the full text of Jim Cramer's "The Winners of the New World" speech delivered in February 2000. Because it really never is different this time.

Apple Working On Cheaper, "Commoditized" iPhone

In what may be very disturbing news for the AAPL-borg collective and the broader Hotel AAPLfornia, WSJ is reporting that Apple is working on a lower-end iPhone, a move which it dubs "a big shift in strategy as its supremacy in smartphones has slipped." To call this a big shift is a major understatement: no longer will Apple have the premium, ultra-luxury, aspirational product cache, which for a broad selection of its customers was the primary reason to keep buying iteration after iteration of the company's releases and lining up in droves around the block on release day. Especially since anyone seeking a "cheaper" iPhone could just buy a previous generation iteration of a gadget whose new product launch cadence is now jumping to twice a year, soon thereafter three times, and so on. Yet saddest for all those who have watched the progress of this iconic company over the past decade from the sidelines regardless of sentiment, the consumer products "Ferrari" that Steve Jobs built, just announced it is launching its own Yugo.

Frontrunning: December 24

  • Global Currency Tensions Rise (WSJ) - in other words, when everyone eases to infinity, nobody eases
  • EU to give Spain, France more time to cut deficit (Reuters) - But not because their economies are not "recovering" fast enough, oh no.
  • As we expected, Grupo Bimbo considering a bid for Hostess' snack cakes and bread brands (NY Post)
  • Time for bus-control: Eleven children killed in latest Chinese bus crash (Reuters)
  • Greece Should Write Off Billions of Overdue Taxes, Report Says (BBG) - not all taxes in perpetuity?
  • India clamps down on gang-rape protests, PM appeals for calm (Reuters)
  • But Meredith Whitney said... Push for Cheaper Credit Hits Wall (WSJ)
  • For Greece, last major austerity package, says eurozone official (Kathimerini)...  "unless there is another one"
  • Americans Miss $200 Billion Abandoning Stocks (BBG) ... and two flash crashes... and $15 trillion in artificial central bank props
  • Goldman Sachs Takes Long View Over Payouts (FT)
  • Cliff Would Strike Low Incomes Hard (WSJ)
  • Afghan policewoman kills US police adviser (AP)
  • For Sale in Japan: Electronics Assets (WSJ)

Frontrunning: December 20

  • IMF Demands Partial Default for Cyprus (Spiegel)
  • Boehner's 'Plan B' Gets Pushback (WSJ)
  • Beijing criticises US ‘political checks’ (FT)
  • White House Said to Tell Business Groups Talks Stall (BBG)
  • NYSE tries to get hitched again: IntercontinentalExchange in talks to buy NYSE (Reuters) -> N-Ice coming?
  • Greece faces ‘make or break’ year (FT)
  • Fed rejects idea of consensus forecasts, "maybe forever": Fisher (Reuters)
  • Rajoy Drives Spanish Revolution With Low-Cost Manufacture (BBG)
  • Italian Senate Set for Budget Vote Before Monti Resigns (BBG)
  • BOJ Loosens With Pledge to Review Inflation Objectives (BBG)
  • Bowing To Abe, BOJ To Review Price Goal (WSJ)

Frontrunning: December 11

  • Fed Seen Pumping Up Assets to $4 Trillion in New Buying (BBG)
  • China New Loans Trail Forecasts in Sign of Slower Growth (BBG)
  • U.S. "fiscal cliff" talks picking up pace (Reuters)
  • Insider-Trading Probe Widens (WSJ)
  • U.K.'s Top Banker Sees Currency Risk (Hilsenrath)
  • Three Arrested in Libor Probe (WSJ)
  • Nine hurt as gunmen fire at Cairo protesters (Reuters)
  • Egyptian President Gives Army Police Powers Ahead of Vote (BBG)
  • Pax Americana ‘winding down’, says US report (FT)
  • Japan Polls Show LDP, Ally Set for Big Majority (DJ)
  • HSBC to pay record $1.9 billion U.S. fine in money laundering case (Reuters)

Frontrunning: December 4

  • Two weeks ago here: The Latest Greek "Bailout" In A Nutshell: AAA-Rated Euro Countries To Fund Massive Hedge Fund Profits... and now on Bloomberg: "Hedge Funds Win as Europe Will Pay More for Greek Bonds" (BBG)
  • Oracle sends shareholders cash as tax uncertainty looms (Reuters)
  • GOP Makes Counteroffer In Cliff Talks (WSJ)
  • Iran says captures U.S. drone in its airspace (Reuters)
  • IMF drops opposition to capital controls (FT)
  • Vogue Editor Wintour Said to Be Possible Appointee as U.K. Envoy (BBG)
  • Juncker Stepping Down French Finance Minister to Head Euro Group? (Spiegel)
  • Australia cuts rates to three-year low (FT)
  • Europe’s banking union ambitions under strain (Reuters)
  • EU Nations Eye New ECB Bank Supervisor Amid German Doubts (BBG)
  • Frankfurt's Ambitions Get Cut Back (WSJ)
  • House Republicans Propose $2.2 Trillion Fiscal-Cliff Plan (BBG)

Frontrunning: October 25

  • Japan grapples with own fiscal cliff (Bloomberg)
  • Japan Protests After Four Chinese Vessels Enter Disputed Waters (Bloomberg)
  • Asian Stocks Rise as Exporters Gain on China, U.S. Data (Bloomberg)
  • An obsolete Hilsenrath speaks: Fed Keeps Rates Low, Says Growth Is Moderate (WSJ)
  • ECB Said to Push Spain’s Bankia to Swap Junior Debt for Shares (Bloomberg)
  • Spain’s Bad Bank Seen as Too Big to Work (Bloomberg)
  • China postpones Japan anniversary events (China Daily)
  • Carney Says Rate Increase ‘Less Imminent’ on Economy Risk (Bloomberg)
  • Credit Suisse to Cut More Costs as Quarterly Profit Falls (Bloomberg)
  • Obama offers a glimpse of his second-term priorities (Reuters)
  • Draghi defends bond-buying programme (FT)

Google Reports Early: Huge Miss Sends Stock Plunging

Google is down over 8% as it reported earnings early and surprised to the downside...

  • GOOGLE 3Q REV. EX TAC $11.33B, EST. $11.83B           
  • GOOGLE 3Q ADJ. EPS $9.03, EST. $10.65
  • Q3 REVENUE EX-TAC $11.33 BLN VS EXP. $11.83 BN
  • Q3 NETWORK REVENUE USD 3.13 BLN

Full EDGAR filing below...