The Money Pit
The Street is still buzzing about Apple and its amazing quarterly performance numbers, boosted by solid iPod and iPhone sales, especially in the month of March.
Apple’s stock is selling at $125 per share right now, but there is no shortage of analysts who believe that stock price is a steal,... (Read More)
Featured Apr 23rd, 2009
It’s no secret that one big key to unlocking the business and consumer technology spending lockbox is easier credit from banks and other lenders.
On the surface, the better-than-expected earnings news from big banks like Wells Fargo, Goldman Sachs and JP Morgan Chase gave a much-needed boost to... (Read More)
Featured Apr 22nd, 2009
Will the tech sector lead an economic turnaround? Forbes.com thinks so.
This week, Peter C. Beller writes that Monday’s IBM revenues numbers and the fallout from the proposed Oracle and Sun Microsystems could lay the groundwork for an economic rebound.
I’ll get to the IBM numbers in a moment,... (Read More)
Featured Apr 21st, 2009
I want to get to GameStop and the overall video game market, which finally seems to be losing steam.
But tech is going nowhere until we straighten the banking mess out and this week’s earnings report from perhaps the biggest bank out there - Citi – is being falsely touted as a harbinger of a... (Read More)
Featured Apr 17th, 2009
So much for a “glimmer of hope”.
Wall Street is looking more skeptically at claims from Washington that the economy is getting better. The stock market is down about 45 points in late morning trading, after more layoffs were announced by U.S. companies (Yahoo (YHOO) being one of them – see... (Read More)
Featured Apr 15th, 2009
Google stock was up yesterday, down this morning and everyone has an opinion for the yo-yo effect currently frustrating Google investors.
At the top of the list of issues is actually a projected issue – Google’s first quarter earnings which come out on Thursday. The sentiment is a downward one... (Read More)
Featured Apr 14th, 2009
President Obama – who only weeks ago warned of the greatest financial meltdown since the Great Depression if his $1.1 trillion stimulus package wasn’t passed by Congress - now says that he sees a “glimmer of hope” that the financial trauma is ending and that things could be... (Read More)
Featured Apr 13th, 2009
If you’re holding shares in Saleforce.com (StockQuote: CRM) it might be time to sell.
So says Wedbush Morgan analyst Michael Nemeroff. The analyst slashed his rating on Salesforce.com from “hold” to “sell” and says that the online sales giant’s current stock price of $36 is about $10 ... (Read More)
Featured Apr 9th, 2009
Is it time to get back into the market?
I don’t think so – if it walks like a sucker’s market, talks like a sucker’s market, and squawks like a sucker’s market, it’s a sucker’s market.
Tech Ticker’s Aaron Task agrees. He says today that the U.S. still haven't dealt with the bank... (Read More)
Featured Apr 8th, 2009
The Nasdaq is down 43 points this morning, with Google (down $12) and RIMM (down $3) leading the charge down the hill, so to speak.
I think we’re seeing the first symptoms of anther false bottom, which sounds incredible after hearing from so many experts on Wall Street that the end of the... (Read More)
Featured Apr 7th, 2009


