38 Topics
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I want to get to the impact of the current economic crisis on tech workers, but first a word on U.S. Treasury Secretary Henry Paulsen, who engineered the mammoth $700 federal bailout of Wall Street with your tax dollars. And your kids' future tax dollars, and their kids' future tax …
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According to the Associated Press article, "[URL="http://news.yahoo.com/s/ap/20100706/ap_on_hi_te/us_tec_technology_consolidation;_ylt=Aue.2rGwfTjg.EXFBurPtDIjtBAF;_ylu=X3oDMTMwZ2I5cjU2BGFzc2V0A2FwLzIwMTAwNzA2L3VzX3RlY190ZWNobm9sb2d5X2NvbnNvbGlkYXRpb24EY3BvcwMxBHBvcwMxBHNlYwN5bl90b3Bfc3RvcnkEc2xrA3RlY2hjdXN0b21lcg--"]Tech customers question industry's takeover spree[/URL]," large technical companies have absorbed smaller tech companies to the detriment of their customers although these tech "sponges" say they're doing it "for their customers." How can there be such a disparity between the reality of customer pain …
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The bearish global economic environment just keeps adding pressure to technology stocks. As gross domestic product (GDP) drops in bourses around the globe, tech traders are nervous, at least for the short term. Take Japan. The Land of the Rising Sun is seeing a decline in GDP, falling to the … 
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The stock market held its gains of earlier today, although doubts about how financial companies are going to raise capital when their balance sheets are in complete disarray are prevalent on the street. The Dow was up 70 points and the Nasdaq up 18 points - thus providing some relative … |
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It almost seems out of place – like a spritz of a lilly inching up through the crusted snow after a long winter – to report some good economic news these days. But there it is, in the form of an investment forecast by the investment bank UBS that says … |
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Both the Dow and the Nasdaq are flirting with positive territory today, thanks in part to one biotechnology stalwart, Amgen, which is up three points in trading. Why? Well, the Street is getting excited about life sciences stocks again, as several research reports hit the street suggesting that the biopharm … |
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Call it a tale of two headlines: "Microsoft and Yahoo in talks again on online unit": 30 Nov 2008/Reuters "Microsoft-Yahoo deal "total fiction:" 30 Nov 2008/Reuters So which is it? One of the key players originally mentioned as a possible replacement for Yahoo CEO Jerry Yang has told a Wall … |
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Trying, ever so hard, to find some good news amidst the doom and gloom on Wall Street. At least the market went up for a second straight session, with the DJIA up 400 points on Monday trading; that after rising 500 points last Friday. Investors seemed cautiously optimistic about the … |
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The invaluable Tech Ticker pour more gasoline on the fire we started yesterday on the historical decline of the U.S. stock market in 2008. Says TT; "Any way you slice it, the 2008 is shaping up to annus horribilis for the U.S. stock market. Heading into Friday's session, in which … |
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"Jerry, how can we miss you if you won't go away?" Such was the refrain from Yahoo investors for months on end, who could only watch helplessly as the company lost $20 billion in value under the reign of Jerry Yang. Sure, it's not all Yang's fault. The economy cratered … |
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Barrons has a great article today on how tech industry chief information officers and chief financial officers can't keep up with the free-fall in consumer spending. That's why we're seeing so many downward adjustments in industry revenue estimates that, right now, seem to be spread way out into 2009. The … |
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Monday through Wednesday of this week saw some of the worst damage to investors in stock market history - over $1 trillion lost in shareholder value. Buyers inched, and then flooded in after the S&P 500 bounced back from a trough that veteran traders hadn't seen in years. That triggered … |
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The stock market is in apparent free fall again this morning, with the Dow Jones Industrial Average down 387 points and the Nasdaq is off 56 points. Global markets are particularly hard hit, with Japan's stock index down 10% - at lows we haven't seen since 2003. Weirdly, gold and … |
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Last week, in the middle of the worst stock market meltdown since the 1930's, U.S. Secretary Henry Paulson called on some of the banking industry's leading lights to figure a way out of this mess. Paulsen, with Lloyd Blankfein (Goldman Sachs), John Mack (Morgan Stanley), Vikram Pandit (Citigroup), Jamie Dimon … |
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At the end of trading today (Friday) it looks like the stock market won't end up in positive territory, but it will come close - an event every trader and investor on the planet planet will take in a Wall Street minute. No rhyme or reason why, it just seems … |
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The stock market seem to be stabilizing, aided by news that the Federal Reserve will buy up short-term debt in order to get companies financially interacting again. I won't get into the gruesome details, but buying up short term debt (known as commercial paper on Wall Street - a mechanism … |
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Well, as they say in Vegas, in for a dime, in for a dollar. Or in the case of the Congressional bailout that President Bush wasted no time whipping out his sharpie and signing into law, how about $700 billion? The revote in the U.S. House of Representatives was never … |
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The stock market seems to be playing a waiting game with a Congressional bailout taking on a new shape in Washington. I’m hearing about a new bailout plan that would raise FDIC insurance limits from $100,000 to $250,000 and would include some kind of capital gains tax relief to ease … |
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Some good news - rare good news - from the U.S. stock market late today as reports and rumors seem to point to a new U.S. government agency to assume and/or manage bad debts for financial services companies. The new agency, similar to the Resolution Trust Corp of the early … |
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Last week saw a potential top in commodities prices, as both oil and gold prices seem to have stalled out from their upward march in 2008. That should have spelled relief for the stock market, which has been down by 13% in 2008, as measured by the Dow Jones Industrial … |
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I've written about the importance of knowing your investments before you buy them. You might remember the story about Fidelity Magellan mutual fund legend Peter Lynch, who would spend his Saturdays walking around Boston looking to see where shoppers were spending their money. Then he'd invest Magellan's money in the …
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Information Week has a great piece out on how IT CEO’s are riding out the rough economy. Surely, the 266 hike in the Dow Jones Industrial Average today, thanks to lower oil prices and a report indicating increased consumer sentiment, should soothe the jangled nerves of even the most downcast … |
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Looking for a “relief rally”? That’s what Wall Street calls a temporary lull in selling that could lead to a more sustainable uptick in broad-based stock prices. Usually, it’s one industry that feeds the bounce-back and Kevin DePew, an analyst and editor at Minyanville.com, which tracks the stock market, says … |
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With the stock market down 300 points, once again thanks to high oil prices (now over $140 per barrel), technology stocks should be directly in the line of fire. But they’re not – and some big shot investors think the technology sector might even be a good defensive stop-gap until … |
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The stock market is taking another major hit today after consumer confidence numbers came in well below expectations. The Conference Board, which measures the monthly consumer confidence number, reports that June’s number fell to 50.4%, down from 57% in May. Big investors had been anticipating consumer confidence numbers in the … |
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Harris Associates is typically one of the better value strategists out there - especially when it comes to finding value in technology stocks. One reason is why is the stock-picking acumen of chief information officer David Herro. He was interviewed on Tech Ticker this morning and had some interesting things … |
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Tech stocks have been lagging along with the rest of the stock market so far in 2008, but its long-term prospects are much, much better. So says Imran Khan, a JP Morgan senior analysts who specializes in the telecom and Internet markets. Khan is one of my favorite analysts and … |
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This morning's Tech Ticker drew a bead on short-sellers who saw a wounded beast in Google and bet that the stock would go down this month - even though sellers weren't really sure what Google's 1st quarter financials would look like. Well, they know now. As I said yesterday, Google … |
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I’ve been tough on Google this year, and with good reason. Part of what I do is write about how technology impacts the financial fortunes of companies and Google has been losing market share to the lousy economy and to other web portal developers in recent months. Look at online …
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It’s a big day for semiconductor stocks, with an upbeat forecast from chip giant Intel boosting stocks in other semiconductor companies and giving the overall market a nice bounce, as well. Through mid-morning trading, Intel is up $1, to $22 per share. Other chip companies are following suit . . … |
The End.