Silver was hit even harder than Gold.
Silve more than 5% drop in the rent month was accurately forecasted by gold-prediction
First iPad Air reviews solid, Apple sets $11B FY14 capex budget
"If you can afford it, the new iPad Air is the tablet I recommend, hands down," says Walt Mossberg after reviewing Apple's 5th-gen 9.7" tablet. Mossberg deems the thinner/lighter Air much more comfortable to hold for long periods of time than its predecessor, and managed to wring out 12+ hours of battery life in his test (20% above a promised 10 hours).
Though Alcatel-Lucent's Q3 revenue only grew 1.9% Y/Y (a growth rate that matches Q2's), job cuts helped the company's gross margin rise 480 bps Y/Y to 32.6%. A 5% Y/Y drop in SG&A spend to €514M, and a 3% drop in R&D to €566M, also bolstered Alcatel's bottom line.
CNET (4.5/5 stars) talks up the Air's design makeover, its improved front camera, and the "ridiculously fast" performance of its A7 CPU. But it wishes the tablet had an 802.11ac Wi-Fi radio and a fingerprint sensor.
After running benchmarks, AnandTech finds the Air's CPU performance beats that of rival Android hardware. GPU performance is also strong, but not as overwhelmingly; Nvidia's (NVDA) Shield handheld console (features a Tegra 4 processor) topped several benchmarks.
With prices well above those for comparable Android tablets (particularly for 32GB-64GB models), Apple is betting its hardware quality, brand loyalty, and unmatched tablet app ecosystem will allow it to once more post positive Y/Y iPad revenue growth following two quarters of declines.
Meanwhile, Apple has released its FY13 10-K, and used it to disclose an FY14 capex budget of $11B. That's 57% higher than the $7B budget created for FY13, and equal to 6% of estimated FY14 revenue.
Q3 free cash flow was still -€218M, though that figure is better than the year-ago period's -€366M. Net debt rose to €1.004B from €794M at the end of Q2 and €58M a year ago.A mix shift towards higher-margin router and mobile infrastructure sales also boosted Alcatel's gross margin. Router sales +7% Y/Y to €580M, wireless access +13% to €1.2B. On the other hand, fixed access (broadband equipment) sales only rose 0.7%, optical transport sales fell 1.8%, and IP platform (carrier software) sales fell 3.6%. Managed services, a low-margin business Alcatel has been cutting its exposure to, fell 28%
Fundamental Strength And Algorithm Endorse Alcatel-Lucent, article with this heading published on
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ALU price at this time July 22, was $2.12 it stands now on $3.78, up +78%
With respect to stocks being near-record highs and the Fed’s hand in that, Williams said the media talks more about stock prices than the Fed does. Williams said policy makers take economic data, household wealth, and money in the stock market into account, but they are not drivers of monetary policy.
ALU is planning to raise $2.7 billion to finance its recovery efforts.
Alcatel Lucent will issue new shares worth $1.29 and bonds worth $750 million. Management also revealed that they already secured commitment for a new $675 million loan.
What is the new shares base price?