But it entered the gerontology department for high pressure, high cholesterol, arthritis and rhumatism. There are few more years to live but at a much lower pace, kind of Microsoft pace.
Revenue around $41B to $43B which is only between 5% to 10% more than the equivalent quarter last year ($41-43B vs $39B), and no sandbagging.
No mention whatsoever of future earnings. Why? It has to be something they can't control like do they expect that big telecoms will lower their subsidies of iPhones and lower the earnings?
Something has changed, not for the better.
Bigger than ExxxonMobil at $417B.
Which one you think has more chance to keep it up in the next 5 years, a seller of electronic gadgets where fads can change on a dime, or an integrated oil company with refineries, huge nat gas and oil reserves, gas stations throughout the country and in a business that is crucial to any economic activity in the country?
To announce a brand new product, not a Tide improved iPad, iPhone or Mac.
And it has to be a product people will want badly.
Otherwise, whatever how good are their financials, investors will stay wary of the biggest market cap on the planet for a seller of electronic gadgets.
FUQI is seeking to be kicked out from the US market since 2009 by not providing any financials since 2008, but in a subtile way so that the US authorities will be the ones bearing the burden of FUQI dismissal. Each time FUQI was warned by authorities, they pretended wanting more time to comply.
For example in 2010, when they received the notice from the Nasdaq they requested a bogus extension of more than 4 months:
"The Company appeared before the NASDAQ Hearings Panel (the “Panel”) on November 11, 2010, subsequent to which the Panel determined to continue the listing of the Company's common stock on The NASDAQ Stock Market subject to an extension through March 28, 2011"
Of course FUQI never presented any financials on time and got delisted.
Afterward they got rid of all independent directors and lawyers. Even Marcum is not around anymore.
The recent extension until Feb 1st is another bogus attempt by FUQI the Fraud to pretend until the very last moment that they tried. On February, FUQI will disappear for good from the US market and shareholders will lose all the money that FUQI received from the IPO and the secondary offering, for a total of $175M, without any legal recourse.
A subtile fraud, perferct for the idiot investors still waiting!
IDIOTS! BIG IDIOTS! REAL BIG IDIOTS!
The idiot analyst should come back pretty soon on your screen to convince you that his target price is right aound the corner.
Each time an idiot comes with a stratospheric price target, you know that the top was reached, for a very long time.
Apple stockprice should always go up, never down, so the SEC has to stop sellers.
No one should ever talk against Apple, in a democracy like in USA, only the cheerleaders are allowed to speak.
Now, go and send your complaint to the SEC, on paper, not in e-mail, thus the authority will see your tears on your paper.
"margain call "
There is nothing worse than "margain" call ! It's like margarine on a toast in the morning...
When a company which is mainly selling two electronic gadgets, smartphone and tablet pc, reaches the highest market cap on the planet, anyone with a brain knows that this can only go downhill afterward.
The stockprice will hover around $600, until the end of the year, then it will start to dwindle.
At each pop up, take your profit, but forget the idiots with their $800, or $1,111 price target, unless you want to become real big losers at keeping a stock which has reached its mature phase.
"LIER...because your broke"
If you trade the way you spell, you must have a very high credit loss accumulated with the IRS.
No surprise he has a very good timing at selling and buying...
I shorted at $5.10 and covered this morning at $3.15
Will get back when the minnows are done buying and making Nada wealthier.
The director Nada, also manager of Granite Global, was able to grab some shares at the lowest of the recent drop or $2.72
Extremely lucky and staring at his trading desk all day long or great manipulator using different funds to push it lower then grab it.
And of course the perfect timing for the CEO to grant himself options at around the same time.
Next step, the CFO "managing" the numbers for the 4th quarter.
1-From 09-2011 with $36M in cash to 06-2012 with $24M in cash, it's called "eating cash". Dismal.
2-From 2008 with $89M annual revenue to 2012 with adjusted revenue forecast of $94M, or $5M increase in 5 years. Dismal.
3-From all 2011 to most recent Q 2012, all cash flow from operations is negative. Dismal.
4-Relationship with a company the size of an amoeba (Probability PLC) in gambling ,with total $10M annual sales and no profit whatsoever, not involved in any region known for their gambling habits (ex:Hong Kong, Macau,etc.) . Dismal.
So exciting, the next Apple for sure....
"And your here writing this for what reason?"
It must be because I am short since $5.10 and I give reasons why this flea is going nowhere except down.
Sorry groupie if I hurt your feelings about GLUU. Just play one of their games, you will feel so much better.