By helping Greece, Italy, Iceland cheat, Goldman is losing its reputation and business rapidly.
The world is turning against Goldman.
Given the bad quarter of the market, GS for sure was miserable in its trading business.
According to a reliable insider source, Applle will introduce a new wireless device called iMoney that can be used as a check book wirelessly connceted to one's bank account. The iMoney will servve as personal money manager.
The price for iMoney will be $499.
The cut was based on old information.
I think teh stock ahs priced in enough bad news. The world is not coming to end, the HDD business is here for many years to come, and more importantly STX won't disappear any time soon.
STX is still making money.
FED has cut the rate to zero..........and banks are pling up with cash..........it has to go somewhere.
If the rest of world in stocks are all up, why not AAPL?
The drop is mainly due to low volume shorting. there is nothing in substance that should have crashed this stock this much.
It is fun to watch AAPL closes up above $100 today.
Lenovo still has interest. but it is this "national security" issue that stands on its way. It was told that US government will never apporve such a takeover.
Lenovo tried to buy AMD sometime ago and had to walk away. It was told that AMD could be sold to anyone but China and Russia.
At $4-5 share, it would be best interest for employees and share holders to take this company to private themselves.
next year will be better than most people believe. Did you read report yesterday from semi that the lead time for most semiconductors chips is only two weeks?
This is NO inventory in the channel.
agree with 200%.
Seagate may be one of the companies that has the highest manager/engineer ratio in the nation. In some of facilities, especially R&D, the manager/engineer ratio is as high as 1/4-1/5. The ratio has to come down to 1/20 to make sense. This means, 70% managers have to either go back as engeers or leave the company.
It is the writing on the wall.
Sad for employees again. The company could have cut 20% off its fat managers' salaries to save thousands of workers and engineers.
At $2.5B, it becomes very attractive.
This company has $1.15B in cash, $2B in cash flow generated from operation. It is ridiculous that the stock is selling at $5/share, almost cash value of the company.
10 years ago, when HDD business was at depression, then-CEO, the founder of Seagate, big Al told his employees that it took him 20+ years (he started Seagate in 70s) to realize that making ice-cream is better business than making disk drives.
It is sad, but it was true, and still true today, may be true in the future. A complicated recording heads today may be sold at $2-3/piece, in the same price range of an ice-cream bar that anyone with IQ 50s may be able to make.
This "extreme" captalism (a term used by the Australia prime minster) is destrying the world. The destress created by "extreme" captalism may only be removed by a war.
Let's ask US government to bail out HDD industry.
at least the company makes money. That is a good sign.
when economy is like this, no one can be different.
I would be surprised if TXN open 5% or more lower. In fact, this may put a foor for the stock at least now.