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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
- Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only.
- Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.
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New from Apple (AAPL): 1) MacBook Pro, lightest and thinnest 17-inch notebook with NVDA chip and 8-hr. battery. 2) Three-tier iTunes pricing - $0.99, $0.69 and $1.29 - all songs DRM free by end of quarter. 3) iTunes to support 3G.
If it were an HP, or a Dell, yeah, that would be too much money. But this is a Mac, it is worth it, and not much more than the old 17" Macbook. (Which sold quite well, BTW.)
Was Amazon Behind iTune's Price Drop?
I think it's great that iPhones are for sale everywhere. IT's a good thing because literally everyone with a cell phone really WANTS the iPhone, and many of them are getting what they want.
Are Netbooks the Future of PCs?
Actually, your MacBook Air will run circles around ANY netbook, and at about the same weight. Granted, it is more expensive, but you already owned it. Why would you want to spend 2x as much and have to carry another device? How is the lame netbook going to cut it when the MacBook Air has Mac OS???
Recession Presents Challenge to Apple's Mac That Competes on Features, Not Price
MacWorld to Follow Floppy Disk Into Extinction
I won't miss it, and having to try to read through the live updates from multiple sites, etc... When they have something new, just announce it online with a video, etc...
And save all that travel, banner printing, etc... it would be much greener not to have it at all.
Apple Could Get a Boost From iPhone's Introduction to China
MacWorld, Jobs ... The Apple Saga Continues
People are moving to the Mac and the iPod/iPhone in droves. Apple is set for many years of growth, and is way outperforming any of the generic PC board pluggers. Even corporate bean counters are beginning to see how bad the windows 'competition' truly is. People don't even have to pay more money for the Apple brand.
I believe Jobs is in good health, but has digestive issues from the surgery. The man is a vegan, they aren't exacty fat people, ever.
We are used to seeing a lot of fat people, but often it's the skinny ones that live the longest.
Apple and Macworld: The End of an Era or Two
It's No Big Deal That Apple Is Pulling Out of Macworld
Apple skyrocketed after the close of MW Boston, and the doom and gloom prognostications surrounding it. The same people that constantly stir FUD and innuendo about all things Apple will do it about the MW cancellation, but the difference is, this will be the last time they can say that MW was a 'letdown' etc...
Mac Demand May Be Slowing
This says nothing of the iPod/iPhone with which Apple is devastating all of the incumbent gadgets. The 'iPod is declining' FUD hasn't caught up with reality--iPod touch is selling like hotcakes.... this their HIGH end model, BTW.
But it wouldn't be an Eric Savitz report if you didn't try to spread FUD about Apple, would it?
Apple Drops MacWorld: Good Move, But Likely to Start Another Steve Jobs Rumor
Dream on.
PC Sales Decent, Not Armageddon
It looks like Apple is going to name a successor to Steve Jobs at this final MacWorld. MacWorld Boston was shut down, too. Mac World SF was really hurting holiday sales as people would put off purchases during the holidays and wait for macworld.
Five Apple Predictions for 2009
I hope the Apple TV (not a computer box but an actual TV) becomes a reality. Most TVs are pretty ugly, Apple could make a very nice one. A TV with a computer interface similar to iPod touch, controlled by a device like an iPod touch, and the iPod/iPhone games would work on it.
Today is an opportunity to buy.
Five Apple Predictions for 2009
On Dec 17 09:08 AM jimmysmith wrote:
> the author obviously didn't see this: biz.yahoo.com/ap/08121...
Apple: Estimates, Target Cut on Weak Forecast of iSales
None of the Apple analysts Wall Street firms use to manipulate this stock are precient. Ms. Huberty has arguably the the worst track record of them all.
Who will you interview next, Eric--the mentally retarded? Michael Dell?