The normally reticent Japanese investors – long accustomed, or even resigned, to public subtlety and backroom wheeling and dealing – are becoming fed up with this system and are becoming quite brazen in their protests. And very direct, as well.
According to a Nomura Securities Co. Ltd. research report cited here by several news media outlets, more than 70% of individual shareholders intend to vote against management in upcoming elections and on specific issues. Normally, shareholder votes are essentially “rubber-stamp” affairs, pretty much signing off on whatever management wants, so this is an earth-shattering change.
Published by Bapcha Murty //
Billionaire investor George Soros thinks the worst of the global financial crisis is behind us.
In a June 20 interview with Polish television, the Hungarian-born Soros acknowledged that this has been the most serious crisis he’s seen in his lifetime, but said, “Definitely, the worst is behind us.”
For those that like to interpret “Soros-speak,” that’s as powerful a sign as any that one of the world’s most successful investors is “going long.”
Published by Bapcha Murty //
Documents brought to light by key by congressional investigators hightlight real disagreement between top-level U.S. Federal Reserve officials about how it should address the Bank of America Corp.(NYSE: BAC) acquisition of Merrill Lynch & Co. Inc. are almost certain to fuel the ongoing congressional debate over the central bank’s push to expand its authority over the U.S. financial system.
Published by Bapcha Murty //
U.S. President Barack Obama took a swipe at Wall Street yesterday (Wednesday) as he unveiled a sweeping 85-page proposal to reinvigorate government regulation of the U.S. financial markets by giving the Federal Reserve new powers to supervise the economy.
Published by Bapcha Murty //
As a partner of [company name deleted - as it was recently formed], I attended the Analysts’ Day at nVidia on June 16, 2009. Excerpts follow.
Published by Bapcha Murty //
Posted on June 9th, 2009 in Uncategorized
Among the companies that we looked at in the prior article, many can be eliminated with ease. So, let’s get the job done systematically.
a. Applied Materials. With pristine financials and the enviable position as the #1 purveyor of machines that the semiconductor industry needs to make their chips, Applied flies through the initial screen.
b. [...]
Published by Bapcha Murty //
Posted on June 9th, 2009 in Uncategorized
Semiconductor sales for 2009 will be down anywhere up to 25% from about $250 Billion in 2008, and with sales exceeding 2008 levels only in 2012 or 2013. ASP’s [average selling price] for all memory makers is in the trash, and for high-margin companies like Linear (LLTC), Maxim (MXIM), Analog Devices (ADI); their sales to [...]
Published by Bapcha Murty //
Today – April 22nd 2009 was Intuitive Surgicals’ investors’ day. Apart from a rehash of numbers from Q1 2009, and a predictable slate of votes, there was much to be impressed, and I learned a lot more than I thought I would from the meeting. My notes outline my impression of ISRG’s products and management.
Published by Bapcha Murty //
What was cutting-edge back in the 1970’s – in the days of mainframe computers and centralized computing is new again. I am talking about virtualization. The current version of virtualization is significantly different in that the computing equipment need not necessarily be centralized. In fact, in its current iteration, distributed “clouds” of computers can be configured to work as a virtual server, or if there is an excess of centralized computing power, that can be fractioned into multiple servers. When one talks about virtualization, or “cloud computing”, the first company that comes to anyone’s mind is – VMWare. But VMWare is controlled by EMC. So, is it better to buy into VMW – or is it better to buy into EMC ?
Published by Bapcha Murty //
Madoff hooked a whole bunch of investors. Here, we “categorize” these investors into seven types and highlight what their “investing mistake” was. Hopefully, this piece is both educational and entertaining.
Published by Bapcha Murty //
