Bapcha's Stocks. The best insights into Silicon Valley & bio/pharma stocks, companies and their management.

Archive for July, 2008

The next ISRG.

Everyone wants to find the next Cisco, the next Microsoft, the next ISRG. ISRG has carved out a niche in the prostate surgery market – with the key buzzwords being POTENCY and CONTINENCE – enough to scare any self-respecting man to cower at the thought of near-castration [yeah, that includes me]. Forget the robotic arms, ...

Merrill Lynch – smart or stupid ?

07.29.2008 · Posted in CDO's., John Thain, MER, Merrill Lynch, Temasek

Merrill Lynch unloaded some $30.6 Billion in distressed CDO’s for 22c/$ to Lone Star, and issued $8.5 Billion in equity. The biggest buyer was Singapore’s Sovereign wealth fund – to the tune of $3.4 Billion. I think that while John Thain wanted to get Merrill on track as quickly as possible, twenty two cents a ...

Apple’s market share gains from the PC market will evaporate….

07.29.2008 · Posted in AAPL, Apple, Steve Jobs.

http://sanjose.bizjournals.com/sanjose/stories/2008/07/28/daily18.html?ana=yfcpc The real reason that I bought an iMac and a Macbook is because they were PC Compatible and had a transparent UNIX based architecture. If AAPL goes back to their proprietary architecture, I guarantee that their market share gains from the PC market will erode. In the world of computers, perception translates into sales ...

The flash market.

07.28.2008 · Posted in Craig Barrett., Intel, Paul Ottellini, SanDisk

Everybody is buying flash – but as usual, the manufacturers got too greedy and built too many NAND-capable Fabs. Even Intel got into the business with an inferior partner in order to get a piece of the action. The best thing that Andy Grove did for Intel was to get them out of the memory ...

Fannie and Freddie.

07.28.2008 · Posted in Alt-A Loans., Fannie Mae, Freddie Mac, Wells Fargo

I researched Fannie Mae, Freddie Mac, and Wells Fargo today, and my take is that all of the “accounting changes” that FNM, FRE and WFC have instituted in the last three months, makes their numbers fuzzier than ever before – leading to more uncertainty in the market. In the case of Freddie Mac, it was ...

ISRG – irrational exuberance ?

Here’s a quiz question – anyone remembers the day when Greenspan said the magic words “Irrational Exuberance” ? Answer: The day was December 5th 1996. Yes it was almost a dozen years ago….. Back to ISRG – a very well run company, and local [off Kifer in Sunnyvale]. Nice profit margins, explosive growth, etc. etc. ...