InterDigital (IDCC) possess a considerable amount of intellectual property. When Motorola Mobility (MMI) was bought by Google (GOOG) , there developed considerable excitement in the market about patents. InterDigital put itself up for sale. InterDigital wanted to strike while the iron was hot. Iron has cooled and InterDigital has not
ETFs mentioned in this article include GLD, IAU, SLV, DGP, UGL, and AGQ. Gold fell $54 Thursday. Most gurus were expecting gold to go up due to increasing instability in Europe. Spain conducted a dreadful bond auction, in which it was forced to pay 6.975%, just shy of the 7%
On our Western Digital (WDC) position we are lowering the stops on a 5% tranche to $25.32 and another 5% tranche at $25.36. Also taking profits on a 15% tranche at $25.20. In these volatile times when we have a quick profit like we have on Western Digital, it
The reality is beginning to set in that yesterday’s move on Western Digital (WDC) was excessive. The news of supply agreement with SAE Magnetics is positive for the next three months, but after that it should make no difference. EU approval of Hitachi deal was expected so there was
Western Digital (WDC) is in the business of disk drives. The stock has moved up strongly on European Union approving acquisition of Hitachi unit and a supply agreement with SAE Magnetics. None of these developments help the long-term deterioration of the disk drive business. Our plan is to slowly keep
Short sold a 10% tranche at $26.82. Also limit orders at $26.98, $27.23, $27.44 and $27.73 for 5% tranches.
Chevron (CVX) and Transocean(RIG) are down on the reports of a big oil leak from a rig located close to the coast of Brazil. Neither Chevron nor Transocean has denied or acknowledged the leak. Chevron has issued a statement that the valve has been killed.
In a small study at The Arora Report, accuracy of Apple (AAPL) Siri voice recognition trumped Google (GOOG) Android voice recognition. The study involved reading a page of text by five different persons to Apple Siri and three android devices in a room with moderate conversational noise.
Cray (CRAY) stock is trading strongly higher after it was announced that University of Illinois’ National Center for Supercomputing Applications has struck a $188 million multi-year deal with Cray. Cray will provide XE6 and XK6 models. These computers will incorporate Opteron CPUs from Advanced Micro Devices (AMD) and
IBM (IBM) can now count Warren Buffett as owner of over 5% of the stock. Buffett has built his $10.7 billion stake in IBM over the last two quarters. This is Buffett’s first big technology purchase. Investors may want to observe caution in following Buffett into IBM as