On Friday, Feb. 14, Cray Inc. CRAY experienced a meteoric rise of about 39%. Smart money took advantage of the strength and sold aggressively. Cray is in the business of super computers or high-performance computing (HPC). Let us start with a chart. As the chart shows, the stock closed at $41.66 up
Earnings season is in full swing, providing new data points for investors to reassess positions. After a careful review of IBM‘s latest report Tuesday afternoon, I see no reason to buy the stock at current prices. The risk-reward trade off is simply not favorable. IBM reported Q4 earnings per share of
On December 12, the Patently Apple AAPL website was first to report that Apple had filed for a restaurant-related patent. The stock market smelled what was cooking. The stock of Open Table, which specializes in restaurant reservations, fell from a high of $80.20 to a low of $74.65 before staging a mild recovery. In social
Tim Cook’s testimony before the U.S. Senate Permanent Subcommittee on Investigation has given much publicity to Apple ’s ingenuity at avoiding taxes. Although Apple is in the limelight, it is not alone in using complex schemes to dodge taxes. The crème de la crème of American corporations including Google , Microsoft , Cisco, and IBM use similar schemes to dodge
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) THE RALLY IS LONG IN THE TOOTH January 25, 2013 The stock market rally is long in the tooth. Our long time subscribers know
Cloud computing is hot. Even lay consumers who hadn’t heard of it only a year ago, not only know about cloud, but now they use it every day. If you are an Apple AAPL iPhone user, you are probably using iCloud. If you are a Google GOOG Android user and using
On October 12, 2011, I started a series on Forbes titled ‘œFuture of Apple.’ The first article in the series was ‘˜Tim Cook’s Leadership Determines Whether Apple Hits $100 or $1,000 Next‘. Now I have come across Apple’s plan to become a $1,000 stock. Obviously, the plan is
I detailed the attack by hackers on Symantec, the maker of popular Norton Antivirus software in my article, ‘œLords Of Kings Hack Norton Antivirus, Are You Safe?’ Subsequently, Symantec’s take on the hacking was detailed in ‘œSymantec Says Norton Is Safe After Lords of Kings Attack.’ Symantec had stated that
Some stock market gurus seem to have a fatal attraction to technology patents. While technology patents can certainly add to the performance of a stock, that attraction often fails to account for a number of factors affecting the value of the patents. Technology patents are very complex and understanding them
Symantec, maker of Norton Antivirus, has admitted to a major security breach by a group called the Lords of Dharmaraja, which in English means ‘˜Kings of Religion’. For background, please see my article from January 6th, ‘œLords Of Kings Hack Norton Antivirus, Are You Safe?‘ In the last piece, I