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Palm Pre Is No ‘iPhone Killer’
Palm Inc. (Nasdaq: PALM) can’t seem to catch a break.
Just days after its stock hit a 52-week high and its new Pre smartphone sold out in its Saturday debut, Apple Inc. (Nasdaq: AAPL) stole Palm’s thunder by announcing a new iPhone, the iPhone 3G S, and more importantly, cut the price on its existing 8 gigabyte model to $99-half the price of the Pre.
The move was a very shrewd one that will allow Apple and its iPhone to stay ahead of the pack in the smartphone industry. But Palm’s attempt to win a share of the market by releasing a smartphone…
11Jun2009 | Money Morning | 1 comment | ContinuedGlobal Investing Roundups
IMF Issues Bleak Forecest; McDonald’s Magic Earnings; Boeing’s Tailspin; ConocoPhillips Enjoys Oil Cushion; Wachovia’s Claim to Infamy; AT&T’s Expensive iPhone Habit; S&P 500’s Historic Slump; Financial Crisis Summit
- The International Monetary Fund (IMF) said yesterday (Wednesday) that U.S. economic growth would be flat or negative for the rest of 2008, and into 2009. In Canada, growth for 2008 will be about 0.3% but is projected to rise to 1.7% for 2009. Latin America and the Caribbean regions will grow at a 3% rate the IMF said.
- McDonald’s Corp. (MCD) said yesterday (Wednesday) that third-quarter profit jumped 11% with same-store sales, or sales at…
Global Investing Roundups
Gazprom Sees $250 Oil; Kenya Goes on $25 billion Spree; Vietnam Jacks Interest Rates to 14%; Oil Demand Slowing; U.S. Trade Gap Widens; Brazilian SWF; 3G iPhone Bobbles Apple Stock; XTO to Buy Hunt Petroleum
-Natural gas firm, Gazprom OAO (OTC: OGZPY) predicts oil would top $250 per barrel by the end of 2009, Chief Executive Alexei Miller said yesterday (Tuesday), speaking before reporters in France. Gazprom is the largest global gas producer with a market capitalization of over $330 billion, Reuters reported. The Russian firm expects to triple in size to become a $1 trillion company within the next seven…
11Jun2008 | Money Morning | Comments Off | ContinuedIndium IPO: Buy or pass on this rare-metal IPO?
There is a difference between investing and hoarding. Investors and traders buy and sell equities and assets to make money. Hoarders pile up assets in the hope of values rising. Converting them back into money is often not a priority.
The commodities supercycle has taken hoarding to a professional level. Commodities funds have been buying up gold, metals, oil, sidelining them from the market, increasing demand while reducing available supplies.
Shell games like this have become increasingly popular as panicked investors are fleeing real estate and stock markets toward the presumed safety of gold, oil and metals. The more pile in, the…
28Mar2008 | J. Christoph Amberger | Comments Off | Continued
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