1) Howard Schultz, Chairman of Starbucks, talked about competition from McDonald and Dokin Donuts. Starbucks is not an advertiser. If other companies are going to advertise and promote specialty coffee, Starbucks is going to benefit in the long term,” he said. 2) iPhone price cut and iPod touch launch: Steve Jobs announced Apple will cut […]
That’s the new services to be offered by two great companies: Apple and Starbucks. According Seattle Post Intelligence: Apple’s new wireless iPod music player, iPhone or any laptop computer running iTunes will automatically recognize the iTunes store without a connection fee when customers enter a Starbucks shop that has Wi-Fi access.
I read its earning report this morning (Shanghai is 12 hrs ahead of US EDT). They reported an inline quarter. In the past that could send the stock tank. Not this time, because the stock has been down 27% since Jan 1. The expectation is already very low. With a PE about 33, and revenue […]
1) StrengthTrader listed the greatest investors of all time (in Chinese). Among them I am familar with Buffett, Fisher and Lynch. I think Bill Miller is the Peter Lynch in current Mutual Fund world. 2) Alibaba is hiring, they are adding 2,000 people by the end of 2007. Meanwhile, Ali’s little bro Ninetowns is shrinking, […]
But the controversy is not over. Here is a Chinese article talking about the “culture misunderstanding between China and the west”. On a related matter, people are wondering those “American Express” sponsored boards (in English) should remain.
in Japan. I read this news from MSN that McDonald is going to open McCafe stores in Japan. Quote the news: “The Japan unit of U.S.-based McDonald’s Corp. will launch 15 pilot “McCafe” stores in the Tokyo area on August 29, according to a company release. The stores, the burger chain’s first foray into the […]
People who bought the Blackstone (BX) at its IPO debut (around 35), will regret “chasing hot stocks” now. I don’t know how the Chinese State Investment Co. (who took 8% stake at around $3 b) felt about this. Oh well, they are in this for long haul. Crocs stock (CROX) got a hit today. Barrons […]
The stock got another hit today as its CFO says that: meeting the high end of the coffee shop chain’s 2007 earnings forecast will be “very challenging” due to rising dairy costs and slowing sales growth in its U.S. business,… It seems high gas prices are really hurting them, in two ways. Some customers have to […]
Mop is less cool (pacific epoch): Mop, the Chinese teen social networking web sites, became less cool because it did not turn on the Air Condition to save utility cost. Separately, Mop’s parent Co., Oak Pacific, is not going IPO very soon. Starbucks to offer salad (Starbucks Gossip): so that they can offer a one stop shop for lunch customer? […]
Went to a newly opened Starbucks at Olive and Price yesterday. This is a very nice place, compared to the one at Olive and Craig (much older). The traffic there was OK consider this was Sunday morning. A lot things are against Starbucks business lately, according to a guest at CNBC this morning.