stlplaceLast Updated on January 10, 2007 by stlplace
Well, just a day after Steve unveiled the iPod phone (so called iPhone by many people, don’t know whether Steve actually used that name). Cisco obviously did not appreciate that its very own iPhone name being used…they filed a lawsuit. As we know, those kinds of lawsuits are about money, I bet there are some happy lawyers in Sillicon Valley today. Another picture from engadget.
Last Updated on January 11, 2007 by stlplace
I heard about the “angel investor” term a while ago, but I have not thought seriously about their profiles, their networth, etc. This is until recently I thought about doing this myself, I mean providing seed money for some Internet startup in China.
I think in general angel investors are rich people 🙂 As a minimum they should come up with 10,000 to 100,000 (USD? CNY?) to get a company started. My favorite “angel investor” story is when the two Google guys got started, one Sunday morning they went to the home of Sun Microsystems cofounder. The Sun guy listened to their pitch for a few minutes, liked the idea, but he needed to go to church. So he gave them a $200,000 check. We all know the rest is the history.
Last Updated on January 10, 2007 by stlplace
I was on shopping spree on stocks lately. Since I bought the Panera Bread (PNRA) last Friday, this Monday I bought some Telestone (TSTC), a Chinese wireless equipment maker; on Tuesday I bought some Ninetowns (NINE), a China based software company not new to me because I lost money on it in the past 🙁
These are two speculative plays. Telestone recently moved from Amex to Nasdaq, and it is posed to benifit from the 3G services adoption and Olympics in China. Ninetowns’ software business is stablizing after one year and half’s transition period; it also is building up B2B services through tootoo.com and globalmarkets aquisition.
I only took a small position on these two as they are a bit speculative right now. As you may see from their stock prices (about $9 for TSTC, and about $5 for NINE). I am going to hold them for longer time. I was reading Philip Fisher’s “Uncommon Profits in Common Stocks”, one thing amazed me is Phil will hold a stock as long as its fundamentals are good. I guess great investors like Buffett and Fisher all have great patience 🙂
Last Updated on January 9, 2007 by stlplace
It’s not the first time Apple jumped into the mobile phone party, they teamed up with Motorola and came up with this RAZR. Obviously Steve Jobs is not satisfied with that, and today at MacWorld show he unveiled the iPod Phone (or iPhone as people call it, although legally Cisco owned that name). If you are really curious, here are some pictures at engadget. It will be interesting to see how this will affect the Palm and Blackberry’s sale.
Last Updated on January 9, 2007 by stlplace
on 8 am ET Jan 16. Here is link to web conference. And the dial in instruction can be seen here.
I don’t have any EDU shares.
Last Updated on January 9, 2007 by stlplace
It’s official, the United Airlines won the battle. It will fly from Washington Dulles to Beijing, connecting two capitals. It appears to me American Airlines was the front runner but their pilot union doesn’t want to fly more than 15 hours from Dallas to Beijing, and that basically pulled AA out of race. I was thinking Continental’s New York and Shanghai route makes more economic sense because they are financial centers of the two countries. But obviously politics played a role here. With two existing routes from North America to Shanghai (San Francisco, Chicago), UA will have the biggest presence in US China routes.
Last Updated on January 9, 2007 by stlplace
That’s from Andy Xie, former chief economist for Morgan Stanley (Asia), here is the link. The article is in Chinese. Basically he is saying the high PE ratio of Chinese domestic stocks can not be justified by the growth of economy. The profitability of company and the prosperity of economy are two separate things. Among the factors pushing up the stocks prices, he mentioned the growth of mutual fund industry and the slow housing market.
Last Updated on January 8, 2007 by stlplace
My roommate, an American guy in his mid 20s, has been looking for a house (condo, duplex) for a while. By “a while” I meant he probablly have done this for about 9 months. I understand he has many reasons for this long process: first he was new to St. Louis when he relocated from another state to here, i.e., he need some time to get familar with the area; then comes the stagnant real estate market, in the down market everyone is waiting, as a buyer he certainlly don’t want to see the price drop after he buy the house; and most important of all, I believe he looked too many houses. I don’t know how many places he actually saw, but when he showed me the web listings from time to time, talked about the pros and cons of this house vs. that house, I know he looked too many.
Last Updated on January 8, 2007 by stlplace
The party is finally here. The ticker symbol is 601628 (not available at Yahoo Finance yet), it was priced at 18.88 (lots of 8 here). And it could go to 30s (note I usually make wrong guess, so take it for what it worth…)
The ticker symbol in Hongkong is 2628.HK (from Yahoo Finance). And LFC is the ticker symbol at NYSE.
Disclosure: I don’t have any postions on this.
Follow up (08Jan07, 7:48PM Central time): it opened 37.00 Yuan, up 96% from 18.88.
Last Updated on December 18, 2007 by stlplace
I prefer value fund in my 401K. This is from what I read (don’t remember exactly where) and from looking at the returns of funds in my 401K. Barrons’ statistics confirmed this. The worst growth fund is large cap growth. I don’t have any of those.
Go “values” 🙂