Reading Time: 2 minutes Bear case RIM (Nasdaq: RIMM) missed both top line and bottom line in Q1, and issued not so strong outlook for Q2. Read news from Reuters for more details. Q1 revenue is $2.24 b vs. expected $2.27 b; earning was $0.84 vs. 0.85. While I think missing of bottom line is understandable because of spending
Reading Time: < 1 minute I did not take too seriously of iPhone when it was launched a year ago. But I was wrong. My initial thought Apple jumped into the mobile phone world with a touch screen smart phone, with way too much fan fare (remember the Ads on CNBC, CNN etc?). Well, now I think it set a
Reading Time: 2 minutes K-touch (Tianyu 天宇or天语, benephon), a Chinese Shanzhaiji maker a few years ago, reached the top spot in domestic brands (in terms of sales). It sold 17 million handsets last year, beating all the big boys (Ningbo Bird, Xiameng Amoi, Lenovo Handset), and plans to sell 30 millions this year. Recently it also raised 530 m
Reading Time: 2 minutes I planned to write more about China telecom re-org (revamp, reform) after the recent announcement. Now the CFA test is over, I have more time to think about this. A few days ago I read this interesting Chinese article which describes some foreign investment banks actions after the re-org news (Appendix). Let me try to
Reading Time: 3 minutes (Update May 26 11:35PM) Just found the Google finance has the wrong EPS and PE ((EPS 2.62, PE 29.92) for CHL. Yahoo finance has the right number for CHL: ttm EPS $3.08, PE 25.44 as of Friday May 23. Market sentiment GS downgrade (Bloomberg): the ladies at Goldman Sachs cut the rating of 0941 (China
Reading Time: 2 minutes The re-org of China telecom/wireless industry started officially, with the China Mobile Group acqusision of China Railway Telecom (Teitong), a small fixed line operator. The news drove down the stock price of China Mobile (0941.HK, NYSE:CHL) sharply lower today. Many pundits, speculators and short term investors are worrying the golden (monopoly) days of China Mobile
Reading Time: < 1 minute Two important news about China wireless arena yesterday. 1) China Mobile finally started the long awaited trial of TD-SCDMA 3G network (read Chinese news story 1 , and 2 from XinhuaNet). Some features of 3G include the video conference/phone, TV program, etc. 2) The new (lower) roaming fees takes effect. I think 2) may have
Reading Time: 2 minutes There were some big news in the US wireless arena last week. Verizon and AT&T won the auction of some new wireless spectrum, Google did not win the spectrum (see the details at NYTimes). Do you know how much Verizon paid for the new spectrum? $9.6 billion. Imagine a similar scenario in China, how much
Reading Time: 3 minutes As you may aware, terrible things happened in Lasha (China) a few days ago. It is reported 5 young girls who worked for an apparel shop were killed in the riot (in this particular case, arson set by the thugs). I noticed the last text message one of the girl sent to her father is:
Reading Time: < 1 minute I found AT&T offers iPhone 8GB refurb for $249. Here is the link. As of now the regular iPhone 8GB is $399 at Apple or AT&T store. I think one has to sign up the AT&T data plan to use some of the web features of iPhone. I could be wrong. Also, I found this
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