Categories
Business gadgets

GM, China 3G standard

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We all know GM is in trouble financially. Its stock (NYSE:GM) is around $6, a 50 years low. A lot pundits made fun of GM and its stock on TV or the web space. But I have a different feeling for GM. Among many reasons, I think of two:

1) In graduate school I worked in project for an automotive supplier (supplier for the Detroit big three GM, Ford and Chrysler). I went to Detroit and the Renaissance center twice because of the project. I still remember the GM engineer always asks tough technical questions.

Categories
Saint Louis

Clinton, cheap gas, new job

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Week in review 10/20 to 10/25

Bill Clinton visits Kirkwood
President Bill Clinton visit St. Louis this past Monday (10/20), and we got a peek at the popular former president. I always admired Bill’s speaking skills. He did the job well: he was making the case for Obama. His main talking points are: on key issues like economy, healthcare and international relation, Obama is much better than McCain.

That’s the first time I saw a US president. We did bring the “My Life” book but did not get the signiture.

New job
From tomorrow I will have a new job, a technical consulting job which allows me work from home. Last I checked, the regular unlead gas price is $2.48 at the station near my home. Not much gas money saving from “working from home”.

Cheap gas and economy
Seriously, I think the cheap gas means two things:

1) The US economy is weakening quickly, US consumes 25% of world crude oil, when US reduces demand, the crude oil dropped from $147 to $60s in 3 months;

2) Relief to US consumers, it is reported one cent of gas price decline means $1 billion money saved for consumer. So from $4 a gallon (3 months ago) to $2.50 we already had a $150 billion economy stimulus.

Categories
gadgets

GPhone is here

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To be precise, it’s the G1 phone from T-Mobile, with the “G” software provided by Google. I did not visit the nearest T-mobile store by Panera, but I saw it from T-mobile web site.

T-mobile G1 phone GPhone

The paradigm shift in Smartphone market
About 3 months ago we have seen the debut of iPhone 3G, now with the GPhone from T-Mobile/Google, suddently the smartphone market in the US became crowded, esp. considering we are entering a recession.

Categories
Stocks

NRG, China Pacific, RIM, SanDisk, Thai natural gas car

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BUffett under water
Exelon put a bid for NRG yesterday, a bigger power (utility) for another smaller one, not all that interesting or surprising considering current market condition: the drop of share prices and the freeze of credit market (note the utility companies usually rely on bond market to finance its cap ex). But I saw a small twist: Buffett is still under water on his NRG share purchases, even after the Exelon bid. According to SEC filing, Buffett’s Berkshire Hathaway, bought 3,238,100 shares of NRG at $42.4 per share, in 2Q 2008 (source: gurufocus).

Rouge trader at Citic Pacific
According to Bloomberg, the rouge trader in Citic Pacific, a subsidiary of all-mighty China Citic Group, is going to lose 2 billion USD on un-authorized currency trade. Adding to the injury, the daughter of Citic Chairman Larry Yung (wiki), appears to be involved in the scandal. How many poor Chinese kids can go school with that money???

Citic Pacific logo

Categories
Saint Louis

Show me state becomes a hot spot

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I am talking about the attention it gets from the presidential candidates, their supporters and the media. We already had the biggest event for Obama (100,000 people) showed up on Saturday at Gateway Arch. Today Monday Oct. 20 we had McCain, he spoke in St. Charles in the morning and will go to Kansas city this afternoon. Last but not least, President Clinton, will speak at Kirkwood high school tonight.

Here is a Google map of Kirkwood high if you are interested.

The big news media, CBS Katie Kouric, CNN John King, are also in St. Louis today. Finanlly the show me state and St. Louis got some national attention 🙂

Categories
Master Series

Buffett on the market

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New York Times Op-ed piece (10/17/08): Buy American. I Am.

Buffett article Fortune Magazine 11/10/2001: Warren Buffett on the Stock Market: What’s in the future for investors

You can read more Buffett and Munger stuff at Warren & Charlie page.

Categories
Saint Louis

Obama Rally at Gateway Arch

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Not endorsing Obama, but it’s interesting to hear a voice from a regular Joe who attended the event. Here is a link if the player below does not work. It is estimated 100,000 people attended the event.

Categories
Business

Ingersoll Rand

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Company web page; Google Finance; Yahoo Finance; quick facts on Trane unit.

2Q 2008 results (Bloomberg), released on Aug 1.
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Ingersoll-Rand Co., the maker of Thermo King and Hussmann refrigeration equipment, said second- quarter profit rose 26 percent after acquiring air conditioner- maker Trane Inc.

Profit from continuing operations climbed to $262.5 million, or 90 cents a share, from $208 million, or 68 cents, a year earlier, matching analysts’ estimates. Sales grew 38 percent to $3.08 billion, the Hamilton, Bermuda-based company said today in a statement.

The results include about three weeks’ worth of sales from Trane. Ingersoll-Rand completed the $9.6 billion purchase June 5, creating a climate-control business that spans refrigerated truck parts, display cases and ventilation systems. The combined company is forecast to post sales of $17 billion this year as Chief Executive Officer Herbert Henkel expands the company’s industrial products after exiting construction machinery.
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Categories
Economy

Why American should stop bickering trade: I

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Ten years ago I did a bit research on the imbalance of China US trade, for a speech to be given in Public Speech class. The imbalance (US deficit, China surplus) grew significantly in last 10 years, with the American manufacturing jobs moving to China, this is again a hot topic in the election season. Politics aside, we ask the following question again.

Who is benifiting from the China US trade?
I noticed this post from my friend Wang Jianshuo’s blog. I haven’t read the book, but I have heard lots of media coverage on the US on this China trade (mostly negative comments), such as this one (book review, quoted from above) “(this is) essential reading for anyone concerned about how dangerous pet food and clothing manufactured in China make it into American stores…”

Essential? Really? I think for the first part, the author should go to China, visit some plants there, talk to Chinese people, before jump into such one-sided and biased conclusion. Being a Chinese professional who have studied, worked and still live in the US since 1997, I have seen many stuffs made in China, and I believe I have some authority on this matter.

Categories
Fun

Why mess with Chinese ADRs ???

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According to cnanalyst: only two were up YTD: VisionChina (VISN) and NetEase (NTES, found by the fellow from my hometown Ningbo).

Here is the list of top 5 and bottom 5. The first percentage number is the percentage change of Year to date. Your truely managed to picked up SPRD from the bottom 5.

Rank Company (Stock Symbol) Year-to-Date Change 10/15/2008 End of 2007
1 VisionChina Media Inc (NASDAQ:VISN) 32.9% 11.30 8.50
2 NetEase.com, Inc. (ADR) (NASDAQ:NTES) 10.3% 20.91 18.96
3 Sohu.com Inc. (NASDAQ:SOHU) -9.3% 49.43 54.52
4 Asia Time Corporation (AMEX:TYM) -11.4% 3.10 3.50
5 eLong, Inc. (ADR) (NASDAQ:LONG) -12.8% 7.22 8.28
……
129 Spreadtrum Communications, Inc. (NASDAQ:SPRD) -87.8% 1.50 12.26
130 China Southern Airlines Limited (ADR) (NYSE:ZNH) -88.3% 7.63 65.46
131 HSW International, Inc. (NASDAQ:HSWI) -88.8% 0.70 6.23
132 LJ International, Inc. (NASDAQ:JADE) -90.6% 0.54 5.72
133 China GrenTech Corporation Limited (ADR) (NASDAQ:GRRF) -90.9% 0.80 8.84