I got to play more with my Nokia 5800 XpressMusic (XM) phone in the weekend. The following are the things I tried.
1) Video playback: I found there are some Nokia sample videos and a .wmv video (transferred from my PC Windows media player). Both played without problem. However, when I copied some Apple Dev movie (mpeg-4 format?), it only plays the audio.
2) Game: the Bounce game comes with the phone is a bit challenging for me, as you may know I don’t play computer or smartphone game often.
This one. Use coupon code TP2GK4X1DTX0C8 (expires June 3) during check out. It comes out $229 + tax (after $50 mail-in rebate). Slightly cheaper than Amazon ($290 after $50 main-in rebate). Dell also offers Nokia N85 at $247 + tax (with $50 main-in rebate).
It’s payback time. Now that “green shoots” are everywhere, many banks, big or small, want to return the TARP money. It seems to me this government effort rescuing the financial system is pretty much like miracle, only 6 months ago, I remember it was like the sky was falling. Now everyone is healthy, at least healthy enough to get government out of the board room. But there are a few twists on returning TARP money.
1) Returning money is not as easy as getting it (AP news). Paulson pretty much forced the big banks to take the money. As to return, the banks have to prove they can stand alone (without the help from government). One example of standalone means they can issue debt without FDIC gurantee.
2) Also, the government faces a choice of how to deal with the money being returned? I have not read the original bill, but I can fully understand the congress, and Paulson & associates did not expect the money being returned that fast, they probably did not expect the money being returned at the time. Now Mr. Geithner is act in ad hoc way again, he is saying the money can go back to community bank (AP news again). But, with the recent stigma attached to the TARP, and pending government intervention on executive compensation, who would want to take money from the Uncle Sam???
PS, the T-mobile Nokia 1661 arrived. I immediately slip my current T-mobile SIM card, and it worked. More interestingly, the FM radio works.
(Update) The phone sold by T-mobile USA appears only works in the US. See the spec at Nokia USA web site here. Quote the spec “Operating frequency Dual-band GSM 850/1900 MHz”.
(Original) Saw the deal from dealsea. Here is the link to T-mobile. Nokia European site has more details spec for the phone. It looks can be used in the US and China besides Europe. Quote the spec “Operating frequency Dual-band EGSM 900/1800, GSM 850/1900”.
I hope I can use my current T-mobile SIM card with the phone. I always like Nokia phone, for this phone one cool feature I like is its FM radio. Now I can not wait for the arrival of the phone. Got a little tired of my SamSung A437 phone (used a little more than 1 year).
While we are heading to $4 gas (partly thanks the weak dollar), not all are victims of this trend. Think Google or IBM. Google (GOOG) and IBM reported blow out earning, while cell phone maker Nokia (NOK) reported so-so earning (or outlook) last week. One key difference is the reported currency, Google and IBM reported results in USD, while NOK reported in Euro. We all know Dollar lost a lot ground to Euro in past year, since GOOG and IBM did a lot business in Europe (and internationally), their earning and earning growth is exaggerated by the depreciation of dollar. Nokia is hit by the opposite force. A more important question to ask is: can the dollar continue to slide vs. other currencies? Personally I would not bet on GOOG or IBM if their growth is mostly from the currency effect…
ICBC, Goldman Sachs, China Invest Co. and Blackstone
I started pay attention to the mobile phone and service providers lately. In fact I bought some China Mobile (CHL) shares about 2 weeks ago (bought it a bit early again 🙂
Nokia: the balance
Nokia is the No. 1 brand in China as shown in baidu Shouji (cell phone) report. One thing I noticed during my last visit to Shanghai is Nokia set up a service center near Zhongshan park. Being in Midwest USA, I have not seen things like that and was a bit surprised. Why Nokia pay the extra attention to the customer services, now that they are already No. 1? One reason, I can think of, is they want to make sure their customers can get better services from authorized places, rather than going to those blackmarket and get their phones fixed.
Mittal is the largest steel maker in the world. I happened to watch the CNBC interview of its CEO this morning. I checked the chart (Google Finance) of Arcelor Mittal (MT), it went up 2129% in 5 years. I also happened to see the Nokia (NOK), a stock I traded in 2004, it went up 132% in 5 years.
So when I paid attention to all these latest fashion, trends, gadgets and cell phones, the old boring steel stock brought great return for its investors. I need to rethink my investing strategy now 🙂