Domain: seekingalpha.com
Stories and comments across the archive that link to seekingalpha.com.
Comments · 281
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Burn Rate
The main problem with Tesla is that, as it sells more cars, the expenditure per car sold rises linearly. That means they aren't getting economies of scale. The more they build, the more they have to spend to support existing vehicles on the road. It isn't clear if it's a quality issue or management issue or support issue or whatever, as they aren't entirely transparent on these types of expenditures, but it's worrying.
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Re:Yawn.
The Toyota vs Tesla numbers is a point well made. However
Tesla relies on selling ZEV credits to other automakers to keep from going bankrupt. But other automakers only need a certain number of ZEV credits each year to comply with CARB regulations. So Tesla has to be careful not to produce too many ZEVs lest they cause the price of ZEV credits to plummet due to oversupply.
Can you provide evidence for this? An obvious alternative hypothesis is that Tesla would love to have much higher production, and are working as hard as they can to overcome the financial, organizational and engineering problems to be able to do so. Tesla say they will be soon be producing the model 3 in huge numbers, which means either they are lying, or they are abandoning the ZEV credit plan, or you are plain wrong. (Here is an article saying they are aiming for 400,000 to 600,000 per year, but also saying they can't realistically get over 230,000, and gives reasons entirely independent of ZEV credits.)
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Re:The Reason is Simple
FitBit and Apple own this space already, and no amount of Intel "magic" is going to get them to catch-up to those two widely disparate, but both widely successful, platforms.
Is Fitbit "successful"?
Fitbit: A Look Into Deteriorating Financials...
Okay, if you say so...
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Re:Government Subsidy
For instance, he pleas with the US government to stop giving him subsidies
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Re:Vehicle Ban?
>"I have no idea what marketing bullshit you've been reading to make you believe that electric cars will ever be *more* convenient than gas cars in any of our lifetimes"
Use your imagination. Not everyone drives just like you. In my case, I very rarely travel over 200 miles. For me, it would be far more convenient to plug in my car in my garage and have it always ready and "full", instead of going out and waiting in a line at Costco to get gas.
>"Yeah, no government planning, just massive government subsidies."
https://seekingalpha.com/artic...
>"Apart from incremental improvements, nothing sets Teslas apart from all the previous failed incarnations of electric cars except the massive branding effort."
Tesla has invested a tremendous amount of money, effort, and research in electric cars. Their battery technology, building methods, materials, engineering, software, and infrastructure set them way apart from other attempts. They produce extremely compelling vehicles, something real that can be purchased right now- they are just too expensive for most people. But that price has been steadily declining and not because of government intervention, bans, or artificial deadlines. Almost all technologies are incremental improvements, no matter what the industry/product/market.
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Re:Kennedys in the Enquirer
Does anyone wonder why every negative story involving the Tesla or Elon Musk receives coverage entirely out of balance with the rest of the Corporate news.
You will very seldom see a story lead with, "Chevrolet driver involved in accident due to mechanical failure!"
Musk's Dog caught in neighbor's garbage
Musk hypes everything up, he loves attention and so he gets attention in return. Plus, Tesla is a growth company with a lot of legitimate questions regarding sustainability (see link below), so the investment analysts are going to talk about it a lot. There are reports on other car companies, but their are fewer question marks with established companies, and those articles don't get posted on slashdot.
I would not invest in Tesla right now. I've never seen such shorting on such a large company, and from my experience the shorts are right a lot more often than wrong.
https://seekingalpha.com/artic... -
That's what a-la-carte is all about
> And still leaves you with 1/4 of what you'd be getting on cable.
I do not want to pay for "the 500 channel universe".
Some people don't want sports. They're leaving ESPN (and/or cable altogether) in droves. ESPN has dropped from 100 million subscribers in Sep 2010 to 88 million in Feb 2017 https://seekingalpha.com/artic... Other people want only sports. MLB / NHL / etc have streaming subscriptions.
The music industry is a good analogy. They were doing well financially in the 1950's through 1970's. Their biggest market was teenagers, with limited disposable income. Their hottest product was "the 45 rpm single" https://en.wikipedia.org/wiki/... with 1 song on each side.
Then the music industry got effing greedy, and dropped the $1 single in favour of the $25 CD. Teenagers with limited disposable income stopped buying due to sticker shock. Music sales plummetted... well... like... duhhhh.
The RIAA blamed piracy, but it was actually their own fault. Apple revived the concept of "the single, for $1", in digital format this time. Sales took off, and the music industry is making money again.
Going from a dozen bundled songs, most of which were crap, to a-la-carte, revived the music industry. If cable is smart, they'll follow the lead of the music industry, and unbundle channels so that people pay for only what they want.
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More Fake News from Drumpf
Here is a detailed explanation as to why this jobs report is totally fake news.
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Re:No data, pay as you go only.
Exactly! Google's Project Fi is an excellent solution if you take this approach, and very good for international calling as well. Here is a first-hand review.
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Re: STT-MRAM or bust
Looks like Intel is also working on MRAM
http://seekingalpha.com/articl...Intel has worked on everything. Intel knows what works and what doesn't. Just as importantly, Intel knows what is mass manufacturable and what isn't.
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Re:Cobalt
It's used in lots of different parts, but yeah, batteries over the last decade have become the primary industrial sink. See http://seekingalpha.com/articl...
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Re:Ukraine to the rescue
The An225 is a Soviet era design
Boeing 767 was also created in 1981 — and they still can't make enough of them.
hardly what anyone in 2017 should call"advanced".
It is neither computer nor software. It is a plane. US still flies B-52s (since 1955) and F-15s (since 1976).
and only one was ever built.
Yep — because Socialism of the USSR was not conductive to proper mass production.
The Netherlands, the Congo, the Philippines, the Bahamas etc...
If you want to use the short names of the countries, then it is, respectively: Holland, Congo-Kinshasa (or Congo-Brazzaville — in your ignorance, you aren't even aware there are two), Philippines, Bahamas. "The" may be part of a long name of a country, such as The Kingdom of The Netherlands...
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Re:We need more unlicensed spectrum
This is less agreed upon protocols and more of a wild west scenario. There was a long struggle to keep things compatible. see this article http://seekingalpha.com/article/3607276-clash-titans-qualcomm-earnings-beyond from a year and a half ago for some background. However, with Trump's new FCC, the writing was on the wall.
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Re:Not too surprising
In some parts of the world, unsubsidized solar is already the cheapest form of electricity. Each year panel costs keep getting cheaper too, which means the parts of the world where solar beats everything keep growing.
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I am sure his shareholders are thrilled
Is the Tesla 3.0 rebooted? This idiot is trying to run a car company and compete with BMW and Toyota by the seat of his pants. Tesla doesn't end well.
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Re: Dear Apple fans:
I don't know how this "they pay almost no taxes" think got started. They paid over $13B in 2015for US federal taxes alone. The beef people have with Apple is that they aren't paying US taxes on money made overseas by keeping it overseas. And they have been accused of having a sweetheart deal with Ireland, which Ireland denies.
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Apple Hater Numbers Wrong, news at 11
I never could understand why Appel Haters in particular seem to take such great pride in exhibiting ignorance of changes in the world around them, or such a poor grasp of math (only an Apple Hater reduces 15/100 to arrive at 1/3, and even 30/100 is not really 1/3)...
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Re: Same Would Have Happened to Nokia
There's plenty out there if you look:
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Re: Easier replacement
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Re:Part of the science CPC buried in Canada
The market capitalization of the coal mining industry is far higher than that. You aren't even in the right ballpark. Hell, Bloomberg has donated at least $80M by now to the Sierra Club for their Beyond Coal initiative. Their successful legal maneuvers against coal plants to close them down, stop them from being built, etc. have been quite impressive.
Sure, there are bankruptcies and mergers coming in the short term and it's going to be very hard actually get new coal plants built, but there is still at least another decade or so before something like you envision could happen. But that ignores countries that wouldn't allow you to purchase all their coal mines, such as China.
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Re: Fraud
Do you have any evidence that is happening? lots of innuendo gets thrown around, but I've seen no evidence of such action. Only assertions from conspiracy minded morons that they "must" be bribing people because genetically illiterate soccer moms don't like GMO, and because politically motivated foodies like Michael Pollan like to imply as much as a way to strengthen their own brand and sell more books/DVDs.
Monsanto is not the corporate behemoth every has been lead to believe. They are about the same size as whole foods or Kraft. Considering that they are an international company, and whole foods is US only, Whole Foods is actually bigger in the U.S. than Monsanto. Are you afraid of whole foods buying congress critters?
Also, Monsanto only has a 30% market share in the U.S., which he makes them SECOND to DUPONT with 32%. They've been trailing DuPont for several years. They'd be far better served trying to take market share back from their competitors than buying congressmen. http://m.seekingalpha.com/arti... -
Re:Conspiracy theory vs business plan?
Maybe this was the plan all along. Get a huge tax break, and get essentially free patents to troll with.
Nokia's patents ARE STILL OWNED BY NOKIA. Microsoft licensed some of those as part of the deal of buying Mobile devices business, but Nokia corp is still making money on the patent portfolio and by their contract, is free to start producing Nokia branded mobile devices in 2016.
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Conspiracy theory vs business plan?
Maybe this was the plan all along. Get a huge tax break, and get essentially free patents to troll with.
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Re:May finally get servers updated...
microsofts track record on their gaming studios:
FASA http://www.bit-tech.net/news/g...
Ensemble - shut down
Aces Studio - shut down
Xbox Entertainment Studio - shut down
Cabonated games - shut down
Rare - couldnt release one game as good as before they were bought and they used to have a lot of massive hits.
Bungie - split from microsoft in 2007 http://seekingalpha.com/articl...
Lionhead - has only really worked on one game franchise microsoft bought them - fable
Press Play - Who? Went from multi platform developer to windows/xbox only after purchase.
343 - founded by microsoft to make halo stuff
black tusk - founded by microsoft to develop future gears of wars games which microsoft bought off Epic.
Turn 10 - founded by microsoft, makes forza games for xbox only.
Twisted pixel - who? Makes windows/xbox games only
Big park - who? Makes stuff for the kinect only
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Re: News for Nerds?
In this case, I'm more likely to believe that Dice knows this is a sure-fire revenue generator. Look at the first thread - that's a lot of page reloads.
Of course, no one replying is likely to click an ad, but ads work on shear numbers, and presenting good numbers helps revenue.
And four, we had better results from Slashdot Media for the second quarter in a row.
Third quarter revenues increased $15 million or 29% year-over-year to $67.6 million. The majority of the growth, $13.2 million, came from businesses that we acquired over the past year. The rest of the growth came from improvements at Slashdot Media and eFinancialCareers.
...Slashdot Media revenues increased 30% year-over-year to $4.8 million, due to better optimization strategies, increased ability to deliver more B2B leads and product design changes that increased inventory....So I'll take Slashdot first. I think Slashdot really underperformed for a period of time. We made a number of changes over the course of the last year or so after looking at its performance. And I think there's a handful of things, John touched on a few of them before. But I think there's just a better focus in that organization now on monetizing the assets. I don't think that existed in the past. I think they tried to sell advertising and to sell advertising and sell lead generation. But I think our focus is -- was to step back and look at different ways to monetize the assets, and I think we do a far better job at that now, and I think we've done some work on streamlining the organization and made the organization more, what I would refer to as succinct. And so I think that's had a top line benefit and I think it's had a bottom line benefit. And now the margin in that business is comparable to the margins in our other high-performing businesses...
http://seekingalpha.com/articl...
Dice Holdings (NYSE:DHX)
Q3 2014 Earnings Call
October 30, 2014 8:30 am ETI don't know what "monetizing the asset" means, but they started by selling ads and then focused on reducing jobs. Does "monetizing the asset" include page clicks? I think so.
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Re:And how long does it take...
Superchargers aren't "free" - you pay $2K for access and then it's "free" for the lifetime of the car. This guy thinks that Tesla actually makes money on the program
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Re:Looks like some editorializing by the submitter
Some counterpoints to your trolling.... (found simply by searching "blackberry ltd" on Google News):
- Blackberry Handset Sales Rising
- Blackberry in Catbird Seat as Encrypted Messaging Enters Mainstream
- BlackBerry Wins Gold in Best in Biz Awards 2014 International
- Blackberry Q2 Sales Rising
- Blackberry shares lead TSX
- BlackBerry nabs ‘perfect match’ in Germany’s Secusmart, burnishing anti-spying security credentials
- Blackberry Receives DISA Approval for Multi-Platform Management
- The top bullish move of Wynnefield Capital was boosting stake in BlackBerry Ltd. (NASDAQ:BBRY) by over 60%
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Re: surpising
Well here's a counterpoint view:
http://seekingalpha.com/articl...It has a lot of charts and modeling that I don't understand, but at a high-level view, this analyst pins the lack of profitability to Amazon's revenues growing in less profitable business ventures while growing relatively slower in the more profitable business lines. In 2002, 78.8% of revenues were from Media, 19% EGM, and 2.2% Other. In 2014, it's 29.6% Media, 64.8% EGM, and 5.5% Other. Media has much bigger profit margins than EGM(electronics and general merchandise), and the company's weight has shifted heavily behind EGM. AWS has good profit margins, and will grow quickly as it's a relatively new and blossoming business arm, but it's unlikely to grow to the kind of size that would shift Amazon's sales mix away from EGM. Under this guy's reasoning, this means we can expect Amazon's profit margins to continue to bump along the bottom tied to the low margins on EGM, and can't foreseeably create the kind of high margins on EGM that would justify it's high share price, since it's an extremely price sensitive business. It makes this stock questionable in the long-term.
Nevertheless, I still bought shares today because it's a 10% discount off of one earnings report that doesn't show some kind of underlying catastrophe. They'll probably rebound to some degree within a year. And hey, I don't have that author's powers of analysis, but maybe Amazon's shotgun strategy of trying to find new ways to grow their business will find a winner (This latest phone isn't going to be it, but maybe something else will be).
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Re:Death bell tolling for thee....
Sure. Here's a transcript of the earnings call. (You may need to register to read it.)
Nadella does say, early on in his prepared comments, that, "We will streamline the next version of Windows from three operating systems into one single converged operating system for screens of all sizes."
Later during the Q&A session, however, he was asked about how this "one version for all devices" would change the number of Windows SKUs that are available, and he said this:
Yes. My statement Heather was more to do with just even the engineering approach. The reality is that we actually did not have one Windows; we had multiple Windows operating systems inside of Microsoft. We had one for phone, one for tablets and PCs, one for Xbox, one for even embedded. So we had many, many of these efforts. So now we have one team with the layered architecture that enables us to in fact one for developers bring that collective opportunity with one store, one commerce system, one discoverability mechanism. It also allows us to scale the UI across all screen sizes; it allows us to create this notion of universal Windows apps and being coherent there.
So that’s what more I was referencing and our SKU strategy will remain by segment, we will have multiple SKUs for enterprises, we will have for OEM, we will have for end-users. And so we will – be disclosing and talking about our SKUs as we get further along, but this my statement was more to do with how we are bringing teams together to approach Windows as one ecosystem very differently than we ourselves have done in the past.
Lots of hedging in there. You don't need a single, converged OS to give developers "one store, one commerce system, one discoverability system." Those are all ancillary functions. A "team with the layered architecture" doesn't sound like every version of Windows is going to share the same layers. And clearly nothing about Windows is going to be simplified from the customer's perspective; there will still be six or eight SKUs, with each offering different benefits.
Rather, I take Nadella's comments to mean he's streamlining the OS engineering group so that the people working on each Windows platform work in tandem with the others and they all have similar goals, milestones, etc (good).
I also take it to mean that Microsoft will offer developers who are building so-called Modern apps a common set of APIs that will be available on the various form factors, so they eventually should only have to write their apps once and they will run on every kind of device. That sounds OK, but it's only going to be true for Windows Store apps -- and to achieve that, you don't need every device to be running an identical OS.
In other words, no Holy Grail here, but Microsoft is streamlining and rationalizing its OS engineering efforts, which makes good sense at this juncture.
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Missing context....
New Mercedes electric minivan has a Tesla touch
Apr 17 2014, 08:04 ETMercedes-Benz (DDAIF) has started production of an electric B-class minivan.
Tesla Motors (TSLA) is providing the 28kWh lithium-ion battery and electric motor for the line.
The model will go on sale this summer in the U.S. -
Re:What if we overcorrect?
No climate model of note considers CO2 to be the only variable of note. However variations in solar output are very well understood and no, they are not particularly significant at all. Yes, there is broad consensus on this.
Yet CO2 emissions have continued nonstop for the past 15 years while global temperatures remain essentially unchanged.
Something else is having a larger effect on global temperatures than CO2. Either CO2 is warming less than expected, or something weird is making all that heat vanish, which seems like rather magical thinking to me.
As I said, the current models include proper statistical modelling that lets us have a probability of being correct. They are getting quite accurate and the error bars are steadily going down. As I said, its not sigma-5 type stuff yet, but its certainly accurate enough to start making precautionary policy on.
Can you show me even one model from ten years ago that correctly predicted the temperatures of the past ten years?
I don't care how many models you have that "post-dict" correctly, i.e. if you give them the historical data they produce a curve that matches what was actually recorded for that period of history. I care about models that made predictions that came true.
Because from what I have read, the models from 15 years ago all predicted more warming than actually occurred. I gave you one link about this already; here's another two:
http://hockeyschtick.blogspot.com/2014/03/new-paper-falsifies-climate-model.html
This is obsfucation based on the fact that the effects of CO2 are measured in kelvins, not celcius. Within the ranges of temperatures required to maintain human life however, the effect is extremely dramatic.
No, it is you who is obfuscating here. The claim is that CO2 is already doing about as much "greenhouse effect" as it can, that it is already blocking nearly 100% of the wavelengths that it blocks, and that increases in CO2 in the atmosphere have progressively smaller effects.
I gave you a link earlier, here's another:
Could you please provide a reference documenting the consensus position on how CO2 affects global warming?
We havent had 15 years of non-warming. That is a trope that is constantly repeated by denialists that has no basis in reality. In fact we've had significant warming. Please actually read scientific research on this matter instead of garbage from denialists.
And yet, you provide no link to support your position.
Here's another three links about the "pause" in global warming:
http://hockeyschtick.blogspot.com/2013/08/observed-rate-of-global-warming-half-of.html
[Global warming] might be [catastrophic]. It might not be. Try and not strawman
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Re:MS has become insignificant, to what they were.
Sure, not only will they be giving away the OS, but they'll be missing out on all the patent royalties that they extort from manufacturers of Android devices. I guess they are hoping that the benefits from possible future market share will outweigh current profits.
How much Microsoft receives from Android? I keep that for reference myself, just what I printed out as a PDF is now a 404
"In April of 2010 HTC settled with Microsoft and would pay the company a license fee for every Android device it makes. Speculation has it that Microsoft gets about $5 for every Android device HTC makes. But evidence points that Microsoft is aiming at milking HTC for $7.5 - $12.50 per Android device."
Links from the PDF
Microsoft collects license fees on 50% of Android devices, tells Google to “wake up”
http://arstechnica.com/informa...The Microsoft/Android war: Which patents are at stake?
http://ineedinfonow.wordpress....The see into the future article: why-microsoft-will-dominate-the-smartphone-space-its-android-os-cash-cow
http://seekingalpha.com/articl...
Pay to read site (second page)Another relevant article
HTC Is Paying Microsoft $5 For Every Android Phone
http://yro.slashdot.org/story/...Yes in the end Microsoft will be a patent troll.
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Why do we listen to Gartner?
Gartner has a terrible track record. If you see any article citing Gartner statistics or predictions, you are best served by ignoring and moving along.
http://www.zdnet.com/why-does-...
http://seekingalpha.com/instab... -
Re: Never Did Trust it
Correct only % of currency in the US exists in physical form, the rest are "bits" in computers.
Much like
.... bit coin...Good thing no one is tampering with the bit dollars....
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Re:Except No European Country Has Actual Austerity
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Re:Distributed security HEIST?
And people fall for this?
Yep, pretty much like how most of the people I know keep their wealth in USD in US banks.
Nobody said most people were bright.
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Re:Slashdot is cheering for,,,,
They didn't have consistent revenue, their smartphone unit was increasing both marketshare and revenue at a greater rate than either apple or android. Until Elop decided to release his "Burning Platforms" memo and trashed the company. http://seekingalpha.com/article/916271-how-stephen-elop-destroyed-nokia
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Re:Slashdot is cheering for,,,,
But apple and google were not kicking their ass. The truth is that until Elop took over, Nokia's smartphone division not only had more marketshare, it was growing faster than either Apple or Android. Elop destroyed that http://seekingalpha.com/article/916271-how-stephen-elop-destroyed-nokia
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Maybe skipping 20nm node?
During TSMC earnings call the CEO mentioned that there are tape-outs for GPUS for 16nm Finfet, but not 20nm - hinting that Nvidia and AMD will skip that node altogether.
"Specifically on 20-nanometers, we have received 5 product tape-outs, and scheduled more than 30 tape-outs in this year and next year from mobile computing CPU and PLD segments"
"On 16-FinFET. Technological development is progressing well, risk production is on schedule by the end of this year. More than 25 customer product tape-outs are planned in 2014, including mobile computing, CPU, GPU, PLD and networking applications. "
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Re:Let's just hope
. . . the same wonks that gave us so many failed DMV systems haven't found work in this sector too.
You're joking right? It's the exact same people.
SAIC is already in on the action.
That's the company that scammed New York out of all that money. -
Re:Much Noise, No Change
Texas Instruments seems good...
Except for the small problem that last year Texas instruments quit making SOCs for tablets and phones...
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Re:Biased benchmarks endemic in chip industry
Here's an excellent analysis of the implications for Bay Trail and its competitiveness against its big rivals Snapdragon (Qualcomm) and Tegra (Nvidia).
TL;DR version: the latter aren't shaking in their boots yet.
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M$ caused Nokia to tank
M$ did cause Nokia to tank. That was done via Elop. The topic of Elop comes up often at Tomi Ahonen's blog. He is the most accurate mobile forcaster around and has on multiple occasions enumerated the damage being caused by Microsoft's Elop at Nokia. Nokia was at the top of it's game when Elop killed it. The Linux phone that he stopped was getting better reviews than the iPhone. But at this point there's nothing viable left and he's even brought in more people from M$ than just himself to ensure that the damage is permanent. Most of the talent has been fired or left on their own. If you want to look for progress, you'll have to turn away from Nokia and towards Jolla. That's just a sample of what the state of Washington can expect with microsofter in charge.
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Re:so who is samsung going to sell to?
Short of buying someone with a fab, Apple cannot just buy a fab. They need the knowhow as much as the physical plant. What will happen is they will buy rights to the output of a fab for X years for Y dollars. They could also buy a small Fab firm, but there are not that many of those left. Who short of Intel and Samsung is down to 22nm? And we both know Apple is not buying Intel or Samsung.
How about Sandisk?
They're a 6 Billion dollar a year company in terms of revenue (about a quarter of Samsung), and with a market cap of 14 Billion they're quite purchasable.
The company has a shiny outlook thanks to the increase in flash prices this year, so I would think that a takeover bid would be graciously accepted right now.
They have their own NAND fabs, have a growing SSD business (vertical integration with desktops?). The only stick point I can see is the Sansa music players, which might get buried during the buyout.
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And on the other side of the coin...
Typical
/. we-hate-microsoft department. -
Re:Personal medical information
...MS says Outlook.com does not scan emails...
Microsoft is very grateful that you paraphrased what they actually said. You see, they actually do scan Subject headers, but not the body itself. But they don't mention that in their campaign and they're very happy that you assumed that they weren't scanning your email at all. But they are.
And Microsoft is certainly profiling you. Here's what they say:
And I'd assume if you didn't want any computer (not people) scanning (not reading) your emails, I'd assume you didn't want a computer tracking your profile/search history. But that's exactly what Microsoft does.
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Manufacturing
The US produces something like 18% of the world's GDP. It's silly to say the US can't manufacture things. There are problems with labor-intensive manufacturing, but manufacturing overall is still something that's done in the US.
But that is not even the point of the study. If you read the article, it mentions that at least some of the companies stayed in the US to do manufacturing (the article doesn't give numbers, it says "often they moved out of the US for manufacturing"). The problem they had was they couldn't find investors in the US. They had to find foreign investors. Sometimes they found foreign investors and managed to stay in the US for manufacturing, but there is the assumption that foreign investors encouraged manufacturing out of the US as well. THAT is what this study is about, not a poorly-informed speculation on the decline of US manufacturing. -
Re:Speaking of "Smear Campaigns"...Of course, Microsoft does have a machine parse your email (unless you have spam filters off). And Microsoft does target advertising based on personal details about you that they've identified. And they cross-reference your searches as well. But no, they don't mechanically scan for keywords in the contents of the email itself and use that to target ads.
Oh, and they do target ads based on the subject line of the email. But that's a completely different thing.
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Re:Sell it to China
Actually, multiple things wrong with what you are saying.
First off, there are multiple bubbles building in China. They are crashing with Chinese gov. lying throught their teeth on just about everything. Even now, they claim that the economy is doing great, yet, they are building up massive coal reserves because now where as much electricity is being used.All in all, China is in REAL trouble.
Now, as to the issue of cash, I find it interesting that nearly all investors are pushing the dollar. IOW, it is spreading more than ever before. Why? Well, who else are you going to go with?
China? Nope. Even China is desperately buying dollars and trying hard to spread their yuan to others in hope that if they crash, others will as well.
Japan's yen? Nope. Been in a recession for nearly 15 years and are now far more dependent on China than any other nation, with China now demanding their islands.
Euro? Nope. They are heading into a massive recession with the euro possibly collapsing.
Australian dollar? Nope. They depend on Chinese importing their resources. Well, if China collapses, so will Australia.
UK Pound? Nope. They are in a massive recession with the pound about to slide downwards.
Canadian Dollar? Possibly. Right now they are far too small, BUT, they have ran a tight fiscal ship.
You may think that investors want off the dollar, but nothing could be further from the truth. Investors and other nations desperately want dollars. Heck, even Iran and Venezuela wants dollars. -
Re:Ok I dislike Obama..