The trouble with experience...
"The trouble with experience is that by the time you have it, you are too old to take advantage of it." - Jimmy Connors
Morning News of Note:
- GOOG: Google to Deliver Instant Messages The service may start as early as Wednesday, sources say. The firm will face tough rivals. Watchers of Google Inc. soon will have something new to chat about — and with. Continuing its rapid expansion into new product categories, the Internet search giant plans to launch an instant messaging program called Google Talk as early as Wednesday, according to people familiar with the service. (Full Story) LA Times
- MOT: Motorola gets FCC approval for iTunes phone According to documents posted to the Federal Motorola is one step closer to launching its long-awaited iTunes phone. Communications Commission's Web site on Saturday, Motorola has received regulatory approval to start selling a cell phone that runs a mobile version of Apple Computer's iTunes software A user manual posted on the FCC site shows that the Motorola E790 can run a cell phone version of iTunes and will contain stereo speakers, removable flash memory and Bluetooth technology for short-range radio communications with other devices. (Full Story) CNET
- CMCSA: COMCAST'S PITCH Flush from its success winning a National Hockey League television deal, Comcast's Outdoor Life Network is expected to wage an aggressive campaign to win rights to Major League Baseball and National Football League games that are now shown on rival ESPN. Comcast and OLN have their eye on the cable rights to a new package of Thursday and Saturday night NFL games and to a Sunday and Wednesday night baseball package including baseball's ratings-winning home run derby. (Full Story) NY Post
- TGT: Target-TGT sees August comps near the upper end of their 4%-6% range
Market Comments: Slightly down open this morning. The existing home sales report came in a little weak, and we know how housing-centric this economy has been. RBC raised its estimates for GOOG, calling the weakness a "fantastic buying opportunity".
long CMCSK, GOOG
posted by J. Kahn @ 7:21 AM
2 comments
2 Comments:
Two thoughts on stocks in the news:
1. Even if I didn't have ideological issues with Wal-mart, I would still shop at Target since their stores are clean, well-stocked (with merchandise and helpful staff (at the one I frequent, their staff includes a disproportionately large number of hot blondes, furthering my store loyalty)), and with superior merch. As they grow, it will be interesting to see if they are able to keep this competitive advantage. Better yet, maybe they can merge with Costco and kick the evil empire's ass on both fronts.
2. Google has proven what is possible when you attract the best talent and then let them do their thing. Most of my friends are programmers and are telling me that the best and the brightest are trying to get jobs their. Google barely has to recruit, while the best programmers from other companies are dying to jump ship. While you are there, you are treated royally and encouraged to take risks and start pet projects (which is apparently how Google Maps was born) I believe the last time a company had that type of reputation as an employer was Microsoft in the early 90's. I wonder what ever happened to them...
Kevin,
I agree on TGT. Love to shop there; never go to WMT. As for GOOG, emulating MSFT in the early days is not such a bad idea. Take a look at how MSFT stock did from its IPO 'til the late 90s.
Post a Comment
<< Home