IBM announced a development partnership with Japanese Tokyo Ohka Kogyo that it hopes will squeeze more watts of energy from every ray of sunlight. Big Blue is just the latest to come down with solar fever. …
Daily Archives: June 16, 2008
What Took You So Long? FCC Chief Approves XM-Sirius Merger
Shares of Sirius and XM Satellite Radio were big percentage winners Monday after the FCC finally gave approval to their proposed merger.’”As I’ve indicated before, this is an unusual situation,” FCC Chairman Kevin Martin said in a statement. …
Icahn Defanged: Google-Yahoo Deal ‘Might Have Some Merit’
As Yahoo shares attempt to rebound from last week’s thrashing, all eyes are on activist investor Carl Icahn, who toned down his rhetoric in an interview with Reuters Sunday.”While the Google deal is not the same as an offer of $34. …
Undeterred by Oil’s Surge: Top Investor Herro Says Sell ‘Hot’ Commodities, Buy Financials, Tech
With the dollar dropping, crude prices are soaring again early Monday. The action is likely to please the crowd on Wall Street, where “the trade” is: long commodities/short the dollar and financials.But the smart trade today is to take profits o
More Bullish than Ever: Value Investor Herro Says Economy’s Not on the Brink
This past April, Harris Associates’ chief investment officer (international) David Herro told me that people were overly concerned that the market was going over a cliff. There’s been a bounce since, but
Energy Bubble Will Burn Bulls Just Like Tech Did, Says Top Investor Herro
David Herro, Harris Associates’ chief investment officer (international) wasn’t named one of SmartMoney’s “World’s Greatest Investors” of 2007 by following the crowd.So it’s probably no surprise Herro is betting against the herd’s current fixati