The stage is set for a protracted hostile takeover battle between South Korean electronics giant Samsung and flash memory storage maker SanDisk. Samsung offered about $6 billion for SanDisk, an amount that was nearly double its market value when the bid was made public. But SanDisk rebuffed the offer, saying the timing was opportunistic and […]
Posted on September 23rd, 2008 by
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The Dow has taken a beating since last October’s peak, emerging markets like China and Russia are faring even worse, and the dollar hit a seven-year low against the Euro yesterday. …
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“It’s very clear to me — we’re in the midst of a market controlled by fear and rumors, and short sellers are driving our stock down,” Morgan Stanley Chief Executive John Mack told employees in a memo.
Ya think?
Morgan’s stock dropped 47 percent yesterday, and shorting investment banks has become the trade du jour. But it […]
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From Silicon Alley Insider, Sept. 23, 2008:Google’s launching the GPhone at 10:30 ET this morning. Click here for live coverage from SAI. …
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Some financial firms, but not all, will be saved. The pattern was set with Bear Stearns in March and repeated with Fannie, Freddie and AIG this month — but not Lehman Brothers. Information Arbitrage lays it out this morning here.
“Unwittingly or not, Treasury Secretary Paulson has effectively created the Paulson Doctrine. The doctrine states […]
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As badly as the Dow has fared since peaking last October, the U.S. stock market has actually held up well relative to international bourses, especially in emerging markets. Once the hottest game in town,
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Tyler Cowen from the Marginal Revolution blog has a selection of old AIG commercials. Can you say foreshadowing?
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http://www.youtube.com/watch?v=At6F0M4bS P8
The greatest risk is not taking one.”
http://www.youtube.com/watch?v=9VvGW98D3 XA
“Debts are easy to fix, but liability is the nightmare.”
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If Thursday afternoon and Friday represent the best-case scenario of the government’s unprecedented intervention in financial markets — stocks rallied, credit markets stabilized and a measure of confidence was restored - Monday was the worst-case scenar
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