Wednesday, March 2, 2011


Beige Yawner

The Beige Book revealed no surprises.

Loan demand was not materially changed, and while commodity prices were rising, they have had no impact on inflation of finished goods.

The new iPad 2 is 8.8mm. The original iPad was 13.4mm.

Bill Gross of Pimco has some warnings in his March commentary.

Among today's announcements, Apple has revamped its Apple Store website.

Don't be surprised if PNC cashes in its PNC holdings.

Yahoo! Close to Pulling Out of Japan

Last night, Reuters reported that YHOO is close to exiting its joint venture, Yahoo! Japan.

I value Yahoo! Japan at more than $9 billion, or $7 a share to Yahoo! (pretax).

Hopefully this is the beginning of the company's disaggregation.

long AAPL

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