Nokia Refutes Talk Of Microsoft Sale; Ticonderoga Likes It

01 June 2011

Shares of Microsoft ( MSFT ) have been under pressure this morning, and one thing appearing to contribute to downturn are rumors the company would step in to purchase Nokia ( NOK ) for $19 billion, according to remarks by Eldar Murtazin , a blogger widely credited with scooping Microsoft’s deal with Nokia earlier this year. Murtazin’s blog appears not to have that claim today, but he is cited as stating such by Todd Haselton in a piece this morning on BoyGeniusReport .

RIM Off 6%: More Nokia Tea Leaves

01 June 2011

Shares of Research in Motion ( RIMM ) are taking it on the chin this morning, down $2.60, or 6%, at $40.25, as analysts continue to ponder the implications for the company following Nokia’s ( NOK ) reduced outlook yesterday. As I wrote yesterday , some analysts see opportunity for RIM in Nokia’s flagging sales, but there’s also a concern Nokia’s turmoil at the hands of Android-based phones could be an omen for RIM as well. For example, Jefferies & Co.’s Peter Misek today writes that average selling prices for the company’s wares could “collapse,” leading to an erosion of gross profit margin from 35% fiscal Q4 to 30% in the current quarter

Analyst Brad Hintz Has A Very Sick Fantasy About Goldman Sachs

01 June 2011

When the Sanford Bernstein analyst closes his eyes, he pictures Lloyd and Co going out of their way to get on Carl Levin’s good side, possibly going so far as to praise his work. “As politicians continue to criticize the firm and the public scrutiny persists, we believe that Goldman’s clients will begin to rethink their relationship with the firm and the franchise will ultimately suffer,” he wrote. “With approximately 17 percent of the ownership in the hands of current and former partners, this control group has ample motivation to make amends with politicians and the public in order to reduce the threat to its franchise.” [ Bloomberg ]

Coachella 2012 Expands To TWO Weekends, Tickets Go On Sale THIS FRIDAY

01 June 2011

Truly stunning news broke yesterday when the mysterious wizards behind the curtain of our favorite annual music festival in the desert decided to announce just weeks after this year's event that Coachella 2012 will be held over not one, but TWO weekends. Oh, and tickets for both go on sale this FRIDAY, as in two days from today.  This is peculiar for a number of reasons, but mostly because advanced notice isn't really Coachella's thing, and if you recall, didn't even announce last year's festival dates until the middle of August

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Finance

New York Maid Not Surprised By Dominique Strauss-Kahn’s Antics, Has Husband Ready To Fuck You Up If Anything Is Tried With Her

Posted on 01 June 2011

“These things that happened in the past two weeks aren’t surprising for us.

Hollywood

New Zealand To Rip Off The Hollywood Sign, And Hollywood Isn’t Happy

Posted on 27 May 2011

It’s no secret that New Zealand’s always harbored a little bit of a “baby brother” complex. First, to their trans-Tasman ( I looked it up ) neighbors, Australia, who apparently have a reputation for taking credit for Kiwi singers and desserts , amongst other things. But now that they’ve shot a ridiculously successful trilogy of films about some magic Hobbits who are deeply in love with each other , it seems that they’re ready to fire a few shots in our direction as well

Startups

Nokia Refutes Talk Of Microsoft Sale; Ticonderoga Likes It

Posted on 01 June 2011

Shares of Microsoft ( MSFT ) have been under pressure this morning, and one thing appearing to contribute to downturn are rumors the company would step in to purchase Nokia ( NOK ) for $19 billion, according to remarks by Eldar Murtazin , a blogger widely credited with scooping Microsoft’s deal with Nokia earlier this year. Murtazin’s blog appears not to have that claim today, but he is cited as stating such by Todd Haselton in a piece this morning on BoyGeniusReport .

Uncategorized

FitnessKeeper scoops up $1.1M to build out fitness app

Posted on 01 December 2010

Startup FitnessKeeper , the parent company of the RunKeeper smartphone app, has raised $1.11 million and will use the money to build out its nine-person operation and dive into the highly competitive world of now-fashionable mobile fitness applications. The RunKeeper iPhone app uses GPS locating to track your distance, time, elevation, pace and path on a map and has caught the eye of several major investors since the company was founded two years ago, primarily because it has kept up with rapidly developing technologies.