retiarius

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6 Comments

    • Apple: Unlocking iPhone Profits [view article]
      As commented upon elsewhere, AAPL is trading at 16X cash flow
      net of cash. From Apple's quarterly press releases, here's
      a table of cash + short term investments (in billions):

      Q1 07 11.8
      Q2 07 12.6
      Q3 07 13.7
      Q4 07 15.4
      Q1 08 18.4
      Q2 08 19.5
      Q3 08 20.7

      Cognoscenti know that Apple runs this cash through subsidiary
      Braeburn in Nevada, free from state income tax. If interest
      rates rise back up to the level of last year, a substantial portion
      of quarterly earnings will be interest income.       Jul 24 11:05 AM
    • The Hidden Financial Impact of Apple's iPhone [view article]
      It's now confirmed that the ASP is $200 more than the
      MSRP by the way that purchasers are paying sales tax:

      discussions.apple.com/...
       Jul 14 03:06 PM
    • Genentech: Britain's National Health Won't Pay for Avastin [view article]
      Writer 'nova' posits that Avastin has no survival advantage over FOLFOX
      chemotherapy, yet statistically-signific... studies such as ECOG 3200
      show this is precisely the case, which is how Avastin received approval for this indication:

      professional.cancercon...

      Even if we concede that the OS advantage is only 2-3 months (but
      longer for many, since this is a statistical median), that Britain's
      medical economists want to override their doctors' recommendations
      with hard-nosed evaluations of the worth of life extension would
      never fly across the pond.

      It's not hard to imagine thousands of lawsuits against a doctors or insurance companies here in the States with the following preamble "Ladies and gentleman of the jury, do you mean to tell me that
      you cut my client's life eight weeks short because your
      cost-benefit analysis showed he was not worth the extra $10K
      cost of the drug combination over those weeks?". False economy!       Jun 26 10:39 AM
    • Apple's iPhone: Home Court Advantage [view article]
      The 10M number is about to be overtaken with "last year's model".
      This swarm of deals assumes new kit. Why is it hard for some
      to imagine that Apple can sell tens of millions when this has already
      occurred not just for Apple's own iPod, but for another cellphone,
      the Motorola RAZR, which shipped >50M for innovations in
      casing, not even in software. Look at the hockey-stick adoption
      curves at:

      money.cnn.com/2006/05/...

      to see what portends for the iPhone. Of course, exponential growth
      tapers off, but for Apple it is just starting. From the perspective of
      a software developer, SDKs for the "competitor" cellphones mentioned
      by 'infestation' are quite primitive. Now Apple is ready to sell apps while Android is just getting off the ground. Apple's differentiators
      include software rollout for what is basically a miniature computer,
      in addition to the sleek hardware fit & finish coupled with
      a marketing juggernaut.       May 17 06:02 PM
    • Buying MySQL Could Save Sun [view article]
      About that $50 per Java copy, Sun does get $50 per year per employee
      for carte blanche use of supported Java. Also every Blu-Ray player
      ships with Java, accruing per copy royalties to Sun. We aren't even counting the cellphones here.       Jan 19 12:55 PM
    • Apple's Market Value to Surpass IBM, Intel [view article]
      You forgot to mention the venerable Hewlett-Packard [HPQ] (now sitting just a shade above
      at a market cap of ~118B), which has very special meaning to Apple.

      The irony stems from the fact that ye olde HP sat back and watched while Mssrs. Jobs & Wozniak
      pursued their destiny in the face of HP passing on the original Apple PC.

      This would be big enough news to be passed on to Apple employees in email (as was the
      Apple-internal announcement about Dell) and perhaps coverage in the mainstream media.       Jul 11 11:48 AM
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