business newsBest of the Blogs: Should Intel Make a Bid for Nokia?
By
Christopher Witrak
Aug 03, 2012 12:35 pm
Plus, the CEO of CBS shares his thoughts on Apple TV.
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This column highlights the most interesting and useful business and financial commentary from around the Web each day.
ZDNet
Link: Why Intel Should Buy Nokia
“There's a lot of talk about which company, if any, should buy Nokia (NOK): Lenovo (LNVGY) was the latest company rumoured to be interested (until a Lenovo executive dismissed the idea as 'a joke').
“But, for me, there's one firm that would be a more natural fit than any of the others being rumoured as potential new owners of Nokia: Intel (INTC).
“Of course, there's been no suggestion that such a thought has ever occurred to either Nokia or Intel, and no suggestion from either that such an acquisition is ever likely to happen — but the way the mobile market is developing right now, there's no denying an alliance between the pair would make a lot of sense.”
AllThingsD
Link: CBS Loves Apple TV, in Theory
“CBS (CBS) boss Les Moonves gets asked about his willingness to do business with Apple (AAPL) a lot. And his answer is always the same: ‘Sure! As long as it’s on our terms.’
“Yesterday’s earnings call was no exception. Here’s the full exchange between the CBS CEO and analyst Anthony DiClemente, via Seeking Alpha.
“[...] Even in the transcript, it’s funny to watch Moonves and DiClemente go through the motions on this one. But I’m highlighting it here because because it illustrates that digital video no longer seems like a conundrum to CBS and all the other big TV programmers. It seems pretty routine.”
The New York Times: DealBook
Link: Insider Trading Case Reveals an Unsophisticated Scheme
“‘Stupid Pet Tricks’ has always been a favorite David Letterman sketch. The criminal insider trading charges filed against a Bristol-Myers Squibb (BMY) executive, Robert D. Ramnarine, may well qualify for ‘Stupid Insider Trading Tricks.’”
“Federal prosecutors charged Mr. Ramnarine with three counts of securities fraud for trading in takeover targets of Bristol-Myers, and the Securities and Exchange Commission also sued him. According to the complaint, the trading generated over $300,000 in profits.
"The profits shows that even an unsophisticated scheme can produce a nice return – at least until it you are caught, which seems almost inevitable in this case."
The Wall Street Journal: Deal Journal
Link: NYSE CEO: Knight Capital Another Reason for Reform
“The head of the New York Stock Exchange defended his own company’s systems saying they were not behind the trading glitch at Knight Capital (KCG) this week. But he also called for more regulation for a market system he called ‘broken.’
“Duncan Neiderauer, speaking on his company’s quarterly conference call, said the NYSE model was able to identify the trouble 'sooner than I think others would have been able to' and that Knight was contacted “within minutes” by the NYSE to work out the problems.
"The CEO has touted the human element the NYSE maintains in the wake of Facebook’s (FB) IPO as being able to offset some of the problems computers sometimes cause."
The Epicurean Dealmaker
Link: Ready, Fire, Aim
“The news out of Old Blighty this morning that Bob Diamond, CEO of Barclays (BCS), has resigned under pressure seems to indicate the ongoing LIBOR fixing scandal is finally gaining enough momentum to fly off the rails. The current rumblings are that Mervyn King, Governor of the Bank of England, wiggled his stately eyebrows disapprovingly and conveyed, with the minimum regulatory fuss, that, yes, indeed, he would be exceedingly obliged if the presumptuous Mr. Diamond were encouraged to remove himself forthwith to a less embarrassing locale. Like, say, Inner Mongolia. Perhaps unfortunately for Mr. King, Lord Turner of the FSA, and their minions, however, Mr. Diamond is scheduled to testify in front of a Treasury Select Committee tomorrow. Current odds in the interbank lending market are 5 to 3 that Mr. Diamond will celebrate Independence Day by setting off a few hundred fireworks under his former overlords’ derrieres. Honi soit qui mal y pense.”
Twitter: @ChrisWitrak
ZDNet
Link: Why Intel Should Buy Nokia
“There's a lot of talk about which company, if any, should buy Nokia (NOK): Lenovo (LNVGY) was the latest company rumoured to be interested (until a Lenovo executive dismissed the idea as 'a joke').
“But, for me, there's one firm that would be a more natural fit than any of the others being rumoured as potential new owners of Nokia: Intel (INTC).
“Of course, there's been no suggestion that such a thought has ever occurred to either Nokia or Intel, and no suggestion from either that such an acquisition is ever likely to happen — but the way the mobile market is developing right now, there's no denying an alliance between the pair would make a lot of sense.”
AllThingsD
Link: CBS Loves Apple TV, in Theory
“CBS (CBS) boss Les Moonves gets asked about his willingness to do business with Apple (AAPL) a lot. And his answer is always the same: ‘Sure! As long as it’s on our terms.’
“Yesterday’s earnings call was no exception. Here’s the full exchange between the CBS CEO and analyst Anthony DiClemente, via Seeking Alpha.
“[...] Even in the transcript, it’s funny to watch Moonves and DiClemente go through the motions on this one. But I’m highlighting it here because because it illustrates that digital video no longer seems like a conundrum to CBS and all the other big TV programmers. It seems pretty routine.”
The New York Times: DealBook
Link: Insider Trading Case Reveals an Unsophisticated Scheme
“‘Stupid Pet Tricks’ has always been a favorite David Letterman sketch. The criminal insider trading charges filed against a Bristol-Myers Squibb (BMY) executive, Robert D. Ramnarine, may well qualify for ‘Stupid Insider Trading Tricks.’”
“Federal prosecutors charged Mr. Ramnarine with three counts of securities fraud for trading in takeover targets of Bristol-Myers, and the Securities and Exchange Commission also sued him. According to the complaint, the trading generated over $300,000 in profits.
"The profits shows that even an unsophisticated scheme can produce a nice return – at least until it you are caught, which seems almost inevitable in this case."
The Wall Street Journal: Deal Journal
Link: NYSE CEO: Knight Capital Another Reason for Reform
“The head of the New York Stock Exchange defended his own company’s systems saying they were not behind the trading glitch at Knight Capital (KCG) this week. But he also called for more regulation for a market system he called ‘broken.’
“Duncan Neiderauer, speaking on his company’s quarterly conference call, said the NYSE model was able to identify the trouble 'sooner than I think others would have been able to' and that Knight was contacted “within minutes” by the NYSE to work out the problems.
"The CEO has touted the human element the NYSE maintains in the wake of Facebook’s (FB) IPO as being able to offset some of the problems computers sometimes cause."
The Epicurean Dealmaker
Link: Ready, Fire, Aim
“The news out of Old Blighty this morning that Bob Diamond, CEO of Barclays (BCS), has resigned under pressure seems to indicate the ongoing LIBOR fixing scandal is finally gaining enough momentum to fly off the rails. The current rumblings are that Mervyn King, Governor of the Bank of England, wiggled his stately eyebrows disapprovingly and conveyed, with the minimum regulatory fuss, that, yes, indeed, he would be exceedingly obliged if the presumptuous Mr. Diamond were encouraged to remove himself forthwith to a less embarrassing locale. Like, say, Inner Mongolia. Perhaps unfortunately for Mr. King, Lord Turner of the FSA, and their minions, however, Mr. Diamond is scheduled to testify in front of a Treasury Select Committee tomorrow. Current odds in the interbank lending market are 5 to 3 that Mr. Diamond will celebrate Independence Day by setting off a few hundred fireworks under his former overlords’ derrieres. Honi soit qui mal y pense.”
Twitter: @ChrisWitrak
No positions in stocks mentioned.
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