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Heading Back to School With Sony, Apple, Intel...


Sony has stuck a belated toe into movie downloads, announcing that it'll make the PS3 a DVR-type of device in non-U.S. Markets.

Hello from NY where that grinding noise you're hearing is me awkwardly shifting gears from Nothing to Business as Usual. Here's what I'm watching as I make notes to come back and pick up my transmission on my way home from the show later tonight...

  • Despite struggling a bit today, the Retail Hldrs Trust (RTH) is back over the happy side of 100, having tacked on more than 7 points from the closing lows of August. Same Store Sales for August are on deck for this Thursday. The ETF has been driven by moves in Home Depot (HD) (giving some back today) and Target (TGT).

    Not playing along: Wal-Mart (WMT) which is only about 1% off 52-week lows. The Bentonville Bad-Boys have already announced weak back-to-school sales. I'd bottom-fish elsewhere.

  • Sony (SNE) has stuck a belated toe into movie downloads, announcing that it'll make the PS3 a DVR-type of device in non-U.S. Markets. The digital world is still groping for ways to distribute media; judging by my weekend experience playing with my Tivo (TIVO) cable-box's Amazon (AMZN) downloading service, the system isn't ready for prime-time just yet.

  • I've gotten some emails gloating... er... asking me what I think of Apple's (AAPL) possible new i-Phone-esque i-Pod update. I think the rumored device sounds like something I would buy (I love my i-Pod) and I still don't care much about Apple's stock, beyond viewing it as a levered Nasdaq play (and thus a good "tell").

    In terms of my tech stock exposure, I remain just fine (thank you) with my EMC (EMC) and Intel (INTC). They are less explosive... and I mean that in a good way.
Positions in EMC and INTC.

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