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Einhorn is Talking Shit About $CMG

Citing a “resurgent Taco Bell” as being a threat and “nosebleed valuation” for CMG.

The stock is getting hammered on that news.

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Checkpoint Software Gets Hit Again on RBS Downgrade

 

Check Point Software Technologies Ltd. (CHKP) slid the most in a month as RBC Capital Markets cut its price target for the world’s second largest network security maker by 18 percent amid increased competition.

The Israeli technology developer dropped the most since Aug. 30 in New York yesterday, after posting a 4.5 percent advance in September, the first monthly gain in six months. Check Point led the Bloomberg Israel-U.S. equity index of the most traded Israeli companies in New York down 1 percent to 85.85. Allot Communications Ltd. (ALLT), the Israeli developer of network traffic management technology, was the biggest decliner on the index. The TA-25 Index gained 2.1 percent in Tel Aviv today as trading resumed after a two-day holiday.”

Full report

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EU CPI Rises 2.7% on Higher Energy

“Consumer prices in the 17 countries sharing the euro rose 2.7 percent year-on-year, the European Union’s statistics office Eurostat said on Friday in a first estimate that marked a rise from 2.6 percent in August.

Markets had expected inflation to ease to 2.5 percent.

Energy prices jumped 9.2 percent after a 8.9 percent rise the previous month.

Core inflation, excluding both energy and unprocessed foods, fell to its lowest level in a year of 1.7 percent in August, the latest month for which the data has been published.”

Full article

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Crack is Back: $RIMM Smashes Earnings Expectations

The stock is rising.

 

Research In Motion beats by $0.19, beats on revs  (7.14 +0.14)
Reports Q2 (Aug) loss of $0.27 per share, $0.19 better than the Capital IQ Consensus Estimate of ($0.46); revenues fell 31.1% year/year to $2.87 bln vs the $2.5 bln consensus.

— RIMM reports Q2 gross margins of 26.0%; Street expectations 28.4%, Q1 28.0%.

— BlackBerry subscriber base increased to approximately 80 million global subscribers.

— Cash, cash equivalents, short-term and long-term investments increased by approximately $100 million to $2.3 billion at the end of the second quarter

— Cash flow from operations was approximately $432 million in the second quarter.

— Shipments of BlackBerry smartphones were 7.4 million and shipments of BlackBerry PlayBook tablets were approximately 130,000.

“Despite the significant changes we are implementing across the organization, our second quarter results demonstrate that RIM is progressing on its financial and operational commitments during this major transition,” said Thorsten Heins, President and CEO. “Subscribers grew to approximately 80 million global users, revenue grew sequentially from the first quarter, cash, cash equivalents, short-term and long-term investments increased by approximately $100 million to $2.3 billion, and carriers and developers are responding well to previews of our upcoming BlackBerry 10 platform. Make no mistake about it, we understand that we have much more work to do, but we are making the organizational changes to drive improvements across the company, our employees are committed and motivated, and BlackBerry 10 is on track to launch in the first calendar quarter of 2013.”

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NFL supports decision to not overturn Seahawks’ touchdown

In Monday’s game between the Green Bay Packers and Seattle Seahawks, Seattle faced a 4th-and-10 from the Green Bay 24 with eight seconds remaining in the game.

Seattle quarterback Russell Wilson threw a pass into the end zone. Several players, including Seattle wide receiver Golden Tate and Green Bay safety M.D. Jennings, jumped into the air in an attempt to catch the ball.

While the ball is in the air, Tate can be seen shoving Green Bay cornerback Sam Shields to the ground. This should have been a penalty for offensive pass interference, which would have ended the game. It was not called and is not reviewable in instant replay.

When the players hit the ground in the end zone, the officials determined that both Tate and Jennings had possession of the ball. Under the rule for simultaneous catch, the ball belongs to Tate, the offensive player. The result of the play was a touchdown.

Replay Official Howard Slavin stopped the game for an instant replay review. The aspects of the play that were reviewable included if the ball hit the ground and who had possession of the ball. In the end zone, a ruling of a simultaneous catch is reviewable. That is not the case in the field of play, only in the end zone.

Referee Wayne Elliott determined that no indisputable visual evidence existed to overturn the call on the field, and as a result, the on-field ruling of touchdown stood. The NFL Officiating Department reviewed the video today and supports the decision not to overturn the on-field ruling following the instant replay review.

The result of the game is final.

SOURCE

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Education FAIL: American SAT Scores Lowest Since 1972

2012’s high school seniors have the worst SAT reading score since 1972; they scored 486 on reading, out of a possible 800. In writing, students also dropped dramatically, down to 488. That’s a nine-point drop since 2006.

Full article

 

 

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Riots Break Out at FOXCONN Slave Factory

Reports early Monday from China suggest that a mass disturbance or riots may have broken out at a Foxconn factory in the Chinese city of Taiyuan.
It is still unclear what exactly happened, but posts on China’s popular twitter-like service, Weibo, from users in the area show photographs and video of large numbers of police in and around the factory – many in riot gear – blocking off throngs of people.
Other photos show debris strewn around the Foxconn compound and in one case, an overturned guard tower.
According to popular tech blog engadget, the disturbance kicked off after Foxconn security guards allegedly hit a worker around 10 p.m. on Sunday.

 

Full Article

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American Flag Murders Stupid Pakistani Agitator

A Pakistani protestor has died after inhaling smoke from burning U.S. flags during a rally against the anti-Islam film Innocence of Muslims.
Abdullah Ismail died in Mayo hospital in Lahore having complained of feeling unwell during the angry demonstrations in the eastern Pakistan city yesterday.
Around 10,000 people are estimated to have taken part in the protest organised by the group Tehreek Hurmat-i-Rasool.

Full Article

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German Banks See a 26% Increase in Cross Border Lending

Since a trillion euro injection into the banking system Germany has been doling out loans to countries in the EU. The rise in lending was a huge jump in QoQ respects, but not that a significant rise in the over all picture. The good part is that a liquidity issues are trying to move back to normal.

Full article

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