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Amgen Posts Better-Than-Expected Q2 Earnings

amgen second quarter earnigns previewShares of biotech giant Amgen, Inc. (AMGN) are trading slightly higher in after hours trading this afternoon after the company delivered better than expected earnings for its second quarter.

Going into this afternoon's earnings report, analysts had been expecting to see Amgen report $1.30 per share, but the company was able to beat out analyst estimates by reporting an actual $1.38 for the quarter.

Continue reading Amgen Posts Better-Than-Expected Q2 Earnings

New Circuit Breakers to Be Implemented to Prevent Another Flash Crash

electronic trading New circuit breakers will take effect next week on the NYSE aimed at preventing another "flash crash." Under this new system, halts are triggered based on where the price of the stock was trading during the previous five minute period. They will be in effect from 9:45 a.m. to 3:35 p.m.

During the crash of May 6, some stocks crashed to near zero. For example, Accenture (ACN) plunged from $40 to an incredible penny per share.

Continue reading New Circuit Breakers to Be Implemented to Prevent Another Flash Crash

Sprint Nextel Goes for Broke: Introduces the Lowest Prepaid Plan in the Industry

sprint logoSprint Nextel (S), which has been bleeding valuable contract wireless customers for well over a year now, continues trying to find a leadership position -- any leadership position -- and it is banking (again) on the growth in prepaid wireless to salvage its future. After it's acquisition of Virgin Mobile earlier this year, the company is set to introduce a $25 "Beyond Voice" that will give prepaid customers 300 minutes and all the messaging and data they can eat.

Continue reading Sprint Nextel Goes for Broke: Introduces the Lowest Prepaid Plan in the Industry

Google TV to be Announced This Month

Google (GOOG) has been rumored to be getting in the television game for quite some time. In reality, it already is. Google's YouTube purchase back in 2006 turned it into the largest video distribution outlet on the planet, and in many ways YouTube bypasses traditional media outlets and networks to connect content producers and consumers easily with very little (to no) cost. But, that's not enough. Google needs to encroach on the 50-inch flat screen television instead of being relegated to squinting eyes needed on a laptop screen.

Continue reading Google TV to be Announced This Month

New $100 Bill to Foil Counterfeiters


Do you like the feel and crackle of new money? If you do, you will like the new $100 bills. They are designed with the latest technology to deter counterfeiters.

Here's a peek at what they will look like and the special technology that went into their production:
  • There is a blue three dimensional security ribbon with alternating images of bells and the number 100 that move and changes as the viewing angle is tilted. The blue ribbon in embedded in the fabric of the note.
  • There is another security strip, visible to the left of Franklin's head, It is visible when held up to the light. It, too, is embedded in the fabric.
  • There is a bell image inside a picture of an inkwell that changes from copper to green when tilted and a large 100 that does the same.
  • The new note has a watermark of Franklin's portrait, also visible when held up to the light.
The reason for these changes is that counterfeiters, mainly from North Korea, were able to pass off their counterfeit "super note" as real currency, usually outside the United States. This is a big problem because there are roughly $6.5 billion $100 notes in circulation. Plus, two thirds of Federal Reserve notes in circulation are outside the United States.

Fed chairman, Bernanke said officials will work to educate people on the changes in the new bill. The new $100 notes are scheduled for issue in 2011. The older notes now in circulation will be destroyed as they are replaced with the new Ben Franklins.

Do you believe that the old Ben Franklins will be collector's items?

Why Apple's iPad Will Change the Computing Industry, Even with Its Failings

Will Apple, Inc. (AAPL) sell the iPad at a level that this past weekend's launch set in motion? That's a great question and is being bantered right this second on blogs and analysis websites worldwide. Even if the iPad -- which sold 300,000 units this weekend -- doesn't garner the expected sales to once again solidify Apple as a consumer electronics powerhouse, it won't matter.

Continue reading Why Apple's iPad Will Change the Computing Industry, Even with Its Failings

Apple Sells More Than 300,000 iPads in First Weekend, Analysts Take Note

Talk about a good first weekend. This morning Apple (AAPL) announced that it sold more than 300,000 iPads as of midnight on Saturday, including deliveries of preordered iPads to customers, to channel partners, and sales at Apple Retail Stores. The company added that iPad users downloaded more than 1,000,000 apps from their App Store and more than 250,000 ebooks from its iBookstore the first day.

Steve Jobs noted that "It feels great to have the iPad launched into the world -- it's going to be a game changer ... iPad users, on average, downloaded more than three apps and close to one book within hours of unpacking their new iPad." This is great news for the company, and it lead to JPMorgan upping the company's price target to $305 from $240 while raising 2010 EPS estimates to $12.74 from $11.59. Kaufman expects AAPL to now reach $295 as well.

Continue reading Apple Sells More Than 300,000 iPads in First Weekend, Analysts Take Note

Apple iPad Gets Off to a Strong Start

Apple's (AAPL) new wonder device, the iPad, got off to a strong start even before this weekend's official launch date. Eager customers lined up at Apple stores Saturday to get their hands on the new and much-hyped tablet-style PC. This was due in part, no doubt, to the fact that Apple sold out of preorders of the iPad.

With a starting price of $499 to $699, estimates for iPad sales for all of 2010 range from 3 million to 6 million units. Estimates for just this weekend alone range from 300,000 to 500,000 units out the door and into the hand of early adopters and Apple fanatics.

Continue reading Apple iPad Gets Off to a Strong Start

Sharp Takes the Lead in Production of Small 3D Screens

With the popularity of the movie Avatar, the 3D craze is going worldwide.

Sharp Corp. (SHCAY) plans to make small, 3D liquid crystal displays that don't require special glasses. Spokesman for Sharp, Yoshisuke Hasigawa, said, "just like black and white TVs turned color, all displays will eventually be 3D capable."

Sharp has already been approached by mobile phone makers about supplying small 3D displays, Hasigawa said.

Continue reading Sharp Takes the Lead in Production of Small 3D Screens

Pending Apple iPad Release Requires Leap of Faith from Consumers

Here we are on the eve of the Apple, Inc. (AAPL) iPad release. Though not as revolutionary as the iPhone was almost three years ago, the iPad will succeed just because it has Apple's name on it. Beyond that, the device could once again fit the need for an "in-between" device for internet access and multimedia outside the handheld phone and in lieu of yet another laptop-type computing device. But, the question remains: will customers go ga-ga over this device starting tomorrow?

Continue reading Pending Apple iPad Release Requires Leap of Faith from Consumers

Microsoft Up to the Google Challenge with Latest Version of Office?

Microsoft Corporation (MSFT) seemingly is threatened by Google, Inc. (GOOG) on a monthly basis. Microsoft's history is costly software and related licensing; Google's history is free products supported by an advertising model that works exceedingly well. With the newest release of Microsoft Office due out shortly, has Microsoft kept to its old recipe or is it bringing the fight to Google's doorstep? A little of both.

Continue reading Microsoft Up to the Google Challenge with Latest Version of Office?

Google Apps Marketplace Opens; Another Bow Shot Across Microsoft's Headquarters

Google, Inc. (GOOG) has been referenced by more than a handful of journalists in recent years as the company most closely competing with Microsoft Corporation (MSFT). In reality, that's not very true: Google derives almost all of its revenue from internet advertising while Microsoft gets its cash buckets from operating system and productivity software. The lines are blurring, but even in 2010 there are way more closer competitors to Microsoft than Google.

Continue reading Google Apps Marketplace Opens; Another Bow Shot Across Microsoft's Headquarters

Cisco Will Unveil New Tools for High-Speed Networks

It's the Internet and it's all about speed. On Tuesday Cisco Systems (CSCO) will unveil new tools that will enable its internet service providers to build their own high-speed networks.

Cisco says its plan will "forever change the Internet and its impact on consumers, businesses and government."

While details of the new tools are yet to be presented, the idea would open up the whole area of high-speed networks to anyone willing to set them up.

Continue reading Cisco Will Unveil New Tools for High-Speed Networks

Best Buy, Panasonic to Unleash 3D Televisions with 50% Off Pricing

U.S. consumer electronics behemoth Best Buy Co. Inc. (BBY) will be joining Japan's Panasonic Corp. to unveil and heavily promote newer 3D television sets this quarter. As flat panel televisions continue selling at a decent but middling pace, the "next big thing" in home entertainment is ready to roll off shelves. Best Buy believes it will be 3DTV, apparently.

Panasonic will discount the prices of the rollout models by 50% as it creates demand for the new category using pricing as its primary weapon. But will customers care? Just because Panasonic is trying to reverse losses in its television operating doesn't mean customers will soon adopt a new television technology that is surely to have very limited content. If Panasonic needs a 3D ecosystem of content to push these new televisions, that could be years off.

Continue reading Best Buy, Panasonic to Unleash 3D Televisions with 50% Off Pricing

Best Buy to Unleash Yet Another Online Video Streaming Service

Best Buy (BBY) will be joining Vudu -- which was recently bought by Walmart (WMT) -- Netflix (NFLX), Roxio's CinemaNow, Amazon.com (AMZN) On Demand, and others in streaming video content directly over the Internet to your favorite television set. Details are sketchy so far, but the large question is this: do we need another one of these services? The market is already saturated. What's the benefit?

For one, Best Buy's Reward Zone Premier Solver members will receive one free video rental per month. That's quite a benefit for a customer that spends $2,500 per year at the largest consumer electronics chain in the U.S. -- not. You need to throw a bigger bone to these customers, Best Buy. That's like giving a dime back for every few hundred dollars spent. Not impressive.

Continue reading Best Buy to Unleash Yet Another Online Video Streaming Service

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