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• California finally runs out of cash

  Posted Jun 30 2009, 12:25 PM by Minyanville
  Rating:
  Filed under: Google, Real estate, Oracle, Qualcomm, Todd Harrison
  Money Blog: Top Stocks Blog - MSN Money

  It's official: California is broke.

  For months, the most populous U.S. state has been in the throes of a historic budget crisis, as lawmakers have repeatedly failed to agree on how to resolve a $24 billion deficit.

  What was once the country's richest state is preparing to issue IOUs to a host of creditors, according to the Financial Times. Among the dubious recipients of these IOUs: contractors, information-technology companies and food-service groups that cater to prisons. Funding for education and interest payments on its bonds are guaranteed by state law.

  Gov. Arnold Schwarzenegger is taking a hard line with legislators, accusing them of offering up a piecemeal solution to the state's woes: "I will veto any majority tax increase bill that punishes taxpayers for Sacramento's failure to live within its means. It's time for the Legislature to send me a budget that solves our entire deficit without raising taxes," the Governator said Monday.   Read More...

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• Inline skating for Cisco

  Posted Aug 05 2008, 11:22 AM by Minyanville
  Filed under: Cisco, Qualcomm, earnings, Todd Harrison
  Money Blog: Top Stocks Blog - MSN Money

  I think we should expect the usual Cisco quarter: Not the usual recent quarter, where they offer a disappointing outlook, but the one where they meet or beat by the penny and guide inline, maybe sprinkled with a hint of, "We continue to execute well and expect to gain share during these tougher operating environments."

  More specifically, as Juniper showed, network traffic on a global scale is still strong enough to justify purchases of the big boxes (core routers). I expect Cisco will exhibit strong core-router sales as well. I also think switching and storage enterprise numbers will continue to show solid results as well - Foundry, for example, recently beat and raised numbers.   Read More...

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• Pay dearly for TV on your cell

  Posted May 01 2008, 10:53 AM by Kim Peterson
  Filed under: wireless, Qualcomm, Verizon, AT&T
  Money Blog: Top Stocks Blog - MSN Money

  

  I love the idea of watching television shows on my cell phone. But would I pay for it? Eh. I'm not alone here -- only about 5% of consumers are willing to pay for mobile TV. Yet that isn't stopping AT&T from launching a paid service next week that broadcasts TV programs on cell phones. 

  AT&T is shooting itself in the foot by setting the financial bar so high that few users will sign up. According to the WSJ, you have to buy one of two new phones (at $200 or $300) to get started. Then you have to pay $15 a month on top of what you already pay for voice and data plans. The traditional two-year commitment probably applies as well. Still, investors seem to be happy with the news, because AT&T shares were up 3% at last check to nearly $40.   Read More...

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