My brother, Jay, or rather Jerry as you know him, usually has a piece on his weblog called “Saturday Morning Coffee.” It’s something I look forward to reading. There’s always something I find interesting. It looks like we’re not going to get a post today, so I thought I’d run one.
Let’s get started. Here’s how Jay starts his post:
“So much happens each and every week that it’s hard to keep up sometimes. Here are some of the tabs that are open in my browser this morning along with some random thoughts….”
Oh, he also includes a picture of the coffee mug he’s using. Here’s mine. Unlike Jay I only have one I use regularly. Not that we’re lacking in the coffee mug department, we have quite a few, but this one is mine. It’s a hand crafted masterpiece I purchased at our local Farmers Market.
Super Bowl
Unless you’re one of those folks that don’t like football you know tomorrow is Super Bowl XLVII, in beautiful New Orleans, LA. The Baltimore Ravens will face the San Francisco 49ers. I’m pulling for the Ravens. I’ve had a hate-hate relationship with the Niners since “The Catch.” I was a Cowboys fan at the time and even though I’ve moved on to the Bears the hate for the Niners remains. Let’s hope Baltimore can pull a rabbit out of the hat.
Speaking of Baltimore. It looks like Ray Lewis has caused a bit of a crap storm over his quick recovery from a torn triceps early in the season. PEDs, or performance enhancing drugs, are not new to pro sports. This is just another in a long line of pro athletes being called out. I’d wager to bet he did use something to help him recover, so did Lance Armstrong, and Barry Bonds. Hey, it’s a part of pro sports. I’m probably in the minority here but I say let them use PEDs under the care of a licensed physician as long as they’re aware of the problems associated with them. They’re adults, let them make the decision.
Hey, how about this for goofy move. CBS has banned SodaStream’s Super Bowl commercial. Really weird. From a Forbes report:
“CBS banned SodaStream’s Super Bowl spot because, apparently, it was too much of a direct hit to two of its biggest sponsors, Coke and Pepsi.
Please pause and read that sentence again.”
That says a lot about how fragile Coke and Pepsi have become as a business. It looks like it’s time for those companies to rethink what they do if they’re scared of SodaStream. Things change. Roll with the punches guys. Good luck SodaStream.
Don’t call me RIM
It looks like BlackBerry is not the official name of the company formerly known as RIM. Does anyone else remember the “RIM Jobs” website. Good one. Anyway, BlackBerry announced the new BlackBerry Z10 and Q10 phones this week. The Z10 is a touch based device while the Q10 holds true to a traditional BlackBerry device and has a physical QWERTY keyboard. At first glance I thought the Z10 looked a lot like an iPhone 4, and tweeted as much, but later I realized it’s not as similar as I thought. At first glance the back of the device looked like the all glass iPhone 4 back, it’s not.
I think the Z10 looks pretty nice and the Q10 is a great choice for the keyboard loving BlackBerry loyalists. Will they succeed? Only time will tell.
Twitter Hacked
It looks like hackers were able to gain access to 250,000 user accounts. Whoops. I find the choice of headlines in the weblog post announcing the hack disingenuous. The headline read “Keeping our users secure” then goes on to explain:
“This week, we detected unusual access patterns that led to us identifying unauthorized access attempts to Twitter user data. We discovered one live attack and were able to shut it down in process moments later. However, our investigation has thus far indicated that the attackers may have had access to limited user information – usernames, email addresses, session tokens and encrypted/salted versions of passwords – for approximately 250,000 users.”
Come on guys. Quit spinning bad news like it’s a good thing. You should’ve said something like “We’ve been hacked. We’re sorry.”
Weekend Box Office
It looks like Hansel and Gretel: Witch Hunters is number one at the box office. We haven’t seen a movie since The Hobit and have missed a bunch of great films that have released since the fall. I think my wife and I need to get out a bit more often. Maybe we can catch Hansel and Gretel soon.
The Twilight Zone, A.K.A. The Stock Market
As Jay pointed out last weekend, Apple took a hit on the stock market. They reported record revenue. The largest revenue of any corporation, ever. From an Extreme Tech article:
“Yet again, Apple has broken its own record and posted revenues of $54.5 billion — the greatest quarter of any company ever — driven entirely by sales of the iPhone and iPad.”
Of course the stock tanked.
On the flip side we have Amazon. A great company? Absolutely. They did however report a $39 loss million for the year. Their quarterly report wasn’t great either:
“Net income fell 45% to $97 million, or 21 cents a share, down from $177 million, or 38 cents a share, a year ago. Street consensus was for EPS of 27 cents. Sales were up 22% to $21.27 billion, from $17.43 billion a year ago. That, too, missed Street views of $22.26 billion.”
The stock was up, of course.
The market is a fickle thing.
The End
Have a great weekend and make sure to visit Jerry’s site next weekend for the real deal, not this wannabe version of Saturday Morning Coffee.
8 replies on “Saturday Morning Coffee, Afternoon Edition”
Hard to believe “The Catch” was thirty-years ago. I actually watched that game and thought Montana threw the ball away. Then – out of nowhere – Clark appears for a truly historic catch.
“The market is a fickle thing.”
Or a manipulated thing, depending upon one’s POV.
Thanks for keeping the tradition alive, bro. Cool mug. I’ll expect on just like it under the tree at Christmas next year.
“Hey, it’s a part of pro sports. I’m probably in the minority here but I say let them use PEDs under the care of a licensed physician as long as they’re aware of the problems associated with them. They’re adults, let them make the decision.†– Minority or not, I’m in agreement with you on this one.
Jason,
I was watching that game as well and was sick to my stomach afterwards. THAT GUY BEAT EVERSON WALLS? Everson Walls was an awesome DB.
As for the stock market, it’s just like gambling.
I’ll see what I can do about the mug, but you can’t have mine. 🙂
I saw Sodastream’s ad during the 4th quarter, don’t remember what time it was.
Don,
I saw it too, but it wasn’t the one CBS banned. The one they banned was on SodaStream’s website.
Thanks for dropping by.
“As for the stock market, it’s just like gambling.”
I hear that a lot. It is somewhat gambling if one is a speculator. Less so if one is an investor, especially if one invests in index funds/ETFs. I say that because gambling is an all or nothing game. Most stock market gamblers may lose “some” of their money, but it’s unusual to lose it “all” in the short term – unless one is seriously reckless and didn’t conduct “any” due diligence.
Jason,
I say that kind of tongue in cheek. I’ve owned individual stocks in companies. It’s still the best wealth building mechanism we have available to us.
I do think some of the big executives at large organizations, read as the guys that blew up the economy in 2008, are like a bunch of irresponsible gamblers. They are in it for themselves and they want to hit the big money NOW.
That’s why I said that. Most of us in the market are doing the right thing. We’re in it for the long haul as a way to prepare for retirement.
As for retirement, mine will be a pine box. You want fries with that?