IBM Lowers Forecast, Stock Tanks “IBM forecast earnings for 2015 of $15.75 to $16.50 per share, below the $16.51 per share average estimate on Wall Street. The company’s stock fell 2% in after-hours trading.” –“At IBM, a Weak Streak Persists”; The WSJ (1/21/15) At first blush, it seems like a classic overreaction: a storied company...Read More
The Limits of QE (“Quantitative Easing”) I’ll tip my hat to the new constitution Take a bow for the new revolution Smile and grin at the change all around me Pick up my guitar and play Just like yesterday And I’ll get on my knees and pray We don’t get fooled again Don’t get fooled...Read More
What is the Opposite of “Plastic” (circa 1967)? It may be hard to believe if you’re under 50 years old (60?), but once upon a time, Eastman Kodak — along with other technology pioneers like Polaroid, Xerox, and Motorola — held the same place in the American corporate pantheon now occupied by such companies as Apple,...Read More
