Author Archive

E-Trade and Ameritrade:Pre-Merger Housecleaning?

Kevin Kelleher, Tuesday, September 18, 2007 at 5:00 AM PT Comments (6)

In a post-market-bell bomb, E-Trade (ETFC) lowered its 2007 profit guidance by 31%. Even worse was why: It’s backing out of wholesale mortgages. This is, on the face of it, scary stuff. Few predicted E-Trade would be broad sided by the mortgage mess. So, the story in the financial press is that that this [...]

Jobs’ Mea Culpa is Apple’s Victory

Kevin Kelleher, Friday, September 7, 2007 at 7:00 AM PT Comments (25)

Steve Jobs is sorry. He wants to give you $100 back for what you paid when you bought your iPhone too early. Provided, of course, you spend that $100 in one of his stores.
I disagree with Om on this. I get this feeling that this is exactly what Steve Jobs had [...]

Google CFO Retires, Successor TBD

Kevin Kelleher, Tuesday, August 28, 2007 at 1:39 PM PT Comments (5)

Of all the lightning rods that have been sticking out of the uber-phenomenon known as Google (GOOG), CFO George Reyes was one of the most inconspicuous. Now Google says Reyes is out, but he will stick around long enough to find a successor.
CFO transitions are tricky things, and they’re even trickier for big stars like [...]

VMWare’s Rising Tide Won’t Lift All Boats

Kevin Kelleher, Tuesday, August 28, 2007 at 12:32 AM PT Comments (5)

When is a good thing too much of a good thing? It’s surely a question somewhere in the back of the minds of investors in VMWare (VMW). Since the stock went public two weeks ago — at $29 a share, 21% above its initial price of $24 a share — it has rocketed 150% [...]

Will Credit Crunch Help Or Hurt Tech Cos?

Kevin Kelleher, Tuesday, August 7, 2007 at 10:25 PM PT Comments (9)

Stocks may be rebounding but the credit crunch isn’t finished. The mortgage market is hungover from a subprime binge. Senseless lending in odd investments like ninja loans have hurt banks. Hedge funds betting on complex, risky derivatives are closing up shop. And it’s only likely to get worse.
The fallout is hurting almost everyone, but [...]

Blockbuster vs. Netflix: The DVD Death Match

Kevin Kelleher, Tuesday, July 31, 2007 at 10:46 AM PT Comments (23)

Don’t look now, but there’s one of those brutal price wars happening, this time in video rentals. Unlike the cola wars of legend or the perennial PC-chip wars of the last decade or two, this is a price battle I find fascinating.
In the short-term, the DVD price wars will create one of those rare pockets [...]

Bezos to Wall Street: I told you so.

Kevin Kelleher, Tuesday, July 24, 2007 at 8:01 PM PT Comments (15)

Amazon seems to be once again proving the naysayers wrong.
Back in the dot-com boom, CEO Jeff Bezos piled on debt to build the biggest online retailer, one designed to keep customers happy. People said it would drive Amazon to an early bankruptcy, but the company turned a profit in 2002 and has stayed in the [...]

So Google Stumbles. Does It Matter?

Kevin Kelleher, Thursday, July 19, 2007 at 9:51 PM PT Comments (24)

Et tu, Google? Yahoo’s stock sank following its Tuesday earnings report, as did eBay Wednesday despite some signs that revenue and profit growth are looking up. But I can’t think of anyone who was expecting Google to disappoint Wall Street with its second-quarter numbers. And yet that is exactly what happened: The stock was down [...]

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