{"id":5451,"date":"2011-01-19T09:10:53","date_gmt":"2011-01-19T14:10:53","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=5451"},"modified":"2011-01-19T09:25:21","modified_gmt":"2011-01-19T14:25:21","slug":"tech-is-booming-at-some-companies-apple-ibm-and-google","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=5451","title":{"rendered":"Tech is booming&#8230; at some companies &#8212; Apple, IBM and Google."},"content":{"rendered":"<p style=\"text-align: left;\">Apple\u00a0 blew away the streets numbers on the top line and bottom.\u00a0 Apple will be\u00a0 up significantly this morning, blowing away my argument yesterday for taking a little Apple profit off the table. I hope you didn&#8217;t listen to me. I fortunately didn&#8217;t. Sometimes my thoughts for the column get reconsidered ten minutes later. This business of writing and investing is weird. Never take my advice (or anyone&#8217;s advice) literally until you mull it over yourself.<\/p>\n<p style=\"text-align: left;\">IBM blew away numbers and had their highest revenue quarter ever.\u00a0 Google was upgraded by three firms yesterday and had targets raised to well in excess of $700. I love Apple and Google.<\/p>\n<p style=\"text-align: left;\">I continue to be pessimistic about the financials.\u00a0 Stocks like\u00a0 C, BAC, or GS have had a big run. But they face too many problems, too many unknowns that leak out regularly: Bad balance sheets. Horrible commercial loans. And stupid actions, like Goldman&#8217;s hyping of Facebook stock to its US investors, then changing its mind. Goldman partners do well. The stockholders less well. And the clients? Well they&#8217;re at the bottom of the heap, useful for fees, but little else. Proprietary trading is the name of the game.<\/p>\n<p style=\"text-align: left;\">I do continue to like the foods stocks I mentioned yesterday. More about them tomorrow.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Should we invest heavily in Europe?<\/strong><\/span> I like diversification. I&#8217;m not a big fan of heavy investment in Europe. The Times ran a cover story on the weekend:<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/01\/Can-Europe-Be-Saved.jpg\"><\/a><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/01\/Can-Europe-Be-Saved1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5453\" title=\"Can Europe Be Saved\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/01\/Can-Europe-Be-Saved1.jpg\" alt=\"\" width=\"300\" height=\"365\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/01\/Can-Europe-Be-Saved1.jpg 300w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2011\/01\/Can-Europe-Be-Saved1-246x300.jpg 246w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">It contained two paragraphs:<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">The tragedy of the Euromess is that the creation of the euro was supposed to be the finest moment in a grand and noble undertaking: the generations-long effort to bring peace, democracy and shared prosperity to a once and frequently war-torn continent. But the architects of the euro, caught up in their project\u2019s sweep and romance, chose to ignore the mundane difficulties a shared currency would predictably encounter \u2014 to ignore warnings, which were issued right from the beginning, that Europe lacked the institutions needed to make a common currency workable. Instead, they engaged in magical thinking, acting as if the nobility of their mission transcended such concerns.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">The result is a tragedy not only for Europe but also for the world, for which Europe is a crucial role model. The Europeans have shown us that peace and unity can be brought to a region with a history of violence, and in the process they have created perhaps the most decent societies in human history, combining democracy and human rights with a level of individual economic security that America comes nowhere close to matching. These achievements are now in the process of being tarnished, as the European dream turns into a nightmare for all too many people.<\/p>\n<p style=\"text-align: left;\">The piece&#8217;s conclusion is not sanguine. There are savior scenarios. But the existence of one currency &#8212; the Euro &#8212; severely limits options &#8212; chiefly devaluation. Read the entire fascinating piece. Click <strong><a href=\"http:\/\/www.nytimes.com\/2011\/01\/16\/magazine\/16Europe-t.html?_r=1&amp;ref=magazine\" target=\"_blank\">here<\/a>.<\/strong><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>The Australian Tennis Open has started.<\/strong><\/span><\/p>\n<p style=\"text-align: left;\"><strong><a href=\"..\/wp-content\/uploads\/2011\/01\/AustralianOpen.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"AustralianOpen\" src=\"..\/wp-content\/uploads\/2011\/01\/AustralianOpen.jpg\" alt=\"\" width=\"201\" height=\"251\" \/><\/a><\/strong><\/p>\n<p style=\"text-align: left;\">It&#8217;s played live on <strong>ESPN,<\/strong> and replayed on <strong><a href=\"http:\/\/www.tennischannel.com\/schedule\/\" target=\"_blank\">The Tennis Channel<\/a><\/strong>. Melbourne is 16 hours ahead of New York. Hence live play begins in the middle of the night. Right now &#8211;for the early rounds &#8212; ESPN is starting at 7:00 PM.<\/p>\n<p style=\"text-align: left;\"><strong>Harry&#8217;s guide to watching tennis:<\/strong><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">1. Players refer to an ace as a &#8220;free point.&#8221; The &#8220;easiest&#8221; ace is down the center line. The key to watch where your opponent is standing and serve elsewhere.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">2. The classic tennis &#8220;play&#8221; is to serve wide, wait for the return, then whack your ball to the opposite corner. This strategy relies on a good, hard, well-placed serve.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">3. Most points are won, not because someone hits\u00a0 a winner, but because the other guy screws up. Hence players gingerly hit balls back and forth in the hope that their opponent will screw up. I&#8217;ve seen most of the top players practicing. They hit a lot harder and faster in practice than they do in matches.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">4. Keep the ball in play, keep edging it to corners, ultimately your opponent will hit a short ball. Then you can move in and put the ball away for a winner.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">5. Heavy top spin lifts the ball up high when it bounces. Returning a high bouncer is far more difficult than returning a low shot &#8212; even if the low shot is hit very hard. Nadal is the expert on high bouncers. He uses a weird grip, special strings and he comes up on the ball as he hits it. You have to be 23 and have extraordinary timing. A thousandth of a second makes a difference. I once fluked a Nadal shot. I fluffed my other tries.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">6. A single-handed backhand is more flexible than a two-handed one. Some people believe a two-handed backhand gives great control, especially returning hard shots. The short backswing is useful. All two-handed backhand players use a one-handed shot when they get into trouble. I&#8217;m too untalented (or too old) to learn a two-handed backhand.<\/p>\n<p style=\"text-align: left;\">Today, tennis is basically a running game. The faster you run, the faster you get to balls. I can&#8217;t run as fast as a 20-year old. Most tennis professionals retire when they hit old age &#8212; around 30.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Understanding Engineers &#8211; One<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">Two engineering students were riding their bikes across a university campus when one said, &#8220;Where did you get such a great bike?&#8221;<\/p>\n<p style=\"text-align: left;\">The second engineer replied, &#8220;Well, I was walking along yesterday, minding my own business, when a beautiful woman rode up on this bike, threw it to the ground, took off all her clothes and said, &#8220;Take what you want . &#8220;<\/p>\n<p style=\"text-align: left;\">The first engineer nodded approvingly and said, &#8220;Good choice; the clothes probably wouldn&#8217;t have fit you anyway . &#8220;<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Understanding Engineers &#8211; Two<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">To the optimist, the glass is half-full .<\/p>\n<p style=\"text-align: left;\">To the pessimist, the glass is half-empty .<\/p>\n<p style=\"text-align: left;\">To the engineer, the glass is twice as big as it needs to be .<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Understanding Engineers &#8211; Three<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">A priest, a doctor, and an engineer were waiting one morning for a particularly slow group of golfers . The engineer fumed, &#8220;What&#8217;s with those guys? We must have been waiting for fifteen minutes!&#8221;<\/p>\n<p style=\"text-align: left;\">The doctor chimed in, &#8220;I don&#8217;t know, but I&#8217;ve never seen such inept golf!&#8221;<\/p>\n<p style=\"text-align: left;\">The priest said, &#8220;Here comes the green-keeper . Let&#8217;s have a word with him . &#8220;<\/p>\n<p style=\"text-align: left;\">He said, &#8220;Hello George, what&#8217;s wrong with that group ahead of us? They&#8217;re rather slow, aren&#8217;t they?&#8221;<\/p>\n<p style=\"text-align: left;\">The green-keeper replied, &#8220;Oh, yes . That&#8217;s a group of blind firemen . They lost their sight saving our clubhouse from a fire last year, so we always let them play for free anytime . &#8220;<\/p>\n<p style=\"text-align: left;\">The group fell silent for a moment .<\/p>\n<p style=\"text-align: left;\">The priest said, &#8220;That&#8217;s so sad . I think I will say a special prayer for them tonight . &#8220;<\/p>\n<p style=\"text-align: left;\">The doctor said, &#8220;Good idea . I&#8217;m going to contact my ophthalmologist colleague and see if there&#8217;s anything he can do for them . &#8220;<\/p>\n<p style=\"text-align: left;\">The engineer said, &#8220;Why can&#8217;t they play at night?&#8221;<\/p>\n<p style=\"text-align: left;\"><strong><span style=\"color: #0000ff;\">Understanding Engineers &#8211; Four<\/span><\/strong><\/p>\n<p style=\"text-align: left;\">What is the difference between mechanical engineers and civil engineers?<\/p>\n<p style=\"text-align: left;\">Mechanical engineers build weapons<\/p>\n<p style=\"text-align: left;\">Civil engineers build targets .<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Understanding Engineers &#8211; Five<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">The graduate with a science degree asks, &#8220;Why does it work?&#8221;<\/p>\n<p style=\"text-align: left;\">The graduate with an engineering degree asks, &#8220;How does it work?&#8221;<\/p>\n<p style=\"text-align: left;\">The graduate with an accounting degree asks, &#8220;How much will it cost?&#8221;<\/p>\n<p style=\"text-align: left;\">The graduate with an arts degree asks, &#8220;You want fries with that?&#8221;<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Understanding Engineers &#8211; Six<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">Three engineering students were gathered together discussing who must have designed the human body .<\/p>\n<p style=\"text-align: left;\">One said, &#8220;It was a mechanical engineer . Just look at all the joints . &#8220;<\/p>\n<p style=\"text-align: left;\">Another said, &#8220;No, it was an electrical engineer . The nervous system has many thousands of electrical connections . &#8220;<\/p>\n<p style=\"text-align: left;\">The last one said, &#8220;No, actually it had to have been a civil engineer . Who else would run a toxic waste pipeline through a recreational area?&#8221;<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Understanding Engineers &#8211; Seven<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">Normal people believe that if it ain&#8217;t broke, don&#8217;t fix it .<\/p>\n<p style=\"text-align: left;\">Engineers believe that if it ain&#8217;t broke, it doesn&#8217;t have enough features yet .<\/p>\n<div style=\"text-align: left;\"><strong><a href=\"..\/wp-content\/uploads\/2010\/08\/HarryNewtonNewShot2.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"HarryNewtonNewShot\" src=\"..\/wp-content\/uploads\/2010\/08\/HarryNewtonNewShot2.jpg\" alt=\"\" width=\"125\" height=\"180\" \/><\/a><br \/>\n<\/strong><\/div>\n<p style=\"text-align: left;\">Harry Newton who now understands why Microsoft employs so many &#8220;engineers.&#8221;<\/p>\n<p style=\"text-align: left;\">I added some more useful links on the left &#8212; check out the travel links.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple\u00a0 blew away the streets numbers on the top line and bottom.\u00a0 Apple will be\u00a0 up significantly this morning, blowing away my argument yesterday for taking a little Apple profit off the table. I hope you didn&#8217;t listen to me. I fortunately didn&#8217;t. Sometimes my thoughts for the column get reconsidered ten minutes later. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5451","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/5451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5451"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/5451\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}