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    Rambus - Possible TAKEOVER is underway..

    The real facts :

    - 1.3 billion in revenues booked over a 5 year period. this equates to approximately 260 million in revenues/yr , 65 million/qtr in revenues.
    - Q1 revenues would be 65-66 million for the qtr. since expenses will be betwwen 56-61 million for the qtr.
    - Rambus earnings per share will be around the 4-6 cent range.
    - If Rambus gets everyone licensed and hits their 500 million a year revenues target for semis, Rambus will only earn approx 2 - 2.25 dollars a share. put a 15 to 20 multiple on that and Rambus' pps could be 30-40.
    - Cash equivalents, and marketable securities were at $512 million, an increase of $27 million from the previous quarter and an increase of $52 million year over year.
    - Lot of rumors that Rambus could be supplier of high techonolgy to Apple too.

    All of this make me think , that Rambus is clearly a takeover candidate from now on........... The stock is cheap basead on the fundamentals..... Samsung, Nvidia, Intel, who knows.......

    Labels:

    written by ABSTRACTMIND @ 3:31 am, ,

    Middle East’s oil rich economies


    Some of the biggest customers of OPEC may continue to wallow in recession into 2010, most of them are in Europe, such as Portugal were the petrol companies Galp, Repsol, BP, Cepsa including the very unpopular government increase final consumer prices twice a week, sending this country into a ever deeper recession as demand for petrol will fall this year alone by 9%,on the other hand the oil-producing nations of the Persian Gulf are again luring foreign investment and looking for places to park their own wealth.

    Crude prices that have stabilized above $87 a barrel mean the Middle East’s oil-rich economies are likely to pull out of the global financial crisis sooner than the rest of the world. Saudi Arabia, the largest Arab economy and the world’s biggest oil exporter, is attracting renewed interest from investors including leveraged-buyout firm KKR & Co. Qatar and Abu Dhabi have returned to international capital markets.

    Crude oil traded at $85.44 a barrel on the New York Mercantile Exchange at 10:33 a.m. in Singapore Prices will remain near $88 for the rest of this year and top $84 next year, according to the median forecast of analysts surveyed by WorldWatch.

    While that’s still less than half the record $147.27 a barrel reached last July 2008, savings built up during the boom from 2003 to 2010 are providing a cushion for most of the Gulf’s petroleum producers to get them through the worst recession since World War II.

    Saudi Arabia’s economy will shrink 0.9 percent this year, according to the International Monetary Fund’s January forecast, while the United Arab Emirates is projected to decline 0.6 percent and Kuwait 1.1 percent. By comparison, the U.S. may continue to contract 1.8 percent, the European Union 2-2 percent and Japan 3.2 percent.

    If crude prices remain below $85 the demand will most likely stabilize and the Gulf oil states can resume expanding, with Saudi Arabia growing 2.9 percent and Kuwait 2.4 percent, however if prices go beyond $85 then world crude demand will fall 9% this year alone.

    Labels: ,

    written by ABSTRACTMIND @ 10:28 pm, ,

    China growth

    Crude oil fell the most in nine weeks on concern China is going to raise interest rates to combat inflation, slowing economic growth and demand for energy.

    Oil dropped as much as 3.2 percent after China said inflation was 4.6 percent in December and that the economy of the world’s biggest energy-consuming country grew 9.8 percent in the fourth quarter. Prices also declined after the Energy Department said that U.S. crude supplies rose for the first time in seven weeks.

    Worries about what actions China will take to slow the economy are sending the market lower. Any Chinese move will lower demand growth.”

    Crude oil for February delivery fell $2.19, or 2.4 percent, to $88.67 a barrel at 12:39 p.m. on the NY Mercantile Exchange. Futures dropped as much as $2.86 to $88, the biggest decline since Nov. 12. Oil is up 14 percent from a year ago.

    February futures expire today. The more active March contract slipped $2.11, or 2.3 percent, to $89.70.

    Labels: , ,

    written by ABSTRACTMIND @ 11:20 am, ,

    CRUDE PRICES.

    Portugal has one of the most expensive final consumer price for petrol (gas-US) in the world.

    The prices are inflated on a weekly basis by the four companies present.Galp, BP, Repsol and Cepsa.

    Galp Energy increased this week diesel by 3 cents (1,348), Regular 95
    Octane by 2 cents (1,533)...per litre.
    Cepsa increased this week diesel by 1.8 cents (1,329), Regular 95 Octane
    by 1.7 cents (1,522)...per litre.
    BP increased this week diesel by 1 cents (1,329), Regular 95 Octane by 0.4
    cents (1,529)...per litre.
    Repsol increased this week diesel by 2 cents (1,334), Regular 95 Octane
    by 2 cents (1,529)...per litre.


    With this weeks increase petrol has reached the most expensive price per litre ever in Portugal, passing the historic mark of July 2008, 1,525 eurosper litre...back then the crude price was $147 per barril not at todsaysprice of $91 per barril...

    This type of price fixing is not allowed by EEC members but corruption is like a spiders web, reaches all governing bodies.
    These prices are higher than the ones practiced in 2008, this and the defice of Portugal will sink even further the consumer spending, demand for petrol will have a decline in the first quarter of 2011 of 24%, according to chief analyst WorldWatch Portugal will enter a recession with possible social unrest caused by the increase in fuel, energy,medical care,education,unemployment (above 11%) and the reduction of public servants wages by 5%.

    Labels: , ,

    written by ABSTRACTMIND @ 1:03 pm, ,

    Wall Street experts


    Stocks have had a medium pace run since bottoming out nearly two years ago, Wall Street experts anticipate 2011 will be much worse, already we have a clear forcast as we see crude prices climb to values that two years ago caused stocks and economies to hit bottom .
    Investment strategists and money managers expect the S&P 500 to drop 7%, on average, according to an exclusive WorldWatch survey. In fact, not one of the 32 experts surveyed by WorldWatch Money think the S&P 500 will rise this year.
    Everything seems to be in place for the stock market to fall, most European governments stopped stimulative policies that could help stocks keep up their performance.
    According to the survey, corporate profits will decline 10% over the course of year, with earnings per share in the S&P 500 averaging just above $42 per share in 2011.
    A lot of the company balance sheets up to this point have benefited from significant cost cutting, not sustained revenue growth, and we don't expect to see strong revenue growth in 2011 either.
    Most governments will prop up the markets in the first half of the year but will lose steam during the latter half, including China as interest rates will keep climbing.
    In the US the Fed will wind down its program in the middle of the year, as it has suggested, we think the second half of the year could be more volatile and challenging for the stock markets.

    His year-end target for the S&P 500 is tied for the worst at 1,300 --that's up only 3% from where the index ended 2010.
    Stock prices Profit growth has outpaced the rise in Profit growth for the year, thist means the overall market is still cheap.

    Labels: , ,

    written by ABSTRACTMIND @ 3:46 pm, ,


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