Tag: electronics

Why Paul Krugman Is Wrong on the Austrians

The Austrians on Capital In contrast to mainstream macro models, which either do not possess capital at all or at best denote it as a homogenous stock of size “K,” Austrian theory explicitly treats the capital structure of the economy as a complex assortment of different tools, equipment, machinery, inventories, and other goods in process. Much of the Austrian perspective is dependent on this rich view of the economy’s capital structure, and mainstream economists miss out on many of the Austrian insights when they make the “convenient” assumption that the economy has one good. (Krugman will be glad to know that yes, I can spell all this out in a formal model — and one that referee Paul Samuelson grudgingly signed off on.) Krugman and other Keynesians stress the primacy of demand: they keep pointing out that the owner of an electronics store, say, won’t have the incentive to hire more workers, and buy more inventory, if he doesn’t expect consumers will show up with money to spend on new TVs or laptops. But Austrians point out that demand per se is hardly the whole story: Regardless of how many green pieces of paper the customers have, or how much credit the store can get from the bank, it will be physically impossible for the electronics store to fill the shelves with new TVs and laptops unless the manufacturers of those items have already produced them. And in turn, the manufacturers can’t magically create TVs and laptops merely because the demand for their products picks up; they rely on other sectors in the economy having done the prior preparation as well, such as mining the necessary metals, assembling the proper amount of tractor trailers needed to ship the goods from the factory, and so on. These observations may strike some as trivial, not worthy of the consideration of serious economists. But that’s only because normally, a market economy “spontaneously” solves this tremendous coordination problem through prices and the corresponding signals of profit and loss. If someone had to centrally plan an entire economy from scratch, there would be all sorts of bottlenecks and waste — as actual experience has shown. Without the guidance of market prices, we wouldn’t observe a smoothly functioning economy, where natural resources move down the chain of production — from mining to processing to manufacturing to wholesale to retail — as neatly depicted in macro textbooks. Instead, we would see a chaotic muddle where the various interlocking processes didn’t dovetail. There would be too many hammers and not enough nails, too much perishable food and not enough refrigerated railroad cars to deliver it, and so on. The Austrians on Interest When it comes to explaining the coordinating function of market prices, Austrians assign a very important role to interest rates, for they steer …

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General Automotive Corp. (GNAU.OB) Announces Marketing and Distribution Agreement with Rydeen Mobile Electronics

Filed in BP, Gold Prices, o by on November 19, 2010 0 Comments

General Automotive Company today announced that it has inked an agreement with Rydeen Mobile Electronics group to market and sell its gPad tablet based vehicle computer products to the Automotive OEM market through General Automotive’s Global Parts Direct division. In addition to marketing and selling Rydeen’s gPad tablet, General Automotive will work together with Rydeen

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Nanotechnology Investments

Filed in economy, GOld juniors, Gold Market by on August 24, 2010 0 Comments

Mr. McGuire: I just want to say one word to you — just one word. Ben: Yes sir. Mr. McGuire: Are you listening? Ben: Yes I am. Mr. McGuire: “Plastics.” Ben: Exactly how do you mean? Mr. McGuire: There’s a great future in plastics. Think about it. Will you think about it? Ben: Yes I will. Mr. McGuire: Shh! Enough said. That’s a deal. In the 1967 film The Graduate , it may have been the shapely legs of Mrs. Robinson that caught the eye of young Ben Braddock… But it was Mr. McGuire’s sage advice that piqued the interest of the investment world. Clich or not, old man McGuire was definitely on to something. Plastics, after all, were still relatively new and hardly as ingrained and ordinary as they are today. In those days, products made of glass, metal, and wood still dominated manufacturing. But as history would later prove, McGuire’s advice was both prophetic and wise. Plastics, as he suggested, changed everything. Since then, of course, investors everywhere have been looking for that same type of sage advice; hoping to find riches by staying ahead of the curve. And in the 80s and 90s, they managed to find it— with “computers” and then the “Internet.” But since those days, the markets have been all ears, hoping to come across the next big thing — the game changer that could be expressed in a single word. In essence, they’ve all been left wondering Where have you gone, Mr. McGuire? Just one word: Nanotech My guess is that if Mr. McGuire were to offer his advice today, his one word wouldn’t be “plastics”; it would be “nanotech.” Like plastics…

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Dividend Stock Leaders and Laggards from the Week of Apr.26-30 (BP, HAL, WHR, BLK, CLF, WLT, more)

Dividend Stock Leaders and Laggards from the Week of Apr.26-30 (BP, HAL, WHR, BLK, CLF, WLT, more)

Here are some of the biggest dividend stock winners and losers from the week that just ended. Company Fri. Close Weekly % Change Tyco Electronics ( TEL ) $32.12 +8.62% Whirlpool Corporation ( WHR ) $108.87 +6.51% Newmont Mining Corporation (holding Company) ( NEM ) $56.08 +5.61% Safeway Inc. ( SWY ) $23.60 -11.84% Halliburton Company ( HAL ) $30.65 -12.33% BlackRock Inc. ( BLK ) $184.00 -12.80% BP PLC ( BP ) $52.15 -12.91% Cliffs Natural Resources ( CLF ) $62.53 -14.17% Walter Industries Inc. ( WLT ) $80.81 -15.79% Anadarko Petroleum Corporation ( APC ) $62.16 -16.12% Ethan Allen Interiors Inc. ( ETH ) $20.20 -19.20% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Richardson Electronics to Distribute LS Researchs Wireless Modules and Developer Kits

Filed in Gold Holdings by on April 13, 2010 0 Comments

Richardson Electronics, Ltd. , whose new website features the latest products from top manufacturers for the most important RF/Wireless and Power Conversion applications, today announced it has signed a global distribution agreement with longtime en Richardson Electronics to Distribute LS Researchs Wireless Modules and Developer Kits

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Thai Delta 2009 net profit down meets fcasts

Filed in Gold Holdings, Gold Investing by on February 23, 2010 0 Comments

BANGKOK, Feb 24 – Year to December 31, 2009 Year 2009 2008 Shr profit 1.76 vs profit 2.32 Net profit 2,189.38 vs profit 2,897.48 Notes: Results are consolidated and unaudited. Delta Electronics is the country’s largest electronic part mak Thai Delta 2009 net profit down meets fcasts

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Intel Upgraded to “Buy” at Auriga (INTC)

Filed in Gold, Gold Investing by on February 16, 2010 0 Comments
Intel Upgraded to “Buy” at Auriga (INTC)

Microprocessor maker Intel Corporation ( INTC ) on Tuesday saw its rating, price target, and earnings estimates all boosted by analysts at Aurgia. The analyst raised its rating on INTC to “Buy” from “Hold,” and lifted its price target on the stock to $24 from $22. Intel shares had closed at $20.43 on Monday. The firm noted that “We recognize that INTC still faces significant headwinds — peaking y/y revenue comps and gross margin, competition from ARM-based offerings in the increasingly commoditized mobility space, and, of course, a still-shaky macro environment. However, our discussions with contacts throughout the electronics food chain suggest that PCs could well be the strongest growth contributor to semiconductors in 2010 — yet consensus and valuation seem to expect exactly the opposite. INTC underperformed both its customers and the SOX off the market bottom in March ‘09 — we expect that pattern to reverse regardless of the overall market trend in 2010.” In addition, Auriga raised its fourth quarter adjusted earnings estimates to 38 cents per share, up from 37 cents, lifted its full-year profit view to $1.60 from $1.53, and introduced full-year 2011 estimates of $1.71 per share. Intel shares rose 22 cents, or +1.1%, in premarket trading Tuesday. The Bottom Line We have been upgrading shares of INTC since Aug.28, when the stock was trading at $19.47. The company has a dividend yield of 3.08%, based on Friday’s closing stock price of $20.43. Intel Corporation ( INTC ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Whirlpool Loses Decision in LG Refrigerator Dispute

Filed in Gold Investing by on February 12, 2010 0 Comments

Whirlpool Corp., the world’s largestappliance maker, lost its bid to try to ban importedrefrigerators made by LG Electronics Inc. from the U.S. market. The U.S. International Trade Commission in Washington todaysaid LG didn’t violate a Whirlpool pat Whirlpool Loses Decision in LG Refrigerator Dispute

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Philips Turns To Profit In Q4 – Update

Filed in Gold Holdings, Gold Investing by on January 25, 2010 0 Comments

Consumer and electronic equipment maker Koninklijke Philips Electronics NV (PHG) Monday reported a profit for the fourth quarter, driven by lower costs. However, quarterly revenues were down year-over-year, reflecting the impact of negative currency Philips Turns To Profit In Q4 – Update

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3D Eye Solutions Inc.s 3D Technology Without Glasses a Hit at 2010 Consumer Electronics Show in Las Vegas

Filed in Gold Holdings by on January 12, 2010 0 Comments

LONGWOOD, Fla., Jan. 12 /PRNewswire-FirstCall/ 3D Eye Solutions, Inc.’s 3D conversion technology drew considerable attention at the 2010 International Consumer Electronics Show held in Las Vegas January 7-10. Representatives from major 3D hardwar 3D Eye Solutions Inc.s 3D Technology Without Glasses a Hit at 2010 Consumer Electronics Show in Las Vegas

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LG confirms LCD TV sales target eyes more market

Filed in Gold Holdings by on January 9, 2010 0 Comments

SEOUL South Korea’s LG Electronics Inc, the world’s No.2 TV brand, said on Sunday it aimed to increase its global market share in LCD TVs to 15 percent this year from 11 percent last year. Technology LG confirmed its 2010 sales target for LCD TVs a LG confirms LCD TV sales target eyes more market

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Plexus Downgraded to Neutral – Analyst Blog

Filed in Guidance, silver by on January 5, 2010 0 Comments

We have downgraded Plexus Corp. ( PLXS ) to Neutral from our previous Outperform rating with a six-month price target of $31. Our target price represents a multiple of 19.6X our 2010 EPS estimate, slightly above the S&P 500.   The impact of weak economic conditions significantly contributed to reduced revenue, gross margin and return on invested capital (ROIC) in fiscal 2009. During fiscal 2009, the company’s ROIC was 13.2%, gross margin was 9.6% and operating margin was 3.3%. This compares to ROIC of 20.1%, gross margin of 11.2% and operating margin of 5.6% in 2008.   Results were negatively impacted by the decline in net sales and unfavorable changes in customer mix, as well as reduced demand from Juniper Networks ( JNPR ) – the company’s largest customer accounting for 20% of revenues. We expect the carry over effect of the bleak economic conditions to continue to tell on the company’s results in the next few quarters.   Plexus’ fourth quarter results and guidance for the next quarter were above expectations. While both revenue and earnings have declined year over year in 2009, the company expects growth to reaccelerate in the second half of 2010.   Moreover, a strong cash position and impressive cash flow are other positives to the stock. Over the long term, we expect the company to benefit from the growing need globally for Medical, Wireline and Wireless infrastructure.   However, in the near term, the margins are expected to see pressure due to new program wins and increased spending. Moreover, we advise the stockholders to remain on the sidelines until Plexus exhibits incremental growth opportunities through some stabilization in its legacy customer programs and stronger end-market recovery.   The contract manufacturing industry is highly competitive and margin has been low industry-wide. Plexus is a small player compared to its peers such as Flextronics International Ltd. ( FLEX ), Jabil Circuit ( JBL ), Benchmark Electronics ( BHE ) and Sanmina-SCI Corp. (

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