China’s gargantuan e-commerce company Alibaba is opening a cloud computing hub in Silicon Valley, its first such center outside of China. The move is in synch with their global ambitions despite tough competition in their niche. The California hub is at an undisclosed exact location, kept secret for security reasons. It is situated somewhere in… Continue Reading
In another burst of “out-of-the-box” thinking, Tesla Chief Executive Elon Musk wrote in a blog on October 25 that customers leasing the company’s new Model S electric car will have the option of returning the car within 90 days and have the remainder of their lease obligation nullified. This offer is for purchasers of cars… Continue Reading
CEO of Greenleaf Book Group, Clint Greenleaf moved his company from Cleveland, Ohio to Austin, Texas in 2004. There were several reasons Greenleaf made the move; among them the most important were the difficulty of hiring in Ohio, and the absurdly high taxes there. Greenleaf explained that in Texas there would be no requirement of… Continue Reading
BCE Inc. is one of the major Canadian telephone companies: Bell Canada Enterprises. It competes with Telus (TU), Rogers Communications (RCI), and many smaller companies such as Wind Mobile, Public Mobile and Mobilicity. The trend in the telephone industry is away from the traditional wired services and towards wireless services. The wireless services may be… Continue Reading
Computer Task group, Inc. supplies IT solutions and staffing services mainly in Europe and North America. CTG’s services include selection and implementation of software packages. The company also makes and integrates new software systems and develops customized software solutions. The company provides solutions for health information management, medical care management, medical fraud, insurance assessments, and… Continue Reading
On November 11th, one of the directors of Iridium Communications, Inc (IRDM), Scott L. Bok, bought 50,000 shares of Iridium’s stock for $357,000. From the first to the twelfth of December, company insiders purchased more than 80,000 shares of Iradium. On Wall Street, there’s a saying about insider buying: There are several possible reasons to sell stocks,… Continue Reading
American Tower Corporation (AMT) stock has been rising for the last three years. Three years ago it was $20.92 and today it is $58 .15. There have been a few ups and downs along the way but relative to market volatility, nothing drastic. In fact, the stock essentially continued to rise even though the market… Continue Reading
Verizon stock has been trading in a level band between $34 to $38 since the beginning of 2011. The company has the largest wireless telecommunications system in America. It company generally accomplishes its publicized goals. Verizon also issues dividends worth $2.00 per year or a 5.2 percent yield. In the last quarter, 882,000 new wireless… Continue Reading
Pacific Sunwear of California is implementing a restructuring plan which will eliminate between 175-225 of their approximately 825 stores. These stores comprise between 21 to 27% of their stores and are the less profitable ones. They will then focus on their remaining 550-600 stores which are the more profitable ones. In addition, Pacific Sunwear has… Continue Reading
Pepco Holding, Inc. (POM) is an energy company which has 1.9 million customers in new Jersey, Maryland, Delaware and Washington D.C.. PHI has 3 subsidiaries which provide electric power: Delmarva, Atlantic City Electric and Pepco. In addition, Delmarva Power supplies natural gas. Pepco is a Fortune 500 company. Pom’s stock has been going up since… Continue Reading