The Quarterly Guidance Trap Bites Apple

“In all of our communications, we try to make sure that no single shareholder gets an edge: We do not follow the usual practice of giving earnings guidance or other information of value to analysts or large shareholders. Our goal

Interesting Reading – February 18, 2017

In this series, we suggest worthwhile reading material on a variety of topics of general interest. Daily Journal Corporation Annual Meeting – February 15, 2017. Charlie Munger spoke for nearly two hours at the Daily Journal annual meeting in Los Angeles.

Apple Risks Dominant Position in Tablets With New Digital Publishing Model

The battle between Apple and Google intensified this week with both companies unveiling long awaited business models for publishers eager to develop recurring revenue sources through sale of tablet based subscriptions. Read this article for our views regarding how the “tablet wars” will be affected by the latest battle.

Nokia’s ‘Burning Platform’ Highlights Perils of Creative Destruction

When the Nokia 6160 cellular phone was released in the late 1990s, it was one of the hot technology gadgets of the era. With its “candy bar” styling, good looks, and positive user experience, the phone was very popular and was once considered something of a minor status symbol. Today Nokia faces a “burning platform” according to CEO Stephen Elop. Read this article for more details and commentary.

Microsoft Bears Underestimate the ‘Enterprise Moat’

Microsoft reported a solid fiscal second quarter on Thursday with revenue and earnings that were generally above consensus estimates. However, concerns over relatively tepid growth in the Windows segment overshadowed positive results elsewhere in the eyes of market participants leading to a nearly 4 percent drop in the stock price today. Read this article for our view of the results and competitive threats to Microsoft’s moat.

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