Reading Time: < 1 minute (Update) According to Dow Jones News, USB sold 139 million shares at $18 per share. See the news at WSJ. (Original) When I say cheap, I meant in relative terms. My benchmark: Buffett endorsed 2 banks in Berkshire annual shareholder meeting: US Bank (NYSE: USB) and Wells Fargo (NYSE: WFC). Many people did not know
Reading Time: < 1 minute (Update) The phone sold by T-mobile USA appears only works in the US. See the spec at Nokia USA web site here. Quote the spec “Operating frequency Dual-band GSM 850/1900 MHz”. (Original) Saw the deal from dealsea. Here is the link to T-mobile. Nokia European site has more details spec for the phone. It looks
Reading Time: < 1 minute First saw it from flyblog. Kind interesting. Today WSJ revealed more haggling between banks and Fed.
Reading Time: < 1 minute (Update) RationalWalk has a much more comprehensive piece on Berkshire Q1 results. (Original) News from San Jose Mercury News. Quote: Berkshire says it sold 13.7 million of its 79.9 million shares of ConocoPhillips during the first quarter to generate a loss that can offset past capital gains taxes. More details from its Q1 earning report
Reading Time: < 1 minute Yahoo Tech-ticker Disclosure: I don’t have BAC shares. I think, long term (I mean really long like 5 years) BAC is a good call option for US economy recovery. I don’t agree with Henry Bloget on this aspect: I think Ken Lewis is the right man for the job.
Reading Time: < 1 minute Saw the McCafe (aka better coffee at McDonald) ad on TV (not on YouTube yet). But here is a Cantonese version of ad (via. YouTube). According to ChicagoBusiness, big Mac maker poured $100 million for the ad campaign. A really chilly Summer for Starbucks is coming 
Discloure: no longer have MCD position.
Reading Time: < 1 minute Steve took interview from local West Virginia TV station (link here Part 1 Part 2 Part 3 Closing My thoughts
Reading Time: 2 minutes (Update 04May09) Buffett CNBC interview. (Monday Becky Quick) I did not go to the Berkshire annual shareholder meeting, partly because of the recession (cost cutting), partly because I sold the stock recently (note: one does not have to buy stock to get the admission ticket, they sell it at $5 on eBay). There are live
Reading Time: 2 minutes I remember a few years ago Warren expressed his dismal view on Newspapers future (in his annual shareholder letter). A few days ago Redstone (the controlling shareholder of CBS and Viacom) said something similar in an interview. “The reason we have not gone to newspapers is because its a slow growth industry and I think
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