Never bet on a dying company or industry recovering. While it does sometimes happen, it is either temporary, unpredictable, or both.
Examples: Blockbuster and the Oil industry.
An article on TechCrunch is getting some traffic thanks to a LinkedIn link. While the general topic of Cisco exiting the consumer market is useful information to consider, the writer gives a very misleading argument about for the value of the consumer market for network hardware “The story in CE these days is BYOD”. BYOD is exactly why big security and network appliances will be big business. The home user could care less if their network is secure (check your neighborhood wifi spots for “Linksys” and you’ll see).
I’m not decided on whether this was a good or bad move for Cisco, but I’m leaning towards good thinking back to IBM selling off the laptop division to Lenovo.
It amazes me how many people who cry poverty to me have higher monthly media bills that I do. I consider mine to be ridiculously over-priced and only tolerate it as much as I do for my family members (or rather, to avoid the noise of putting a stop to it). Anyone who does not have a fully-funded retirement account but has a smart phone should hang up, shut up, and buck up.
An Investor Place article today listing “5 Dead Dow Stocks You Can Live Without” and I own every one of them. Ah, hard to be lazy with the news what it is today 🙁
Several false alerts from Yahoo! Alerts today. Must have caught that bug from the stock market last week!
Read US income rise fails to ignite consumer spending in my outdated Blackberry last night.
Gee, no raises, just lowered taxes. When my income stays the same in an economy where I could lose my job or what little is left of my retirement savings in the blink of an eye, I’ll be using the “excess” to pay bills down and stash in my municipal money market.
And has it occurred to anyone that the government that is borrowing like crazy and canb enact a tax break mid year can also enact tax hikes right before the year ends, asking for it all back plus interest if the economy turns around or the lenders demand some repayment?