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| What Will Drive Gold Prices in 2011 (Not India's GDP) Seeking Alpha As we mentioned in an October 10th article, gold prices could possibly reach US$ 2000 / ounce. That's +40% higher than the current price of US$1420 / ounce ... See all stories on this topic » |
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| Takeda Explored Possible Move For Genzyme, Unlikely To Bid -Sources Wall Street Journal TOKYO (Dow Jones)--Japan's Takeda Pharmaceutical Co. (4502.TO) has explored whether it wanted to pursue a possible acquisition of US biotechnology company ... See all stories on this topic » | ||
| Datang Corp Unit Seeks December 9 HK Listing - Term Sheet Wall Street Journal 9 following its up to US$1 billion initial public offering, according to a term sheet seen by Dow Jones Newswires on Monday. The company began pre-marketing ... See all stories on this topic » | ||
| Telecom rise lifts NZ sharemarket New Zealand Herald The Dow Jones industrial average fell 90.52 points, or 0.80 per cent, to 1119, the S&P 500 index slid 1.18 per cent to 14.33 points and the Nasdaq dropped ... See all stories on this topic » | ||
| Sharp Exec: Aim For 30% Share Of Japan Smartphone Market In 2-3 Years Wall Street Journal TOKYO (Dow Jones)--Sharp Corp. (6753.TO) said Monday that it aims to sell 5 million smartphones annually in Japan in two to three years to grab a market ... See all stories on this topic » |
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| Dundee Corporation Declares Quarterly First Preference Shares, Series 1 Dividend PR-USA.net (press release) A)(TSX:DC.PR.A) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.3125 per first preference share, ... See all stories on this topic » |
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| PRECIOUS-Gold steady; European debt, inflation worry support Reuters By Rujun Shen SINGAPORE, Nov 15 (Reuters) - Gold prices were steady on Monday, after the sharpest fall in four months in the previous session, as inflation ... See all stories on this topic » | ||
| Commodities, financials look to G20, domestic confusion Futures Magazine However, gold prices are still below that 1980 peak when its value was approximately $2300 an ounce basis today's dollars. In an attempt to offset what the ... See all stories on this topic » |
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| Asian Shares Mixed;Above-View GDP Boosts Tokyo Shares Wall Street Journal By Colin Ng and Leslie Shaffer SINGAPORE (Dow Jones)--Asian stock markets were mixed Monday, with Japanese stocks advancing after better-than-expected ... See all stories on this topic » |
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| Gold/silver: Hold onto core positions and add during pullbacks Stockhouse On Aug 23, I wrote an article: "Trading gold using Kitco traffic as a guide." Gold had risen to $1227 by then but silver was virtually unchanged at 17.99. ... See all stories on this topic » |
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| After the Dow Jones' lousy week, what's next for stocks? USA Today Last week, the Dow Jones industrials fell four of five days, losing 2.2%. The biggest drop came Friday, the day the Fed began QE2. •Unwind of QE2 trade. ... See all stories on this topic » | ||
| China Ministry Mulls 2nd Yuan Bond Sale In HK By End 2010 - Report Wall Street Journal HONG KONG (Dow Jones)--China's Ministry of Finance is considering launching its second yuan-denominated bond sale in Hong Kong by the end of the year, ... See all stories on this topic » |
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| UK's Rightmove house prices ecPulse The UK's economy has released today data concerning the rightmove house prices during the month of November where the actual reading came at 1.3% less than ... See all stories on this topic » | ||
| Mysteries of the Mint Wall Street Journal By my calculations, 2.2 pounds of gold, even at today's hysterical prices, wouldn't cost more than $50000. But apparently what you're paying for is the ... See all stories on this topic » | ||
| Asia Commodity Day Ahead: Commodities Fall Most in 18 Months on China Bets Bloomberg Gold futures tumbled the most in four months on speculation that China will raise interest rates to cool the economy, eroding demand for commodities. ... See all stories on this topic » |
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| Gold Mocks World Spooked By $600 Billion Fed: Commentary by William Pesek Bloomberg By William Pesek - Sun Nov 14 22:07:11 GMT 2010 If Group of 20 officials want evidence they achieved little in Seoul, it's the price of gold. ... See all stories on this topic » |
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| HeartWare Device Met Study Goal Keeping Most Patients Alive Wall Street Journal By Jennifer Corbett Dooren Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--An experimental heart-pump device being developed by HeartWare International Inc. ... See all stories on this topic » | ||
| Pinning hopes on economic data Business Times (subscription) The Dow Jones Industrials dropped 90.52 points, or 0.8 per cent, to 11192.58, erasing all of the Dow's post-election rally. The S&P 500 Index slumped 14.33 ... See all stories on this topic » | ||
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| Where will the Dow be by year's end? Wall Street Journal The Dow Jones Industrial Average closed up 219.71 points, or 1.96%, to 11434.84, its highest closing level since just before Lehman Brothers collapsed. ... See all stories on this topic » | ||
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| Energy Stocks to Watch as Oil Prices Dip OTCBB AAPH TSX FEI TSX CLL Fast Pitch Press (press release) BB:AAPH) ("American Petro-Hunter" or the "Company") today wishes to provide the latest update regarding the ongoing oil well completion program currently ... See all stories on this topic » |
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| QE2: Is it Time For Divesting Dollars? Market Playground It was not too long ago when the investment banks used predatory policy to constrain gold prices. Today, gold is trading in a less manipulated environment ... See all stories on this topic » |
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| TSX gains may be elusive as investors cash in on rally CTV.ca TSX energy and mining stocks came under selling pressure since any moves to slow the Chinese economy have been negative for the resource-heavy Toronto ... See all stories on this topic » | ||
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| Dented U.S. stock market looks to economic reports MarketWatch By MarketWatch After a week that had the Dow Jones Industrial Average and the S&P 500 down for four of five sessions, Wall Street looks to data for hopeful ... See all stories on this topic » | ||
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Maybe, but not yet…
EVER SINCE the mid-term election results were tallied and the dimensions of the Federal Reserve’s second round of Quantitative Easing were laid out, Gold Prices have gyrated wildly, says Brad Zigler at Hard Assets Investor.
A precipitous plunge, followed by a screaming ascent to new nominal highs, left traders reeling. The moves in the Gold Price prompted analysts to wonder anew if the gold market was staging another run-up, or was in fact stumbling about in the terminal stages of a decade-long bull run. Talk of a bubble burst in Gold Prices also resurfaced.
The bubble question’s been debated for some time now. Analysts often compare bullion’s run to the dot-com mania of the 1990s, and, as we’ll see, there are some startling similarities. The endgame for the tech stock bubble featured extremes in the magnitude and the velocity of stock price changes. In early 2000, prices ran up fast and, just as quickly, collapsed.
In the wake of the recent QE2 announcement, the Gold Price certainly spiked sharply higher, but bullion’s path hasn’t yet traced the pattern that usually precedes a blow-off top. Emphasis on the word “yet”.
Look back at gold’s bull run, starting in 2001, and compare it with that of the Nasdaq Composite in the 1990s…
Presently, gold’s bull market is 118 months old and, based on the London morning fix at October’s end, has bestowed a 501% gain on bullion holders.
Some 118 months into its run-up, meantime, the technology-laden Nasdaq Composite had appreciated 713%. At that point, the Nasdaq was just four months shy of its ultimate top – a gain of 1,130% from its January 1990 base. And those last four months were some of the Nasdaq’s most volatile. The index exhibited an annualized volatility of 19.3% over the preceding decade, but its standard deviation ballooned to 34.5% in the terminal trimester of its bull run.
Gold’s volatility over the past decade has remained a relatively quiescent 17.0% per annum, less than that of the contemporaneous equity market. The new highs scored by gold, too, aren’t running far ahead of bullion’s average price. When a market reaches toward a frothy apex, prices will typically advance faster than average, but the recent highs in the Gold Price have fallen well within the metal’s normal volatility pattern.
Over the past decade, Gold Prices have notched new highs when bullion has traded 17% above its 10-month moving average. New highs in September and October were just 12% and 15%, respectively, above the metal’s average price.
So history suggests that gold will need an even steeper price climb to form a proper bubble – the final inflation before the inevitable pop. And November’s trading action to date certainly seems to be setting the stage for such drama. Spot gold spiked 3.1% higher in the first third of the month, as volatility rose to 23.2%.
That Gold Prices will eventually fall is a pretty much a given. The question is when, and from what level.
Let’s deal with the “level” part first. A large contingent of gold aficionados believes that gold will converge upon its inflation-adjusted high set back in January 1980. A London fix of $850 projected through 30 years of a rising Consumer Price Index would make that target at $2,253 presently.
Now, go back to the Nasdaq model. The rise in the last four months of the index’s 2000 run-up was a whopping 58%. Bullion would need to notch a 69% gain to hit its inflation-adjusted high by the 122nd month of its bull run.
Doable? One can’t say it isn’t. How probable, though?
Well, to significantly dull gold’s luster, the fundamentals that set gold on its present course – namely the debasement of the US Dollar, together with the uncertainty and fear precipitated by global terrorism –must be mitigated. Bullion’s run isn’t being fueled by a dearth of metal, but rather out of a lack of faith in the greenback. That faith isn’t likely to be restored in four months’ time.
The evidence of gold’s utility as the “anti-dollar” is scribed by its price trail in the world’s other reserve currency, the Euro. Since the common currency launched in 1999, gold’s price has climbed at a compound annual rate of 14.6% in Dollars. Gold’s appreciation in Euro terms has been just 12.9% per annum since 1999. The new highs bullion is now lodging in dollars just aren’t being matched by new Euro records. Gold’s scored a new high in the Eurozone currency back in June and hasn’t yet exceeded it.
Now let’s consider the “when” part. There will likely be early warning signs of a shift in gold market dynamics before a blow-off occurs. The so-called “smart money” – the hedge funds and institutional accounts that have been driving investment demand for bullion – may ditch gold, out of fear of diminishing returns or simply to exploit better opportunities in other markets. When the hedgies leave, the gold market will be left to smaller speculators.
In fact, we’ve seen a bit of that already. The net speculative length of the Comex gold futures market fell in October, after weeks of unabated expansion. Long positions held by all speculators – large together with small – dipped by 9% in time for Halloween. Parsing the trader commitment data reveals the outflow was actually an exodus of money managers from the gold market. The number of funds holding long positions in gold futures fell 9%, while the fund runners lightened their net long contract commitments by 12%.
But while institutions and hedge funds exited the market, small speculators increased their long gold exposure. There was a 5% uptick in the size of small speculators’ net long position in October. So the influx of small speculators filling a vacuum left by large traders typically speaks of a late-stage bull market. It’s the “little guy” that gets in last. We ought to see even more dramatic evidence of retail Johnny-come-latelys in the marketplace near the ultimate top of the gold market.
That’s not to say funds have lost all their interest in gold, though. Of the extant positions held by money managers, 94% are still long.
At one point earlier this year, virtually all gold positions held by funds were purchases, but now other opportunities beckon to fund capital. This exodus of capital also showed up in the SPDR Gold Shares Trust – the world’s largest Gold ETF – where we’ve seen a dissonance between prices and recent capital flows into the trust.
As Gold Prices climbed in early October, GLD’s Money Flow Index dropped precipitously – a harbinger of the price break that came at midmonth.
The Money Flow Index is a volume-weighted measure of the capital flows into and out of a security, and indicates the strength or weakness of a current price trend. When the MFI moves in the same direction as prices, it confirms trends and indicates they’re likely to continue. Divergence signals a likely change in the price trend.
In the week following Oct. 15, Gold Prices slumped nearly 4%. While prices have since recovered, the SPDR Gold trust’s MFI still remains relatively weak. We’ll see more divergence in GLD’s Money Flow Index when gold’s ready to top out.
So what next? Taking into account the forgoing, odds are there’s still some time left in gold’s run. And, as the Nasdaq bubble demonstrated, gold’s biggest gains are likely to be made in the immediate run-up to the market top.
This knowledge is likely to tempt more adventurous investors to jump aboard the gold train for the last leg of its bullish journey – however long that may run. The cautious among them will monitor early warning indicators for signs of topping.
There’s still money to be made from gold in the near term, I believe. Just how “near” is “near” is anybody’s guess, however.
Buying Gold today? Make it simple, secure and cost-effective by using the award-winning, mining-industry backed world No.1, BullionVault…
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Here’s this week’s round-up of Safeway (NYSE:SWY) news briefings. Tyson Foods (NYSE:TSN) shares ended the week at 14.99 (as of 11/12/2010). Weekly News Roundup: Tyson Foods (NYSE:TSN) Monday 25 October Tyson Foods (NYSE:TSN) has announced the opening of its diesel factory. Our hats are off to agriculture giant Tyson Foods (NYSE:TSN) and fuel developer Syntroleum Corporation, who have opened a plant that makes diesel from chicken fat and leftover food grease. The raw materials are gathered from Tyson Foods (NYSE:TSN)'s meat-processing plants and other food-processing factories and restaurants. Tyson Foods (NYSE:TSN) and Syntroleum are not making biodiesel, mind you. They are using heat to change the molecular structure of fats and oils, then refining them into fuel. This fuel is registered with the Environmental Protection Agency for the use in cars and trucks. Wednesday 27 October Tyson Foods (NYSE:TSN) has given a donation to build a child development center. Tyson Foods (NYSE:TSN) has, through its Tyson Foods Foundation, provided $2.5 million to the University of Arkansas at Fayetteville for the establishment of a child development center. The proposed facility will afford much-needed child care for faculty, staff and students, with classrooms and indoor and outdoor play areas. It will also have observation rooms, so students majoring in education can study early childhood behavior and development. We will continue checking the Tyson Foods (NYSE:TSN) stock level for developments over the next few weeks.
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E money daily
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The Federal Reserve will be intervening in an attempt to support the economy in a big way by purchasing $600 billion dollars worth of bonds. What are the effects? The hope is to make the bond market less volatile and stabilize the market overall. Analysts are worried that inflation may be the result however. More specifically, investors are wondering if they should be holding on to their long term bonds because the inflation potentials could be eating away at the returns of these specific bonds. The Feds are signaling that they will focus a bit more on the short term bonds in their attempts at stabilization and thus, the 10-year note and shorter appear to be the area of focus. Right now, there are no major signs of inflation showing in the market. Price stability remains good and so everyone is focused on interest rates and inflation potentials. The purchase of the middle of the road treasuries is helping to keep interest rates low and the Feds are attempting to keep borrowing rates stable enough over the long term. This will allow business owners to feel confident in taking out loans to grow their business and take on new hires. Unemployment is expected to drop as a result. The current rate is hovering around 9.6%. Right now the jury is still out on bonds, interest rate stability and unemployment improvements. Hope the Fed’s more is “stimulating”. Author: Stephen Johnson
News Corporation (NASDAQ:NWSA) shares are currently trading at $14.41, a drop of 0.93% from previous closing price of $14.54. The company's shares have 52-week trading range of $17.00 – $11.11. The stock is trading at volume of 4.97 million shares. The market capitalization of the company is $26.26 billion. The daily average volume of stock is 17.23 million. The 1-year target estimate is $18.00. Recently, the company announced the appointment of Joel Klein as Executive Vice President, Office of the Chairman. He will report to Chairman and Chief Executive Officer Rupert Murdoch and will join News Corporation's Board of Directors. Finisar Corporation (NASDAQ: FNSR) shares are currently trading at $19.45, an increase of 8.48% from previous closing price of $17.93. The shares are trading at a volume of 5.22 million. The 52-week trading range for the stock is $21.44 – $7.65. The daily average volume of the stock is 3.33 million shares. The market capitalization of the company is $1.48 billion. The 1-year target estimate is $19.50. Yesterday the company announced preliminary results with expected revenues in the range of $240 to $241 million for its second fiscal quarter ended October 31, 2010. The company's previously communicated revenue guidance for the quarter was $215 to $230 million. The company expects non-GAAP gross margin to be approximately 35.5% and non-GAAP operating margin to be approximately 16.5% to 17.0%, exceeding the previously communicated operating margin guidance of 14% to 15%. The non-GAAP earnings per share are expected to be in the range of $0.41 to $0.43 for the quarter. Power-One, Inc. (NASDAQ: PWER) shares dropped by 4.36% to $8.55 from the previous close of $8.94. The stock is trading at market volume of 5.42 million shares. The 52-week trading range for the stock is $13.04 – $3.02. The daily average volume of the stock is 7.21 million shares. The market capitalization of the company is $908.83 million. The 1-year target estimate is $17.00. Recently, the company announced the appointment of Dr. Richard Swanson to its board of directors, effective October 29, 2010. Dr. Swanson was the founder and former President and CTO at SunPower Corporation and currently holds the position of President Emeritus at the company. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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Epic Stock Picks
Below are the top 10 U.S.-listed Chinese stocks with the highest short interest as a percentage of total shares outstanding, UPDATED TODAY before 4:30 AM ET. Short Squeeze and Short Covering can cause these stocks to rise sharply.
China-Biotics Inc. (NASDAQ:CHBT) has the 1st highest short interest in this segment of the market. Its short interest is 19.5% of its total shares outstanding. Its Days to Cover is 12.36, calculated as current short interest divided by average daily volume. RINO International Corporation (NASDAQ:RINO) has the 2nd highest short interest in this segment of the market. Its short interest is 17.0% of its total shares outstanding. Its Days to Cover is 5.34, calculated as current short interest divided by average daily volume. A-Power Energy Generation Systems, Ltd. (NASDAQ:APWR) has the 3rd highest short interest in this segment of the market. Its short interest is 14.8% of its total shares outstanding. Its Days to Cover is 9.43, calculated as current short interest divided by average daily volume. Harbin Electric, Inc. (NASDAQ:HRBN) has the 4th highest short interest in this segment of the market. Its short interest is 14.1% of its total shares outstanding. Its Days to Cover is 4.75, calculated as current short interest divided by average daily volume. Mindray Medical International Limited (NYSE:MR) has the 5th highest short interest in this segment of the market. Its short interest is 13.6% of its total shares outstanding. Its Days to Cover is 29.64, calculated as current short interest divided by average daily volume.
Duoyuan Global Water Inc (NYSE:DGW) has the 6th highest short interest in this segment of the market. Its short interest is 11.6% of its total shares outstanding. Its Days to Cover is 7.65, calculated as current short interest divided by average daily volume. Telestone Technologies Corporation (NASDAQ:TSTC) has the 7th highest short interest in this segment of the market. Its short interest is 11.3% of its total shares outstanding. Its Days to Cover is 5.53, calculated as current short interest divided by average daily volume. American Dairy, Inc. (NYSE:ADY) has the 8th highest short interest in this segment of the market. Its short interest is 11.1% of its total shares outstanding. Its Days to Cover is 42.67, calculated as current short interest divided by average daily volume. China Agritech Inc. (NASDAQ:CAGC) has the 9th highest short interest in this segment of the market. Its short interest is 11.1% of its total shares outstanding. Its Days to Cover is 5.35, calculated as current short interest divided by average daily volume. Wonder Auto Technology, Inc. (NASDAQ:WATG) has the 10th highest short interest in this segment of the market. Its short interest is 10.9% of its total shares outstanding. Its Days to Cover is 8.26, calculated as current short interest divided by average daily volume.
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China Analyst
Top 10 U.S.-Listed Chinese Stocks with Highest Short Interest: CHBT, RINO, APWR, HRBN, MR, DGW, TSTC, ADY, CAGC, WATG (Nov 14, 2010)
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Hot Stocks: Accretive Health Inc. and STR Holdings Inc. Schaeffers Research – Nov 12, 2010 (Editor's note: The original version of this article included a stray paragraph from an earlier Trading Floor Blog post.) The Dow Jones Industrial Average (DJIA) has plummeted roughly 88 points …
Hot Stocks: Accretive Health Inc. and STR Holdings Inc.
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A couple weeks ago, one of the hottest IPOs in a long time took place. SodaStream International Ltd. (SODA), an Israeli company, went public, selling 6,250,000 shares at $20 per share. SodaStream manufactures and markets home beverage carbonation systems, which can turn tap water into sparkling water and soda in just a few seconds. The product is available for purchase at Bed Bath & Beyond (BBBY), Macy’s (M), Sears (SHLD), Williams-Sonoma (WSM), and numerous other retailers. On the day the stock went public, it started trading at 24.12 per share and kept rising during the day, closing at 30. Within a couple days, it jumped to 34.88. (Disclosure: I own shares in SODA.) It has since sold off since then. This stock may be a little rich for your blood, so if you are interested in Israeli companies, there are several that pay dividends. The payouts can help reduce volatility and speed up your return of capital. According to WallStreetNewsNetwork.com, there are more than half a dozen Israeli companies with high yields ranging from 1.4% to 9.7%. Elbit Systems Ltd. (ESLT), a manufacturer of defense systems and products, pays dividends quarterly and yields 2.4%. The company has been paying dividends since 1997. The stock trades at ten times forward earnings and sports a price earnings growth ratio of 1.08. Cellcom Israel Ltd. (CEL) is a cellular communications provider in Israeli that yields 9.7%, with dividends having been paid payable quarterly since 2007. The stock has a price to earnings ratio of 10 and a PEG ratio of 1.12. Teva Pharmaceutical Industries Ltd. (TEVA), a developer and producer of generic and branded pharmaceuticals, has been paying quarterly dividends since 1997 and yields 1.4%. It trades at ten times forward earnings and carries a PEG of 0.79. The dividend paying stocks from Israel that trade in the United States can be found in an Excel list at WallStreetNewsNetwork.com, which is available for download, sorting, and updating. Disclosure: Author owns SODA. By Stockerblog.com
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LSE news roundup: Marks & Spencer, BSkyB, Inmarsat, Shell, Barclays, InterContinental, Randgold Proactive Investors UK – Nov 13, 2010 In the aftermath of the recent Trent 900 engine incident, Rolls-Royce's (LON:RR) profit growth for the full year will fall short of expectations. Oil and gas engineering firm Petrofac (LON:PFC) as …
Cisco Systems, Inc. (NASDAQ:CSCO) fell 0.39% to $20.44. The 52-week range of the stock is $19.82-$27.74. The stock went down more than 14% year-to-date. The stock has average daily volume of 62.41 million shares. At current market price, the market capitalization of the company stands at $114.11 billion. Microsoft Corporation (NASDAQ:MSFT) lost 0.97% to $26.42. The 52-week range of the stock is $22.73-$31.58. The stock went down more than 13% year-to-date. The stock opened at $26.46 and is trading within the range of $26.36-$26.52. At current market price, the market capitalization of the company stands at $226.03 billion. AT&T Inc. (NYSE:T) went down 1.04% to $28.53. The 52-week range of the stock is $23.78-$29.49. The stock went up more than 1% year-to-date. The stock has average daily volume of 23.50 million shares. At current market price, the market capitalization of the company stands at $168.67 billion. Oracle Corporation (NASDAQ:ORCL) is trading 0.11% lower to $28.54. The 52-week range of the stock is $21.24-$29.82. The stock went up more than 16% year-to-date. The average daily volume of the stock is 34.16 million shares. At current market price, the market capitalization of the company stands at $143.27 billion.
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Newsworthy Stocks
Here is your daily Apple (NASDAQ: AAPL ) stock news and rumors for November 12, 2010. iTunes didn’t get the software update that was rumored earlier this week, but it did get new Twitter functionality. Also, iOS 4.2 may be coming next week, provided its problems on the iPad get worked out in time. Finally, a new Wall Street Journal report says that iAd is improving mobile advertising business for a number of ad agencies, not just Apple Inc. Apple iTunes Social Network Ping Gets Twitter: Now iTunes users can add 140 extra characters to updates notifying their friends what album they’re currently listening to. Privately owned and popular social network Twitter announced yesterday that they have integrated their micro-update service with the recently launched iTunes social network Ping. Users with both Ping and Twitter accounts can link the two, letting them mix friend lists from both services and automatically post actions on Ping to Twitter pages. Options to “Post,” “Review,” and “Like” on Ping are automatically sent to the linked Twitter account when used in Ping, and links to sample and purchase songs on iTunes are then added to posts at Twitter.com. Integration with the popular network will be essential in Apple’s drive to get its millions of iTunes users active on Ping. While Twitter's integration is a good get for AAPL, there is still no word on when Facebook functionality will finally be integrated into Ping. Ping launched with Facebook tools at the beginning of last September, but were quickly pulled from the service as the social network and technology giant had yet to reach an official agreement linking the two services. iOS 4.2 Update Rumored to be Delayed Over WiFi Issues: The week starting November 8 th began with murmurings that the long-expected software updates to Apple’s major operating systems, OS X 10.6 Snow Leopard and iOS 4, would finally be available for users to download. Mac OS X 10.6.5 did indeed release to the public, bringing a wealth of stability fixes to the operating system. Today, however, iPad and iPhone users are still waiting for iOS 4.2 to be made available. Greek website iPhoneHellas , known for accurate reports of Apple software update releases, now says that the mobile operating system update will arrive next Tuesday, November 16 th . Another rumor running at MacStories says that the software update may be delayed beyond next Tuesday though. According to that story, AAPL has encountered issues with WiFi connectivity in iPads using the current version of iOS 4.2. A new gold master of iOS 4.2 will be prepped to solve the issue before iOS 4.2 is released to the public. iAds Improving Business for Small Mobile Advertising Companies: Rather than crushing the competition, Apple’s recently launched mobile advertising platform iAds is actually improving business for rival mobile advertising companies according to a new report from the Wall Street journal . The report includes strong praise from the heads of mobile advertising companies Sprout and Publicis Group SA who both claim that rather than monopolize the field, iAds has legitimized mobile advertising as a profitable method of reaching consumers. It is speculated that the high cost of entry for using the iAd service—it’s been hinted that AAPL required a $10 million campaign commitment from advertisers when iAd first launched last July—has driven many advertisers with lower budgets to groups like Sprout. iAd, meanwhile, continues to grow. It was announced last week that AAPL would be opening a new office for its iAd operations in New York City’s Union Square in anticipation of bringing the service to the United Kingdom and Japan. The upcoming iOS 4.2 mobile operating system update will also bring iAd support to the iPad, opening a new audience of millions to potential and current advertisers. As of this writing, Anthony Agnello did not own a position in any of the stocks named here.
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