Teen Traders' Blog

Ever since rumours about Apple’s tablet being launched surfaced, media world over just couldn’t stop writing about it, many predicting another blockbuster from the Apple shed. Investors have gone berserk and hopes are sky high.

 Brian Claufield writes on Forbes that Apple’s chief, Steve Jobs may be aiming the Tablet at the Amazon’s hot-selling e-reader Kindle.

Oppenheimer analyst Yair Reiner reports that Apple shall begin the manufacturing of the Tablet from February suggesting a late April Commercial release. Assuming that Apple sells 1-1.5 million units for $1000 each and make up 22% margin the tablet could amazingly add 25-38cents per Apple’s each share.

He writes Apple might be approaching publishers with a better deal then what Kindle offers. Reiner writes that Apple might just ask 30%  of revenues generated by selling e-books and moreover will not ask publishers for an exclusive commitment somewhat similar to the 70-30 share that Apple already offers to the developers making software for its iPhone and iPod Touch

-The initial public offer(IPO) of private ship-builder Pipavav Shipyard got subscribed 6.64 times till the final day today, getting a strong response from investors.BusinessStandard

-Bharat Sanchar Nigam (BSNL) would provide 1.5 lakh mobile connections during this fiscal, even as the much awaited 3G Mobile would be introduced very shortly in Coimbatore and Tiruppur, a top BSNL official said today.BusinessStandard

-Google Inc. said Apple Inc.’s top marketing executive personally told the company that its Google Voice application had been rejected because it duplicates the telephone dialer on the iPhone and could be used as a replacement.YahooFinance

-India’s foreign exchange reserves grew $3.32 billion in the week up to September 11, 2009, to $280.98 billion on the back of portfolio investments and revaluation of currencies.BusinessStandard

-World’s largest steelmaker ArcelorMittal has asked the Orissa government to treat its proposed Rs 50,000-crore project on the issue of mining lease at par with other big ticket investments.BusinessStandard

-Valuation norms for insurance cos soon: IRDA.IndiaInfoline

-Cinemax , the largest multiplex chain in Mumbai with 36 existing screens, is getting bigger by adding four more with the launch of its new property at Ghatkopar on September 19.BusinessStandard

-UBS in talks with Cognizant, Genpact to sell its BPO units-EconomicTimes

-Kolkota headquartered RPG Enterprises said it would enter the coffee chain  business by setting up a Joint Venture with an US Company.   BusinessStandard

-Gujarat to award contracts for US$10bn Solar Power Project.IndiaInfoline

-The Sensex ended flat after recovering from the lower levels to continue its winning streak for the fourth day.  BusinessStandard

X-Men Origins: Wolverine , the latest sequel to the Marvel comics X-Men Series has roared at the box office, yet again!
Inspite of the concerns of the current ongoing flu and of the print that had been leaked on the internet, the movie still grossed a nice lot at the box office by getting nearly  $35Mn on its opening day itself.
The movie has till date grossed about $87Mn and is still going strong.
The movie has recieved mixed reviews with Rotten Tomatoes giving it “37% rotten” rating with 187 reviews (70 “fresh”, 117 “rotten”) whereas as Metacritic reported a “metascore of 44 out of 100 from 34 critic reviews.” Time said that the film is a “an O.K., not great, Marvel movie that tells the early story of the prime X-Man, and attempts to make it climax in a perfect coupling with the start of the known trilogy.”
Wolverine, released by News Corp’s Twetieth Century Fox as starring the actor Hugh Jackman was a good money maker internationally too. It made up $73mn internationally in 101 countries outside the US despite its month long delay of the Mexico- a strong market- release

Hulu, the video sharing site which is now fast gaining market share and now stands at No3 in Us and shall soon be No2 according to its speedy growth estimates, just got Another entertainment giant , Disney as an investor. This is again a show of confidence amongst the world majors in Hulu and Disney the third Entertainment major to join Hulu after amongst News Corp. and NBC and ofcourse PE firm Providence Equity Partners. TechCrunch reported that each of these PE firms Now hold nearly 27% each in the company.
Hulu will now Be adding Disney/Abc videos and shows to its distribution now. The video content site has now started to become a lucrative market for the Media companies, as every place on the net that draws users can be lucrative and eyeball grabbing.
The media companies still cant Ignore the No1 Video sharing site Youtube but still if they pbish their content first on Hulu they can have the lead and grow atleast if Not overtake Google’s Youtube.
Other media giants are now at a disadvantage (CBS and Time Warner) as they are not in the place they should be and might startup something of their own or consider joining in. A video sharing site by these in a joint Venture would be real benefit and shall divide the online quality video content market into a fragmented one and a one to be specualted about.
As for Hulu if it thinks it can overtake Youtube at the topslot, it has a LON LONG way to go as it just streamed 380mn videos on the month ending March whereas Youtube’s standings were at 5.9Bn. Thats nearly 15 times more than Hulu. But still having good content andothere business models can get it achieve a much higher growth rate.