UPDATE 1-China's Weichai Power eyes Delphi assets - exec
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Reuters U.S. Company News
08:53 a.m. 12/13/2006
By Fang Yan
SHANGHAI, Dec 13 (Reuters) - Chinese diesel engine maker Weichai Power Co. Ltd. is interested in buying assets of bankrupt U.S. auto parts maker Delphi Corp. (DPHIQ), Weichai's executive director said on Wednesday.
"We are interested in Delphi's assets as their technologies are the best in the industry," Xu Xinyu told Reuters on the sidelines of a business forum. "We might have some cross-border acquisitions next year."
A deal would give Weichai a foothold in North America, a market many Chinese auto makers and parts suppliers have been eyeing.
But any move by the Chinese company to acquire Delphi's component business could spur opposition from U.S. labour unions and politicians fearful of more job losses and the transfer of technologies to China, analysts say.
In an effort to slash costs and emerge from bankruptcy protection, Delphi, a former General Motors (GM) unit, said earlier this year that it aimed to sell or close by the end of 2007 non-core product lines.
Delphi said these could include brake and chassis systems, cockpits and instrument panels, door modules and latches, and steering and wheel bearings.
Xu did not say which assets his company is particularly interested in.
Hong Kong-listed Weichai, which competes with companies like Cummins Inc. (CMI) to supply engines to the world's second- largest auto market, had in September announced a plan to also list on the Shenzhen Stock Exchange, after privatising its unit Torch Automobile Group Co. Ltd.
Wednesday, December 13, 2006
Tuesday, December 12, 2006
AAPL Chart from Dec 15, 2005 Thru Jan 15, 2006
Will AAPL 's stock performance repeat itself again in late December through January?
See Last Year's Chart
RSI is at the 50 level and would not consider selling until we reach the "green" overbought area at the RSI 90 level.
See Last Year's Chart
RSI is at the 50 level and would not consider selling until we reach the "green" overbought area at the RSI 90 level.
Monday, December 11, 2006
Apple Stock Expected To Advance In Anticipation Of New Products That Are Expected To Be Announced Soon
Our guess is:
iPOD cell phones - a deal with Motorola or Nokia?
iTV products that will bridge the Internet with your TV or computer?
More iTunes music and new iTunes movie download services?
iPOD cell phones - a deal with Motorola or Nokia?
iTV products that will bridge the Internet with your TV or computer?
More iTunes music and new iTunes movie download services?
Prediction: Costco and Best Buys #1 Selling Items
The iPOD and iTunes gift cards!
Lesson #1: If you like the product and everyone is buying it (ie. iPODs)....BUY the stock.
Lesson #1: If you like the product and everyone is buying it (ie. iPODs)....BUY the stock.
AAPL IS OUR FAVORITE PICK
Short term target $93.
LT target $130 level or when notified or indicated as overbought on the RS chart at the 90 green level. Currently, we sit at the 55 level. See Chart
LT target $130 level or when notified or indicated as overbought on the RS chart at the 90 green level. Currently, we sit at the 55 level. See Chart
Peeling Off Some TIE and ATI - Buying AAPL On Recent Drop
iPods are flying off the shevles my friends. Strong iPod sales seen for kids, Mom, Dad and friends. Expect AAPL to break PAR or $100 by January.
Would be a buyer of TIE in the low $30 range if it gets there.
Would be a buyer of TIE in the low $30 range if it gets there.
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