Name this Phone Maker's Ad Campaign: iDoalotmore

In India there is an ad campaign, iDoalotmore.


Which smartphone device maker does this ad represent? Here are some of the features for this phone:

• True multi-tasking
• USB On-The-Go
• Wireless file transfer (BT 3.0 or wifi)
• FM transmitter
• Hot swappable Micro SD
• Faster GPU
• Better camera with Xenon
• AMOLED display
• Single piece Aluminum chassis
• "Replaceable" battery
• Applications store with 70,000 apps
• Customizable fonts/themes/ringtones/wallpaper
• HDMI out (w/display fully repeated)
• Dual charge ports (USB and micro pin) to support continuous play over USB OTG
• Dolby Surround 5.1
• Pentaband 3.5G
• Free on and off-line globally supported voice navigation

It's not Android.

It's not iPhone.

It's not Blackberry.

It's Nokia. It's quite remarkable how rapidly Android and Apple are growing in North America. 

Overseas, however, Nokia is still doing quite well.

Nokia is still the #1 phone maker (by units) in the world. 

Research in Motion is also doing quite well overseas, much like Nokia. RIM recently saw somewhere between $5B to $12B in market capitalization (share price) evaporate as the excitement over RIM's Playbook waned. As that value flattens or falls over the next 2-3 quarters, QNX, an operating system used in autos and power plants, will prove to be an important transition for RIM. 

RIM's market capitalization is $23B. Nokia's is $30B. Apple's is $312B.

More articles on RIM Here.

Blackberry Playbook Post-Processing Showdown

Original: From Playbook 5MP

Modified with $2.99 Photo Touchup App in 30 seconds: 

As angry analysts issue 'sell' reports on RIM after the fact (the time to issue this warning was prior to the stock running up), let's take a step back and think of what the Playbook can do in the area a photography.

This entry was blogged from a Playbook. Additional edits made on a desktop.

Above: 5mp rear camera Playbook, no processing.

Photo 2: post-processed with 'Photo Touchup' - app available on app world

Below: post-processed in Photoshop:

Modified in Adobe Photoshop in 5 minutes including upload time:

It is unfair to compare the abilities of Photo Touchup App to Photoshop. Photoshop is a professional tool with thousands of post-processing options, and costs 500 times more. The Playbook has a good 5MP lens with f/2.8. This makes the lens faster than the average camera.

In the above example, it was easy to adjust color amounts (of green/blue), light balance, etc. 

What Touchup allowed was the ability to quickly touch-up the photo in-tablet.

Conclusion: RIM Playbook has good apps available for processing photos. What's more important is finding the few apps that matter, and Photo touchup is one of them. 

To find the best apps for the playbook, select featured or top. The apps with the most comments alongside the ranking are usually the best ones that make the "favorite" section of the Playbook.

Amazon.com in a Bubble, RIM (Stock) is in Trouble

At Zerohedge, RIM's earnings shortfall was posted. RIM traded down between 10-15% last night, and is trading down 12.5% this morning in pre-market.

The culprit for the earnings shortfall? A refresh to the Blackberry smart phones is late. It seems that RIM was so preoccupied with the Playbook tablet launch that it neglected its core business. This is never a good thing, but was necessary for RIM.

Let's compare RIM's trading to that of Amazon.com. Amazon announced weaker earnings, with everything on its balance sheet showing that business is amiss. Stock traded down after-hours, but by the next day, it traded up.

A user posted this about Amazon.com (with formatting edited).
The user's website is here: www.lemetropolecafe.com

AMZN

Let's Talk About A REAL Bubble 

I love this quote from the Amazon.com CEO in the Company's press release that accompanied the earnings report: "We love inventing on behalf of customers and have never been more excited about the long-term opportunities."He's probably thinking to himself also: "We love inventing earnings reports on behalf of investors and have never been more excited about the opportunities for this enabled by GAAP and our Government."It boggles my mind that the only investment "bubble" that the financial media sees right now is gold and silver. I'm bored of explaining to people why gold is not even remotely in a bubble.

So let's look at what a real investment bubble looks like.

AMZN's total market cap is $90.4 billion. Now, AMZN announced that its latest operating income was $322 million vs. $394 million in Q1 2010. That's an 18% decline. Based the latest trailing 12 month cash flow just over $3 billion, AMZN is trading at 30x cash flow. When a normal company trades at anything over 5x cash flow, you expect that to be because you expect a very high rate of cash flow growth. BUT, AMZN's operating income, the largest component of cash flow, dropped 18%. Think the market is being insane about the prospects for AMZN's growth?

AMZN also announced that the operating income for next quarter would be between $94 million and $245 million. This is an incredibly wide variance in guidance and it blows my mind that the market has tacked on over $3 billion in market cap to AMZN for a company that can't project its cash flow expectation for Q2, which already 33% over! This is insane.
Let's give Bezos the benefit of assuming Q2 operating income will come in at the midpoint of $170 million and annualized that number, which is generous considering that operating income is now declining at double digits. This yields a forward operating income projection of $680 million. 

The stock thus trades at 132x operating income! THAT MY FRIENDS IS A BUBBLE.

Please note, we're not even talking about net income and p/e ratios here. Amazon's accounting is so obsfuscated by GAAP exploitation that I would more likely believe in the Easter bunny than I would Amazon's reported numbers.

So what's the deal? I used to track and untangle Amazon's accounting pretty closely up until about 8 years ago. I fatigued waiting for the SEC and NASD to crack down on AMZN'saccounting shenanigans. Of course the employees in those two organizations spend more time surfing porn than they do enforcing the law. The basic "crux" of Amazon's accounting exploitations has to do with how they account for fulfillment, marketing and shipping expenses. These are major major expenses for Amazon. Now, I don't have time to dissect its last 10K today, but I assume that they are still doing the same thing they were doing 8 years ago, especially since the source of their operating income cliff dive will be from these expenses.

In a nutshell, Amazon "buys" revenues by spending a massive amount on the process of getting you to buy from them. This includes subsidizing the price you pay by charging less than competitors and offering huge shipping deals, often extending free shipping. To be sure, they have negotiated favorable shipping deals with the big shippers. HOWEVER, they do not recognize the costs involved in all of this as they incur them, choosing instead to "capitalize" the majority of these costs. It's a "cost accounting" manipulation that is far too complicated for the regulators to understand. I don't have to go through the footnotes of their financials because all I had to do was read their press release to know they still do this.

Feel free to see what I mean HERE In the 7th paragraph they detail the nature of what I call their ramped up "revenue buying" programs.

The fact of the matter is that Amazon is one big ponzi scheme and as long as they can continue growing revenues, even at the expense of reporting declining operating income and cash flow, and as long as the stock market keeps inflating the AMZN bubble, then this scheme will continue. But believe me, the fact that their revenues are still growing at double digits AND their operating income is plummeting by double digits, tells me that they are getting a lot more desperate and aggressive at "buying" revenues.
Eventually this will come to an unhappy ending for everyone except the CEO Jeff Bezos, who sells millions of shares every quarter.

I would too if I were him.

In the meantime, I often buy from Amazon because it is convenient and, if they want to subsidized the cost of getting a product to my house, it is a lot cheaper in terms of what I pay plus the time involved and I love a "free lunch."

The bottom line for me is that I know that if I had time I could show you how Amazon likely loses money every quarter on a net income basis. I focus on operating income and cash flow because those are the numbers AMZN highlights in its press release. This harkens back to the tech bubble days when "pro forma" accounting was inserted in the financial media in place of true GAAP accounting. Now all tech companies use "pro forma" accounting and the stock market is conditioned to use it too. But even the operating income numbers they report are manipulated and dirty.

If anyone is interested, the footnotes in the last 10K will give you the keys to backing into somewhat real numbers. But we would need to see the inside books to see the golden truth.