Timothy Lesko

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Tim Lesko on CNBC – How Apple has changed since Steve Jobs – 10/4/13

Monday, October 7th, 2013

Read Tim’s comments on CNBC.

CNBC – How Apple has changed since Steve Jobs

Tim Lesko – Memories of Facebook cloud Twitter’s IPO – 10/4/13

Monday, October 7th, 2013

Check out Tim’s comments on the Twitter IPO.

Reuters – Memories of Facebook cloud Twitter’s IPO

Tim Lesko on CNBC – Dishing on Apple – 9/30/13

Friday, October 4th, 2013

Check out Tim’s comments on Apple.

CNBC – Dishing on Apple

Tim Lesko on CNBC – Icahn tweet sends Apple soaring – 8/14/13

Friday, August 16th, 2013

Check out Tim’s comments on Apple.

CNBC – Icahn tweet sends Apple soaring

 

 

Tim Lesko on CNBC – Very Happy with Tim Cook: Pro – 7/24/13

Thursday, July 25th, 2013

Listen to Tim’s comments on Apple.

CNBC – Very Happy with Tim Cook

Granite’s Lesko, Bloomberg’s Johnson Discuss Technology (Audio) – 4/1/13

Monday, April 1st, 2013

Tim Lesko & Bloomberg’s Corey Johnson discuss technology April 1, 2013.

Listen to the discussion

Microsoft Write Down – $6.2 Billion in Shareholder Capital

Tuesday, July 3rd, 2012

We often write about why we dislike highly acquisitive companies: large acquisitions rarely work.  

The July 4th week is typically a quiet week on Wall Street; research is sparse and traders are on the beach.   This makes it a prime time for companies to try to slide news by the collective eyes of the markets.    We saw such a release last night.  Microsoft announced the write down of almost all of the acquisition cost of a mobile advertising company that it purchased five years ago.   The deal was worth $6.3 billion dollars and Microsoft wrote down $6.2 billion.   Granted, though the amount sounds large, it is not to Microsoft which has a market cap approaching $260 billion including $58 billion in cash on its balance sheet.  

Tony Blair at Schwab Impact Conference

Wednesday, November 2nd, 2011

I had the pleasure of listening to Tony Blair speak today at the Schwab Impact conference.  The former British prime minister is a fantastic speaker.  He engaged the group in a very thoughtful discussion about two major issues facing the world today: the European Debt Crisis and the Arab Spring.  

His basic thesis was very compelling: as painful as both crises are, they are necessary and form the foundation for a better future. The euro debt issue simply brought forward a system that was destined to fail eventually and now we are simply dealing with it in a shorter than expected time frame.  The Arab spring is something that western powers have been hoping for for years, a democratic push for basic human rights coming from young, technologically savvy youth demanding the very rights that we in America hold so dear.  

Debt Ceiling

Friday, July 22nd, 2011

Too Much Focus on a Deadline; Too Little Focus on the Tools to Solve the Problem

Our government’s inability to reach a common ground on the debt ceiling debate is causing anxiety among many.  While Republicans and Democrats scream “Cut spending!” and “Raise taxes!” at each other from across the aisle; they appear to be losing focus on what the public wants and needs… AN ANSWER!  Fear of the “unknown” is causing this anxiety and the longer this bickering goes on, the easier it becomes for the media to sensationalize the worst case scenario.  Our government has the tools to fix the debt situation over time; they aren’t popular tools to use, but they are effective.  Too much media focus is being placed on a very short-term deadline and not enough focus is being placed on the actual answer to the problem.    

Egypt…

Friday, January 28th, 2011

Market reactions to events around the world are often troubling and confusing.  Egypt today is just such a situation.  Investors sit and think about what they own and how their investments will be affected by such a violent display. Markets hang on every word from politicians and economists hoping to get a handle on the issues of the day.

The truth is that no one has the immediate answer. No one knows if this issue will calm down or get worse. No one knows if it will continue to spill over to other countries (Tunisia has already moved in this same direction) and regions that suffer from prolonged periods of economic trouble. All we can do as investors is try to think of all of the different scenarios and how they might affect the sales, revenue and earnings of the companies that we own.