John Paczkowski

Recent Posts by John Paczkowski

Former Merrill Lynch Analyst Upgrades AMZN to "Shinola"

His proclivity for pumping stocks that he privately derided as “POS” (“pieces of s—“) aside, who better than former Merrill Lynch analyst Henry Blodget to comment on the Amazon run-up today? After all, it was Blodget who once predicted Amazon shares would someday trade at $400. And while that’s a far cry from where the company’s trading right now, it did spike 22% to its highest price in more than two years today, thanks to some strong first quarter earnings. Amazon reported a first-quarter profit that more than doubled as sales jumped 32% — a nice change for a company that has for eight consecutive quarters posted earnings that have dropped or failed to increase from the prior-year period. Said Blodget:

Amazon hasn’t become the company I hoped it would back when I put that $400 target on it ($67 in today’s split) in December 1998. It’s still a great franchise, though, and I’m still a happy Amazon customer. I don’t own the stock because I expect it to soar. I own it because… well, because I’m going to own it until it breaks through $400 ($67) again or goes bust, whichever comes first. I don’t even follow the company that closely anymore (too depressing). But last night’s quarter, and today’s 25% pop, certainly come as a breath of fresh air.”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik