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Live from CTIA with Jim Cramer and the CEOs of the four largest US carriers!
In one corner, we have CNBC's Jim Cramer. And in the other corner stands the heads of the four largest mobile operators in the United States: Ralph de la Vega (AT&T Mobility), Dan Mead (Verizon Wireless), Dan Hesse (Sprint) and Philipp Humm (T-Mobile). We fully expect Jim to lob a few hardball questions at these gentlemen, and there's no doubt zingers will be flung around. Who knows -- maybe we'll even get some news out of this keynote, so join us as we liveblog the Tuesday afternoon CTIA keynote, won't you? May 8, 2012 5:30 PM EDT
Join us for the CTIA keynote with the CEOs of the big four US carriers, tomorrow at 5:30PM ET!
In what seems to be turning into an annual tradition, the CEOs of the largest mobile operators in the US will be matching wits with Jim Cramer -- and each other -- in tomorrow afternoon's CTIA keynote. This year, however, we'll get to hear from T-Mobile chief Phillip Humm in addition to the usual trifecta of Dan Mead, Dan Hesse and Ralph de la Vega. We'll be liveblogging the show to soak in all of the latest news, quotes and groaners that may come out as a result. Join us! And while you wait, stay caught up on the happenings in New Orleans by checking out our event hub. May 8, 2012 5:30 PM EDT
Apple enjoys free Super Bowl advertising courtesy of NY Giants
While some tech pundits are bemoaning Apple's lack of ads during the Super Bowl on Sunday (the company hasn't run an ad during the big game for years), The Street's Jim Cramer is taking another view and one that is much more rooted in reality. Apple didn't need to pay for expensive Super Bowl air time, because the World Champion NY Giants provided tons of free advertising for the iPhone. As Cramer noted, "... there was one ad that struck me as the most honest, most riveting and most compelling of all. You see, the game had just ended, and Colts great Raymond Berry ran the Giant gantlet with the Lombardi Trophy. Suddenly it seemed like every other Giant pulled out an Apple iPhone to snap pictures of the moment. One after another after another. And I said to myself, there it is, not some pet dangling a bag of chips or some headlights killing vampires or King Elton getting trapdoored. Nope, there was an ad worthy of Steve Jobs and the company he built." Cramer went on to say "To me, the endorsement of Apple by real athletes who were not paid, especially when contrasted with the gift of the GM Corvette that Eli Manning didn't even seem to care about -- 'Eli, the keys, the keys, don't forget the keys!' -- said it all ... when everyone else is paying $3 million per commercial, Apple paid nothing and easily had the best ad of all." To see what Cramer's talking about, just check out the YouTube video below and count the number of iPhones that you see snapping photos and shooting video of Raymond Berry and the Lombardi Trophy. Amazing...
SAP co-CEO shares story of a compassionate Steve Jobs
Last week SAP co-CEO Bill McDermott told Jim Cramer that SAP was the largest enterprise user of iPads on the planet. In the 8 minute interview, which you can watch here, McDermott and Cramer talked about the iPad's adoption among businesses and the fact that the iPad is "the future." But one of the most interesting tidbits to come out of the interview was a personal story about Steve Jobs. Bill McDermott's mother had cancer and one day McDermott called Steve Jobs and asked him for help on the matter. As he told Jim Cramer: "As a matter of fact, when my mom was sick -- she had a similar ailment to Steve's -- I called him up for help, and I asked him for help. And the guy gave me an hour of his time. He gave me all of his docs, his experiences. He's a tremendous human being and the world is in his debt, he's a great visionary, and he's a terrific person. My heart goes out to him and his family." This story is one of the many that have leaked out from tech leaders after Steve Jobs' resignation last week and shows a compassionate and empathetic side of Steve Jobs that one rarely hears about. However, Steve Jobs private life will come into much sharper view in November when his authorized biography is published. For the biography author Walter Isaacson had access to dozens of personal and professional contacts in Steve Jobs' life. In addition to this unprecedented access Jobs also agreed to not read the book's manuscript until it was published. Steve Jobs biography will hit shelves on November 21st. [via Forbes]
Time editorial (sort of) explains why video games are a good economic indicator
Time Magazine thinks that video games are a good economic indicator -- as in, if the gaming industry is doing poorly (it's not), that speaks volumes about the national economic situation. And Time's reasoning is sound, more or less: "When people cannot spend $300 on a console or $50 on a game which can be used for hours and played over and over again, the money for discretionary spending has dried up." The piece references declines in sales of the Nintendo Wii (selling "only" 340k units in April) as well as the recent loss report by Sony on its PlayStation division. Problem is, it makes no mention whatsoever of the repeated analyst reports citing year-over-year declines being forced by AAA-games being released in the traditionally dormant late-Winter/early-Spring months, during 2008. And furthermore, the author worries about the sales of the PS3 in April, not making any mention of the relatively robust PS2 and PSP sales during the same time period. Then again, the Time website has Jim Cramer divvying out economic tips just three inches to the right of this piece, so, ya know, there's that trustworthy source of financial information.
Stewart vs. Cramer now on Xbox Live Video Marketplace
In the most lopsided victory since Boll vs. Kyanka, Jon Stewart took on Jim Cramer last week in The Daily Show ring and -- spoiler alert -- humbled the CNBC Mad Money host in a technically brilliant, 22-minute ass whoopin'. This instant classic is now available in its "unedited" (warning: F-bomb dropping) entirety on the US Xbox Live Video Marketplace -- free for Gold subscribers.Note: The video content (257 MB) is only accessable through the console and isn't queueable from the Xbox.com Marketplace.
Jim Cramer smackdown includes talk of Apple
I don't know if you watched the Jon Stewart interview with CNBC host Jim Cramer on the Daily Show last night. Stewart and Cramer have been feuding for a week about Cramer's bad financial advice, and the lack of any deep or meaningful reporting on CNBC as the market was melting down. As part of the back and forth (and I suggest you watch the whole clip) Stewart pulled out an old interview with Cramer where he talked about hurting Apple stock by claiming neither AT&T or Verizon was interested in selling the iPhone. Cramer was a hedge fund manager at the time, and may have wanted a quick short term profit by manipulating stock sales with misleading information. Cramer said it was legal, Stewart questioned the ethics. In the end, the SEC will have to decide.AAPL seems to be one of the top tech stocks that is buffeted by rumors, good and bad. In this case, here's a guy telling us how it works.Here's a link to the older interview on YouTube. The part about Apple begins about 3:30 into the clip.Thanks Jose for the tip and the link.Correction: One of our readers points out that Cramer was not running a Hedge Fund in 2006 but gave it up in 2001. Thanks Rick for setting the time line straight.
Smash my Zune: the Jim Cramer edition
The whole "smash my stuff" campaign was a tad comical at times, but we never really felt it connected with the 40-and-up age group per se. Au contraire, Jim Cramer from CNBC's Mad Money apparently felt that busting open a (cleverly chosen) brown Microsoft Zune would better illustrate how MSFT was a "loser," while AAPL was most certainly a winner. After (quite literally) ranting for a good bit about how Apple has single-handedly changed the way we listen to music, he informs everyone that the Zune was "beat before it hit the market," and proceeds to literally beat the Zune until it was (somewhat) damaged from multiple baseball bat blows. Notably, the Zune stood up fairly well to the torture, and still retained its shape after it took a lickin'. Of course, if you're really interested in whether the Zune or iPod give way to a brighter financial future for either company, you should probably hit up our pals at BloggingStocks for that, but be sure to check out the video of "Jim Gone Wild" after the break.[Via Digg]
