Felix Salmon

Why Dell is going private

February 5, 2013

Why are Michael Dell and Silver Lake taking Dell private at a valuation of $24.4 billion? Christopher Mims explained his theory a few weeks ago: it’s all about a company that Dell acquired last year for roughly $500 million. Wyse makes PCs-on-a-USB-stick: everything is in the cloud. According to Mims, if you combine Wyse’s technology with Dell’s ability to talk the kind of language that corporate IT buyers love, Dell is now well position to disrupt itself:

Counterparties: Volcker with voltage

February 4, 2013

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

The SEC’s prospects against Stevie Cohen weaken further

February 4, 2013

Andrew Ross Sorkin and Peter Lattman have uncovered an interesting wrinkle in the SEC’s case against Mathew Martoma, the most promising part of its huge investigation into Stevie Cohen. The SEC made quite a big deal of the fact that Martoma didn’t just sell his position in two pharmaceutical companies ahead of a big negative announcement; he even kept on selling after that, building up a substantial short position.

Why gambling rules should be national

February 4, 2013

Jim Surowiecki’s column about sports betting has appeared at roughly the same time as two important news reports. Firstly there’s a big Lucy Kellaway piece about traders in the City of London who become addicted to sports betting, with disastrous consequences for their careers and marriages. And secondly there’s the results of a 19-month international investigation, uncovering match-fixing in a mind-boggling 680 high-level soccer matches, including World Cup and European Cup qualifiers as well as a Champions League match in the UK.

Counterparties: Less is more green

February 1, 2013

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

Why Jeff Bezos cares about his share price

February 1, 2013

Justin Fox has a great little post called “How Amazon Trained Its Investors to Behave”:

Next steps

February 1, 2013

Three weeks ago, Joe Pompeo reported that “the one area still in recruitment mode”, when it comes to the brand-new Reuters website launching in March, was “the business vertical, the broad direction of which is being overseen by Ryan McCarthy and Reuters columnist Felix Salmon”.

The inherently complex payrolls report

February 1, 2013

This month’s payrolls report is one only a statistician could love. The official press release contains three whole pages on the subject of revisions and rebenchmarking, on top of the box on the front page: the very clear message is that we’re starting a new year, and that it’s a very bad idea to compare the January numbers to the December numbers.

Counterparties: Deutsche’s hope and “uncomfortable change”

January 31, 2013

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.