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Monday, September 8, 2008

UAUA United Airlines bankruptcy FALSE! UAL Rumors False 9/08/08

Another day, under rumor in the stock market! Whats new? UAUA shares have crashed in early trading as a 4 year old news story somehow hit the wires.....and then got past along to other news outlets. The stock market is corrupt...yes another sign.

UAL UAUA went down nearly 60% until it was halted. CNBC David Faber reported the headlines are false, and the company plans to come out and say it is not going Bankrupt.

Unreal! 9/08/08

Google ( GOOG ) Patent: Offshore Data Centers - Google Files New Patent 9/08/08

Google is always up to something....and that is why I am long the stock with the average of $470 per share. Yes, I am down on my position but this is " long term " and one day we will look back on GOOG when they are earning $10 per quarter in profit and asking ourselves why we didn't buy the stock in the midst of this credit crisis, below $500 per share.

Anyway, Google ( GOOG ) has filed a patent that enables the company to build data centers in the ocean which this would prevent any property taxes. Great Idea!

In a startling new take on data center engineering, Google has filed a patent for a “water-based data center” that uses the ocean to provide power and cooling. The patent also confirms Google’s development of a container-based data center, describing “crane-removable modules” to power the computing platforms.

The floating data centers would be located 3 to 7 miles from shore, in 50 to 70 meters of water. If perfected, this approach could be used to build 40 megawatt data centers that don’t require real estate or property taxes.
The patent application, which was filed in Feb. 2007, was noticed by TheODP, who posted details to Slashdot. That suggests that Google’s plans for floating data centers may predate a similar proposal from San Francisco start up International Data Security (IDS) to build data centers on cargo ships.
The Google design incorporates the Pelamis Wave Energy Converter units, which use the motion of ocean surface waves to create electricity and can be combined to form “wave farms.” The largest existing project uses seven Pelamis units to generate about 5 megawatts of power. Diagrams included with Google’s patent application indicate the company plans to combine 40 or more Pelamis units to produce 40 megawatts of power.

Stock Market - 9/08/08 - Pre Market Stock Analysis

This morning 9/08/08 we have the government bailout of Freddie Mac ( FRE ) and Fannie Mae ( FNM ). Dow futures are pointing up 254 points....Nasdaq up 36 points....and S&P 500 up 35 points. This is more or less a short squeeze but a case could be made for a double bottom to have formed with all three of the above averages.

ABK Ambac has exploded this will open pre market over $10 per share.

In other News.....smartphone sales are up 16% this year even with the global slowdown we have seen.....Apple ( AAPL ) and Research in Motion ( RIMM ) are up on this news.