Taking the Initiative to Enhance the Value of Internet Initiative Japan
Internet Initiative Japan (IIJI) (3774) is a Japanese internet service provider offering a full suite of connectivity and outsourcing services. It is a pioneer among Japanese internet-related companies, having originally listed its shares on the Nasdaq in 1999, before eventually listing in Tokyo (Mothers) in 2005 and later transitioning to Topix 1st Section.
At the end of February, I submitted a letter to the company’s chairman (Mr. Suzuki) and its other directors. While applauding them for their prior decision to repurchase shares, the timing of which coincided with the bottoming of IIJ’s stock, and also for maintaining the dividend, I voiced some concerns and submitted proposals that are either to be actioned or designated for resolution at the Annual Shareholders’ Meeting this June. IIJ’s Investor Relations Officer has been helpful and cordial, and has already forwarded my letter and proposals. Below, I will briefly outline my position.
Biotechnology M&As, Wholesale Mix the Markets and ETFs
Tom Lydon (ETF Trends) submits:
Mergers and acquisitions are starting to be a sign of the times. An unexpected decline in wholesale inventories wasn’t enough to put the markets in the red in early trading, thanks to a slew of M&A deals in the biotechnology and financial sectors.
Abbott Laboratories (ABT) is going to buy [...]
How to Reduce Foreign Oil Imports
Michael Fitzsimmons submits:
The United States uses ~25% of the world’s oil and imports ~65% of it. The economic, environmental, and national security issues arising from this dependence on foreign oil are obvious. The chart below summarizes American wealth transferred overseas to purchase the oil it must have.
Year
Barrels of Oil Imported
Money Sent Overseas
2008
$475,000,000,000
2009
4,350,000,000 barrels
$265,000,000,000
2010 (January [...]
Fairfax Financial: Don’t Forget the Good Side of the CDS Market
Streetwise Blog submits:
By Tara Perkins
Fairfax Financial (FRFHF.PK) has its fingers crossed that U.S. President Barack Obama won’t bow to pressure to curb trading of credit default swaps.
Complete Story »
Test Results Published Show Flash Is Not a ‘CPU Hog’ as Apple Claims
Dan Rayburn submits:
There’s been a lot of discussion on the blogsphere over the last few weeks due to Steve Jobs being quoted as saying one of the reasons Apple (AAPL) won’t support Flash video on the upcoming iPad was due to Flash being a "CPU Hog". Apple’s workaround to Flash video is to use HTML5 [...]
8 Companies That Will Benefit From Cisco’s ‘Internet 2.0′ Initiative
James Altucher submits:
I went on Kudlow’s show on CNBC last night to discuss the new Cisco (CSCO) announcement that, as CSCO put it, “will change the Internet forever.” I mentioned that this was a classic “sell the news” reaction with CSCO stock falling off into the close. Although I didn’t note, CSCO stock had had [...]
Abbott’s Acquisition Spree
Zacks.com submits:
Abbott (ABT) continues to be in an acquisition mode, recently announcing its intention to acquire Facet Biotech Corporation (FACT) for $27 per share. The total purchase price is approximately $722 million, including Facet’s projected cash and marketable securities of approximately $272 million.
Last year, Facet rejected an offer from [...]
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