Cash Hoardings of (some of Tech/misc) Giants

Company	Date Noticed	Cash Reserves	Market Cap
Microsoft	Q1, 2010	54.5B	270.87B
Cisco	Q1, 2010	50.1B	155.68B
Apple	Q1, 2010	41.7B	238.44B
Google	Q1, 2010	31.5B	167.12B
Intel	Q1, 2010	23.7B	127.94B
Qualcomm	Q1, 2010	12.6B	62.66B
Berkshire Hathway	Q1, 2010	30.5B	191.58B
Oracle	Q1, 2010	23.9B	130.50B
HPQ	Q1, 2010	51.6B	125.11B
Amazon	Q1, 2010	7.9B	62.51B

30 year returns of "ANY" period in history is surprisingly consistent.

30 year returns of "ANY" period in history is surprisingly consistent. 

The chart on left shows a huge run up after recession worries abated in Mach 2009. 1 year volatility is very high but 30 year returns are consistent & volatility low.
Periods of good returns always follow bad & bad follows good.

Reversion to mean


The professors don’t disagree that, historically, the stock market’s returns over various 30-year periods have been surprisingly consistent. Periods of particularly good returns have been followed by subpar ones, and vice versa — a process that statisticians call reversion to the mean. Prof. Jeremy Siegel, also of Wharton, and the author of “Stocks for the Long Run,” is often credited with demonstrating that mean reversion has been at work in the American stock market since 1802.



Working paper : t the University of Chicago Booth School of Business, and Robert F. Stambaugh, a finance professor at the Wharton School of the University of Pennsylvania. A copy is athttp://ssrn.com/abstract=1136847.

Q1 2010 Analysis

Intel Analysis

I was concerned over pull back to gap left, but with market lifting, Intel is heading to $26-$27 range in next six months. It can go to $30's

From March 2010 analysis:

Intel stock moving towards 23.75 to 24 range in next month or so. At 24 it will face strong resistance. Depending on earnings this Q, Intel could break through from resistance. If that happens, Intel could go to $31.25, with supports @$21.5 & $19.1. Even if Intel doesn’t break thru 24, it will find solid support @19.1

Intel announces earnings on 04/13/10