Diamonds and Dogs
Stocks rebound. The cash rich companies like Apple (AAPL) and Cisco (CSCO) are rebounding 2% after last week's drumming. Apple has 20% of their market cap in cash while Cisco has 15% of their market cap in cash. With large share buyback plans in place, these two tech titans can take advantage of the recent pullback for their shareholders.
Here come the regulators. Facebook (FB) is down 2% not far from a two month low as a German court ruled that Facebook's insistence that users provide their real names violates the country's data protection laws. The Berlin state court ruled in a suit brought by the Federation of German Consumer Organizations that Facebook's "real name" clause violated the country's regulation that providers of online services must allow users to remain anonymous. Expect more regulation against Facebook, Amazon, Google and others.
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