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RCA

A Sharper Focus

The leader in digital projectors launches an array of cutting-edge products

This issue we’re adding a new stock to our portfolio: InFocus (INFS) A leader in digital projectors for both businesses and the home, it has been aggressively slashing costs with the goal of becoming the low-cost producer while introducing a range of cutting-edge new products. And it is compellingly cheap compared to its rivals.

InFocus was the first to introduce a multiuse projector for below $1,000, its top-selling product in recent quarters. The company is rapidly developing new products for the accelerating consumer market, including ScreenPlay 7200, a projector TV geared to the high end of the home theater market, and the mid-range ScreenPlay 5700, recently named “projector of the year” by a prominent European trade association. In the high end TV market, the company sells components to Thomson-RCA and to SVA, China’s digital display leader.

In addition, InFocus is introducing a new line of thin display products.

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WHAT THEY’RE THINKING

Roy Neuberger: Trader Extraordinaire

Pfizer, as we note above, is testing a drug to help people achieve a healthy old age. Maybe Pfizer should just try to bottle legendary trader (and art collector) Roy Neuberger, who turned 100 in July and is still going strong.

Here’s a confession right off the bat: I haven’t spoken to Roy Neuberger personally in 10 years, since I last was privileged to have lunch with him. That was when he was a mere 90 years of age. So I don’t know what he thinks about the market today. But I know that the knowledge and instincts that made him a remarkable investor and trader throughout the 20th century are timeless and worth bringing to your attention.

For those of you not familiar with his story, first a few basic facts. Roy Neuberger began his investment career a few months before the Crash—the 1929 crash, that is.

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Weekly Update 03-28-05

Image by Getty Images via Daylife

Last week the Fed raised short term interest rates another ¼ point and restated its opinion that accommodation can continue at a measured rate. This is no big surprise.

But what did shake up the market was the Fed’s acknowledgement that inflationary pressures are rising. Of course, we knew all along that rising energy and commodity prices were going to push prices up. Haven’t airlines been making headlines recently with a series of fare increases to compensate for higher fuel costs? Didn’t the CPI rise in February at the equivalent of an annual rate of over 5%? OK, that was only one month. But if you look at the long-term charts of both CPI and core CPI (minus energy and food), it’s obvious inflation is creeping higher.Read more...

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