Sunday, July 29, 2012
Saturday, July 28, 2012
Hungary GP Red Bull Racing James Allen tweet
#f1 Interesting to see FIA putting stickers over holes in side of Red Bull nose, to cover ride height adjuster? -- James Allen (@Jamesallenonf1)
Red Bull Hungary
Since putting the engine mapping debacle behind them, will Red Bull Racing find form in Hungary? Or do they have an slightly unstable chassis?
It will be interesting to see if Mclaren's new found pace will be real or not from their upgrade package.
And is Ferrari sandbagging or will strategy and quick pitstops be the order of the day?
Hungary has always been a bit of a crapshoot when it comes to brakes and reliability, so barring the usual unpredictable racing incidents, it might be interesting.
It will be interesting to see if Mclaren's new found pace will be real or not from their upgrade package.
And is Ferrari sandbagging or will strategy and quick pitstops be the order of the day?
Hungary has always been a bit of a crapshoot when it comes to brakes and reliability, so barring the usual unpredictable racing incidents, it might be interesting.
Mclaren gets 150th pole in Hungary
Hamilton takes McLaren's 150th pole position
Saturday 28th July 2012, 14:07 by TF1T Staff
© McLaren
Lewis Hamilton eased to McLaren's 150th pole position on Saturday for the Hungarian Grand Prix with a time four tenths faster than second placed Romain Grosjean.
The pole marks McLaren's return to the front after a difficult few races which have seen them off the lead pace set by Ferrari and Red Bull.
Grosjean starts ahead of Sebastian Vettel in third, with Hamilton's team-mate Jenson Button in fourth, seven tenths slower than the pole lap.
Kimi Raikkonen completes the top five with Fernando Alonso, Felipe Massa, Pastor Maldonado, Bruno Senna - his first time in Q3, and Nico Hulkenberg complete the top ten cars.
Mark Webber was the surprise of Q2 as he failed to escape the drop-zone and starts 11th ahead of Force India's Paul di Resta.
2012 Hungarian GP Qualifying Results:
Pos Driver Team Q1 Time Q2 Time Q3 Time
01. L. Hamilton McLaren 1:21.794 1:21.060 1:20.953
02. R. Grosjean Lotus 1:22.755 1:21.657 1:21.366
03. S. Vettel Red Bull 1:22.948 1:21.407 1:21.416
04. J. Button McLaren 1:22.028 1:21.618 1:21.583
05. K. Raikkonen Lotus 1:22.238 1:21.583 1:21.730
06. F. Alonso Ferrari 1:22.095 1:21.598 1:21.844
07. F. Massa Ferrari 1:22.203 1:21.534 1:21.900
08. P. Maldonado Williams 1:22.475 1:21.504 1:21.939
09. B. Senna Williams 1:22.271 1:21.697 1:22.343
10. N. Hulkenberg Force India 1:22.176 1:21.653 1:22.847
11. M. Webber Red Bull 1:22.829 1:21.715
12. P. di Resta Force India 1:21.912 1:21.813
13. N. Rosberg Mercedes 1:22.079 1:21.895
14. S. Perez Sauber 1:22.110 1:21.895
15. K. Kobayashi Sauber 1:22.801 1:22.300
16. J. Vergne Toro Rosso 1:22.799 1:22.380
17. M. Schumacher Mercedes 1:22.436 1:22.723
18. D. Ricciardo Toro Rosso 1:23.250
19. H. Kovalainen Caterham 1:23.576
20. V. Petrov Caterham 1:24.167
21. C. Pic Marussia 1:25.244
22. T. Glock Marussia 1:25.476
23. P. de la Rosa HRT 1:25.916
24. N. Karthikeyan HRT 1:26.178
Q1 107% Time: 1:27.519
Saturday 28th July 2012, 14:07 by TF1T Staff
© McLaren
Lewis Hamilton eased to McLaren's 150th pole position on Saturday for the Hungarian Grand Prix with a time four tenths faster than second placed Romain Grosjean.
The pole marks McLaren's return to the front after a difficult few races which have seen them off the lead pace set by Ferrari and Red Bull.
Grosjean starts ahead of Sebastian Vettel in third, with Hamilton's team-mate Jenson Button in fourth, seven tenths slower than the pole lap.
Kimi Raikkonen completes the top five with Fernando Alonso, Felipe Massa, Pastor Maldonado, Bruno Senna - his first time in Q3, and Nico Hulkenberg complete the top ten cars.
Mark Webber was the surprise of Q2 as he failed to escape the drop-zone and starts 11th ahead of Force India's Paul di Resta.
2012 Hungarian GP Qualifying Results:
Pos Driver Team Q1 Time Q2 Time Q3 Time
01. L. Hamilton McLaren 1:21.794 1:21.060 1:20.953
02. R. Grosjean Lotus 1:22.755 1:21.657 1:21.366
03. S. Vettel Red Bull 1:22.948 1:21.407 1:21.416
04. J. Button McLaren 1:22.028 1:21.618 1:21.583
05. K. Raikkonen Lotus 1:22.238 1:21.583 1:21.730
06. F. Alonso Ferrari 1:22.095 1:21.598 1:21.844
07. F. Massa Ferrari 1:22.203 1:21.534 1:21.900
08. P. Maldonado Williams 1:22.475 1:21.504 1:21.939
09. B. Senna Williams 1:22.271 1:21.697 1:22.343
10. N. Hulkenberg Force India 1:22.176 1:21.653 1:22.847
11. M. Webber Red Bull 1:22.829 1:21.715
12. P. di Resta Force India 1:21.912 1:21.813
13. N. Rosberg Mercedes 1:22.079 1:21.895
14. S. Perez Sauber 1:22.110 1:21.895
15. K. Kobayashi Sauber 1:22.801 1:22.300
16. J. Vergne Toro Rosso 1:22.799 1:22.380
17. M. Schumacher Mercedes 1:22.436 1:22.723
18. D. Ricciardo Toro Rosso 1:23.250
19. H. Kovalainen Caterham 1:23.576
20. V. Petrov Caterham 1:24.167
21. C. Pic Marussia 1:25.244
22. T. Glock Marussia 1:25.476
23. P. de la Rosa HRT 1:25.916
24. N. Karthikeyan HRT 1:26.178
Q1 107% Time: 1:27.519
FB nosedive?
Is FB poised to fall? An interesting account of FB and Zynga, and perhaps a harsh speculation. Will it come true? What do you think?
Mark Zuckerberg, Founder & CEO of Facebook
July 26 was not a good day for the Facebook (FB) industrial complex. After all, Zynga (ZNGA), that gets 93% of its revenues from Facebook users buying FarmVille tractors and other digital goods, lost 37% of its value.
And Facebook stock — that traded at $29.34 when it opened Thursday, is poised to start today at $23.91 — 19% below where it was before Zynga announced its results and 44% below its high of $43. It matched revenue and adjusted EPS expectations but did not offer a reason for investors to believe its growth would accelerate.
My conclusion: Facebook is worth $7 a share — so if you can borrow its shares and sell them short, there is still time to make a hefty profit. Here are six reasons why:
Competing objectives. The biggest problem Facebook faces is confusion about what it wants to be when it grows up.
At the moment, growth in the number of users and the time they spend on the site trumps making money. But if Facebook tries to advertise, it risks losing those users.
An informal survey I did with about 80 Babson College juniors and seniors found that almost all of them do not want to see advertising on Facebook. Moreover, many of these students told me that if Facebook increases advertising, they will stop using it.
Slowing growth. Facebook is simply not growing fast enough to justify its lofty valuation. At 955 million, it reported that its monthly active users grew 29% from a year earlier — a mere 6% from the previous quarter.
But its headcount during the quarter was up 50% to 4,000. To justify a premium stock market valuation, Facebook must accelerate, not slow, its growth.
Conflicted ownership structure. CEO Mark Zuckerberg controls 58% of the voting shares so he has a job for life. That means he won’t have to worry about nasty things like activist shareholders — in the mold of Dan Loeb who famously figured out a way to oust Yahoo (YHOO) CEO Scott Thompson and replace him with Marissa Mayer. More generally, this means that Zuckerberg can ignore the interests of public shareholders with impunity.
Weak monetization of online and mobile traffic. Facebook has lost advertisers – General Motors (GM) pulled its Facebook ads in May — because companies don’t feel that they’re getting value. But Facebook is fighting back. For example, it crafted an advertising strategy for Samsung Mobile USA that reached 65 million people with targeted ads who were “twice as likely to engage.” And Samsung USA told FT, that the price was “you’d be surprised how much it isn’t.”
Nevertheless, while mobile ads generate click-throughs at 15.4 times the rate of desktop ones — 1.32% compared to .086% for non-mobile ads, according to AdParlor – Facebook charges 30% lower prices for them. With user growth slowing and ad rates falling as users go mobile — it added 110 million mobile users in six months – Facebook’s revenue growth depends on boosting those mobile advertising rates.
Lack of user privacy. Many Facebook users are growing up — and starting to think about getting their first job. So their inability to shield Facebook photos that could scare off potential employers could cause more suffering than pleasure. To wit, 20% of applications “disqualify themselves from an interview because of content in the social media sphere,” according to the DailyMail.
Given how difficult it is for people to protect Facebook information they hope is private and the huge barriers Facebook uses to keep people from erasing their Facebook footprints, the career risk of being on Facebook could be another impediment to its growth.
Over-valued shares. Facebook is way overvalued. Its forward P/E is 70 and its earnings are forecast to grow a mere 14% in 2013 – yielding a Price/Earnings to Growth (PEG) ratio of 5.0. By my reckoning, Facebook stock would be fairly valued at a PEG of 1.0 — this would yield a price of $7.14 (the 14% earnings growth rate times its 51 cents a share expected earnings).
If you could borrow Facebook shares at $23 and sell them short, I would not be shocked if some time in the next year you could cover your stock loan at $7 — yielding a nice 229% profit. Sure this is risky — Facebook could deliver a surprising surge in revenue and profit growth that would cause the stock to pop.
But regardless of what happens, Zuckerberg will still be Facebook’s billionaire CEO. Although if Facebook stock drops to $7, he will only be a billionaire 3.7 times over instead of his current 12.8.
Mark Zuckerberg, Founder & CEO of Facebook
July 26 was not a good day for the Facebook (FB) industrial complex. After all, Zynga (ZNGA), that gets 93% of its revenues from Facebook users buying FarmVille tractors and other digital goods, lost 37% of its value.
And Facebook stock — that traded at $29.34 when it opened Thursday, is poised to start today at $23.91 — 19% below where it was before Zynga announced its results and 44% below its high of $43. It matched revenue and adjusted EPS expectations but did not offer a reason for investors to believe its growth would accelerate.
My conclusion: Facebook is worth $7 a share — so if you can borrow its shares and sell them short, there is still time to make a hefty profit. Here are six reasons why:
Competing objectives. The biggest problem Facebook faces is confusion about what it wants to be when it grows up.
At the moment, growth in the number of users and the time they spend on the site trumps making money. But if Facebook tries to advertise, it risks losing those users.
An informal survey I did with about 80 Babson College juniors and seniors found that almost all of them do not want to see advertising on Facebook. Moreover, many of these students told me that if Facebook increases advertising, they will stop using it.
Slowing growth. Facebook is simply not growing fast enough to justify its lofty valuation. At 955 million, it reported that its monthly active users grew 29% from a year earlier — a mere 6% from the previous quarter.
But its headcount during the quarter was up 50% to 4,000. To justify a premium stock market valuation, Facebook must accelerate, not slow, its growth.
Conflicted ownership structure. CEO Mark Zuckerberg controls 58% of the voting shares so he has a job for life. That means he won’t have to worry about nasty things like activist shareholders — in the mold of Dan Loeb who famously figured out a way to oust Yahoo (YHOO) CEO Scott Thompson and replace him with Marissa Mayer. More generally, this means that Zuckerberg can ignore the interests of public shareholders with impunity.
Weak monetization of online and mobile traffic. Facebook has lost advertisers – General Motors (GM) pulled its Facebook ads in May — because companies don’t feel that they’re getting value. But Facebook is fighting back. For example, it crafted an advertising strategy for Samsung Mobile USA that reached 65 million people with targeted ads who were “twice as likely to engage.” And Samsung USA told FT, that the price was “you’d be surprised how much it isn’t.”
Nevertheless, while mobile ads generate click-throughs at 15.4 times the rate of desktop ones — 1.32% compared to .086% for non-mobile ads, according to AdParlor – Facebook charges 30% lower prices for them. With user growth slowing and ad rates falling as users go mobile — it added 110 million mobile users in six months – Facebook’s revenue growth depends on boosting those mobile advertising rates.
Lack of user privacy. Many Facebook users are growing up — and starting to think about getting their first job. So their inability to shield Facebook photos that could scare off potential employers could cause more suffering than pleasure. To wit, 20% of applications “disqualify themselves from an interview because of content in the social media sphere,” according to the DailyMail.
Given how difficult it is for people to protect Facebook information they hope is private and the huge barriers Facebook uses to keep people from erasing their Facebook footprints, the career risk of being on Facebook could be another impediment to its growth.
Over-valued shares. Facebook is way overvalued. Its forward P/E is 70 and its earnings are forecast to grow a mere 14% in 2013 – yielding a Price/Earnings to Growth (PEG) ratio of 5.0. By my reckoning, Facebook stock would be fairly valued at a PEG of 1.0 — this would yield a price of $7.14 (the 14% earnings growth rate times its 51 cents a share expected earnings).
If you could borrow Facebook shares at $23 and sell them short, I would not be shocked if some time in the next year you could cover your stock loan at $7 — yielding a nice 229% profit. Sure this is risky — Facebook could deliver a surprising surge in revenue and profit growth that would cause the stock to pop.
But regardless of what happens, Zuckerberg will still be Facebook’s billionaire CEO. Although if Facebook stock drops to $7, he will only be a billionaire 3.7 times over instead of his current 12.8.
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