Chanos Reveals Global Bank Investment Strategy

Chanos Reveals Global Bank Investment Strategy
News from TheStreet.com:

NEW YORK (TheStreet) –Jim Chanos, short-selling founder of Kynikos Associates, shed a bit more light on his bank investments across the globe in an interview with Bloomberg Television , including his long positions in Citigroup (C) and JPMorgan Chase (JPM).

Chanos elaborated on statements he made recently on CNBC, where he argued U.S. banks were the first to deleverage and are now poised to resume growth. Asia’s banks, on the other hand–particularly Chinese ones, are just beginning that process, Chanos contends, and European institutions are in the middle stages of reducing leverage. His long positions in JPMorgan and Citigroup, he explained, are hedges against short bets in Europe and Asia, particularly China.

Speaking to Bloomberg, Chanos disclosed that one of his short positions is A…………… continues on TheStreet.com

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TI Changing Wireless-Chip Investing Strategy
News from Fox Business:

Texas Instruments is changing how it invests in wireless chips because of difficulties it is having in competing in that market, but a top executive declined to say how such a shift is expected to affect the company financially.

TI has been under pressure from investors to pull back from wireless, where it has lost ground to rivals like Qualcomm Inc and to smartphone makers Apple Inc and Samsung Electronics Co Ltd, which are developing their own chips.

“We believe that opportunity is less attractive as we go forward,” Greg Delagi, senior vice president for embedded processing, said during a webcast of an investor meeting.

TI has already kicked off efforts to expand sales of its OMAP wireless chips beyond smartphone and tablet customers to customers of its embedded chip business, which include industrial users such as carmakers. {ID:nL2E8J9HIV]

As part of this effort TI is “reprofiling” its investment in wireless for embedded customers, according to Delagi, who said that the company’s research and development profile for OMAP “needs to look different.”

The executive said OMAP’s growth in the embedded product market will be slower than in the fast changing wireless business. But he declined to reveal specifics as to how this would affect TI’s financials as the company is still working on changing its business.

He said that TI exp…………… continues on Fox Business

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