Apple will unveil a wearable computing device on Sept. 9, according to a Re/code’s John Paczkowski.
The so-called iWatch will debut alongside the iPhone 6, which is also expected to be unveiled that day with two screen sizes: 4.7 inches and 5.5 inches. (The iPhone 5S has a 4-inch screen.)

Paczkowski had previously reported that the iWatch might come out in October, but it appears Apple has bumped up its plans.

Apple’s wearable will likely have HealthKit and HomeKit integration, enabling users to track their health and fitness and use the wearable to control other smart devices at home.

Apple hasn’t yet sent out invites to the Sept. 9 event. It usually announces product launches about a week before they happen.

If any company could lead us into digital nirvana, it’s Apple.

But next to no one knows what that future looks like.

We recently talked about Apple’s future with a former employee, and he pointed us to this video by Corning. (Corning makes the glass used in iPhones and iPads.)

Corning may make glass and ceramics, but its conceptual videos paint a vivid picture of what an Apple-dominated future might look like.

If anything is clear from Corning’s video, it’s that tech consumers have a lot to look forward to. Smart devices have only begun to enter our cars and homes.

And that’s just the beginning of what the future has in store.

Read more:

HEICO Corporation

HEI : NYSE : US$52.05 BUY 
Target: US$65.00

HEICO is a leading provider of commercial aerospace
spare parts and repair services, as well as niche
technology and electronic products for the space,
defense, industrial, medical and other markets. The
company reports its results in two operating segments:
Flight Support Group (FSG) and the Electronic
Technologies Group (ETG).

Transportation and Industrials — Airlines and Aerospace
Investment recommendation
HEI is scheduled to report its Q3/14 results after the market close
on Aug. 26. In our view, sentiment on the stock has turned overly
negative due to concerns about slower growth in the commercial
aerospace market, margin improvement in the defense business,
and valuation. We believe the long-term positive thesis still holds,
and we believe the Q3/14 results will provide a positive catalyst.
We are maintaining our BUY rating and our $65 price target.


Investment highlights
 HEI management has gone out of its way to stress the
difficult Q3/13 comp (up 17% organic growth) in the FSG
segment. The comp Q2/14 results point to ~10% quarter for
FSG, which is in our model. We see the downside of FSG
organic growth as high single-digits. We believe anything
over 10% will be a strong catalyst, but an in-line quarter
(FSG organic growth of 8-10%) will not disappoint investors.
 We expect some ETG margin improvement (we model in
23%) but expect an additional step up in Q4/14.
 We believe HEI will raise its EPS guidance to up ~15%, from
the current 13%, which implies 2014 EPS of $1.76. We are
maintaining our 2014 $1.79 EPS estimate. We do not expect
any increase to the revenue guidance.
Our $65 price target is based on the average of a 32.0x EPS
multiple and a 15.0x EBITDA multiple, applied to our 2015

The ‘iPad Maxi’ rumor: Apple reportedly readying 12.9″ iPad for 2015

Apple reportedly readying 12.9″ iPad for 2015

Remember those big iPad rumors from last year? Well, they’re back.

Apple is reportedly gearing up to release a 12.9-inch iPad early next year, according to Bloomberg. That’s a big step up from the iPad’s 9.7-inch screen, and it could be a way for Apple to kickstart slumping iPad sales.

I was pretty skeptical about the idea of a big screen iPad last year — and it still seems a bit out of character for Apple — but it’s becoming increasingly clear that Apple needs to do something fresh with its tablet lineup. The iPad (including the Mini) has been Apple’s fastest growing product line ever, but investors and analysts have been concerned that slowing sales over the past few quarters could be a sign of a bigger problem.

Apple CEO Tim Cook responded to the year-over-year decline in iPad sales in the company’s past two quarterly earnings calls, attributing it to inventory issues and “market softeners” in international markets. But he also didn’t seem to concerned about the iPad’s performance.

“We still feel the [tablet] category as a whole is in its early days and that there’s still significant innovation that can be brought to the iPad — and we plan on doing that,” Cook said during Apple’s last earnings call.

So who would want a bigger iPad? Businesses, for one. With its recent IBM partnership, Apple announced its intention to focus much more on enterprise customers. And you can bet there are plenty of business users who would appreciate a bigger iPad — just think about anyone working in design or construction

We now live in a world where Apple and IBM, two former PC industry rivals, are working together in a big way.

The two companies just announced a major new partnership that will see IBM pushing its apps and services on Apple’s iPhone and iPad for businesses. IBM will also sell Apple’s mobile devices to its enterprise customers.

While the partnership is surprising, it makes sense for both companies: IBM gets a foothold into valuable business customers, which are already adopting iOS devices. And Apple gets a partner who already offers plenty of enterprise-grade solutions, enabling Apple to continue focusing on the consumer market.

“iPhone and iPad are the best mobile devices in the world and have transformed the way people work with over 98 percent of the Fortune 500 and over 92 percent of the Global 500 using iOS devices in their business today,” said Apple CEO Tim Cook in a statement. “For the first time ever we’re putting IBM’s renowned big data analytics at iOS users’ fingertips, which opens up a large market opportunity for Apple. This is a radical step for enterprise and something that only Apple and IBM can deliver.”

As part of the arrangement, the two companies say they will develop more than 100 different solutions which will take advantage of their respective strengths. IBM will build cloud services and apps specifically meant for iOS devices, as well as offer streamlined ways for businesses to buy and manage Apple devices. Apple, meanwhile, will offer 24/7 AppleCare support catered toward enterprise customers.

We can expect to see apps geared toward specific industries, like retail and hospitality, as well as services that tap into IBM’s big data and analytics capabilities. The first apps to come out of the partnership should be available by this fall — likely coinciding with the launch of iOS 8 and the iPhone 6.



Opting Out Of Paying Taxes : The Tax Haven System : Introduction

How to Open a Bank Account in the Cayman Islands
Posted  by jackbassteam

The Tax Haven System : Introduction
A system for tax minimization is how my mentor amassed his first fortune.

THE SYSTEM was domestic – I have now expanded that to concentrate on offshore tax havens as a system to minimize taxes to allow for wealth retention and creation.

Our system involves the multi-layered use of incorporation, trusts, foundations and bank accounts as reflected in client needs for security and tax minimization.

THE BOTTOM LINE We can assist you at saving tax dollars – IF you will stop ” thinking it over” and take action.

Opting Out Of Paying Taxes – shifting to low tax jurisdictions is increasing . What are you doing?

Proceed – but with caution . We provide a no cost or obligation overview service Email or call Jack direct at 604-858-3202 ( same time zone as Los Angeles .

The differences between an offshore account and an investment account.

Having a bank account and an investment account are two different things, each having distinct tax implications.

Offshore bank accounts are administered by banks and offer traditional services associated with holding a bank account: spending, receiving, and transferring funds, along with earning some forms of interest. If you just want to hold money in an offshore account, a bank account is probably your way to go.
Offshore investment accounts are administered by investors and can hold money in different currencies, as well as stocks, bonds, and mutual funds. They provide greater flexibility than bank accounts, but may come with higher fees. If you want to hold assets in addition to cash overseas, an investment account may be your best bet You can name Jack A. Bass as a portfolio manager as well as yourself. Please email with any questions.
You don’t need to go to the Cayman Islands to open the account. Accounts can be opened by mail / email/ fax , precluding the need for you to visit Cayman in order to open an account. Additionally a number of services such as internet banking, mail retaining, credit cards and investment options can be set up on these accounts.

Cayman private banks are more about investment and portfolio management than normal banking.

Fees are associated with setting up a bank account. We shop around for competitive pricing. These fees may not be insignificant. It may cost somewhere in the area of $500 to $1,000 to set up an offshore account.

.If you are required to show an apostilles stamp, you will need to visit your governmental office to obtain a state or national version of that stamp or use Jack A. Bass to obtain same as part of the application process.

Requirements needed to set up an account.

Jack A. Bass and Associates has a list of the required documents . These may include

Proof of identity.
Copy of your passport. (May be distinct from proof of identity.)
Proof of residence.
Description of the expected uses of the money.
Increasingly banks will ask for information to verify you are not a criminal and to identify the source and purpose of your money.

Learn how to deposit funds into your account. Most modern offshore bank accounts effect transfers by electronic wire transfer. Many offshore banks do not accept foreign checks.

Learn how to withdraw funds from your account. Although most banks will issue a debit card associated with your account, you may need to pay fees in order to withdraw funds from your bank account.

Make sure your chosen bank has internet banking facilities.
Account officers can be appointed speaking English, French, Spanish, German, Italian, Russian and Arabic and the service can be customised to your needs
To start –

Tax Haven Savings – Contact Information

Are you finally taking the step to tax freedom by incorporation and banking in a low tax jurisdiction? and if not why not ?

Information must proceed action and that is We provide a no cost or obligation overview service

Email or call Jack direct at 604-858-3202 ( same time zone as Los Angeles -Monday – Friday 9:00-5:00

Donnycreek Energy Inc. SPECULATIVE BUY

Target: C$4.00

Donnycreek is a junior pure play Montney exploration and
development company with assets in Alberta’s Deep
Basin. Donnycreek trades under the symbol “DCK” on the
TSX venture exchange.
All amounts in C$ unless otherwise noted.

Investment recommendation
Donnycreek released a brief operational update this morning on its
operations at Kakwa. The wells on the company’s three well Montney
pad (the company’s first 1.5 mile horizontals) have been successfully
completed and tested, however no test rates were provided with the
release. The company also announced a plant turn-around at Kakwa,
which will shut in production from the block for ~16 days in September,
and plans to expand the plant on the block from 15mmcf/d to 30
mmcf/d in the spring of 2015.
In our view, a fairly neutral release from the company; however, given
the delays in bringing on production at Kakwa, we have lowered our
production estimates for 2014 . Trading at just 3.1x 2015E
EV/DACF and 0.5x Base NAV (lowest NAV multiple in our coverage
universe), we continue to believe DCK is extremely undervalued relative
to its peers.
We continue to rate the stock a Speculative Buy, and look to November
for IP30 rates on the 3 recently completed 1.5 mile Hz’s (in addition to
the large production bump)as significant potential catalysts for the stock.
Highlights from the release
 Kakwa 3 well pad. DCK announced that all three 50% working
interest wells from the company’s first three well pads have been
completed and flow tested . These wells were drilled with
horizontal lengths of 1,900m, which is longer than wells previously
drilled on this acreage. The wells are expected to come on
production in October.
 Facility expansion. Donnycreek and its partners are currently
designing an expansion for its 16-7 facility to double the throughput
capacity to 30 mmcf/d of natural gas and associated liquids. DCK
and its partners plan to start-up the expansion by spring 2015.

Star Bulk Carriers : Where There Is Shipping There Is Hope

SBLK : NASDAQ : US$13.82 BUY 
Target: US$22.00

Star Bulk Carriers is a global dry bulk shipping company
incorporated in the Marshall Islands in December 2006.
The company is headquartered in Athens, Greece and
specializes in the Capesize and Supramax segments of
dry bulk.

Energy — Maritime
Investment recommendation
Earnings results came in higher than our estimates and slightly below
the consensus as Star Bulk benefited from a higher-than-expected Q2
dry bulk market. In addition, Star Bulk announced the acquisition of
Excel Maritime’s 34 dry bulk vessels. This acquisition will further
solidify Star Bulk as the largest US-listed dry bulk carrier and as such
we reiterate our BUY rating and our price target of $22.
Investment highlights
 Star bulk continues its consolidation spree: The Company
announced it agreed to acquire the old Excel Maritime fleet, which
was primarily controlled by Oaktree, in an NAV for NAV
transaction. We expected this to be the next step in the company’s
path to be a consolidator within the dry bulk sector. Ultimately, we
believe SBLK’s eventual size, scale, and liquidity will be highly
attractive for institutional investors looking to invest in the industry
and help create access to capital that will facilitate that role as a
 Operational efficiency: Star Bulk generated $2.2 million of cash
despite the soft Q2/14 dry bulk market due to their low operating
and G&A expenses.
Based on our expected 2016 year-end balance sheet and fully delivered
fleet at that time, we calculate Star Bulk’s forward, normalized NAV to
be $22.51 per share. As such we believe that SBLK is undervalued and
we maintain our BUY rating and $22 price target. Our target is based on
the average of our two forward NAVs.

Microsoft Has Nearly $93 Billion In Overseas Cash

And It’s Reduced Its Tax Bill By Almost $30 Billion
– what are you doing about reducing your taxes ?

Microsoft’s stash of cash stored overseas, not subject to U.S. taxes, is growing.

In its latest regulatory filing, the software giant said it has now stockpiled $92.9 billion offshore and that this money could have cost the company $29.6 billion in taxes, but didn’t.

That compares to $76.4 billion from the previous year, worth an estimated tax bill of $24.4 billion, according to a report released in May from Washington think tank Citizens for Tax Justice.

Here’s the exact language Microsoft used in the filing to discuss its offshore cash:

As of June 30, 2014, we have not provided deferred U.S. income taxes or foreign withholding taxes on temporary differences of approximately $92.9 billion resulting from earnings for certain non-U.S. subsidiaries which are permanently reinvested outside the U.S. The unrecognized deferred tax liability associated with these temporary differences was approximately $29.6 billion at June 30, 2014. Income taxes paid were $5.5 billion, $3.9 billion, and $3.5 billion in fiscal years 2014, 2013, and 2012, respectively.

Just to give you an idea of how much money $30 billion is, that’s how much Microsoft’s home state of Washington will spend in two years, reports International Business Times’ David Sirota, who first noticed Microsoft’s increase in offshore cash.

Foreign Sales Mean No U.S. Taxes
U.S. corporations don’t have to pay taxes on income they earn overseas as long as they also spend that money overseas. If they try to “repatriate” the money — bring it back to spend in the U.S. to, say, pay shareholder dividends or hire new employees or make an acquisition — they are taxed at a high 35% rate, less any taxes they already paid on the money in the country where it was earned, according to the CTJ.

However, like all things taxes, it’s not that simple.

There’s been growing debate over how some companies assign income to overseas subsidiaries. For instance, a company can license patents to foreign offices that have lower tax rates. When the company sells a product that relies on those patents, it gets to assign at least some of that money to the foreign office and not pay U.S. taxes on it. That’s true even if the tech was originally invented in the U.S.

In 2012, Microsoft top tax person, Bill Sample, explained during testimony to a Senate subcommittee looking into the offshore tax situation. He said:

The legal ownership of intellectual property developed as a result of our research and development activities generally resides with Microsoft Corporation in the U.S. In accordance with Internal Revenue Code Section 482 and applicable Treasury Regulations, our three foreign ROC [regional operating centers] groups, Ireland, Singapore and Puerto Rico, license the rights to use the relevant intellectual property to produce and sell Microsoft software products in their respective regions.

Lots Of Companies Do It – you can too
Microsoft certainly isn’t alone in stockpiling cash overseas, out of the reach of the IRS.

Fortune 500 corporations have stashed nearly $2 trillion in offshore accounts, saving about $550 billion in taxes, the CTJ says.

Microsoft isn’t even the biggest cash hoarder. That would be Apple. In September, Apple reported it had $137.7 billion in offshore accounts. The CTJ report also found that Cisco had $48 billion, HP had $38 billion, Google nearly $39 billion, and Oracle $26 billion offshore, based on each company’s latest annual report as of May.

And plenty of non-tech companies do the same: GE with $110 billion, Pfizer with $69 billion, and so on, says CTJ.

However the tech industry, led by Microsoft and Apple, are the poster children. The CTJ raised this red flag in its report:

A large number of the biggest corporations appear to be increasing their offshore cash significantly. 105 of the companies surveyed in this report increased their declared offshore cash by at least $500 million each in the last year alone. Eight particularly aggressive companies each increased their permanently reinvested foreign earnings by more than $5 billion in the past year. These include Apple, Microsoft, IBM, Google, and Cisco.

None of this is illegal. Far from it. A corporation owes it to its shareholders to keep its tax bill as small as possible.
What these companies want is an overhaul of regulations that will permanently reduce the tax rate on repatriated cash.

They would also welcome something called a “tax holiday” which would give them a one-time pass to use the cash in the U.S., paying little to no taxes on the money.

Cisco CEO John Chambers has been advocating for a tax code overhaul on offshore cash for years.

Early last year, he even went so far as to say that Cisco would stop hiring U.S. employees or acquiring U.S. companies if the tax law wasn’t changed. That turned out to be an empty threat. Cisco has since acquired U.S. companies including its $2.7 billion acquisition of Sourcefire last year.

A Catch-22
Using the offshore loophole to avoid paying U.S. taxes is also a Catch-22. Unless corporations can convince the U.S. to let them use that money without the high tax rate, or they give up and pay it, they can’t touch the money at home.

When asked for comment on this story, Microsoft PR pointed us to a portion of Bill Sample’s 2012 Congressional testimony:

Microsoft’s tax results follow from its business, which is fundamentally a global business that requires us to operate in foreign markets in order to compete and grow. In conducting our business at home and abroad, we abide by U.S. and foreign tax laws as written. That is not to say that the rules cannot be improved–to the contrary, we believe they can and should be.

In our view, the U.S. international tax rules are outdated and are not competitive with the tax systems of our major trading partners. These rules all too often provide a disincentive for U.S. investment.

Opting Out Of Paying Taxes
In 2012, Cutler shifted the company’s ( Eaton) domicile to Ireland through an acquisition of Cooper Industries Plc, a company run from Texas that had gained a foreign address through a 2002 inversion. With the help of the new domicile, Cutler predicts his company’s tax rate will be about 5 percent this year.

The Tax Haven System : Introduction
A system for tax minimization is how my mentor amassed his first fortune.

THE SYSTEM was domestic – I have now expanded that to concentrate on offshore tax havens as a system to minimize taxes to allow for wealth retention and creation.

Our system involves the multi-layered use of incorporation, trusts, foundations and bank accounts as reflected in client needs for security and tax minimization.

THE BOTTOM LINE We can assist you at saving tax dollars – IF you will stop ” thinking it over” and take action.

There can be no standard reply as to which is the best offshore jurisdiction.

That answer actually depends upon the anticipated use of the offshore company, upon the personal and business circumstances of its owners and upon variety of tax regulations in force in the countries where the offshore company will engage in business.
Contact Information

Information must proceed action and that is why we offer a no cost / no obligation inquiry service.


or Call Jack direct at 604-858-3202 – Pacific Time 9:00 – 5;00 Monday to Friday

The main intention of our website is to provide objective and independent information that will help the potential investor to make his own decisions in an informed manner. To this effect we try to explain in a simple language the different processes and the most important figures involved in offshore business and to show the different alternatives that exist, evaluating their pros and cons. On the other hand we intend – in terms of offshore finance, bringing these products to the average citizen.

Do something to help yourself – contact Jack A. Bass now !

The $199 HP Stream 14, The First Of Microsoft’s Chromebook Killers


In mid-July, Microsoft announced its uber-cheap line of Windows 8.1 notebooks, with the cheapest model from HP, called “the Stream,” costing just $199.

With such a cheap price point, Microsoft is taking aim at Google’s line of super-cheap Chromebooks, which also start at $199.

Chromebooks are flying off the shelves thanks in part to the education sector, which is swiping up Google’s cheap internet-powered notebooks for classroom use. But Microsoft believes its own cheap laptops could better compete in the enterprise, particularly in financial services and banking, thanks to its popular Windows software.

Microsoft and HP didn’t show off the Stream notebook when it was announced in July, but thanks to some sleuthing from German site Mobile Geeks and Liliputing, we can now see several purported listings of HP’s Stream 14, which will rival the company’s Chromebook 14 in terms of technical specifications, even though the Windows 8.1 model will be roughly $80 cheaper.

As PCWorld’s Ian Paul points out, the Stream 14 and Chromebook 14 share many of the same specs, including the same number of ports, same 2GB of RAM, and same 14-inch display with a 1,366×768 resolution. But the Stream 14 comes with a more powerful quad-core 1.6 GHz system-on-a-chip from AMD, compared to the 1.4GHz Intel Celeron processor that powers HP’s Chromebook 14.

The Stream will also boast more onboard storage: Compared to the Chromebook 14’s 16GB of storage, the Stream will offer 32GB and 64GB options.

Based on the leaks, the Stream will also boast a 720p front-facing webcam, Bluetooth 4.0, a USB 3.0 port, four speakers with Beats audio, and a 2,960mAH battery. The laptop will also run on Windows 8.1 and ship with two-years and 100GB of cloud storage from Microsoft’s OneDrive.

But of course, the Stream 14 notebook hopes to attract users with its price point. Compared to most entry-level PCs, which typically cost around $1,000, Google’s various Chromebooks average at about $300. Microsoft’s first batch of cheap Windows 8.1 notebooks will cost between $199 and $279.

Microsoft has an anti-Google website called “Scroogled,” where the company collects and creates material to put down Google’s various services. When it comes to the Chromebook, Microsoft’s main criticism is that the computer “is a brick” when it’s not connected to the internet, since most Chrome OS applications require an internet connection. Google looks to address some of those criticisms by adding more apps that work in offline mode.

So, as it turns out, Microsoft and Google have succeeded at creating near-identical laptops at near-identical prices. But the HP Stream 14 laptop might get the slight edge right now since it can do more when it’s offline. Update BUY

CRM : NYSE : US$55.71 BUY 
Target: US$65.00
Investment thesis
As the best-in-class cloud software firm, Salesforce remains our favorite large cap
growth stock. With more transparency (revenue run-rates of the various clouds was
a good start), the firm could see multiple expansion; however, even if this doesn’t
happen, we expect the shares to advance at least 20% over the next 12 months.
That’s a worthwhile potential return for a large cap stock. BUY.
 Another upside print. CRM reported Q2/15 revenues and non-GAAP EPS of
$1.32B and $0.13, which were respectively $29M and a penny ahead of our
estimates. Constant currency revenue growth was 37% in the quarter, and
calculated billings of $1.35B were nicely ahead of our $1.30B estimate and up
33% compared to a year ago. Total backlog (billed and unbilled) ended the
quarter at $7.35B, which is up 17% versus Q2/14. Lastly, CRM generated FCF
of $174M, or $0.27 per share, which was well ahead of our $0.18 estimate;
YTD FCF is up 90% compared to 1H/14.
 Color from the call. The firm noted an 8-figure deal (one of several) with 3M in
the quarter as well as a Salesforce1 Platform deal with Safeway. In the quarter,
sales cloud was 49% of subscription revenue, service cloud 26% (though the
fastest growing), SF1 platform 15%, and marketing cloud 10%. On the event
front, CRM will host its Connections marketing cloud conference in late
September (which could pressure a stock like MKTO as the firm makes noise on
that front), and management suggested that the firm will be introducing an
entirely new product line and category at Dreamforce in October.
 Outlook: F2015 revenues increase ~$40M, EPS inches up by a penny. This was
a classic beat and modest raise quarter. Revised guidance points to 32%
revenue growth and ~150 bps of operating margin expansion in F2015.
Interestingly, Q3/15 marks the first full quarter that CRM will have lapped the
ET acquisition, and implied billings guidance suggests healthy, 25% growth

Opting Out Of Paying Taxes

Opting Out Of Paying Taxes. Click on title




There are more options than whining and complaining


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