Michael Lynch
Michael Lynch
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If you look at Autonomy's share price over time, it's been fairly immune to market sector movements, because investors who go into Autonomy tend to know why they are in: that they are in for the long term,
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The market will move back and forth in the weeks ahead. There is bad geopolitical news at the same time we are looking at high inventories.
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The Iranian statement that they would continue to ship oil has reduced the perceived threat, which has been the main pillar supporting the market. It doesn't appear that any action will be taken for a few months, when the market should be weaker.
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Crude oil and petroleum product inventories are robust. The numbers suggest that fears that gasoline supplies would fall through the floor as refineries performed maintenance were exaggerated. Some of the funds may be selling as they re-evaluate the value of futures as an investment.
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We are going to fight this tooth and nail, ... This is far from being done. We have been waiting for the right time to make our tender offer and we will do so in the next 30 days.
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We have worked with Bode for several years now and know the type of person he is. Yes, he has been provocative, but we also recognize that he's revolutionized his sport and has energized the Turin Games, which is a positive for all of us who are vested in their success.
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I am so pleased to have such a key British cultural player to work with our team,
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There is plenty of crude oil around, which makes geopolitical problems a lot less pressing.
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We thought for sure Reynolds' board would fight this to remain independent, ... Frankly I didn't think this merger would take place. I'm just stunned.
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We've clearly been getting support from the weather. Crude oil, distillate and gasoline supplies are all higher while demand is lower. There really isn't a bullish cloud on the horizon.
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We're hoping we can get somebody to buy the house who is willing to carry on the tradition. We're willing to make a Christmas package part of the sale.
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It perhaps helped him transition into retired life.
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It's finally sunk in that demand isn't roaring. That was the story in 2004, but that's no longer the case.
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It won't seem real until we move out, I suppose.