OIG General Body Meeting (04/04/2013)

The meeting started at 9:00pm.

Andrea talked briefly about the elections for the next Executive Board. Don't forget to fill out the form if you're interested in running for a position on the board. Nominations close on Wed, April 10th at 5:30pm and elections will be held during the general body meeting on Thursday, April 11th.

Dingwei did the market update. Dell is going private through a leveraged buyout by Blackstone. The Blackstone Group L.P. (BX) will begin its analysis of Dell's financial records starting on Monday as it moves forward with its buyout bid for the company. Goldman Sachs and JP Morgan will be revising the buyout.

Facebook will be releasing its HTC First Android phone, the first phone to come pre-loaded with Facebook's new Home mobile home screen/launcher and AT&T will sell it exclusively for $99.99 starting April 12. The phone system is a modification of Google's Android Operating System. The "First" is a nice comfortable device, especially for those who are looking for a hyper social experience.

Apple, on the other hand, is working on a less expensive iPhone that will probably come out in the second half of the year. The company is set to begin production this quarter. A less expensive iPhone will do good for Apple as it will cater to developing and lower income economies which other technology companies like Samsung and Nokia have been successful in doing already with their less expensive smart phones.

Kiki pitched a stock: DDD. SD Systems Corporation (DDD) is one of the biggest firms in the budding 3D printing industry. It is a profitable firm with a lot of capacity to grow. We will be looking into other companies in the 3D printing industry.

Alisha did a quick portfolio review. Cisco Sys Inc (CSCO), which we bought in 2007, has been doing poorly for a very long time. We decided to sell it.

The meeting ended at 10:00pm.

See you all next week!