Apple: JMP Says Hold on Hon Hai Deceleration

Shares of Apple are down sharply after JMP Securities analyst Alex Gauna today cut his rating on the stock to Market Perform from Outperform, writing that the crisis in Japan threatens to compound what seems already to have been a deceleration in production at Apple’s main contract assembler, Hon Hai Precision.

Broadcom: JMP Cuts on Pricing Worries, Sluggish Margins

Shares of chip maker Broadcom fell in after-hours trading last night and are down again today despite the fact that the company yesterday exceeded Street expectations for its Q2 and forecast above estimates for the current quarter.

Intel: JMP Ups to "Outperform" as AMD Crumbles

Intel shares this afternoon are getting a lift from an upgrade by JMP Securities analyst Alex Gauna from “Market Perform” to “Market Outperform,” with a $24 price target. Following on a much-stronger-than-expected Q2 report last week, Intel, Gauna says, should continue to gain from better-than-expected results of its customers’ sales of notebook computers and server computers.