Apple Announces Jan. 27 Special Event: “Come See Our Latest Creation”

Confirming a date first reported by Digital Daily, Apple this morning announced an invitation-only special event to be held at the Yerba Buena Center for the Arts Theater in San Francisco on Jan. 27. “Come see our latest creation,” the invitation reads. Hmm. Wonder what that might be?
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$1.9 Billion in Capex? What’s Apple Planning?

Here’s an interesting data point from Apple’s recent 10-K filing with the U.S. Securities and Exchange Commission: The company has budgeted $1.9 billion in capital expenditures for fiscal 2010. That’s 70 percent more than the $1.1 billion it spent in 2009. What does Apple plan to do with those additional funds?
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Savvis: Jefferies Downgrades to Hold; Sees Rising Capex

Jefferies analyst Jonathan Schildkraut this morning cut his rating on Savvis (SVVS) to Hold from Buy, citing “decreasing visibility and a belief the company will need to spend more in capex.” He notes that since the Web-hosting company reported Q2 results, its shares have appreciated 8 percent in period in which its peers have fallen by an average 14 percent.