Citi

News Byte

iPad 3 Debut in February? Hmm, Steve’s Birthday Is the 24th.

John Paczkowski in News on December 8, 2011 at 11:35 am PT

Apple’s next generation iPad could debut a month earlier than its predecessor. Industry sources tell Citi analyst Richard Gardner that the iPad 3, or whatever it’s to be called, will launch sometime in February. That’s a month earlier than Apple showed off the iPad 2, and a month later than the original iPad. As far as specs for the device go, Gardner doesn’t have much to say, though he does believe it will have a display with a resolution significantly higher than that of the current model.

News Byte

LivingSocial Hires Dickson Chu of Citi to Head Up Local Merchant Initiatives

Tricia Duryee in Commerce on November 30, 2011 at 12:50 pm PT

LivingSocial, the second-largest daily deals company, has hired Dickson Chu as SVP of Merchant Solutions. Chu was Managing Director of Digital Networks at Citi’s Global Enterprise Payments unit, and before that, a VP at PayPal. In addition, LivingSocial promoted Jake Maas to SVP of Consumer Businesses and Eric Eichmann to President of International.

News Byte

Electronic Arts Stock Trades Higher on Analyst Upgrade

Tricia Duryee in Commerce on November 28, 2011 at 9:27 am PT

Financial analysts are starting to like the story being spun by Electronic Arts as it pours billions of dollars into mobile, social and online gaming. Citi analyst Neil Doshi upgraded EA to “buy” from “neutral” today, pushing the stock up more than 6 percent, or $1.36 a share, to $22.19. “As we’ve noted before, we like the fact that [Electronic Arts] plays in all of the online pies,” wrote Doshi, who reaffirmed his target price of $26.