Cellphone Unit Sales in First Quarter Were “Weakest in Years”

AT&T and Verizon are posting growth in subscribers, but expected declines at T-Mobile and Sprint may mean the number of postpaid customers actually declined for the first time ever.
Smartphone

News Byte

Analysts Give Yelp a Lukewarm Review

Now that Yelp’s quiet period has expired, analysts have started to issue their first report cards. The results are unanimous: Out of four reports issued by Jefferies, Citi, Goldman Sachs and Oppenheimer, there are zero buy recommendations, Forbes writes. But that’s because the company’s stock price, which has soared 72 percent since last month’s IPO, hovers near or above all of the analysts’ price targets. Today, the stock fell 38 cents, or 1.5 percent, to close at $25.43 a share.

Is RIM’s Hardware Division in the Red?

Jefferies analyst Peter Misek says RIM’s hardware business is losing money.
RIM_train_wreck

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Risk of Supply Shock From AT&T

Another investor question arising from Monday’s megamerger–which plumbers will AT&T go with? Combined, AT&T and Deutsche Telekom’s T-Mobile USA spent roughly $11 billion in 2010 on wireless capital expenditures–that is, the plumbing that keeps their networks flowing freely.

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AOL: Does It Have a Second Act? Jefferies Launches With Hold.

Jefferies analyst Youssef Squali late Monday launched coverage of AOL with a Hold rating and $27 price target. He thinks AOL just might be able to pull off a turnaround–but patience will be required.

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Google, Amazon Likely to Lead Black Friday's E-Commerce Gains

Black Friday is expected to kick off a more upbeat e-commerce season this year, but heavyweights Amazon.com, Google and eBay are poised to make the biggest holiday gains, analysts said.

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IT Spending: Jefferies Sees Signs Of Hope

Is corporate IT spending showing signs of life? Jefferies enterprise software analyst Katherine Egbert thinks so. She issued about a flurry of research notes today, saying various nice things about the improving climate, lifting targets and estimates for an assortment of stocks.

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Solarfun Not Having Fun; Jefferies Slashes Estimates

Seems like there’s never any good news from the solar sector. Solarfun Power shares are getting whacked today by a report from Jefferies solar analyst Paul Clegg, who basically points out that the company is suffering from the dual maladies of sagging demand and a weakening balance sheet.