Voices

Wall Street's View on the Apple iPad Launch

Will it be a sell-the-news event for Apple shares? They’re slightly soft just after the open, despite the company’s announcement that it sold some 300,000 iPads over the weekend, including pre-orders. Also, some analysts such as those from Kaufman Bros. and J.P. Morgan are lifting estimates and targets for Apple after the weekend publicity-fest.

Voices

Apple iPad: Analyst Tones Down Excitement Over Device

This one caught our eye. Needham analysts issued a note sounded quite a bit more cautious on forecasts for iPad sales Wednesday, “after watching a replay of Apple’s iPad introduction and reassessing the device’s potential.” In a note entitled “Seeing is Believing”–their previous note was subtitled “Apple has Another Winner”–Needham revised its original forecast of four million iPad sales in the year following the device’s April launch.

Voices

One Tech Stock Outlook

Intel reported stronger-than-expected earnings and said that it believed the slumping computer sales market had “bottomed out.” Wall Street’s response: Sell ‘em. The chip giant’s shares are off four percent, dragging on the Nasdaq Composite and raising some questions about the tech sector generally. This bout of pessimism is probably a bit overdone and reflects more what’s happened in the past few months than what happened yesterday.