News Byte
Tricia Duryee in Commerce on April 11 at 4:20 pm PT
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.
John Paczkowski in Mobile on January 20, 2011 at 3:00 am PT
Evidently a 78 percent net income increase in Apple’s fiscal first quarter was all it took for the market to put aside concerns about CEO Steve Jobs’s indefinite medical leave. Analysts following the company issued a fusillade of bullish notes celebrating the company’s leviathan quarter and raising their guidance for the year ahead. The most bullish target price of all: $550.
Arik Hesseldahl in Enterprise on December 6, 2010 at 9:31 am PT
Networking giant Cisco Systems and software maker BMC say they’re entering a strategic alliance around cloud computing.
John Paczkowski in Mobile on July 21, 2010 at 7:44 am PT
Apple’s big third quarter earnings beat has sent the analysts who follow the company in search of new superlatives with which to describe its performance. A barrage of Apple research notes were broadcast this morning and they are positive to a one, though with a single point of concern: is Apple’s current pace sustainable?
John Paczkowski in Mobile on July 1, 2010 at 8:10 am PT
Apple’s iPhone may be headed to Verizon, but it’s not going on sale there in January as some reports claim. It can’t. Because AT&T won’t have lost iPhone exclusivity by then. So says Oppenheimer analyst Timothy Horan, who reached that conclusion after some investor meetings with AT&T CFO Rick Lindner.
John Paczkowski in Mobile on June 25, 2010 at 8:06 am PT
Here’s an interesting bit of survey data from Oppenheimer analyst Yair Reiner, who found, like Piper Jaffray’s Gene Munster, a significant portion of iPhone 4 sales Thursday to be upgrade purchases by existing iPhone owners. The majority of people buying the iPhone 4 don’t particularly need it. But they’re buying it anyway.
Voices
Jennifer Valentino-DeVries, Reporter, The Wall Street Journal in News on April 13, 2010 at 11:00 am PT
Intel reports first-quarter earnings after the market close Tuesday, and analysts will be closely watching what the chip maker says to get some indication of the global demand for PCs.
Intel is considered a bellwether for the tech sector because it provides the chips that go into most of the world’s computers.
Voices
Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily in News on November 30, 2009 at 3:50 pm PT
So, just how many Droid smartphones can Motorola sell in the December quarter?
RBC Capital analyst Mark Sue asserted in a research note dated Sunday that he thinks the company has already sold 700,000 to 800,000 Droids, which should make it possible for the company to hit his estimate of 1 million Droids for the quarter.
John Paczkowski in News on October 20, 2009 at 6:49 am PT
The econalypse may be winding toward its end, but for Apple it evidently never even started. Shares in the company spiked more than $12, or more than six percent, to $202 in early trading Tuesday as investors celebrated another of the company’s great quarters.
John Paczkowski in News on October 20, 2009 at 6:49 am PT
The econalypse may be winding toward its end, but for Apple it evidently never even started. Shares in the company spiked more than $12, or more than six percent, to $202 in early trading Tuesday as investors celebrated another of the company’s great quarters.
