by Jason Wilk on May 8, 2009
- J.P. Morgan analyst Mike McCormack raised a bit of a ruckus with a downgrade of AT&T and Verizon largely based on “on deteriorating wireless fundamentals, specifically in the higher value postpaid subscriber base of each company. Is the US finally ready to go Pre-paid like the rest of the world? (Zdnet)
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by Jason Wilk on April 13, 2009
- Notorious bull, Kaufman Bros. analyst Shaw Wu is out with a report this morning, advising investors that Apple’s stock could rise from its current $119 to $152. Apple stock has already risen 45% in the past few and Shaw thinks it will rise another 26% as we approach Apple’s WWDC event in June. He says (provided by BusinessWeek):
First, its WWDC event in June where we anticipate its new iPhone 3.0 software to ship as well as the introduction of new iPhone hardware. Second, we see the launch of Snow Leopard as a further catalyst for the Mac business, which has already seen a boost from its recent desktop refreshes (iMac, Mac mini, and Mac Pro). And last, the potential for a new form factor, perhaps Apple’s answer to the netbook, with a large screen iPod touch-Mac hybrid. In addition, we also see potential for lower service plan pricing and an AppleTV update.
- If all these products arrive at WWDC on June 8-12, combined with a Steve Jobs reappearance (Apple PR says he will be back in a months time), it’s a sure thing stock will be rising even higher than $152 in my opinion.
by Jason Wilk on November 28, 2008
- Carl Icahn just bought another 6.8 million shares of Yahoo this week bringing his share of Yahoo to just under 5%.
- He paid around $9.87, which is less than 1/3 of what he paid last year. He now controls 3 seats on the board and is said to be active in the role of looking for Jerry Yang’s replacement.
- What does this mean? Well, it doesn’t mean that they have found a CEO replacement (if so, it would be insider trading since the news isn’t public). But, what it does mean is that Icahn is bullish that their selection pool for the CEO process is strong and he knows the news will push the stock price higher. With such a down economy, their chances of finding powerful talent to take over the position is much greater. Yahoo shares will be jumping up Monday following Icahn’s speculative purchase and possibly even greater later in the week if they find the replacement.
by Jason Wilk on November 21, 2008
- Apple (AAPL), which closed the day at $82.58, hit a 2 year low of $79.14 this morning. It has not been that low since November, 2006.
- Google (GOOG), which closed the day at $262.43, hit a 3 year low of $247.30 in the morning. It has not been this low since May, 2005.
- Both companies are cash rich with no debt and beating earnings. When will everyone jump back in?
(image via ZDnet)
by Jason Wilk on November 20, 2008
- Salesforce.com announced a 43 percent increase in third quarter revenues, beating Wall Street’s expectation
- The stock (CRM) rose 10.8 percent in after hours trading to $25.30, up over 5%
- Q3 revenues reached $276M for the period ending Oct. 31, fueled by growth in its subscription and support business.
- Wall Street expectations put estimated Salesforce.com to generate $273.5 million, according to Thomson Reuters.
- King Benioff must be pleased.
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