First came the PC, then the notebook and netbook. Now we fast forward to the smartphone and the tablet. These new devices are taking the technology world by storm. Apple (AAPL) could sell 30 to 65 million iPad 2s this year.
As a result, The PC industry is bleeding badly. Look at these numbers:
- February revenue from PC makers in Taiwan is down 20%. The number is significant because Taiwan manufacturers 90% of all PCs.
- Hon Hai (HNHAF), which makes Apple products and PCs for Dell (DELL), saw shipments down 18% in February, as reported in Financial Times.
- Gartner, a research consultancy, lowered PC shipments by 5% to 387.8 million units this month.
Continue reading Acer Losing Market Share to Smartphones and Tablets
The market tried to hit a new two-plus-year high again today. Anything cautious for the markets is being discounted and valuation concerns are out the door. It seems the bulls are in charge -- regardless of what comes down the pipe in the Middle East, Japan, the PIIGS and elsewhere. Even a goal of only aiming to cut foreign energy dependence by one-third did not rattle markets. The TARP even made money. Maybe we can just convince Bernanke to go ahead and raise rates to get the pain over with, once and for all.
Here were today's unofficial closing bell levels:
Dow Jones: 12,350.61 +71.60 (0.58%)
S&P500: 1,328.26 +8.82 (0.67%)
Nasdaq: 2,776,78 +19.90 (0.72%)
Top Analyst Calls
Continue reading Closing Bell: When No Bears Can Be Found (AAPL, CCJ, CAT, CEPH, CVX, CLNE, DELL, UTA)
U.S. stock futures are higher this morning, as investors await ADP employment data. Futures for the Dow Jones Industrial Average
surged 51 points to 12,276.00, and those for the S&P 500 index gained 6.20 points to 1,322.70. Futures for the Nasdaq 100 index added 16.50 points to 2,339.00.
Overseas, positive sentiment ruled the European markets today. While STOXX Europe 600 Index has gained 0.79%, London's FTSE 100 Index moved up 0.50%.
Continue reading Stock Futures Higher Ahead of ADP Employment Data
IBM (IBM) sells middleware software and technology services such as outsourcing and integration to large and medium sized businesses worldwide, and competes with firms like Oracle (ORCL) and Red Hat (RHT). IBM is also among the global leaders in business systems and competes with hardware vendors like Hewlett-Packard (HPQ) and Dell (DELL) in the server market as well as firms like EMC (EMC) and NetApp (NTAP) in the storage market.
In a recent development, IBM announced the launch of a new software and consulting service targeted at helping companies swiftly adapt to rising customer demands in today's digitally transformed marketplace. The firm chooses to call this new emerging category "Smarter Commerce," keeping in line with its Smarter Planet initiative. We have earlier discussed IBM's focus on its Smarter Planet initiative and how the firm stands to benefit from it. (See IBM's Smarter Planet Initiatives Lay Groundwork for Growth.)
Continue reading IBM Smells Opportunity in CRM with Launch of Smarter Commerce Initiatives
- Cree (CREE) and Rubicon Technology (RBCN) to buy from neutral at Merriman.
- Children's Place (PLCE) to outperform from market perform at BMO Capital.
- Lockheed Martin (LMT) to neutral from underperform at BofA/Merrill.
- Copano Energy (CPNO) to outperform from market perform at Morgan Keegan.
- Motorola Mobility (MMI) to neutral from reduce at Nomura.
- Parker-Hannifin (PH) to buy from hold at KeyBanc.
- Akamai (AKAM), ShoreTel (SHOR), AMB Property (AMB) and ProLogis (PLD) to buy from hold at Stifel Nicolaus.
Continue reading Analyst Calls: AAPL, AEO, CREE, DELL, HPQ, IBM, LMT, MMI, MYGN, PH ...
Over the past couple years, the storage market has been the target of big acquisitions from companies like HP (HPQ) and Dell (DELL). With cloud computing -- as well as the emergence of data-hungry applications -- the growth in the market has been strong.
To capitalize on this, some of the top companies are looking at IPOs. For example, Fusion-io made its filing this week. The lead underwriters include Goldman Sachs (GS) and Morgan Stanley (MS).
Continue reading Hot Storage Company Fusion-io Goes for an IPO
IBM (IBM) sells middleware software and technology services such as outsourcing and integration to large and medium-sized businesses worldwide, and competes with firms like Oracle (ORCL) and Red Hat (RHT). IBM is also among the global leaders in business systems and competes with hardware vendors like HP (HPQ) and Dell (DELL) in the server market, as well as storage firms like EMC (EMC) and NetApp (NTAP) in the storage market.
Continue reading The Impact of Increased Tech Spending on IBM
When it comes to picking trends, JPMorgan Chase (JPM) has nailed the latest market to experience explosive growth. It is the fast-growing tablet market, as reported in Reuters.
Morgan's analyst, Mark Moskowitz, has upped his forecasts for tablet sales in 2011 and 2012. For 2011 he raised his numbers from $24.9 to $26.1 billion. For 2012 his numbers are increased from $34.1 billion to $35.2 billion. Unit sales were upped by over 1 million to 48.1 in 2011 and 79.6 in 2012.
Continue reading JPMorgan Chase Ups Forecasts for Tablet Sales
The FOMC Minutes offered a slight economic upgrade today. A large draw in oil inventories and word that Iran was sending two warships through the Suez canal to go to the Mediterranean spooked investors for a bit. The S&P is now up 100% from the lows of March 2009.
Here were today's unofficial closing bell levels:
Dow Jones 12,288.17 +61.53 (0.50%)
S&P 500 1,336.32 +8.31 (0.63%)
Nasdaq 2,825.56 +21.21 (0.76%)
Continue reading Closing Bell: A Double From Lows (CAGC, CMCSA, DELL, DSCO, FDO, GENZ, SNY)
Dell (DELL) experienced a good reaction to its latest earnings report on Tuesday, but I don't find myself interested in the stock. The company just doesn't call out to me as a solid buy. Back in September of last year, I noted that there were probably better investment options out there. I tend to feel the same way today.
The 52-week low for the shares is $11.34, while the 52-week high is $17.52. At the time of this writing, the stock was up over 5% to $14.64 during the post-bell period following the release of Dell's Q4 data.
Continue reading Dell Earnings: Stock Trades Higher, But Should You Buy?
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