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Closing Bell: Blaming Those Greeks (BP, ANN, NBG, GS, CAL, UAUA, AAPL)

Blame the Greeks... Why should today be any different? The fear is that the Greek debt crisis is ready to spread. You have heard it before, and you will continue to hear it again. Maybe this is just the excuse the bears needed to take control. Suddenly, the VIX was back above 25 for the first time since February.

Here were today's closing bell levels:

Dow 10,926.77 -225.06 (-2.02%)
S&P 500 1,173.60 -28.66 (-2.38%)
Nasdaq 2,424.25 -74.49 (-2.98%)

Top Analyst Calls

Continue reading Closing Bell: Blaming Those Greeks (BP, ANN, NBG, GS, CAL, UAUA, AAPL)

Is Yahoo!'s Carol Bartz Following the Steve Jobs' Recipe for a Turnaround?

Carol Bartz, CEO of Yahoo! Inc. (YHOO), still is getting her company together to capitalize on the internet pioneer's huge global brand and leading customer visit numbers. Many in the analysis and tech/internet world have written off Yahoo! as a stodgy company that once owned the internet but has lost its way. Indeed, YHOO shares have flirted with the $20 mark in the last year, but were at a low of $15 in December and have not consistently cracked $20 in over a year. Would you buy it?

Continue reading Is Yahoo!'s Carol Bartz Following the Steve Jobs' Recipe for a Turnaround?

Was Apple's 4G iPhone a Pre-earnings Plant?

A day before Apple, Inc. (AAPL) reports earnings, Internet site Gizmodo is reporting that it has its hands on the fourth-generation (4G) Apple iPhone. The phone was supposedly "lost" in a bar in Redwood City and a dis-assembly of the gadget showed that this is Apple's next uber-hip phone. As the story states, the final packaging and the design of the final phone may yet well end up being different, there is a pretty substantial list of new features for the iPhone 4G that can be discovered by examining it.

Continue reading Was Apple's 4G iPhone a Pre-earnings Plant?

Apple Delaying International iPad Launch Due to Shortage

Talk about your successful debuts. Apple (AAPL) announced this morning that it will have to delay the international launch of its new iPad by a month due to a shortage of the extremely popular new tech offering. During the first week of iPad existence, the tech giant sold more than 500,000, forcing the company to push the international debut back to the end of May.

Apple stated that "demand is far higher than we predicted and will likely continue to exceed our supply over the next several weeks as more people see and touch an iPad. We have also taken a large number of pre-orders for iPad 3G models for delivery by the end of April."

Continue reading Apple Delaying International iPad Launch Due to Shortage

Apple's iPhone To Get Multitasking

iphone multitaskingThis summer, Apple Inc. (AAPL)'s iPhone and iPad are going to have a feature that iPhone users have been dying to see since the phone hit the market in 2007... the ability to multitask.

The iPhone took the world by storm when it was released, and each time Apple releases a new model of the popular smart phone consumers line up and wait for hours, and in some cases days, to get their hands on the new Apple iPhone. While the phone is one of the most popular phones on the market today, there are a couple of issues with them, and the inability to multitask ranks up at the top of list of features that iPhone users have wanted.

Continue reading Apple's iPhone To Get Multitasking

Chasing Value: Apple Closing in on Berkshire

About five weeks ago, I posted Chasing Value: Berkshire Eating Up Apple -- Can It Continue? Today I thought I would take another peek to see how Berkshire Hathaway (BRK.B) and Apple Inc.(AAPL) compare now.

Both companies are led by much-admired iconic figures who standout for their extreme success and business leadership. Both Warren Buffett and Steve Jobs are practically worshiped by their shareholders, and for good reason -- both companies have added value during the past ten years, a time when most companies have not, and some are just not -- they're gone.

Continue reading Chasing Value: Apple Closing in on Berkshire

Apple Sells More Than 300,000 iPads in First Weekend, Analysts Take Note

Talk about a good first weekend. This morning Apple (AAPL) announced that it sold more than 300,000 iPads as of midnight on Saturday, including deliveries of preordered iPads to customers, to channel partners, and sales at Apple Retail Stores. The company added that iPad users downloaded more than 1,000,000 apps from their App Store and more than 250,000 ebooks from its iBookstore the first day.

Steve Jobs noted that "It feels great to have the iPad launched into the world -- it's going to be a game changer ... iPad users, on average, downloaded more than three apps and close to one book within hours of unpacking their new iPad." This is great news for the company, and it lead to JPMorgan upping the company's price target to $305 from $240 while raising 2010 EPS estimates to $12.74 from $11.59. Kaufman expects AAPL to now reach $295 as well.

Continue reading Apple Sells More Than 300,000 iPads in First Weekend, Analysts Take Note

Is AIG's Chief Executive Really Doing a $3 Million Job?

Reports this week indicate that Kenneth Feinberg, the Obama administration's pay czar, has a darkly comic definition of "tough love." While Feinberg reduced overall cash compensation for the top earners at American International Group (AIG) by a healthy 63%, a closer look reveals that the insurance company's high-ranking employees are still pulling down the kind of eye-popping annual pay you might expect from a successful business.


Continue reading Is AIG's Chief Executive Really Doing a $3 Million Job?

Is Apple Too Secretive About Its Products?

Apple (AAPL) has shown that a locked-down, incredibly easy-to-use wireless handset like the iPhone is precisely what customers want. Even with all the limitations the iPhone seemingly has, it "just works" -- and that's what tech-overwhelmed consumers want. Is Apple so fearful of its secrets and products under development that its suppliers are acting Orwellian? Sure.

This Reuters article is as accurate as anything that's turned up recently about how Apple's super secrets are kept until a product is announced on launch day. Suppliers and outsourcers are kept in the dark in many ways, employees are treated like spies and even mild violence can occur sometimes. For all the good press Apple receives, is this the way its suppliers are told to operate -- like clandestine nuclear arms operators? To protect all things Apple, apparently so.

Continue reading Is Apple Too Secretive About Its Products?

Chasing Value: Berkshire Eating Up Apple -- Can It Continue?

Yes it can. Berkshire Hathaway Inc. (BRK.B) can outperform Apple Inc. (AAPL) in 2010. That was my thesis in December (see Buffett's Berkshire vs Jobs' Apple for 2010?) and I still believe all the Apple hype in the world will still succumb to a solid value proposition in the long run.

While Apple was reaching new all time highs Berkshire was treading water through 2009. However, after a monster run-up Apple is taking a breather.

Continue reading Chasing Value: Berkshire Eating Up Apple -- Can It Continue?

Apple Shares Plunge After Best-Ever Quarter, iPad Announcement

After Apple (AAPL) reported its best quarter ever last week, one would think shares in the iconic gadget maker would have started rising to new highs. Not to mention that after last Tuesday's record quarter announcement, Apple also unleashed a brand-new product after months of salivating hype from the tech press. Instead, AAPL shares have been on a downward trajectory ever since. Doesn't this defy the laws of physics? Not at all.

Apple, who loves taking ideas, refining them to an ultra-high sheen and releasing them as something "magical," mostly underwhelmed the world with its iPad device last Wednesday. Like anything in Apple's history, all the buildup to its announcement was cheekily detrimental.

Continue reading Apple Shares Plunge After Best-Ever Quarter, iPad Announcement

Did Steve Jobs Pull a Fast One at the iPad Unveiling?

Just when you have had enough of hearing about Apple's (AAPL) iPad, I have something else for you. It seems Steve Jobs may have issued a bit of a surprise at yesterday's iPad unveiling. The surprise? The price. According to the ValleyWag blog, some Apple bigwigs were told that the price of the iPad was pegged at $399 -- not the $499 that Steve Jobs revealed.

Is this true? It wouldn't be the first time that a rumor like this circulated. The first comment brings up the rumor that the Macintosh was set to carry a price tag of $999, but that Steve Jobs pulled a fast one -- doubling the price thanks to the marketing of the computer. Is this a substantiated story? No, it ranks up in the pantheon of lore like the cocaine in Coca-Cola.

Continue reading Did Steve Jobs Pull a Fast One at the iPad Unveiling?

Can Hopes Get Too High for Apple's 'Jesus Slate'?

It seems that you can't swing a dead iPod in the financial media lately without hitting an article about Apple's (AAPL) hotly anticipated "iSlate" (and yes, I realize I am part of the problem right now). The Cupertino, Calif.-based company is unveiling its latest gadget in San Francisco next week, and just about everyone is predicting that it will be a touch-screen tablet computer.

Continue reading Can Hopes Get Too High for Apple's 'Jesus Slate'?

Entrepreneur's Journal: How to Create a Billion-Dollar Company

From his apartment in 1999, Marc Benioff started a new-fangled software company, Salesforce.com (CRM). While there have been some missteps along the way, the company is a model of success. Today, Salesforce.com generates more than $1 billion in sales, is profitable and has a market cap of $9 billion.

How did Marc do it? Well, now we have a chance to find out. That is, he has written an excellent book about his experiences and strategies, called Behind the Cloud: The Untold Story of How Salesforce.com Went from Idea to Billion-Dollar Company -- and Revolutionized an Industry.

Continue reading Entrepreneur's Journal: How to Create a Billion-Dollar Company

Apple App Store: Billions and Billions Served

McDonald's (MCD) isn't the only company tapping into the "billions" game. In a bit of chest-thumping while Google (GOOG) announced its new cell phone, Apple (AAPL) let the world know that iPhone and iPod Touch users have pulled down 3 billion applications from the company's App Store since its launch a year and a half ago.

Steve Jobs, the company CEO, said, "This is like nothing we've ever seen before." He didn't reveal how many of these apps were free -- and whether billions and billions of downloads translate to billions and billions of dollars.

Continue reading Apple App Store: Billions and Billions Served

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DJIA-74.9212,454.83
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Last updated: May 28, 2012: 08:53 PM

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