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Wow. Apple Financial Services Really Does Make Buying a Mac as Easy as Using One
Economic softness in the states is widespread, but apparently it stops short at 1 Infinite Loop. Though consumer spending on electronics is generally trending lower, it’s trending higher for Apple...
View ArticleCiti Cuts Estimates on Apple, Price Target Cut to $170
In the latest in a string of analysts getting spooked about slowing consumer spending, Citigroup (C) analyst Richard Gardner this morning cut his estimates for Apple (AAPL) for this year, 2009, and...
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Investor Feedback for eBay: Awful Seller. Would Not Buy From Again. F-.
The deepening recession is playing havoc with eBay’s now nine-month-old turnaround strategy. While the company beat Wall Street’s lowered expectations for its third quarter Wednesday, it also updated...
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Circuit City Reschedules Black Friday for This Wednesday
Black Friday, the beginning of the traditional Christmas shopping season, will kick off far earlier than usual this year, thanks to Circuit City (CC). In the aftermath of a particularly nasty...
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Google: Whoops! Econalypse
The econalypse is finally catching up with Google–according to the company’s recently released 10-Q and Barclays Capital analyst Douglas Anmuth, who apparently just read it. Noting that advertising...
View ArticleApple: Kaufman Bros. Starts Coverage With Buy Rating
Kaufman Bros. analyst Shaw Wu, who until last month worked at American Technology Research, has relaunched coverage of Apple (AAPL) with a Buy rating and a $120 price target. Wu contends that there is...
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ComScore: Cyber Monday Sales Up 15 Percent
As promised, here are the comScore (SCOR) Cyber Monday numbers: The Web measurement firm says sales increased 15 percent over last year’s totals (click on table to enlarge). Taken together with numbers...
View ArticlePiper Sees '09 E-Commerce Down 10 Percent; Online Ads Up 2 Percent
While I noted earlier his reduced estimates for both Apple (AAPL) and Google (GOOG), Piper Jaffray’s Gene Munster today actually cut estimates on 33 Internet and online content companies, citing “the...
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New from Nintendo: Super Mario Recession for Wii
So the seemingly unfailing demand for Nintendo’s Wii? Failing. Though Wii manufacturer Nintendo posted a 21 percent gain in quarterly operating profit on brisk demand for the videogame console, it...
View ArticleConsumer Spending Outlook Still Deteriorating, Survey Finds
The outlook for consumer spending over the next 90 days looks “grim,” according to ChangeWave Research. The firm said a survey of 2,701 U.S. consumers taken in the February 2-9 period found “the worst...
View ArticleRealNetworks Q1 EPS Misses; Declines to Forecast
Internet streaming media software developer RealNetworks (RNWK) this evening reported Q1 sales of $140.8 million, down 5 percent year over year, and in line with analysts’ estimates, and a net loss of...
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Psyonara, Redux
Interesting turn of events in the Apple-Psystar spat. Psystar, the unauthorized Mac clone maker, has filed for bankruptcy. Seems the company’s acrimonious legal battle with Apple and the souring...
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Coming Soon from Motorola: The DESPRT With Android
Is Google’s (GOOG) Android OS a panacea for the decrepitude and irrelevance that are now the hallmark of Motorola’s handset division? The company is betting that it is. “People familiar with the...
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Confirmed: Layoffs at RealNetworks' Rhapsody
The ax is swinging at Rhapsody America. The subscription music service, a joint venture between RealNetworks (RNWK) and Viacom (VIA) subsidiary MTV Networks, is sacking nine percent of its employees,...
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Google: We're Hiring, and Spending, Again
Google CEO Eric Schmidt used the opening moments of a New York City press conference to reinforce a message he’s been delivering for a couple months: The worst is over, things are looking up, and...
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Oy Vey eBay
Though eBay reported a 29 percent drop in profit for its third quarter Wednesday, the company did deliver revenue that was reasonably higher than Wall Street’s expectations. Not that it mattered much....
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2009 Chip Sales Not Nearly So Bad as They Could Have Been
After spending most of the past year buried deep in the mud, the chip industry has almost managed to pull itself out with the help of a boost in consumer spending. According to the latest metrics from...
View ArticleDigital River: FBR Now Bullish; Sees Improving E-Tail Business
Digital River (DRIV) shares are trading higher this morning after FBR Capital analyst Daniel Ives lifted his rating on the e-commerce services company’s stock to Outperform from Market Perform. The...
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Sirius Posts a Profit
Sirius XM Radio’s latest quarter turned out to be a decent one for the satellite radio operator. Posting first-quarter earnings before market open today, the company reported a profit of $41.6...
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