I hate to pick on any particular analyst -- especially one with as good a track record as RBC Capital's Mike Abramsky -- but this is hard to resist.
When we last visited Mr. Abramsky, he had issued a price target for Apple (AAPL) of $70 -- the lowest of all the analysts who track the stock -- three weeks before the shares shot past $100. See Mike Abramsky's bad Apple MORE
Philip Elmer-DeWitt - Feb 11, 2009 11:42 AM ET
Forgive me if you've already seen this -- and nearly a quarter million people already have, according to YouTube -- but I just stumbled across this video and thought I'd share it on what's shaping up as a slow day for Apple news.
It's a photographic history of the company set to Fiona Apple's version of "Across the Universe" (from the movie "Pleasantville").
The video's provenance is uncertain; it was posted on MORE
Philip Elmer-DeWitt - Feb 11, 2009 7:46 AM ET
When Barclays' Ben Reitzes refers to the "stickiness" of Apple's iPhone, he's not talking about adhesives on the product's surface. (Indeed, the iPhone seems to us as slippery as ever, which may be why there's such a lively market in protective cases.)
What he's referring to in a report to clients issued Tuesday is a lock-in effect, whereby iPhone and iPod touch owners who buy from the App Store become increasing MORE
Philip Elmer-DeWitt - Feb 10, 2009 11:25 AM ET
Apple CEO Steve Jobs was pretty dismissive of Amazon's Kindle electronic book reader when it first came out. "The whole conception is flawed at the top," he told the New York Times a little over a year ago, pointing out that 40% of Americans make it through one book a year or less. "People don't read anymore."
The launch Monday of the Kindle 2 after 14 months of strong sales -- MORE
Philip Elmer-DeWitt - Feb 10, 2009 8:37 AM ET
I'm zipping through the streets of Portland, Ore., in a Lincoln Navigator while a "Knight Rider" episode streams over the Internet to a screen mounted to the car's dashboard. The technology driving the demonstration? WiMax, the much-hyped wireless standard that promises to deliver Internet to consumers and businesses at speeds up to five times faster than today's home broadband services.
The good news is that WiMax appears to work pretty MORE
Jon Fortt - Feb 9, 2009 6:31 PM ET
Amazon's (AMZN) Kindle has a skinny sister -- the Kindle 2.
At a press conference Monday morning in Manhattan, CEO Jeff Bezos introduced a thinner, lighter and faster version of the company's surprisingly popular handheld electronic book reader. The price is the same -- $359 -- and it goes on sale today for delivery in 15 days.
The new device looks very much like the old one, with these improvements:
Thinner: 0.36 inches MORE
Philip Elmer-DeWitt - Feb 9, 2009 11:06 AM ET
A lot of Steve Jobs watchers were surprised three weeks ago when Mike Abramsky of RBC Capital Markets downgraded Apple (AAPL) to "underperform" and lowered his price target from $125 a share to $70. (link)
The stock, which opened at $84.3 that Friday, slid to $78.2 the following Monday, a 27-month low.
That bearish report -- which cited Jobs' recently announced medical leave -- was especially troubling to anybody holding Apple shares MORE
Philip Elmer-DeWitt - Feb 8, 2009 1:12 PM ET
How do these rumors get started? Or, more to the point, how do they get perpetuated?
Late Thursday, a site called tinycomb ("Hand-Picked Tech News") reported that Facebook had been banned "for life" from every Apple (AAPL) store in the United States -- some 207 retail outlets in all, by my count.
This must have been one of those facts that was too good to check, because I'm pretty sure none of MORE
Philip Elmer-DeWitt - Feb 6, 2009 2:49 PM ET
Lists of the fastest-growing companies tend to be dominated by smaller firms. That makes sense; it's a lot easier for a $30 million dollar enterprise to double in size than a $30 billion one.
Which makes it all the more surprising to find Apple (AAPL) appearing for the first time in Forbes' ranking of America's 25 Fastest-Growing Tech Companies -- especially given the pummeling its shares have undergone over the past year MORE
Philip Elmer-DeWitt - Feb 6, 2009 9:57 AM ET
Congress may have postponed the scheduled Feb. 17 transition to digital broadcast television on Wednesday -- ensuring that millions of rabbit-ear TVs won't go dark for at least another four months -- but that doesn't mean that the way Americans get their video entertainment isn't in the midst of wrenching change.
Take, for example, the story on the front page of Thursday's New York Times: Digital Pirates Winning Battle With Major MORE
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.24 | -0.06 | -0.86% |
| Ford Motor Co | 12.26 | -0.48 | -3.75% |
| Frontier Communicati... | 4.22 | -0.25 | -5.59% |
| Juniper Networks Inc... | 21.62 | -0.75 | -3.33% |
| Cisco Systems Inc | 19.59 | -0.24 | -1.21% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,663.49 | -71.14 | -0.56% |
| Nasdaq | 2,812.82 | 7.54 | 0.27% |
| S&P 500 | 1,315.83 | -2.60 | -0.20% |
| Treasuries | 1.91 | -0.02 | -1.09% |
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