Author Archives: smoritz
  • Texas Instruments cuts sales target

    By Scott Moritz

    Texas Instruments (TXN) on Monday slashed its sales forecast as demand slumps.

    The Dallas microchip giant posted an adjusted profit of 43 cents a share, below the 52 cents reported in the year-ago period and a penny below analysts estimates. Sales for the third quarter ended last month were $3.39 billion, which is up from $3.66 billion last year and in line with estimates.

    But feeling the pinch of a MORE

    - Oct 20, 2008 5:28 PM ET
  • Nokia's 'iPhone killer' a 2009 event

    By Scott Moritz

    With touchscreen phones all the rage, and U.S. telcos following AT&T's (T) lead of cutting the price of Apple's (AAPL) iPhone, it would seem Nokia (NOK) will be left out of the smartphone party this year.

    The Finnish phone giant won't have its closely-watched 5800 phone - Nokia's music-loaded take on the iPhone - available here until sometime in the first half of next year, according to people familiar with the phone. MORE

    - Oct 16, 2008 4:28 PM ET
  • Market bidding isn't going Ebay's way

    By Scott Moritz

    Recessions are supposed to be boom times for yard sales and flea markets, so what's eating eBay (EBAY), the world's largest bargain bazaar?

    Ebay shares hit a new five-year low Thursday as yet another analyst weighed in on the nagging deterioration of the auction giant's business. Morgan Stanley analyst David Joseph downgraded eBay to neutral, pointing out that there are some troubling trends contributing to the company's drooping e-commerce MORE

    - Oct 2, 2008 1:14 PM ET
  • Solar industry sees ray of hope

    By Scott Moritz

    Solar tech stocks got a small jolt Wednesday after the U.S. Senate included an extension of renewable energy tax credits in its $700 billion financial bailout package.

    A vote by the Senate on the financial rescue plan is expected Wednesday. If passed it will head to the House of Representatives, which could vote as early as Thursday. In a surprise move, the Senate version of the proposed package salvages MORE

    - Oct 1, 2008 2:43 PM ET
  • Tech comes back, for now

    By Scott Moritz

    Three of tech investors' favorite horses - Google (GOOG), Research in Motion (RIMM) and Apple (AAPL) - which led the stampede out of the Nasdaq Monday, came rushing back a bit Tuesday.

    Panic sellers who sent the Nasdaq down 9%, its steepest one-day drop since the Internet bubble burst in 2000, were replaced by bargain hunters Tuesday. In mid-day trading Google shares were up 8% and RIM's stock bounced 10%. Apple was up 5%, while the Nasdaq as a MORE

    - Sep 30, 2008 2:02 PM ET
  • Apple bruised in downgrades

    By Scott Moritz

    Apple (AAPL) got hit with a pair of downgrades Monday as analysts see a weaker consumer taking a big bite out of the computer-maker's growth rate.

    RBC and Morgan Stanley analysts slapped Apple with neutral ratings, down from buy, on concerns that the slumping economy will put a chill on sales of Mac notebooks and desktop computers.

    Citing a IQ/Changewave survey, RBC noted that 40% of consumers questioned said they "plan on spending MORE

    - Sep 29, 2008 10:49 AM ET
  • Cisco's new home network

    By Scott Moritz

    Ned Hooper, head of Cisco's (CSCO) consumer business has a big challenge: Find new sales for a technology that's reached its limit.

    As the top seller of home Wi-Fi routers - those Internet-connected boxes that broadcast wireless signals throughout your house - Cisco needs a big new innovation now that the market is saturated.

    Hooper's solution: A network application that will control the connections to a variety of hardware devices. The MORE

    - Sep 24, 2008 2:41 PM ET
  • The Google phone upclose and personal

    By Scott Moritz

    NEW YORK - A brief hands-on experience with the Google (GOOG) G1 phone gives the impression that after a slew of touchscreen duds from other telcos, Apple's (AAPL) iPhone finally has a worthy rival.

    The highly-anticipated HTC phone for T-Mobile (DT) was unveiled in New York Tuesday, and kiosks with technical experts were set up so media people could run the first Android-powered phone through some tricks. T-Mobile will start MORE

    - Sep 23, 2008 2:14 PM ET
  • T-Mobile's Google phone may offer free e-mail

    By Scott Moritz

    Android lands at T-Mobile Tuesday, and as part of the effort to deliver the Google phone to the mobile market, T-Mobile is considering including free e-mail access.

    The new Android-powered phone will have Google's (GOOG) Gmail service built in, and T-Mobile executives are considering offering access to Gmail free, without the need for a data plan, says one person close to the discussions.

    The HTC-manufactured T-Mobile phone will be the first of the hotly-anticipated Android-operated handsets, and one MORE

    - Sep 22, 2008 3:05 PM ET
  • Microsoft, HP dangle cash to investors

    By Scott Moritz

    Big tech is putting its cash to work to appease investors.

    Microsoft and Hewlett Packard say they will throw weary shareholders a cash treat. Microsoft created a new five-year $40 billion share buyback plan and an 18% dividend boost. And HP has set aside $8 billion for share repurchases. The top PC maker had $3 billion of buyback money still in its budget under an $8 billion program it MORE

    - Sep 22, 2008 9:44 AM ET
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