Analysts are baking the new carrier into their 2011 estimates, but low-balling sales
On Wednesday, Stifel Nicolaus' Doug Reid raised his Apple (AAPL) target price to $390 per share (from $360) based in part on his "increased confidence" of a Verizon (VZ) launch in early 2011 (mid-February is his best guess).
On Thursday, Merrill Lynch's Scott Craig did the same, raising his target to $420 (from $415) for similar reasons. "We expect a Verizon iPhone to be introduced in early C2011," he wrote, "and we are now baking Verizon into our estimates."
So how many Verizon iPhones are they baking in? Surprisingly few.
Leo Apotheker is barnstorming the world as he embarks on fixing the culture and focus of the huge technology company. One to-do stands out above all the rest.
Here's what new Hewlett-Packard CEO Leo Apotheker's to-do list might look like:
Move to Palo Alto
Increase investment in research and development
Build a "strong and viable" software business
The first two tasks should be easy enough to cross off the list. MOREMichal Lev-Ram, writer - Nov 29, 2010 2:45 PM ET
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