Numbers aren’t really working out that well for Dell. One of Its rivals scored points today with impressive preliminary results, but–of more significance–there are ominous sounds coming from Intel’s direction regarding the rest of this year and the whole of next year. Cautionary pre-earnings notes took their toll this morning as well, and drove the numbers down.
Barclays Capital analyst Ben Reitzes trimmed his EPS estimates and target price today on Apple (AAPL). He now expects EPS for the September 2008 fiscal year of $5.21, down from $5.23; for FY ‘09 he sees $5.65, down from $6.05. For FY Q4, he sees $1.11, down from $1.12 previously. Reitzes lowered his target price for the stock to $135, from $180.
Solar industry shares are off to a rousing start this morning on news that the Senate plans to add the stalled “tax extender” legislation, which includes an eight-year extension to the solar investment tax credit to the pending bailout bill for the financial sector.
Every cloud has a silver lining. Ask the cybersquatters. Even as the short-selling vultures began circling Lehman Brothers, HBOS, Merrill Lynch and company, a legion of entrepreneurs began betting on domain names for hastily merged financial institutions.
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