In case you hadn’t noticed: Apple (AAPL) shares today touched $190 for the first time since Jan. 4.
The stock has now recovered almost all of its entire massive decline from $198 at year-end to an intra-day low at $115.44 on Feb. 26. That’s a rally of nearly 65% off the lows, which is not too shabby.
Mr. Market keeps singing the same song on Yahoo (YHOO): a new Microsoft (MSFT) bid or an investor-led proxy battle does not appear that likely.
Yahoo shares are down for the third straight session, as hopes for a revived deal continue to fade.
One of the most obvious takeaways from Microsoft’s pending multibillion- dollar bid for Yahoo is that the always-connected world is a lot more complicated place for the boys from Redmond to navigate than the quaint old world of desktop office applications. Inherent in the bid is an admission that Microsoft has failed, despite billions of dollars of investment, to gain significant traction in online search and advertising. So now it’s trying to buy its way in, targeting the only company that’s had any substantial success competing with Google in search.
So, according to a variety of newspaper accounts, Yahoo is going to flat out reject Microsoft’s $31-a-share takeover bid, and assert that the company is worth a lot more–as much as $40 a share. So what happens now?
I’ve come across a second Street research note addressing the status of Apple’s production plans.
Yesterday, as I am sure you will recall, I wrote a post about a note by Friedman Billings Ramsey analyst Craig Berger, who said that he had learned that Apple had recently increased its productions plans for the iMac, while reducing orders for iPods and iPhones. Some people criticized the findings, noting that there were several potential explanations. One theory: the company is slowing production of older models in preparation for new models.
Let’s dive in a little more into the issues around Cisco’s disappointing guidance for its fiscal third quarter ending in April.
In a brief interview with Tech Trader Daily late this afternoon, I got a few more details on the situation from Ned Hooper, Cisco’s senior VP for corporate development and consumer and small business.
If you think that the tech sector is a haven from the tribulations in the debt market, I have some troubling news for you.
Essentially, there are three ways that the debt crisis could directly bite the tech sector.
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