News media in China are reporting that a 25-year-old employee of Foxconn, which manufactures products for Apple there, committed suicide last week after being interrogated about a missing prototype for a new iPhone.
Novatel shares are down hard this morning after JMP Securities analyst Samuel Wilson downgraded the stock to Market Underperform from Market Perform.
For the year through yesterday, Novatel shares had rallied 34.7 percent; Wilson notes that the wireless networking equipment company has gotten a boost from its role providing components to the Amazon Kindle 2 e-book reader. But Wilson says the Kindle 2 will contribute at most $10 million a quarter to Novatel’s revenue, “not enough to fill the hole left by the drop in demand in the PC and USB adapter business.”
The MacBook Brick is a block of high-quality, aircraft-grade aluminum. It is the beginning.
The beginning of what?
It is the beginning of the new Apple manufacturing process to make MacBooks. It is totally revolutionary, a game changer. One of the biggest Apple innovations in a decade.
Things keep getting worse for Motorola (MOT) and its unraveling handset business. Yesterday, the stock was pressured by comments from contract manufacturer Foxconn suggesting that weak demand for Motorola’s phone continues.
The stock today has extended its losses, pressured in part from a flurry of negative research from the Street.
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Motorola (MOT) shares continue to sink ever deeper into the mire.
The stock is getting whacked today, perhaps in part from some bearish commentary from the contract manufacturer Foxconn. According to Bloomberg, Foxconn Chairman Samuel Chin made some bearish comments following his company’s annual meeting today in Hong Kong.
Chin said that Motorola, Foxconn’s biggest customer in [...]
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