Kaufman Bros. analyst Shaw Wu this morning launched coverage of Palm with a Hold rating and a $16 price target. He writes in a research note that the company is well-positioned in the smart phone sector with its WebOS software, but that the valuation is expensive; he also is concerned about ongoing operating losses and a weak balance sheet.
Dell CEO Michael Dell has done little to dispel rumors that his company is working on a mobile computing device. In fact, he all but confirmed them while traveling in Japan on March 24 when he said: “It is true that we are exploring smaller-screen devices.” What form those devices will take remains a matter of heated debate.
So, uh, wasn’t Dell supposed to be working on a cellphone?
Well, that was the scuttlebutt. But Dell has failed to show at recent mobile trade shows. Shaw Wu, an analyst at Kaufman Bros., asserts in a research note today that the company’s first attempt was basically rejected by the carriers as too, well, Dell-like.
The Street seems to be backing away from the theory that Apple will introduce a cheaper version of the iPhone with a smaller screen and reduced functionality.
Yesterday, Bernstein Research analyst Toni Sacconaghi noted that the company does not appear to be pursuing his idea for an “iPhone Nano,” and that any new iPhones are likely to include both a browser and access to the App Store.
Good news for shoppers, bad news for retailers. Apple’s Black Friday discount could be up to 15 percent, compared to 5-10 percent. Retailers will be the ones suffering for it, though, not Apple. The ability of Apple products to attract shoppers into stores and turn them into buyers–especially of high-margin products–is likely the reason retailers are willing to take the hit.
Kaufman Bros. analyst Shaw Wu believes that Apple’s market share is still small enough relative to the overall PC and cellphone markets that there’s room for significant growth in both the Mac and iPhone businesses. He expects the company to earn $5.05 a share in FY 2009 on revenues of $35.5 billion.
Apple shares are down sharply today after American Technology Research analyst Shaw Wu cut his estimates on the company for both this year and next year. Wu cut his forecast for the September 2008 fiscal year to $5.29 from $5.34; for FY 2009 he goes to $6.15, from $6.35.
This is a section of the All Things Digital Web site featuring posts from around the Web, from other Dow Jones properties and also original pieces we solicit. The section is now explicitly labeled that it comes "from other Web sites."
We are fully aware of the controversies around how linking and aggregating is done on the Web and we, in no way, are attempting to "scrape" original content created by others. Instead, regarding third-party posts, we are trying to point readers of this site to other posts from around the Web that we admire and are trying to do so in the quickest manner possible.
The Internet is full of terrific content that is not ours and we want to help our readers find it by making editorial suggestions--Look, Mom, no algorithm!--of posts we think are worth their time.
That is why we have made even more changes to Voices to ensure we do this in the most transparent and timely way. While we don't expect that everyone will agree with our policies, we have made changes that reflect our intent in pointing to content outside our site.
So here is exactly what we do:
Because the site is wholly owned by Dow Jones, publisher of The Wall Street Journal, we aim to adhere to the journalistic standards of the best of the mainstream media. But, because it is run autonomously as a small online startup, we aim to exhibit the fresh thinking and nimbleness of the best of the new media. We want to be first, and sassy, but also well sourced and accurate. We will offer lots of opinion and analysis, but plenty of fact as well.
D is unlike any other executive conference. Since its debut in 2003, D has brought to life the energy and excitement of the digital revolution in an unscripted, upfront and unparalleled way. Read more »
Don't miss a post! Sign up for our Daily Email and get AllThingsD.com delivered each day.
Get columns, blogs and video from D and All Things Digital on your iPhone. Download now »
