Two high-profile electronic-book readers seeking to challenge Amazon.com Inc.’s Kindle could be scarce under the Christmas tree.
Sony Corp. Wednesday said orders for its new Daily Edition Reader–which the company said in August would arrive in time for the holidays–are now expected to ship Dec. 18 through Jan. 8. It added that the actual delivery date can’t be guaranteed.
It’s too late to sell your Apple stock. If you sold it yesterday, you are a genius. But today? You’ll be the biggest loser. Why? Apple has the best team, the best distribution, the best supply chain, the best management in the business. Everyone, from Palm to Microsoft to Google wants to be like Apple. Hint: They can’t.
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.
Corning (GLW) this morning said it now sees Q3 profits before special items of 43-45 cents a share, down from previous guidance of 48-51 cents. Sales are now expected to be $1.58 billion to $1.62 billion, down from $1.65 billion to $1.72 billion. The company also dropped its gross margin expectation for the quarter to about 47 percent from “at least 50 percent.”
Everybody knows the story by now: Tech budgets aren’t growing as fast as they have in the past as companies try to weather a stormy economy. But there’s one bright spot in this otherwise cloudy forecast: Businesses will boost the amount they spend on supply-chain management technology by 15% this year.
A few days ago, I was in a meeting and the topic turned to market disruption. Thoughts formed in my mind from years of successes and failures, big and small, so I started writing them down on a whiteboard. As my colleagues listened, they said that people beyond that room might like to hear what I had to say.
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