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AAPL Market Currents
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Wednesday 5:02 PM "I have great confidence the Fed is ultimately going to get their way," says Lee Cooperman, explaining the bear case on Treasurys. "I don't think people understand how risky a U.S. government bond is at 2% return." He's keeping his money in what has worked - gold, the S&P, Apple (AAPL), and Qualcomm (QCOM), among others. Treasurys have worked too - how about a little love?
2 Comments[U.S. Economy]
- Wednesday 2:14 PM Credit Suisse's Kulbinder Garcha is the latest to weigh in on what Apple (AAPL -0.2%) should do with its giant cash stash - $98B as of the end of December - contending AAPL will have enough cash flow over the next four years to fund a dividend of at least $10/share plus buybacks. Garcha hikes his target price on the shares to $600 from $550. [Tech]
- Wednesday 9:58 AM Apple (AAPL) contract manufacturer Foxconn hid underage workers in advance of an inspection last week by the Fair Labor Association into the health and safety conditions at its plant, a watchdog organization claims. Apple recently said FLA was beginning inspections of the Foxconn facilities in China, which reportedly turned up "tons of issues." [Tech]
- Wednesday 9:54 AM Sterne Agee, Needham, and Citi are downgrading Dell (DELL -5.8%) following yesterday's FQ4 miss and weak guidance. Sterne sees Dell's PC business suffering at the hands of Apple (AAPL), Acer, and H-P (HPQ), while Citi doesn't expect Dell's soft gross margin to improve in FQ1. Staying bullish is Deutsche, which thinks Dell's current woes are due to near-term hard drive and government spending issues. (transcript) [Tech, On the Move, Quick Ideas]
- Wednesday 9:30 AM Apple (AAPL) shareholders have a lot to celebrate heading into Thursday's shareholder meeting, but all the same, some hot-button subjects are likely to get airtime. Tim Cook's plans for Apple's giant cash balance should be at the top of the list. Corporate governance may be close behind - last year, shareholders voted for a non-binding resolution requiring directors to be elected with a majority vote. [Tech]
- Tuesday 9:17 AM As expected, #3 Chinese carrier China Telecom (CHA) announces it will begin selling the iPhone 4S. Until now, #2 China Unicom (CHU) had been the only Chinese carrier authorized to sell the iPhone. China Mobile (CHL), the world's largest carrier, could strike a deal after Apple (AAPL) introduces the iPhone 5, which might support China Mobile's nascent 4G LTE network. (previously) [Tech]
- Sunday 5:39 AM The WSJ's report that Google (GOOG) circumvented the privacy settings of people who used Apple's (AAPL) Safari browser has caught the attention of Congress, with three House members on Friday calling on the FTC to probe Google, and the Senate Commerce Committee's Jay Rockefeller planning to look into the firm's behavior. [Tech, Consumer]
AAPL in Focus
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at MarketWatch.com (Thu, 6:19AM)
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at CNBC.com (Wed, 7:06PM)
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at CNBC.com (Wed, 6:38PM)
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at MarketWatch.com (Wed, 5:44PM)
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at CNBC.com (Wed, 5:08PM)
AAPL Press Releases and Filings
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Business Wire (Jan 19, 2012)
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Business Wire (Jan 9, 2012)
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Business Wire (Dec 12, 2011)
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Business Wire (Dec 7, 2011)
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AAPL vs. ETF Alternatives
Company Description
Apple Inc. and its wholly-owned subsidiaries (collectively “Apple” or the “Company”) design, manufacture, and market personal computers, mobile communication devices, and portable digital music and video players and sell a variety of related software, services, peripherals, and networking... More
