raman kandola's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/159432/comments http://seekingalpha.com/article/83821-gross-margin-drivers-at-potash-corp-part-ii?source=feed#comment-199066 199066 Sun, 06 Jul 2008 05:07:13 -0400 http://seekingalpha.com/article/83624-replanting-soybeans-should-drive-need-for-seed-fertilizer?source=feed#comment-198807 198807 Sat, 05 Jul 2008 02:55:25 -0400 http://seekingalpha.com/article/83685-steel-coal-and-agriculture-plays-turning-over?source=feed#comment-197766 197766 Thu, 03 Jul 2008 08:11:40 -0400 http://seekingalpha.com/article/83685-steel-coal-and-agriculture-plays-turning-over?source=feed#comment-197765 197765 Thu, 03 Jul 2008 08:11:40 -0400 http://seekingalpha.com/article/83006-foreclosure-stimulus-to-boost-tech-s-four-horsemen?source=feed#comment-193995 193995 Fri, 27 Jun 2008 09:02:23 -0400 http://seekingalpha.com/article/81219-agricultural-chemicals-hit-new-highs?source=feed#comment-184757 184757
I am long AG stocks for the past two (2) years. Watched Jim Rogers prediction of the long AG rally. But the pricing right now for this stock get's me jittery !

Dow has been down over 1000 points, technical charts for the indices are heading down except for the AG stock. Are we going to see a correction before the earnings >!!!! Highly likely we would be, but we have some strong support for this stock. Like Pot has a strong $200, and $190 support, AGU $90, and $82 support ..

just my technical predictions..]]> Fri, 13 Jun 2008 08:04:18 -0400
I am long AG stocks for the past two (2) years. Watched Jim Rogers prediction of the long AG rally. But the pricing right now for this stock get's me jittery !

Dow has been down over 1000 points, technical charts for the indices are heading down except for the AG stock. Are we going to see a correction before the earnings >!!!! Highly likely we would be, but we have some strong support for this stock. Like Pot has a strong $200, and $190 support, AGU $90, and $82 support ..

just my technical predictions..]]> http://seekingalpha.com/article/80853-smooth-sailing-ahead-for-research-in-motion?source=feed#comment-183547 183547
But regarding the smart phone RIMM has a better edge and experience. They been selling their device for even $99.00 !

AAPL has still long way to go, but they've already gave a huge dent to PALM. ]]> Wed, 11 Jun 2008 14:16:24 -0400
But regarding the smart phone RIMM has a better edge and experience. They been selling their device for even $99.00 !

AAPL has still long way to go, but they've already gave a huge dent to PALM. ]]> http://seekingalpha.com/article/69564-who-is-to-blame-for-bear-stearns-demise?source=feed#comment-176521 176521 Fri, 30 May 2008 05:51:48 -0400 http://seekingalpha.com/article/79396-by-how-much-will-apple-blow-away-its-10m-iphone-target?source=feed#comment-176492 176492 Fri, 30 May 2008 02:36:51 -0400 http://seekingalpha.com/article/79271-is-amazon-s-free-cash-flow-overstated?source=feed#comment-175783 175783 Thu, 29 May 2008 06:54:05 -0400 http://seekingalpha.com/article/77327-visa-keeps-charging-ahead?source=feed#comment-167865 167865 Thu, 15 May 2008 03:19:21 -0400 http://seekingalpha.com/article/77202-sina-should-beat-earnings-in-a-google-like-fashion?source=feed#comment-167747 167747 Wed, 14 May 2008 21:07:32 -0400 http://seekingalpha.com/article/76293-what-should-jerry-do-my-advice-to-yahoo?source=feed#comment-163981 163981
Best bet for Jerry is to focus ! focus ! focus ! on yahoo forget about the MSFT, GOOG, etc.. They are the bigget portal site in the world.]]> Thu, 08 May 2008 07:30:10 -0400
Best bet for Jerry is to focus ! focus ! focus ! on yahoo forget about the MSFT, GOOG, etc.. They are the bigget portal site in the world.]]> http://seekingalpha.com/article/75600-buying-fertilizer-stocks-in-lieu-of-camel-futures?source=feed#comment-161889 161889
May 5 (Bloomberg) -- Incitec Pivot Ltd., Australia's largest fertilizer maker, raised its full-year earnings forecast after first-half profit almost tripled because of higher prices for crop nutrients driven by surging global food demand.

Net income rose to a record A$169.8 million ($159 million), or A$3.367 a share, in the six months ended March 31, from A$57.2 million, or A$1.133, a year earlier, the Melbourne-based company said today in a statement.

Rising food prices are ``threatening to plunge more than 100 million people on every continent into hunger,'' the United Nations said last month. Incitec today raised it full-year earnings forecast 16 percent on expectations of higher average fertilizer prices driven by food demand in China and India.

``Worldwide there is a drastic food shortage looming,'' said Peter Russell, head of research at brokerage Intersuisse Ltd. who has an ``accumulate'' rating on the stock. ``I don't see any reason to see the share price or the prospects for profitability to come back.''

Incitec fell 50 cents, or 0.3 percent, to A$171 on the Australian stock exchange at the 4:10 p.m. close of trade in Sydney. The stock has surged more than threefold in the past year, compared with a 9.1 percent decline in the benchmark S&P/ASX 200 Index.

The first-half profit compares with the A$175 million median estimate of four analysts surveyed by Bloomberg News by phone and e-mail.

Record Prices

Potash Corp. of Saskatchewan Inc., the world's largest crop- nutrient maker by market value, said last month first-quarter profit almost tripled and Agrium Inc. last week reported profit of $195 million, from a loss a year earlier, as record crop prices increased demand for agricultural nutrients.

``The increase in fertilizer prices is clearly as a result in global forces, specifically the significant increase in the demand for food,'' Chief Executive Officer Julian Segal said today on a call with reporters. ``The industry consensus is that over the next few years prices will stay high at current kind of levels, and then probably taper off a little bit.''

Prices for diammonium phosphate, known as DAP and produced by Incitec, more than doubled in the first-half, the company said. DAP for immediate delivery increased to $1,195 a ton as at March 31, up from $433 a ton as at Sept.30, 2007, it said.

Food Crisis

``With the big economies of India and China developing at this rate and the standard of living improving in these economies, clearly there has been a tremendous increase in demand for food,'' Segal said in an interview with Bloomberg Television.

The global food crisis is an ``unprecedented challenge,'' UN Secretary-General Ban Ki-Moon said last month. Ban will chair a new UN taskforce to counter the effects of soaring food prices that are putting basics beyond the reach of the world's poorest people. The World Bank has warned the crisis may trigger civil disturbances in 33 countries.

``Fertilizer is an answer to that problem,'' Segal said. ``The only way to cope with the increased demand for food is to produce more food with the same arable land and the only way you can do it is using more nutrients.''

Full-year earnings before interest and tax may be A$850 million, Incitec Chief Financial Officer James Fazzino said today in a separate statement. That compares with the A$700 million to A$730 million forecast made on March 6.

``Fertilizers are obviously the central component of growing food,'' Tom Elliott, of hedge fund MM&E Capital Ltd. said in an interview with Bloomberg Television in Melbourne. ``We'll see probably another, better profit from Incitec this time next year.''

The company will pay a first-half dividend of A$2.04, compared with 69 cents a year earlier, Incitec said.

]]> Mon, 05 May 2008 07:54:48 -0400
May 5 (Bloomberg) -- Incitec Pivot Ltd., Australia's largest fertilizer maker, raised its full-year earnings forecast after first-half profit almost tripled because of higher prices for crop nutrients driven by surging global food demand.

Net income rose to a record A$169.8 million ($159 million), or A$3.367 a share, in the six months ended March 31, from A$57.2 million, or A$1.133, a year earlier, the Melbourne-based company said today in a statement.

Rising food prices are ``threatening to plunge more than 100 million people on every continent into hunger,'' the United Nations said last month. Incitec today raised it full-year earnings forecast 16 percent on expectations of higher average fertilizer prices driven by food demand in China and India.

``Worldwide there is a drastic food shortage looming,'' said Peter Russell, head of research at brokerage Intersuisse Ltd. who has an ``accumulate'' rating on the stock. ``I don't see any reason to see the share price or the prospects for profitability to come back.''

Incitec fell 50 cents, or 0.3 percent, to A$171 on the Australian stock exchange at the 4:10 p.m. close of trade in Sydney. The stock has surged more than threefold in the past year, compared with a 9.1 percent decline in the benchmark S&P/ASX 200 Index.

The first-half profit compares with the A$175 million median estimate of four analysts surveyed by Bloomberg News by phone and e-mail.

Record Prices

Potash Corp. of Saskatchewan Inc., the world's largest crop- nutrient maker by market value, said last month first-quarter profit almost tripled and Agrium Inc. last week reported profit of $195 million, from a loss a year earlier, as record crop prices increased demand for agricultural nutrients.

``The increase in fertilizer prices is clearly as a result in global forces, specifically the significant increase in the demand for food,'' Chief Executive Officer Julian Segal said today on a call with reporters. ``The industry consensus is that over the next few years prices will stay high at current kind of levels, and then probably taper off a little bit.''

Prices for diammonium phosphate, known as DAP and produced by Incitec, more than doubled in the first-half, the company said. DAP for immediate delivery increased to $1,195 a ton as at March 31, up from $433 a ton as at Sept.30, 2007, it said.

Food Crisis

``With the big economies of India and China developing at this rate and the standard of living improving in these economies, clearly there has been a tremendous increase in demand for food,'' Segal said in an interview with Bloomberg Television.

The global food crisis is an ``unprecedented challenge,'' UN Secretary-General Ban Ki-Moon said last month. Ban will chair a new UN taskforce to counter the effects of soaring food prices that are putting basics beyond the reach of the world's poorest people. The World Bank has warned the crisis may trigger civil disturbances in 33 countries.

``Fertilizer is an answer to that problem,'' Segal said. ``The only way to cope with the increased demand for food is to produce more food with the same arable land and the only way you can do it is using more nutrients.''

Full-year earnings before interest and tax may be A$850 million, Incitec Chief Financial Officer James Fazzino said today in a separate statement. That compares with the A$700 million to A$730 million forecast made on March 6.

``Fertilizers are obviously the central component of growing food,'' Tom Elliott, of hedge fund MM&E Capital Ltd. said in an interview with Bloomberg Television in Melbourne. ``We'll see probably another, better profit from Incitec this time next year.''

The company will pay a first-half dividend of A$2.04, compared with 69 cents a year earlier, Incitec said.

]]> http://seekingalpha.com/article/74240-ford-posts-gains-analysts-still-cautious?source=feed#comment-157788 157788 last time he had a stake with GM he was able to get a big run up...

more power to to KIRK ~]]> Mon, 28 Apr 2008 07:29:14 -0400 last time he had a stake with GM he was able to get a big run up...

more power to to KIRK ~]]> http://seekingalpha.com/article/74097-for-microsoft-apple-is-the-elephant-in-the-os-room?source=feed#comment-157024 157024
And why, you ask, Security! The resources it takes to defend against all the stuff the baddies throw at a PC, it’s just cheaper/easier to pay a few bucks more for a Mac and not have any of those issues.

With the Google Apps integration, and moving to the Mac, we will be free of the clutches of the Redmond Beast!

You really couldn’t ask for a much better endorsement of your value to the forward-looking enterprise than being officially adopted by Salesforce.com, could you now?

]]> Sat, 26 Apr 2008 05:52:13 -0400
And why, you ask, Security! The resources it takes to defend against all the stuff the baddies throw at a PC, it’s just cheaper/easier to pay a few bucks more for a Mac and not have any of those issues.

With the Google Apps integration, and moving to the Mac, we will be free of the clutches of the Redmond Beast!

You really couldn’t ask for a much better endorsement of your value to the forward-looking enterprise than being officially adopted by Salesforce.com, could you now?

]]> http://seekingalpha.com/article/74079-the-oppenheimer-effect-conservative-guidance-stellar-earnings-from-apple?source=feed#comment-157023 157023
And why, you ask, Security! The resources it takes to defend against all the stuff the baddies throw at a PC, it’s just cheaper/easier to pay a few bucks more for a Mac and not have any of those issues.

With the Google Apps integration, and moving to the Mac, we will be free of the clutches of the Redmond Beast!

You really couldn’t ask for a much better endorsement of your value to the forward-looking enterprise than being officially adopted by Salesforce.com, could you now?

]]> Sat, 26 Apr 2008 05:42:58 -0400
And why, you ask, Security! The resources it takes to defend against all the stuff the baddies throw at a PC, it’s just cheaper/easier to pay a few bucks more for a Mac and not have any of those issues.

With the Google Apps integration, and moving to the Mac, we will be free of the clutches of the Redmond Beast!

You really couldn’t ask for a much better endorsement of your value to the forward-looking enterprise than being officially adopted by Salesforce.com, could you now?

]]> http://seekingalpha.com/article/74064-apple-s-branding-strategy-delivers-superior-results?source=feed#comment-156397 156397 Fri, 25 Apr 2008 08:26:22 -0400 http://seekingalpha.com/article/74035-apple-stores-outshine-retailers?source=feed#comment-156328 156328 Fri, 25 Apr 2008 05:25:58 -0400 http://seekingalpha.com/article/74035-apple-stores-outshine-retailers?source=feed#comment-156327 156327
Soleil - "With Mac sales up 51% y/y- a rate of growth 3.5X better than the industry-we believe our long-term market share thesis for AAPL remains firmly intact."

WR Hambrecht - "With the Mac franchise as the core growth driver, we are still optimistic about the prospects for the iPhone, and we expect Apple to use many of its levers (e.g., price, new features, new models, and new carriers/distribution partners) to accelerate unit sales throughout the year."

Piper Jaffray - "The key takeaway from Apple's Mar. qtr is that the Mac units grew at the highest y/y rates (units 51% and revenue 54%) in 17 years. Macs are the most meaningful category with the most potential and they are performing the best."

Deutsche Bank - "We expect multiple product cycles (MacBooks, Air, 3G iPhone, etc) to sustain strong FCF and EPS growth." "Mac momentum to continue"
]]> Fri, 25 Apr 2008 05:25:30 -0400
Soleil - "With Mac sales up 51% y/y- a rate of growth 3.5X better than the industry-we believe our long-term market share thesis for AAPL remains firmly intact."

WR Hambrecht - "With the Mac franchise as the core growth driver, we are still optimistic about the prospects for the iPhone, and we expect Apple to use many of its levers (e.g., price, new features, new models, and new carriers/distribution partners) to accelerate unit sales throughout the year."

Piper Jaffray - "The key takeaway from Apple's Mar. qtr is that the Mac units grew at the highest y/y rates (units 51% and revenue 54%) in 17 years. Macs are the most meaningful category with the most potential and they are performing the best."

Deutsche Bank - "We expect multiple product cycles (MacBooks, Air, 3G iPhone, etc) to sustain strong FCF and EPS growth." "Mac momentum to continue"
]]> http://seekingalpha.com/article/74030-apples-dramatic-risks-and-ambitions?source=feed#comment-156325 156325
Soleil - "With Mac sales up 51% y/y- a rate of growth 3.5X better than the industry-we believe our long-term market share thesis for AAPL remains firmly intact."

WR Hambrecht - "With the Mac franchise as the core growth driver, we are still optimistic about the prospects for the iPhone, and we expect Apple to use many of its levers (e.g., price, new features, new models, and new carriers/distribution partners) to accelerate unit sales throughout the year."

Piper Jaffray - "The key takeaway from Apple's Mar. qtr is that the Mac units grew at the highest y/y rates (units 51% and revenue 54%) in 17 years. Macs are the most meaningful category with the most potential and they are performing the best."

Deutsche Bank - "We expect multiple product cycles (MacBooks, Air, 3G iPhone, etc) to sustain strong FCF and EPS growth." "Mac momentum to continue"
]]> Fri, 25 Apr 2008 05:24:32 -0400
Soleil - "With Mac sales up 51% y/y- a rate of growth 3.5X better than the industry-we believe our long-term market share thesis for AAPL remains firmly intact."

WR Hambrecht - "With the Mac franchise as the core growth driver, we are still optimistic about the prospects for the iPhone, and we expect Apple to use many of its levers (e.g., price, new features, new models, and new carriers/distribution partners) to accelerate unit sales throughout the year."

Piper Jaffray - "The key takeaway from Apple's Mar. qtr is that the Mac units grew at the highest y/y rates (units 51% and revenue 54%) in 17 years. Macs are the most meaningful category with the most potential and they are performing the best."

Deutsche Bank - "We expect multiple product cycles (MacBooks, Air, 3G iPhone, etc) to sustain strong FCF and EPS growth." "Mac momentum to continue"
]]> http://seekingalpha.com/article/74030-apples-dramatic-risks-and-ambitions?source=feed#comment-156323 156323 AAPL) analyst round-up following strong Q2 results. Apple reported Q2 EPS of $1.16, 9 cents better than the analyst estimate of $1.07. Revenues for the quarter were $7.51 billion, versus the consensus of $6.96 billion. Apple sees Q3 EPS of about $1.00, versus the consensus of $1.10. Sees Q3 revs of about $7.2 billion, versus $7.16 billion.

Raised Price Target:
Merrill Lynch raises its price target from $180 to $186, maintaining their Buy rating.
Deutsche Bank raises its price target from $225 to $235, maintaining their Buy rating.
Citi raises its price target from $218 to $248, maintaining their Buy rating.
ThinkPanmure raises its price target from $165 to $195, maintaining their Buy rating.
WR Hambrecht raises its price target from $218 to $238, maintaining their Buy rating.

Maintained:
Needham maintains its $234 price target and Strong Buy rating.
FTN maintains its $215 price target and Buy rating.
Caris & Co maintains its $170 price target and Above Average rating.
AmTech maintains its Neutral rating.
Cross Research maintains its $225 price target and Buy rating.
Piper Jaffray maintains its $250 price target and Buy rating.
Soleil Securities maintains its $200 price target and Buy rating.
]]> Fri, 25 Apr 2008 05:24:12 -0400 AAPL) analyst round-up following strong Q2 results. Apple reported Q2 EPS of $1.16, 9 cents better than the analyst estimate of $1.07. Revenues for the quarter were $7.51 billion, versus the consensus of $6.96 billion. Apple sees Q3 EPS of about $1.00, versus the consensus of $1.10. Sees Q3 revs of about $7.2 billion, versus $7.16 billion.

Raised Price Target:
Merrill Lynch raises its price target from $180 to $186, maintaining their Buy rating.
Deutsche Bank raises its price target from $225 to $235, maintaining their Buy rating.
Citi raises its price target from $218 to $248, maintaining their Buy rating.
ThinkPanmure raises its price target from $165 to $195, maintaining their Buy rating.
WR Hambrecht raises its price target from $218 to $238, maintaining their Buy rating.

Maintained:
Needham maintains its $234 price target and Strong Buy rating.
FTN maintains its $215 price target and Buy rating.
Caris & Co maintains its $170 price target and Above Average rating.
AmTech maintains its Neutral rating.
Cross Research maintains its $225 price target and Buy rating.
Piper Jaffray maintains its $250 price target and Buy rating.
Soleil Securities maintains its $200 price target and Buy rating.
]]> http://seekingalpha.com/article/73806-wall-street-breakfast-must-know-news?source=feed#comment-155733 155733
Citi raised target from $212 to $248
24 April 2008, Apple Inc (AAPL), Citi raises target.


Unit Shipment Upside in ALL Product Categories;

Reiterate Buy

Call — Apple remains our top hardware pick through calendar year-end, with a new $248 12-month target, following a 7-8% revenue beat (Google also beat by 7-8%) with upside from all product lines in 1CQ08. A steady stream of new product announcements between June and September should allow the company to continue to gain significant market share in PCs and handsets during 2HCY08. Component Tailwind in 2CQ — We had expected higher gross margin in 1CQ and now believe that Apple entered the quarter with a significant amount of memory inventory procured at higher prices during 4CQ. However, as Apple procures memory in 2CQ at prevailing contract prices, the company should benefit from the component cost tailwind that we had expected last quarter.

9 June is D-Day for 3G — The first of an impressive wave of new products will be a new 3G iPhone and the iPhone Software Development Kit (SDK). During
the subsequent three months, we expect a complete refresh of the laptop and iPod lines. The SDK should yield hundreds of compelling iPhone/iPod touch
third-party apps for by Christmas. Little Change to Above-Consensus FY09/10 Ests — An increase in revenue
estimates for all future periods is mostly offset by more-conservative assumptions on monthly residuals from cell phone carrier partners. We have reduced carrier residuals in anticipation of more traditional carrier relationships with forthcoming carrier partners around the world.
]]> Thu, 24 Apr 2008 08:13:01 -0400
Citi raised target from $212 to $248
24 April 2008, Apple Inc (AAPL), Citi raises target.


Unit Shipment Upside in ALL Product Categories;

Reiterate Buy

Call — Apple remains our top hardware pick through calendar year-end, with a new $248 12-month target, following a 7-8% revenue beat (Google also beat by 7-8%) with upside from all product lines in 1CQ08. A steady stream of new product announcements between June and September should allow the company to continue to gain significant market share in PCs and handsets during 2HCY08. Component Tailwind in 2CQ — We had expected higher gross margin in 1CQ and now believe that Apple entered the quarter with a significant amount of memory inventory procured at higher prices during 4CQ. However, as Apple procures memory in 2CQ at prevailing contract prices, the company should benefit from the component cost tailwind that we had expected last quarter.

9 June is D-Day for 3G — The first of an impressive wave of new products will be a new 3G iPhone and the iPhone Software Development Kit (SDK). During
the subsequent three months, we expect a complete refresh of the laptop and iPod lines. The SDK should yield hundreds of compelling iPhone/iPod touch
third-party apps for by Christmas. Little Change to Above-Consensus FY09/10 Ests — An increase in revenue
estimates for all future periods is mostly offset by more-conservative assumptions on monthly residuals from cell phone carrier partners. We have reduced carrier residuals in anticipation of more traditional carrier relationships with forthcoming carrier partners around the world.
]]> http://seekingalpha.com/article/73809-the-microsoft-waiting-game-fast-money-recap-4-23-08?source=feed#comment-155725 155725 [AAPL] Today 07:36am
Apple Inc Morgan Keegan Raised AAPL to Market Perform from Underperform ]]> Thu, 24 Apr 2008 08:05:08 -0400 [AAPL] Today 07:36am
Apple Inc Morgan Keegan Raised AAPL to Market Perform from Underperform ]]> http://seekingalpha.com/article/73809-the-microsoft-waiting-game-fast-money-recap-4-23-08?source=feed#comment-155723 155723 Thu, 24 Apr 2008 08:04:03 -0400 http://seekingalpha.com/article/73809-the-microsoft-waiting-game-fast-money-recap-4-23-08?source=feed#comment-155722 155722 Thu, 24 Apr 2008 08:02:58 -0400 http://seekingalpha.com/article/73809-the-microsoft-waiting-game-fast-money-recap-4-23-08?source=feed#comment-155719 155719
this is the fourth (4) upgrade for today.

1:ThinkPanmure analyst Darren Aftahi raised his price target to $195 from $165, implying he expects the stock to rise about 20 percent over Wednesday's $162.89 close.
2: Bank of America: $180
3: Lehman: $202
4: Citi: $248 ]]> Thu, 24 Apr 2008 07:58:34 -0400
this is the fourth (4) upgrade for today.

1:ThinkPanmure analyst Darren Aftahi raised his price target to $195 from $165, implying he expects the stock to rise about 20 percent over Wednesday's $162.89 close.
2: Bank of America: $180
3: Lehman: $202
4: Citi: $248 ]]> http://seekingalpha.com/article/73775-will-apple-keep-on-keeping-on?source=feed#comment-155686 155686 citigroupgeo.com/pdf/S......

Apple Inc Summary of Price Target Changes for Apple - Price target raised to $180 from $170 at Bank of America. - Price target raised to $202 from $195 at Lehman Brothers; maintains "Overweight" rating ]]> Thu, 24 Apr 2008 05:57:37 -0400 citigroupgeo.com/pdf/S......

Apple Inc Summary of Price Target Changes for Apple - Price target raised to $180 from $170 at Bank of America. - Price target raised to $202 from $195 at Lehman Brothers; maintains "Overweight" rating ]]> http://seekingalpha.com/article/73750-apples-guidance-what-s-missing?source=feed#comment-155680 155680
Apple Inc Summary of Price Target Changes for Apple - Price target raised to $180 from $170 at Bank of America. - Price target raised to $202 from $195 at Lehman Brothers; maintains "Overweight" rating ]]> Thu, 24 Apr 2008 05:31:31 -0400
Apple Inc Summary of Price Target Changes for Apple - Price target raised to $180 from $170 at Bank of America. - Price target raised to $202 from $195 at Lehman Brothers; maintains "Overweight" rating ]]> http://seekingalpha.com/article/73750-apples-guidance-what-s-missing?source=feed#comment-155679 155679
$180-$248

Citi raised target from $212 to $2.48
24 April 2008, Apple Inc (AAPL), Citi raises target.

From linda57... on this message board, thanks linda57..

Unit Shipment Upside in ALL Product Categories;

Reiterate Buy

Call — Apple remains our top hardware pick through calendar year-end, with a new $248 12-month target, following a 7-8% revenue beat (Google also beat by 7-8%) with upside from all product lines in 1CQ08. A steady stream of new product announcements between June and September should allow the company to continue to gain significant market share in PCs and handsets during 2HCY08. Component Tailwind in 2CQ — We had expected higher gross margin in 1CQ and now believe that Apple entered the quarter with a significant amount of memory inventory procured at higher prices during 4CQ. However, as Apple procures memory in 2CQ at prevailing contract prices, the company should benefit from the component cost tailwind that we had expected last quarter.

9 June is D-Day for 3G — The first of an impressive wave of new products will be a new 3G iPhone and the iPhone Software Development Kit (SDK). During
the subsequent three months, we expect a complete refresh of the laptop and iPod lines. The SDK should yield hundreds of compelling iPhone/iPod touch
third-party apps for by Christmas. Little Change to Above-Consensus FY09/10 Ests — An increase in revenue
estimates for all future periods is mostly offset by more-conservative assumptions on monthly residuals from cell phone carrier partners. We have reduced carrier residuals in anticipation of more traditional carrier relationships with forthcoming carrier partners around the world. ]]> Thu, 24 Apr 2008 05:30:16 -0400
$180-$248

Citi raised target from $212 to $2.48
24 April 2008, Apple Inc (AAPL), Citi raises target.

From linda57... on this message board, thanks linda57..

Unit Shipment Upside in ALL Product Categories;

Reiterate Buy

Call — Apple remains our top hardware pick through calendar year-end, with a new $248 12-month target, following a 7-8% revenue beat (Google also beat by 7-8%) with upside from all product lines in 1CQ08. A steady stream of new product announcements between June and September should allow the company to continue to gain significant market share in PCs and handsets during 2HCY08. Component Tailwind in 2CQ — We had expected higher gross margin in 1CQ and now believe that Apple entered the quarter with a significant amount of memory inventory procured at higher prices during 4CQ. However, as Apple procures memory in 2CQ at prevailing contract prices, the company should benefit from the component cost tailwind that we had expected last quarter.

9 June is D-Day for 3G — The first of an impressive wave of new products will be a new 3G iPhone and the iPhone Software Development Kit (SDK). During
the subsequent three months, we expect a complete refresh of the laptop and iPod lines. The SDK should yield hundreds of compelling iPhone/iPod touch
third-party apps for by Christmas. Little Change to Above-Consensus FY09/10 Ests — An increase in revenue
estimates for all future periods is mostly offset by more-conservative assumptions on monthly residuals from cell phone carrier partners. We have reduced carrier residuals in anticipation of more traditional carrier relationships with forthcoming carrier partners around the world. ]]>