Apple (AAPL +2.4%) responds to David Einhorn's letter opposing Proposal 2 within its shareholder meeting proxy by insisting the proposal won't prevent the issuing of preferred stock, but simply requires that such a move receive shareholder approval. The company adds it will "thoroughly evaluate Greenlight Capital's current proposal to issue some form of preferred stock," and has been "in active discussions about returning additional cash to shareholders." Shares spiked higher into the close. (Einhorn's letter) [View news story]
Very quick response, even Einhorn was probably thrown off at how fast they generated a press release. Definitely a good sign for SH as it shows Apple is at least thinking about its SH when considering what to do with all that cash..
A 5th-gen regular iPad (AAPL) will launch in October and feature "virtually no left or right bezels, and only enough space above and below the screen" to allow for a camera and home button, says iLounge, which has passed on accurate iRumors in the past. The info is generally in-line with a recent report from KGI Securities. iLounge also claims Apple is planning to launch an iPhone 5S sporting an improved camera this summer, and is developing a cheaper, plastic-bodied iPhone "with China Mobile in mind." An iPhone with a 4.7" display is said to be in "early prototyping stages." [View news story]
More on Starbucks' (SBUX) FQ1: The company reports comparable store sales were up 6%, with traffic gaining 4% and ticket prices rising 2%. By region, China/Asia Pacific showed the strongest growth rate at 11%. More than 150K Verismo machines have been sold since the product launch. Operating margin up 30 bps to 16.6% due to what the company calls "increased sales leverage." Previous FY13 growth targets are affirmed. On buybacks, Starbucks says it still as 29M shares on its repurchase plan after burning through 8M shares in FQ1. SBUX -1.8% AH. (PR) [View news story]
More on Starbucks' (SBUX) FQ1: The company reports comparable store sales were up 6%, with traffic gaining 4% and ticket prices rising 2%. By region, China/Asia Pacific showed the strongest growth rate at 11%. More than 150K Verismo machines have been sold since the product launch. Operating margin up 30 bps to 16.6% due to what the company calls "increased sales leverage." Previous FY13 growth targets are affirmed. On buybacks, Starbucks says it still as 29M shares on its repurchase plan after burning through 8M shares in FQ1. SBUX -1.8% AH. (PR) [View news story]
RIM (RIMM +4.3%) has shot higher after Lenovo (LNVGY.PK) CFO Wong Dai suggests his company is open to buying RIM. "We are looking at all opportunities -- RIM and many others" spoke Dai at Davos, while noting RIM's run-up makes a deal more expensive. The comments come shortly after Thorsten Heins mentioned the possibility of selling RIM's hardware ops, something a Canadian government official didn't sound enthusiastic about. Lenovo's smartphone sales have surged lately. [View news story]
Even though he's trying to play the "RIM's run-up makes the deal more expensive" card- he can't stop the rumors from hyping up the stock and launching it much higher, making the deal even more "expensive" for any buyer.
For the first time in nearly 6 months, Facebook (FB +3.7%) is trading above $30/share. There's no specific reason for today's move, unless one counts an invitation for a Jan. 15 event that some think could feature a smartphone announcement. Shorts have been covering at a pretty rapid clip, and recent analyst commentary has featured plenty of bullish remarks about improving mobile monetization and the impact of new ad products. Shares are now up 54% since Facebook delivered its Q3 report. [View news story]
Its better if analysts don't raise them.. allows $FB to demolish estimates so the stock can reach all time highs :)
Apple (AAPL +2.4%) responds to David Einhorn's letter opposing Proposal 2 within its shareholder meeting proxy by insisting the proposal won't prevent the issuing of preferred stock, but simply requires that such a move receive shareholder approval. The company adds it will "thoroughly evaluate Greenlight Capital's current proposal to issue some form of preferred stock," and has been "in active discussions about returning additional cash to shareholders." Shares spiked higher into the close. (Einhorn's letter) [View news story]
Wanted: Technocrats Buying Into BlackBerry 10 [View article]
Wanted: Technocrats Buying Into BlackBerry 10 [View article]
Yahoo (YHOO): Q4 EPS of $0.32 beats by $0.04. Revenue (ex-traffic acquisition) of $1.22B (+4% Y/Y) in-line. Shares +3.9% AH. (PR) [View news story]
A 5th-gen regular iPad (AAPL) will launch in October and feature "virtually no left or right bezels, and only enough space above and below the screen" to allow for a camera and home button, says iLounge, which has passed on accurate iRumors in the past. The info is generally in-line with a recent report from KGI Securities. iLounge also claims Apple is planning to launch an iPhone 5S sporting an improved camera this summer, and is developing a cheaper, plastic-bodied iPhone "with China Mobile in mind." An iPhone with a 4.7" display is said to be in "early prototyping stages." [View news story]
Starbucks (SBUX): FQ1 EPS of $0.57 in-line. Revenue of $3.80B (+11% Y/Y) misses by $4M. Shares -1.8% AH. (PR) [View news story]
More on Starbucks' (SBUX) FQ1: The company reports comparable store sales were up 6%, with traffic gaining 4% and ticket prices rising 2%. By region, China/Asia Pacific showed the strongest growth rate at 11%. More than 150K Verismo machines have been sold since the product launch. Operating margin up 30 bps to 16.6% due to what the company calls "increased sales leverage." Previous FY13 growth targets are affirmed. On buybacks, Starbucks says it still as 29M shares on its repurchase plan after burning through 8M shares in FQ1. SBUX -1.8% AH. (PR) [View news story]
Starbucks (SBUX): FQ1 EPS of $0.57 in-line. Revenue of $3.80B (+11% Y/Y) misses by $4M. Shares -1.8% AH. (PR) [View news story]
More on Starbucks' (SBUX) FQ1: The company reports comparable store sales were up 6%, with traffic gaining 4% and ticket prices rising 2%. By region, China/Asia Pacific showed the strongest growth rate at 11%. More than 150K Verismo machines have been sold since the product launch. Operating margin up 30 bps to 16.6% due to what the company calls "increased sales leverage." Previous FY13 growth targets are affirmed. On buybacks, Starbucks says it still as 29M shares on its repurchase plan after burning through 8M shares in FQ1. SBUX -1.8% AH. (PR) [View news story]
RIM (RIMM +4.3%) has shot higher after Lenovo (LNVGY.PK) CFO Wong Dai suggests his company is open to buying RIM. "We are looking at all opportunities -- RIM and many others" spoke Dai at Davos, while noting RIM's run-up makes a deal more expensive. The comments come shortly after Thorsten Heins mentioned the possibility of selling RIM's hardware ops, something a Canadian government official didn't sound enthusiastic about. Lenovo's smartphone sales have surged lately. [View news story]
After-hours top gainers, as of 5:15 p.m.: SWFT +10%. CYBX +9%. NAK +8%. FFIV +5%. YAVY +4%.
After-hours top losers: CRUS -7%. AAPL -6%. SWKS -6%. HERO -5%. ALTR -5%. [View news story]
Mellanox Technology (MLNX): Q4 EPS of $0.69 beats by $0.02. Revenue of $122.1M (+68% Y/Y) beats by $2.16M. (PR) [View news story]
Apple: 7 Reasons Shorts Can't Sleep At Night [View article]
Target $750 by July.
For the first time in nearly 6 months, Facebook (FB +3.7%) is trading above $30/share. There's no specific reason for today's move, unless one counts an invitation for a Jan. 15 event that some think could feature a smartphone announcement. Shorts have been covering at a pretty rapid clip, and recent analyst commentary has featured plenty of bullish remarks about improving mobile monetization and the impact of new ad products. Shares are now up 54% since Facebook delivered its Q3 report. [View news story]