Less Sweet on NetSuite
Caris & Co. downgraded the software firm to Above Average.
ATML Rebounds, CY Up 5%: No Real Change in Position, Says FBR
Shares of touch-controller chip maker Atmel (ATML) have recovered from a sharp selloff last night after the company said its revenue last quarter missed even its recently reduced forecast. The shares are up 26 cents, or almost 3%, at $10.36, versus a 5% sell-off last night and a drop of almost 1% in this morning’s...
Smartphone Sales in 2011 Surpass PCs, Says Canalys
Research firm Canalys, which is making a point of comparing the personal computer market’s sales with non-PC sales, today offers up another interesting juxtaposition of data points. The company notes that 488 million smartphones were shipped in 2011, making it the first year that the device category out-shipped PC units of 414.6 million. In Q4,...
Contractors Exposed to a Defense Cut
Textron, Boeing and Triumph may see revenue cut starting in 2014.
AAPL: Gardner Offers ‘Key Points’ of Cook, Oppenheimer Mtg
Citigroup’s Richard Gardner this morning reiterates a Buy rating on shares of Apple (AAPL) and a $600 price target after hosting a meeting on Thursday with chief executive Tim Cook and CFO Peter Oppenheimer on Apple’s campus. Among the “key points” Gardner gleaned was that Cook reiterated a view that expansion in the iOS operating...
RIMM: Jefferies Says Sell on BB10 Strategy; Wells Looks Forward to PlayBook 2.0
If you thought the Street was giving Research in Motion (RIMM) CEO Thorsten Heins a little time to get settled into his new role (announced just a week ago) and put his stamp on the place, think again. Jefferies & Co.’s Peter Misek today cut his rating on the shares to Underperform from Hold, and...
Don’t Overpay for J&J
With Johnson & Johnson trading at a premium to its peers, investors should wait for a lower price before buying.
Piping Hot Dividends
Two oil-and-gas pipeline master limited partnerships are well positioned for strong growth in cash distributions.
ATML Drops 5%: Cuts Q4 View
Shares of computer chip maker Atmel (ATML) have been halted pending some kind of news announcement. Update: Atmel has forecast its Q4 revenue to decline 20% from Q3′s level to $384 million, lower than its prior forecast range of $403 million to $422 million, in part because of an $11 million shortfall from “the rescheduling...
Apple, Samsung: Rich Getting Richer in Handset Biz, Says UBS
UBS’s Maynard Um this afternoon offers up a longish (17 pages) update on the outlook for the handset industry, writing that there’s an increasing divergence between the “strong warriors,” namely Apple (AAPL) and Samsung Electronics (SSNLF), on the one hand, and the weaker forces, including some who are trying to make a buck off Google’s...
THQ Drops 22%: FYQ3 Misses, Discusses Plan to Exit Kids Games
Shares of video game maker THQ (THQI) are down 17 cents, or 22%, at 59 cents after the company this afternoon reported fiscal Q3 revenue and profit per share below expectations, and outlined some more details of a previously announced plan to exit the market for kids video games for console game machines. Revenue in...
Stocks in the Spotlight Thursday
Green Mountain, Zynga and Patriot Coal rose. Sandridge fell.
