Wednesday, August 11, 2010

Morning Tech News$DELL $CREE $AAPL $WFR $RIMM


· Hynix fell 6% and LG Display dipped ~4.5% in Asian trading today amid worries about weakening PC demand (the stocks fell in sympathy w/the poor US tech trading on Tues; all the neg. comments around INTC hurt sentiment on the PC supply chain). 

· WFR – WSJ says insider buying a “very pos. sign”; 6 insiders have bought more than $1.1MM worth of WFR shrs (WSJ) 

· AAPL – more articles talking about new iPods coming within the next few weeks - Apple plans to release a new iPod touch with a high-resolution Retina Display and two cameras -- much like the iPhone 4 -- in "a few weeks."   Apple Insider

· AMZN said to be looking at hardware beyond Kindle – “Amazon wants to make more devices for consumers that would enable simple purchasing of Amazon content including its digital books, music and movie rentals andpurchases”   NYT

· GOOG - Google is getting ready to announce a couple new features for Android on Thursday at an invite-only event, according to an invitation received by Gizmodo.  ZD Net.

· E-Book demand in H2 could be 2-3x higher than in H1 b/c of new innovations and price reductions – Digitimes 

· Semi equipment pushouts could be imminent - The business climate for the semiconductor industry is deteriorating, and pushouts of front-end equipment are forthcoming, according to a recent report published by The Information Network.  Digitimes 

· RIMM – important meeting coming up Thurs for Blackberry service in India – India may decide to shut the service down on a temporary basis if a security deal can’t be reached on Thurs (Reuters) 

· RIMM – announced Tues that it has agreed to purchase for cancellation 1,530,000 of its outstanding common shares, representing approximately 0.28% of its common shares outstanding at June 24, 2010; worth ~$80MM inaggregate. 

· AVGO issues rev update for its Jul-end Q; sees revs now up 6.7% Q/Q to $550MM; the St was forecasting revs +5.2% to $542MM.  Guidance was for revs up 4-7%

· DELL - the co's Streak will go on sale later this week @ AT&T; $300 w/2-year contract.  Uses Android and QCOM Snapdragon (as expected).   

· CSCO Wed night the next big data point for tech - recall Chambers was very early to call the '08/'09 downturn - it was back on an earnings call in Nov '07 that Chambers first said he was seeing an order downtick in US enterprise - his tone Wed night will be key to see if we are indeed at a neg. inflection point for tech. 

· HPQ – the co will launch a WebOS tablet, code named Hurrican, in Q1:11 – Engadget

· HPQ – the HP board has been surprised by the PR campaign waged by former chief Mark Hurd since leaving the company – WSJ 

· AKAM – positive comments from Cramer during Mad Money Tues night. 

· Micro Focus – the UK software firm saw its shares plunge >20% after it cut its earnings/sales outlook – DJ 

· GOOG’s acquisition pace picking up as internal projects falter; the co’s pace of M&A in ’10 already double vs. ’09 and should continue – Bloomberg 

· AOL - Facebook Chief Executive Mark Zuckerberg and AOL CEO Tim Armstrong are quietly discussing a strategic alliance aimed at boosting their online ad businesses – NY Post.  

· Retailers around the country to push cheaper payment options now that Dodd/Frank has passed; will set higher minimums for electronic payment cards; could push more customers towards debit (vs. credit) - AmericanBanker 

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