Monday - May 5, 2008
Apple shares rose modestly Monday after an American Technology Research analyst raised his rating to "Buy" and an RBC Capital Markets analyst increased his price target for the computer and gadget maker's stock. Apple shares rose $3.57 to $184.51. Earlier, the shares traded as high as $185.31 -- their highest since early January. In a client note, American Technology Research analyst Shaw Wu raised his rating to "Buy" from "Neutral" and set a $210 price target. The change came about two weeks after Wu, who has long been bullish on the stock, lowered his rating to "Neutral."
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Friday - April 25, 2008
It seems there's no love lost between FCC Chairman Kevin Martin and Comcast. In testimony before a Senate committee about the practice of blocking peer-to-peer traffic on the Internet, Martin said Comcast lied when it described its practices to the FCC. Comcast maintained that it was merely engaging in justifiable management of network traffic in order to preserve the Internet experience for all customers.
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Friday - April 25, 2008
The Apple- and Mac-focused blog world is all over the map this week, but three stories stand out: How much money Apple is making, what it's spending that money on, and what's going on in Italy. With a whopping 51 percent increase in Mac sales, Apple released its financial results for the second quarter fiscal year quarter in 2008. However, just before that, news broke of its purchase of semiconductor company P.A. Semi.
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Thursday - April 24, 2008
Sizzling sales of Macintosh computers fueled a 36 percent increase in profit for Apple in the second fiscal quarter. Apple, which one day earlier confirmed it acquired Santa Clara, Calif.-based fabless semiconductor company P.A. Semi, earned $1.05 billion, or $1.16 per share, in the second quarter ending March 29. During the same period a year ago, Apple earned $770 million, or 87 cents per share.
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Wednesday - April 23, 2008
Apple has purchased chip designer P.A. Semi for $278 million in cash, according to Forbes. The Santa Clara, Calif.-based firm is a self-described fabless semiconductor firm that delivers processors for the high-performance embedded-computing market. The company specializes in low-power chips that could be useful in Apple's iPhone and iPod devices.
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Wednesday - April 23, 2008
Apple's shares fell Tuesday after an American Technology Research analyst lowered his rating for the computer and gadget maker to "Neutral" ahead of the company's fiscal second-quarter report. Apple shares fell $7.96, or 4.7 percent, to $160.20. In the past year, the stock has traded between $91.30 and $202.96.
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Thursday - April 17, 2008
Apple shares rose Wednesday as a Piper Jaffray analyst predicted promotional iPhone price cuts in the United Kingdom and Germany will pave the way for the release of a new iPhone model with 3G technology in June. Apple shares rose $4.69, or 3.2 percent, to $153.07. In the past year, the stock has traded between $89.60 and $202.96.
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Friday - April 11, 2008
Shares of Apple traded lower on Friday after Bernstein Research questioned whether a weakening U.S. consumer may make it difficult for the company to beat rising expectations for its second-quarter results. "As it has done for 11 consecutive quarters, we expect Apple's reported revenues and earnings to beat its own guidance," it said, though it said that "revenue upside could be more limited this quarter."
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Monday - April 7, 2008
Thomas Weisel Partners upgraded Apple Monday, saying the company's current share price severely discounts long-term growth potential. The firm also said the risk that 2008 results will disappoint has faded. Analyst Doug Reid moved his rating to "Overweight" from "Market Perform" and raised his price target to $195 from $188.
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Friday - March 28, 2008
Wolfson Microelectronics saw nearly one fifth wiped off its share price Thursday following the admission it had lost key business supplier Apple. Despite the chip manufacturer's assertion that growth will absorb the impact of the loss, the news its semiconductors will not be used in the iPod nano and iPod touch players due this autumn sent its shares plunging as much as 25 percent.
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Friday - March 7, 2008
Alongside Apple's launch of its software development kit and roadmap for its iPhone 2.0 beta software Thursday, Apple's CEO Steve Jobs introduced a "one more thing" announcement -- a $100 million private investment fund earmarked just for iPhone and iPod touch development efforts.
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