U.S. stocks closed mixed, pressured by a plunge in biotechs, as investors digested Nike earnings and Fed Chair Janet Yellen's remarks.» Read More
Euphoria over the iPhone and its slick, sleek, slim design quickly gave way to sticker shock when Apple CEO Steve Jobs announced the pricetag: $499 for 4 gig model; $599 for the 8-gig. Let the pundit-parade begin: Too expensive, they clamored. Elitist, said others. But lets' look back: Remember that Apple was an expensive Johnny-come-lately to the world of digital music, and that was nearly 100 million iPods ago!
Apple shares are jumping higher this afternoon--up around 6.5% after the company unveiled it's new iPhone. “We’re gonna make some history today,” said Steve Jobs, the inconic head of Apple during his annual presentation at the MacWorld conference in San Francisco. “This is a day I’ve been looking forward to for two and a half years. Every once in a while, a revolutionary product comes along that changes everything.”
It's been a pretty good year for tech stocks--but even a good 2006 doesn't hide the fact that the sector has underperformed the market for the last three years. So--there should be plenty of growth ahead in 2007, right? Scott Kessler is the S&P's Senior Director of Technology Sector Equity Research. Peter Misek is Senior Tech Analyst at Canaccord Adams. On "Morning Call" the pair give their sector outlook and stock "picks."
Tokyo stocks closed almost flat on Christmas Day. Trade was thin, with participants citing the holidays in overseas markets.
Stocks bucked a trend and closed lower on the last session before the Christmas holiday on investor concerns about a slower economy.
It's the kind of surprise RIMM investors were hoping for: The company once again blowing past even the rosiest projections and providing the kind of guidance that was really a nice Holiday gift. But was it? First, the news: RIMM posting $835 million in revenue. The high forecasts from the street were around $816 million. New subscriptions? The high-end was 810,000 new Blackberry users on the quarter. The company reports 875,000 instead!
Shares of Research In Motion (RIM) jumped in post-market trading after the company reported strong subscriber growth and revenue guidance well above analysts' expectations.
BlackBerry-maker Research In Motion issued quarterly earnings results, today after the bell. CNBC’s Jim Goldman sorted through the numbers and Peter Misek, Senior Technology Analyst at Canaccord Adams had the instant analysis.
It's a day of reckoning for Palm--which is set to release its earnings later today. The hand-held pioneer has seen its market share dwindle to almost nothing--with rivals like Research in Motion (they make the BlackBerry) now dominating the market. So what's ahead for Palm? Can it come back? Jon Fortt is Senior Editor at Business 2.0 magazine....
There seems to be a new wave of "hacker attacks"--aimed at your cell phones and BlackBerrys. But is there any way to protect yourself? On Today’s "Street Signs," Erin Burnett asked Ed English, with internet security firm Trend Micro and Anne Wallace from The Identity Theft Assistance Center. Ed English explained that hackers who break into computers are now targeting cell phones and mobile devices - anywhere that we’re storing personal information.
Yikes! Two major players in wireless with warnings kind of makes you wonder: is the hottest sector in tech cruising for a slowdown? Or is there some disconnect between them and everyone else? Despite Palm's and Nokia's issues, wireless is hardly dead, or even dying. It remains one of the most robust sub-sectors in tech and with mobile music and mobile video, will remain so in 2007. And to prove the point, I'm filing this blog on my Blackberry!