Friday, January 05, 2007
Tuesday, January 02, 2007
Goldman Sachs Upgrades Apple Computer Stock
Friday, December 29, 2006
Soon Apple Products Will Be Everywhere!
Set top box due out in early 2007
Breaking with Apple's tradition of not announcing unreleased products, Steve Jobs said that the company will release a wireless, set-top box for the TV called iTV. It will be approximately half the size of the Mac mini, and the iTV will feature Ethernet, 802.11g, USB ports, component video, optical audio, and HDMI ports. It will work with the Apple Remote and sport an interface much like that of Front Row.
iTV will allow music, TV shows, and movies residing on a computer to play on a television in another part of the house with what Jobs describes as instantaneous access. It is slated to ship during the first quarter of 2007 and will retail for $299.
"Apple is in your den now," says Jobs. "Apple is in your living room. Apple is in your car. Apple is in your pocket." Will Apple be in your wallet?
Also - look for exciting stuff as Macworld EXPO starts on January 8.
AAPL target $100+ in January in our opinion now that the cloud has lifted today with the scare of the options probe that was with out a doubt played out in the media by the shorts who needed to get apple's stock lower to cover at a profit!We are BULLISH on AAPL. You should be too.
More Apple News
In a 10-K report filed with the Securities and Exchange Commission early Friday, Apple said it recorded $84 million in noncash expenses to account for backdated stock options.
The relatively small restatement was a BIG relief to investors, but their main cause for celebration centered around Jobs, whose future had been called into question as details of the stock option irregularities have come to light.
The filed statements with the U.S. Securities and Exchange Commission that took pains to exonerate Chief Executive Steve Jobs from wrongdoing in the company's handling of stock options from 1997 to 2002. A special committee appointed by Apple's board "found no misconduct by current management," the company said in a lengthy explanatory note attached to its yearend financial filing. That reiterated remarks made by Apple in October, and it was exactly what many investors and analysts wanted to hear. In early afternoon trading, Apple's shares got a 5% boost, to $84.93.As upbeat as the tone was toward management, the documents nevertheless underscores concerns over the way Apple handled options, which were used by many companies in recent years to compensate employees, and have become the target of widespread investigation. The practice of backdating, or changing a grant date to artificially boost the value of the option, can skew results by understating compensation costs and overstating profit.
Apple said its own probe turned up "a number of grants for which grant dates were intentionally selected in order to obtain favorable exercise prices," and that Jobs was "aware or recommended the selection of some of the favorable grant dates." Jobs "did not receive or financially benefit from these grants or appreciate the accounting implications."
Al Gore, the former US Vice-President and chairman of the special board committee, and Jerome York, chairman of Apple’s audit and finance committee, said: “The board of directors is confident that the company has corrected the problems that led to the restatement and it has complete confidence in Steve Jobs and the senior management team.”
The company admitted that it had falsified records to show that a board meeting on October 19, 2001, had approved the awarding of 7.5 million stock options to Mr Jobs. In fact, no meeting took place on that day and the records were fabricated, the company said.
The market applauded the Apple report, however, and seemed to share the company’s view that Mr. Jobs had been exonerated as the shares surged more than 5 per cent by midday on Wall Street.
Tuesday, December 26, 2006
Macworld iPhone and iTV News
We think the hedge funds are deliberately pushing Apple stock down before the Macworld convention in early January. Buying on any dips could be a prudent move as most analysts have a $100 Target on AAPL stock!
Thursday, December 21, 2006
Highland Capital Partners Battles With Appaloosa Management To Get Contol Of Delphi
Wednesday, December 20, 2006
Apple Looks Oversold Here
Click here
Tuesday, December 19, 2006
Monday, December 18, 2006
Morgan Stanley's Ups Target On AAPL To $110 Up From $90
Wednesday, December 13, 2006
Delphi Stock On The Move
--------------------------------------------------------------------------------
Reuters U.S. Company News
08:53 a.m. 12/13/2006
By Fang Yan
SHANGHAI, Dec 13 (Reuters) - Chinese diesel engine maker Weichai Power Co. Ltd. is interested in buying assets of bankrupt U.S. auto parts maker Delphi Corp. (DPHIQ), Weichai's executive director said on Wednesday.
"We are interested in Delphi's assets as their technologies are the best in the industry," Xu Xinyu told Reuters on the sidelines of a business forum. "We might have some cross-border acquisitions next year."
A deal would give Weichai a foothold in North America, a market many Chinese auto makers and parts suppliers have been eyeing.
But any move by the Chinese company to acquire Delphi's component business could spur opposition from U.S. labour unions and politicians fearful of more job losses and the transfer of technologies to China, analysts say.
In an effort to slash costs and emerge from bankruptcy protection, Delphi, a former General Motors (GM) unit, said earlier this year that it aimed to sell or close by the end of 2007 non-core product lines.
Delphi said these could include brake and chassis systems, cockpits and instrument panels, door modules and latches, and steering and wheel bearings.
Xu did not say which assets his company is particularly interested in.
Hong Kong-listed Weichai, which competes with companies like Cummins Inc. (CMI) to supply engines to the world's second- largest auto market, had in September announced a plan to also list on the Shenzhen Stock Exchange, after privatising its unit Torch Automobile Group Co. Ltd.
Tuesday, December 12, 2006
AAPL Chart from Dec 15, 2005 Thru Jan 15, 2006
See Last Year's Chart
RSI is at the 50 level and would not consider selling until we reach the "green" overbought area at the RSI 90 level.
Monday, December 11, 2006
Apple Stock Expected To Advance In Anticipation Of New Products That Are Expected To Be Announced Soon
iPOD cell phones - a deal with Motorola or Nokia?
iTV products that will bridge the Internet with your TV or computer?
More iTunes music and new iTunes movie download services?
Prediction: Costco and Best Buys #1 Selling Items
Lesson #1: If you like the product and everyone is buying it (ie. iPODs)....BUY the stock.
AAPL IS OUR FAVORITE PICK
LT target $130 level or when notified or indicated as overbought on the RS chart at the 90 green level. Currently, we sit at the 55 level. See Chart